Sage School Inc
- Assets
- $9.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Lawrenceville, GA
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 27-1419483
Organization Overview
Sage School Inc is located in Lawrenceville, GA. The organization was established in 2010. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Sage School Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sage School 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 06/2022, Sage School Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 11.2% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE STUDENTS WITH LEARNING DIFFICULTIES IN READING, ORGANIZATION, LANGUAGE PROCESSING AND WRITTEN EXPRESSION TO REACH THEIR MAXIMUM ACADEMIC POTENTIAL.
Describe the Organization's Program Activity:
DAY SCHOOL: SAGE SCHOOL'S THREE LARGEST SERVICE AREAS ARE THE DAY SCHOOL, TUTORING AFTER SCHOOL, AND TUTORING IN THE SUMMER. THE DAY SCHOOL'S ENROLLMENT FOR THE 2021-2022 SCHOOL YEAR WAS 84 STUDENTS. THE SCHOOL CONTINUES TO PROVIDE AN EXCELLENT EDUCATION TO STUDENTS WITH LANGUAGE BASED DIFFERENCES - MAINLY DYSLEXIA. STUDENTS WILL TYPICALLY ATTEND THE SCHOOL FOR A 2 TO 4 YEAR REMEDIATION PERIOD, OR LONGER IF NEEDED, AND THEN OUTPLACE TO THEIR OTHER PUBLIC OR PRIVATE EDUCATIONAL SETTINGS. THE STUDENTS LEARN WHAT THEY ARE DIAGNOSED WITH, HOW TO COMPENSATE FOR THEIR DIFFERENCES, AND MOVE FORWARD WITH CONFIDENCE AND THE ABILITY TO ENJOY ANY SETTING.
TUTORING: THE AFTER SCHOOL TUTORING PROGRAM OFFERS TUTORING TO STUDENTS WHO DO NOT ATTEND THE DAY SCHOOL. THIS IS A BETTER CHOICE FOR SOME STUDENTS WHO MAY NOT BE ABLE TO AFFORD THE COST OF THE FULL SCHOOL, OR DO NOT NEED THE INTENSITY OF THE FULL SCHOOL. THE SUMMER TUTORING PROGRAM IS OFFERED TO HELP THOSE STUDENTS THAT NEED TO RETAIN THE SKILLS TAUGHT DURING THE SCHOOL YEAR, AND TO KEEP THEIR SKILLS CURRENT FOR THEIR GRADE LEVEL. WE ANTICIPATE THE GROWTH OF OUR TUTORING TO CONTINUE TO RISE AS THE COMMUNITY GAINS MORE AWARENESS OF OUR SERVICES AND HOW THEY CAN HELP THEIR STUDENT. THE SUMMER TUTORING PROGRAM ALSO GIVES THE STAFF A HEAD START ON UNDERSTANDING THE CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Patton Director Of Strategic Develop. | OfficerTrustee | 40 | $115,480 |
Paul Montaperto Headmaster | Officer | 40 | $80,000 |
Sherry Cannon Principal | Officer | 40 | $78,054 |
Joe Patton Vice-Chair/ Finance & Building | Trustee | 1 | $0 |
Mark Metcalf Finance Committee | Trustee | 1 | $0 |
Bonnie Rich Legal Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,917 |
| Related organizations | $0 |
| Government grants | $291,315 |
| All other contributions, gifts, grants, and similar amounts not included above | $557,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,918 |
| Total Program Service Revenue | $2,061,651 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $759,230 |
| Net Income from Fundraising Events | -$24,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,788,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,071 |
| Compensation of current officers, directors, key employees. | $65,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $812,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $88,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,583 |
| Advertising and promotion | $16,714 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,363 |
| Travel | $441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,560 |
| Interest | $112,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,676 |
| Insurance | $27,841 |
| All other expenses | $762 |
| Total functional expenses | $1,964,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,840,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,355,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $4,981,147 |
| Investments—publicly traded securities | $627,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,807,610 |
| Accounts payable and accrued expenses | $552,601 |
| Grants payable | $0 |
| Deferred revenue | $1,882,065 |
| 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 | $4,222,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,657,378 |
| Net assets without donor restrictions | $3,113,617 |
| Net assets with donor restrictions | $36,615 |
| 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 | $9,807,610 |