Civic Intelligence

Veritas Catholic Network Inc.

990EZ • Fiscal year 2018 • EIN 82-2807737

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.VERITASCATHOLIC.COM
P O Box 861Georgetown, CT 06829

(203) 249-8421

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

$43,445

No earlier filing loaded for comparison.

Net Assets

$43,445

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin97th percentile

Revenue

$53,830

No earlier filing loaded for comparison.

Expenses

$10,385

No earlier filing loaded for comparison.

Net Income

$43,445

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2018: $43,445Liabilities 2018: $0Net Assets 2018: $43,4452018Assets 2020: $351,192Liabilities 2020: $77,373Net Assets 2020: $273,8192020Assets 2021: $327,989Liabilities 2021: $38,233Net Assets 2021: $289,7562021Assets 2022: $335,485Liabilities 2022: $11,666Net Assets 2022: $323,8192022Assets 2023: $302,033Liabilities 2023: $0Net Assets 2023: $302,0332023Assets 2024: $333,788Liabilities 2024: $0Net Assets 2024: $333,7882024

Highlighted filing

2018

Assets$43,445
Liabilities$0
Net Assets$43,445
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2018: $53,830Expenses 2018: $10,385Net Income 2018: $43,4452018Revenue 2020: $236,127Expenses 2020: $227,976Net Income 2020: $8,1512020Revenue 2021: $252,571Expenses 2021: $236,634Net Income 2021: $15,9372021Revenue 2022: $379,634Expenses 2022: $345,571Net Income 2022: $34,0632022Revenue 2023: $279,296Expenses 2023: $301,082Net Income 2023: -$21,7862023Revenue 2024: $404,038Expenses 2024: $372,283Net Income 2024: $31,7552024

Highlighted filing

2018

Revenue$53,830
Expenses$10,385
Net Income$43,445
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$53,830
Mission and Program Overview

Mission

The mission of the veritas catholic network is to share the truth of the gospel and fullness of the catholic faith by broadcasting faithful and entertaining programs on multiple media platforms including radio, mobile, social networking, and through community engagement.

The mission of veritas catholic network is to share the truth of the gospel and fullness of the catholic faith by broadcasting faithful and entertaining programs on multiple media platforms including radio, mobile, social networking, and through community engagement.

Program Services

DescriptionGrantsExpenses
ESTABLISHING THE ENTITY AND LAYING THE GROUND WORK FOR RADIO BROADCASTS AT WNLK-AM 1350 AND FM 103.9.$0$10,385
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE LEEPresidentPT$0--
JOHN MITCHELLDirector-$0--
BISHOP FRANK CAGGIANODirector-$0--
PATRICK EGANDirector-$0--
CHRIS LEEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Veritas Catholic Network Inc
EIN
82-2807737
Phone
2032498421
Address
P O BOX 861, GEORGETOWN, CT 06829

Signing Officer

Name
Steve Lee
Title
President
Phone
2032498421
Signed
2019-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Beers Hamerman Cohen & Burger Pc
Address
ONE POST ROAD, FAIRFIELD, CT 06824-6241
Preparer
Sharon Brune
Phone
2033332228
Supplemental Narrative

Additional Explanations

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

“Description: business registration fees. Amount: 670. Description: supplies. Amount: 1,840. Description: travel and meetings. Amount: 1,512. Total to form 990-ez, line 16: 4,022.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: escrow. Beg. Of year amount: 0. End of year amount: 30,500. Description: acquistion costs. Beg. Of year amount: 0. End of year amount: 1,510.”

Raw XML Appendix157 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/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF VERITAS CATHOLIC NETWORK IS TO SHARE THE TRUTH OF THE GOSPEL AND FULLNESS OF THE CATHOLIC FAITH BY BROADCASTING FAITHFUL AND ENTERTAINING PROGRAMS ON MULTIPLE MEDIA PLATFORMS INCLUDING RADIO, MOBILE, SOCIAL NETWORKING, AND THROUGH COMMUNITY ENGAGEMENT.
IRS990EZ/PrintingPublicationsPostageAmt01254
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,445
Liabilities
$0
Net assets
$43,445
Revenue
$53,830
Expenses
$10,385
Net income
$43,445
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.00$3.34$4.04$3.72$0.32
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$2.79$3.01$0.22
2022Detailed filing. Detailed filing data is available for this year.$3.35$0.12$3.24$3.80$3.46$0.34
2021Detailed filing. Detailed filing data is available for this year.$3.28$0.38$2.90$2.53$2.37$0.16
2020Detailed filing. Detailed filing data is available for this year.$3.51$0.77$2.74$2.36$2.28$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.54$0.10$0.43