Civic Intelligence

Augustine Institute Inc.

990 • Fiscal year 2020 • EIN 20-2349108

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

6160 South 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

80th percentile

0.64x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.61x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$290,252

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

73rd percentile

19%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$18,035,859

Up $2,836,948 (+19%) from 2019

Net Assets

Up

$6,457,796

Up $4,755,678 (+279%) from 2019

Liabilities

Down

$11,578,063

Down $1,918,730 (-14%) from 2019

Revenue

Up

$18,866,629

Up $2,858,068 (+18%) from 2019

Expenses

Down

$15,645,834

Down $4,714,492 (-23%) from 2019

Net Income

Up

$3,220,795

Up $7,572,560 (+174%) from 2019

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

2020

Assets$18,035,859
Liabilities$11,578,063
Net Assets$6,457,796

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

2020

Revenue$18,866,629
Expenses$15,645,834
Net Income$3,220,795
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.1
Gross Receipts
$22,403,027
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$8,861,595$8,642,315▼ $219,280
Loans From Officers Directors$6,500,000$0▼ $6,500,000
Savings and Temporary Cash Investments$149,755$2,951,763▲ $2,802,008
Cash and Non-Interest-Bearing Accounts$1,446,482$1,981,399▲ $534,917
Intangible Assets$2,627,837$1,869,041▼ $758,796
Inventories for Sale or Use$1,133,298$1,520,893▲ $387,595
Accounts Receivable$643,994$561,037▼ $82,957
Prepaid Expenses and Deferred Charges$208,955$345,356▲ $136,401
Investments Other Securities$59,644$158,947▲ $99,303
Total Assets$15,198,911$18,035,859▲ $2,836,948
Other Assets Total$67,351$5,108▼ $62,243
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$6,363,295▲ $6,363,295
Accounts Payable and Accrued Expenses$4,755,946$2,392,461▼ $2,363,485
Unsecured Notes Loans Payable$0$1,883,900▲ $1,883,900
Deferred Revenue$2,240,847$938,407▼ $1,302,440
Total Liabilities$13,496,793$11,578,063▼ $1,918,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$903,703$4,570,177▲ $3,666,474
Net Assets With Donor Restrictions$798,415$1,887,619▲ $1,089,204
Total Net Assets Fund Balance$1,702,118$6,457,796▲ $4,755,678
Total Liabilities and Net Assets / Fund Balance$15,198,911$18,035,859▲ $2,836,948

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,052,297$575,164$8,627,461
Equipment$121,355$627,071$748,426
Leasehold Improvements$256,524$57,734$314,258
Other Land Buildings$212,139-$212,139

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2015$78,177-▼ $4,284$25,000$48,893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MiddendorfChief Revenue OfficerFT$157,315$132,937$290,252
Dr Timothy GrayPresident, Trustee ex offiFT$179,876$61,085$240,961
Matthew H MeeksChief Marketing and Innovation OfficerFT$216,764$14,577$231,341
Matthew H MeeksChief Marketing and Innovation Offic-$209,264$22,077$231,341
Dan DonaldsonSr Mission Advancement OfficerFT$145,736$44,363$190,099
Brian TruckenbrodDirector of EvangelizationFT$143,637$43,949$187,586
Christopher BlumAcademic DeanFT$148,152$25,734$173,886
Angela ParsonsCFOFT$143,451$10,690$154,141
Timothy TruckenbrodSenior Gift OfficerFT$125,906$24,897$150,803
Paul McCuskerSenior Director Content CreationFT$128,495$21,533$150,028
Douglas BushmanProfessorFT$126,283$15,548$141,831
Brant PitreProfessorFT$116,620$19,634$136,254
Revenue and Support

Revenue Composition

Contributions and Grants
$8,449,070
Program Service Revenue
$8,022,888
Investment Income
$2,706
Other Revenue
$2,391,965
All Other Contributions
$8,449,070
Change in Net Assets
$3,220,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,866,629
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$271,702
Total Revenue per Audited Statements
$19,138,331
Total Revenue per Form 990
$18,866,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,196,904
Other Expenses$5,448,930
Total Fundraising Expense$1,074,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,171,997$1,109,239$485,583$6,766,819
Current Officers, Directors, Trustees, and Key Employees$1,553,372$333,152$145,842$2,032,366
Fees for Services Other$1,504,954$141,560$5,263$1,651,777
Depreciation Depletion$1,276,946$266,555-$1,543,501
Information Technology$756,365$432,082$62,176$1,250,623
Other Employee Benefits$509,364$109,243$47,823$666,430
Payroll Taxes$441,304$94,647$41,433$577,384
Travel$112,058$72,003$115,568$299,629
Interest$192,887$41,972$16,074$250,933
Office Expenses$55,392$43,923$57,048$156,363
Pension Plan Contributions$117,632$25,229$11,044$153,905
Insurance$45,033$26,269$3,753$75,055
Fees for Services Accounting-$54,931-$54,931
Occupancy$32,615$18,981$2,712$54,308
Fees for Services Legal$38,079$4,972$133$43,184
Other Expenses$6,339$3,698$528$10,565
All Other Expenses$-685,468$-30,082-$-715,550
Total Functional Expenses$11,672,903$2,898,512$1,074,419$15,645,834

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,917,536
Expenses per Audited Statements$15,645,834
Total Expenses per Form 990$15,645,834
Expenses Not Reported on Form 990$271,702
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$60,633

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--$54,598
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Commissions for sales of product and subscriptions to FORMED.ORG.Royalties and Sales Commissions--$5,716
Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso,Commissions for sales of product and subscriptions to FORMED.ORG.Royalties and Sales Commissions--$319
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$6,500,000$0▼ $6,500,000
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 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 South Syracuse Way No 310, Greenwood Village, CO 80111

Signing Officer

Name
Angela Parsons
Title
CFO
Phone
3039374420
Signed
2020-12-18
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
284
Volunteers
1,531

Preparer

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

Additional Explanations

Form 990, Part IX, line 11G

Other Professional Fees: Program service expenses 1,504,954. Management and general expenses 141,560. Fundraising expenses 5,263. Total expenses 1,651,777.

Form 990, Part XI, line 9:

ASC 606 Revenue Recognition - Prior Period Adjustment 1,534,883.

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/OtherCompensationAmt2721415
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2814577
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/PersonNm20Mark Middendorf
IRS990/Form990PartVIISectionAGrp/PersonNm21Christopher Blum
IRS990/Form990PartVIISectionAGrp/PersonNm22Brian Truckenbrod
IRS990/Form990PartVIISectionAGrp/PersonNm23Timothy Truckenbrod
IRS990/Form990PartVIISectionAGrp/PersonNm24Paul McCusker
IRS990/Form990PartVIISectionAGrp/PersonNm25Douglas Bushman
IRS990/Form990PartVIISectionAGrp/PersonNm26Brant Pitre
IRS990/Form990PartVIISectionAGrp/PersonNm27Dan Donaldson
IRS990/Form990PartVIISectionAGrp/PersonNm28Matthew H Meeks
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4President, Trustee ex offi
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
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/TitleTxt20Chief Revenue Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt21Academic Dean
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director of Evangelization
IRS990/Form990PartVIISectionAGrp/TitleTxt23Senior Gift Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt24Senior Director Content Creation
IRS990/Form990PartVIISectionAGrp/TitleTxt25Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt26Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt27Sr Mission Advancement Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt28Chief Marketing and Innovation Officer
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IRS990/Form990TFiledInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02186
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02186
IRS990/GrossReceiptsAmt022403027
IRS990/GrossRentsGrp/RealAmt0404648
IRS990/GrossSalesOfInventoryAmt05471574
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndivRcvdGreaterThan100KCnt017
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IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt0756365
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IRS990/InsuranceGrp/FundraisingAmt03753
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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/OtherEmployeeBenefitsGrp/ProgramServicesAmt0509364
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0666430
IRS990/OtherExpensesGrp/Desc0Building Expenses

Document Assets

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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