Nonprofit · EIN 20-4780760
CATHOLIC FINANCIAL LIFE FOUNDATION INC
Tax-exempt · MILWAUKEE, WI 53233
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $806,994 | $500,062 | $306,932 | $3,488,158 | $50,000 | $3,438,158 |
| December 31, 2023 | 990 | $831,142 | $375,336 | $455,806 | $3,194,053 | $0 | $3,194,053 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $467,722
- Program service revenue
- $0
- Investment income
- $339,272
- Net gain from sales of assets
- $248,213
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $487,204
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $500,062
Balance sheet and other
- Total assets, start of year
- $3,194,056
- Total assets, end of year
- $3,488,158
- Total liabilities, end of year
- $50,000
- Net assets, end of year
- $3,438,158
- Publicly traded securities
- $3,097,231
- Gross receipts
- $2,414,003
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2006
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| John T Borgen | President Officer | 2 | $0 | $509,886 | $48,815 |
| Sara J Walker | Director Trustee or director | 1 | $0 | $220,910 | $24,298 |
| Cynthia E Feld | Treasurer Officer | 2 | $0 | $152,542 | $30,966 |
| Sally A Krochalk | Secretary Officer | 2 | $0 | $113,108 | $18,867 |
| Daniel T Lloyd | Director Trustee or director | 1 | $0 | $77,619 | $5,532 |
| William R O'Toole | Chairman of the Board Trustee or director | 2 | $0 | $38,000 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John T Borgen | President Officer | 2 | $434,536 | $50,795 |
| Sara J Walker | Director Trustee or director | 1 | $201,690 | $25,050 |
| Cynthia E Feld | Treasurer Officer | 2 | $140,888 | $39,935 |
| Sally Krochalk | Secretary Officer | 2 | $109,715 | $19,994 |
| William R O'Toole | Chairman of the Board Trustee or director | 2 | $98,000 | $1,000 |
| Daniel T Lloyd | Director Trustee or director | 1 | $84,808 | $6,029 |
Address and contacts
- Address (IRS master file)
- 1100 W WELLS STREET, MILWAUKEE, WI 53233-2332
- In care of
- % KERRY RIEMER CONTROLLER
- Principal officer (990 for 2024)
- CYNTHIA FELD, 1100 W Wells Street, 1100 W Wells Street, Milwaukee, WI 53233
- Signed the 990
- Cynthia Feld, Treasurer
- Phone
- (414) 273-6266
Mission
The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen individuals, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and providing financial vehicles to accomplish philanthropic objectives.
Program accomplishments
- The foundation was formed to provide grants for educational and religious purposes as well as field of interest causes and charities. In 2024, grants totaling $487,204 were awarded.Expenses $500,062 · grants $487,204 · revenue $806,934
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4780760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $3,488,158
- Income (IRS master file)
- $2,414,003
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $806,994 | $500,062 | $3,488,158 | XML |
| 990 | December 2023 | $831,142 | $375,336 | $3,194,053 | XML |
| 990 | December 2022 | $424,446 | $373,239 | $2,517,745 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4780760).
Questions about CATHOLIC FINANCIAL LIFE FOUNDATION INC
- What is the EIN of CATHOLIC FINANCIAL LIFE FOUNDATION INC?
- The employer identification number (EIN) of CATHOLIC FINANCIAL LIFE FOUNDATION INC is 20-4780760.
- Is CATHOLIC FINANCIAL LIFE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CATHOLIC FINANCIAL LIFE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATHOLIC FINANCIAL LIFE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CATHOLIC FINANCIAL LIFE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATHOLIC FINANCIAL LIFE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CATHOLIC FINANCIAL LIFE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CYNTHIA FELD.
- Who are the officers and directors of CATHOLIC FINANCIAL LIFE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does CATHOLIC FINANCIAL LIFE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $806,994, expenses of $500,062 and total assets of $3,488,158 at year end.
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