Catholic Foundation of Michigan

Nonprofit profile at a glance

EIN
814107324
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Bloomfield Hills, MI, United States
Phone
248.204.0332
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution
Affiliation
Christianity

Official website

Reported finances

Revenue
$8,719,246
Expenses
$8,254,177
Assets
$54,339,838
Liabilities
$28,402,710

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • ANGELA MOLONEY (PRESIDENT & CEO)

Highest reported compensation

  • ANGELA MOLONEY (PRESIDENT & CEO): $184,517 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Catholic Foundation of Michigan inspires charitable giving and assists donors in investing in the future of Catholic parishes, schools and nonprofit organizations. | > ### _The Catholic Foundation of Michigan inspires charitable giving and assists donors in investing in the. No. The Catholic Foundation hopes everyone in the Catholic community will participate in the spirit of charitable giving. There is no minimum requirement to contribute to an existing fund. Gifts of any size are welcome, and are essential to the Foundation’s mission. Can I donate to non-Catholic organizations? Yes, donors may give to any 501(c)(3) charitable organization that serves the needs of the community and does not conduct business contrary to Catholic teachings. Your funds can go toward your school or university, a civic cause, a cultural institution, or any qualifying charitable organization operating...

What it reported doing in 2024

The catholic foundation of Michigan inspires and unites catholics in charitable giving in line with their faith. We assist donors in providing for the long-term needs of the ministries of Michigan by providing socially/morally responsible charitable tools such as donor advised funds, scholarships, and endowments to benefit parishes, schools, and non-profits to build a sustainable philanthropic plan in line with catholic teachings. In 2024, 30 new funds were established to provide benefit to the community. At the close of the year, 360 non-profits benefited from competitive and donor directed grants in addition to endowment distributions totaling approximately $7,072,000.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 75
  • Accountability: 98
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.2%; rating input score 87
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: $175.08 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.2%; rating input score 92; 27th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.2%; rating input score 97; 27th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 6.58; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 30.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 17.4% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 30.2% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 87.2% of revenue deployed · 90% of spending went to programs
  • Governance: 35 of 36 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $7.4M in reported program spending
  • Leadership: top reported pay $185K · 36 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 105 filed money-flow records
  • Related organizations: 94 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.