Sage Foundation Inc
- Assets
- $176.0m
- Revenue
- $16.8m
- Investments
- $149.4m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 06-1478711
Organization Overview
Sage Foundation Inc is located in Greenwich, CT. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sage Foundation 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 12/2022, Sage Foundation Inc generated $16.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $24.2m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta B Denning Chairman | 0 | $0 | |
Steven A Denning Secretary | 0 | $0 | |
Richard Gold Asst Sec | 0 | $0 | |
Alan H Rappaport Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,095,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,636,180 |
| Capital Gain Net Income | $14,636,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,317 |
| Total Revenue | $16,838,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $779 |
| Taxes | $352,130 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $564,557 |
| Total operating and administrative expenses | $917,466 |
| Contributions, gifts, grants paid | $23,325,640 |
| Total expenses and disbursements | $24,243,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,566,001 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $149,399,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $175,965,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |