NORTH AMERICAN CATHOLIC EDUCATIONAL PROGRAMMING FOUNDATION INC

EIN: 223032456 501(c)(3) Religion

JOHNSTON, RI

Total Revenue
$20,814,113
Total Expenses
$17,451,843
Total Assets
$133,172,807
Net Assets
$120,868,569
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
RI
Principal Officer
JOHN PRIMEAU
Phone
4019341100
Tax Period
2023-10-01 to 2024-09-30

NORTH AMERICAN CATHOLIC EDUCATIONAL PROGRAMMING FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Religion sector that reported $20.8M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $3.4M, a strong 16% operating margin.

Mission

NACEPF'S EDUCATIONAL BROADBAND SERVICE ("EBS" 47 CFR 27.1203), FORMERLY TERMED INSTRUCTIONAL TELEVISION FIXED SERVICE ("ITFS" 47 CFR 74.901), PROVIDES EDUCATIONAL AND RELIGIOUS PROGRAMMING AND BROADBAND ACCESS SERVICES TO SCHOOLS, LIBRARIES, HEALTH, HOUSING AND REHABILITATION FACILITIES, AND OTHER PUBLIC INSTITUTIONS AND NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $10,000,000 Revenue: $0

NACEPF PROVIDED A GRANT TO MARY'S MEALS, A NONPROFIT THAT PROVIDES ONE NUTRITIOUS DAILY MEAL IN A PLACE OF EDUCATION IN SOME OF THE POOREST AREAS OF THE WORLD. 64 MILLION OF THE WORLD'S HUNGRIEST...

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NACEPF PROVIDED A GRANT TO MARY'S MEALS, A NONPROFIT THAT PROVIDES ONE NUTRITIOUS DAILY MEAL IN A PLACE OF EDUCATION IN SOME OF THE POOREST AREAS OF THE WORLD. 64 MILLION OF THE WORLD'S HUNGRIEST CHILDREN DO NOT ATTEND SCHOOL. IN ORDER TO SURVIVE, THEY HAVE TO BEG OR WORK. WITH MARY'S MEALS PROGRAM, CHILDREN ARE MOTIVATED TO ATTEND SCHOOL TO RECEIVE A MEAL WHILE MAKING THE MOST OF THEIR EDUCATION. NACEPF'S DONATION ENABLED MARY'S MEALS TO FEED AND SUPPORT 199,000 CHILDREN IN ZAMBIA, MALAWI, KENYA, SYRIA, HAITI, SOUTH SUDAN, AND ETHIOPIA.

Program 2
Expenses: $3,965,135 Revenue: $16,949,232

PROVIDED 4G AND 5G HIGH-SPEED, FREE OR LOW-COST, MOBILE BROADBAND SERVICE TO SCHOOLS, LIBRARIES, NONPROFITS, SOCIAL WELFARE AND HEALTHCARE ORGANIZATIONS TO INCREASE EDUCATIONAL AND WORKFORCE...

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PROVIDED 4G AND 5G HIGH-SPEED, FREE OR LOW-COST, MOBILE BROADBAND SERVICE TO SCHOOLS, LIBRARIES, NONPROFITS, SOCIAL WELFARE AND HEALTHCARE ORGANIZATIONS TO INCREASE EDUCATIONAL AND WORKFORCE DEVELOPMENT OPPORTUNITIES, DIGITAL LITERACY, AND BROADBAND AVAILABILITY IN BOTH METROPOLITAN AND RURAL AREAS THROUGHOUT THE UNITED STATES. WE PROVIDED CRITICAL BROADBAND SERVICE TO MORE THAN 8,921 EDUCATIONAL AND NONPROFIT ORGANIZATIONS ACROSS ALL 50 STATES, WASHINGTON DC, AND PUERTO RICO. OUR UNLIMITED BROADBAND ACCOUNTS DELIVERED MORE THAN 50,683,413 GB OF DATA TO KEEP COMMUNITIES CONNECTED WHEN AND WHERE THEY NEEDED IT.

Program 3
Expenses: $920,901 Revenue: $1,497,565

MOBILE BEACON DONATED 11,363 DEVICES TO SCHOOLS, LIBRARIES, NONPROFITS AND EDUCATIONAL INSTITUTIONS DURING THE FISCAL YEAR. WITH THESE DONATED DEVICES AND REDUCED-COST, UNLIMITED DATA PLANS, THESE...

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MOBILE BEACON DONATED 11,363 DEVICES TO SCHOOLS, LIBRARIES, NONPROFITS AND EDUCATIONAL INSTITUTIONS DURING THE FISCAL YEAR. WITH THESE DONATED DEVICES AND REDUCED-COST, UNLIMITED DATA PLANS, THESE ORGANIZATIONS HAD THE BROADBAND ACCESS THEY NEEDED TO FULFILL THEIR MISSIONS, EXPAND PROGRAM SERVICES IN THEIR COMMUNITIES, AND CONNECT THEIR CONSTITUENTS WHO OTHERWISE LACKED ACCESS TO TECHNOLOGY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,237,769
Investment Income $2,301,214
Other Revenue $275,130
TOTAL REVENUE $20,814,113

Expense Breakdown

Grants Paid $11,502,291
Salaries & Benefits $2,868,519
Fundraising Expenses $0
Program Expenses $15,272,355
Other Expenses $3,081,033
TOTAL EXPENSES $17,451,843

Year-over-Year Comparison

2023 2022 Change
Revenue $20,814,113 $22,545,918 -0.1%
Expenses $17,451,843 $13,423,704 +0.3%
Net Income $3,362,270 $9,122,214 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
N/A
Employees
32
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$396,942
Total Directors
2
$209,365
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN PRIMEAU PRESIDENT, TREASURER & DIR 60.00
Officer Director
$178,470 $30,895 $209,365
IRENE PRIMEAU DIRECTOR 0.10
Director
$0 $0 $0
KATHERINE PRIMEAU V. PRESIDENT, SECRETARY & 42.00
Officer
$160,857 $26,720 $187,577
LUZ CRISTINA GRAHAM DIRECTOR OF OPERATIONS, AD 43.00
Highest
$174,935 $29,974 $204,909
RICHARD LINDHOLM SALES MANAGER 33.75
Highest
$104,481 $16,885 $121,366
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $20,814,113 $17,451,843 $133,172,807 $3,362,270
2023 $22,545,918 $13,423,704 $125,299,048 $9,122,214
2022 $20,927,795 $9,500,194 $120,304,265 $11,427,601
2021 $21,034,259 $6,923,131 $112,778,548 $14,111,128
2020 $17,523,295 $9,230,231 $101,847,199 $8,293,064
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