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CATHOLIC FINANCIAL LIFE FOUNDATION INC

EIN 20-4780760 MILWAUKEE, WI

Revenue 2024
$806,994
Expenses 2024
$500,062

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
T30
Classification
1000
Street
1100 W WELLS STREET

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

The Foundation, rooted in the Catholic and fraternal values of stewardship, service, and concern for others, seeks to strengthen individuals, our church, and society by: Providing resources to advance the mission of Catholic parishes and organizations, supporting charitable outreach, educating individuals about philanthropy and planned giving, and providing financial vehicles to accomplish philanthropic objectives.

Activities or mission (Part I)

Provide grants to students attending Catholic educational institutions and support charitable outreach and philanthropy.

  • The foundation was formed to provide grants for educational and religious purposes as well as field of interest causes and charities. In 2024, grants totaling $487,204 were awarded.

    Expenses $500,062 · Grants $487,204 · Revenue $806,934

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • John T Borgen

    President

    Total calculated
    $558,701
    From this org
    $0
    From related orgs
    $509,886
    Other
    $48,815
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $343,983
    Bonus
    $94,940
    Other
    $12,248
    Deferred
    $77,015
    Nontaxable benefits
    $30,515
    Filer's total
    $558,701

  • Sara J Walker

    Director

    Total calculated
    $245,208
    From this org
    $0
    From related orgs
    $220,910
    Other
    $24,298
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $161,285
    Bonus
    $24,600
    Other
    $1,188
    Deferred
    $46,058
    Nontaxable benefits
    $12,077
    Filer's total
    $245,208

  • Cynthia E Feld

    Treasurer

    Total calculated
    $183,508
    From this org
    $0
    From related orgs
    $152,542
    Other
    $30,966
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $111,054
    Bonus
    $17,281
    Other
    $270
    Deferred
    $33,823
    Nontaxable benefits
    $21,079
    Filer's total
    $183,507

  • Sally A Krochalk

    Secretary

    Total calculated
    $131,975
    From this org
    $0
    From related orgs
    $113,108
    Other
    $18,867
    Hours/week
    2 + 45 related

  • Daniel T Lloyd

    Director

    Total calculated
    $83,151
    From this org
    $0
    From related orgs
    $77,619
    Other
    $5,532
    Hours/week
    1 + 45 related

  • William R O'Toole

    Chairman of the Board

    Total calculated
    $38,000
    From this org
    $0
    From related orgs
    $38,000
    Other
    $0
    Hours/week
    2 + 3 related

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $806,994
    Expenses
    $500,062
    Contributions
    $467,722
    Grants paid
    $487,204
  • 2023
    Revenue
    $831,142
    Expenses
    $375,336
    Contributions
    $763,309
    Grants paid
    $362,573
  • 2022
    Revenue
    $424,446
    Expenses
    $373,239
    Contributions
    $358,083
    Grants paid
    $364,742

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $597,861
    Expenses
    $135,628
    Assets (EOY)
    $2,844,086

  • 2020 · 990

    Revenue
    $166,102
    Expenses
    $233,941
    Assets (EOY)
    $2,373,074

  • 2019 · 990

    Revenue
    $175,675
    Expenses
    $304,903
    Assets (EOY)
    $2,359,293

  • 2018 · 990

    Revenue
    $363,525
    Expenses
    $252,947
    Assets (EOY)
    $2,226,063

  • 2017 · 990

    Revenue
    $1,369,945
    Expenses
    $421,078
    Assets (EOY)
    $2,147,388

  • 2016 · 990

    Revenue
    $558,990
    Expenses
    $288,442
    Assets (EOY)
    $1,017,334

  • 2015 · 990

    Revenue
    $371,113
    Expenses
    $182,075
    Assets (EOY)
    $756,505

  • 2014 · 990

    Revenue
    $232,681
    Expenses
    $299,576
    Assets (EOY)
    $581,605

  • 2013 · 990

    Revenue
    $283,734
    Expenses
    $184,217
    Assets (EOY)
    $649,714

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $154,686
    Assets (EOY)
    $531,210

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.