Augustine Institute Inc
- Assets
- $35.4m
- Revenue
- $28.4m
- Investments
- $4.5m
- Employees
- 241
- Location
- Greenwood Village, CO
- Founding
- 03/2006
- Data as of
- 06/2022
- 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 06/2023, Augustine Institute Inc employed 241 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 06/2022, Augustine Institute Inc generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $20.5m during the year ending 06/2022. While expenses have increased by 12.6% 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
2022
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
THE INSTITUTE SELLS PRODUCTS, PHYSICALLY AND DIGITALLY, IN THE FORM OF VIDEO SETS, INSTRUCTIONAL BOOKLETS, BOOKS AND AUDIO TALKS AND DRAMAS.
THE AUGUSTINE INSTITUTE'S PILGRIMAGE PROGRAM PROVIDES A ONCE IN A LIFETIME OPPORTUNITY TO WALK IN THE FOOTSTEPS OF CHRIST AND THE SAINTS. COORDINATED TRIPS TO THE HOLY LAND, ROME, AND OTHER LOCATIONS AROUND THE WORLD INCLUDE EXCLUSIVE ACCESS TO HISTORIC SITES, UNIQUE ENCOUNTERS WITH THE FAITH, AND TEACHING FROM AUGUSTINE INSTITUTE FACULTY.
FORMED IS A DIGITAL PLATFORM THAT BRINGS TOGETHER THE BEST CATHOLIC CONTENT FROM THE INSTITUTE, IGNATIUS PRESS (IP)AND MANY OTHER CATHOLIC CONTENT PROVIDERS. FORMED IS A STRATEGIC PARTNERSHIP BETWEEN THE AUGUSTINE INSTITUTE AND IP, EACH ENTITY WITH AN INTEREST OF 75% AND 25%, RESPECTIVELY. SUBSEQUENT TO YEAR END, THE INSTITUTE BOUGHT OUT IP'S 25% OWNERSHIP OF FORMED.
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 | OfficerTrustee | 40 | $327,970 |
Angela Parsons Chief Financial Officer | Officer | 40 | $168,977 |
Casey Verkamp Executive Vice President | Officer | 40 | $240,937 |
John Doheny Chief Information Officer | Officer | 40 | $226,852 |
Benjamin D Akers Executive Director, Formed | Officer | 40 | $187,545 |
Christoper Blum Provost | Officer | 40 | $177,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,442,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,442,185 |
| Total Program Service Revenue | $10,195,724 |
| Investment income | $595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,294 |
| Net Rental Income | $137,243 |
| 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 | $1,615,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,424,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $484,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,175,241 |
| Compensation of current officers, directors, key employees. | $131,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,540,564 |
| Pension plan accruals and contributions | $314,747 |
| Other employee benefits | $728,036 |
| Payroll taxes | $646,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,944 |
| Fees for services: Accounting | $67,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,636 |
| Fees for services: Other | $3,107,371 |
| Advertising and promotion | $279,197 |
| Office expenses | $578,398 |
| Information technology | $2,459,174 |
| Royalties | $0 |
| Occupancy | $561,624 |
| Travel | $399,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,075,520 |
| Insurance | $94,923 |
| All other expenses | $0 |
| Total functional expenses | $20,450,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,358,235 |
| Savings and temporary cash investments | $4,812,434 |
| Pledges and grants receivable | $1,475,405 |
| Accounts receivable, net | $459,504 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,847,327 |
| Prepaid expenses and deferred charges | $307,479 |
| Net Land, buildings, and equipment | $12,680,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,505,820 |
| Investments—program-related | $0 |
| Intangible assets | $3,896,915 |
| Other assets | $12,508 |
| Total assets | $35,356,099 |
| Accounts payable and accrued expenses | $3,460,892 |
| Grants payable | $0 |
| Deferred revenue | $1,233,444 |
| 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 | $6,005,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,699,672 |
| Net assets without donor restrictions | $19,060,217 |
| Net assets with donor restrictions | $5,596,210 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,356,099 |