Civic Intelligence

Saint Augustine'S University

990 • Fiscal year 2017 • EIN 56-0547478

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

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

78th percentile

0.55x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

1.17x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Net Margin

20th percentile

-5.2%

Higher net margin than 20% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$145,145

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

14th percentile

-3.7%

Faster asset growth than 14% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-7.9%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$67,534,664

Down $2,611,245 (-3.7%) from 2016

Net Assets

Down

$30,427,488

Down $1,712,654 (-5.3%) from 2016

Liabilities

Down

$37,107,176

Down $898,591 (-2.4%) from 2016

Revenue

Down

$31,850,466

Down $2,732,177 (-7.9%) from 2016

Expenses

Down

$33,513,258

Down $1,793,146 (-5.1%) from 2016

Net Income

Down

-$1,662,792

Down $939,031 (-130%) from 2016

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

2017

Assets$67,534,664
Liabilities$37,107,176
Net Assets$30,427,488

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

2017

Revenue$31,850,466
Expenses$33,513,258
Net Income-$1,662,792
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$34,084,174
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$37,137,167$34,391,802▼ $2,745,365
Investments in Publicly Traded Securities$15,027,864$15,591,479▲ $563,615
Cash and Non-Interest-Bearing Accounts$3,072,289$3,656,595▲ $584,306
Accounts Receivable$4,225,490$3,206,839▼ $1,018,651
Prepaid Expenses and Deferred Charges$3,555,220$3,203,995▼ $351,225
Investments Other Securities$2,129,704$2,254,619▲ $124,915
Other Notes and Loans Receivable, Net$927,230$1,399,894▲ $472,664
Pledges and Grants Receivable$965,112$850,360▼ $114,752
Savings and Temporary Cash Investments$126,142$140,291▲ $14,149
Inventories for Sale or Use$53,124$47,085▼ $6,039
Total Assets$69,755,286$67,534,664▼ $2,220,622
Other Assets Total$2,535,944$2,791,705▲ $255,761
Liabilities
Tax Exempt Bond Liabilities$20,902,274$20,045,519▼ $856,755
Mortgage Notes Payable Secured by Investment Property$12,090,159$11,782,612▼ $307,547
Accounts Payable and Accrued Expenses$4,246,477$4,524,212▲ $277,735
Other Liabilities$376,234$754,833▲ $378,599
Total Liabilities$37,615,144$37,107,176▼ $507,968
Net Assets / Fund Balance
Unrestricted Net Assets$22,513,515$21,017,327▼ $1,496,188
Permanently Rstr Net Assets$8,963,615$8,963,615→ $0
Temporarily Rstr Net Assets$663,012$446,546▼ $216,466
Total Net Assets Fund Balance$32,140,142$30,427,488▼ $1,712,654
Total Liabilities and Net Assets / Fund Balance$69,755,286$67,534,664▼ $2,220,622

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,485,246$29,497,461$45,187,707
Equipment$6,066,126$15,888,932$21,955,058
Other Land Buildings$12,404,923$2,170,441$14,575,364
Land$3,435,507-$3,435,507

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$8,963,615-▲ $702,679-$8,963,615
2015$8,963,615-▲ $749,000-$8,963,615
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Everett B WardPresidentFT$137,645$7,500$145,145
Ms Yvonne Coston UmphreyProvost/Vice President for Academic AffairsFT$114,231-$114,231
Mr Walter DavenportChief Financial Officer/Vice President of Business and FinanceFT$108,462-$108,462
Mr Steven E HairstonVice President for Institutional AdvancementFT$98,943-$98,943
Ms Sharon ChavisChief of Staff/Vice President for AdministrationFT$68,180-$68,180
Dr Gaddis FaulconVice President for Enrollment Management and Student ServicesFT$59,358-$59,358

Highest Paid Contractors

ContractorServicesLocationCompensation
Alladin Food Services LLCFood Service16567 Collections Drive, Chicago, IL 60693$2,334,589
Capital Cleaning IncCleaning Service9220 Fairbanks Drive, Raleigh, NC 27613$459,091
The Francis Law FirmLegal Services215 East North Street, Raleigh, NC 27601$250,317
Birchie S WarrenSecurity Services5300 Pinehall Wynd, Raleigh, NC 27604$135,600
OTIS ElevatorElectricial Contractor6010-D Triangle Drive, Raleigh, NC 27617$129,024
Revenue and Support

Revenue Composition

Contributions and Grants
$6,609,936
Program Service Revenue
$23,581,782
Investment Income
$942,640
Other Revenue
$716,108
All Other Contributions
$2,492,327
Change in Net Assets
$-1,662,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$31,850,466
Revenue Not Reported on Form 990
$-49,862
Total Revenue per Audited Statements
$31,800,604
Total Revenue per Form 990
$31,850,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,198,519
Grants and Similar Amounts Paid$3,720,420
Total Fundraising Expense$694,631
Salaries, Compensation, and Employee Benefits$594,319
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,416,630$7,203,885$694,631$4,416,630
Grants to Domestic Individuals$3,720,420--$3,720,420
All Other Expenses$1,637,279$368-$1,637,647
Current Officers, Directors, Trustees, and Key Employees-$594,319-$594,319
Total Functional Expenses$24,784,176$8,034,451$694,631$33,513,258

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,513,258
Total Expenses per Audited Statements$33,513,258
Total Expenses per Form 990$33,513,258
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$754,833
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 admendment 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 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 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
Phone
9195164127
Address
1315 Oakwood Avenue, Raleigh, NC 27610

Signing Officer

Name
Edward Patrick
Title
Interim Chief Financial Officer
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Patrick
Formed
1905
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
19
Employees
375
Volunteers
38

Preparer

Firm
Murphy and Company PC
Address
1475 Klondike Road Suite 100, Conyers, GA 30094
Preparer
Dane Alexander
Phone
4048740555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

The University presents its changes in nets assets or fund balances separate from revenue and expenses. The balance is representative of gains and losses on investments during the fiscal year.

Form 990, Part XI, Line 9

The University presents its gains or losses on pension funds separate from revenues and expenditures. The balance is representative of a loss on pension funds during the fiscal year, -504,236.

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 is no such position as of June 30, 2017, and accordingly, no liability has been accrued. The University is not presently under examination by any taxing authority.

XI 2D

The University presents its gains losses on pensions funds separate from revenues and expenditures. The balance is representative of losses on pension funds during the fiscal year, 504,236.

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IRS990/Form990PartVIISectionAGrp/PersonNm0The Right Reverend Michael B Curry
IRS990/Form990PartVIISectionAGrp/PersonNm1Ms Chacona Winters Baugh
IRS990/Form990PartVIISectionAGrp/PersonNm2Mr Rodney E Gaddy JD
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr Henry Delve Debnam
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Cornelius Neal Green
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Jack S Lightbody CPM
IRS990/Form990PartVIISectionAGrp/PersonNm6Ms Pattye Brown
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr Joseph Chesire V Esq
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Charles T Francis Esq
IRS990/Form990PartVIISectionAGrp/PersonNm9The Honorable James E C Perry
IRS990/Form990PartVIISectionAGrp/PersonNm10The Right Reverend Anne E Hodges-Co
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Eric L Mansfield MD MPH
IRS990/Form990PartVIISectionAGrp/PersonNm12Ms Joyce E Jarrett MBA
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Rudolph Morton
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr Rodrick T Miller
IRS990/Form990PartVIISectionAGrp/PersonNm15Reverend Hilton O Smith
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr David B Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm17Mr Kendrick D Cunningham
IRS990/Form990PartVIISectionAGrp/PersonNm18Bishop Diocesan Samuel Rodman
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr R Lewis Sheats
IRS990/Form990PartVIISectionAGrp/PersonNm20The Reverend Canon Dr Sandye A Wils
IRS990/Form990PartVIISectionAGrp/PersonNm21Dr Gaddis Faulcon
IRS990/Form990PartVIISectionAGrp/PersonNm22Mr Everett B Ward
IRS990/Form990PartVIISectionAGrp/PersonNm23Ms Yvonne Coston Umphrey
IRS990/Form990PartVIISectionAGrp/PersonNm24Ms Sharon Chavis
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Steven E Hairston
IRS990/Form990PartVIISectionAGrp/PersonNm26Mr Walter Davenport
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice President for Enrollment Management and Student Services
IRS990/Form990PartVIISectionAGrp/TitleTxt22President
IRS990/Form990PartVIISectionAGrp/TitleTxt23Provost/Vice President for Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chief of Staff/Vice President for Administration
IRS990/Form990PartVIISectionAGrp/TitleTxt25Vice President for Institutional Advancement
IRS990/Form990PartVIISectionAGrp/TitleTxt26Chief Financial Officer/Vice President of Business and Finance
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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
2017Detailed filing. Detailed filing data is available for this year.$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