Augustus Institute For The Sciences And Medicinal Arts is located in Charlotte, NC. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustus Institute For The Sciences And Medicinal Arts 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 12/2020, Augustus Institute For The Sciences And Medicinal Arts generated $42.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (45.1%) each year. All expenses for the organization totaled $39.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (80.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
0
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Portia York Director | 20 | $10,000 | |
Carl Augustus President | 10 | $5,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $2,500 |
Other Revenue | $0 |
Total Revenue | $42,500 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $21,500 |
Professional fees and other payments to independent contractors | $10,000 |
Occupancy, rent, utilities, and maintenance | $6,500 |
Printing, publications, postage, and shipping | $1,000 |
Other expenses | $0 |
Total expenses | $39,000 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,000 |
Other assets | $0 |
Total assets | $5,000 |
Total liabilities | $0 |
Net assets or fund balances | $5,000 |
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