Icatholic Media Inc
- Assets
- $61.6m
- Revenue
- $14.3m
- Investments
- $24.8m
- Employees
- 57
- Location
- Watertown, MA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 04-2395520
Organization Overview
Icatholic Media Inc is located in Watertown, MA. The organization was established in 1946. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Icatholic Media Inc employed 57 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Icatholic Media Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Icatholic Media Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Icatholic Media Inc has awarded 19 individual grants totaling $180,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND RELIGIOUS PROGRAMMING ON TELEVISION, PUBLICATIONS, NEWS MEDIA AND OTHER ELECTRONIC/PRINT COMMUNICATION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL AND RELIGIOUS PROGRAMMING ON TELEVISION.
PROVIDED PUBLICATIONS/NEWS MEDIA TO THE ROMAN CATHOLIC COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Fadden Secretary/general Manager | Officer | 40 | $187,346 |
Richard Mosley Operations And Finance | 40 | $162,083 | |
Mark Quella Chief Engineer | 40 | $158,058 | |
Antonio Enrique President, Pilot Media Group | 40 | $129,479 | |
Kenneth Romano Bulletin Sales Director | 40 | $116,013 | |
Peter Kaminski Production Director | 40 | $108,953 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faith Catholic Printing And Marketing | 6/29/17 | $179,710 |
New England Sports Network Satellite Services | 6/29/17 | $124,884 |
Akamai Technologies Inc Internet Streaming | 6/29/17 | $102,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,827,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,827,281 |
| Total Program Service Revenue | $7,535,951 |
| Investment income | $949,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,295,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $194,464 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,297,724 |
| Pension plan accruals and contributions | $119,939 |
| Other employee benefits | $545,378 |
| Payroll taxes | $248,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,727 |
| Fees for services: Accounting | $32,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $347,392 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $879,087 |
| Insurance | $0 |
| All other expenses | $1,287,286 |
| Total functional expenses | $9,910,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,600 |
| Savings and temporary cash investments | $2,455,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,648 |
| Net Land, buildings, and equipment | $7,206,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,755,212 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,176,637 |
| Total assets | $61,629,216 |
| Accounts payable and accrued expenses | $368,152 |
| Grants payable | $0 |
| Deferred revenue | $1,033,491 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $292,640 |
| Total liabilities | $1,694,283 |
| Net assets without donor restrictions | $53,188,958 |
| Net assets with donor restrictions | $6,745,975 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $61,629,216 |
Grants Awarded
Over the last fiscal year, Icatholic Media Inc has awarded $90,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Brockton, MA PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
ST AGNES SCHOOL PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
OUR LADY OF ASSUMPTION PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
MAMMTS SCHOLARSHIP PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
IMMACULATE CONCEPTION - REVERE PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
JULIE'S FAMILY LEARNING CENTER PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Icatholic Media Inc has recieved totaling $78,448.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $72,480 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,083 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $885 |
Endowment Analysis
| Beg. Balance | $8,582,393 |
| Earnings | -$1,497,661 |
| Other Expense | -$338,757 |
| Ending Balance | $6,745,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icatholic Media Inc Watertown, MA | $61,629,216 | $14,295,555 |
North American Catholic Educational Programming Foundation Inc Johnston, RI | $112,778,548 | $21,034,259 |
Focus In Chinuch Inc Monroe, NY | $2,386,995 | $7,187,365 |
Torah Center For Higher Rabbinical Studies Inc Brooklyn, NY | $48,469 | $4,157,555 |
Odyssey Impact Inc New York, NY | $1,159,274 | $2,787,083 |
The Veritas Forum Inc Cambridge, MA | $3,821,584 | $3,531,628 |
The Word Forum Inc Katonah, NY | $525,474 | $1,366,303 |
Lahak Hanochos Inc Brooklyn, NY | $1,010,421 | $1,261,386 |
Aliento Vision Hispanic Family Network Inc Corona, NY | $123,445 | $1,074,940 |
Sound Of Life Inc Lake Katrine, NY | $610,471 | $874,575 |
Servant Of Jesus & Mary Malone, NY | $483,722 | $495,612 |
Paul And Irene Bogoni Operating Foundation New York, NY | $338,015 | $0 |