Iowa Catholic Radio Foundation
- Assets
- $535.2k
- Revenue
- $523.3k
- Investments
- $387.5k
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-1207492
Organization Overview
Iowa Catholic Radio Foundation is located in West Des Moines, IA. The organization was established in 2017. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Catholic Radio Foundation 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, Iowa Catholic Radio Foundation generated $523.3k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IOWA CATHOLIC RADIO FOUNDATION (THE "FOUNDATION") IS A PRIVATE FOUNDATION AND NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF IOWA. IT HAS BEEN ESTABLISHED TO RAISE FUNDS AND UTILIZE THOSE FUNDS TO SUPPORT IOWA CATHOLIC RADIO AND OTHER CATHOLIC MEDIA OUTLETS AS THEY FULFILLRELIGIOUS AND/OR CHARITABLE PURPOSES AS SET FORTH IN 26 U.S.C. § 501 (C)(3). ALL OF THE FUNDS RAISED BY THE FOUNDATION WILL BE UTILIZED SOLELY FOR SAID RELIGIOUS AND/OR CHARITABLE PURPOSES AND FOR THE GENERAL OPERATIONS NECESSARY TO MAINTAIN THE FOUNDATION ITSELF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED THE INAUGURAL CELEBRATE COUNTRY CONCERT STARRING LORRIE MORGAN AND JESSE KEITH WHITLEY. THE PURPOSE OF THE CONCERT WAS TO BUILD COMMUNITY AND SECONDARILY RAISE FUNDS FOR THE FOUNDATION.
THERE IS ONLY ONE PROGRAM SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Ball President | OfficerTrustee | 5 | $0 |
Joe Teeling Secretary | OfficerTrustee | 2 | $0 |
Justin Doyle Vice President | OfficerTrustee | 2 | $0 |
Terry Mcgonigle Treasurer | OfficerTrustee | 2 | $0 |
Terry Handley Director | Trustee | 2 | $0 |
Tom Jackowski Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,944 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,629 |
| Total Program Service Revenue | $0 |
| Investment income | $33,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,034 |
| Fees for services: Other | $75,372 |
| Advertising and promotion | $11,048 |
| Office expenses | $4,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,098 |
| All other expenses | $12,281 |
| Total functional expenses | $112,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| 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 | $7,312 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $387,524 |
| Investments—program-related | $0 |
| Intangible assets | $1,551 |
| Other assets | $0 |
| Total assets | $535,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $0 |
| Total liabilities | $15,000 |
| Net assets without donor restrictions | $520,166 |
| 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 | $535,166 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Iowa Catholic Radio Foundation has recieved totaling $37,550.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $20,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR THE FRIENDS FOUNDATION ADOPT A FAMILY | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,350 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: RELIGION | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marvin M Schwan Charitable Foundation Earth City, MO | $409,431,512 | $16,300,505 |
Brahmananda Saraswati Foundation Fairfield, IA | $96,502,507 | $13,140,832 |
Perception Funding Inc Kansas City, MO | $746,520 | $3,023,889 |
Aim Higher Foundation St Paul, MN | $6,897,588 | $2,438,620 |
Presbyterian Frontier Fellowship Richfield, MN | $5,941,801 | $2,372,271 |
Catholic Community Foundation Kansas City, MO | $9,563,701 | $3,058,896 |
Minnesota Education Trust St Paul, MN | $12,235,946 | $1,363,771 |
Cabc Usa Inc Waukesha, WI | $822,280 | $1,932,888 |
Community Interfaith Food Pantry Belleville, IL | $1,307,668 | $1,205,716 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |
Norwalk Area Ministerial Association Norwalk, IA | $73,039 | $574,226 |
Weaverland Financial Aid Of Wisconsin Loyal, WI | $18,675,718 | $520,520 |