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Nonprofiteer
← CATHOLIC FINANCIAL LIFE FOUNDATION INC

Form 990 for tax year 2023

Filed by CATHOLIC FINANCIAL LIFE FOUNDATION INC.

Totals

Total revenue
$73,502,168
Total expenses
$73,545,830
Contributions and grants received
$0
Grants paid
$458,186
Program service revenue
$30,829,236
Investment income
$38,618,445
Other revenue
$4,054,487
Total assets, end of year
$999,429,811
Total liabilities, end of year
$974,988,442
Net assets or fund balances, end of year
$24,441,369
Program services expenses (Part IX)
$48,581,309
Management and general expenses
$24,964,521
Fundraising expenses
$0
Program service expenses (Part III)
$48,581,309

Program services were 66.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Michael Ahles

    President/Chairman

    Total calculated
    $427,056
    From this org
    $386,990
    From related orgs
    $0
    Other
    $40,066
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $379,490
    Bonus
    $0
    Other
    $7,500
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $386,990

  • Paul Zastrow

    Sr. VP, Secretary/Treasurer

    Total calculated
    $372,420
    From this org
    $334,969
    From related orgs
    $0
    Other
    $37,451
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $322,517
    Bonus
    $0
    Other
    $12,452
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $334,969

  • John Tetzloff

    Director of Sales

    Total calculated
    $243,456
    From this org
    $213,043
    From related orgs
    $0
    Other
    $30,413
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $195,303
    Bonus
    $15,000
    Other
    $2,740
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $213,043

  • John Kolodziejczyk

    Directorof Information Systems

    Total calculated
    $190,850
    From this org
    $159,130
    From related orgs
    $0
    Other
    $31,720
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $158,739
    Bonus
    $0
    Other
    $391
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,130

  • Butch Byers

    Southwest Regional Director

    Total calculated
    $176,552
    From this org
    $175,149
    From related orgs
    $0
    Other
    $1,403
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $168,699
    Bonus
    $6,450
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,149

  • Gregory Gall

    Central Regional Director

    Total calculated
    $168,643
    From this org
    $151,907
    From related orgs
    $0
    Other
    $16,736
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $142,734
    Bonus
    $7,391
    Other
    $1,782
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,907

  • Jack Kerbeshian

    Director of Product

    Total calculated
    $163,298
    From this org
    $161,769
    From related orgs
    $0
    Other
    $1,529
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $147,510
    Bonus
    $0
    Other
    $14,259
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,769

  • Renee Brod

    Board Member

    Total calculated
    $23,550
    From this org
    $23,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James Wensel

    Board Member

    Total calculated
    $23,250
    From this org
    $23,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Martin Seifert

    Board Member

    Total calculated
    $21,250
    From this org
    $21,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jean Hart

    Board Member

    Total calculated
    $19,250
    From this org
    $19,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robert F Krattenmaker

    Board Member

    Total calculated
    $18,850
    From this org
    $18,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James Gibbons

    Board Member

    Total calculated
    $18,850
    From this org
    $18,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William Lucas

    Board Member

    Total calculated
    $18,850
    From this org
    $18,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Spouses of the officers are allowed to travel as part of Catholic United Financials' top sales producers conference.
Schedule J, Part I, Line 3
Our officer's salaries are reviewed annually by the Board of Directors Compensation Committee, and we use industry salary comparisons supplied by the Employer's Association.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Conventus Now LLC

    C · Technology Solutions · DE · 50% owned · share of income $268,258 · share of assets $5,385,550 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
28 June 2024
IRS schema version
2023v5.0
Source object
202432859349301858

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