Civic Intelligence

Augustine Institute Inc.

990 • Fiscal year 2021 • EIN 20-2349108

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 03, 2021

6160 S Syracuse Way No 310Greenwood Village, CO 80111

(303) 937-4420

Siviq Scores

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

Liabilities / Assets

64th percentile

0.35x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.34x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$291,173

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

91st percentile

46%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

42%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$26,414,625

Up $8,378,766 (+46%) from 2020

Net Assets

Up

$17,234,794

Up $10,776,998 (+167%) from 2020

Liabilities

Down

$9,179,831

Down $2,398,232 (-21%) from 2020

Revenue

Up

$26,811,654

Up $7,945,025 (+42%) from 2020

Expenses

Up

$16,034,656

Up $388,822 (+2.5%) from 2020

Net Income

Up

$10,776,998

Up $7,556,203 (+235%) from 2020

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

2021

Assets$26,414,625
Liabilities$9,179,831
Net Assets$17,234,794

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

2021

Revenue$26,811,654
Expenses$16,034,656
Net Income$10,776,998
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 3, 2021
Return Version
2020v4.1
Gross Receipts
$29,941,039
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,642,315$10,307,894▲ $1,665,579
Savings and Temporary Cash Investments$2,951,763$5,951,478▲ $2,999,715
Cash and Non-Interest-Bearing Accounts$1,981,399$2,897,959▲ $916,560
Pledges and Grants Receivable$272,950$2,253,310▲ $1,980,360
Intangible Assets$1,869,041$2,052,163▲ $183,122
Inventories for Sale or Use$1,520,893$1,969,178▲ $448,285
Prepaid Expenses and Deferred Charges$345,356$419,541▲ $74,185
Accounts Receivable$288,087$316,893▲ $28,806
Investments Other Securities$158,947$233,701▲ $74,754
Total Assets$18,035,859$26,414,625▲ $8,378,766
Other Assets Total$5,108$12,508▲ $7,400
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,363,295$6,156,131▼ $207,164
Accounts Payable and Accrued Expenses$2,392,461$2,169,498▼ $222,963
Unsecured Notes Loans Payable$1,883,900$0▼ $1,883,900
Deferred Revenue$938,407$854,202▼ $84,205
Total Liabilities$11,578,063$9,179,831▼ $2,398,232
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,570,177$13,576,139▲ $9,005,962
Net Assets With Donor Restrictions$1,887,619$3,658,655▲ $1,771,036
Total Net Assets Fund Balance$6,457,796$17,234,794▲ $10,776,998
Total Liabilities and Net Assets / Fund Balance$18,035,859$26,414,625▲ $8,378,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,666,614$794,986$9,461,600
Other Land Buildings$1,189,991-$1,189,991
Equipment$185,167$690,021$875,188
Leasehold Improvements$266,122$106,093$372,215

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$158,947$30,000--$188,947
2019$59,644$100,000▼ $697-$158,947
2018$57,457-▲ $2,187-$59,644
2017$54,335-▲ $3,122-$57,457
2016$48,893-▲ $5,442-$54,335
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Timothy GrayPresident, Trustee ex offiFT$208,101$83,072$291,173
Mark MiddendorfChief Revenue OfficerFT$220,118$36,446$256,564
Brian TruckenbrodDirector of EvangelizationFT$149,725$30,355$180,080
Steven FlaniganExecutive ProducerFT$137,918$25,325$163,243
Christopher BlumAcademic DeanFT$150,030$11,472$161,502
Angela ParsonsCFOFT$145,089$11,509$156,598
Paul McCuskerSenior Director Content CrFT$129,981$22,473$152,454
Dan DohenyExecutive Vice PresidentFT$132,482$17,020$149,502
Douglas BushmanProfessorFT$132,801$16,617$149,418
Brant PitreProfessorFT$127,924$20,693$148,617
Dennis McCarthyDirector of IT PlatformsFT$126,145$20,741$146,886

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$15,410,600
Program Service Revenue
$9,133,797
Investment Income
$95,282
Other Revenue
$2,171,975
All Other Contributions
$13,526,700
Change in Net Assets
$10,776,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,811,654
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$279,986
Total Revenue per Audited Statements
$27,091,640
Total Revenue per Form 990
$26,811,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,994,578
Other Expenses$6,040,078
Total Fundraising Expense$1,526,404
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,884,342$949,477$577,796$7,411,615
Fees for Services Other$1,831,620$153,906$85,668$2,071,194
Information Technology$1,333,689$328,794$90,933$1,753,416
Current Officers, Directors, Trustees, and Key Employees$959,148$201,276$99,510$1,259,934
Depreciation Depletion$991,086$59,720-$1,050,806
Other Employee Benefits$380,329$194,623$48,202$623,154
Occupancy$432,483$87,222$32,301$552,006
Payroll Taxes$264,316$164,707$42,636$471,659
Office Expenses$54,245$92,190$128,829$275,264
Advertising$165,488$87,041$17,514$270,043
Pension Plan Contributions$120,419$86,565$21,232$228,216
Interest$102,877$12,770$101,838$217,485
Travel$21,746$66,276$44,349$132,371
Fees for Services Accounting$1,200$66,182-$67,382
Insurance$19,405$16,579$19,209$55,193
Fees for Services Legal$18,641$34,288-$52,929
Fees for Service Investment Mgmnt Fees$7,483$6,393$7,408$21,284
Other Expenses$-1,095,012$-13,813$23,413$-1,108,825
Total Functional Expenses$11,699,248$2,809,004$1,526,404$16,034,656

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,314,642
Expenses per Audited Statements$16,034,656
Total Expenses per Form 990$16,034,656
Expenses Not Reported on Form 990$279,986
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$45,602

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America - Canada and Mexico, but not the United StatesCommissions for sales of product and subscriptions to FORMED.ORG.Royalties and Sales Commissions--$41,503
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Commissions for sales of product and subscriptions to FORMED.ORG.Royalties and Sales Commissions--$3,830
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,Commissions for sales of product and subscriptions to FORMED.ORG.Royalties and Sales Commissions--$269
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
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

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 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 fiscal year end, 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 committees for other officers and key employees.

Form 990, Part VI, Section C, line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Augustine Institute Inc
EIN
20-2349108
Phone
3039374420
Address
6160 S Syracuse Way No 310, Greenwood Village, CO 80111

Signing Officer

Name
Angela Parsons
Title
CFO
Phone
3039374420
Signed
2021-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Gray
Formed
2005
Legal Domicile
Co
Voting Board Members
19
Independent Board Members
18
Employees
190
Volunteers
1,550

Preparer

Firm
BiggsKofford PC
Address
630 Southpointe Court Suite 200, Colorado Springs, CO 80906
Preparer
Bret Wichert CPA
Phone
7195799090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Consulting Services: Program service expenses 953,244. Management and general expenses 45,998. Fundraising expenses 85,603. Total expenses 1,084,845. Creative design and licensing: Program service expenses 314,342. Management and general expenses 27,939. Fundraising expenses 0. Total expenses 342,281. Customer service: Program service expenses 346,064. Management and general expenses 27,656. Fundraising expenses 0. Total expenses 373,720. Other: Program service expenses 217,970. Management and general expenses 52,313. Fundraising expenses 65. Total expenses 270,348.

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:

Reclassification of Rental Expenses

Part XII, Line 2D - Other Adjustments:

Reclassification of Rental Expenses

Schedule D Line 2D

Movement of rental expenses from the statement of functional expense to the statement of revenue.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Archbishop Samuel Aquila
IRS990/Form990PartVIISectionAGrp/PersonNm1Jeff Schmitz
IRS990/Form990PartVIISectionAGrp/PersonNm2Kathy Craft
IRS990/Form990PartVIISectionAGrp/PersonNm3David Fischer
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Timothy Gray
IRS990/Form990PartVIISectionAGrp/PersonNm5David Haley
IRS990/Form990PartVIISectionAGrp/PersonNm6Marilyn Coors
IRS990/Form990PartVIISectionAGrp/PersonNm7Brian Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm8Terry Considine
IRS990/Form990PartVIISectionAGrp/PersonNm9Thomas Everett
IRS990/Form990PartVIISectionAGrp/PersonNm10Kevin Heringer
IRS990/Form990PartVIISectionAGrp/PersonNm11Wayne Murdy
IRS990/Form990PartVIISectionAGrp/PersonNm12Justin Doyle
IRS990/Form990PartVIISectionAGrp/PersonNm13Steven Goulart
IRS990/Form990PartVIISectionAGrp/PersonNm14Karmita Gusmano
IRS990/Form990PartVIISectionAGrp/PersonNm15Maryanne Means
IRS990/Form990PartVIISectionAGrp/PersonNm16Martha Reichert
IRS990/Form990PartVIISectionAGrp/PersonNm17LeRoy Landhuis
IRS990/Form990PartVIISectionAGrp/PersonNm18Andy Szocs
IRS990/Form990PartVIISectionAGrp/PersonNm19Angela Parsons
IRS990/Form990PartVIISectionAGrp/PersonNm20Dan Doheny
IRS990/Form990PartVIISectionAGrp/PersonNm21Mark Middendorf
IRS990/Form990PartVIISectionAGrp/PersonNm22Christopher Blum
IRS990/Form990PartVIISectionAGrp/PersonNm23Brian Truckenbrod
IRS990/Form990PartVIISectionAGrp/PersonNm24Steven Flanigan
IRS990/Form990PartVIISectionAGrp/PersonNm25Paul McCusker
IRS990/Form990PartVIISectionAGrp/PersonNm26Douglas Bushman
IRS990/Form990PartVIISectionAGrp/PersonNm27Brant Pitre
IRS990/Form990PartVIISectionAGrp/PersonNm28Dennis McCarthy
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4President, Trustee ex offi
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chief Revenue Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt22Academic Dean
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director of Evangelization
IRS990/Form990PartVIISectionAGrp/TitleTxt24Executive Producer
IRS990/Form990PartVIISectionAGrp/TitleTxt25Senior Director Content Cr
IRS990/Form990PartVIISectionAGrp/TitleTxt26Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt27Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director of IT Platforms
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
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IRS990/MissionDesc0The 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.
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IRS990/OtherChangesInNetAssetsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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