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Catholic Foundation Of Michigan

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

EIN: 814107324 ✦ Bloomfield hills, MI ✦ Designated as a 501(c)(3)

Overview

What is Catholic Foundation Of Michigan?

The Catholic Foundation of Michigan is a charitable organization based in Bloomfield Hills, Michigan, with a workforce of five individuals. Their mission is to inspire and unite Catholics in giving, focusing on the long-term needs of Catholic ministries in Southeast Michigan. They achieve this by offering socially and morally responsible charitable tools such as donor-advised funds and endowments. These resources benefit parishes, schools, and nonprofits, helping them establish a sustainable philanthropic plan in accordance with Catholic teachings. In 2022, 28 new funds were established, and the organization granted a total of $6,449,741 to 254 nonprofits through competitive and donor-directed grants and endowment distributions.


Official website here: www.catholicfoundationmichigan.org

Is Catholic Foundation Of Michigan legitimate?

Catholic Foundation Of Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Foundation Of Michigan 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.

Here are some key statistics you may want to consider:

Executive Compensation: $171,797
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,586

For more financial information, click here


Official website here: www.catholicfoundationmichigan.org

What is the mission statement of Catholic Foundation Of Michigan?

The Catholic Foundation of Michigan inspires and facilitates charitable giving among Catholics, supporting the long-term needs of Catholic ministries in Michigan. They offer socially and morally responsible charitable tools, such as donor advised funds and endowments, to benefit parishes, schools, and nonprofits. Working closely with these organizations, the foundation helps build a sustainable philanthropic plan in accordance with Catholic teachings. In 2022, 28 new funds were established, providing benefits to the community. At the end of the year, 254 nonprofits received grants, totaling over $6.4 million from both competitive and donor-directed grants, as well as endowment distributions.


Official website here: www.catholicfoundationmichigan.org

Who is the CEO of Catholic Foundation Of Michigan?

Angela Moloney is the President & Ceo of Catholic Foundation Of Michigan. The CEO's salary of Catholic Foundation Of Michigan is $130,464 and their total compensation is $171,797.


Official website here: www.catholicfoundationmichigan.org

What is the revenue of Catholic Foundation Of Michigan?

Catholic Foundation Of Michigan's revenue in 2022 was $20,315,357.


Official website here: www.catholicfoundationmichigan.org

Who are the executives of Catholic Foundation Of Michigan and what are their salaries?

The average compensation at Catholic Foundation Of Michigan during 2022 was $71,277. There are 5 employees and 49 volunteers at Catholic Foundation Of Michigan.

Here are 34 key members and their salaries (Catholic Foundation Of Michigan's CEO's salary is $130,464 and their total compensation is $171,797):

    Angela Moloney (President & Ceo) [Trustee/Director]
  • Compensation: $130,464
  • Related: $0
  • Other: $41,333

    • Donald Kunz (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Fehring (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Cendrowski (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Beltramo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roseanne Brugnoni (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Demars (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Diehl Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Fabbri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Farrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Dine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eugene Lovasco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Madison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Mccann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Migliazzo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Noble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Roney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Schena (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Scholler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maria Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Shmina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Vlasic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stefan Wanczyk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Weingartz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Jeffrey Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Demkowicz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Engle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Hale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Most Rev Allen Vigneron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Wilkerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Franzen Kuklewski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.catholicfoundationmichigan.org

    Where can I find the form 990 for Catholic Foundation Of Michigan?

    The Catholic Foundation Of Michigan’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.catholicfoundationmichigan.org

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

    Mission Statement of Catholic Foundation Of Michigan

    The Catholic Foundation of Michigan motivates and connects Catholics in charitable giving towards their faith community. By offering socially and morally responsible charitable tools such as donor advised funds and endowments, the Foundation helps donors support the long-term requirements of Catholic parishes, schools, ministries, and nonprofit organizations in Southeast Michigan. In accordance with Catholic teachings, the Foundation collaborates with these entities to establish a sustainable philanthropic plan.

    In 2022, 28 new funds were established within the Catholic Foundation of Michigan to benefit the community. At the year's end, 254 nonprofits received grants from competitive and donor-directed distributions, as well as endowment distributions, totaling $6,449,741. The Catholic Foundation of Michigan's mission is geared towards inspiring charitable giving and assisting donors in providing for the long-term needs of the Catholic parishes, schools, and nonprofits in Michigan. Through its charitable tools and partnerships, the Foundation aims to create a lasting impact on the community in line with Catholic teachings.

    Impact

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




    Thursday, August 15, 2024

    The Catholic Foundation of Michigan plays a crucial role in inspiring and uniting Catholics in charitable giving and supporting the long-term needs of Catholic parishes, schools, ministries, and organizations in Southeast Michigan. By providing socially and morally responsible charitable tools such as donor-advised funds, scholarships, and endowments, the Foundation helps donors align their giving with their faith. In 2022, 28 new funds were established to benefit the community, and by the end of the year, 254 nonprofits received grants totaling $6,449,741 from the Foundation. This impact is significant in sustaining and strengthening Catholic initiatives and organizations in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $1,044,078
  • Program Service Revenue: $0
  • Gross Receipts: $37,488,592

    • Assets and Liabilities:
  • Total Assets: $38,406,383
  • Total Liabilities: $23,628,727
  • Net Assets: $14,777,656
  • Organization Details

    Founding Year

    2016

    Principal Officer

    Angela Moloney

    Main Address

    1145 W LONG LAKE ROAD 201, BLOOMFIELD HILLS, MI, 48302

    NTEE Category

    Code: X12 - Religion related

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