Civic Intelligence

My Catholic Faith Ministries

EIN 91-2038187 • 501(c)3 • Federal Way, WA

Profile

My Catholic Faith Ministries mission statement and IRS Exempt Purpose - The organization's primary purpose is to engage in activities that help Catholic, Christian people in the general community come alive in faith by encountering the truth and love of God revealed by Jesus Christ and the Catholic Church. We help those interested gain insight into their lives, their personal growth in work, family and relationships, and their moral and spiritual development as human beings. My Catholic Faith Ministries accomplishes this mission through Sound Insight radio program, MyCatholicFaith.org website, onsite and virtual events to the public, online courses and activities, social media outreaches, RosaryLive.com and educational resources.

PO Box 24886Federal Way, WA 98093

www.mycatholicfaith.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-89%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $3,097 (-100%) from 2016

Liabilities

Down

$0

Down $11,697 (-100%) from 2016

Net Assets

Up

$0

Up $8,600 (+100%) from 2016

Revenue

Down

$18,254

Down $153,875 (-89%) from 2016

Expenses

Down

$9,654

Down $240,686 (-96%) from 2016

Net Income

Up

$8,600

Up $86,811 (+111%) from 2016

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $78,600Liabilities 2010: $18,590Net Assets 2010: $60,0102010Assets 2011: $88,377Liabilities 2011: $8,024Net Assets 2011: $80,3532011Assets 2012: $111,529Liabilities 2012: $5,369Net Assets 2012: $106,1602012Assets 2013: $66,057Liabilities 2013: -$310Net Assets 2013: $66,3672013Assets 2014: $66,837Liabilities 2014: $0Net Assets 2014: $66,8372014Assets 2015: $70,195Liabilities 2015: $584Net Assets 2015: $69,6112015Assets 2016: $3,097Liabilities 2016: $11,697Net Assets 2016: -$8,6002016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $339,6942010Expenses 2011: $325,4272011Expenses 2012: $369,0772012Revenue 2013: $384,620Expenses 2013: $424,413Net Income 2013: -$39,7932013Revenue 2014: $341,172Expenses 2014: $340,702Net Income 2014: $4702014Revenue 2015: $279,442Expenses 2015: $276,668Net Income 2015: $2,7742015Revenue 2016: $172,129Expenses 2016: $250,340Net Income 2016: -$78,2112016Revenue 2017: $18,254Expenses 2017: $9,654Net Income 2017: $8,6002017

Highlighted filing

2017

Revenue$18,254
Expenses$9,654
Net Income$8,600

Filings

Latest Detailed Filing

The latest 2017 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 4, 2016
Return Version
2015v2.1
Gross Receipts
$303,738
Mission and Program Overview

Mission

My Catholic Faith Ministries mission statement and IRS Exempt Purpose - The organization's primary purpose is to engage in activities that help Catholic, Christian people in the general community come alive in faith by encountering the truth and love of God revealed by Jesus Christ and the Catholic Church. We help those interested gain insight into their lives, their personal growth in work, family and relationships, and their moral and spiritual development as human beings. My Catholic Faith Ministries accomplishes this mission through Sound Insight radio program, MyCatholicFaith.org website, onsite and virtual events to the public, online courses and activities, social media outreaches, RosaryLive.com and educational resources.

The primary purpose of My Catholic Faith Ministries is to engage in activities that foster the Catholic faith formation of people in all walks of life and in communities locally, nationally and internationally.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$66,837$69,611▲ $2,774
Savings and Temporary Cash Investments$40,930$50,051▲ $9,121
Inventories for Sale or Use$20,446$13,672▼ $6,774
Pledges and Grants Receivable$2,820$3,985▲ $1,165
Cash and Non-Interest-Bearing Accounts$1,640$1,365▼ $275
Receivable From Disqualified Prsn$0$625▲ $625
Land, Buildings, and Equipment, Net$1,001$497▼ $504
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$66,837$70,195▲ $3,358
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$584▲ $584
Grants Payable$0$0→ $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$584▲ $584
Net Assets / Fund Balance
Total Net Assets Fund Balance$66,837$69,611▲ $2,774
Total Liabilities and Net Assets / Fund Balance$66,837$70,195▲ $3,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$497$9,114$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Thomas CurranDirector/PresidentFT$88,100$88,100
Katy LeslieSecretaryPT$4,165$4,165
Michelle VaughanTreasurerPT$168$168

Board Members and Trustees

NameTitle
Kari CurranVice President
Martha McKennaBoard Member
Thomas CookeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$181,502
Program Service Revenue
$36,076
Investment Income
$10
Other Revenue
$61,854
All Other Contributions
$181,502
Change in Net Assets
$2,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$231,747
Other Expenses$44,921
Total Fundraising Expense$8,755
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,337$4,531$3,398$113,266
Other Salaries and Wages$85,904$3,695$2,771$92,370
Payroll Taxes$14,766$635$476$15,877
Office Expenses$10,217$329$688$11,234
Other Employee Benefits$9,518$409$307$10,234
Interest$6,184$266$199$6,649
Information Technology$3,333$3,060$108$6,501
All Other Expenses$3,969$115$545$4,629
Fees for Services Other$3,200$0$0$3,200
Travel$2,441$0$0$2,441
Fees for Services Legal$1,953$84$63$2,100
Royalties$1,717$74$55$1,846
Fees for Services Management$120$1,505$4$1,629
Occupancy$1,296$56$42$1,394
Insurance$1,269$55$41$1,365
Advertising$1,172$50$38$1,260
Depreciation Depletion$470$20$15$505
Fees for Services Accounting$156$7$5$168
Total Functional Expenses$253,022$14,891$8,755$276,668
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons$0$625▲ $625
Loans from Officers, Directors, Trustees, and Key Employees$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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

Dr. Tom Curran is the paid Executive Director of the organization and the President of the Board of Directors. Dr. Curran's wife, Kari Curran, serves as the Vice President on the Board of Directors, an unpaid position. Kari Curran's sister, Martha McKenna, serves as an individual member on the Board of Directors, an unpaid position. Katy Leslie is a key employee of My Catholic Faith Ministries and serves as the Secretary on the Board of Directors.

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

Board members are emailed the Form 990 for review before it is submitted to the IRS. Each Board member receives a hard copy of the Form 990 at our annual meeting. A summary of the form is presented and members may ask questions or make comments. The Treasurer is prepared with supplemental documents and financials reports in order to answer questions and facilitate discussion.

Form 990, Part VI, Section B, Line 12C

The Conflict of Interest policy is reviewed at the Annual Board meeting and is also discussed at staff meetings (as needed) each year to ensure that all staff are aware of its contents and how it affects them in the workplace.

Form 990, Part VI, Section B, Line 15

The Board of Directors reviews the Executive Director's salary at the annual meeting. If it is determined that an increase is warranted, then there is a vote for this purpose. The Executive Director and his wife are excused from the discussion and the execution of this vote. The Treasurer brings to the meeting at least three written examples (with supporting documentation) of the annual salaries of Directors of organizations that are similar in size, purpose or annual revenue. These documents are taken into consideration when setting the Directors' salary. In addition, the Board considers the financial state of the organization and the Directors' performance.

Form 990, Part VI, Section C, Line 19

The Form 990 and all attachments and policies are available upon request and by appointment at the organization's office or by mail. In addition, the Form 990 is available for viewing online at GuideStar.org.

Filing and Contact Details

Filer

Filer Name
My Catholic Faith Ministries
EIN
91-2038187
Phone
8887659269
Address
PO Box 24886, Federal Way, WA 98093

Signing Officer

Name
Thomas Curran
Title
Director/President
Phone
2537977801
Signed
2016-08-04

Organization Details

Principal Officer
Thomas A Curran
Formed
2000
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
2
Employees
9
Volunteers
90
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

In the middle of 2015, Dr. Tom Curran, the Executive Director and President of My Catholic Faith Ministries made a decision to no longer offer live event speaking services outside the office (e.g. at churches or retreat centers) through the ministry. This was related to a shift in strategy for how the ministry would generate revenue and utilize Dr. Curran's time, and also permit Dr. Curran to provide this type of speaking service through other channels.

Raw XML AppendixShowing 400 of 624 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/MissionDesc0My Catholic Faith Ministries mission statement and IRS Exempt Purpose - The organization's primary purpose is to engage in activities that help Catholic, Christian people in the general community come alive in faith by encountering the truth and love of God revealed by Jesus Christ and the Catholic Church. We help those interested gain insight into their lives, their personal growth in work, family and relationships, and their moral and spiritual development as human beings. My Catholic Faith Ministries accomplishes this mission through Sound Insight radio program, MyCatholicFaith.org website, onsite and virtual events to the public, online courses and activities, social media outreach and educational resources.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Radio and Internet: Radio - Sound Insight Radio program on Sacred Heart Radio (1050AM Seattle, 970AM Spokane, 88.1FM Yakima,1240AM Olympia, 88.3FM Kodiak, AK and 1360AM Amarillo, TX) continues to be an extremely popular show on all stations. Sound Insight is on the air for 2 hours every weekday at 8 am and 9 pm in Seattle, Spokane, Yakima and Olympia and Kodiak, AK and at 12 pm in TX on Monday through Thursday. During the program, Dr. Curran offers listeners insight into their faith by drawing on his theological knowledge, personal insight, experience, scripture, Church teachings and writings of the Saint. He also weaves in humor, engaging stories and guest interviews to add variety and interest for listeners from every walk of life. Based on our data from semi-annual pledge drives, the number of listeners is growing and they highly value the program. Internet and Social Media- MyCatholicFaith.org, the ministry website, is the online location for the variety of resources that this ministry offers to Catholics who are hungry to grow in their faith. On the site, viewers will find: 1) Podcasts and descriptions of the Sound Insight daily programs, 2) a store full of Catholic resources (books, CDs, DVDs and MP3s). The ministry's internet outreach also includes a growing Facebook fanpage, "I Love My Catholic Faith by MyCatholicFaith.org" which feature daily posts and over 2 million followers.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Faith Formation Resources - The ministry produces thousands of high quality, affordable books, and presentations on CD, DVD and MP3 download. We focus our production on several authors/presenters - Dr. Tom Curran Prof. Janet E. Smith and Dr. Mary Healy, although we carry resources by other popular authors as well (Mark Shea, Carl Olson, Fr. Tom Vandenburg, etc.) Dr. Tom Curran's three books have continued to sell well with approximately 1000 copies sold this year. My Catholic Faith Ministries continues to be the sole producer of audio resources by Prof. Janet E. Smith. The new edition of Contraception: Why Not (3rd Edition), a world renowned presentation, has sold more than 10,000 copies this year. All of the print and audio/video resources produced by this ministry are intended to inspire, equip and nurture the spiritual growth of the recipient. The items are sold at prices below the market value for comparable secular products and some are donated to individuals and groups who could not afford them.
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