Augustine Institute Inc
- Assets
- $26.4m
- Revenue
- $26.8m
- Investments
- $233.7k
- Employees
- 190
- Location
- Greenwood Village, CO
- Founding
- 03/2006
- Data as of
- 06/2021
- EIN
- 20-2349108
Organization Overview
Augustine Institute Inc is located in Greenwood Village, CO. The organization was established in 2006. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Augustine Institute Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustine Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Augustine Institute Inc generated $26.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $16.0m during the year ending 06/2021. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AUGUSTINE INSTITUTE SERVES THE FORMATION OF CATHOLICS FOR THE NEW EVANGELIZATION. THROUGH ACADEMIC AND PARISH PROGRAMS, THE AUGUSTINE INSTITUTE EQUIPS CATHOLICS INTELLECTUALLY, SPIRITUALLY, AND PASTORALLY TO RENEW THE CHURCH AND TRANSFORM THE WORLD FOR CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED AND PRODUCT SALESFORMED IS A DIGITAL PLATFORM THAT BRINGS TOGETHER THE BEST CATHOLIC CONTENT. IN ADDITION, THE INSTITUTE SELLS PRODUCTS, PHYSICALLY AND DIGITALLY, IN THE FORM OF VIDEO SETS, INSTRUCTIONAL BOOKLETS, BOOKS AND AUDIO TALKS AND DRAMAS.
THE AUGUSTINE INSTITUTE GRADUATE SCHOOL OF THEOLOGY IS A COMMUNITY OF SCHOLARS AND STUDENTS UNITED IN THE COMMON MISSION TO ADVANCE THE NEW EVANGELIZATION THROUGH THE EXERCISE OF THE GIFT OF THEOLOGY. THE AUGUSTINE INSTITUTE IS AN ACCREDITED MEMBER OF THE ASSOCIATION OF THEOLOGICAL SCHOOLS. INSPIRED BY ST. AUGUSTINE'S APPROACH TO EVANGELIZATION, THE INSTITUTE PRIVILEGES NARRATION, THE TELLING OF THE STORY OF GOD'S MERCY TO HIS PEOPLE, FROM THE CREATION THROUGH OUR REDEMPTION IN CHRIST AND IN THE CONTINUING UNFOLDING OF HIS MERCY BY HIS PROVIDENTIAL GOVERNANCE OF THE CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy Gray President, Trustee Ex Offi | OfficerTrustee | 40 | $264,851 |
Mark Middendorf Chief Revenue Officer | Officer | 40 | $231,588 |
Brian Truckenbrod Director Of Evangelization | Officer | 40 | $157,244 |
Christopher Blum Academic Dean | Officer | 40 | $154,950 |
Angela Parsons CFO | Officer | 40 | $149,619 |
Steven Flanigan Executive Producer | 40 | $142,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,410,600 |
| Investment income | $673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,625 |
| Net Rental Income | $104,913 |
| Net Gain/Loss on Asset Sales | $94,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,020,793 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,811,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,259,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,411,615 |
| Pension plan accruals and contributions | $228,216 |
| Other employee benefits | $623,154 |
| Payroll taxes | $471,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,929 |
| Fees for services: Accounting | $67,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,284 |
| Fees for services: Other | $2,071,194 |
| Advertising and promotion | $270,043 |
| Office expenses | $275,264 |
| Information technology | $1,753,416 |
| Royalties | $0 |
| Occupancy | $552,006 |
| Travel | $132,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,050,806 |
| Insurance | $55,193 |
| All other expenses | $0 |
| Total functional expenses | $16,034,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,897,959 |
| Savings and temporary cash investments | $5,951,478 |
| Pledges and grants receivable | $2,253,310 |
| Accounts receivable, net | $316,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,969,178 |
| Prepaid expenses and deferred charges | $419,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $233,701 |
| Investments—program-related | $0 |
| Intangible assets | $2,052,163 |
| Other assets | $12,508 |
| Total assets | $26,414,625 |
| Accounts payable and accrued expenses | $2,169,498 |
| Grants payable | $0 |
| Deferred revenue | $854,202 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,156,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,179,831 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,234,794 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Augustine Institute Inc has recieved totaling $161,250.
| Awarding Organization | Amount |
|---|---|
Dehaemers Fam Charitable Tr Overland Park, KS PURPOSE: GENERAL DONATION | $100,000 |
Mercy Works Foundation Inc Appleton, WI PURPOSE: MONETARY SUPPORT | $40,000 |
Voskuhl-Staab Charitable Foundation Tulsa, OK PURPOSE: RELIGIOUS EDUCATION-GENERAL SUPPORT | $20,000 |
Ravarino Fam Foundation Saint Louis, MO PURPOSE: GENERAL | $1,000 |
Rafael Madan & Lilian Casas Foundation Oakton, VA PURPOSE: THE FOUNDATION'S CHARITABLE ACTIVITIES CONSISTED OF DONATIONS MADE TO VARIOUS ROMAN CATHOLIC CHURCH ORGANIZATIONS AND AFFILIATED OR OTHER CHARITABLE ORGANIZATIONS. | $250 |
Endowment Analysis
| Beg. Balance | $158,947 |
| Net Contributions | $30,000 |
| Ending Balance | $188,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Clarkson College Omaha, NE | $27,180,320 | $38,123,040 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Augustine Institute Inc Greenwood Village, CO | $26,414,625 | $26,811,654 |
Kansas Health Science Center Inc Wichita, KS | $59,507,557 | $699,651 |
Independent School Inc Wichita, KS | $14,367,580 | $8,318,061 |
Phoenix Seminary Inc Scottsdale, AZ | $3,442,651 | $6,984,863 |
Little Priest Tribal College Winnebago, NE | $15,346,518 | $6,906,359 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Carden Memorial Foundation Salt Lake City, UT | $4,214,343 | $3,451,718 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |