Saint Augustines College
- Assets
- $78.5m
- Revenue
- $34.6m
- Investments
- $14.0m
- Employees
- 357
- Location
- Raleigh, NC
- Founding
- 05/1946
- Data as of
- 06/2020
- EIN
- 56-0547478
Organization Overview
Saint Augustines College, operating under the name Saint Augustine's University, is located in Raleigh, NC. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2020, Saint Augustine's University employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Augustine's University 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 06/2020, Saint Augustine's University generated $34.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $32.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UNIVERSITY IS TO PREPARE STUDENTS PERSONALLY, SOCIALLY, AND INTELLECTUALLY TO EFFECTIVELY FUNCTION IN A GLOBAL AND TECHNOLOGICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION AND PROVIDES INSTRUCTION AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PURPOSE.
THE UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION AND PROVIDES INSTRUCTION AND VARIOUS SUPPORT SERVICES IN ACHIEVING ITS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Pattye Brown Secretary | OfficerTrustee | 1 | $0 |
Mr Rudolph Morton Vice Chairman | OfficerTrustee | 1 | $0 |
Mr David B Robinson Treasurer | OfficerTrustee | 1 | $0 |
Reverend Hilton O Smith Chairman | OfficerTrustee | 1 | $0 |
Mr Everett B Ward President | Officer | 40 | $0 |
Mr Steven E Hairston Vice President For Institutional Advancement | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iron Bridge Resources Llc Business Consulting | 6/29/20 | $100,000 |
Aladdin Food Services Llc Food Services | 6/29/20 | $300,000 |
Dk & Sons Construction Company Construction Contractor | 6/29/20 | $300,000 |
Capital Cleaning Inc Janitorial Services | 6/29/20 | $100,000 |
Honeywell International Inc Building Solutions Construction Contractor | 6/29/20 | $100,000 |
Capital Cleaning Inc Janitorial Services | 6/29/20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,633,099 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,557,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,928,508 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $32,277,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,495,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $291,139 |
| Accounts receivable, net | $7,357,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,010,825 |
| Inventories for sale or use | $12,597 |
| Prepaid expenses and deferred charges | $3,930,249 |
| Investments—publicly traded securities | $13,875,428 |
| Investments—other securities | $14,040,766 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,243,260 |
| Total assets | $78,508,060 |
| Accounts payable and accrued expenses | $9,213,501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,309,331 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,713,855 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $366,804 |
| Total liabilities | $40,603,491 |
| 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 | $37,904,569 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Saint Augustines College has recieved totaling $1,229,939.
| Awarding Organization | Amount |
|---|---|
United Negro College Fund Inc Washington, DC PURPOSE: GRANTS & SCHOLARSHIPS, AREA OFFICE JOINT CAMPAIGN | $1,059,842 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For general scholarship support. | $120,000 |
Educational Credit Management Corporation Minneapolis, MN PURPOSE: Project Success Emergency Aid & Food Pantry Assistance | $23,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $8,430 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,500 |
Tom Joyner Foundation Inc Dallas, TX PURPOSE: EDUCATION SCHOLARSHIP | $5,500 |
Endowment Analysis
| Beg. Balance | $8,963,615 |
| Ending Balance | $8,963,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Bridgewater College Bridgewater, VA | $220,158,848 | $86,618,271 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hampden-Sydney College Hampdensydney, VA | $332,900,116 | $118,845,969 |