Civic Intelligence

Village Initiative Project Inc

EIN 06-1624821 • 501(c)3 • Bridgeport, CT

Profile

COLLEGE PREP & TOURS

1000 Lafaytte Blvd Ste 408Bridgeport, CT 06604
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

6.17x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.29x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

38th percentile

-0.9%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-29%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-12%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$27,331

Down $11,240 (-29%) from 2023

Liabilities

Down

$168,733

Down $5,907 (-3.4%) from 2023

Net Assets

Down

-$141,402

Down $5,333 (-3.9%) from 2023

Revenue

Down

$573,278

Down $76,035 (-12%) from 2023

Expenses

Down

$578,611

Down $157,015 (-21%) from 2023

Net Income

Up

-$5,333

Up $80,980 (+94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100K-$200KAssets 2011: $22,503Liabilities 2011: $02011Assets 2012: $20,775Liabilities 2012: $0Net Assets 2012: $20,7752012Assets 2013: $19,956Liabilities 2013: $0Net Assets 2013: $19,9562013Assets 2014: $6,272Liabilities 2014: $0Net Assets 2014: $6,2722014Assets 2015: $8,899Liabilities 2015: $0Net Assets 2015: $8,8992015Assets 2016: $12,622Liabilities 2016: $9,795Net Assets 2016: $2,8272016Assets 2017: $6,587Liabilities 2017: $19,282Net Assets 2017: -$12,6952017Assets 2018: $8,051Liabilities 2018: $22,166Net Assets 2018: -$14,1152018Assets 2019: $4,517Liabilities 2019: $22,024Net Assets 2019: -$17,5072019Assets 2020: $181,914Liabilities 2020: $209,441Net Assets 2020: -$27,5272020Assets 2021: $144,725Liabilities 2021: $172,566Net Assets 2021: -$27,8412021Assets 2022: $118,523Liabilities 2022: $168,279Net Assets 2022: -$49,7562022Assets 2023: $38,571Liabilities 2023: $174,640Net Assets 2023: -$136,0692023Assets 2024: $27,331Liabilities 2024: $168,733Net Assets 2024: -$141,4022024

Highlighted filing

2024

Assets$27,331
Liabilities$168,733
Net Assets-$141,402

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $177,932Expenses 2011: $159,721Net Income 2011: $18,2112011Revenue 2012: $244,447Expenses 2012: $246,175Net Income 2012: -$1,7282012Revenue 2013: $240,729Expenses 2013: $241,548Net Income 2013: -$8192013Revenue 2014: $296,241Expenses 2014: $309,925Net Income 2014: -$13,6842014Revenue 2015: $392,486Expenses 2015: $389,859Net Income 2015: $2,6272015Revenue 2016: $516,701Expenses 2016: $522,773Net Income 2016: -$6,0722016Revenue 2017: $543,102Expenses 2017: $558,624Net Income 2017: -$15,5222017Revenue 2018: $540,424Expenses 2018: $541,844Net Income 2018: -$1,4202018Revenue 2019: $571,685Expenses 2019: $575,077Net Income 2019: -$3,3922019Revenue 2020: $305,858Expenses 2020: $315,878Net Income 2020: -$10,0202020Revenue 2021: $526,135Expenses 2021: $526,449Net Income 2021: -$3142021Revenue 2022: $780,422Expenses 2022: $802,337Net Income 2022: -$21,9152022Revenue 2023: $649,313Expenses 2023: $735,626Net Income 2023: -$86,3132023Revenue 2024: $573,278Expenses 2024: $578,611Net Income 2024: -$5,3332024

Highlighted filing

2024

Revenue$573,278
Expenses$578,611
Net Income-$5,333

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$1.69$1.41$5.73$5.79$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.39$1.75$1.36$6.49$7.36$0.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$1.68$0.50$7.80$8.02$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$1.73$0.28$5.26$5.26$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$2.09$0.28$3.06$3.16$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.22$0.18$5.72$5.75$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.22$0.14$5.40$5.42$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.19$0.13$5.43$5.59$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.10$0.03$5.17$5.23$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$3.92$3.90$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$2.96$3.10$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$2.41$2.42$0.01
2012Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$2.44$2.46$0.02
2011Summary only. Only limited summary data is available for this year.$0.23$0.00$1.78$1.60$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$573,278
Mission and Program Overview

Mission

COLLEGE PREP & TOURS

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,195$27,151▼ $11,044
Land, Buildings, and Equipment, Net$376$180▼ $196
Total Assets$38,571$27,331▼ $11,240
Liabilities
Unsecured Notes Loans Payable$174,640$168,733▼ $5,907
Total Liabilities$174,640$168,733▼ $5,907
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-136,069$-141,402▼ $5,333
Total Net Assets Fund Balance$-136,069$-141,402▼ $5,333
Total Liabilities and Net Assets / Fund Balance$38,571$27,331▼ $11,240

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$180$16,795$16,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa WilsonExecutive DirectorFT$30,759$30,759

Board Members and Trustees

NameTitle
Samuel N Wilson JrChairman
Davon ThomasMember
Jemel HartMember
Lori GibbsMember
Terry WaldenMember
Ciara WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$573,256
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$0
All Other Contributions
$53,941
Change in Net Assets
$-5,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,075
Salaries, Compensation, and Employee Benefits$166,536
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,548$12,394-$123,942
All Other Expenses$113,986$7,454-$121,440
Occupancy$52,375$5,820-$58,195
Current Officers, Directors, Trustees, and Key Employees$27,683$3,076-$30,759
Insurance$16,039$1,782-$17,821
Payroll Taxes$10,651$1,184-$11,835
Interest$8,967$996-$9,963
Office Expenses$2,365$263-$2,628
Other Expenses$394$44-$438
Depreciation Depletion-$196-$196
Total Functional Expenses$545,402$33,209$0$578,611
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

The executive director mrs teresa wilson is married to the treasurer of the organization mr. Samuel wilson

Form 990 governing body review Part VI line 11

Upon completion of the 990 by the accountant, a copy is given to the executive director for review and approval. The executive director upon receipt of the tax form then schedules a meeting with members of the organizations board of directors to reviewthe form. Questions if any are then presented to the accountant for clarification. Upon satisfactory clarification of all questions, the 990 is approved by the board and the accountant is instructed to finalize the return.

Conflict of interest policy compliance Part VI line 12C

The issue of whether a conflict of interest exist is routinely considered during board meetings wheneverthe board is engaged in discussion relating to activities conducted by the organization, entering into contracts,hiring personnel, etc

CEO executive director top management comp Part VI line 15A

In determining the compensation for the organizations executive director and key employees, the organizations board considersthe following factors:1) level of education.2) experience.3) compensation paid by other similar organizations.4) financial status of the orghanization.the board also consults with an outside personnel agency. All discussions pertaining to the decision reached is documented.

Other officer or key employee compensation Part VI line 15B

The organization follows the same procedure used for ceo, executive dir and top management. See write-up of procedurein attachement.

Governing documents etc available to public Part VI line 19

The organizations governing documents, conflict of interest policy and financial statements are maintained at the organizations headquarters and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Village Initiative Project Inc
EIN
06-1624821
In Care Of
% TERESA M WILSON
Address
1000 LAFAYTTE BLVD STE 408, Bridgeport, CT 06604

Signing Officer

Name
Teresa M Wilson
Title
Executive Director
Phone
2033946688
Signed
2025-05-15
Discuss with paid preparer
No

Organization Details

Formed
2001
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
7
Employees
25
Volunteers
18

Preparer

Firm
Samuel N Wilson Jr CPA LLC
Address
1000 LAFAYETTE BLVD STE 410, Bridgeport, CT 06604
Preparer
Samuel N Wilson Jr
Phone
2033686086
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See attached schedule of expenses.

Raw XML Appendix370 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.

Path#Value
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IRS990/AllOtherExpensesGrp/TotalAmt0121440
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0305844
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016795
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR MRS TERESA WILSON IS MARRIED TO THE TREASURER OF THE ORGANIZATION MR. SAMUEL WILSON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON COMPLETION OF THE 990 BY THE ACCOUNTANT, A COPY IS GIVEN TO THE EXECUTIVE DIRECTOR FOR REVIEW AND APPROVAL. THE EXECUTIVE DIRECTOR UPON RECEIPT OF THE TAX FORM THEN SCHEDULES A MEETING WITH MEMBERS OF THE ORGANIZATIONS BOARD OF DIRECTORS TO REVIEWTHE FORM. QUESTIONS IF ANY ARE THEN PRESENTED TO THE ACCOUNTANT FOR CLARIFICATION. UPON SATISFACTORY CLARIFICATION OF ALL QUESTIONS, THE 990 IS APPROVED BY THE BOARD AND THE ACCOUNTANT IS INSTRUCTED TO FINALIZE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ISSUE OF WHETHER A CONFLICT OF INTEREST EXIST IS ROUTINELY CONSIDERED DURING BOARD MEETINGS WHENEVERTHE BOARD IS ENGAGED IN DISCUSSION RELATING TO ACTIVITIES CONDUCTED BY THE ORGANIZATION, ENTERING INTO CONTRACTS,HIRING PERSONNEL, ETC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN DETERMINING THE COMPENSATION FOR THE ORGANIZATIONS EXECUTIVE DIRECTOR AND KEY EMPLOYEES, THE ORGANIZATIONS BOARD CONSIDERSTHE FOLLOWING FACTORS:1) LEVEL OF EDUCATION.2) EXPERIENCE.3) COMPENSATION PAID BY OTHER SIMILAR ORGANIZATIONS.4) FINANCIAL STATUS OF THE ORGHANIZATION.THE BOARD ALSO CONSULTS WITH AN OUTSIDE PERSONNEL AGENCY. ALL DISCUSSIONS PERTAINING TO THE DECISION REACHED IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION FOLLOWS THE SAME PROCEDURE USED FOR CEO, EXECUTIVE DIR AND TOP MANAGEMENT. SEE WRITE-UP OF PROCEDUREIN ATTACHEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE ORGANIZATIONS HEADQUARTERS AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE ATTACHED SCHEDULE OF EXPENSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0545402
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578611
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0168733
IRS990/TotalLiabilitiesGrp/BOYAmt0174640
IRS990/TotalLiabilitiesGrp/EOYAmt0168733
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-141402
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IRS990/TotalReportableCompFromOrgAmt030759
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0573278
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038571
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027331
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0174640
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0168733
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA M WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02033946688
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VILLAGE INITIATIVE PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0VILL
ReturnHeader/Filer/EIN0061624821
ReturnHeader/Filer/InCareOfNm0% TERESA M WILSON
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 LAFAYTTE BLVD STE 408
ReturnHeader/Filer/USAddress/CityNm0Bridgeport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006604
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAMUEL N WILSON JR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 LAFAYETTE BLVD STE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bridgeport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006604
ReturnHeader/PreparerPersonGrp/PhoneNum02033686086
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAMUEL N WILSON JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-23T12:29:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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