Sagamore Institute Inc
- Assets
- $15.8m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Indianapolis, IN
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 20-1161578
Organization Overview
Sagamore Institute Inc is located in Indianapolis, IN. The organization was established in 2004. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Sagamore Institute Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sagamore Institute 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 12/2023, Sagamore Institute Inc generated $16.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $13.9m during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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 2016, Sagamore Institute Inc has awarded 66 individual grants totaling $9,466,108. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLY THE EFFECTIVENESS OF POLICY AND SOCIAL ENTREPRENEURS THROUGH RESEARCH AND CONSULTING
Describe the Organization's Program Activity:
EDUCATION THE EDUCATIONAL OPPORTUNITIES PROGRAM SERVES THE J1 VISA PROGRAM, WHICH ISSUES VISAS AND MONITORS HIGHLY-QUALIFIED INTERNATIONAL TEACHERS WHO COME TO THE USA TO TEACH. IT ALSO OPERATES SCHOLARSHIPS FOR EDUCATION CHOICE, AN INDIANA SCHOLARSHIP GRANTING ORGANIZATION WHICH GRANTS SCHOLARSHIPS SO THAT STUDENTS CAN ATTEND THE SCHOOL OF THEIR CHOICE. TO RAISE THE FUNDS NECESSARY TO AWARD THE SCHOLARSHIPS, THE ORGANIZATION IS ABLE TO OFFER INDIVIDUAL AND BUSINESS DONORS A STATE TAX CREDIT EQUAL TO FIFTY PERCENT (50%) OF THE AMOUNT DONATED. SINCE THE PROGRAM'S BEGINNING AT THE ORGANIZATION, THE ACADEMIC YEARS OF OPERATIONS JULY 2011 JUNE 2024, "SCHOLARSHIPS FOR EDUCATION CHOICE" AWARDED APPROXIMATELY $50 MILLION TO OVER 9,000 INDIANA STUDENTS. THE ADMINISTRATIVE FEE INCOME VS. SCHOLARSHIP INCOME PERCENTAGE WAS 6.51% AND 4.65 % IN 2023 AND 2022, RESPECTIVELY. THE ORGANIZATION MEETS THE STATUTORY REQUIREMENTS AS STATED IN IC 20-51-3-3 SEC 3(3) AND DOES NOT USE MORE THAN TEN PERCENT OF THE TOTAL AMOUNT OF SCHOLARSHIP CONTRIBUTIONS FOR ADMINISTRATIVE COSTS.
COMMUNITY DEVELOPMENT - THE ORGANIZATION'S CITIZENSHIP PORTFOLIO ENGAGES CITIZENS, SCHOLARS, AND POLITICIANS TO DEVELOP COMMUNITIES WHERE ALL PEOPLE CAN THRIVE. MANY OF THE INITIATIVES HAVE A FOCUS ON CAPACITY-BUILDING FOR COMMUNITY-BASED ORGANIZATIONS.
CRIMINAL JUSTICE REFORM - THE ORGANIZATION'S CRIMINAL JUSTICE REFORM PORTFOLIO AIMS TO HELP RESCUE AND RESTORE THOSE HURT BY CRIME AND THOSE WHOSE CRIMINAL BEHAVIOR HURTS THEMSELVES AND SOCIETY. THE ORGANIZATION IS ADVANCING NEW IDEAS FOR CRIMINAL JUSTICE POLICY REFORM AND GROUND-BREAKING INNOVATIONS. A KEY INITIATIVE IS ONE HEART, A NATIONAL COLLABORATIVE INITIATIVE THAT PROVIDES MENTORS, EDUCATION AND TRAINING PROGRAMS, AND ANCILLARY ELEMENTS TO INCARCERATED AND PROBATED YOUTH, TO EQUIP THEM WITH THE NECESSARY TOOLS AND LIFE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay F Hein Chief Executive Officer | Trustee | 40 | $239,730 |
Jean Wojtowicz Director | Trustee | 1 | $0 |
Dayton Molendorp Vice Chair | OfficerTrustee | 1 | $0 |
Doug Wilson Director | Trustee | 1 | $0 |
Craig Westrick Treasurer | OfficerTrustee | 1 | $0 |
Claudia Cummings Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Secretaries Innovation Group Initiatives To Assist Leadership In Vari | 12/30/23 | $584,250 |
Stal-wert Llc Leadership Initiatives | 12/30/23 | $569,328 |
Metacx Inc Colloborative Software | 12/30/23 | $190,833 |
Thomas P Miller And Associates Llc Consulting Services And Strategic Planni | 12/30/23 | $108,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,294,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,294,843 |
| Total Program Service Revenue | $1,037,731 |
| Investment income | $350,206 |
| 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 | $1,071,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,762,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $743,080 |
| Grants and other assistance to domestic individuals. | $5,925,180 |
| Grants and other assistance to Foreign Orgs/Individuals | $79,931 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $412,438 |
| Compensation of current officers, directors, key employees. | $68,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,728,592 |
| Pension plan accruals and contributions | $94,451 |
| Other employee benefits | $239,086 |
| Payroll taxes | $228,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,917 |
| Fees for services: Accounting | $42,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,613,929 |
| Advertising and promotion | $16,827 |
| Office expenses | $1,060,796 |
| Information technology | $262,392 |
| Royalties | $0 |
| Occupancy | $71,833 |
| Travel | $205,280 |
| 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 | $1,848 |
| Insurance | $16,101 |
| All other expenses | $0 |
| Total functional expenses | $13,902,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,224,176 |
| Savings and temporary cash investments | $10,680,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $642,985 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,000 |
| Inventories for sale or use | $252,733 |
| Prepaid expenses and deferred charges | $52,818 |
| Net Land, buildings, and equipment | $247,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $101,255 |
| Intangible assets | $0 |
| Other assets | $447,792 |
| Total assets | $15,774,857 |
| Accounts payable and accrued expenses | $553,756 |
| Grants payable | $0 |
| Deferred revenue | $329,120 |
| 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 | $406,953 |
| Other liabilities | $0 |
| Total liabilities | $1,289,829 |
| Net assets without donor restrictions | $3,069,477 |
| Net assets with donor restrictions | $11,415,551 |
| 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 | $15,774,857 |
Grants Awarded
Over the last fiscal year, Sagamore Institute Inc has awarded $678,565 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INDIA COLLECTIVE PURPOSE: PAYROLL GRANTS | $56,000 |
AT WORK ON PURPOSE PURPOSE: GRANTS | $24,000 |
CENTER FOR SERVING LEADERSHIP PURPOSE: GRANTS | $569,328 |
COMMONWEALTH IMPACT FOUNDATION PURPOSE: GRANTS | $19,237 |
OSPREY RELIEF FOUNDATION PURPOSE: GRANTS | $10,000 |