Icatholic Media Inc

Organization Overview

Icatholic Media Inc is located in Watertown, MA. The organization was established in 1946. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Icatholic Media Inc employed 57 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Icatholic Media Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Icatholic Media Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Icatholic Media Inc has awarded 19 individual grants totaling $180,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE EDUCATIONAL AND RELIGIOUS PROGRAMMING ON TELEVISION, PUBLICATIONS, NEWS MEDIA AND OTHER ELECTRONIC/PRINT COMMUNICATION SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED EDUCATIONAL AND RELIGIOUS PROGRAMMING ON TELEVISION.


PROVIDED PUBLICATIONS/NEWS MEDIA TO THE ROMAN CATHOLIC COMMUNITY


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
New England Sports Network
Satellite Services
$124,884
Faith Catholic
Printing And Marketing
$179,710
Akamai Technologies Inc
Internet Streaming
$102,148
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,827,281
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,827,281
Total Program Service Revenue$7,535,951
Investment income $949,857
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$17,534
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,295,555

Grants Awarded

Over the last fiscal year, Icatholic Media Inc has awarded $90,000 in support to 10 organizations.

Grant RecipientAmount

MAMMTS SCHOLARSHIP

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000

IMMACULATE CONCEPTION - REVERE

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000

ST AGNES SCHOOL

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000

JULIE'S FAMILY LEARNING CENTER

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000

CARDINAL SPELLMAN HIGH SCHOOL

Org PageRecipient Profile

Brockton, MA

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000

OUR LADY OF ASSUMPTION

PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Icatholic Media Inc has recieved totaling $78,448.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: RELIGION RELATED

$72,480
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,083
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$885
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,582,393
Earnings-$1,497,661
Other Expense-$338,757
Ending Balance$6,745,975

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