The Charlemagne Institute, operating under the name Chronicles Magazine, is located in Bloomington, MN. The organization was established in 2009. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2021, Chronicles Magazine employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chronicles Magazine 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 12/2021, Chronicles Magazine generated $802.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARLEMAGNE INSTITUTE IS DEFENDING AND ADVANCING WESTERN CIVILIZATION THROUGH PRINT, DIGITAL AND IN-PERSON COMMUNICATIONS.
Describe the Organization's Program Activity:
GENERAL PROMOTION AND EDUCATIONAL OUTREACH TO DEFEND AND ADVANCE WESTERN CIVILIZATION. EFFORTS INCLUDE TV INTERVIEWS, PODCASTS, SOCIAL MEDIA, MAILINGS, E-MAILS, POSTCARDS, VIDEOS, AND OTHER AVAILABLE TOOLS. IN ALL, CHARLEMAGNE INSTITUTE REACHES OVER 8 MILLION UNIQUE READERS ANNUALLY, WHILE SEEING TENS OF MILLIONS OF CONTENT VIEWS VIA OUTREACH TO THE PUBLIC.
INTELLECTUAL TAKEOUT IS CHARLEMAGNE INSTITUTE'S WEBZINE GEARED TOWARDS A YOUNGER AMERICAN AUDIENCE. ESTABLISHED IN 2009, INTELLECTUAL TAKEOUT (ITO) HAS OVER 8 MILLION UNIQUE READERS ANNUALLY AND TENS OF MILLIONS OF VIEWS OF CONTENT VIA SOCIAL MEDIA AND EMAIL OUTREACH AND COMMUNICATIONS. OVER THE COURSE OF A YEAR, ITO WILL PUBLISH OVER 1,000 ARTICLES PROMOTED TO 700,000 FOLLOWERS VIA SOCIAL MEDIA. OUR WEBZINE HELPS EDUCATE OUR READERS ON THE FOUNDATIONS, TRADITIONS, PRINCIPLES, AND HISTORY OF AMERICA AND WESTERN CIVILIZATION. AT THE SAME TIME, ITO DECONSTRUCTS MODERN AND PAST IDEOLOGIES, SHOWING THE FAULTY LOGIC AND THE DISASTROUS RESULTS. THROUGHOUT ALL OUR PUBLICATIONS, CHARLEMAGNE INSTITUTE DRAWS A CLEAR LINE BETWEEN OUR EDITORIAL DECISIONS AND OUR DONORS AND BOARD OF DIRECTORS. WHILE DONORS MAY DIRECT FUNDING TO SPECIFIC PROJECTS, SUCH AS THE ALCUIN INTERNSHIP, THEY ARE NOT DIRECTING THE WRITING OR PUBLISHING OF OUR CONTENT. WE PUBLISH A WIDE RANGE OF CONTENT THAT IS MEANT TO FOSTER DISCUSSION AND FURTHER INTELLECTUAL DISCOVERY.
CHRONICLES: A MAGAZINE OF AMERICAN CULTURE HAS BEEN A STRONGHOLD OF INTELLIGENT, CONSERVATIVE DISCOURSE ON WESTERN AND AMERICAN CULTURE SINCE 1977. EACH YEAR, WE PUBLISH 12 ISSUES OF THE MAGAZINE. ALL CHARLEMAGNE INSTITUTE MEMBERS RECEIVE A SUBSCRIPTION TO CHRONICLES. IN 2022, WE WILL BE CELEBRATING OUR 45TH ANNIVERSARY. THROUGH THE PRINT MAGAZINE AS WELL AS SOCIAL MEDIA OUTLETS, OUR WEBSITE, TV AND RADIO INTERVIEWS, AND PODCASTS, CHRONICLES EXAMINES AND ANALYZES CURRENT EVENTS FROM THE PERSPECTIVES OF HISTORY, THEOLOGY, LITERATURE, AND PHILOSOPHY. INFLUENCING THE INFLUENTIAL, OVER A THIRD OF ITS 7,000 SUBSCRIBERS HOLD ADVANCED DEGREES. ITS READERSHIP INCLUDES NOVELISTS, FILMMAKERS, UNIVERSITY PROFESSORS, TEACHERS, HOMESCHOOLING MOTHERS, PRIESTS AND PASTORS, CAPTAINS OF INDUSTRY, GOVERNMENT RESEARCHERS, JOURNALISTS, THINK TANK LEADERS, LAWYERS, BISHOPS, JUDGES, BUREAUCRATS, AND POLITICIANS. IN 2020, WE RELEASED OUR FIRST VOLUME OF REMEMBERING THE RIGHT, A SPECIAL COMPILATION ISSUE OF ARTICLES DEDICATED TO SHARING THE WISDOM OF PAST CONSERVATIVE AND WESTERN INTELLECTUALS. CHARLEMAGNE INSTITUTE BECAME THE PUBLISHER OF CHRONICLES ON DECEMBER 31, 2018, WHEN THE ROCKFORD INSTITUTE, CHRONICLES' ORIGINAL PUBLISHER, DISSOLVED AND ALL ITS ASSETS WERE ASSUMED BY CHARLEMAGNE INSTITUTE. THROUGHOUT ALL OUR PUBLICATIONS, CHARLEMAGNE INSTITUTE DRAWS A CLEAR LINE BETWEEN OUR EDITORIAL DECISIONS AND OUR DONORS AND BOARD OF DIRECTORS. WHILE DONORS MAY DIRECT FUNDING TO SPECIFIC PROJECTS, SUCH AS THE ALCUIN INTERNSHIP, THEY ARE NOT DIRECTING THE WRITING OR PUBLISHING OF OUR CONTENT. WE PUBLISH A WIDE RANGE OF CONTENT THAT IS MEANT TO FOSTER DISCUSSION AND FURTHER INTELLECTUAL DISCOVERY.
THE ALCUIN INTERNSHIP & COVID: DUE TO COVID RESTRICTIONS, CHARLEMAGNE INSTITUTE WAS UNABLE TO HOST THE ALCUIN INTERNSHIP IN 2020. WE PLAN TO RELAUNCH THE PROGRAM FOR THE SUMMER OF 2022. THE ALCUIN INTERNSHIP IS AN INTENSIVE, INTELLECTUAL, AND PROFESSIONAL TRAINING PROGRAM FOR A GROUP OF LEADING COLLEGE STUDENTS AND RECENT GRADUATES. TRADITIONALLY HOSTED BY CHARLEMAGNE INSTITUTE EACH SUMMER, THE ALCUIN INTERNSHIP DEEPENS PARTICIPANTS' UNDERSTANDING OF THE HISTORY OF WESTERN CIVILIZATION AND THE MODERN CONSERVATIVE MOVEMENT WHILE PREPARING THEM FOR LIVES OF WORK AND SERVICE. THE PROGRAM FEATURES A 5-DAY "INTELLECTUAL BOOTCAMP" FOLLOWED BY A WEEKLY SEMINAR-DAY FEATURING PROFESSORS AND THOUGHT-LEADERS FROM AROUND THE COUNTRY DISCUSSING TOPICS SUCH AS THE HISTORY OF CONSERVATISM, THE ROMAN REPUBLIC, THE ROOTS OF THE WESTERN INTELLECTUAL TRADITION, THE FRENCH VS. AMERICAN REVOLUTIONS, AND CHRISTIANITY'S ROLE IN SHAPING THE WEST. ADDITIONALLY, THE ALCUIN INTERNSHIP PROVIDES PROFESSIONAL MENTORSHIP IN WRITING FOR A DIVERSE AUDIENCE, BUSINESS ETIQUETTE, NETWORKING, AND GROWTH OPPORTUNITIES IN SUPPORT OF THE MISSION. DESPITE THE CHALLENGES OF THE COVID-ERA, WE HAVE SEEN CONTINUED GROWTH IN FUNDRAISING AND MEMBERSHIPS. THE VAST MAJORITY OF OUR SUPPORTERS GIVE BETWEEN 50 AND 1,000 ANNUALLY, PROVIDING US A STRONG AND BROAD FOUNDATION FOR CONTINUED GROWTH TO EXPAND OUR REACH AND INFLUENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Devin Foley CEO | OfficerTrustee | 40 | $139,899 |
Raymond Welder Chairman | OfficerTrustee | 2 | $0 |
Frank Russomanno Vice Chairma | OfficerTrustee | 2 | $0 |
Thomas Pauken Vice Chairma | OfficerTrustee | 2 | $0 |
George Csatary Treasurer | OfficerTrustee | 2 | $0 |
Andrew Hutchinson Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $216,654 |
All other contributions, gifts, grants, and similar amounts not included above | $484,206 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $700,860 |
Total Program Service Revenue | $0 |
Investment income | $126,397 |
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 | -$34,111 |
Miscellaneous Revenue | $0 |
Total Revenue | $802,178 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $159,330 |
Compensation of current officers, directors, key employees. | $11,237 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $571,546 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $59,367 |
Payroll taxes | $62,793 |
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 | $41,972 |
Fees for services: Other | $0 |
Advertising and promotion | $9,148 |
Office expenses | $235,363 |
Information technology | $113,735 |
Royalties | $0 |
Occupancy | $65,287 |
Travel | $15,322 |
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 | $19,456 |
Insurance | $7,933 |
All other expenses | $2,365 |
Total functional expenses | $1,585,906 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,063 |
Savings and temporary cash investments | $507 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,053 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $35,019 |
Net Land, buildings, and equipment | $19,217 |
Investments—publicly traded securities | $4,028,794 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $9,600 |
Other assets | $0 |
Total assets | $4,134,253 |
Accounts payable and accrued expenses | $110,695 |
Grants payable | $0 |
Deferred revenue | $184,022 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $294,717 |
Net assets without donor restrictions | $3,598,519 |
Net assets with donor restrictions | $241,017 |
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 | $4,134,253 |
Over the last fiscal year, we have identified 13 grants that The Charlemagne Institute has recieved totaling $160,429.
Awarding Organization | Amount |
---|---|
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $18,050 |
Patton Foundation Hastings, MN PURPOSE: CHARITABLE | $10,000 |
Leonette M & Fred T Lanners Foundation Plymouth, MN PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $9,000 |
Donors Trust Inc Alexandria, VA PURPOSE: $6,500 for general operations/ $250 to support Intellectual TakeOut | $6,750 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,550 |
Beg. Balance | $4,052,719 |
Earnings | $598,046 |
Admin Expense | $41,972 |
Other Expense | $579,999 |
Ending Balance | $4,028,794 |
Organization Name | Assets | Revenue |
---|---|---|
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Arrowhead Library System Mountain Iron, MN | $7,916,564 | $3,392,560 |
Little Free Library Ltd St Paul, MN | $2,366,645 | $3,222,101 |
The Charlemagne Institute Bloomington, MN | $4,134,253 | $802,178 |
Traverse Des Sioux Library System Mankato, MN | $2,660,505 | $1,793,930 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
Mary T And James J Hill Library Foundation St Paul, MN | $19,858,073 | $1,320,140 |
Casa Alba Melanie Hispanic Community Resource Center Of Green Green Bay, WI | $2,058,613 | $776,990 |
Iowa City Public Library Friends Foundation Iowa City, IA | $2,098,660 | $390,519 |
Maquoketa Library Corporation Maquoketa, IA | $2,024,711 | -$199,263 |
Duluth Library Foundation Duluth, MN | $1,948,980 | $685,085 |
Action Resource Center Stanley, ND | $94,885 | $266,773 |