Roman Catholic Communications Corporation Of The Bay Area
- Assets
- $20.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Menlo Park, CA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 94-2714877
Organization Overview
Roman Catholic Communications Corporation Of The Bay Area, operating under the name Catholic Telemedia Network, is located in Menlo Park, CA. The organization was established in 1946. 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 06/2023, Catholic Telemedia Network employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Telemedia Network 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 06/2023, Catholic Telemedia Network generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.0m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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 2016, Catholic Telemedia Network has awarded 18 individual grants totaling $35,910,744. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CTN PROVIDES MULTI-MEDIA EDUCATION TECHNOLOGY SERVICES TO TEACHERS AND STUDENTS IN BAY AREA CATHOLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CTN PROVIDES ONLINE EDUCATIONAL RESOURCES TO CATHOLIC SCHOOLS THROUGHOUT THE U.S. THESE RESOURCES INCLUDE THE LATEST MATH, SCIENCE AND ENGLISH PROGRAMS AVAILABLE TODAY AS WELL AS OUR UNIQUE CATHOLIC TEACHER RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Loiacono Executive Director | OfficerTrustee | 40 | $200,880 |
Paul Bongiovanni Director | Trustee | 1 | $0 |
Rev Brendan Mcguire Director | Trustee | 1 | $0 |
Andrew Currier Director | Trustee | 1 | $0 |
Jennifer Beltramo Director | Trustee | 1 | $0 |
Deacon Eric Simontis Director (from 3/17/2022) | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,433,585 |
| Investment income | $56,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,782,025 |
| 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 | $7,271,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000,000 |
| 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. | $243,906 |
| Compensation of current officers, directors, key employees. | $175,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,807 |
| Payroll taxes | $28,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,118 |
| Fees for services: Accounting | $7,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,781 |
| Advertising and promotion | $0 |
| Office expenses | $68,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,280 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,954,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $706,015 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $975,878 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,226,639 |
| Net Land, buildings, and equipment | $1,317 |
| Investments—publicly traded securities | $1,271,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,981,455 |
| Total assets | $20,162,371 |
| Accounts payable and accrued expenses | $33,721 |
| Grants payable | $3,600,000 |
| Deferred revenue | $4,620,646 |
| 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 | $8,254,367 |
| Net assets without donor restrictions | $11,908,004 |
| 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 | $20,162,371 |
Grants Awarded
Over the last fiscal year, Roman Catholic Communications Corporation Of The Bay Area has awarded $5,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROMAN CATHOLIC DIOCESE OF SAN JOSE PURPOSE: SUPPORT RELIGIOUS AND EDUCATIONAL PURPOSES. | $2,500,000 |
ROMAN CATHOLIC DIOCESE OF OAKLAND PURPOSE: SUPPORT RELIGIOUS AND EDUCATIONAL PURPOSES. | $2,500,000 |