Saga Foundation
- Assets
- $15.8m
- Revenue
- $413.3k
- Investments
- $14.6m
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 06/1993
- Data as of
- 12/2022
- 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 12/2022, Saga Foundation generated $413.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.1% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Saga Foundation has awarded 126 individual grants totaling $6,798,525. 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 | $161,212 | |
James C Melvin Vice President/trustee | 1 | $0 | |
Julie A Johnson -Through July 2022 Vice President/trustee | 1 | $14,035 | |
Bradley E Weller Treasurer/trustee | 1 | $0 | |
Loyal A Eldridge III Secretary | 1 | $0 | |
Sherie Berger - As Of July 2022 Trustee | 1 | $14,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,490 |
| Dividends & Interest | $396,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,658 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $413,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,282 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $45,890 |
| Interest | $0 |
| Taxes | $31,290 |
| Depreciation | $1,012 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,212 |
| Printing and publications | $0 |
| Other expenses | $13,898 |
| Total operating and administrative expenses | $481,475 |
| Contributions, gifts, grants paid | $2,265,400 |
| Total expenses and disbursements | $2,746,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,197,100 |
| 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 | $4,115 |
| Other assets | $19,644 |
| Total assets | $15,806,078 |
| Accounts payable and accrued expenses | $11,225 |
| Grants payable | $538,875 |
| 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 | $550,100 |
Grants Awarded
Over the last fiscal year, Saga Foundation has awarded $2,265,400 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDHELP INC PURPOSE: OPERATING SUPPORT | $75,000 |
ABOUT-FACE PURPOSE: OPERATING SUPPORT | $45,000 |
JOBTRAIN INC PURPOSE: OPERATING SUPPORT | $355,000 |
BOYS & GIRLS CLUB OF ST HELENA PURPOSE: OPERATING SUPPORT | $35,000 |
THE FIRST TEE OF SILICON VALLEY PURPOSE: OPERATING SUPPORT | $200,000 |
WARRIOR CANINE CONNECTION INC PURPOSE: OPERATING SUPPORT | $35,000 |