Catholic Revival Initiative Inc

Nonprofit profile at a glance

EIN
991129352
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Boca Raton, FL, USA
Phone
5615440955
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Roman Catholic
Affiliation
Christianity

Reported finances

Revenue
$6,000
Expenses
$500,251
Assets
$622,006
Liabilities
$1,116,257

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Kevin P Doyle (PRESIDENT / DIRECTOR)

Highest reported compensation

  • Kevin P Doyle (PRESIDENT / DIRECTOR): $416,558 total reported compensation
  • Nancy Pulte Rickard (DIRECTOR): $383,716 total reported compensation
  • Mirtha S Montecchi (SECRETARY / TREASURER): $283,855 total reported compensation

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

Overview

Mission

Mission: Innovative, Vatican-approved funding model designed to restore and endow Catholic parishes, schools, and communities in perpetuity. Vision: Invest in vibrant, but under-resourced, Catholic communities by revitalizing iconic parishes, schools, and communities.

What it reported doing in 2024

Catholic Revival Initiative, Inc. ("CRI") is focused on restoring and endowing Catholic parishes and schools across the United States, particularly those in low-income areas. The organization aims to acquire existing Catholic properties (either directly or through related entities like title holding companies or supporting organizations), restore them, and create sustainable endowment funds to relieve local leaders of financial burdens. These revitalized premises are intended to become not just places of worship, but also full-fledged community hubs. CRI plans to lease the properties back to parishes at nominal rates and manage renovations, fundraising, and property maintenance while promoting holistic community support. CRI's first project will be the restoration of the Basilica of Sainte Anne de Detroit (the "Ste. Anne Basilica Church"), a parish that was established in 1701 and is the second oldest continuously operating Roman Catholic parish in the United States. CRI will raise funds to complete capital improvements and other repairs and restoration work to the facility, and will establish an endowment fund to support the continued maintenance, repair, and improvement of the premises in perpetuity.

Operating model

Revenue model
Donor-supported. 100% 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

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 64
  • Accountability: 23
  • Sustainability: 11
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 54.9%; rating input score 55
  • Fundraising efficiency: $0.03 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8,237.5%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 1.79; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 18.4%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 54.9% of spending went to programs
  • Governance: 0 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $274K in reported program spending
  • Leadership: top reported pay $417K · 4 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $145K reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.