Icatholic Media INC: Nonprofit Profile, Financials & Form 990 (EIN 04-2395520)

Revenue by fiscal year
FY2021	$14.8M
FY2022	$14.3M
FY2023	$14.5M
FY2024	$18.0M
FY2025	$20.1M

Expenses by fiscal year
FY2021	$8.8M
FY2022	$9.9M
FY2023	$11.0M
FY2024	$11.8M
FY2025	$13.0M

Net assets by fiscal year
FY2021	$61.4M
FY2022	$59.9M
FY2023	$64.9M
FY2024	$73.6M
FY2025	$82.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

72%

25%

Program services 72% · $9.4M Management & general 25% · $3.3M Fundraising 2% · $321K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

James Fadden

Secretary/General Manager

$218,208Pt VII · Sec A

Richard Mosley

Operations and Finance

$201,136Pt VII · Sec A

Mark Quella

Cheif Engineer

$188,840Pt VII · Sec A

Kenneth Romano

Bulletin Sales Director

$160,975Pt VII · Sec A

Antonio Enrique

President, Pilot Media Gro

$150,892Pt VII · Sec A

Daniel Tyrell

IT Security

$144,454Pt VII · Sec A

Bishop Robert Reed

President & Ceo,treasurer

$37,138Pt VII · Sec A

Rev Richard Clancy

Trustee

$0Pt VII · Sec A

James Fadden’s $218K as Secretary/General Manager is at the 54th percentile of top reported officer pay among 224 $10–100M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
James Fadden	$218,208	$230,837	$199,961	$187,346	$188,724
Richard Mosley	$201,136	$203,392	$178,452	$162,083	$163,565
Mark Quella	$188,840	$181,961	$167,912	$158,058	$159,633
Kenneth Romano	$160,975	$163,159	$125,559	$116,013	—
Antonio Enrique	$150,892	$142,737	$136,012	$129,479	$125,983
Daniel Tyrell	$144,454	—	—	—	—
Peter Kaminski	—	$124,227	$116,049	$108,953	$111,277
Bishop Robert Reed	$37,138	$35,507	$34,594	$34,007	$42,050

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers educational and religious content through TV, publications, and media.

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Provided by the organization

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2 programs · $9.4M · in their own filed words · FY2024

01

Provided educational and religious programming on television.

$6.3Mprogram expense

02

Provided PUBLICATIONS/NEWS media to the roman catholic community

$3.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$97K

Donor Advised Charitable Giving INCFY2024$50K

Greater HorizonsFY2024$20K

Network for Good INCFY2024$19K

National Philanthropic TrustFY2024$12K

Greater Lowell Community Foundation INCFY2024$10K

Raymond James Charitable Endowment FundFY2024$10K

Daffy Charitable FundFY2024$6K

Total grants receivedfrom 10 funders$225K

See all 10 funders →

Grants paid · 48 grants · $910K · 2020–2024

Arlington Catholic High SchoolFY2024$50,000

Immaculate Conception - RevereFY2024$50,000

Our Lady of AssumptionFY2024$50,000

St Agnes SchoolFY2024$50,000

Julie's Family Learning CenterFY2024$45,000

St Bridget's SchoolFY2024$45,000

St Columbkille BrightonFY2024$25,000

Cardinal Spellman High School INCMA · FY2024$20,000

Mammts ScholarshipFY2023$20,000

Immaculate Conception - RevereFY2023$20,000

Julie's Family Learning CenterFY2023$20,000

St Bridget's SchoolFY2023$20,000

Our Lady of AssumptionFY2023$20,000

St Agnes SchoolFY2023$20,000

Arlington Catholic High SchoolFY2023$12,500

St Columbkille BrightonFY2023$12,500

St Benedict Classical Academy INCMA · FY2023$12,500

St Augustine SchoolMS · FY2023$10,000

See all 48 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20.1M

Ln 12

Fees for servicesLn 2g$11.3M

Gifts and grantsLn 1h$7.7M

Investment incomeLn 3$1.2M

Money outPt IX

$13.0M

Ln 25

Programscol B$9.4M

Managementcol C$3.3M

Fundraisingcol D$321K

Owns and owesPt X

$82.4M

net assets · Ln 32

Cash and savingsLn 1–2$5.4M

Total assetsLn 16$84.5M

LiabilitiesLn 26$2.1M

PeoplePt VI, VII

24

listed · VII A

PaidVII A7

Voting boardVI 1a17

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.7M

Fees for servicesLn 2g$11.3M

Investment incomeLn 3$1.2M

Total revenueLn 12$20.1M

Assets in detailPt X, end of year

CashLn 1$1.4M

SavingsLn 2$4.0M

Cash and savings togetherLn 1–2$5.4M

InvestmentsLn 11–13$39.3M

Land, buildings, equipmentLn 10c$6.0M

Other assetsLn 15$32.5M

Total assetsLn 16$84.5M

LiabilitiesLn 26$2.1M

Net assetsLn 32$82.4M

OperationsPt I, VI

EmployeesI 557

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5.6M	$5.4M
InvestmentsLn 11–13	$31.7M	$39.3M
Land, buildings, equipmentLn 10c	$5.7M	$6.0M
Total assetsLn 16	$75.6M	$84.5M
LiabilitiesLn 26	$1.9M	$2.1M
Net assetsLn 32	$73.6M	$82.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$414K	$414K
Other salaries and wagesLn 7	$4.3M	$2.7M	$1.4M	$122K
Pension plan contributionsLn 8	$146K	$106K	$36K	$4K
Other employee benefitsLn 9	$690K	$499K	$172K	$19K
Payroll taxesLn 10	$358K	$211K	$142K	$5K
Legal feesLn 11b	$22K		$22K
Accounting feesLn 11c	$53K		$53K
OccupancyLn 16	$257K	$168K	$89K
Depreciation, depletion and amortizationLn 22	$912K	$662K	$250K
Other expenses (24a–d)Ln 24	$3.8M	$3.1M	$545K	$126K
All other expensesLn 24e	$2.1M	$1.5M	$541K	$45K
Total functional expensesLn 25	$13.0M	$9.4M	$3.3M	$321K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$20.1M	$13.0M	$7.2M	$82.4M	990 PDF
FY2024	$18.0M	$11.8M	$6.2M	$73.6M	990 PDF
FY2023	$14.5M	$11.0M	$3.5M	$64.9M	990 PDF
FY2022	$14.3M	$9.9M	$4.4M	$59.9M	990 PDF
FY2021	$14.8M	$8.8M	$6.0M	$61.4M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $20,148,923 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,121,617$7,664,238

I-9 Program service revenuePrior year $10,831,049$11,273,937

I-10 Investment incomePrior year $1,095,517$1,210,748

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $18,048,183$20,148,923

I-13 Grants and similar amounts paidPrior year $226,229$413,501

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,811,288$5,452,706

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $6,811,517$7,096,277

I-18 Total expensesPrior year $11,849,034$12,962,484

I-19 Revenue less expensesPrior year $6,199,149$7,186,439

Part VI · Governance 15 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members15

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $20,148,923 across 5 lines filed

VIII-1f All other contributions, gifts and grants$7,664,238

VIII-1h Total contributions, gifts and grants$7,664,238

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,273,937$11,273,937

VIII-3 Investment incomeExcluded from tax $1,210,748$1,210,748

VIII-12 Total revenueRelated to mission $11,273,937 · Unrelated business $0 · Excluded from tax $1,210,748$20,148,923

Part IX · Statement of functional expenses $12,962,484 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $413,501$413,501

IX-7 Other salaries and wagesPrograms $2,723,278 · Management $1,413,702 · Fundraising $121,817$4,258,797

IX-8 Pension plan contributionsPrograms $105,580 · Management $36,493 · Fundraising $3,991$146,064

IX-9 Other employee benefitsPrograms $498,859 · Management $172,428 · Fundraising $18,856$690,143

IX-10 Payroll taxesPrograms $210,798 · Management $142,333 · Fundraising $4,571$357,702

IX-11b Legal feesManagement $21,964$21,964

IX-11c Accounting feesManagement $52,625$52,625

IX-16 OccupancyPrograms $167,518 · Management $89,188$256,706

IX-22 Depreciation, depletion and amortizationPrograms $662,313 · Management $249,780$912,093

IX-24 Other expenses (24a–d)Programs $3,112,823 · Management $544,573 · Fundraising $126,092$3,783,488

IX-24e All other expensesPrograms $1,483,143 · Management $540,797 · Fundraising $45,461$2,069,401

IX-25 Total functional expensesPrograms $9,377,813 · Management $3,263,883 · Fundraising $320,788$12,962,484

Part X · Balance sheet $84,459,980 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $615,373$1,361,204

X-2 Savings and temporary cash investmentsStart of year $4,988,847$4,048,206

X-4 Accounts receivableStart of year $438,339$623,817

X-9 Prepaid expenses and deferred chargesStart of year $376,592$646,159

X-10c Land, buildings and equipment, netStart of year $5,721,869$5,983,746

X-12 Other securitiesStart of year $31,742,440$39,343,125

X-15 Other assetsStart of year $31,680,765$32,453,723

X-16 Total assetsStart of year $75,564,225$84,459,980

X-17 Accounts payable and accrued expensesStart of year $287,551$510,268

X-19 Deferred revenueStart of year $1,168,883$1,288,047

X-25 Other liabilitiesStart of year $485,809$252,559

X-26 Total liabilitiesStart of year $1,942,243$2,050,874

X-27 Net assets without donor restrictionsStart of year $65,852,002$74,399,436

X-28 Net assets with donor restrictionsStart of year $7,769,980$8,009,670

X-32 Total net assets or fund balancesStart of year $73,621,982$82,409,106

X-33 Total liabilities and net assetsStart of year $75,564,225$84,459,980

Part XI · Reconciliation of net assets $82,409,106 net assets at year end

XI-1 Total revenue$20,148,923

XI-2 Total expenses$12,962,484

XI-3 Revenue less expenses$7,186,439

XI-4 Net assets at start of year$73,621,982

XI-5 Net unrealized gains (losses) on investments$1,600,685

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$82,409,106

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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