Overview
What is Catholic Financial Life?
Catholic Financial Life is a faith-based nonprofit organization headquartered in Milwaukee, Wisconsin. Their mission revolves around providing long-term financial security for members through individual life insurance and annuity products. Members are supported by a network of Financial Advisors, who offer financial planning, estate planning, and other financial services. Catholic Financial Life is more than just a financial institution; it emphasizes Catholic values and serves the community through fraternal benefits and volunteer work. These benefits include child cancer and orphan benefits, will preparation, and social activities. The organization also raises funds for various causes, such as Catholic education, Diocesan programs, and civic causes, and engages in community outreach and fraternal activities. In 2022, Catholic Financial Life members volunteered for nearly 73,000 hours, contributing over $2.1 million in value to various initiatives.
Official website here: www.catholicfinanciallife.org
What are the reviews and ratings of this charity?
Catholic Financial Life is not currently rated by Charity Navigator. This is attributed to the organization's classification; it is not a 501(c)(3) nonprofit, which Charity Navigator specifically evaluates. The absence of such a rating does not imply anything about the organization's quality or performance but simply highlights that an evaluation has not been conducted.
While Charity Navigator typically provides insight into financial health and accountability, other areas like Leadership, Impact, and Culture are not evaluated for Catholic Financial Life due to its non-501(c)(3) status. There is no available data regarding its revenue, expenses, or key personnel salaries, which limits the ability to gauge financial transparency from this source.
Moreover, user reviews from GreatNonprofits are not available for Catholic Financial Life. This lack of qualitative feedback means there are limited insights into public perception or personal experiences with this organization from this source.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Financial Life legitimate?
Catholic Financial Life is a legitimate nonprofit organization registered as a 501(c)(8) entity. Catholic Financial Life 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: $3,802,887
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,715,682
For more financial information, click here
Official website here: www.catholicfinanciallife.org
What is the mission statement of Catholic Financial Life?
Catholic Financial Life, as a faith-based membership organization, embodies Catholic values by serving others and promoting financial security. Through its network of Financial Advisors, the organization offers individual life insurance and annuity products, providing long-term financial security for its members. Commitment to community outreach is evident as members collectively volunteered over 73,000 hours in 2022, worth over $2.1 million, to help those in need. Catholic Financial Life extends its mission beyond financial services by hosting and supporting fraternal activities and contributing over $1.5 million to various causes, including Catholic education and civic initiatives.
Official website here: www.catholicfinanciallife.org
Who is the CEO of Catholic Financial Life?
Kari R Diestelhorst is the President And Chief Executive Officer of Catholic Financial Life. The CEO's salary of Catholic Financial Life is $231,897 and their total compensation is $246,645.
Official website here: www.catholicfinanciallife.org
What is the revenue of Catholic Financial Life?
Catholic Financial Life's revenue in 2022 was $127,605,313.
Official website here: www.catholicfinanciallife.org
Who are the executives of Catholic Financial Life and what are their salaries?
The average compensation at Catholic Financial Life during 2022 was $50,926. There are 128 employees and 11351 volunteers at Catholic Financial Life.
Here are 25 key members and their salaries (Catholic Financial Life's CEO's salary is $231,897 and their total compensation is $246,645):
- Compensation: $407,507
- Related: $0
- Other: $48,594
- Compensation: $262,499
- Related: $0
- Other: $19,432
- Compensation: $231,897
- Related: $0
- Other: $14,748
- Compensation: $197,921
- Related: $0
- Other: $38,889
- Compensation: $194,533
- Related: $0
- Other: $33,957
- Compensation: $214,004
- Related: $0
- Other: $14,429
- Compensation: $180,790
- Related: $0
- Other: $42,310
- Compensation: $187,472
- Related: $0
- Other: $24,855
- Compensation: $190,936
- Related: $0
- Other: $19,254
- Compensation: $199,805
- Related: $0
- Other: $9,491
- Compensation: $166,470
- Related: $0
- Other: $42,614
- Compensation: $173,123
- Related: $0
- Other: $28,958
- Compensation: $172,143
- Related: $0
- Other: $11,454
- Compensation: $129,877
- Related: $0
- Other: $22,451
- Compensation: $118,877
- Related: $0
- Other: $19,586
- Compensation: $123,492
- Related: $0
- Other: $8,019
- Compensation: $39,500
- Related: $0
- Other: $0
- Compensation: $24,500
- Related: $0
- Other: $0
- Compensation: $24,500
- Related: $0
- Other: $0
- Compensation: $24,500
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $23,000
- Related: $0
- Other: $0
Official website here: www.catholicfinanciallife.org
Where can I find the form 990 for Catholic Financial Life?
Catholic Financial Life'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
Catholic Financial Life, a faith-based membership organization, is dedicated to embodying Catholic values by serving others and promoting financial security. Through its network of Financial Advisors, the Society offers individual life insurance and annuity products, ensuring long-term financial stability for its members. The organization goes beyond mere financial services, as members have access to fraternal benefits designed to enhance their quality of life. These benefits include assistance for children with cancer or who are orphans, will preparation, and opportunities for social engagement through the chapter system. Catholic Financial Life is deeply committed to community outreach and fraternal activities, as evidenced by the nearly 73,000 hours of volunteer service provided by its members in 2022. The organization also supports various causes by raising over $1.5 million in contributions for Catholic education, Diocesan programs, and civic initiatives.
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Impact
October, 2024
Catholic Financial Life plays a significant role in enhancing the lives of its members and the broader community through a commitment to financial security and community outreach. By offering individual life insurance and annuity products, the organization helps its members achieve long-term financial stability, guided by a network of skilled Financial Advisors who provide tailored financial and estate planning services.
Beyond financial services, Catholic Financial Life actively engages in meaningful community initiatives, exemplified by nearly 73,000 hours of volunteer service logged by its members in 2022. This dedicated service, valued at over $2.1 million, underscores the organization's commitment to supporting those in need. Additionally, through fundraising efforts, Catholic Financial Life has raised over $1.5 million to support Catholic education, Diocesan programs, and various civic causes.
The Society fosters a sense of community among its members by offering fraternal benefits, including child cancer and orphan benefits, as well as opportunities for social engagement through its chapter system. By combining financial security with a deep-rooted mission of service, Catholic Financial Life exemplifies how faith-driven values can translate into tangible support for individuals and communities alike.
This information is meant to be a general summary of Catholic Financial Life. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $65,842,551
- Program Service Revenue: $58,227,341
- Gross Receipts: $282,946,443
Assets and Liabilities:
- Total Assets: $1,688,153,935
- Total Liabilities: $1,554,382,452
- Net Assets: $133,771,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premium Income
Revenue
$56,584,590
Commissions and exp allowances on reinsurance
Revenue
$1,642,751
Organization Details
Founding Year
1885
Phone
(414) 273-6266Principal Officer
Kari R Diestelhorst
Main Address
1100 W WELLS ST, MILWAUKEE, WI, 53233
NTEE Category
Code: Y40 - Mutual benefit
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