Civic Intelligence

Soul Friends Inc

EIN 43-1986520 • 501(c)3 • Wallingford, CT

Profile

To enhance therapy through the healing benefits of the human-animal bond.

300 Church St Ste 105Wallingford, CT 06492

n/A

Siviq Scores

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

Liabilities / Assets

79th percentile

0.10x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

7.8%

Higher net margin than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$5,710

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

89%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

69%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$63,310

Up $29,782 (+89%) from 2023

Liabilities

Up

$6,423

Up $4,923 (+328%) from 2023

Net Assets

Up

$56,887

Up $24,859 (+78%) from 2023

Revenue

Up

$320,064

Up $130,419 (+69%) from 2023

Expenses

Up

$295,205

Up $108,244 (+58%) from 2023

Net Income

Up

$24,859

Up $22,175 (+826%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $47,355Liabilities 2011: $2,5002011Assets 2012: $48,932Liabilities 2012: $02012Assets 2013: $53,835Net Assets 2013: $53,8352013Assets 2014: $36,532Liabilities 2014: $02014Assets 2015: $31,074Liabilities 2015: $02015Assets 2016: $21,778Net Assets 2016: $21,7782016Assets 2017: $28,374Liabilities 2017: $900Net Assets 2017: $27,4742017Assets 2018: $19,124Liabilities 2018: $4,025Net Assets 2018: $15,0992018Assets 2019: $21,094Liabilities 2019: $3,041Net Assets 2019: $18,0532019Assets 2020: $46,167Liabilities 2020: $2,286Net Assets 2020: $43,8812020Assets 2021: $33,931Liabilities 2021: $2,648Net Assets 2021: $31,2832021Assets 2022: $31,274Liabilities 2022: $1,930Net Assets 2022: $29,3442022Assets 2023: $33,528Liabilities 2023: $1,500Net Assets 2023: $32,0282023Assets 2024: $63,310Liabilities 2024: $6,423Net Assets 2024: $56,8872024

Highlighted filing

2024

Assets$63,310
Liabilities$6,423
Net Assets$56,887

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $78,128Expenses 2011: $86,112Net Income 2011: -$7,9842011Revenue 2012: $84,134Expenses 2012: $80,060Net Income 2012: $4,0742012Revenue 2013: $103,589Expenses 2013: $98,685Net Income 2013: $4,9042013Revenue 2014: $85,493Expenses 2014: $102,795Net Income 2014: -$17,3022014Revenue 2015: $124,017Expenses 2015: $129,476Net Income 2015: -$5,4592015Revenue 2016: $105,716Expenses 2016: $115,012Net Income 2016: -$9,2962016Revenue 2017: $103,618Expenses 2017: $97,921Net Income 2017: $5,6972017Revenue 2018: $81,058Expenses 2018: $93,435Net Income 2018: -$12,3772018Revenue 2019: $107,535Expenses 2019: $104,584Net Income 2019: $2,9512019Revenue 2020: $137,696Expenses 2020: $111,868Net Income 2020: $25,8282020Revenue 2021: $180,448Expenses 2021: $193,046Net Income 2021: -$12,5982021Revenue 2022: $244,829Expenses 2022: $246,768Net Income 2022: -$1,9392022Revenue 2023: $189,645Expenses 2023: $186,961Net Income 2023: $2,6842023Revenue 2024: $320,064Expenses 2024: $295,205Net Income 2024: $24,8592024

Highlighted filing

2024

Revenue$320,064
Expenses$295,205
Net Income$24,859

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$3.20$2.95$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.02$0.32$1.90$1.87$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.02$0.29$2.45$2.47$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.03$0.31$1.80$1.93$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.02$0.44$1.38$1.12$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.03$0.18$1.08$1.05$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.04$0.15$0.81$0.93$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$1.04$0.98$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.22$1.06$1.15$0.09
2015Summary only. Only limited summary data is available for this year.$0.31$0.00$1.24$1.29$0.05
2014Summary only. Only limited summary data is available for this year.$0.37$0.00$0.85$1.03$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.54$1.04$0.99$0.05
2012Summary only. Only limited summary data is available for this year.$0.49$0.00$0.84$0.80$0.04
2011Summary only. Only limited summary data is available for this year.$0.47$0.03$0.78$0.86$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 28, 2025
Return Version
2024v5.2
Gross Receipts
$320,064
Mission and Program Overview

Mission

To enhance therapy through the healing benefits of the human-animal bond.

to provide innovative clinical and educational programs that promote the healing benefits of the human-animal bond in animal assisted psychotherapy programs, nature therapy and humane education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$33,528$63,310▲ $29,782
Loans From Officers Directors$1,500--
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$33,528$63,310▲ $29,782
Other Assets Total-$0-
Liabilities
Other Liabilities-$6,423-
Total Liabilities$1,500$6,423▲ $4,923
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,028$56,887▲ $24,859
Total Net Assets Fund Balance$32,028$56,887▲ $24,859
Total Liabilities and Net Assets / Fund Balance$33,528$63,310▲ $29,782
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate NicollCEOPT$5,556$154$5,710
Riley O'ConnellExecutive DirectorPT$1,600-$1,600

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Resilient MindsClinical & Administrative632 Ashley Court, Cheshire, CT 06410$42,278
-Clinical185 Turkey Hills Road APT 81, East Granby, CT 06676$8,221
Revenue and Support

Revenue Composition

Contributions and Grants
$55,904
Program Service Revenue
$264,160
Investment Income
$0
Other Revenue
$0
All Other Contributions
$55,904
Change in Net Assets
$24,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,289
Other Expenses$124,916
Total Fundraising Expense$5,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,392$32,518$3,613$144,523
Fees for Services Other$63,495$209$23$58,417
Office Expenses$12,620$3,785$421$16,826
Payroll Taxes$11,392$3,417$380$15,189
Occupancy$9,014$2,704$300$12,018
Other Employee Benefits$7,817$2,345$261$10,423
Fees for Services Accounting$3,389$1,016$113$4,518
Insurance$2,817$845$94$3,756
Information Technology$2,082$625$69$2,776
All Other Expenses$1,021$233$25$1,279
Advertising$719$215$24$958
Other Expenses$868$320$36$868
Current Officers, Directors, Trustees, and Key Employees---$154
Total Functional Expenses$246,770$48,232$5,359$295,205
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,500--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability$9,708
Payroll Liabilities$-3,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The Board Chair's spouse being a part-time clinical social worker can present potential conflicts of interest or dual relationships within the organization. To address this, strict policies have been established to manage and disclose such relationships, ensuring transparency, ethical conduct, and confidentiality. These policies serve to protect the interests of all parties involved, maintain professional boundaries, and uphold the integrity of the organization's operations.

Form 990, Part VI, Section B, Line 11B

The draft was reviewed during the board meeting for the upcoming program service description to be included in our nonprofit's 990 form. The board members provided valuable feedback and suggestions to ensure that the content accurately reflects the organization's mission and activities. The collaborative discussion focused on refining the language to clearly convey the impact of our programs and services to stakeholders and the community. The board's input will be incorporated into the final version of the program service description to be submitted with our Form 990.

Form 990, Part VI, Section B, Line 12C

The Board of Directors mandates self-reporting to ensure adherence to regulations and internal policies. This process entails individuals within the organization providing detailed accounts of their activities, ensuring transparency and accountability. Self-reporting enables the Board to monitor operations effectively, identify any potential issues early on, and take appropriate corrective actions promptly. It also fosters a culture of responsibility and integrity within the organization, promoting ethical conduct and regulatory compliance across all levels.

Form 990, Part VI, Section B, Line 15B

The executive director's compensation was thoroughly reviewed and approved during a board meeting. This process involved a comprehensive investigation into local salary benchmarks and benefits for executive directors in similar organizations. The board ensured that the executive director's compensation package aligns with industry standards and reflects the responsibilities and impact of the role within our nonprofit.

Form 990, Part VI, Section C, Line 18

Upon request, we provide detailed financial information and reports to funders and invested organizations to ensure transparency and accountability in our operations. This allows our stakeholders to make informed decisions and understand how their contributions are utilized to further our mission and support our programs. Tax990 -

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Soul Friends Inc
EIN
43-1986520
Phone
2035106926
Address
300 Church St Ste 105, Wallingford, CT 06492

Signing Officer

Name
Kate Nicoll
Title
President & CEO
Signed
2025-11-28
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Voting Board Members
8
Independent Board Members
7
Employees
0

Preparer

Firm
Austin D McAnneny
Address
16 Sunrise Circ, Wallingford, CT 06492
Preparer
Austin McAnneny
Phone
2036315042
Raw XML AppendixShowing 400 of 472 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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IRS990/MissionDesc0to provide innovative clinical and educational programs that promote the healing benefits of the human-animal bond in animal assisted psychotherapy programs, nature therapy and humane education.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board Chair's spouse being a part-time clinical social worker can present potential conflicts of interest or dual relationships within the organization. To address this, strict policies have been established to manage and disclose such relationships, ensuring transparency, ethical conduct, and confidentiality. These policies serve to protect the interests of all parties involved, maintain professional boundaries, and uphold the integrity of the organization's operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The draft was reviewed during the board meeting for the upcoming program service description to be included in our nonprofit's 990 form. The board members provided valuable feedback and suggestions to ensure that the content accurately reflects the organization's mission and activities. The collaborative discussion focused on refining the language to clearly convey the impact of our programs and services to stakeholders and the community. The board's input will be incorporated into the final version of the program service description to be submitted with our Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors mandates self-reporting to ensure adherence to regulations and internal policies. This process entails individuals within the organization providing detailed accounts of their activities, ensuring transparency and accountability. Self-reporting enables the Board to monitor operations effectively, identify any potential issues early on, and take appropriate corrective actions promptly. It also fosters a culture of responsibility and integrity within the organization, promoting ethical conduct and regulatory compliance across all levels.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive director's compensation was thoroughly reviewed and approved during a board meeting. This process involved a comprehensive investigation into local salary benchmarks and benefits for executive directors in similar organizations. The board ensured that the executive director's compensation package aligns with industry standards and reflects the responsibilities and impact of the role within our nonprofit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request, we provide detailed financial information and reports to funders and invested organizations to ensure transparency and accountability in our operations. This allows our stakeholders to make informed decisions and understand how their contributions are utilized to further our mission and support our programs. Tax990 -
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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