Rev Robert E McLaughlin Faith Foundation FY2022 filing

Park Ridge, ILUnknown exempt organizationEIN 20-3085296

This page gets seen. Tell your story. Claim this org.

Support of young adult catholic Faith education

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.8 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
$94K
+7% vs prior year
Spent
$86K
To programs
94%
Net assets
$120K
By yearFY2020–FY2023
Revenue
$94K
FY2022▲ +7%
Revenue by fiscal year
FY2020$44K
FY2021$88K
FY2022$94K
FY2023$7K
Expenses
$86K
FY2022▲ +19%
Expenses by fiscal year
FY2020$64K
FY2021$72K
FY2022$86K
FY2023$127K
Net assets
$120K
FY2022▲ +8%
Net assets by fiscal year
FY2020$95K
FY2021$111K
FY2022$120K
FY2023$0

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

94 cents of each dollar spent went to programs.

Program services 94% · $80K Management & general 6% · $6K

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

Something off? The org can add a note here. Request edit privileges.

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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $80K · in their own filed words · FY2022
01

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

$80Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Gifts and grantsLn 1h$132K
Investment incomeLn 3$76
Money outPt IX
$86K
Ln 25
Programscol B$80K
Managementcol C$6K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$120K
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$132K
Fundraising eventsLn 1c$105K
Investment incomeLn 3$76
Total revenueLn 12$94K
Assets in detailPt X, end of year
SavingsLn 2$120K
Cash and savings togetherLn 1–2$120K
Total assetsLn 16$120K
LiabilitiesLn 26$0
Net assetsLn 32$120K
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 FY22End FY22
Cash and savingsLn 1–2$111K$120K
Total assetsLn 16$111K$120K
LiabilitiesLn 26$0$0
Net assetsLn 32$111K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Accounting feesLn 11c$470$0$470$0
Information technologyLn 14$50$0$50$0
Other expenses (24a–d)Ln 24$15K$10K$5K$0
Total functional expensesLn 25$86K$80K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $7K$127K−$120K$0 990 PDF
FY2022 Viewing $94K$86K$9K$120K 990 PDF
FY2021 $88K$72K$16K$111K 990 PDF
FY2020 $44K$64K−$20K$95K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (5 parts)
Part I · Summary $94,364 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,840$131,580
I-9 Program service revenue$0
I-10 Investment incomePrior year $35$76
I-11 Other revenue−$37,292
I-12 Total revenuePrior year $87,875$94,364
I-13 Grants and similar amounts paidPrior year $60,000$70,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,809$15,500
I-18 Total expensesPrior year $71,809$85,500
I-19 Revenue less expensesPrior year $16,066$8,864
Part VIII · Statement of revenue $94,364 across 6 lines filed
VIII-1c Fundraising events$105,195
VIII-1f All other contributions, gifts and grants$26,385
VIII-1h Total contributions, gifts and grants$131,580
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$76
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$37,292−$37,292
VIII-12 Total revenueRelated to mission $76 · Unrelated business $0 · Excluded from tax −$37,292$94,364
Part IX · Statement of functional expenses $85,500 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $70,000$70,000
IX-11c Accounting feesPrograms $0 · Management $470 · Fundraising $0$470
IX-14 Information technologyPrograms $0 · Management $50 · Fundraising $0$50
IX-24 Other expenses (24a–d)Programs $10,000 · Management $4,980 · Fundraising $0$14,980
IX-25 Total functional expensesPrograms $80,000 · Management $5,500 · Fundraising $0$85,500
Part X · Balance sheet $119,751 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $110,887$119,751
X-16 Total assetsStart of year $110,887$119,751
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $110,887$119,751
X-32 Total net assets or fund balancesStart of year $110,887$119,751
X-33 Total liabilities and net assetsStart of year $110,887$119,751
Part XI · Reconciliation of net assets $119,751 net assets at year end
XI-1 Total revenue$94,364
XI-2 Total expenses$85,500
XI-3 Revenue less expenses$8,864
XI-4 Net assets at start of year$110,887
XI-10 Net assets at end of year$119,751

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.