Sapientia Education Association Inc
- Assets
- $1.6m
- Revenue
- $306.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-1993222
Organization Overview
Sapientia Education Association Inc is located in Norwalk, CT. The organization was established in 2015. According to its NTEE Classification (X02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sapientia Education Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sapientia Education Association Inc generated $306.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $236.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE A VENUE FOR THE PROPAGATION OF THE TRADITIONAL ROMAN CATHOLIC LATIN MASS KNOWN AS THE TRIDENTINE RITE OF MASS. WE WILL ACHEIVE THIS BY EDUCATING OUR MEMBERS IN THE TRADITIONAL CATHOLIC FAITH AS IT EXISTED PRIOR TO THE VATICAN COUNCIL OF 1962.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING THE TRADITIONAL ROMAN CATHOLIC FAITH TO THE MEMBERS.
TEACHING THE TRADITIONAL ROMAN CATHOLIC FAITH TO THE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Corso President | OfficerTrustee | $0 | |
Demitri Ghecas Vice Preside | OfficerTrustee | $0 | |
Raymond Fico Trasurer/dir | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,398 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,398 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,049 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,675 |
| Travel | $26,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,455 |
| Insurance | $26,127 |
| All other expenses | $10,327 |
| Total functional expenses | $236,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,500 |
| Net Land, buildings, and equipment | $1,040,510 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,593,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,186 |
| Total liabilities | $20,186 |
| Net assets without donor restrictions | $1,573,288 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,593,474 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Praxis Inc New York, NY | $3,068,328 | $4,191,471 |
United Talmidei Hakvutze Inc Brooklyn, NY | $741,620 | $1,780,165 |
Engaging Heaven Ministries Inc New London, CT | $273,758 | $978,048 |
Life Listening Resources Rochester, NY | $40,340 | $303,441 |
Unitarian Universalist Massachusetts Action Network Inc Marlborough, MA | $144,019 | $321,897 |
Sapientia Education Association Inc Norwalk, CT | $1,593,474 | $306,398 |
Sunday School Inc Needham, MA | $223,063 | $163,937 |
Parish Resource Center Of Long Island West Islip, NY | $23,980 | $0 |
Dharma Seed Tape Library Inc Greenfield, MA | $181,210 | $0 |
Willington Baptist Society Inc Willington, CT | $532,363 | $176 |
Evangelizo - Daily Gospel Inc Boston, MA | $97,742 | $0 |
Community Tech Care Corp Lynn, MA | $0 | $0 |