Catholic Music Initiative Inc
Nonprofit profile at a glance
- EIN
- 843154126
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2019
- Location
- Mckinney, TX, USA
- Phone
- 9726657171
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religious Media, Communications
- Affiliation
- Christianity
Reported finances
- Revenue
- $576,076
- Expenses
- $464,198
- Assets
- $163,618
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DAVE MOORE (EXECUTIVE DIRECTOR)
Highest reported compensation
- JASON DEUTERMAN (BOARD MEMBER): $20,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At the catholic music initiative, we embrace the transformative power of beautiful liturgy, bringing timeless sacred music to the forefront of worship. Our mission is to infuse simplicity, prayerfulness, and a deep god-orientation into every note, fostering a profound sense of reverence and communal participation in the mass.
What it reported doing in 2024
Provision of musicians, gear, and technicians for nights of worship, conferences, and liturgical celebrations. This included supporting the weekly diocese of dallas broadcast mass made available to the 77 parishes and 1.3 million catholics in the diocese during the covid-19 pandemic; live-streaming the weekly diocesan asl mass and assisting with the install of a permanent system; and consulting with/serving alongside other parishes, dioceses, and ministries as requested. Creation of liturgical music resources. This included work composing, arranging, transcribing, recording, and translating mass settings, psalms, and hymns to be made available to catholic parishes and music ministers. Formation of artists and musicians, including the training and teaching of artists and exposure to composing, live sound, and recording environment.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 78
- Accountability: 68
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.3%; rating input score 74
- Program expense ratio: 92.2%; rating input score 92
- Fundraising efficiency: $12.7 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 20th 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: 19.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 40.9% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 36% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 49.9% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 74.3% of revenue deployed · 92.2% of spending went to programs
- Governance: 6 of 7 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $428K in reported program spending
- Leadership: top reported pay $20K · 7 people listed
- Consistency: 16 of 18 current checks pass · 2 findings to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.