Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
81st percentile
Faster asset growth than 81% of similar nonprofits.
Revenue Growth
62nd percentile
Faster revenue growth than 62% of similar nonprofits.
Balance Sheet
Assets
Up$179,899
Up $65,130 (+57%) from 2019
Net Assets
Up$179,899
Up $65,130 (+57%) from 2019
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$100,000
Down $2,050 (-2.0%) from 2019
Expenses
Up$34,870
Up $30,553 (+708%) from 2019
Net Income
Down$65,130
Down $32,603 (-33%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Sep 15, 2022
- Return Version
- 2020v4.0
- Gross Receipts
- $100,000
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PUBLICATIONS AND LECTURES PRESENTED TO THE PUBLIC TO EXPLORE THE CULTURAL AND INTELLECTUAL DIMENSIONS OF THE CATHOLIC FAITH. | - | $32,070 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PETER BUDNIK | Trustee - Ch | PT | $0 | - | - |
| JOYCE CAFARO | Treasurer | - | $0 | - | - |
| REV JOSEPH W KOTERSKI SJ | Trustee | - | $0 | - | - |
| JOHN HENRY CROSBY | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Wethersfield Institute for Catholic
- EIN
- 82-2591661
- Phone
- 8453738037
- Address
- 257 PUGSLEY HILL ROAD, AMENIA, NY 12501
Signing Officer
- Name
- Peter Budnik
- Title
- Trustee - Chairman
- Phone
- 7328047529
- Signed
- 2022-09-15
Preparer
- Firm
- Morabito & Company
- Address
- 2 DOVER COURT, ROCHESTER, NY 14624
- Preparer
- Anthony J Morabito CPA
- Phone
- 5854297759
Supplemental Narrative
Additional Explanations
Form 990-ez, Page 1, Item B
“Organization is amending form 990-ez to capitalize publication costs of 27,173 into book inventory. The costs were incorrectly expensed on the originally filed form 990-ez. The beginning balance of the book inventory was 21,000, therefore, the unadjusted balance of the book inventory was 48,173 before the following adjustments. Inventory was then reduced by 4,817 to expense 100 promotional books distributed for free. The organization plans to sell the remaining 900 books at 35 each which amounts to 31,500, therefore an inventory impairment expense of 11,856 was recorded to reduce book inventory to net realizable value.”
Form 990-ez, Part I, Line 16
“Expenses speaker fees 10,000 promotional expenses 9,817 inventory impairment exp 11,856 advertising 397 filing fees 100 total 32,170”
Form 990-ez, Part II, Line 24
“Prepaid expenses and deferred charges 31,000 31,500 total 31,000 31,500”
Form 990-ez, Part III
“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.”
Raw XML Appendix149 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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|---|---|---|
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| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | JOYCE CAFARO |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | REV JOSEPH W KOTERSKI SJ |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | JOHN HENRY CROSBY |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AmendedReturnInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | PETER BUDNIK |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8453738037 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 257 PUGSLEY HILL ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | AMENIA |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 12501 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 83769 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 148399 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 100000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 65130 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2700 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 114769 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 179899 |
| IRS990EZ/GrossReceiptsAmt | 0 | 100000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 114769 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 179899 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 114769 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 179899 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | PETER BUDNIK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOYCE CAFARO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | REV JOSEPH W KOTERSKI SJ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOHN HENRY CROSBY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE - CH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 31000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 31500 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 32170 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PUBLICATIONS AND LECTURES PRESENTED TO THE PUBLIC TO EXPLORE THE CULTURAL AND INTELLECTUAL DIMENSIONS OF THE CATHOLIC FAITH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 32070 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 34870 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 32070 |
| IRS990EZ/TotalRevenueAmt | 0 | 100000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 47000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 53000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 100000 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 100000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 102050 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 57000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 259050 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3619 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 3619 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 162669 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 47000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 53000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 100000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 100000 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 102050 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 60619 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 262669 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 100000 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 102050 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 60619 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 262669 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ORGANIZATION IS AMENDING FORM 990-EZ TO CAPITALIZE PUBLICATION COSTS OF 27,173 INTO BOOK INVENTORY. THE COSTS WERE INCORRECTLY EXPENSED ON THE ORIGINALLY FILED FORM 990-EZ. THE BEGINNING BALANCE OF THE BOOK INVENTORY WAS 21,000, THEREFORE, THE UNADJUSTED BALANCE OF THE BOOK INVENTORY WAS 48,173 BEFORE THE FOLLOWING ADJUSTMENTS. INVENTORY WAS THEN REDUCED BY 4,817 TO EXPENSE 100 PROMOTIONAL BOOKS DISTRIBUTED FOR FREE. THE ORGANIZATION PLANS TO SELL THE REMAINING 900 BOOKS AT 35 EACH WHICH AMOUNTS TO 31,500, THEREFORE AN INVENTORY IMPAIRMENT EXPENSE OF 11,856 WAS RECORDED TO REDUCE BOOK INVENTORY TO NET REALIZABLE VALUE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES SPEAKER FEES 10,000 PROMOTIONAL EXPENSES 9,817 INVENTORY IMPAIRMENT EXP 11,856 ADVERTISING 397 FILING FEES 100 TOTAL 32,170 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PREPAID EXPENSES AND DEFERRED CHARGES 31,000 31,500 TOTAL 31,000 31,500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PAGE 1, ITEM B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PETER BUDNIK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE - CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7328047529 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-09-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WETHERSFIELD INSTITUTE FOR CATHOLIC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | THOUGHT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WETH |
| ReturnHeader/Filer/EIN | 0 | 822591661 |
| ReturnHeader/Filer/PhoneNum | 0 | 8453738037 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 257 PUGSLEY HILL ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | AMENIA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 12501 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 200535748 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MORABITO & COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2 DOVER COURT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ROCHESTER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 14624 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5854297759 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-09-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ANTHONY J MORABITO CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2022-09-18T14:22:07-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | PETER |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BUDNIK |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $179,899
- Liabilities
- -
- Net assets
- $179,899
- Revenue
- $100,000
- Expenses
- $34,870
- Net income
- $65,130