Sage Foundation
- Assets
- $47.7m
- Revenue
- $885.6k
- Investments
- $44.9m
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 03/1955
- Data as of
- 12/2022
- EIN
- 38-6041518
Organization Overview
Sage Foundation is located in Brighton, MI. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Sage 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, Sage Foundation generated $885.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sage Foundation has awarded 114 individual grants totaling $12,110,750. 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.
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 |
|---|---|---|---|
Melissa Sage Fadim Chairprson,president,secretary,treasur | 20 | $75,000 | |
Ann Sage Price Trustee | 1 | $0 | |
James E Van Doren Vice President, Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of John J Ayaub Pc | 12/30/22 | $193,080 |
Integrated Investment Consultants | 12/30/22 | $81,384 |
Clarkston Capital Partners Llc | 12/30/22 | $53,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,010,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$131,392 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,036 |
| Total Revenue | $885,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,738 |
| Interest | $0 |
| Taxes | $119,552 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,256 |
| Total operating and administrative expenses | $619,252 |
| Contributions, gifts, grants paid | $2,020,750 |
| Total expenses and disbursements | $2,640,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,655 |
| Savings and temporary cash investments | $2,729,236 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $47,684,838 |
| 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, Sage Foundation has awarded $2,020,750 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIAN COLLEGE PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL - HOCKEY PROGRAM | $7,500 |
AFTER SCHOOL MATTERS PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL | $10,000 |
AFTERIMAGE PUBLIC MEDIA PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL | $20,000 |
ADRIAN CENTER FOR THE ARTS PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL | $10,000 |
ALICE LLOYD COLLEGE PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL | $15,000 |
ALPHONSUS ACADEMY & CENTER FOR THE ARTS PURPOSE: GENERAL, CHARITABLE, EDUCATIONAL | $25,000 |