Civic Intelligence

Catholic Parish Initiatives Inc

EIN 92-2991879 • 501(c)3 • Greenwich, CT

Profile

CHARITY

12 St Roch AveGreenwich, CT 06830
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

94th percentile

72%

Higher net margin than 94% of similar nonprofits.

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

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 2024

Asset Growth

87th percentile

58%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

34th percentile

-19%

Faster revenue growth than 34% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$81,089

Up $29,690 (+58%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$81,089

Up $29,690 (+58%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin94th percentile

Revenue

Down

$41,501

Down $9,898 (-19%) from 2023

Expenses

Up

$11,811

Up $11,811 from 2023

Net Income

Down

$29,690

Down $21,709 (-42%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$100K$50K$0Assets 2023: $51,399Liabilities 2023: $0Net Assets 2023: $51,3992023Assets 2024: $81,089Liabilities 2024: $0Net Assets 2024: $81,0892024

Highlighted filing

2024

Assets$81,089
Liabilities$0
Net Assets$81,089
Open 2024 Filing

Operations Trend

Revenue Growth34th percentile

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

$60K$40K$20K$0Revenue 2023: $51,399Expenses 2023: $0Net Income 2023: $51,3992023Revenue 2024: $41,501Expenses 2024: $11,811Net Income 2024: $29,6902024

Highlighted filing

2024

Revenue$41,501
Expenses$11,811
Net Income$29,690
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$81,089
Liabilities
$0
Net assets
$81,089
Revenue
$41,501
Expenses
$11,811
Net income
$29,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.1$0.00$81.1$41.5$11.8$29.7
2023Detailed filing. Detailed filing data is available for this year.$51.4$0.00$51.4$51.4$0.00$51.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.2
Gross Receipts
$373,224
Mission and Program Overview

Mission

CHARITY

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,399$81,089▲ $29,690
Total Assets$51,399$81,089▲ $29,690
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$51,399$81,089▲ $29,690
Total Net Assets Fund Balance$51,399$81,089▲ $29,690
Total Liabilities and Net Assets / Fund Balance$51,399$81,089▲ $29,690
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Paul CappialiChairman
Juan J EstevesCleric Director 2
Frank CorteseDirector
Anthony J MedicoSecretary
Peter MaloneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$41,501
Change in Net Assets
$29,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$5,000-$5,000
Other Expenses$1,225$1,253-$2,478
Conferences and Meetings$1,289--$1,289
Fees for Services Legal-$380-$380
Fees for Services Other-$89-$89
Total Functional Expenses$2,514$9,297$0$11,811
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$272,889
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“YES”

CEO executive director top management comp Part VI line 15A

“YES”

Other officer or key employee compensation Part VI line 15B

“YES”

Form 990 availability to public Part VI line 18

“YES”

Governing documents etc available to public Part VI line 19

“YES”

Filing and Contact Details

Filer

Filer Name
Catholic Parish Initiatives Inc
EIN
92-2991879
In Care Of
% PAUL CAPPIALI
Phone
9178487902
Address
12 St Roch Ave, Greenwich, CT 06830

Signing Officer

Name
Paul Cappiali
Title
Chairman
Phone
9178487902
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
Nikman CPA Pc
Address
2 OVERHILL ROAD SUITE 400, Scarsdale, NY 10583
Preparer
Arman Nikman
Phone
9147138310
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“The organization conducted raffle-based gaming activities during the year. Approximately 90% of all labor associated with these activities was performed by unpaid volunteers. No gaming manager was retained, and no workers were compensated. Based on IRC Section 513(a)(1) and Treasury Regulation 1.513-1(e)(1), the organization believes this income is not subject to unrelated business income tax (UBIT) due to the volunteer labor exception.”

Raw XML Appendix292 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization conducted raffle-based gaming activities during the year. Approximately 90% of all labor associated with these activities was performed by unpaid volunteers. No gaming manager was retained, and no workers were compensated. Based on IRC Section 513(a)(1) and Treasury Regulation 1.513-1(e)(1), the organization believes this income is not subject to unrelated business income tax (UBIT) due to the volunteer labor exception.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ARMAN NIKMAN
ReturnHeader/ReturnTs02025-11-14T18:55:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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