Civic Intelligence

Saint Augustine'S College

EIN 56-0547478 • 501(c)3 • Raleigh, NC

Profile

The university provides a healthy learning environment where students are prepared to excel academically, socially, and spiritually in order to be equipped for leadership roles in a complex, diverse, and dynamically changing world.

1315 Oakwood AvenueRaleigh, NC 27610

www.st-aug.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.55x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

2.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

7th percentile

-31%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-2.0%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-41%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$81,877,848

Down $1,637,796 (-2.0%) from 2023

Liabilities

Up

$45,418,598

Up $2,484,567 (+5.8%) from 2023

Net Assets

Down

$36,459,250

Down $4,122,363 (-10%) from 2023

Revenue

Down

$20,853,235

Down $14,460,166 (-41%) from 2023

Expenses

Down

$27,269,206

Down $17,095,859 (-39%) from 2023

Net Income

Up

-$6,415,971

Up $2,635,693 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2011: $54,131,483Liabilities 2011: $20,327,950Net Assets 2011: $33,803,5332011Assets 2012: $54,623,793Liabilities 2012: $20,519,304Net Assets 2012: $34,104,4892012Assets 2013: $57,761,613Liabilities 2013: $22,180,383Net Assets 2013: $35,581,2302013Assets 2014: $72,543,381Liabilities 2014: $34,076,898Net Assets 2014: $38,466,4832014Assets 2015: $71,295,848Liabilities 2015: $35,931,138Net Assets 2015: $35,364,7102015Assets 2016: $70,145,909Liabilities 2016: $38,005,767Net Assets 2016: $32,140,1422016Assets 2017: $67,534,664Liabilities 2017: $37,107,176Net Assets 2017: $30,427,4882017Assets 2018: $68,229,564Liabilities 2018: $36,951,956Net Assets 2018: $31,277,6082018Assets 2019: $76,123,223Liabilities 2019: $38,494,292Net Assets 2019: $37,628,9312019Assets 2020: $78,508,060Liabilities 2020: $40,603,491Net Assets 2020: $37,904,5692020Assets 2021: $62,963,052Liabilities 2021: $31,660,114Net Assets 2021: $31,302,9382021Assets 2022: $78,990,002Liabilities 2022: $30,942,586Net Assets 2022: $48,047,4162022Assets 2023: $83,515,644Liabilities 2023: $42,934,031Net Assets 2023: $40,581,6132023Assets 2024: $81,877,848Liabilities 2024: $45,418,598Net Assets 2024: $36,459,2502024

Highlighted filing

2024

Assets$81,877,848
Liabilities$45,418,598
Net Assets$36,459,250

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $43,577,6612011Expenses 2012: $45,269,4222012Revenue 2013: $46,399,699Expenses 2013: $47,175,480Net Income 2013: -$775,7812013Revenue 2014: $43,813,647Expenses 2014: $42,985,226Net Income 2014: $828,4212014Revenue 2015: $34,103,320Expenses 2015: $37,499,799Net Income 2015: -$3,396,4792015Revenue 2016: $34,582,643Expenses 2016: $35,306,404Net Income 2016: -$723,7612016Revenue 2017: $31,850,466Expenses 2017: $33,513,258Net Income 2017: -$1,662,7922017Revenue 2018: $34,397,618Expenses 2018: $34,138,712Net Income 2018: $258,9062018Revenue 2019: $28,995,827Expenses 2019: $34,432,597Net Income 2019: -$5,436,7702019Revenue 2020: $34,557,160Expenses 2020: $32,277,689Net Income 2020: $2,279,4712020Revenue 2021: $34,029,748Expenses 2021: $39,148,801Net Income 2021: -$5,119,0532021Revenue 2022: $50,974,405Expenses 2022: $42,089,263Net Income 2022: $8,885,1422022Revenue 2023: $35,313,401Expenses 2023: $44,365,065Net Income 2023: -$9,051,6642023Revenue 2024: $20,853,235Expenses 2024: $27,269,206Net Income 2024: -$6,415,9712024

Highlighted filing

2024

Revenue$20,853,235
Expenses$27,269,206
Net Income-$6,415,971

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$81.9$45.4$36.5$20.9$27.3$6.42
2023Summary only. Only limited summary data is available for this year.$83.5$42.9$40.6$35.3$44.4$9.05
2022Summary only. Only limited summary data is available for this year.$79.0$30.9$48.0$51.0$42.1$8.89
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.0$31.7$31.3$34.0$39.1$5.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.5$40.6$37.9$34.6$32.3$2.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.1$38.5$37.6$29.0$34.4$5.44
2018Summary only. Only limited summary data is available for this year.$68.2$37.0$31.3$34.4$34.1$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.5$37.1$30.4$31.9$33.5$1.66
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.1$38.0$32.1$34.6$35.3$0.72
2015Detailed filing. Detailed filing data is available for this year.$71.3$35.9$35.4$34.1$37.5$3.40
2014Detailed filing. Detailed filing data is available for this year.$72.5$34.1$38.5$43.8$43.0$0.83
2013Summary only. Only limited summary data is available for this year.$57.8$22.2$35.6$46.4$47.2$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$20.5$34.1$45.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.1$20.3$33.8$43.6
Latest Detailed Filing

The latest 2024 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2023
Return Version
2020v4.1
Gross Receipts
$34,029,748
Mission and Program Overview

Mission

The University provides a healthy learning environment where students are prepared to excel academically, socially, and spiritually in order to be equipped for leadership roles in a complex, diverse, and dynamically changing world.

The mission of the university is to prepare students personally, socially, and intellectually to effectively function in a global and technological society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,251,128$35,217,615▲ $2,966,487
Investments in Publicly Traded Securities$13,875,428$12,925,349▼ $950,079
Investments Other Securities$14,040,766$10,941,325▼ $3,099,441
Accounts Receivable$7,357,154$0▼ $7,357,154
Prepaid Expenses and Deferred Charges$3,930,249$0▼ $3,930,249
Cash and Non-Interest-Bearing Accounts$2,495,514$2,373,509▼ $122,005
Other Notes and Loans Receivable, Net$1,010,825$302,632▼ $708,193
Pledges and Grants Receivable$291,139$0▼ $291,139
Inventories for Sale or Use$12,597$0▼ $12,597
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$78,508,060$62,963,052▼ $15,545,008
Other Assets Total$3,243,260$1,202,622▼ $2,040,638
Liabilities
Tax Exempt Bond Liabilities$19,309,331$0▼ $19,309,331
Mortgage Notes Payable Secured by Investment Property$11,713,855$16,144,654▲ $4,430,799
Accounts Payable and Accrued Expenses$9,213,501$9,298,219▲ $84,718
Other Liabilities$366,804$6,217,241▲ $5,850,437
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$40,603,491$31,660,114▼ $8,943,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,420,611$31,302,938▲ $2,882,327
Net Assets With Donor Restrictions$9,483,958$0▼ $9,483,958
Total Net Assets Fund Balance$37,904,569$31,302,938▼ $6,601,631
Total Liabilities and Net Assets / Fund Balance$78,508,060$62,963,052▼ $15,545,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,839,592$34,637,874$66,477,466
Equipment$3,189,013$16,984,918$20,173,931
Other Land Buildings$13,833$2,234,621$2,248,454
Land$175,177-$175,177
Other Securities$10,941,325--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$8,963,615-▲ $391,973-$8,963,615
2019$8,963,615---$8,963,615
2018$8,963,615---$8,963,615
2017$8,963,615-▲ $516,595-$8,963,615
2016$8,963,615-▲ $702,679-$8,963,615
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria LumpkinInterim PresidentFT$177,039$177,039
Edward PatrickVP of Business AdministrationFT$109,754$109,754
Debra Clark JonesVP Univ Advance/external Aff.FT$106,026$106,026

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Aladdin Food Management ServiceFood Services16567 Collections Center Drive, Chicago, IL 60693$1,805,362
Management Professionals IncMaintenance Services1411-D Diggs Drive, Raleigh, NC 27603$1,221,665
Hughes Company IncConstruction Contr.732 W Solomon Street, Griffin, GA 30223$635,926
EabConstruction Contr.PO Box 603519, Charlotte, NC 28260$125,586
CSC Service WorksLaundry & Air SvcsPO Box 718698, Philadelphia, PA 19171$109,460
Revenue and Support

Revenue Composition

Contributions and Grants
$10,747,574
Program Service Revenue
$22,726,039
Investment Income
$0
Other Revenue
$556,135
All Other Contributions
$807,491
Change in Net Assets
$-5,119,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,512,482
Salaries, Compensation, and Employee Benefits$14,168,480
Grants and Similar Amounts Paid$7,467,839
Total Fundraising Expense$182,295
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,388,231-$38,974$9,427,205
Grants to Domestic Individuals$7,467,839--$7,467,839
Other Employee Benefits$2,861,460-$7,329$2,868,789
Fees for Services Management$2,209,929$52,579$24,462$2,286,970
Depreciation Depletion$2,028,250--$2,028,250
Information Technology$1,895,176--$1,895,176
Occupancy$1,605,066--$1,605,066
Pension Plan Contributions$1,088,611--$1,088,611
Insurance-$841,809-$841,809
All Other Expenses$584,763--$584,763
Office Expenses$553,504--$553,504
Fees for Services Accounting-$532,404-$532,404
Current Officers, Directors, Trustees, and Key Employees$286,793-$106,026$392,819
Payroll Taxes$385,552-$5,504$391,056
Other Expenses$310,473--$310,473
Fees for Services Legal-$252,645-$252,645
Interest$114,818--$114,818
Travel$39,275--$39,275
Advertising$2,325--$2,325
Total Functional Expenses$37,287,069$1,679,437$182,295$39,148,801
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Defined Benefit Plan Obligation$6,059,684
Capital Lease Obligation$157,557
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The university presents the form 990 to its finance/audit committee for review when the form is ready. Depending on when the committee meets and the due date of the return, the form 990 is either modified before it is filed or an amendment is filed for any changes required by the finance/audit committee review.

FORM 990, PART VI, SECTION B, LINE 12C:

Trustees are required to disclose at the next convening board of trustees meeting any conflicts of interest. Trustees with a conflict of interest with a matter for vote must abstain from voting. The university's audit committee is responsible for ensuring adherence to the policy.

FORM 990, PART VI, SECTION B, LINE 15A:

The board of trustees, based on predetermined areas of performance, evaluates the work of the president annually. The boards evaluation and compensation committee evaluates the performance. When additional compensation is deemed appropriate, a review of the salaries of presidents at peer institutions is conducted to assist in arriving at a recommendation to the executive committee for approval.

FORM 990, PART VI, SECTION B, LINE 15B:

Compensation for top officers of the university are at the discretion of the president. This discretion is based on 1 previous salary history, 2 market data from cupa survey published by the chronicle of higher education, and 3 the bargaining process.

FORM 990, PART VI, SECTION C, LINE 19:

The university makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. To obtain copies, contact the business office and submit a request identifying the specific documents.

Filing and Contact Details

Filer

Filer Name
Saint Augustine's University
EIN
56-0547478
In Care Of
% GWENDOLYN KEA
Phone
9195164127
Address
1315 Oakwood Avenue, Raleigh, NC 27610

Signing Officer

Name
Gwendolyn Kea
Title
VP Finance & Admin
Phone
9195164127
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gwendolyn Kea
Formed
1905
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
17
Employees
343
Volunteers
0

Preparer

Firm
Bdo USA
Address
421 Fayetteville Street Suite 300, Raleigh, NC 27601
Preparer
Sandra L Feinsmith
Phone
9192781936
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Gain on extinguishment of debt. $21,740,026.

Form 990, Part XII, Line 3B:

The University has contracted a Public Accounting firm to audit the University's financial statements, as well as prepare the Single Audit. The single audit is currently in progress along with the financial statement audit.

Raw XML AppendixShowing 400 of 688 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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