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Catholic Financial Life Foundation Inc

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

EIN: 204780760 ✦ Milwaukee, WI ✦ Designated as a 501(c)(3)

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Overview

What is Catholic Financial Life Foundation Inc?

Catholic Financial Life Foundation Inc is a nonprofit organization situated in Milwaukee, Wisconsin. Established with a mission rooted in Catholic and fraternal values, its primary goal is to provide resources, encourage philanthropy, and foster planned giving. The foundation supports Catholic parishes, organizations, and educational institutions by awarding grants. In 2022, they distributed grants totaling $364,742. Additionally, the foundation engages in charitable outreach and contributes to various causes and charities, aligning with their field of interest.


Official website here: www.catholicfinanciallife.org

Is Catholic Financial Life Foundation Inc legitimate?

Catholic Financial Life Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Financial Life Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.catholicfinanciallife.org

What is the mission statement of Catholic Financial Life Foundation Inc?

The Catholic Financial Life Foundation Inc., guided by its Catholic and fraternal values of stewardship, service, and concern for others, works towards strengthening individuals, the church, and society. It achieves this by providing resources to enhance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and offering financial tools to facilitate philanthropic objectives.


Official website here: www.catholicfinanciallife.org

Who is the CEO of Catholic Financial Life Foundation Inc?

Cynthia Feld is the President of Catholic Financial Life Foundation Inc.


Official website here: www.catholicfinanciallife.org

What is the revenue of Catholic Financial Life Foundation Inc?

Catholic Financial Life Foundation Inc's revenue in 2022 was $424,446.


Official website here: www.catholicfinanciallife.org

Who are the executives of Catholic Financial Life Foundation Inc and what are their salaries?

There 15 volunteers at Catholic Financial Life Foundation Inc.


Here are 8 key members and their salaries:


John T Borgen (President)
  • Compensation: $0
  • Related: $407,507
  • Other: $48,594
Sara J Walker (Director)
  • Compensation: $0
  • Related: $190,936
  • Other: $19,254
Kristin O'Connell (Director)
  • Compensation: $0
  • Related: $173,123
  • Other: $28,958
Richard Kremel (Director)
  • Compensation: $0
  • Related: $107,310
  • Other: $29,625
Cynthia E Feld (Treasurer)
  • Compensation: $0
  • Related: $123,492
  • Other: $8,019
William R O'Toole (Chairman Of The Board)
  • Compensation: $0
  • Related: $115,897
  • Other: $14,748
Sally Krochalk (Secretary)
  • Compensation: $0
  • Related: $105,750
  • Other: $18,725
Daniel T Lloyd (Director)
  • Compensation: $0
  • Related: $69,095
  • Other: $5,308


Official website here: www.catholicfinanciallife.org

Where can I find the form 990 for Catholic Financial Life Foundation Inc?

Catholic Financial Life Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.catholicfinanciallife.org

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

Mission Statement of Catholic Financial Life Foundation Inc

Catholic Financial Life Foundation Inc, guided by the Catholic and fraternal values of stewardship, service, and concern for others, aims to augment the strength of individuals, the church, and society. The organization achieves this mission by providing financial resources to bolster the objectives of Catholic parishes and organizations. In addition, Catholic Financial Life Foundation Inc supports charitable outreach initiatives and educates individuals about the intricacies of philanthropy and planned giving. Lastly, the foundation offers financial vehicles to facilitate the realization of philanthropic aspirations.

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Impact




October, 2024

Catholic Financial Life Foundation Inc significantly impacts the community by providing essential grants to students attending Catholic educational institutions and supporting various charitable outreach initiatives. In 2022 alone, the foundation awarded $364,742 in grants, demonstrating its commitment to enhancing educational and religious opportunities.

Rooted in Catholic and fraternal values, the foundation is dedicated to stewardship, service, and care for others. By advancing the mission of Catholic parishes and organizations, it plays a vital role in strengthening both individual and community ties. Additionally, the foundation educates individuals about philanthropy and planned giving, ensuring that charitable efforts are sustainable and impactful.

Through these efforts, Catholic Financial Life Foundation Inc fosters a culture of giving and generosity, empowering communities to thrive while upholding the principles of compassion and support for those in need. Its contributions help to build a stronger society, enriching lives through education and charitable initiatives.




This information is meant to be a general summary of Catholic Financial Life Foundation 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
$424,446 (2022)
Expenses
$373,239 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $66,363
  • Gross Receipts: $1,880,523

Assets and Liabilities:

  • Total Assets: $2,517,745
  • Total Liabilities: $2,979
  • Net Assets: $2,514,766

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Organization Details

Founding Year

2006

Principal Officer

Cynthia Feld

Main Address

1100 W Wells Street, Milwaukee, WI, 53233

NTEE Category

Code: T30 - Philanthropy

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