Sage Foundation
- Assets
- $56.3m
- Revenue
- $9.8m
- Investments
- $50.6m
- Employees
- 0
- Location
- Arlington, WA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 20-0404771
Organization Overview
Sage Foundation is located in Arlington, WA. The organization was established in 2004. 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 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 generated $9.8m 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 (5.5%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sage Foundation has awarded 120 individual grants totaling $41,585,561. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,900,000 |
| Interest on Savings | $650 |
| Dividends & Interest | $1,497,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,448,043 |
| Capital Gain Net Income | $4,448,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,846,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $121,275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $353,960 |
| Contributions, gifts, grants paid | $6,214,237 |
| Total expenses and disbursements | $6,568,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,635,469 |
| Savings and temporary cash investments | $0 |
| 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 | $1,918,224 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,270,965 |
| 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 |
Grants Awarded
Over the last fiscal year, Sage Foundation has awarded $6,214,237 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ARHOOLIE FOUNDATION PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN | $100,000 |
BALMORAL SCHOOL OF PIPING & DRUMMING PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN. | $155,000 |
BERKELEY SOCIETY FOR PRESERVATION OF MUSIC PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN | $300,000 |
BOOK-IT REPERTORY THEATRE PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN | $150,000 |
CORNISH COLLEGE OF THE ARTS PURPOSE: REFER TO STATEMENT 12 (FOOTNOTE) OF THIS TAX RETURN | $1,500,000 |
CORNISH COLLEGE OF THE ARTS PURPOSE: REFERR TO STATEMENT 12(FOOTNOTE) OF THIS TAX RETURN | $250,000 |