Civic Intelligence

Saint Augustine'S University

990 • Fiscal year 2015 • EIN 56-0547478

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 23, 2016

1315 Oakwood AvenueRaleigh, NC 27610

(919) 516-4127

Siviq Scores

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

Liabilities / Assets

79th percentile

0.50x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

1.05x

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

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Net Margin

13th percentile

-10.0%

Higher net margin than 13% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$150,938

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2015 filings • NTEE B • $50M-$100M nonprofits • Source year 2015

Asset Growth

27th percentile

-1.7%

Faster asset growth than 27% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$71,295,848

Down $1,247,533 (-1.7%) from 2014

Net Assets

Down

$35,364,710

Down $3,101,773 (-8.1%) from 2014

Liabilities

Up

$35,931,138

Up $1,854,240 (+5.4%) from 2014

Revenue

Down

$34,103,320

Down $9,710,327 (-22%) from 2014

Expenses

Down

$37,499,799

Down $5,485,427 (-13%) from 2014

Net Income

Down

-$3,396,479

Down $4,224,900 (-510%) from 2014

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

2015

Assets$71,295,848
Liabilities$35,931,138
Net Assets$35,364,710

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

2015

Revenue$34,103,320
Expenses$37,499,799
Net Income-$3,396,479
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 23, 2016
Return Version
2014v6.0
Gross Receipts
$34,103,320
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$38,335,577$37,721,394▼ $614,183
Investments in Publicly Traded Securities$15,037,584$12,720,777▼ $2,316,807
Prepaid Expenses and Deferred Charges$3,651,748$4,304,022▲ $652,274
Accounts Receivable$3,589,135$3,674,601▲ $85,466
Cash and Non-Interest-Bearing Accounts$3,174,322$3,331,129▲ $156,807
Savings and Temporary Cash Investments$1,308,752$3,094,965▲ $1,786,213
Investments Other Securities$2,229,300$2,206,046▼ $23,254
Other Notes and Loans Receivable, Net$1,115,632$808,747▼ $306,885
Pledges and Grants Receivable$884,634$768,276▼ $116,358
Inventories for Sale or Use$1,346,108$509,286▼ $836,822
Total Assets$72,543,381$71,295,848▼ $1,247,533
Other Assets Total$1,870,589$2,156,605▲ $286,016
Liabilities
Tax Exempt Bond Liabilities$22,984,381$22,149,167▼ $835,214
Mortgage Notes Payable Secured by Investment Property$7,487,572$10,370,109▲ $2,882,537
Accounts Payable and Accrued Expenses$2,850,355$2,839,685▼ $10,670
Other Liabilities$754,590$572,177▼ $182,413
Total Liabilities$34,076,898$35,931,138▲ $1,854,240
Net Assets / Fund Balance
Unrestricted Net Assets$28,748,191$25,742,967▼ $3,005,224
Permanently Rstr Net Assets$8,963,615$8,963,615→ $0
Temporarily Rstr Net Assets$754,677$658,128▼ $96,549
Total Net Assets Fund Balance$38,466,483$35,364,710▼ $3,101,773
Total Liabilities and Net Assets / Fund Balance$72,543,381$71,295,848▼ $1,247,533

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,673,449$30,000,111$47,673,560
Equipment$16,620,616$17,859,669$34,480,285
Land$3,427,329-$3,427,329

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$8,963,615-▲ $712,709-$8,963,615
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Everett B WardPresidentFT$145,313$5,625$150,938
Mr Mark A MeltonChair/FacultyFT$111,890-$111,890
Mr Ronald H BrownVice President for Strategic InitiativesFT$106,227-$106,227
Ms Yvonne D CostonVice President of Academic AffairsFT$105,570-$105,570
Ms Angela HaynesVice President for Business and FinanceFT$102,813-$102,813
Ms Bertha AllenVice President Academic AffairsFT$92,750-$92,750
Ms Roland BullardVice President of Student AffairsFT$88,508-$88,508
Dr Dianne B SuberPresident FormerFT$83,364$5,625$83,364
Ms Shelly A Willingham-HintonVice President Marketing CommunicationsFT$82,688-$82,688
Mr Steven E HairstonVice President for Institutional Advancement and DevelopmentFT$70,514-$70,514
Ms Gloria T RowlandExecutive Assistant to the PresidentFT$69,790-$69,790
Ms Sonia E GassChief Development OfficerFT$21,625-$21,625

Highest Paid Contractors

ContractorServicesLocationCompensation
ABL Management IncFood ServicePO Box 613128, Memphis, TN 38101$1,549,790
JM Thompson IncConstruction ContractorPO Box 33066, Raleigh, NC 27636$812,041
Focus Design GroupConsulting Services3129 Heritage Trade Drive, Wake Forest, NC 27587$447,215
North Carolina Service CompanyHousekeepingPO Box 27541, Raleigh, NC 27611$425,739
Hodge Contracting IncConstruction Contractor1804 Cynthia Place, Raleigh, NC 27610$111,338
Revenue and Support

Revenue Composition

Contributions and Grants
$9,106,864
Program Service Revenue
$24,132,713
Investment Income
$712,709
Other Revenue
$151,034
All Other Contributions
$3,912,178
Change in Net Assets
$-3,396,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,103,320
Revenue Not Reported on Form 990
$294,706
Total Revenue per Audited Statements
$34,398,026
Total Revenue per Form 990
$34,103,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,879,346
Grants and Similar Amounts Paid$7,533,776
Salaries, Compensation, and Employee Benefits$1,086,677
Total Fundraising Expense$894,511
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$7,533,776--$7,533,776
Other Expenses$3,334,403$5,961,049$894,511$3,334,403
All Other Expenses$1,659,919$85,557-$1,745,476
Current Officers, Directors, Trustees, and Key Employees-$1,086,677-$1,086,677
Total Functional Expenses$29,179,169$7,426,119$894,511$37,499,799

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$37,499,799
Total Expenses per Audited Statements$37,499,799
Total Expenses per Form 990$37,499,799
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$572,177
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 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 covening Board of Trustees meeting any 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 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 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 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

Filer Name
Saint Augustine's University
EIN
56-0547478
Phone
9195164127
Address
1315 Oakwood Avenue, Raleigh, NC 27610
Doing Business As
Saint Augustine's University

Signing Officer

Name
Willie T Closs
Title
Controller
Signed
2016-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Willie T Closs
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
16
Employees
466
Volunteers
47

Preparer

Firm
Murphy & Company PC
Address
1475 Klondike Rd Suite 100, Conyers, GA 30094
Preparer
Dane T Alexander CPA
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. -489,057

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. 783,763

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, 2015, accordingly, no liability has been accrued. The University is not presently under examination by a taxing authority.

XI 2D

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 year. 783,763

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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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IRS990/Form990PartVIISectionAGrp/PersonNm0The Right Reverend Michael B Curry
IRS990/Form990PartVIISectionAGrp/PersonNm1The Honorable Thomas W Bradshaw Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Mr Rodney E Gaddy
IRS990/Form990PartVIISectionAGrp/PersonNm3The Reverend Joseph N Green
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Cornelius Neal Green
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Jack S Lightbody CPM
IRS990/Form990PartVIISectionAGrp/PersonNm6Mr Allen Mask MD
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr A Melvin Miller
IRS990/Form990PartVIISectionAGrp/PersonNm8Reverend Dr William T Newkirk Sr
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Harvey A Schmitt
IRS990/Form990PartVIISectionAGrp/PersonNm10Mrs Janet Peace Wheeler
IRS990/Form990PartVIISectionAGrp/PersonNm11Major General Cornell A Wilson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr Dianne B Suber
IRS990/Form990PartVIISectionAGrp/PersonNm13Ms Joyce E Jarrett
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Rudolph Morton
IRS990/Form990PartVIISectionAGrp/PersonNm15Mr Rodrick I Miller
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Hilton O Smith
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Ronald H Brown
IRS990/Form990PartVIISectionAGrp/PersonNm18Ms Roland Bullard
IRS990/Form990PartVIISectionAGrp/PersonNm19Ms Angela Haynes
IRS990/Form990PartVIISectionAGrp/PersonNm20Ms Gloria T Rowland
IRS990/Form990PartVIISectionAGrp/PersonNm21Ms Sonia E Gass
IRS990/Form990PartVIISectionAGrp/PersonNm22Mr Everett B Ward
IRS990/Form990PartVIISectionAGrp/PersonNm23Mr Mark A Melton
IRS990/Form990PartVIISectionAGrp/PersonNm24Ms Yvonne D Coston
IRS990/Form990PartVIISectionAGrp/PersonNm25Ms Bertha Allen
IRS990/Form990PartVIISectionAGrp/PersonNm26Ms Shelly A Willingham-Hinton
IRS990/Form990PartVIISectionAGrp/PersonNm27Mr Steven E Hairston
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt12President Former
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice President for Strategic Initiatives
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President of Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President for Business and Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Assistant to the President
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chief Development Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt22President
IRS990/Form990PartVIISectionAGrp/TitleTxt23Chair/Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President of Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt26Vice President Marketing Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt27Vice President for Institutional Advancement and Development
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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
Peer Organizations

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