Seven Sages Foundation
- Assets
- $1.2k
- Revenue
- $7.0k
- Investments
- $983.0
- Employees
- 0
- Location
- Free Union, VA
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-3780289
Organization Overview
Seven Sages Foundation is located in Free Union, VA. The organization was established in 2019. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Sages 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, Seven Sages Foundation generated $7.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (61.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Sinnenberg Trustee | 0 | $0 | |
Cassi B Handler Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,659 |
| Dividends & Interest | $6,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,020 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,461 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,725 |
| Total operating and administrative expenses | $5,186 |
| Contributions, gifts, grants paid | $1,519,541 |
| Total expenses and disbursements | $1,524,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206 |
| 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 | $983 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,189 |
| 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, Seven Sages Foundation has awarded $1,519,541 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EDWINS FOUNDATION PURPOSE: CHARITABLE PURPOSE | $25,000 |
FRIENDS OF BREAKTHROUGH SCHOOLS PURPOSE: CHARITABLE PURPOSE | $26,000 |
LAVA FOUNDATION PURPOSE: CHARITABLE PURPOSE. | $80,000 |
REGISBETH DONOR ADVISED FUND AT VANGUARD PURPOSE: CHARITABLE PURPOSE. | $1,388,541 |