Civic Intelligence

Wethersfield Academy for the Arts Inc

990EZ • Fiscal year 2019 • EIN 05-0633432

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 28, 2020

431 Hartford AvenueWethersfield, CT 06109-1214

(860) 436-9857

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-0.8%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

35th percentile

-5.2%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

-5.5%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$39,435

Down $2,161 (-5.2%) from 2018

Net Assets

$39,125

No earlier filing loaded for comparison.

Liabilities

Up

$310

Up $310 from 2018

Revenue

Down

$116,408

Down $6,731 (-5.5%) from 2018

Expenses

Down

$117,381

Down $3,698 (-3.1%) from 2018

Net Income

Down

-$973

Down $3,033 (-147%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2013: $5,770Liabilities 2013: $882013Assets 2014: $5,809Liabilities 2014: $02014Assets 2015: $16,488Liabilities 2015: $02015Assets 2016: $24,499Liabilities 2016: $02016Assets 2017: $39,323Liabilities 2017: $02017Assets 2018: $41,596Liabilities 2018: $02018Assets 2019: $39,435Liabilities 2019: $310Net Assets 2019: $39,1252019Assets 2020: $37,862Liabilities 2020: $310Net Assets 2020: $37,5522020Assets 2021: $33,053Liabilities 2021: $310Net Assets 2021: $32,7432021Assets 2022: $26,717Liabilities 2022: $310Net Assets 2022: $26,4072022Assets 2023: $38,527Liabilities 2023: $310Net Assets 2023: $38,2172023Assets 2024: $38,995Liabilities 2024: $310Net Assets 2024: $38,6852024

Highlighted filing

2019

Assets$39,435
Liabilities$310
Net Assets$39,125

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2013: $71,148Expenses 2013: $66,362Net Income 2013: $4,7862013Revenue 2014: $70,610Expenses 2014: $70,483Net Income 2014: $1272014Revenue 2015: $93,494Expenses 2015: $82,815Net Income 2015: $10,6792015Revenue 2016: $119,837Expenses 2016: $109,881Net Income 2016: $9,9562016Revenue 2017: $133,731Expenses 2017: $118,968Net Income 2017: $14,7632017Revenue 2018: $123,139Expenses 2018: $121,079Net Income 2018: $2,0602018Revenue 2019: $116,408Expenses 2019: $117,381Net Income 2019: -$9732019Revenue 2020: $79,737Expenses 2020: $80,479Net Income 2020: -$7422020Revenue 2021: $86,260Expenses 2021: $85,773Net Income 2021: $4872021Revenue 2022: $107,839Expenses 2022: $111,430Net Income 2022: -$3,5912022Revenue 2023: $101,256Expenses 2023: $92,489Net Income 2023: $8,7672023Revenue 2024: $110,950Expenses 2024: $106,138Net Income 2024: $4,8122024

Highlighted filing

2019

Revenue$116,408
Expenses$117,381
Net Income-$973
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.1
Gross Receipts
$116,408
Mission and Program Overview

Mission

Provide art classes, workshops and lectures

Provide art classes workshops lectures

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PROVIDES OPPORTUNITIES IN ART CLASSES, WORKSHOPS, AND ART LECTURES, NOVICE THROUGH PROFESSIONAL, TO BENEFIT FROM STUDY, APPRENTICESHIP, EXHIBITION AND PERFORMANCE.-$117,381
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES MAYOChairman & Treasurer-$0--
FRANK SORANOSecretary-$0--
PAULA RICHERBoard Member-$0--
YOLANDA ANTONIAKBoard MemberPT$0--
MARK WASIELEWSKIBoard Member-$0--
IRENE BRARENTreasurerPT$0--
MATT WYNNEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Wethersfield Academy for the Arts Inc
EIN
05-0633432
Address
431 HARTFORD AVENUE, WETHERSFIELD, CT 06109-1214

Signing Officer

Name
John C Baldelli
Title
CPA
Phone
8604369857
Signed
2020-07-28
Discuss with paid preparer
Yes

Preparer

Firm
Baldelli & Company Cpas LLC
Address
PO BOX 1129, WOODBURY, CT 06798
Preparer
John C Baldelli
Phone
2032664152
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description amountbank service charges 52software expenses 2,088program expenses 1,313

Other changes in net assets or fund balances Part I line 20

Description amountprior year adjustments (1,498)

Description of other assets Part II line 24

Category beginning of year end of yearoffice/studio equipment 675 675

Description of total liabilities Part II line 26

Category beginning of year end of yearother liability 310 310

Raw XML Appendix208 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION AMOUNTBANK SERVICE CHARGES 52SOFTWARE EXPENSES 2,088PROGRAM EXPENSES 1,313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTPRIOR YEAR ADJUSTMENTS (1,498)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CATEGORY BEGINNING OF YEAR END OF YEAROFFICE/STUDIO EQUIPMENT 675 675
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CATEGORY BEGINNING OF YEAR END OF YEAROTHER LIABILITY 310 310
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CPA
ReturnHeader/BusinessOfficerGrp/PhoneNum08604369857
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-28
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ReturnHeader/Filer/BusinessNameControlTxt0WETH
ReturnHeader/Filer/EIN0050633432
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ReturnHeader/Filer/USAddress/CityNm0WETHERSFIELD
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-08-12
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.11.15.210
ReturnHeader/FilingSecurityInformation/IPDt02020-08-12
ReturnHeader/FilingSecurityInformation/IPTm007:44:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461130797
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BALDELLI & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1129
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006798
ReturnHeader/PreparerPersonGrp/PhoneNum02032664152
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN C BALDELLI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-08-12T07:40:47-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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