Civic Intelligence

Catholic Financial Life Foundation Inc

EIN 20-4780760 • 501(c)3 • Milwaukee, WI

Profile

The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen individuals, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and providing financial vehicles to accomplish philanthropic objectives.

1100 W Wells StreetMilwaukee, WI 53233

www.catholicfinanciallife.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$558,701

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 69.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

9.2%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,488,158

Up $294,105 (+9.2%) from 2023

Liabilities

Up

$50,000

Up $50,000 from 2023

Net Assets

Up

$3,438,158

Up $244,105 (+7.6%) from 2023

Revenue

Down

$806,994

Down $24,148 (-2.9%) from 2023

Expenses

Up

$500,062

Up $124,726 (+33%) from 2023

Net Income

Down

$306,932

Down $148,874 (-33%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $653,933Liabilities 2011: $0Net Assets 2011: $653,9332011Assets 2012: $531,210Liabilities 2012: $0Net Assets 2012: $531,2102012Assets 2013: $649,714Liabilities 2013: $0Net Assets 2013: $649,7142013Assets 2014: $581,605Liabilities 2014: $0Net Assets 2014: $581,6052014Assets 2015: $756,505Liabilities 2015: $0Net Assets 2015: $756,5052015Assets 2016: $1,017,334Liabilities 2016: $0Net Assets 2016: $1,017,3342016Assets 2017: $2,147,388Liabilities 2017: $0Net Assets 2017: $2,147,3882017Assets 2018: $2,226,063Liabilities 2018: $0Net Assets 2018: $2,226,0632018Assets 2019: $2,359,293Liabilities 2019: $0Net Assets 2019: $2,359,2932019Assets 2020: $2,373,074Liabilities 2020: $0Net Assets 2020: $2,373,0742020Assets 2021: $2,844,086Liabilities 2021: $0Net Assets 2021: $2,844,0862021Assets 2022: $2,517,745Liabilities 2022: $2,979Net Assets 2022: $2,514,7662022Assets 2023: $3,194,053Liabilities 2023: $0Net Assets 2023: $3,194,0532023Assets 2024: $3,488,158Liabilities 2024: $50,000Net Assets 2024: $3,438,1582024

Highlighted filing

2024

Assets$3,488,158
Liabilities$50,000
Net Assets$3,438,158

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $149,4002011Expenses 2012: $154,6862012Revenue 2013: $283,734Expenses 2013: $184,217Net Income 2013: $99,5172013Revenue 2014: $232,681Expenses 2014: $299,576Net Income 2014: -$66,8952014Revenue 2015: $371,113Expenses 2015: $182,075Net Income 2015: $189,0382015Revenue 2016: $558,990Expenses 2016: $288,442Net Income 2016: $270,5482016Revenue 2017: $1,369,945Expenses 2017: $421,078Net Income 2017: $948,8672017Revenue 2018: $363,525Expenses 2018: $252,947Net Income 2018: $110,5782018Revenue 2019: $175,675Expenses 2019: $304,903Net Income 2019: -$129,2282019Revenue 2020: $166,102Expenses 2020: $233,941Net Income 2020: -$67,8392020Revenue 2021: $597,861Expenses 2021: $135,628Net Income 2021: $462,2332021Revenue 2022: $424,446Expenses 2022: $373,239Net Income 2022: $51,2072022Revenue 2023: $831,142Expenses 2023: $375,336Net Income 2023: $455,8062023Revenue 2024: $806,994Expenses 2024: $500,062Net Income 2024: $306,9322024

Highlighted filing

2024

Revenue$806,994
Expenses$500,062
Net Income$306,932

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.49$0.05$3.44$0.81$0.50$0.31
2023Detailed filing. Detailed filing data is available for this year.$3.19$0.00$3.19$0.83$0.38$0.46
2022Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.51$0.42$0.37$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.60$0.14$0.46
2020Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.17$0.23$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$0.18$0.30$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.36$0.25$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$1.37$0.42$0.95
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.56$0.29$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.37$0.18$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.23$0.30$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.28$0.18$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$2,414,003
Mission and Program Overview

Mission

The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen Catholic Financial Life, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting the charitable outreach of our branches, educating members about philanthropy and planned giving, and providing financial vehicles to help members accomplish their philanthropic objectives.

Provide grants to students attending Catholic educational institutions and support charitable outreach and philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$3,194,056$3,438,158▲ $244,102
Investments in Publicly Traded Securities$2,482,198$3,097,231▲ $615,033
Accounts Receivable$250,000$250,000→ $0
Cash and Non-Interest-Bearing Accounts$451,588$136,289▼ $315,299
Investments Other Securities$6,723$2,111▼ $4,612
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$3,194,056$3,488,158▲ $294,102
Other Assets Total$3,547$2,527▼ $1,020
Liabilities
Accounts Payable and Accrued Expenses$0$50,000▲ $50,000
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$50,000▲ $50,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,194,056$3,438,158▲ $244,102
Total Liabilities and Net Assets / Fund Balance$3,194,056$3,488,158▲ $294,102

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,892,951$20,000▲ $182,244$0$1,990,963
2023$1,758,492$0▲ $239,617$0$1,892,951
2022$2,112,715$0▼ $258,675$0$1,758,493
2021$2,010,779$0▲ $197,071$0$2,112,714
2020$1,924,920$0▲ $155,322$0$2,010,781
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John T BorgenPresident$343,983$214,718$558,701
Sara J WalkerDirector$161,285$83,923$245,208
Cynthia E FeldTreasurer$111,054$72,453$183,507
Sally A KrochalkSecretary-$131,975$131,975
Daniel T LloydDirector-$83,151$83,151
William R O'TooleChairman of the Board-$38,000$38,000
Revenue and Support

Revenue Composition

Contributions and Grants
$467,722
Program Service Revenue
$0
Investment Income
$339,272
Other Revenue
$0
All Other Contributions
$107,698
Change in Net Assets
$306,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$487,204
Other Expenses$12,858
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$487,204--$487,204
All Other Expenses$12,858--$12,858
Total Functional Expenses$500,062$0$0$500,062
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Archdiocese of MilwaukeeSt Francis, WI501(c)3Catholic education and general support$109,333
Catholic Relief ServicesHarlan, IA501(c)3Humanitarian relief$80,334
United Community CenterMilwaukee, WI501(c)3General support$52,000
Catholic Charities of the Archdiocese of MilwaukeeSt Francis, WI501(c)3General support$50,000
Partners 4 Hope TanzaniaStillwater, MN501(c)3General support$50,000
Milwaukee Habitat for HumanityMilwaukee, WI501(c)3Community development$37,500
Marquette University College of BusinessMilwaukee, WI501(c)3Education$25,000
St Joan Antida High SchoolMilwaukee, WI501(c)3Catholic education$25,000
St Francis De Sales SeminarySt Francis, WI501(c)3Catholic education$17,424
New Threads Of Hope IncWauwatosa, WI501(c)3Humanitarian relief$10,000
Holy Angels ParishWest Bend, WI501(c)3Catholic education$8,619
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The officers and directors of the Foundation are also officers or directors of Trusted Fraternal Life.

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by select officers and employees of Trusted Fraternal Life for accuracy and completeness.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements of the foundation are available upon request.

Filing and Contact Details

Filer

Filer Name
Catholic Financial Life Foundation Inc
EIN
20-4780760
Phone
4142736266
Address
1100 W Wells Street, Milwaukee, WI 53233

Signing Officer

Name
Cynthia Feld
Title
Treasurer
Phone
4142786513
Signed
2025-11-06

Organization Details

Principal Officer
Cynthia Feld
Formed
2006
Legal Domicile
Wi
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
12
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

All endowment funds are held for the sole use of the Foundation in accordance with its giving guidelines.

Raw XML AppendixShowing 400 of 794 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt00
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IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/InterestGrp/ManagementAndGeneralAmt00
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt091059
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06723
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02111
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02482198
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03097231
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01607009
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IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen individuals, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and providing financial vehicles to accomplish philanthropic objectives.
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IRS990/NetAssetsOrFundBalancesEOYAmt03438158
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NetUnrlzdGainsLossesInvstAmt0-62830
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt00
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt03547
IRS990/OtherAssetsTotalGrp/EOYAmt02527
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0CYNTHIA FELD
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0369485
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069180
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt063955
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt053047
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt063955

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