Russell Sage Foundation
- Assets
- $391.5m
- Revenue
- $12.8m
- Investments
- $375.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1959
- Data as of
- 08/2022
- EIN
- 13-1635303
Organization Overview
Russell Sage Foundation is located in New York, NY. The organization was established in 1959. 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. Russell Sage Foundation 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 08/2022, Russell Sage Foundation generated $12.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $16.3m during the year ending 08/2022. While expenses have increased by 1.1% 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.
Since 2015, Russell Sage Foundation has awarded 1,475 individual grants totaling $72,132,537. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
VISITING SCHOLAR PROGRAM - 15.5 FTE VISITING SCHOLARS, TWO JOURNALISTS, ONE MOS SCHOLAR AND ONE VISITING RESEARCHER WERE PROVIDED WITH OFFICES AT THE FOUNDATION TO CONDUCT RESEARCH, HOLD MEETINGS & CONDUCT SEMINARS ON VARIOUS SOCIAL SCIENCE TOPICS, INCLUDING SIGNIFICANT INVOLVEMENT AWARDS RELATED TO THE PROGRAM.
RESEARCH PROJECTS PROGRAM - PROVIDED DIRECT SUPPORT OF SOCIAL SCIENCE RESEARCH WORKING WITH VARIOUS UNIVERSITIES. ACTIVITY ALSO INCLUDES DEVELOPMENT COSTS RELATED TO EVALUATION AND EXPANSION OF POTENTIAL RESEARCH IN SOCIAL SCIENCE DISCIPLINES, INCLUDING SIGNIFICANT INVOLVEMENT GRANTS RELATED TO THE PROGRAM.
PUBLICATIONS - PUBLISHED SEVEN BOOKS AND FIVE JOURNAL ISSUES DURING THE FISCAL YEAR ON VARIOUS TOPICS IN SOCIAL SCIENCE. DIRECT PUBLISHING COSTS OF $395,172 HAVE BEEN EXCLUDED.
UNDERTOOK OUTREACH ACTIVITIES TO PROMOTE BOOKS, JOURNAL ARTICLES AND SOCIAL SCIENCE RESEARCH BY FORMER AND CURRENT VISITING SCHOLARS AND GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Jones-Correa Chairman | 0.6 | $9,500 | |
Larry Bartels Vice-Chairman | 0.6 | $11,000 | |
David Laibson Treasurer | 0.6 | $22,000 | |
Marianne Bertrand Trustee | 0.6 | $13,000 | |
Cathy Cohen Trustee | 0.6 | $9,000 | |
Karen Cook Trustee | 0.6 | $7,649 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silchester International Investors Inc | 8/30/22 | $844,219 |
Holt Construction Corp | 8/30/22 | $583,279 |
Berlin Rosen | 8/30/22 | $144,000 |
Trane Us Inc | 8/30/22 | $143,403 |
Building Performance Equipment Inc | 8/30/22 | $69,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $856,513 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,218,583 |
| Net Rental Income | $84,000 |
| Net Gain on Sale of Assets | $6,546,670 |
| Capital Gain Net Income | $6,546,670 |
| Net ST Capital Gain | $6,546,670 |
| Income Modifications | $370,051 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,112,133 |
| Total Revenue | $12,817,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,220,789 |
| Other employee salaries and wages | $3,289,687 |
| Pension plans, employee benefits | $686,460 |
| Interest | $0 |
| Taxes | $40,920 |
| Depreciation | $553,088 |
| Occupancy | $324,567 |
| Travel, conferences, and meetings | $219,127 |
| Printing and publications | $450,200 |
| Other expenses | $2,568,661 |
| Total operating and administrative expenses | $10,877,758 |
| Contributions, gifts, grants paid | $5,385,749 |
| Total expenses and disbursements | $16,263,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $986,389 |
| Savings and temporary cash investments | $500,000 |
| Net Accounts receivable | $52,748 |
| Net Pledges Receivable | $0 |
| Grants receivable | $62,500 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $62,550 |
| Prepaid expenses and deferred charges | $63,137 |
| Net Investments - land, buildings, equipment | $2,250,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,748,897 |
| Net Land, buildings, and equipment | $12,121,953 |
| Other assets | $0 |
| Total assets | $391,503,640 |
| Accounts payable and accrued expenses | $157,893 |
| Grants payable | $4,317,078 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,668,878 |
| Total liabilities | $9,143,849 |
Grants Awarded
Over the last fiscal year, Russell Sage Foundation has awarded $10,378,903 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: CHARTER SCHOOLS, SOCIOECONOMIC SEGREGATION AND ACHIEVEMENT GAPS | $7,500 |
ARIZONA STATE UNIVERSITY PURPOSE: A THEORETICAL AND EMPIRICAL EXAMINATION OF THE AMERICAN BUREAUCRACY AND T... | $28,348 |
ASSUMPTION UNIVERSITY PURPOSE: DEBT PEONAGE | $30,000 |
BOSTON COLLEGE PURPOSE: IMMIGRANT ATTITUDES TOWARD RACIAL INEQUALITY | $20,275 |
BOSTON UNIVERSITY PURPOSE: INTERSECTIONAL POLITICS? HOW WOMEN NEGOTIATE THEIR IDENTITIES AND WHY IT... | $10,000 |
BOSTON UNIVERSITY PURPOSE: IMPACTS OF COVID-19 AND THE UNEMPLOYMENT INSURANCE SYSTEM ON WORKERS, FIR... | $88,788 |