Sage Academy
- Assets
- $630.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn Park, MN
- Founding
- 01/2003
- Data as of
- 06/2023
- EIN
- 41-2023619
Organization Overview
Sage Academy is located in Brooklyn Park, MN. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sage Academy 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 06/2023, Sage Academy generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAGE ACADEMY SEEKS TO DEVELOP A COMMUNITY OF REFLECTIVE LEARNERS OF ACADEMIC EXCELLENCE WHO ACTIVELY PROMOTE TOLERANCE, RESPECT, AND UNDERSTANDING AS CITIZENS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAGE ACADEMY IS A STUDENT-CENTERED EDUCATIONAL SETTING PROVIDING LIFE PREPAREDNESS FOR A GLOBAL COMMUNITY AND GLOBAL ENVIRONMENT. SAGE ACADEMY SEEKS TO PROVIDE AN ACADEMIC ENVIRONMENT OF EXCELLENCE FOR SECONDARY STUDENTS WHICH ENCOURAGES LIFE-LONG LEARNING; RESPECT FOR A DIVERSE, GLOBAL COMMUNITY; AWARENESS OF THE EARTH'S LIMITED RESOURCES; AND UNDERSTANDING OF SOCIAL JUSTICE ISSUES THROUGHOUT THE WORLD.SAGE ACADEMY OFFERS:1. SMALL CLASS SIZES2. INDIVIDUALIZED LEARNING PLANS FOR EVERY STUDENT3. INNOVATING PROGRAMMING- CROSS-AGE AND INTERDISCIPLINARY CURRICULUM4. COMMUNITY-BASED, EXPERIENTIAL LEARNING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Heller Chair | OfficerTrustee | 2 | $0 |
Nick Tapio Treasurer/teacher | OfficerTrustee | 40 | $0 |
Antonio Smith Member | Trustee | 1 | $0 |
Cheri Chandler-Smith Secretary | OfficerTrustee | 2 | $0 |
Michael Elke Vice Chair | OfficerTrustee | 1 | $0 |
Amy Hollerud Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,301,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,305,615 |
| Total Program Service Revenue | $74,807 |
| Investment income | $10 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,155,408 |
| Advertising and promotion | $0 |
| Office expenses | $32,782 |
| Information technology | $20,778 |
| Royalties | $0 |
| Occupancy | $202,315 |
| Travel | $70,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,433 |
| Insurance | $11,128 |
| All other expenses | $0 |
| Total functional expenses | $1,523,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,404 |
| Savings and temporary cash investments | $5,027 |
| Pledges and grants receivable | $203,847 |
| Accounts receivable, net | $0 |
| 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 | $11,000 |
| Net Land, buildings, and equipment | $397,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $630,883 |
| Accounts payable and accrued expenses | $36,607 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $48,420 |
| Other liabilities | $352,089 |
| Total liabilities | $437,116 |
| Net assets without donor restrictions | $193,767 |
| Net assets with donor restrictions | $0 |
| 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 | $630,883 |