Midwest Theological Forum Inc
- Assets
- $10.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Downers Grove, IL
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 36-3953023
Organization Overview
Midwest Theological Forum Inc is located in Downers Grove, IL. The organization was established in 1995. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Midwest Theological Forum Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Theological Forum 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 12/2021, Midwest Theological Forum Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION, TRANSLATION, AND DISTRIBUTION OF RELIGIOUS BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PUBLICATION, TRANSLATION, AND DISTRIBUTION OF RELIGIOUS BOOKS INCLUDING A HANDBOOK OF CANON LAW, SACREMENTAL REALISM, PRINER OF DIVINE REVELATIONS, DAILY ROMAN MISSAL, AND PRIESTLY CELIBACY TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmundo Martinez Executive Director/treasurer | OfficerTrustee | 40 | $89,970 |
Randal Powers Secretary | OfficerTrustee | 30 | $32,597 |
Rev Peter Armenio President | OfficerTrustee | 2 | $0 |
Ralph Areste Member | Trustee | 2 | $0 |
Jim Beecher Member | Trustee | 2 | $0 |
Ramil Fajardo Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,728 |
| Total Program Service Revenue | $0 |
| Investment income | $93,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,486 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $973,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,335,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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. | $122,567 |
| Compensation of current officers, directors, key employees. | $122,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,160 |
| Payroll taxes | $52,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,156 |
| Fees for services: Accounting | $3,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,364 |
| Office expenses | $49,283 |
| Information technology | $4,113 |
| Royalties | $22,545 |
| Occupancy | $76,224 |
| Travel | $1,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,550 |
| All other expenses | $14,763 |
| Total functional expenses | $1,139,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,923,085 |
| Savings and temporary cash investments | $7,065,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,346,531 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,388,161 |
| Accounts payable and accrued expenses | $22,206 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $125,000 |
| Other liabilities | $0 |
| Total liabilities | $147,206 |
| Net assets without donor restrictions | $10,240,955 |
| Net assets with donor restrictions | $0 |
| 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 | $10,388,161 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midwest Theological Forum Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hills Bank Donor Advised Gift Fund North Liberty, IA PURPOSE: General support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |