August Corporation

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

10 people listed

CRAIG N DENEKAS (CHAIRMAN & CEO): $531,423 total reported compensation
JERE G MICHELSON (PRESIDENT, COO & CFO): $503,645 total reported compensation
PAUL PIETROPAOLI (EXECUTIVE VICE PRESIDENT): $416,080 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

To hold title to real estate on behalf of libra foundation; receive all net rental income and distribute it to libra foundation.

The organization received net rental income from properties held for libra foundation.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: No current program activity. The filing reports no program spending for the current year.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 60%; rating input score 60; 23rd percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -100%; rating input score 18; 18th percentile among comparable filings
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 0; rating input score 29; 29th percentile among comparable filings
Officer compensation ratio: Limited

Program expense growth: Limited
Revenue growth: Limited
Asset growth: -5.8% per year; rating input score 0; 19th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 3 of 5 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $531K · 10 people listed · 0 of 6 pay-setting controls reported
Consistency: 13 of 13 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 6 filing years from 2020 to 2025
Contacts: How to reach this organization
Money network: 5 filed money-flow records
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Operating margin scored 18/100.
Review — Accountability: Governance controls: Independent financial-statement audit not reported.
High — Sustainability: Liabilities to assets ratio scored 29/100.