Rev Robert E McLaughlin Faith Foundation FY2021 filing

Park Ridge, ILUnknown exempt organizationEIN 20-3085296Revenue $88K in FY2021

On file with the IRS920 West Grandville · Park Ridge, IL

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Support of young adult catholic Faith education

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $29K a year · 49% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
+102% vs prior year
Spent
$72K
To programs
88%
Net assets
$111K
By yearFY2020–FY2023
Revenue
$88K
FY2021▲ +102%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$88K
FY2022$94K
FY2023$7K
Expenses
$72K
FY2021▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$72K
FY2022$86K
FY2023$127K
Net assets
$111K
FY2021▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$95K
FY2021$111K
FY2022$120K
FY2023$0

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $63K Management & general 12% · $9K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rev Robert E McLaughlin Faith Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Catholic faith education for young adults.

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Provided by the organization

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1 program · $63K · in their own filed words · FY2021
01

Support of young adult catholic faith education. Issued sixteen grants to parishes and their ministries

$63Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Gifts and grantsLn 1h$88K
Investment incomeLn 3$35
Money outPt IX
$72K
Ln 25
Programscol B$63K
Managementcol C$9K
Owns and owesPt X
$111K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$111K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Investment incomeLn 3$35
Total revenueLn 12$88K
Assets in detailPt X, end of year
SavingsLn 2$111K
Cash and savings togetherLn 1–2$111K
Total assetsLn 16$111K
LiabilitiesLn 26$0
Net assetsLn 32$111K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$95K$111K
Total assetsLn 16$95K$111K
LiabilitiesLn 26$0$0
Net assetsLn 32$95K$111K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Accounting feesLn 11c$470$0$470$0
Information technologyLn 14$66$0$66$0
Other expenses (24a–d)Ln 24$11K$3K$8K$0
Total functional expensesLn 25$72K$63K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $7K$127K−$120K$0 990 PDF
FY2022 $94K$86K$9K$120K 990 PDF
FY2021 Viewing $88K$72K$16K$111K 990 PDF
FY2020 $44K$64K−$20K$95K 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 FY2021 990 (6 parts)
Part I · Summary $87,875 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,450$87,840
I-9 Program service revenue$0
I-10 Investment incomePrior year $74$35
I-11 Other revenue$0
I-12 Total revenuePrior year $43,524$87,875
I-13 Grants and similar amounts paidPrior year $59,200$60,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,685$11,809
I-18 Total expensesPrior year $63,885$71,809
I-19 Revenue less expensesPrior year −$20,361$16,066
Part VI · Governance 12 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $87,875 across 4 lines filed
VIII-1f All other contributions, gifts and grants$87,840
VIII-1h Total contributions, gifts and grants$87,840
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$35
VIII-12 Total revenueRelated to mission $35 · Unrelated business $0 · Excluded from tax $0$87,875
Part IX · Statement of functional expenses $71,809 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-11c Accounting feesPrograms $0 · Management $470 · Fundraising $0$470
IX-14 Information technologyPrograms $0 · Management $66 · Fundraising $0$66
IX-24 Other expenses (24a–d)Programs $3,059 · Management $8,214 · Fundraising $0$11,273
IX-25 Total functional expensesPrograms $63,059 · Management $8,750 · Fundraising $0$71,809
Part X · Balance sheet $110,887 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $94,821$110,887
X-16 Total assetsStart of year $94,821$110,887
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $94,821$110,887
X-32 Total net assets or fund balancesStart of year $94,821$110,887
X-33 Total liabilities and net assetsStart of year $94,821$110,887
Part XI · Reconciliation of net assets $110,887 net assets at year end
XI-1 Total revenue$87,875
XI-2 Total expenses$71,809
XI-3 Revenue less expenses$16,066
XI-4 Net assets at start of year$94,821
XI-10 Net assets at end of year$110,887

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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