Civic Intelligence

Catholic Distance University Inc.

990 • Fiscal year 2019 • EIN 54-1251090

Jul 01, 2018 to Jun 30, 2019 • Filed on May 08, 2020

300 S George StCharles Town, WV 25414

(304) 724-5000

Siviq Scores

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

Liabilities / Assets

80th percentile

0.48x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.37x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

34th percentile

-1.7%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$103,061

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.1%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-13%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,208,107

Up $80,515 (+7.1%) from 2018

Net Assets

Up

$633,076

Up $129,212 (+26%) from 2018

Liabilities

Down

$575,031

Down $48,697 (-7.8%) from 2018

Revenue

Down

$1,571,008

Down $240,988 (-13%) from 2018

Expenses

Down

$1,597,091

Down $122,234 (-7.1%) from 2018

Net Income

Down

-$26,083

Down $118,754 (-128%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,476,427Liabilities 2011: $815,326Net Assets 2011: $661,1012011Assets 2012: $1,391,594Liabilities 2012: $833,367Net Assets 2012: $558,2272012Assets 2013: $1,417,903Liabilities 2013: $886,770Net Assets 2013: $531,1332013Assets 2014: $1,389,762Liabilities 2014: $822,995Net Assets 2014: $566,7672014Assets 2015: $1,247,362Liabilities 2015: $492,927Net Assets 2015: $754,4352015Assets 2016: $888,867Liabilities 2016: $397,940Net Assets 2016: $490,9272016Assets 2017: $990,663Liabilities 2017: $538,365Net Assets 2017: $452,2982017Assets 2018: $1,127,592Liabilities 2018: $623,728Net Assets 2018: $503,8642018Assets 2019: $1,208,107Liabilities 2019: $575,031Net Assets 2019: $633,0762019Assets 2020: $1,198,493Liabilities 2020: $554,576Net Assets 2020: $643,9172020Assets 2021: $1,429,721Liabilities 2021: $570,706Net Assets 2021: $859,0152021Assets 2022: $2,146,003Liabilities 2022: $1,418,400Net Assets 2022: $727,6032022Assets 2023: $1,844,075Liabilities 2023: $1,079,881Net Assets 2023: $764,1942023Assets 2024: $2,029,888Liabilities 2024: $1,258,522Net Assets 2024: $771,3662024Assets 2025: $1,929,981Liabilities 2025: $1,063,381Net Assets 2025: $866,6002025

Highlighted filing

2019

Assets$1,208,107
Liabilities$575,031
Net Assets$633,076

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,118,361Expenses 2011: $1,088,180Net Income 2011: $30,1812011Expenses 2012: $1,233,9112012Expenses 2013: $1,310,6842013Revenue 2014: $1,343,671Expenses 2014: $1,368,019Net Income 2014: -$24,3482014Revenue 2015: $1,464,185Expenses 2015: $1,243,526Net Income 2015: $220,6592015Revenue 2016: $1,199,753Expenses 2016: $1,455,193Net Income 2016: -$255,4402016Revenue 2017: $1,483,252Expenses 2017: $1,584,889Net Income 2017: -$101,6372017Revenue 2018: $1,811,996Expenses 2018: $1,719,325Net Income 2018: $92,6712018Revenue 2019: $1,571,008Expenses 2019: $1,597,091Net Income 2019: -$26,0832019Revenue 2020: $1,805,667Expenses 2020: $1,755,676Net Income 2020: $49,9912020Revenue 2021: $1,834,641Expenses 2021: $1,832,986Net Income 2021: $1,6552021Revenue 2022: $2,029,351Expenses 2022: $2,023,005Net Income 2022: $6,3462022Revenue 2023: $2,379,216Expenses 2023: $2,333,063Net Income 2023: $46,1532023Revenue 2024: $2,856,901Expenses 2024: $2,887,730Net Income 2024: -$30,8292024Revenue 2025: $3,885,225Expenses 2025: $3,832,388Net Income 2025: $52,8372025

Highlighted filing

2019

Revenue$1,571,008
Expenses$1,597,091
Net Income-$26,083
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 8, 2020
Return Version
2018v3.2
Gross Receipts
$1,769,212
Mission and Program Overview

Mission

The mission of catholic distance university is to communicate the mind and heart of the church in a digital workd. Using distance education, the university educates teachers and learners worldwide in catholic theology, the liberal arts, and faith development for the growth of faith, ecclesial service, and leadership for the new evangelization.

The mission of catholic distance university is to communicate the mind and heart of the church in a digital world. Using distance education, the univeristy educates teachers and learners worldwide in catholic theology, the liberal arts, and faith development for the growth of faith, ecclesial service and leadership for the new evangelization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$551,278$589,382▲ $38,104
Cash and Non-Interest-Bearing Accounts$215,525$309,559▲ $94,034
Pledges and Grants Receivable$150,969$154,469▲ $3,500
Land, Buildings, and Equipment, Net$139,547$86,621▼ $52,926
Prepaid Expenses and Deferred Charges$57,637$52,882▼ $4,755
Accounts Receivable$12,636$15,194▲ $2,558
Total Assets$1,127,592$1,208,107▲ $80,515
Liabilities
Mortgage Notes Payable Secured by Investment Property$341,101$325,000▼ $16,101
Deferred Revenue$147,786$133,351▼ $14,435
Other Liabilities$71,443$67,594▼ $3,849
Accounts Payable and Accrued Expenses$63,398$49,086▼ $14,312
Total Liabilities$623,728$575,031▼ $48,697
Net Assets / Fund Balance
Unrestricted Net Assets$473,460$488,626▲ $15,166
Temporarily Rstr Net Assets$30,404$144,450▲ $114,046
Total Net Assets Fund Balance$503,864$633,076▲ $129,212
Total Liabilities and Net Assets / Fund Balance$1,127,592$1,208,107▲ $80,515

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$76,862$684,528$761,390
Equipment$9,759$98,348$108,107
Other Securities$75,062--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$427,160
Program Service Revenue
$1,023,812
Investment Income
$20,915
Other Revenue
$99,121
All Other Contributions
$427,160
Change in Net Assets
$-26,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,571,008
Revenue Not Reported on Form 990
$41,249
Total Revenue per Audited Statements
$1,612,257
Total Revenue per Form 990
$1,571,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,164,519
Salaries, Compensation, and Employee Benefits$432,572
Total Fundraising Expense$116,518
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,865$99,287$67,452$253,604
Information Technology$156,994$35,737-$192,731
Advertising$134,225$15,791$7,896$157,912
Fees for Services Other$89,162$63,884-$153,046
Current Officers, Directors, Trustees, and Key Employees$102,000--$102,000
Payroll Taxes$44,107$15,162$9,648$68,917
Depreciation Depletion$44,554$9,003$530$54,087
Occupancy$20,476$28,800$886$50,162
All Other Expenses$41,251$5,514$1,553$48,318
Other Expenses$40,667-$25,798$25,798
Office Expenses$17,898$4,518$905$23,321
Interest-$16,728-$16,728
Travel$6,962$3,542$642$11,146
Insurance$996$8,960-$9,956
Other Employee Benefits$5,394$1,449$1,208$8,051
Total Functional Expenses$1,172,198$308,375$116,518$1,597,091

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,597,091
Total Expenses per Audited Statements$1,597,091
Total Expenses per Form 990$1,597,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$185,409
Fundraising Direct Expenses$86,288
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$185,409$185,409$86,288$99,121
Total Events$185,409$185,409$86,288$99,121
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Taxes$25,856
Other Deferred Revenue$21,006
Accrued Vacation$18,786
Capitalized Leases Payable$1,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

A copy of the 990 along with the audited financial statements are provided to each board member and officer for comments and questions

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

Each board member and officer is required to disclose, at least annually, any known conflicts of interest in writing and submit them to the organization's president.

Form 990, Page 6, Part VI, Line 19

The organization makes it governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Catholic Distance University
EIN
54-1251090
Phone
3047245000
Address
300 S GEORGE ST, CHARLES TOWN, WV 25414

Signing Officer

Name
Marianne Evans Mount Phd
Title
President/secretary
Phone
3047245000
Signed
2020-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marianne Evans Mount Phd
Formed
1983
Legal Domicile
Va
Voting Board Members
22
Independent Board Members
22
Employees
44
Volunteers
91

Preparer

Firm
Wilke & Associates Llp
Address
1721 COCHRAN RD STE 200, PITTSBURGH, PA 15220-1002
Preparer
Peter E Fleming
Phone
4122782200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of catholic distance university is to communicate the mind and heart of the church in a digital workd. Using distance education, the university educates teachers and learners worldwide in catholic theology, the liberal arts, and faith development for the growth of faith, ecclesial service, and leadership for the new evangelization.

Form 990, Part XI, Line 9

Change in temporarily restricted net assets 114,046

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
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IRS990/FundraisingActivitiesInd0true
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt0156994
IRS990/InformationTechnologyGrp/TotalAmt0192731
IRS990/InsuranceGrp/ManagementAndGeneralAmt08960
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE MISSION OF CATHOLIC DISTANCE UNIVERSITY IS TO COMMUNICATE THE MIND AND HEART OF THE CHURCH IN A DIGITAL WORKD. USING DISTANCE EDUCATION, THE UNIVERSITY EDUCATES TEACHERS AND LEARNERS WORLDWIDE IN CATHOLIC THEOLOGY, THE LIBERAL ARTS, AND FAITH DEVELOPMENT FOR THE GROWTH OF FAITH, ECCLESIAL SERVICE, AND LEADERSHIP FOR THE NEW EVANGELIZATION.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01208
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01449
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05394
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IRS990/OtherExpensesGrp/Desc0FACULTY STIPENDS & COURSE
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2DEAC/HLC/ATSACCREDITATION
IRS990/OtherExpensesGrp/Desc3OTHER FUNDRAISING
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IRS990/OtherExpensesGrp/ProgramServicesAmt0197863
IRS990/OtherExpensesGrp/ProgramServicesAmt1182784
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IRS990/OtherExpensesGrp/TotalAmt240667
IRS990/OtherExpensesGrp/TotalAmt325798
IRS990/OtherLiabilitiesGrp/BOYAmt071443
IRS990/OtherLiabilitiesGrp/EOYAmt067594
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt099287
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086865
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IRS990/PayrollTaxesGrp/ProgramServicesAmt044107
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt194655
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IRS990/PYTotalRevenueAmt01811996
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-26083
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01023812
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.06$0.87$3.89$3.83$0.05
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$1.26$0.77$2.86$2.89$0.03
2023Summary only. Only limited summary data is available for this year.$1.84$1.08$0.76$2.38$2.33$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$1.42$0.73$2.03$2.02$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.57$0.86$1.83$1.83$0.00
2020Summary only. Only limited summary data is available for this year.$1.20$0.55$0.64$1.81$1.76$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.58$0.63$1.57$1.60$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.62$0.50$1.81$1.72$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.54$0.45$1.48$1.58$0.10
2016Summary only. Only limited summary data is available for this year.$0.89$0.40$0.49$1.20$1.46$0.26
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.49$0.75$1.46$1.24$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.39$0.82$0.57$1.34$1.37$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.89$0.53$1.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.83$0.56$1.23
2011Summary only. Only limited summary data is available for this year.$1.48$0.82$0.66$1.12$1.09$0.03