Civic Intelligence

The Charlemagne Institute

990 • Fiscal year 2021 • EIN 26-4057885

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 29, 2022

8011 34th Ave So Ste C11Bloomington, MN 55425

(952) 388-0840

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.37x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$177,423

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

14th percentile

-4.4%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

$4,134,253

No earlier filing loaded for comparison.

Net Assets

$3,839,536

No earlier filing loaded for comparison.

Liabilities

$294,717

No earlier filing loaded for comparison.

Revenue

$802,178

No earlier filing loaded for comparison.

Expenses

$1,585,906

No earlier filing loaded for comparison.

Net Income

-$783,728

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.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $125,739Liabilities 2010: $72,867Net Assets 2010: $52,8722010Assets 2011: $465,667Liabilities 2011: $279,842Net Assets 2011: $185,8252011Assets 2012: $464,498Liabilities 2012: $50,597Net Assets 2012: $413,9012012Assets 2014: $650,071Liabilities 2014: $12,979Net Assets 2014: $637,0922014Assets 2015: $692,697Liabilities 2015: $9,387Net Assets 2015: $683,3102015Assets 2016: $589,734Liabilities 2016: $21,282Net Assets 2016: $568,4522016Assets 2017: $462,000Liabilities 2017: $8,558Net Assets 2017: $453,4422017Assets 2020: $4,325,437Liabilities 2020: $173,822Net Assets 2020: $4,151,6152020Assets 2021: $4,134,253Liabilities 2021: $294,717Net Assets 2021: $3,839,5362021Assets 2022: $2,551,120Liabilities 2022: $250,373Net Assets 2022: $2,300,7472022Assets 2024: $76,949Liabilities 2024: $220,836Net Assets 2024: -$143,8872024

Highlighted filing

2021

Assets$4,134,253
Liabilities$294,717
Net Assets$3,839,536

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $760,9352010Expenses 2011: $1,512,0742011Expenses 2012: $2,018,2932012Revenue 2014: $1,080,371Expenses 2014: $835,601Net Income 2014: $244,7702014Revenue 2015: $1,072,688Expenses 2015: $1,026,470Net Income 2015: $46,2182015Revenue 2016: $932,443Expenses 2016: $1,047,301Net Income 2016: -$114,8582016Revenue 2017: $1,020,664Expenses 2017: $1,129,605Net Income 2017: -$108,9412017Revenue 2020: $961,607Expenses 2020: $1,502,890Net Income 2020: -$541,2832020Revenue 2021: $802,178Expenses 2021: $1,585,906Net Income 2021: -$783,7282021Revenue 2022: $782,026Expenses 2022: $1,709,882Net Income 2022: -$927,8562022Revenue 2024: $372,067Expenses 2024: $1,048,177Net Income 2024: -$676,1102024

Highlighted filing

2021

Revenue$802,178
Expenses$1,585,906
Net Income-$783,728
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 29, 2022
Return Version
2021v4.0
Gross Receipts
$1,068,424
Mission and Program Overview

Mission

The charlemagne institute is defending and advancing western civilization through print, digital and in-person communications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,052,719$4,028,794▼ $23,925
Pledges and Grants Receivable$100,000--
Cash and Non-Interest-Bearing Accounts$117,360$40,063▼ $77,297
Prepaid Expenses and Deferred Charges$4,707$35,019▲ $30,312
Land, Buildings, and Equipment, Net$28,181$19,217▼ $8,964
Intangible Assets$14,400$9,600▼ $4,800
Accounts Receivable$7,563$1,053▼ $6,510
Savings and Temporary Cash Investments$507$507→ $0
Total Assets$4,325,437$4,134,253▼ $191,184
Liabilities
Deferred Revenue$122,525$184,022▲ $61,497
Accounts Payable and Accrued Expenses$51,297$110,695▲ $59,398
Total Liabilities$173,822$294,717▲ $120,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,910,598$3,598,519▼ $312,079
Net Assets With Donor Restrictions$241,017$241,017→ $0
Total Net Assets Fund Balance$4,151,615$3,839,536▼ $312,079
Total Liabilities and Net Assets / Fund Balance$4,325,437$4,134,253▼ $191,184

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,217$153,821$173,038

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,052,719-▲ $598,046$579,999$4,028,794
2020$4,840,730-▼ $204$746,250$4,052,719
2019$5,235,079-▲ $867,986$1,210,000$4,840,730
2018$5,730,100-▲ $161,544$600,000$5,235,079
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Devin FoleyCEOFT$139,899$37,524$177,423

Board Members and Trustees

NameTitle
Raymond WelderChairman
Frank RussomannoVice Chairma
Thomas PaukenVice Chairma
Alan LannersDirector
Andrew HutchinsonDirector
Dwight TostensonDirector
John RoachDirector
Marschall SmithDirector
Paul LagardeDirector
Sharon HawkinsDirector
Thomas PiatakDirector
George CsataryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$700,860
Program Service Revenue
$0
Investment Income
$126,397
Other Revenue
$-25,079
All Other Contributions
$484,206
Change in Net Assets
$-783,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,026,452
Revenue Not Reported on Financial Statements
$-224,274
Revenue Not Reported on Form 990
$471,649
Other Revenue Adjustments
$-266,246
Total Revenue per Audited Statements
$1,498,101
Total Revenue per Form 990
$802,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$853,036
Other Expenses$732,870
Total Fundraising Expense$77,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,155$40,308$36,083$571,546
Office Expenses$204,765$16,476$14,122$235,363
Current Officers, Directors, Trustees, and Key Employees$138,034$11,237$10,059$159,330
Information Technology$113,735--$113,735
Occupancy$57,840$4,010$3,437$65,287
Payroll Taxes$53,461$5,644$3,688$62,793
Other Employee Benefits$51,979$3,892$3,496$59,367
Fees for Service Investment Mgmnt Fees-$41,972-$41,972
Depreciation Depletion$6,302$13,154-$19,456
Travel$11,776$3,006$540$15,322
Advertising$7,959$640$549$9,148
Insurance$6,902$555$476$7,933
All Other Expenses$761$1,551$53$2,365
Other Expenses$1,469$358$200$1,827
Total Functional Expenses$1,347,010$161,041$77,855$1,585,906

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,810,180
Total Expenses per Form 990$1,585,906
Expenses per Audited Statements$1,543,934
Expenses Not Reported on Form 990$266,246
Expenses Not Reported on Financial Statements$41,972
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
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members.

Form 990, Page 6, Part VI, Line 7A

The members may elect the governing body.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body are reviewed and approved by the members.

Form 990, Page 6, Part VI, Line 11B

The board reviews form 990 at their meeting after the form is received from the accountants, prior to filing due date.

Form 990, Page 6, Part VI, Line 12C

The controller and treasurer monitor all spending to ensure that no expenses or other outgoing payments have a direct financial benefit to board directors or highly compensated employees. Major expenses require both management and board approval. Other checks and balances are in place and the directors self-report.

Form 990, Page 6, Part VI, Line 15A

Compensation for the ceo is set by the board of directors, based on work experience, performance, and the comparative market within the industry.

Form 990, Page 6, Part VI, Line 15B

Compensation for other officers and employees is set by the ceo with the board of directors oversight, based on work experience, performance, and the comparative market within the industry.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Charlemagne Institute
EIN
26-4057885
Phone
9523880840
Address
8011 34TH AVE SO STE C11, BLOOMINGTON, MN 55425
Doing Business As
Chronicles Magazine

Signing Officer

Name
George Csatary
Title
Treasurer
Phone
6513515155
Signed
2022-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Roach
Formed
2009
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
12
Employees
11

Preparer

Firm
Boyum & Barenscheer Pllp
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Anna Lovegren
Phone
9528544244
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

INTELLECTUAL TAKEOUT

Form 990, Page 2, Part III, Line 4B

Intellectual takeout is charlemagne institute's webzine geared towards a younger american audience. Established in 2009, intellectual takeout (ito) has over 8 million unique readers annually and tens of millions of views of content via social media and email outreach and communications. Over the course of a year, ito will publish over 1,000 articles promoted to 700,000 followers via social media. Our webzine helps educate our readers on the foundations, traditions, principles, and history of america and western civilization. At the same time, ito deconstructs modern and past ideologies, showing the faulty logic and the disastrous results. Throughout all our publications, charlemagne institute draws a clear line between our editorial decisions and our donors and board of directors. While donors may direct funding to specific projects, such as the alcuin internship, they are not directing the writing or publishing of our content. We publish a wide range of content that is meant to foster discussion and further intellectual discovery.

Form 990, Page 2, Part III, Line 4C

Chronicles: a magazine of american culture has been a stronghold of intelligent, conservative discourse on western and american culture since 1977. Each year, we publish 12 issues of the magazine. All charlemagne institute members receive a subscription to chronicles. In 2022, we will be celebrating our 45th anniversary. Through the print magazine as well as social media outlets, our website, tv and radio interviews, and podcasts, chronicles examines and analyzes current events from the perspectives of history, theology, literature, and philosophy. Influencing the influential, over a third of its 7,000 subscribers hold advanced degrees. Its readership includes novelists, filmmakers, university professors, teachers, homeschooling mothers, priests and pastors, captains of industry, government researchers, journalists, think tank leaders, lawyers, bishops, judges, bureaucrats, and politicians. In 2020, we released our first volume of remembering the right, a special compilation issue of articles dedicated to sharing the wisdom of past conservative and western intellectuals. Charlemagne institute became the publisher of chronicles on december 31, 2018, when the rockford institute, chronicles' original publisher, dissolved and all its assets were assumed by charlemagne institute. Throughout all our publications, charlemagne institute draws a clear line between our editorial decisions and our donors and board of directors. While donors may direct funding to specific projects, such as the alcuin internship, they are not directing the writing or publishing of our content. We publish a wide range of content that is meant to foster discussion and further intellectual discovery.

Form 990, Page 2, Part III, Line 4D

The alcuin internship & covid: due to covid restrictions, charlemagne institute was unable to host the alcuin internship in 2020. We plan to relaunch the program for the summer of 2022. The alcuin internship is an intensive, intellectual, and professional training program for a group of leading college students and recent graduates. Traditionally hosted by charlemagne institute each summer, the alcuin internship deepens participants' understanding of the history of western civilization and the modern conservative movement while preparing them for lives of work and service. The program features a 5-day "intellectual bootcamp" followed by a weekly seminar-day featuring professors and thought-leaders from around the country discussing topics such as the history of conservatism, the roman republic, the roots of the western intellectual tradition, the french vs. American revolutions, and christianity's role in shaping the west. Additionally, the alcuin internship provides professional mentorship in writing for a diverse audience, business etiquette, networking, and growth opportunities in support of the mission. Despite the challenges of the covid-era, we have seen continued growth in fundraising and memberships. The vast majority of our supporters give between 50 and 1,000 annually, providing us a strong and broad foundation for continued growth to expand our reach and influence.

Form 990, Part XI, Line 9

Direct expenses (cogs) 266,246 direct expenses (cogs) -266,246

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has not been audited by a tax authority, and accordingly the informational tax returns for the past three years are open to examination. Management has evaluated its tax positions and has concluded that they do not result in anything that would require either recording or disclosure in the financial statements based on the criteria set forth in asc 740.

Schedule D, Page 4, Part XI, Line 4B

Direct expenses (cogs) -266,246

Schedule D, Page 4, Part XII, Line 2D

Direct expenses (cogs) 266,246

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IRS990/ProgSrvcAccomActy2Grp/Desc0INTELLECTUAL TAKEOUT IS CHARLEMAGNE INSTITUTE'S WEBZINE GEARED TOWARDS A YOUNGER AMERICAN AUDIENCE. ESTABLISHED IN 2009, INTELLECTUAL TAKEOUT (ITO) HAS OVER 8 MILLION UNIQUE READERS ANNUALLY AND TENS OF MILLIONS OF VIEWS OF CONTENT VIA SOCIAL MEDIA AND EMAIL OUTREACH AND COMMUNICATIONS. OVER THE COURSE OF A YEAR, ITO WILL PUBLISH OVER 1,000 ARTICLES PROMOTED TO 700,000 FOLLOWERS VIA SOCIAL MEDIA. OUR WEBZINE HELPS EDUCATE OUR READERS ON THE FOUNDATIONS, TRADITIONS, PRINCIPLES, AND HISTORY OF AMERICA AND WESTERN CIVILIZATION. AT THE SAME TIME, ITO DECONSTRUCTS MODERN AND PAST IDEOLOGIES, SHOWING THE FAULTY LOGIC AND THE DISASTROUS RESULTS. THROUGHOUT ALL OUR PUBLICATIONS, CHARLEMAGNE INSTITUTE DRAWS A CLEAR LINE BETWEEN OUR EDITORIAL DECISIONS AND OUR DONORS AND BOARD OF DIRECTORS. WHILE DONORS MAY DIRECT FUNDING TO SPECIFIC PROJECTS, SUCH AS THE ALCUIN INTERNSHIP, THEY ARE NOT DIRECTING THE WRITING OR PUBLISHING OF OUR CONTENT. WE PUBLISH A WIDE RANGE OF CONTENT THAT IS MEANT TO FOSTER DISCUSSION AND FURTHER INTELLECTUAL DISCOVERY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CHRONICLES: A MAGAZINE OF AMERICAN CULTURE HAS BEEN A STRONGHOLD OF INTELLIGENT, CONSERVATIVE DISCOURSE ON WESTERN AND AMERICAN CULTURE SINCE 1977. EACH YEAR, WE PUBLISH 12 ISSUES OF THE MAGAZINE. ALL CHARLEMAGNE INSTITUTE MEMBERS RECEIVE A SUBSCRIPTION TO CHRONICLES. IN 2022, WE WILL BE CELEBRATING OUR 45TH ANNIVERSARY. THROUGH THE PRINT MAGAZINE AS WELL AS SOCIAL MEDIA OUTLETS, OUR WEBSITE, TV AND RADIO INTERVIEWS, AND PODCASTS, CHRONICLES EXAMINES AND ANALYZES CURRENT EVENTS FROM THE PERSPECTIVES OF HISTORY, THEOLOGY, LITERATURE, AND PHILOSOPHY. INFLUENCING THE INFLUENTIAL, OVER A THIRD OF ITS 7,000 SUBSCRIBERS HOLD ADVANCED DEGREES. ITS READERSHIP INCLUDES NOVELISTS, FILMMAKERS, UNIVERSITY PROFESSORS, TEACHERS, HOMESCHOOLING MOTHERS, PRIESTS AND PASTORS, CAPTAINS OF INDUSTRY, GOVERNMENT RESEARCHERS, JOURNALISTS, THINK TANK LEADERS, LAWYERS, BISHOPS, JUDGES, BUREAUCRATS, AND POLITICIANS. IN 2020, WE RELEASED OUR FIRST VOLUME OF REMEMBERING THE RIGHT, A SPECIAL COMPILATION ISSUE OF ARTICLES DEDICATED TO SHARING THE WISDOM OF PAST CONSERVATIVE AND WESTERN INTELLECTUALS. CHARLEMAGNE INSTITUTE BECAME THE PUBLISHER OF CHRONICLES ON DECEMBER 31, 2018, WHEN THE ROCKFORD INSTITUTE, CHRONICLES' ORIGINAL PUBLISHER, DISSOLVED AND ALL ITS ASSETS WERE ASSUMED BY CHARLEMAGNE INSTITUTE. THROUGHOUT ALL OUR PUBLICATIONS, CHARLEMAGNE INSTITUTE DRAWS A CLEAR LINE BETWEEN OUR EDITORIAL DECISIONS AND OUR DONORS AND BOARD OF DIRECTORS. WHILE DONORS MAY DIRECT FUNDING TO SPECIFIC PROJECTS, SUCH AS THE ALCUIN INTERNSHIP, THEY ARE NOT DIRECTING THE WRITING OR PUBLISHING OF OUR CONTENT. WE PUBLISH A WIDE RANGE OF CONTENT THAT IS MEANT TO FOSTER DISCUSSION AND FURTHER INTELLECTUAL DISCOVERY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ALCUIN INTERNSHIP & COVID: DUE TO COVID RESTRICTIONS, CHARLEMAGNE INSTITUTE WAS UNABLE TO HOST THE ALCUIN INTERNSHIP IN 2020. WE PLAN TO RELAUNCH THE PROGRAM FOR THE SUMMER OF 2022. THE ALCUIN INTERNSHIP IS AN INTENSIVE, INTELLECTUAL, AND PROFESSIONAL TRAINING PROGRAM FOR A GROUP OF LEADING COLLEGE STUDENTS AND RECENT GRADUATES. TRADITIONALLY HOSTED BY CHARLEMAGNE INSTITUTE EACH SUMMER, THE ALCUIN INTERNSHIP DEEPENS PARTICIPANTS' UNDERSTANDING OF THE HISTORY OF WESTERN CIVILIZATION AND THE MODERN CONSERVATIVE MOVEMENT WHILE PREPARING THEM FOR LIVES OF WORK AND SERVICE. THE PROGRAM FEATURES A 5-DAY "INTELLECTUAL BOOTCAMP" FOLLOWED BY A WEEKLY SEMINAR-DAY FEATURING PROFESSORS AND THOUGHT-LEADERS FROM AROUND THE COUNTRY DISCUSSING TOPICS SUCH AS THE HISTORY OF CONSERVATISM, THE ROMAN REPUBLIC, THE ROOTS OF THE WESTERN INTELLECTUAL TRADITION, THE FRENCH VS. AMERICAN REVOLUTIONS, AND CHRISTIANITY'S ROLE IN SHAPING THE WEST. ADDITIONALLY, THE ALCUIN INTERNSHIP PROVIDES PROFESSIONAL MENTORSHIP IN WRITING FOR A DIVERSE AUDIENCE, BUSINESS ETIQUETTE, NETWORKING, AND GROWTH OPPORTUNITIES IN SUPPORT OF THE MISSION. DESPITE THE CHALLENGES OF THE COVID-ERA, WE HAVE SEEN CONTINUED GROWTH IN FUNDRAISING AND MEMBERSHIPS. THE VAST MAJORITY OF OUR SUPPORTERS GIVE BETWEEN 50 AND 1,000 ANNUALLY, PROVIDING US A STRONG AND BROAD FOUNDATION FOR CONTINUED GROWTH TO EXPAND OUR REACH AND INFLUENCE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.22$0.14$0.37$1.05$0.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.25$2.30$0.78$1.71$0.93
2021Detailed filing. Detailed filing data is available for this year.$4.13$0.29$3.84$0.80$1.59$0.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.17$4.15$0.96$1.50$0.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.01$0.45$1.02$1.13$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.02$0.57$0.93$1.05$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.68$1.07$1.03$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$1.08$0.84$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.05$0.41$2.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.28$0.19$1.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.07$0.05$0.76