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← ROMAN CATHOLIC COMMUNICATIONS CORPORATION OF THE BAY AREA

Form 990 for tax year 2024

Filed by ROMAN CATHOLIC COMMUNICATIONS CORPORATION OF THE BAY AREA.

Totals

Total revenue
$7,451,575
Total expenses
$6,512,421
Contributions and grants received
$0
Grants paid
$4,409,883
Program service revenue
$1,531,993
Investment income
$80,217
Other revenue
$5,839,365
Total assets, end of year
$20,919,600
Total liabilities, end of year
$6,998,997
Net assets or fund balances, end of year
$13,920,603
Program services expenses (Part IX)
$5,962,402
Management and general expenses
$550,019
Fundraising expenses
$0
Program service expenses (Part III)
$5,962,402

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SUBSCRIPTIONS

    total $1,531,993 · related or exempt $1,531,993

  • 3 · Investment income

    total $79,773 · excluded $79,773

  • 5 · Royalties

    total $5,839,365 · excluded $5,839,365

  • 7a · Gross sales of assets other than inventory

    securities $863,507

  • 7b · Less cost or other basis and sales expenses

    securities $863,063

  • 7c · Gain or loss

    securities $444

  • 7d · Net gain or loss

    total $444 · excluded $444

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,409,883 · program services $4,409,883

  • 5 · Compensation of officers, directors and key employees

    total $225,990 · program services $62,391 · management and general $163,599

  • 7 · Other salaries and wages

    total $194,979 · program services $53,830 · management and general $141,149

  • 9 · Other employee benefits

    total $68,248 · program services $18,842 · management and general $49,406

  • 10 · Payroll taxes

    total $27,276 · program services $7,530 · management and general $19,746

  • 11b · Fees: legal

    total $19,473 · management and general $19,473

  • 11c · Fees: accounting

    total $42,006 · management and general $42,006

  • 11g · Fees: other

    total $73,778 · program services $8,681 · management and general $65,097

  • 13 · Office expenses

    total $63,200 · program services $14,527 · management and general $48,673

  • 22 · Depreciation, depletion and amortization

    total $1,130 · program services $260 · management and general $870

  • 24a · Other expenses: PROGRAM ACQUISITIONS

    total $1,328,055 · program services $1,328,055

  • 24b · Other expenses: WEBSITE

    total $58,403 · program services $58,403

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $889,325 · end of year $1,717,308

  • 4 · Accounts receivable

    beginning of year $408,700 · end of year $98

  • 9 · Prepaid expenses and deferred charges

    beginning of year $781,521 · end of year $419,648

  • 10a · Land, buildings and equipment: cost or other basis

    $5,246

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,648

  • 10c · Land, buildings and equipment, net

    beginning of year $2,728 · end of year $1,598

  • 11 · Investments: publicly traded securities

    beginning of year $1,354,940 · end of year $1,466,797

  • 15 · Other assets

    beginning of year $16,691,855 · end of year $17,314,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,138 · end of year $28,444

  • 18 · Grants payable

    beginning of year $2,800,000 · end of year $3,000,000

  • 19 · Deferred revenue

    beginning of year $4,328,101 · end of year $3,970,553

  • 27 · Net assets without donor restrictions

    beginning of year $12,977,830 · end of year $13,920,603

Mission and programs · 2024

Mission

CTN PROVIDES MULTI-MEDIA EDUCATION TECHNOLOGY SERVICES TO TEACHERS AND STUDENTS IN BAY AREA CATHOLIC SCHOOLS.

  • CTN PROVIDES ONLINE EDUCATIONAL RESOURCES TO CATHOLIC SCHOOLS THROUGHOUT THE U.S. THESE RESOURCES INCLUDE THE LATEST MATH, SCIENCE AND ENGLISH PROGRAMS AVAILABLE TODAY AS WELL AS OUR UNIQUE CATHOLIC TEACHER RESOURCES.

    Expenses $5,962,402 · Grants $4,409,883 · Revenue $1,531,993

As filed on the 2024 return.

Listed in Part VII

  • Ron Loiacono

    EXECUTIVE DIRECTOR

    Total calculated
    $226,994
    From this org
    $200,880
    From related orgs
    $0
    Other
    $26,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,880
    Bonus
    $0
    Other
    $0
    Deferred
    $26,114
    Nontaxable benefits
    $0
    Filer's total
    $226,994

  • Rev Michael Barber

    BISHOP OF OAKLAND

    Total calculated
    $0
    Hours/week
    1

  • Rev Brendan McGuire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Currier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Beltramo

    DIRECTOR (THROUGH 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Deacon Eric Simontis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev Oscar Cantu

    BISHOP OF SAN JOSE

    Total calculated
    $0
    Hours/week
    1

  • Rick Mederios

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Attila Bardos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Salvatto

    DEPUTY DIRECTOR

    Total calculated
    $133,930
    From this org
    $106,099
    From related orgs
    $0
    Other
    $27,831
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202620419349300837

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