Civic Intelligence

Saint Augustine'S University

990 • Fiscal year 2014 • EIN 56-0547478

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 06, 2015

1315 Oakwood Avenue27610

(919) 516-4127

Siviq Scores

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

Liabilities / Assets

74th percentile

0.47x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.78x

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

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Net Margin

34th percentile

1.9%

Higher net margin than 34% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$277,900

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

93rd percentile

26%

Faster asset growth than 93% of similar nonprofits.

2014 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

21st percentile

-5.6%

Faster revenue growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$72,543,381

Up $14,781,768 (+26%) from 2013

Net Assets

Up

$38,466,483

Up $2,885,253 (+8.1%) from 2013

Liabilities

Up

$34,076,898

Up $11,896,515 (+54%) from 2013

Revenue

Down

$43,813,647

Down $2,586,052 (-5.6%) from 2013

Expenses

Down

$42,985,226

Down $4,190,254 (-8.9%) from 2013

Net Income

Up

$828,421

Up $1,604,202 (+207%) from 2013

Historical Trend

Balance Sheet Trend

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

$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

2014

Assets$72,543,381
Liabilities$34,076,898
Net Assets$38,466,483

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$43,813,647
Expenses$42,985,226
Net Income$828,421
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 6, 2015
Return Version
2013v4.0
Gross Receipts
$43,813,647
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$28,279,114$38,335,577▲ $10,056,463
Investments in Publicly Traded Securities$14,839,405$15,037,584▲ $198,179
Prepaid Expenses and Deferred Charges$2,001,486$3,651,748▲ $1,650,262
Accounts Receivable$3,065,753$3,589,135▲ $523,382
Cash and Non-Interest-Bearing Accounts$2,850,480$3,174,322▲ $323,842
Investments Other Securities$1,337,664$2,229,300▲ $891,636
Inventories for Sale or Use$1,542,730$1,346,108▼ $196,622
Savings and Temporary Cash Investments$677,618$1,308,752▲ $631,134
Other Notes and Loans Receivable, Net$883,693$1,115,632▲ $231,939
Pledges and Grants Receivable$1,043,776$884,634▼ $159,142
Total Assets$57,761,613$72,543,381▲ $14,781,768
Other Assets Total$1,239,894$1,870,589▲ $630,695
Liabilities
Tax Exempt Bond Liabilities$9,109,081$22,984,381▲ $13,875,300
Mortgage Notes Payable Secured by Investment Property$7,172,869$7,487,572▲ $314,703
Accounts Payable and Accrued Expenses$4,968,716$2,850,355▼ $2,118,361
Other Liabilities$929,717$754,590▼ $175,127
Total Liabilities$22,180,383$34,076,898▲ $11,896,515
Net Assets / Fund Balance
Unrestricted Net Assets$25,760,427$28,748,191▲ $2,987,764
Permanently Rstr Net Assets$8,963,615$8,963,615→ $0
Temporarily Rstr Net Assets$857,188$754,677▼ $102,511
Total Net Assets Fund Balance$35,581,230$38,466,483▲ $2,885,253
Total Liabilities and Net Assets / Fund Balance$57,761,613$72,543,381▲ $14,781,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,715,677$28,572,824$47,288,501
Equipment$16,192,571$17,009,977$33,202,548
Land$3,427,329-$3,427,329

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$8,963,615-▲ $1,228,452-$8,963,615
2012$8,963,615-▲ $983,487-$8,963,615
2011$8,963,615-▲ $1,084,179-$8,963,615
2010$8,963,615-▲ $418,858-$8,963,615
2009$8,963,615-▲ $524,106-$8,963,615
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Dianne B SuberPresident FormerFT$230,000$47,900$277,900
Dr B Connie AllenVice President for Academic AffairsFT$119,600-$119,600
Dr Ronald H BrownVice President for Student AffairsFT$112,202-$112,202
Ms Angela HaynesVice President for Business and Financial OperationsFT$105,000-$105,000
Dr Roland BullardVice President of Student DevelopmentFT$90,900-$90,900
Ms Gloria T RowlandExecutive Assistant to the PresidentFT$81,454-$81,454
Mrs Doris J BullockVice President for External Relations FormerFT$78,277-$78,277
Mr Marc Allen NewmanVice President of Development FormerFT$76,576-$76,576
Mr Leon ScottExecutive Vice President FormerFT$49,324-$49,324
Ms Sonia E GassChief Development OfficerFT$44,019-$44,019
Ms Everette B WardPresidentFT$31,250-$31,250

Highest Paid Contractors

ContractorServicesLocationCompensation
ABL ManagementFood Service-$2,325,795
JM Thompson IncConstruction Contractor-$601,625
North Carolina Service CompanyHousekeeping-$425,039
United Builders Group LLCConstruction Contractor-$194,145
Dant Clayton CorporationConstruction Contractor-$146,595
Revenue and Support

Revenue Composition

Contributions and Grants
$10,846,280
Program Service Revenue
$30,573,125
Investment Income
$1,228,452
Other Revenue
$1,165,790
All Other Contributions
$4,820,160
Change in Net Assets
$828,421

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$16,545Fair Market Value (FMV)
Total Noncash Contributions4$16,545-

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,813,647
Revenue Not Reported on Form 990
$2,056,832
Total Revenue per Audited Statements
$45,870,479
Total Revenue per Form 990
$43,813,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,563,068
Grants and Similar Amounts Paid$9,355,656
Salaries, Compensation, and Employee Benefits$1,066,502
Total Fundraising Expense$1,056,806
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,355,656--$9,355,656
Other Expenses$4,660,076$5,749,561$1,056,806$4,660,076
All Other Expenses$1,810,928$397-$1,811,325
Current Officers, Directors, Trustees, and Key Employees-$1,066,502-$1,066,502
Total Functional Expenses$34,754,865$7,173,555$1,056,806$42,985,226

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,985,226
Total Expenses per Audited Statements$42,985,226
Total Expenses per Form 990$42,985,226
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$754,590
Capital Lease Obligations-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 11

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 covening Board of Trustees meeting an conflicts of interest. Board members with a conflict of interest with a matter for vote must abstain from voting. The Universitys 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 evaluate the work of the President annually. The Boards Evaluation and Compensation Committee evaluates the performance. When additional compensation is deemed appropriate, a review of 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 the discretion of the President. This discretion is based on 1 previous salary history 2 market data from the 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 it 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

EIN
56-0547478
Phone
9195164127

Signing Officer

Name
Angela Haynes
Title
Vice President of Business and Fina
Phone
9195164127
Signed
2015-01-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Haynes
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
18
Employees
512
Volunteers
51

Preparer

Preparer
Dane Alexander
Phone
4048740555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

The University presents its changes in net assets or fund balances separate from revenues and expenses. The balance is representative of gains or losses on investments during the fiscal year. 1,228,913

Form 990, Part XI, Line 9

The University presents its gains on pension funds separate from revenues and expenditures. The balance is representative of gains or losses on pension funds during the fiscal year. 1,739,070

Form 990, Part XI, Line 9

The University presents its losses on bond redemption separate from revenues and expenditures. The balance is representative of gains or losses on pension funds during the fiscal year. 911,151

Financial Statement Notes

V 4

The endowment funds shown are considered permanently restricted. The University does not intend to use the funds.

X 2

The Universitys policy is to record a liability for any tax position taken that is beneficial to the University, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2014, accordingly, no liability has been accrued. The University is not presently under examination by a taxing authority.

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IRS990/Form990PartVIISectionAGrp/PersonNm0The Right Reverend Michael B Curry
IRS990/Form990PartVIISectionAGrp/PersonNm1The Honorable Thomas W Bradshaw Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Chartette Fairchild
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr Rodney E Gaddy
IRS990/Form990PartVIISectionAGrp/PersonNm4Ms Marybeth Gasman Ph D
IRS990/Form990PartVIISectionAGrp/PersonNm5The Reverend Joseph N Green
IRS990/Form990PartVIISectionAGrp/PersonNm6Mr Cornelius Neal Green
IRS990/Form990PartVIISectionAGrp/PersonNm7Mrs Wren Mosee Lester
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Jack S Lightbody CPM
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Allen Mask MD
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr A Melvin Miller
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Justin F Miller
IRS990/Form990PartVIISectionAGrp/PersonNm12Reverend Dr William T Newkirk Sr
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Harvey A Schmitt
IRS990/Form990PartVIISectionAGrp/PersonNm14Mrs Soberina F Traywick
IRS990/Form990PartVIISectionAGrp/PersonNm15Mrs Janet Peace Wheeler
IRS990/Form990PartVIISectionAGrp/PersonNm16Major General Cornell A Wilson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm17Dr Dorothy Cowser Yancy
IRS990/Form990PartVIISectionAGrp/PersonNm18Dr Dianne B Suber
IRS990/Form990PartVIISectionAGrp/PersonNm19Dr B Connie Allen
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr Ronald H Brown
IRS990/Form990PartVIISectionAGrp/PersonNm21Dr Roland Bullard
IRS990/Form990PartVIISectionAGrp/PersonNm22Mrs Doris J Bullock
IRS990/Form990PartVIISectionAGrp/PersonNm23Ms Angela Haynes
IRS990/Form990PartVIISectionAGrp/PersonNm24Mr Michael Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Marc Allen Newman
IRS990/Form990PartVIISectionAGrp/PersonNm26Ms Gloria T Rowland
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Leon Scott
IRS990/Form990PartVIISectionAGrp/PersonNm28Ms Sonia E Gass
IRS990/Form990PartVIISectionAGrp/PersonNm29Ms Everette B Ward
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18President Former
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President for Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President for Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President of Student Development
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President for External Relations Former
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President for Business and Financial Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt24Assistant Professor
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President of Development Former
IRS990/Form990PartVIISectionAGrp/TitleTxt26Executive Assistant to the President
IRS990/Form990PartVIISectionAGrp/TitleTxt27Executive Vice President Former
IRS990/Form990PartVIISectionAGrp/TitleTxt28Chief Development Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt29President
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IRS990/MissionDesc0The 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.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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