Catholic Loyalty Foundation

Nonprofit profile at a glance

EIN
263808384
IRS 990 coverage
2019–2022
Forms available
Form 990 2022, Form 990-N 2016
Location
Santa Clarita, CA, USA
Phone
6612864334
Rating confidence
Limited
Sector
Roman Catholic
Affiliation
Christianity

Official website

Reported finances

Revenue
$0
Expenses
$997,577
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Tina Ruiz (CEO)

People named in this filing

  • Tina Ruiz (CEO)
  • Tony Ruiz (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate and empower the Catholic Church, ecumenical missions, and faith based organizations and initiatives by offering assistance in the development of a financial empowerment solutions. These solutions enable these organizations to utilize the skills and strengths necessary to transform from communities that struggle monthly to meet their needs, to having financial stability, growth, and prosperity. The Foundation will offer help to achieve such stability, growth and prosperity by many means; including by giving educational seminars on the local, regional, national, and international levels; by implementing a cause-related, commerce-based loyalty program; and/or by utilizing divinely inspired art, including Michelangelo's collection, to generate sustainable revenues for these organizations.

What it reported doing in 2022

Through our Michaelangelo Legacy Project, we continued our work to bring donors, churches, hospitals, and people together to experience the power of Michelangelo's art and its connection to the divine. The overarching goal of the project is to place authentic, Vatican-licensed, original reproductions from molds derived from Michelangelo's Pieta in locations across the world. During 2022, we identified a donee to be the recipient of our Pieta reproduction for public display, the Holy Family Ministry Center in Hartley, Texas.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 120% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: -0.2% per year; rating input score 0; 40th percentile among comparable filings

Details

  • Where the money goes: 99.7% of spending went to programs
  • Governance: 2 of 2 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $995K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 41 of 41 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2019 to 2022
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.