Icatholic Media Inc

Nonprofit profile at a glance

EIN
042395520
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Watertown, MA, USA
Phone
6179230220
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religious Media, Communications

Official website

Reported finances

Revenue
$20,148,923
Expenses
$12,962,484
Assets
$84,459,980
Liabilities
$2,050,874

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

Leadership & pay

24 people listed

Executive titles in this filing

  • BISHOP ROBERT REED (PRESIDENT & CEO,TREASURER)
  • ANTONIO ENRIQUE (PRESIDENT, PILOT MEDIA GRO)

Highest reported compensation

  • JAMES FADDEN (SECRETARY/GENERAL MANAGER): $251,254 total reported compensation
  • RICHARD MOSLEY (OPERATIONS AND FINANCE): $225,814 total reported compensation
  • MARK QUELLA (CHEIF ENGINEER): $206,640 total reported compensation

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

Overview

Mission

Utilizing powerful technology, we strive to connect people of faith through relevant, inspiring and prayerful programming we endeavor to teach the wisdom of god in the catholic tradition and move people of all ages and from diverse situations toward the fullness of life

What it reported doing in 2024

Provided publications/news media to the roman catholic community

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 73
  • Accountability: 79
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.7%; rating input score 44
  • Program expense ratio: 72.3%; rating input score 72
  • Fundraising efficiency: $23.89 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th 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: 81%; rating input score 81; 17th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.2%; rating input score 88; 20th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.7%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 6.52; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 9.7%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 43.7% of revenue deployed · 72.3% of spending went to programs
  • Governance: 15 of 17 board members independent · 6 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $9.4M in reported program spending
  • Leadership: top reported pay $251K · 24 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 7 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 21/100.