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Family Institute Of Connecticut Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061282690 ✦ Hartford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Family Institute Of Connecticut Inc?

The Family Institute of Connecticut Inc is a nonprofit organization dedicated to exploring family-related matters and promoting value-based insights. Their primary focus involves conducting research and delivering educational content, which extends to addressing legislative concerns. Furthermore, they disseminate information through the publication of educational newsletters, aiming to contribute positively to family dynamics and societal understanding.


Official website here: www.ctfamily.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

The Family Institute of Connecticut Inc has received a solid Three-Star rating from Charity Navigator, reflecting its overall score of 79%. The organization displays strong accountability and finance practices, with a perfect score of 100% for having a majority of independent board members. Additionally, it maintains a low liabilities to assets ratio of 6.28%, indicating a stable financial position.

However, the organization does have some limitations in its governance policies. Notably, it lacks a conflict of interest policy and a whistleblower policy, which are essential for ensuring transparency and ethical conduct. These missing elements resulted in lower scores in those specific areas, which could raise concerns for potential donors regarding governance practices.

Despite these weaknesses, the Family Institute of Connecticut Inc demonstrates a commitment to maintaining proper documentation and financial health. The majority of its program expenses are directed towards its mission, which is a positive indicator of its operational effectiveness. Overall, while there are areas for improvement, the charity appears to be functioning well within its capacity.


This AI summary has been generated from information found on Charity Navigator.

Is Family Institute Of Connecticut Inc legitimate?

Family Institute Of Connecticut Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Institute Of Connecticut Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $260,614
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,475

For more financial information, click here


Official website here: www.ctfamily.org

What is the mission statement of Family Institute Of Connecticut Inc?

The Family Institute of Connecticut Inc is dedicated to conducting research and providing education on family values. Their mission involves engaging with legislative issues and disseminating information through educational newsletters. Their primary focus is on promoting and upholding family values, utilizing both research and advocacy efforts.


Official website here: www.ctfamily.org

Who is the CEO of Family Institute Of Connecticut Inc?

Peter Wolfgang is the Chairman of Family Institute Of Connecticut Inc.


Official website here: www.ctfamily.org

What is the revenue of Family Institute Of Connecticut Inc?

Family Institute Of Connecticut Inc's revenue in 2022 was $459,179.


Official website here: www.ctfamily.org

Who are the executives of Family Institute Of Connecticut Inc and what are their salaries?

The average compensation at Family Institute Of Connecticut Inc during 2022 was $96,272. There are 4 employees at Family Institute Of Connecticut Inc.


Here are 6 key members and their salaries:


Ken Von Kohorn (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Caporaso (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Jackson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hummel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Morgan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Wolfgang (Executive Director)
  • Compensation: $210,790
  • Related: $0
  • Other: $49,824


Official website here: www.ctfamily.org

Where can I find the form 990 for Family Institute Of Connecticut Inc?

Family Institute Of Connecticut Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ctfamily.org

Learn more at the official website: www.ctfamily.org

Mission Statement of Family Institute Of Connecticut Inc

The Family Institute of Connecticut, as an organization, is dedicated to conducting research and providing education on family values. Their mission encompasses addressing various legislative issues and disseminating knowledge through the publication of educational newsletters. By engaging in these activities, the Family Institute of Connecticut aims to contribute to the better understanding and strengthening of family dynamics and values. The institute's work focuses on shaping policies that support and uphold family values, while also offering resources to the public in the form of informative newsletters. Through their research and educational initiatives, the Family Institute of Connecticut seeks to foster a more supportive and understanding environment for families across various societal contexts.

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Impact




July, 2024

Family Institute of Connecticut Inc's impact can be seen through its research and education efforts addressing family issues and values. By conducting research and providing educational resources, the organization contributes to the advancement of civil rights and advocacy for legislation that supports family values. Through their work in Hartford, Connecticut, Family Institute of Connecticut Inc helps to raise awareness and promote understanding of important family-related issues in society.




This information is meant to be a general summary of Family Institute Of Connecticut Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$459,179 (2022)
Expenses
$536,831 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $487,338

Assets and Liabilities:

  • Total Assets: $172,740
  • Total Liabilities: $10,864
  • Net Assets: $161,876

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Organization Details

Founding Year

1989

Principal Officer

Peter Wolfgang

Main Address

77 BUCKINGHAM STREET, HARTFORD, CT, 06106

NTEE Category

Code: R40Z - Civil rights

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