CATHOLIC FOUNDATION OF MICHIGAN

EIN: 814107324 501(c)(3) Religion

BLOOMFIELD HILLS, MI

Total Revenue
$8,719,246
Total Expenses
$8,254,177
Total Assets
$54,339,838
Net Assets
$25,937,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MI
Principal Officer
ANGELA MOLONEY
Phone
2482040332
Tax Period
2024-01-01 to 2024-12-31

CATHOLIC FOUNDATION OF MICHIGAN, founded in 2016, is a community nonprofit in the Religion sector that reported $8.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $8.3M left a modest 5% surplus.

Mission

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES CHARITABLE GIVING AND ASSISTS DONORS IN INVESTING IN THE FUTURE OF CATHOLIC PARISHES, SCHOOLS AND NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $7,425,670

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN CHARITABLE GIVING IN LINE WITH THEIR FAITH. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE MINISTRIES OF MICHIGAN BY...

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THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN CHARITABLE GIVING IN LINE WITH THEIR FAITH. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE MINISTRIES OF MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS, SCHOLARSHIPS, AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS, AND NON-PROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS. IN 2024, 30 NEW FUNDS WERE ESTABLISHED TO PROVIDE BENEFIT TO THE COMMUNITY. AT THE CLOSE OF THE YEAR, 360 NON-PROFITS BENEFITED FROM COMPETITIVE AND DONOR DIRECTED GRANTS IN ADDITION TO ENDOWMENT DISTRIBUTIONS TOTALING APPROXIMATELY $7,072,000.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,111,943
Program Service Revenue $0
Investment Income $1,209,537
Other Revenue $397,766
TOTAL REVENUE $8,719,246

Expense Breakdown

Grants Paid $7,071,983
Salaries & Benefits $486,221
Fundraising Expenses $40,621
Program Expenses $7,425,670
Other Expenses $695,973
TOTAL EXPENSES $8,254,177

Year-over-Year Comparison

2024 2023 Change
Revenue $8,719,246 $9,194,802 -0.1%
Expenses $8,254,177 $6,065,107 +0.4%
Net Income $465,069 $3,129,695 -0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
35
Employees
4
Volunteers
36

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
5
$184,517
Total Directors
36
$184,517
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA MOLONEY PRESIDENT & CEO 40.00
Officer Director
$139,217 $45,300 $184,517
CHRIS ALLEN CHAIR 4.00
Officer Director
$0 $0 $0
DON KUNZ SECRETARY 4.00
Officer Director
$0 $0 $0
HARRY CENDROWSKI TREASURER 4.00
Officer Director
$0 $0 $0
BEVERLY BELTRAMO DIRECTOR 4.00
Director
$0 $0 $0
SCOTT BENNETT DIRECTOR 4.00
Director
$0 $0 $0
ROSANNE BOMMARITO BRUGNONI DIRECTOR 4.00
Director
$0 $0 $0
REV JEFFREY DAY DIRECTOR 4.00
Director
$0 $0 $0
GREGORY DEMARS VICE-CHAIR 4.00
Officer Director
$0 $0 $0
BRIAN DEMKOWICZ DIRECTOR 4.00
Director
$0 $0 $0
DONALD ENGLE DIRECTOR 4.00
Director
$0 $0 $0
THOMAS FABBRI DIRECTOR 4.00
Director
$0 $0 $0
PAT FEHRING DIRECTOR 4.00
Director
$0 $0 $0
GREGORY FISHER DIRECTOR 4.00
Director
$0 $0 $0
CHRIS FERLITO DIRECTOR 4.00
Director
$0 $0 $0
JOHN HALE DIRECTOR 4.00
Director
$0 $0 $0
JIM KEYES DIRECTOR 4.00
Director
$0 $0 $0
GENE LOVASCO DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL MADISON DIRECTOR 4.00
Director
$0 $0 $0
VINCE MASTRANGELO DIRECTOR 4.00
Director
$0 $0 $0
KATHLEEN MCCANN DIRECTOR 4.00
Director
$0 $0 $0
CATHERINE MCNAMARA DIRECTOR 4.00
Director
$0 $0 $0
KAREN MERSINO DIRECTOR 4.00
Director
$0 $0 $0
FRANK MIGLIAZZO DIRECTOR 4.00
Director
$0 $0 $0
DOUG NOBLE DIRECTOR 4.00
Director
$0 $0 $0
STEPHANIE QUESNELLE DIRECTOR 4.00
Director
$0 $0 $0
FRANK RONEY DIRECTOR 4.00
Director
$0 $0 $0
ANTHONY SCHENA DIRECTOR 4.00
Director
$0 $0 $0
THOMAS SCHOLLER DIRECTOR 4.00
Director
$0 $0 $0
MARIA SCOTT DIRECTOR 4.00
Director
$0 $0 $0
ANDREW SHMINA DIRECTOR 4.00
Director
$0 $0 $0
MOST REV ALLEN VIGNERON DIRECTOR 4.00
Director
$0 $0 $0
MICHAEL VLASIC DIRECTOR 4.00
Director
$0 $0 $0
STEFAN WANCZYK DIRECTOR 4.00
Director
$0 $0 $0
DANIEL WEINGARTZ DIRECTOR 4.00
Director
$0 $0 $0
AARON WILKERSON DIRECTOR 4.00
Director
$0 $0 $0
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 $8,719,246 $8,254,177 $54,339,838 $465,069
2023 $9,194,802 $6,065,107 $48,191,733 $3,129,695
2022 $20,315,357 $7,342,550 $38,406,383 $12,972,807
2021 $12,618,743 $3,975,132 $29,975,322 $8,643,611
2020 $4,586,504 $3,232,982 $19,388,147 $1,353,522
2019 $9,240,451 $1,622,193 $16,445,551 $7,618,258
2018 $4,801,576 $1,196,014 $7,330,617 $3,605,562
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