Civic Intelligence

Saint Augustines Univ Community Development Corp

990 • Fiscal year 2021 • EIN 56-2049991

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

Organization Profilewww.st-aug.edu
311 North Tarboro StreetRaleigh, NC 27610

(919) 516-4410

Siviq Scores

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

Liabilities / Assets

77th percentile

0.47x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.85x

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

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$27,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2021 filings • NTEE S • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

329%

Faster asset growth than 99% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

71%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,599,964

Up $1,226,582 (+329%) from 2020

Net Assets

Up

$852,464

Up $829,460 (+3606%) from 2020

Liabilities

Up

$747,500

Up $397,122 (+113%) from 2020

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin97th percentile

Revenue

Up

$878,699

Up $363,748 (+71%) from 2020

Expenses

Down

$102,026

Down $399,473 (-80%) from 2020

Net Income

Up

$776,673

Up $763,221 (+5674%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $546,781Liabilities 2011: $420,700Net Assets 2011: $126,0812011Assets 2014: $436,430Liabilities 2014: $654,681Net Assets 2014: -$218,2512014Assets 2015: $431,489Liabilities 2015: $377,980Net Assets 2015: $53,5092015Assets 2016: $471,820Liabilities 2016: $415,999Net Assets 2016: $55,8212016Assets 2017: $428,080Liabilities 2017: $333,836Net Assets 2017: $94,2442017Assets 2018: $625,416Liabilities 2018: $611,021Net Assets 2018: $14,3952018Assets 2019: $627,020Liabilities 2019: $617,468Net Assets 2019: $9,5522019Assets 2020: $373,382Liabilities 2020: $350,378Net Assets 2020: $23,0042020Assets 2021: $1,599,964Liabilities 2021: $747,500Net Assets 2021: $852,4642021Assets 2022: $469,246Liabilities 2022: $439,805Net Assets 2022: $29,4412022Assets 2023: $1,210,726Liabilities 2023: $1,186,996Net Assets 2023: $23,7302023Assets 2024: $1,156,550Liabilities 2024: $1,186,996Net Assets 2024: -$30,4462024

Highlighted filing

2021

Assets$1,599,964
Liabilities$747,500
Net Assets$852,464
Open 2021 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $561,1072011Revenue 2014: $142,773Expenses 2014: $95,828Net Income 2014: $46,9452014Revenue 2015: $312,278Expenses 2015: $39,919Net Income 2015: $272,3592015Revenue 2016: $267,388Expenses 2016: $308,909Net Income 2016: -$41,5212016Revenue 2017: $792,950Expenses 2017: $752,014Net Income 2017: $40,9362017Revenue 2018: $234,583Expenses 2018: $314,432Net Income 2018: -$79,8492018Revenue 2019: $1,212,108Expenses 2019: $1,216,951Net Income 2019: -$4,8432019Revenue 2020: $514,951Expenses 2020: $501,499Net Income 2020: $13,4522020Revenue 2021: $878,699Expenses 2021: $102,026Net Income 2021: $776,6732021Revenue 2022: $523,865Expenses 2022: $557,579Net Income 2022: -$33,7142022Revenue 2023: $48,147Expenses 2023: $53,858Net Income 2023: -$5,7112023Revenue 2024: $21,505Expenses 2024: $52,332Net Income 2024: -$30,8272024

Highlighted filing

2021

Revenue$878,699
Expenses$102,026
Net Income$776,673
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$1,029,741
Mission and Program Overview

Mission

Combatting community deterioration; encourage area redevelopment and renewal; to encourage community development through purchasing, refurbishing, remodeling, rebuilding and otherwise redeveloping various roperties which have fallen into disrepair or neglect within communities.

Combatting community deterioration; encourage area redevelopment and renewal; to encourage community development through purchasing, refurbishing, remodeling, rebuilding and otherwise redeveloping various properties which have fallen into disrepair or neglect within communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$68,510$1,246,795▲ $1,178,285
Cash and Non-Interest-Bearing Accounts$52,965$215,104▲ $162,139
Land, Buildings, and Equipment, Net$251,046$137,205▼ $113,841
Prepaid Expenses and Deferred Charges$860$860→ $0
Total Assets$373,382$1,599,964▲ $1,226,582
Other Assets Total$1--
Liabilities
Accounts Payable and Accrued Expenses$799$423,250▲ $422,451
Other Liabilities$349,579$324,250▼ $25,329
Total Liabilities$350,378$747,500▲ $397,122
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,004$852,464▲ $829,460
Total Net Assets Fund Balance$23,004$852,464▲ $829,460
Total Liabilities and Net Assets / Fund Balance$373,382$1,599,964▲ $1,226,582

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$290,534-
Land$137,205--
Equipment$0$6,998-
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleBaseTotal
Pattye L BrownChair$27,000$27,000

Board Members and Trustees

NameTitle
Otis Tyrone LindseyVice Chair
Antione MarshallDirector
Brenda WashingtonDirector
Chandra M GrantDirector
Chico ScottDirector
Debra SmithDirector
Dennis DavisDirector
Eric EdwardsDirector
James H RevisDirector
LT McCrimmonDirector
Mareyah WashingtonDirector
Ms Evelyn SullivanDirector
Yumeika ThompsonDirector
Steven LyonsAssistant Secretary
Carole Jackson-IngramSecretary
Craig ReedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$788,184
Investment Income
$71,608
Other Revenue
$18,907
Change in Net Assets
$776,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,026
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$317$26,707-$27,024
Fees for Services Accounting-$13,741-$13,741
Depreciation Depletion$9,901$1,921-$11,822
Insurance$7,645--$7,645
Office Expenses$2,505$1,601-$4,106
Other Expenses$817--$817
All Other Expenses$328--$328
Total Functional Expenses$58,056$43,970$0$102,026
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
Other Current Liabilities:Payable Due To College$318,802
Other Current Liabilities:Rental Deposits$3,947
Other Current Liabilities:Escrow Liability$1,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Section B, line 11B

“The Form 990 is sent to each member for review and it is discussed at a meeting of the Board of Directors.”

Form 990, Part VI, Line 12C

“Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.”

Form 990, Part VI, Section B, line 12C

“Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.”

Form 990, Part VI, Section B, line 15A

“This is done in conjunction with the SAU Salary survey.”

Form 990, Part VI, Section C, line 19

“No other documents available to the public”

Filing and Contact Details

Filer

Filer Name
Saint Augustine's University Community
EIN
56-2049991
Phone
9195164410
Address
311 North Tarboro Street, Raleigh, NC 27610

Signing Officer

Name
Pattye L Brown
Title
Chair
Phone
9199776015
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pattye L Brown
Formed
1997
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
THOMAS & GIBBS CPA'S PLLC
Address
6114 FAYETTEVILLE RD, DURHAM, NC 27713
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Difference between Rollforward and book balance 52,787.”

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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/OfficeExpensesGrp/ProgramServicesAmt02505
IRS990/OfficeExpensesGrp/TotalAmt04106
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherChangesInNetAssetsAmt052787
IRS990/OtherExpensesGrp/Desc0Development expenses
IRS990/OtherExpensesGrp/Desc1Maintenance & Repair
IRS990/OtherExpensesGrp/Desc2Property Taxes
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ProgramServicesAmt016715
IRS990/OtherExpensesGrp/ProgramServicesAmt115762
IRS990/OtherExpensesGrp/ProgramServicesAmt24066
IRS990/OtherExpensesGrp/ProgramServicesAmt3817
IRS990/OtherExpensesGrp/TotalAmt016715
IRS990/OtherExpensesGrp/TotalAmt115762
IRS990/OtherExpensesGrp/TotalAmt24066
IRS990/OtherExpensesGrp/TotalAmt3817
IRS990/OtherLiabilitiesGrp/BOYAmt0349579
IRS990/OtherLiabilitiesGrp/EOYAmt0324250
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021807
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021807
IRS990/OtherRevenueTotalAmt021807
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0860
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0860
IRS990/PrincipalOfficerNm0Pattye L Brown
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0498000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0472249
IRS990/PYOtherRevenueAmt016951
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt013452
IRS990/PYSalariesCompEmpBnftPaidAmt029250
IRS990/PYTotalExpensesAmt0501499
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0514951
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0776673
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-2900
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0791069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0900
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0900
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0900
IRS990ScheduleA/TotalSupportAmt0900
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0290534
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0290534
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06998
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06998
IRS990ScheduleD/LandGrp/BookValueAmt0137205
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0137205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1318802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23947
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Current Liabilities:Escrow Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Current Liabilities:Payable Due To College
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Current Liabilities:Rental Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0137205
IRS990ScheduleD/TotalLiabilityAmt0324250
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is sent to each member for review and it is discussed at a meeting of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member is asked if they have a business interest related to the SAU CDC at each business meeting of the Board. This allows for public disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This is done in conjunction with the SAU Salary survey.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No other documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Difference between Rollforward and book balance 52,787.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0373382
IRS990/TotalAssetsEOYAmt01599964
IRS990/TotalAssetsGrp/BOYAmt0373382
IRS990/TotalAssetsGrp/EOYAmt01599964
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043970
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058056
IRS990/TotalFunctionalExpensesGrp/TotalAmt0102026
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0350378
IRS990/TotalLiabilitiesEOYAmt0747500
IRS990/TotalLiabilitiesGrp/BOYAmt0350378
IRS990/TotalLiabilitiesGrp/EOYAmt0747500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023004
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0852464
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0788184
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0788184
IRS990/TotalProgramServiceExpensesAmt058056
IRS990/TotalProgramServiceRevenueAmt0788184
IRS990/TotalReportableCompFromOrgAmt027000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0878699
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0878699
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0373382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01599964
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 North Tarboro Street
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027610
IRS990/VotingMembersGoverningBodyCnt015

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,599,964
Liabilities
$747,500
Net assets
$852,464
Revenue
$878,699
Expenses
$102,026
Net income
$776,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$1.19$0.03$0.02$0.05$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$1.19$0.02$0.05$0.05$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.44$0.03$0.52$0.56$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.75$0.85$0.88$0.10$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.35$0.02$0.51$0.50$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.62$0.01$1.21$1.22$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.61$0.01$0.23$0.31$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.33$0.09$0.79$0.75$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.42$0.06$0.27$0.31$0.04
2015Summary only. Only limited summary data is available for this year.$0.43$0.38$0.05$0.31$0.04$0.27
2014Summary only. Only limited summary data is available for this year.$0.44$0.65$0.22$0.14$0.10$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.42$0.13$0.56