Civic Intelligence

Augustine Institute Inc.

990 • Fiscal year 2014 • EIN 20-2349108

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 06, 2015

6160 South Syracuse Way No 31080111

(303) 937-4420

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.32x

Higher debt load relative to assets than 69% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

0.21x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

47th percentile

1.7%

Higher net margin than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

81st percentile

$135,503

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

75th percentile

13%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,752,769

Up $316,345 (+13%) from 2013

Net Assets

Up

$1,883,397

Up $96,386 (+5.4%) from 2013

Liabilities

Up

$869,372

Up $219,959 (+34%) from 2013

Revenue

$4,173,572

No earlier filing loaded for comparison.

Expenses

Up

$4,101,546

Up $115,756 (+2.9%) from 2013

Net Income

$72,026

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $642,968Liabilities 2010: $400,933Net Assets 2010: $242,0352010Assets 2011: $704,379Liabilities 2011: $459,205Net Assets 2011: $245,1742011Assets 2012: $3,032,124Liabilities 2012: $640,542Net Assets 2012: $2,391,5822012Assets 2013: $2,436,424Liabilities 2013: $649,413Net Assets 2013: $1,787,0112013Assets 2014: $2,752,769Liabilities 2014: $869,372Net Assets 2014: $1,883,3972014Assets 2015: $4,220,017Liabilities 2015: $1,372,593Net Assets 2015: $2,847,4242015Assets 2016: $6,186,565Liabilities 2016: $2,388,422Net Assets 2016: $3,798,1432016Assets 2017: $7,002,574Liabilities 2017: $3,978,330Net Assets 2017: $3,024,2442017Assets 2018: $17,741,307Liabilities 2018: $11,697,141Net Assets 2018: $6,044,1662018Assets 2019: $15,198,911Liabilities 2019: $13,496,793Net Assets 2019: $1,702,1182019Assets 2020: $18,035,859Liabilities 2020: $11,578,063Net Assets 2020: $6,457,7962020Assets 2021: $26,414,625Liabilities 2021: $9,179,831Net Assets 2021: $17,234,7942021Assets 2022: $35,356,099Liabilities 2022: $10,699,672Net Assets 2022: $24,656,4272022Assets 2023: $40,048,813Liabilities 2023: $10,465,314Net Assets 2023: $29,583,4992023Assets 2024: $83,908,784Liabilities 2024: $23,052,364Net Assets 2024: $60,856,4202024

Highlighted filing

2014

Assets$2,752,769
Liabilities$869,372
Net Assets$1,883,397

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $1,331,1302010Expenses 2011: $1,816,5032011Expenses 2012: $2,688,0302012Expenses 2013: $3,985,7902013Revenue 2014: $4,173,572Expenses 2014: $4,101,546Net Income 2014: $72,0262014Revenue 2015: $5,504,936Expenses 2015: $4,545,316Net Income 2015: $959,6202015Revenue 2016: $9,877,568Expenses 2016: $8,902,593Net Income 2016: $974,9752016Revenue 2017: $11,117,190Expenses 2017: $11,946,505Net Income 2017: -$829,3152017Revenue 2018: $17,501,707Expenses 2018: $14,511,036Net Income 2018: $2,990,6712018Revenue 2019: $16,008,561Expenses 2019: $20,360,326Net Income 2019: -$4,351,7652019Revenue 2020: $18,866,629Expenses 2020: $15,645,834Net Income 2020: $3,220,7952020Revenue 2021: $26,811,654Expenses 2021: $16,034,656Net Income 2021: $10,776,9982021Revenue 2022: $28,424,930Expenses 2022: $20,450,430Net Income 2022: $7,974,5002022Revenue 2023: $32,503,964Expenses 2023: $27,946,187Net Income 2023: $4,557,7772023Revenue 2024: $66,471,867Expenses 2024: $35,901,179Net Income 2024: $30,570,6882024

Highlighted filing

2014

Revenue$4,173,572
Expenses$4,101,546
Net Income$72,026
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 6, 2015
Return Version
2013v4.0
Gross Receipts
$4,258,625
Mission and Program Overview

Mission

The Augustine Institute serves the formation of Catholics for the New Evangelization. Through academic and parish programs, the Augustine Institute equips Catholics intellectually, spiritually, and pastorally to renew the Church and transform the world for Christ.

The Augustine Institute serves the formation of Catholics for the New Evangelization. Through our academic and parish programs, we equip Catholics intellectually, spiritually, and pastorally to renew the Church and transform the world for Christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$181,434$916,568▲ $735,134
Savings and Temporary Cash Investments$1,106,363$766,896▼ $339,467
Land, Buildings, and Equipment, Net$619,472$682,445▲ $62,973
Pledges and Grants Receivable$262,954--
Cash and Non-Interest-Bearing Accounts$106,991$187,271▲ $80,280
Accounts Receivable$25,105$86,370▲ $61,265
Prepaid Expenses and Deferred Charges$12,455$38,991▲ $26,536
Other Notes and Loans Receivable, Net$19,979$28,962▲ $8,983
Inventories for Sale or Use$28,558$6,834▼ $21,724
Total Assets$2,436,424$2,752,769▲ $316,345
Other Assets Total$73,113$38,432▼ $34,681
Liabilities
Accounts Payable and Accrued Expenses$434,272$567,975▲ $133,703
Deferred Revenue$215,141$301,397▲ $86,256
Total Liabilities$649,413$869,372▲ $219,959
Net Assets / Fund Balance
Unrestricted Net Assets$1,413,421$1,299,484▼ $113,937
Temporarily Rstr Net Assets$298,590$508,913▲ $210,323
Permanently Rstr Net Assets$75,000$75,000→ $0
Total Net Assets Fund Balance$1,787,011$1,883,397▲ $96,386
Total Liabilities and Net Assets / Fund Balance$2,436,424$2,752,769▲ $316,345

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$401,690$147,084$548,774
Equipment$206,307$247,610$453,917
Other Land Buildings$74,448-$74,448

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$75,063-▲ $4,284-$79,347
2012$50,032$25,000▲ $31-$75,063
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Timothy GrayPresidentFT$109,764$25,739$135,503
Stephen LoganCFOFT$107,303$22,338$129,641
Tim MoynihanFormer COOFT$100,417$17,098$117,515

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,429,915
Program Service Revenue
$1,456,578
Investment Income
$2,116
Other Revenue
$284,963
All Other Contributions
$2,429,915
Change in Net Assets
$72,026

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$1,276Quoted Price Per Share
Other Non Cash Contri Table1$437Fair Market Value (FMV)
Other Non Cash Contri Table1$91Fair Market Value (FMV)
Total Noncash Contributions3$1,804-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,173,571
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$21,362
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$4,194,933
Total Revenue per Form 990
$4,173,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,083,971
Other Expenses$1,017,575
Total Fundraising Expense$402,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,648,810$380,009$174,053$2,202,872
Fees for Services Other$377,734$42,756$5,950$426,440
Occupancy$294,627$62,038-$356,665
Other Employee Benefits$253,277$65,604$23,246$342,127
Current Officers, Directors, Trustees, and Key Employees$13,387$206,151$53,548$273,086
Depreciation Depletion$184,995$21,590$11,157$217,742
Payroll Taxes$123,901$52,355$16,794$193,050
Office Expenses$125,101$30,322$35,489$190,912
Travel$84,461$10,285$29,826$124,572
Fees for Services Legal$58,966$16,149-$75,115
Pension Plan Contributions$54,359$12,816$5,661$72,836
Advertising$63,480$234$6,469$70,183
Other Expenses$21,498$7,076$3,380$31,954
Fees for Services Accounting-$14,240-$14,240
Insurance$7,980$411$408$8,799
Conferences and Meetings$1,355$530$1,700$3,585
All Other Expenses$-674,112$24,445$20,122$-629,545
Total Functional Expenses$2,752,460$947,011$402,075$4,101,546

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,101,546
Expenses per Audited Statements$4,098,546
Total Expenses per Audited Statements$4,098,546
Expenses Not Reported on Financial Statements$3,000
Other Expense Adjustments$3,000
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 4

By-Laws of the Organization were amended and updated.

Form 990, Part VI, Section B, line 11

The form 990 and supporting schedules is reviewed by the treasurer of the board of directors and the finance committee prior to filing. The form 990 is made available to the board of directors for their review.

Form 990, Part VI, Section B, line 12C

All board members, officers, and others with decision making authority are required to complete a disclosure statement annually that lists any relationships or transactions that could pose a potential conflict. These forms are reviewed by the board of directors, or an appointed committee of the board. If any potential conflicts are noted, the board will investigate further and take appropriate action if a conflict does exist.

Form 990, Part VI, Section B, line 15

After the school year, a review is performed by the board of directors for the president, and compensation is determined at that time for the following year. A similar process is performed by the board executive and board finance committee for other officers and key employees.

Form 990, Part VI, Section C, line 19

Documents available upon request.

Filing and Contact Details

Filer

EIN
20-2349108
Phone
3039374420

Signing Officer

Name
Stephen Logan
Title
CFO
Phone
3039374420
Signed
2015-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Gray
Formed
2005
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
16
Employees
82
Volunteers
3

Preparer

Preparer
Greg Papineau CPA
Phone
7195799090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Other: Program service expenses 377,734. Management and general expenses 42,756. Fundraising expenses 5,950. Total expenses 426,440.

Form 990, Part XI, line 9:

Rounding -2.

Form 990 Part XI Line 2C

The process for overseeing the audit has not changed from prior years.

Financial Statement Notes

Part V, Line 4:

The Institute's endowment consists of the Michael J. Morris Scholarship established to provide scholarships to the Institute's graduate students. As required by US GAAP, net assets associated with endowment funds, including funds designated by the Board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions.

Part X, Line 2:

The Institute follows the guidance contained in ASC Topic 740-10-25, Accounting for Uncertainty in Income Taxes. ASC Topic 740-10-25 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken. Based on its evaluation, the Institute concluded that there are no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

Part XI, Line 2D - Other Adjustments:

Royalties

Part XI, Line 4B - Other Adjustments:

Rounding

Part XII, Line 4B - Other Adjustments:

Royalties

Schedule D, Part XI, Line 4B

Line 4b includes a rounding adjustment of $1.

Schedule D Part XI line 2B and Part XII line 4B

Schedule D Part XI line 2b and Part XII line 4b include a reclassification of negative royalty income to the Statement of Functional Expense.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Henry Amoroso
IRS990/Form990PartVIISectionAGrp/PersonNm1Archbishop Samuel Aquila
IRS990/Form990PartVIISectionAGrp/PersonNm2Tony Church
IRS990/Form990PartVIISectionAGrp/PersonNm3Bishop James Conley
IRS990/Form990PartVIISectionAGrp/PersonNm4Kathy Craft
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Dudzic
IRS990/Form990PartVIISectionAGrp/PersonNm6Lisa Fischer
IRS990/Form990PartVIISectionAGrp/PersonNm7Monsignor Michael Glenn
IRS990/Form990PartVIISectionAGrp/PersonNm8Bob Gross
IRS990/Form990PartVIISectionAGrp/PersonNm9Joy Helbing
IRS990/Form990PartVIISectionAGrp/PersonNm10Bill Keefe
IRS990/Form990PartVIISectionAGrp/PersonNm11Mark Middendorf
IRS990/Form990PartVIISectionAGrp/PersonNm12Denzil Samuels
IRS990/Form990PartVIISectionAGrp/PersonNm13Kris Sprehe
IRS990/Form990PartVIISectionAGrp/PersonNm14Mike Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm15Chuch Zorio
IRS990/Form990PartVIISectionAGrp/PersonNm16Dr Timothy Gray
IRS990/Form990PartVIISectionAGrp/PersonNm17Stephen Logan
IRS990/Form990PartVIISectionAGrp/PersonNm18Tim Moynihan
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16President
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18Former COO
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IRS990/GrantToRelatedPersonInd00
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IRS990/InsuranceGrp/ManagementAndGeneralAmt0411
IRS990/InsuranceGrp/ProgramServicesAmt07980
IRS990/InsuranceGrp/TotalAmt08799
IRS990/IntangibleAssetsGrp/BOYAmt0181434
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IRS990/LandBldgEquipCostOrOtherBssAmt01077139
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Augustine Institute serves the formation of Catholics for the New Evangelization. Through our academic and parish programs, we equip Catholics intellectually, spiritually, and pastorally to renew the Church and transform the world for Christ.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt01883397
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0284963
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0284963
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt0294627
IRS990/OccupancyGrp/TotalAmt0356665
IRS990/OfficeExpensesGrp/FundraisingAmt035489
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030322
IRS990/OfficeExpensesGrp/ProgramServicesAmt0125101
IRS990/OfficeExpensesGrp/TotalAmt0190912
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt073113
IRS990/OtherAssetsTotalGrp/EOYAmt038432
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt023246
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt065604
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0253277
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0342127
IRS990/OtherExpensesGrp/Desc0Student Events
IRS990/OtherExpensesGrp/Desc1Nove et Vetera
IRS990/OtherExpensesGrp/Desc2Recruiting
IRS990/OtherExpensesGrp/Desc3Meals and Entertainment
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IRS990/OtherExpensesGrp/FundraisingAmt13380
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07076
IRS990/OtherExpensesGrp/ProgramServicesAmt030490
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IRS990/OtherExpensesGrp/ProgramServicesAmt240631
IRS990/OtherExpensesGrp/ProgramServicesAmt321498
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IRS990/OtherExpensesGrp/TotalAmt141520
IRS990/OtherExpensesGrp/TotalAmt240631
IRS990/OtherExpensesGrp/TotalAmt331954
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028962
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt016794
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052355
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IRS990/ProgramServiceRevenueGrp/Desc1Subscriptions
IRS990/ProgramServiceRevenueGrp/Desc2Conference Revenue
IRS990/ProgramServiceRevenueGrp/Desc3Nova Et Vetera
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1400575
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2182485
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45295
IRS990/ProgSrvcAccomActy2Grp/Desc0The Augustine Institute Graduate School of Theology is a community of scholars and students united in the common mission to advance the New Evangelization through the exercise of the gift of theology. Accordingly, the Institute identifies with and fully embraces the Church's vision for an academic community as set forth in Ex corde Ecclesiae and exercises activities in full communion with the Church and for the sake of building up and extending this communion. Inspired by St. Augustine's approach to evangelization, the Institute privileges narratio, the telling of the story of God's mercy to his people, from the Creation through our Redemption in Christ and in the continuing unfolding of his mercy by his Providential governance of the Church. Built on the foundation of the study of Sacred Scripture and the history of the Church, the Institute's theological instruction offers a systematic presentation of the Faith and, uniquely, three capstone courses in the theology of the New Evangelization.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0865375
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/RevenueAmt0830449
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01106363

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$83.9$23.1$60.9$66.5$35.9$30.6
2023Detailed filing. Detailed filing data is available for this year.$40.0$10.5$29.6$32.5$27.9$4.56
2022Detailed filing. Detailed filing data is available for this year.$35.4$10.7$24.7$28.4$20.5$7.97
2021Detailed filing. Detailed filing data is available for this year.$26.4$9.18$17.2$26.8$16.0$10.8
2020Detailed filing. Detailed filing data is available for this year.$18.0$11.6$6.46$18.9$15.6$3.22
2019Detailed filing. Detailed filing data is available for this year.$15.2$13.5$1.70$16.0$20.4$4.35
2018Detailed filing. Detailed filing data is available for this year.$17.7$11.7$6.04$17.5$14.5$2.99
2017Detailed filing. Detailed filing data is available for this year.$7.00$3.98$3.02$11.1$11.9$0.83
2016Detailed filing. Detailed filing data is available for this year.$6.19$2.39$3.80$9.88$8.90$0.97
2015Detailed filing. Detailed filing data is available for this year.$4.22$1.37$2.85$5.50$4.55$0.96
2014Detailed filing. Detailed filing data is available for this year.$2.75$0.87$1.88$4.17$4.10$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$0.65$1.79$3.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.64$2.39$2.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.46$0.25$1.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.40$0.24$1.33