Saga Foundation
- Assets
- $17.8m
- Revenue
- $2.2m
- Investments
- $15.7m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 38-3097160
Organization Overview
Saga Foundation is located in Kalamazoo, MI. The organization was established in 1993. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Saga 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 12/2021, Saga Foundation generated $2.2m in total revenue. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 90.0% 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 2018, Saga Foundation has awarded 118 individual grants totaling $5,865,625. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Bartoshuk President/trustee | 1 | $151,800 | |
Julie A Johnson Vice President/trustee | 1 | $21,152 | |
James C Melvin Vice President/trustee | 1 | $0 | |
Bradley E Weller Treasurer/trustee | 1 | $0 | |
Loyal A Eldridge III Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,178,615 |
| Interest on Savings | $101 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $247 |
| Total Revenue | $2,178,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $172,952 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $43,443 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,044 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,282 |
| Printing and publications | $0 |
| Other expenses | $14,941 |
| Total operating and administrative expenses | $256,887 |
| Contributions, gifts, grants paid | $1,886,600 |
| Total expenses and disbursements | $2,143,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,051,842 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,217 |
| Other assets | $0 |
| Total assets | $17,766,736 |
| Accounts payable and accrued expenses | $10,561 |
| Grants payable | $166,650 |
| 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 | $177,211 |
Grants Awarded
Over the last fiscal year, Saga Foundation has awarded $1,886,600 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Kalamazoo, MI PURPOSE: OPERATING SUPPORT | $240,000 |
Menlo Park, CA PURPOSE: OPERATING SUPPORT | $157,000 |
THE FIRST TEE OF SILICON VALLEY PURPOSE: OPERATING SUPPORT | $150,000 |
Redwood City, CA PURPOSE: OPERATING SUPPORT | $140,000 |
Washington, DC PURPOSE: OPERATING SUPPORT | $125,000 |
Redwood City, CA PURPOSE: OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Glen At St Joseph Dayton, OH | $19,520,405 | $4,747,418 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Jerry And Laura Jacobson Foundation Inc Sugarcreek, OH | $0 | $911,608 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Saga Foundation Kalamazoo, MI | $17,766,736 | $2,178,963 |
Issachar Fund Grand Rapids, MI | $35,287,107 | $1,992,611 |
Charley Creek Foundation Inc Wabash, IN | $33,142,030 | $2,206,406 |
Lucy R Buechner Corp Youngstown, OH | $25,806,866 | $1,668,625 |
Here To Help Foundation Royal Oak, MI | $4,136,614 | $1,604,288 |
Stephen A Comunale Jr Charitable Foundation Akron, OH | $4,553,642 | $1,944,258 |
Daniel J Kobasic Foundation Escanaba, MI | $20,407,296 | $7,855,085 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |