Civic Intelligence

Augustine Educational Foundation

990 • Fiscal year 2019 • EIN 99-0230013

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 25, 2019

6301 Pali HighwayKaneohe, HI 96744

(808) 203-6736

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$15,427,480

Down $1,165,852 (-7.0%) from 2018

Net Assets

Down

$9,703,704

Down $1,533,382 (-14%) from 2018

Liabilities

Up

$5,723,776

Up $367,530 (+6.9%) from 2018

Revenue And Expenses

Revenue

Down

$823,402

Down $561,911 (-41%) from 2018

Expenses

Up

$2,314,749

Up $1,242,218 (+116%) from 2018

Net Income

Down

-$1,491,347

Down $1,804,129 (-577%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $7,833,490Liabilities 2011: $1,636,987Net Assets 2011: $6,196,5032011Assets 2012: $8,750,519Liabilities 2012: $2,603,385Net Assets 2012: $6,147,1342012Assets 2013: $10,344,299Liabilities 2013: $4,161,057Net Assets 2013: $6,183,2422013Assets 2014: $12,609,316Liabilities 2014: $4,317,274Net Assets 2014: $8,292,0422014Assets 2015: $13,705,132Liabilities 2015: $4,556,669Net Assets 2015: $9,148,4632015Assets 2016: $14,117,736Liabilities 2016: $4,667,713Net Assets 2016: $9,450,0232016Assets 2017: $16,209,657Liabilities 2017: $5,285,353Net Assets 2017: $10,924,3042017Assets 2018: $16,593,332Liabilities 2018: $5,356,246Net Assets 2018: $11,237,0862018Assets 2019: $15,427,480Liabilities 2019: $5,723,776Net Assets 2019: $9,703,7042019Assets 2020: $13,458,509Liabilities 2020: $5,286,823Net Assets 2020: $8,171,6862020Assets 2021: $14,675,296Liabilities 2021: $6,755,722Net Assets 2021: $7,919,5742021Assets 2022: $11,916,385Liabilities 2022: $5,893,086Net Assets 2022: $6,023,2992022

Highlighted filing

2019

Assets$15,427,480
Liabilities$5,723,776
Net Assets$9,703,704

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $805,682Expenses 2011: $198,896Net Income 2011: $606,7862011Revenue 2012: $365,958Expenses 2012: $788,748Net Income 2012: -$422,7902012Revenue 2013: $1,567,362Expenses 2013: $837,664Net Income 2013: $729,6982013Revenue 2014: $3,040,989Expenses 2014: $932,188Net Income 2014: $2,108,8012014Revenue 2015: $1,956,206Expenses 2015: $1,099,802Net Income 2015: $856,4042015Revenue 2016: $1,831,540Expenses 2016: $1,529,980Net Income 2016: $301,5602016Revenue 2017: $4,508,958Expenses 2017: $3,034,682Net Income 2017: $1,474,2762017Revenue 2018: $1,385,313Expenses 2018: $1,072,531Net Income 2018: $312,7822018Revenue 2019: $823,402Expenses 2019: $2,314,749Net Income 2019: -$1,491,3472019Revenue 2020: $503,516Expenses 2020: $2,035,542Net Income 2020: -$1,532,0262020Revenue 2021: $1,590,806Expenses 2021: $1,842,920Net Income 2021: -$252,1142021Revenue 2022: $159,803Expenses 2022: $1,686,736Net Income 2022: -$1,526,9332022

Highlighted filing

2019

Revenue$823,402
Expenses$2,314,749
Net Income-$1,491,347
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$823,402
Mission and Program Overview

Mission

To provide scholarships to students attending

To provide scholarships to students attending hawaii catholic schools and to award grants to educators within the catholic school system of hawaii.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,546,856$9,443,299▼ $103,557
Pledges and Grants Receivable$4,650,109$3,385,367▼ $1,264,742
Savings and Temporary Cash Investments$2,000,000$2,000,000→ $0
Cash and Non-Interest-Bearing Accounts$367,702$579,553▲ $211,851
Land, Buildings, and Equipment, Net$3,433$4,855▲ $1,422
Total Assets$16,593,332$15,427,480▼ $1,165,852
Other Assets Total$25,232$14,406▼ $10,826
Liabilities
Escrow Account Liability$5,352,596$5,719,332▲ $366,736
Accounts Payable and Accrued Expenses$3,650$4,444▲ $794
Total Liabilities$5,356,246$5,723,776▲ $367,530
Net Assets / Fund Balance
Permanently Rstr Net Assets$7,156,927$7,156,927→ $0
Temporarily Rstr Net Assets$4,473,722$3,152,695▼ $1,321,027
Unrestricted Net Assets$-393,563$-605,918▼ $212,355
Total Net Assets Fund Balance$11,237,086$9,703,704▼ $1,533,382
Total Liabilities and Net Assets / Fund Balance$16,593,332$15,427,480▼ $1,165,852

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,855$57,668$62,523
Investment Program Related Org$9,443,299--
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bishop Larry SilvaChairman
Charlotte WhitePresident
Mikel GillilandVice President
Betsey GundersonBoard Member
Connie CarvillBoard Member
Father Gary SecorBoard Member
Shari WalshBoard Member
Paula BrunoSecretary
Adam DornbushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$624,492
Program Service Revenue
$0
Investment Income
$198,910
Other Revenue
$0
All Other Contributions
$624,492
Change in Net Assets
$-1,491,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$823,402
Total Revenue per Audited Statements
$823,402
Total Revenue per Form 990
$823,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,061,830
Salaries, Compensation, and Employee Benefits$179,152
Total Fundraising Expense$95,863
Other Expenses$73,767
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,061,830--$2,061,830
Other Salaries and Wages$45,163$40,281$36,619$122,063
Other Employee Benefits$17,238$15,374$13,977$46,589
Fees for Services Accounting$10,592$9,447$8,588$28,627
Other Expenses$0$0$28,552$28,552
Payroll Taxes$3,885$3,465$3,150$10,500
Occupancy$2,220$1,980$1,800$6,000
Office Expenses$2,094$1,868$1,698$5,660
Depreciation Depletion$773$690$627$2,090
Advertising$614$547$498$1,659
Fees for Services Other$329$294$267$890
Payment Travel Entrtnmnt Publicly Ofcl$107$95$87$289
Total Functional Expenses$2,144,845$74,041$95,863$2,314,749

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,314,749
Total Expenses per Audited Statements$2,314,749
Total Expenses per Form 990$2,314,749
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Augustine Educational Foundation
EIN
99-0230013
Phone
8082036736
Address
6301 PALI HIGHWAY, KANEOHE, HI 96744

Signing Officer

Name
Charlotte White
Title
President
Phone
8082036736
Signed
2019-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Gary Secor
Formed
1984
Legal Domicile
Hi
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
David Leong CPA
Address
1221 A MAUNAWILI RD, KAILUA, HI 96734
Preparer
David Leong
Phone
8082614643
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

Foundation only has the board and no committees that can act on behalf of the board.

Pt VI, Line 11B

The form 990 is available to all board members upon request.

Pt VI, Line 12C

Annually, a questionaire is distributed to all the board members which require the board members to disclose any conflict of interest to the organization.

Pt VI, Line 15A

The board annually review the salaries of the executive director and assistant. The salaries are formally approved and documented in the minutes of the meeting.

Pt VI, Line 19

The board meeting minutes, conflict of interest policy and the financial statements are available to the public upon request.

Pt XI

LINE 9 - ROUNDING ERROR

Financial Statement Notes

Pt IV, Line 2B

Assets received whereby the foundation acts as custodian are included in the balance sheet as long term investments/assets held for others. These custodial arrangements relates to the mission of the foundation except that the scholarships awarded are determined by the donor.

Pt XII, Line 4B

ROUNDING ERROR.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0624492
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01094692
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04103101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02018452
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01992276
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09833013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0198910
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0290621
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0405857
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01095388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0198910
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0290621
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0405857
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0100000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01095388
IRS990ScheduleA/InvestmentIncomeCYPct00.10020
IRS990ScheduleA/InvestmentIncomePYPct00.07790
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.89980
IRS990ScheduleA/PublicSupportPY509Pct00.92210
IRS990ScheduleA/PublicSupportTotal509Amt09833013
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0624492
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01094692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04103101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02018452
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01992276
IRS990ScheduleA/Total509Grp/TotalAmt09833013
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010928401
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04855
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057668
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062523
IRS990ScheduleD/ExpensesSubtotalAmt02314749
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09443299
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EQUITY SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt0823402
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASSETS RECEIVED WHEREBY THE FOUNDATION ACTS AS CUSTODIAN ARE INCLUDED IN THE BALANCE SHEET AS LONG TERM INVESTMENTS/ASSETS HELD FOR OTHERS. THESE CUSTODIAL ARRANGEMENTS RELATES TO THE MISSION OF THE FOUNDATION EXCEPT THAT THE SCHOLARSHIPS AWARDED ARE DETERMINED BY THE DONOR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING ERROR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04855
IRS990ScheduleD/TotalBookValueProgramRltdAmt09443299
IRS990ScheduleD/TotalExpensesPerForm990Amt02314749
IRS990ScheduleD/TotalRevenuePerForm990Amt0823402
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0823402
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02314749
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt029900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHER/CURRICULUM GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOUNDATION ONLY HAS THE BOARD AND NO COMMITTEES THAT CAN ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS AVAILABLE TO ALL BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, A QUESTIONAIRE IS DISTRIBUTED TO ALL THE BOARD MEMBERS WHICH REQUIRE THE BOARD MEMBERS TO DISCLOSE ANY CONFLICT OF INTEREST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ANNUALLY REVIEW THE SALARIES OF THE EXECUTIVE DIRECTOR AND ASSISTANT. THE SALARIES ARE FORMALLY APPROVED AND DOCUMENTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEETING MINUTES, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 9 - ROUNDING ERROR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0HI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04473722
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03152695
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016593332
IRS990/TotalAssetsEOYAmt015427480
IRS990/TotalAssetsGrp/BOYAmt016593332
IRS990/TotalAssetsGrp/EOYAmt015427480
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0624492
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt095863
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074041
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02144845
IRS990/TotalFunctionalExpensesGrp/TotalAmt02314749
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05356246
IRS990/TotalLiabilitiesEOYAmt05723776
IRS990/TotalLiabilitiesGrp/BOYAmt05356246
IRS990/TotalLiabilitiesGrp/EOYAmt05723776
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011237086
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09703704
IRS990/TotalProgramServiceExpensesAmt02144845
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198910
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0823402
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016593332
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015427480
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-393563
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-605918
IRS990/UponRequestInd0X

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