Civic Intelligence

Wise Counsel Research Inc.

990EZ • Fiscal year 2021 • EIN 26-3731176

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 06, 2023

76 Canton AvenueMilton, MA 02186

(614) 462-9297

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

4th percentile

-290%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$80,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 383.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

3rd percentile

-98%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

1320%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,135

Down $60,454 (-98%) from 2020

Net Assets

Down

$1,135

Down $60,454 (-98%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$20,879

Up $19,409 (+1320%) from 2020

Expenses

Up

$81,333

Up $81,261 (+112863%) from 2020

Net Income

Down

-$60,454

Down $61,852 (-4424%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $5,706Net Assets 2012: $5,7062012Assets 2013: $67,458Liabilities 2013: $0Net Assets 2013: $67,4582013Assets 2015: $150,347Liabilities 2015: $0Net Assets 2015: $150,3472015Assets 2016: $147,805Liabilities 2016: $0Net Assets 2016: $147,8052016Assets 2017: $132,517Liabilities 2017: $0Net Assets 2017: $132,5172017Assets 2018: $63,298Liabilities 2018: $0Net Assets 2018: $63,2982018Assets 2019: $60,191Liabilities 2019: $0Net Assets 2019: $60,1912019Assets 2020: $61,589Liabilities 2020: $0Net Assets 2020: $61,5892020Assets 2021: $1,135Liabilities 2021: $0Net Assets 2021: $1,1352021Assets 2022: $22,294Liabilities 2022: $0Net Assets 2022: $22,2942022Assets 2023: $20,340Liabilities 2023: $0Net Assets 2023: $20,3402023Assets 2024: $22,187Liabilities 2024: $0Net Assets 2024: $22,1872024

Highlighted filing

2021

Assets$1,135
Liabilities$0
Net Assets$1,135

Operations Trend

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

$200K$100K$0-$100KExpenses 2012: $2,1502012Revenue 2013: $63,109Expenses 2013: $1,357Net Income 2013: $61,7522013Revenue 2015: $170,418Expenses 2015: $151,412Net Income 2015: $19,0062015Revenue 2016: $88,620Expenses 2016: $91,162Net Income 2016: -$2,5422016Revenue 2017: $72,118Expenses 2017: $87,406Net Income 2017: -$15,2882017Revenue 2018: $26,641Expenses 2018: $95,860Net Income 2018: -$69,2192018Revenue 2019: $2,062Expenses 2019: $5,169Net Income 2019: -$3,1072019Revenue 2020: $1,470Expenses 2020: $72Net Income 2020: $1,3982020Revenue 2021: $20,879Expenses 2021: $81,333Net Income 2021: -$60,4542021Revenue 2022: $21,258Expenses 2022: $99Net Income 2022: $21,1592022Revenue 2023: $366Expenses 2023: $2,320Net Income 2023: -$1,9542023Revenue 2024: $1,847Expenses 2024: $0Net Income 2024: $1,8472024

Highlighted filing

2021

Revenue$20,879
Expenses$81,333
Net Income-$60,454
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 6, 2023
Return Version
2021v4.2
Gross Receipts
$20,879
Mission and Program Overview

Mission

The primary purpose of wise counsel research is to understand and share knowledge about the role of wisdom in contemporary life by conducting original scientific research, disseminating findings, hosting educational events, and organizaing sponsored competition to discover and share contemporary examples of wise counsel.

The primary purpose of wise counsel research is to understand and share knowledge about the role of wisdom in contemporary life by conducting original scientific research, disseminating findings, hosting educational events, and organizing sponsored competition to discover and share contemporary examples of wise counsel.

Program Services

DescriptionGrantsExpenses
IN 2021 WISE COUNSEL RESEARCH (WCR) CONTINUED TO STUDY AND PUBLISH RESEARCH ON THE IMPACT OF FINANCIAL WEALTH ON INDIVIDUALS, FAMILIES, AND COMMUNITIES. MEMBERS OF WCR PRESENTED RESULTS FROM OUR FLAGSHIP RESEARCH,'THE 100-YEAR FAMILIES STUDY,' IN SUCH FORUMS AS THE FAMILY OFFICE EXCHANGE, TIGER21, KORE VENTURES, THE FAMILY FIRM ISTITUTE, AND TO VARIOUS PROFESSIONAL, ACADEMIC, AND FINANCIAL AUDIENCES. WCR'S PRESIDENT, DR. KEITH WHITAKER, PUBLISHED ACCOUNTS OF WCR'S FINDINGS IN PUBLICATIONS RELATED TO THE NATIONAL ASSOCIATION OF SCHOLARS AND WAS CITED BY A VARIETY OF NATIONAL AND INTERNATIONAL MEDIA. MEMBERS OF WCR ALSO USED 2021 TO CREATE A NETWORK OF RELATED SCHOLARS AND PRACTITIONERS TO PREPARE A FORTHCOMING VOLUME OF ESSAYS THAT BUILDS UPON OUR 2018 PUBLICATION, 'WEALTH OF WISDOM: THE TOP 50 QUESTIONS WEALTHY FAMILIES ASK.'"$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEITH WHITAKERPresidentPT$80,000-$80,000
JAMES E HUGHESDirector-$0--
KEITH WHITAKERDirector-$0--
SUSAN MASSENZIODirector-$0--
KEITH WHITAKERTreasurer-$0--
KEITH WHITAKERClerk-$0--
SUSAN MASSENZIOCEOPT$0--
Filing and Contact Details

Filer

Filer Name
Wise Counsel Research Inc
EIN
26-3731176
Phone
6144629297
Address
76 CANTON AVENUE, MILTON, MA 02186

Signing Officer

Name
Keith Whitaker
Title
President
Phone
6144629297
Signed
2023-07-06
Discuss with paid preparer
Yes

Preparer

Firm
Nystedt & Fletcher Pllc
Address
4562 N 1ST AVENUE - SUITE 100, TUCSON, AZ 85718
Preparer
Bradley Jon Nystedt
Phone
5208813900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: book sales. Amount: 879.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: massachusetts annual report filing fee. Amount: 54. Description: misc fees. Amount: 64. Total to form 990-ez, line 16: 118.

Amended Return Changes to Form 990-ez, Schedule A,part II

The changes made on this amended return are explained below. A $20000 contribution in 2021 was improperly included on schedule a, identification of excess contributions, included on part ii, line 5. The $20000 contribution was from a 501(c)(3) publicly supported charity and should not have been subjected to the 2% test. The $20000 contribution has been removed from schedule a, the excess contribution list. The change above altered schedule a, part ii, section a, lines 5 and 6 and such are updated on this amended return schedule a, part ii, section c, line 14 changed from 10.04% to 25.42% due to the changes above. Schedule a, part vi was updated to reflect the change of the public support percentage from 10.04% to 25.42%

Raw XML Appendix179 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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IRS990EZ/PrimaryExemptPurposeTxt0THE PRIMARY PURPOSE OF WISE COUNSEL RESEARCH IS TO UNDERSTAND AND SHARE KNOWLEDGE ABOUT THE ROLE OF WISDOM IN CONTEMPORARY LIFE BY CONDUCTING ORIGINAL SCIENTIFIC RESEARCH, DISSEMINATING FINDINGS, HOSTING EDUCATIONAL EVENTS, AND ORGANIZING SPONSORED COMPETITION TO DISCOVER AND SHARE CONTEMPORARY EXAMPLES OF WISE COUNSEL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IN 2021 WISE COUNSEL RESEARCH (WCR) CONTINUED TO STUDY AND PUBLISH RESEARCH ON THE IMPACT OF FINANCIAL WEALTH ON INDIVIDUALS, FAMILIES, AND COMMUNITIES. MEMBERS OF WCR PRESENTED RESULTS FROM OUR FLAGSHIP RESEARCH,'THE 100-YEAR FAMILIES STUDY,' IN SUCH FORUMS AS THE FAMILY OFFICE EXCHANGE, TIGER21, KORE VENTURES, THE FAMILY FIRM ISTITUTE, AND TO VARIOUS PROFESSIONAL, ACADEMIC, AND FINANCIAL AUDIENCES. WCR'S PRESIDENT, DR. KEITH WHITAKER, PUBLISHED ACCOUNTS OF WCR'S FINDINGS IN PUBLICATIONS RELATED TO THE NATIONAL ASSOCIATION OF SCHOLARS AND WAS CITED BY A VARIETY OF NATIONAL AND INTERNATIONAL MEDIA. MEMBERS OF WCR ALSO USED 2021 TO CREATE A NETWORK OF RELATED SCHOLARS AND PRACTITIONERS TO PREPARE A FORTHCOMING VOLUME OF ESSAYS THAT BUILDS UPON OUR 2018 PUBLICATION, 'WEALTH OF WISDOM: THE TOP 50 QUESTIONS WEALTHY FAMILIES ASK.'"
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0WISE COUNSEL RESEARCH, INC. IS A PUBLICLY SUPPORTED ORGANIZATION. ITMAINTAINS A PROGRAM FOR SOLICIATION OF FUNDS FROM THE PUBLIC AND COMMUNITYAND ITS ACTIVITIES ARE DESIGNED TO ATTRACT SUPPORT FROM PUBLIC CHARITIES.ITS PUBLIC SUPPORT PERCENTAGE IS 25.42%, ABOVE THE 10% THRESHOLD. THETHINK TANK PERFORMS RESEARCH AND HAS BEEN IN EXISTENCE FOR 13 YEARS. ITPRODUCES EDUCATIONAL WORK THAT ADDRESSES FAMILY WEALTH, ENTERPRISE, ANDPHILANTHROPY, WHICH APPEALS TO A GREAT NUMBER OF PEOPLE AND COMMUNITIES.ITS GOVERNING BODY REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, AS IT ISMADE UP OF PEOPLE WHO HAVE SPECIAL KNOWLEDGE AND EXPERTISE IN THEORGANIZATION'S FOCUSES. THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TOTHE PUBLIC THROUGH THE DISTRIBUTION OF EDUCATIONAL MATERIALS AND ITPUBLISHES SCHOLARLY STUDIES THAT ARE AVAILABLE ON THE INTERNET.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BOOK SALES. AMOUNT: 879.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MASSACHUSETTS ANNUAL REPORT FILING FEE. AMOUNT: 54. DESCRIPTION: MISC FEES. AMOUNT: 64. TOTAL TO FORM 990-EZ, LINE 16: 118.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHANGES MADE ON THIS AMENDED RETURN ARE EXPLAINED BELOW. A $20000 CONTRIBUTION IN 2021 WAS IMPROPERLY INCLUDED ON SCHEDULE A, IDENTIFICATION OF EXCESS CONTRIBUTIONS, INCLUDED ON PART II, LINE 5. THE $20000 CONTRIBUTION WAS FROM A 501(C)(3) PUBLICLY SUPPORTED CHARITY AND SHOULD NOT HAVE BEEN SUBJECTED TO THE 2% TEST. THE $20000 CONTRIBUTION HAS BEEN REMOVED FROM SCHEDULE A, THE EXCESS CONTRIBUTION LIST. THE CHANGE ABOVE ALTERED SCHEDULE A, PART II, SECTION A, LINES 5 AND 6 AND SUCH ARE UPDATED ON THIS AMENDED RETURN SCHEDULE A, PART II, SECTION C, LINE 14 CHANGED FROM 10.04% TO 25.42% DUE TO THE CHANGES ABOVE. SCHEDULE A, PART VI WAS UPDATED TO REFLECT THE CHANGE OF THE PUBLIC SUPPORT PERCENTAGE FROM 10.04% TO 25.42%
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2AMENDED RETURN CHANGES TO FORM 990-EZ, SCHEDULE A,PART II
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