Civic Intelligence

Wethersfield Institute for Catholic

EIN 82-2591661 • 501(c)3 • Glendale, WI

Profile

To study and promote a clear understanding of catholic teaching and practice, and to explore the cultural and intellectual dimensions of the catholic faith, but in all events for charitable, scientific and educational purposes.

5680 N Sunny Point RdGlendale, WI 53209-4439

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

1.2%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $368,872 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $368,872 (-100%) from 2022

Revenue

Up

$101,181

Up $1,181 (+1.2%) from 2022

Expenses

Up

$101,181

Up $94,318 (+1374%) from 2022

Net Income

Down

$0

Down $93,137 (-100%) from 2022

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $29,399Liabilities 2018: $12,363Net Assets 2018: $17,0362018Assets 2019: $114,769Net Assets 2019: $114,7692019Assets 2020: $179,899Net Assets 2020: $179,8992020Assets 2021: $275,735Net Assets 2021: $275,7352021Assets 2022: $368,872Liabilities 2022: $0Net Assets 2022: $368,8722022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$150K$100K$50K$0Revenue 2018: $60,619Expenses 2018: $43,583Net Income 2018: $17,0362018Revenue 2019: $102,050Expenses 2019: $4,317Net Income 2019: $97,7332019Revenue 2020: $100,000Expenses 2020: $34,870Net Income 2020: $65,1302020Revenue 2021: $100,000Expenses 2021: $4,164Net Income 2021: $95,8362021Revenue 2022: $100,000Expenses 2022: $6,863Net Income 2022: $93,1372022Revenue 2023: $101,181Expenses 2023: $101,181Net Income 2023: $02023

Highlighted filing

2023

Revenue$101,181
Expenses$101,181
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 8, 2024
Return Version
2023v4.0
Mission and Program Overview

Mission

To study and promote a clear understanding of catholic teaching and practice, and to explore the cultural and intellectual dimensions of the catholic faith, but in all events for charitable, scientific and educational purposes.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PETER BUDNIKChairmanPT$0--
JOHN HENRY CROSBYTreasurer-$0--
PAUL MONSONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Wethersfield Institute for Catholic
EIN
82-2591661
Address
5680 N SUNNY POINT RD, GLENDALE, WI 53209-4439

Signing Officer

Name
Peter Budnik
Title
Chairman
Phone
8457976855
Signed
2024-02-08
Discuss with paid preparer
Yes

Preparer

Firm
Morabito & Company
Address
2 DOVER COURT, ROCHESTER, NY 14624
Preparer
Anthony J Morabito CPA
Phone
5854297759
Raw XML Appendix221 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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LiquidationExplanationStmt/ExplanationTxt0THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS DURING THE CURRENT TAX YEAR. WETHERSFIELD INSTITUTE FOR CATHOLIC THOUGHT, INC. MERGED INTO WETHERSFIELD INSTITUTE, 5680 N SUNNY POINT RD, GLENDALE, WI 53209, A NEW YORK NOT-FOR- PROFIT CORPORATION EFFECTIVE AUGUST 21, 2023 UPON APPROVAL OF THE ATTORNEY GENERAL OF THE STATE OF NEW YORK (CERTIFICATE OF MERGER ATTACHED). WETHERSFIELD INSTITUTE IS EXEMPT FROM TAXES UNDER IRC SEC. 501 (C)(3) AND IS CLASSIFED AS A PUBLIC CHARITY UNDER IRC SEC. 509(A)(2). UPON THE APPROVAL OF THE MERGER AND DURING ITS WINDING UP PHASE, WETHERSFIELD INSTITUTE FOR CATHOLIC THOUGHT, INC. TRANSFERRED 100% OF ITS ASSETS TO WETHERSFIELD INSTITUTE WHICH CONSISTED OF CASH IN THE AMOUNT OF 339,052.25 AND AN INVENTORY OF BOOKS (PUBLICATIONS) WITH A FAIR MARKET VALUE AND COST BASIS OF 29,820.
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