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Mikael FY2021 filing

Tax-deductible

San Diego, CA501(c)(3)Religion EIN 32-0660599Revenue $751K in FY2021

On file with the IRS16935 W Bernardo Dr Ste 245, 92127-1637 · San Diego, CATax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To provide support to catholic religious orders, institutes, associations and schools in the u.s. And abroad and to provide assistance to current and former clergy members as well as individuals who desire to become clergy members.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $386K a year · 97% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
72628 mo
of spending, in cash
Looks good: 72627.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $64K
Looks good: 3 funders name it on their filings; 3 or more.
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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$751K
Spent
$124
To programs
0%
Net assets
$750K
By yearFY2021–FY2024
Revenue
$751K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$751K
FY2022$414K
FY2023$167K
FY2024$253K
Expenses
$124
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$124
FY2022$12K
FY2023$24K
FY2024$3K
Net assets
$750K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$750K
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $124

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Paul Colucci
Treasurer and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Ahmad Olomi
Chair and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mikael 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Catholic religious orders, schools, and clergy with resources and assistance.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

To provide grants to catholic schools and organizations that directly align with our exempt purposes as well as grants to prospective, former, and current clergy members who do not have the financial means to support themselves.

Pt IX · col B

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 · FY2024
God's GiftFY2024$40K
Raymond James Charitable Endowment FundFY2024$16K
Donor Advised Charitable Giving INCFY2024$8K
Total grants receivedfrom 3 funders$64K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$751K
Ln 12
Gifts and grantsLn 1h$750K
Investment incomeLn 3$610
Money outPt IX
$124
Ln 25
Managementcol C$124
Owns and owesPt X
$750K
net assets · Ln 32
Cash and savingsLn 1–2$750K
Total assetsLn 16$750K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$750K
Investment incomeLn 3$610
Total revenueLn 12$751K
Assets in detailPt X, end of year
CashLn 1$750K
Cash and savings togetherLn 1–2$750K
Total assetsLn 16$750K
LiabilitiesLn 26$0
Net assetsLn 32$750K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$0$750K
Total assetsLn 16$0$750K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$750K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$124$124
Total functional expensesLn 25$124$0$124$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $253K$3K$250K$1.5M 990 PDF
FY2023 $167K$24K$143K$1.3M 990 PDF
FY2022 $414K$12K$401K$1.2M 990 PDF
FY2021 Viewing $751K$124$750K$750K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $750,610 revenue, 12 lines filed
I-8 Contributions and grants$750,000
I-9 Program service revenue$0
I-10 Investment income$610
I-11 Other revenue$0
I-12 Total revenue$750,610
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$124
I-18 Total expenses$124
I-19 Revenue less expenses$750,486
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $750,610 across 4 lines filed
VIII-1f All other contributions, gifts and grants$750,000
VIII-1h Total contributions, gifts and grants$750,000
VIII-3 Investment incomeExcluded from tax $610$610
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $610$750,610
Part IX · Statement of functional expenses $124 across 1 line filed
IX-11g Other fees for servicesManagement $124$124
IX-25 Total functional expensesPrograms $0 · Management $124 · Fundraising $0$124
Part X · Balance sheet $750,486 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $0$750,486
X-16 Total assetsStart of year $0$750,486
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$750,486
X-33 Total liabilities and net assetsStart of year $0$750,486
Part XI · Reconciliation of net assets $750,486 net assets at year end
XI-1 Total revenue$750,610
XI-2 Total expenses$124
XI-3 Revenue less expenses$750,486
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$750,486

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

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