Sapientia Initiative Inc
- Assets
- $585.6k
- Revenue
- $537.3k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- Data as of
- 08/2023
- EIN
- 84-2853988
Organization Overview
Sapientia Initiative Inc is located in New York, NY. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 08/2023, Sapientia Initiative Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sapientia Initiative Inc 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 08/2023, Sapientia Initiative Inc generated $537.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $413.8k during the year ending 08/2023. 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
SAPIENTIA INITIATIVE'S MISSION IS TO INCREASE AWARENESS OF, AND ACCESS TO, THE ALEXANDER TECHNIQUE FOR ALL. THE ALEXANDER TECHNIQUE IS A WELL-ESTABLISHED EDUCATIONAL METHOD AND SOMATIC PRACTICE THAT RELEASES PATTERNS OF CHRONIC PAIN AND TENSION THAT HAVE HABITUALLY BECOME A FIXED PART OF HOW A PERSON THINKS, MOVES, BREATHES, AND ACTS IN THE WORLD. THE TECHNIQUE WORKS WITH THE MUSCULOSKELETAL AND RESPIRATORY SYSTEMS IN CONNECTION WITH COGNITIVE PROCESSES TO HELP RELIEVE CHRONIC PAIN, REDUCE STRESS, AND IMPROVE POSTURE, COORDINATION, AND BREATHING. IT IS USED BY MANY PERFORMERS FOR GREATER EASE AND ACCURACY OF MOVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONALLY CERTIFIED TEACHER TRAINING PROGRAM (1,600 HOURS COMPLETED IN A MINIMUM OF 3 YEARS, WITH A 5-TO-1 STUDENT TEACHER RATIO). THE ORGANIZATION'S TEACHER TRAINING COURSE CONTINUED TO DEVELOP, NURTURE, AND OFFER TEACHING OF THE HIGHEST STANDARDS ACCORDING TO THE PRINCIPLES OF F.M. ALEXANDER. IT PROVIDED FINANCIAL ASSISTANCE TO STUDENTS IN NEED, AND SUCCESSFULLY GRADUATED SIX NEW TEACHERS FOR NATIONAL CERTIFICATION.
ALEXANDER TECHNIQUE (AT) FACILITATION, EXPANSION, AND OUTREACH. SAPIENTIA CONTINUED TO SERVE AS A SUSTAINABLE AND EXPANDING LEARNING COMMUNITY FOR THOSE SEEKING PERSONAL GROWTH, HEALTH AND WELL-BEING THROUGH THE AT. TO THIS END, SAPIENTIA'S COMMUNITY OUTREACH PROGRAM "AT FOR ALL" PROVIDED DISCOUNTED AND NO-COST PRIVATE LESSONS TO THOSE WHO WOULD NOT HAVE OTHERWISE HAD THE OPPORTUNITY TO STUDY. WE OFFERED SEASONAL HYBRID AND IN-PERSON GROUP CLASSES FOR THE GENERAL PUBLIC, AND CONTINUED LEARNING FOR TEACHERS, VIA "SAPIENTIA SERIES". TO FACILITATE PRIVATE AT LESSONS, THE CENTER'S FULLY-EQUIPPED ROOMS WERE OFFERED FREE TO STUDENTS TRAINING TO BE TEACHERS, AND AT BELOW-MARKET RATES FOR TEACHERS AND FACULTY. FINALLY, AN UPSTATE LAND ASSET WAS MAINTAINED AS A POTENTIAL SITE FOR FUTURE RESIDENTIAL COURSES OUTSIDE OF THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanette Walsh Executive Director And Secretary | OfficerTrustee | 40 | $76,000 |
Joseph Esposito Chair, Thru 2/7/23 | OfficerTrustee | 1 | $0 |
Kelleen Kiely Interim Chair And Treasurer | OfficerTrustee | 1 | $0 |
Albert Glowasky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,935 |
| Total Program Service Revenue | $153,540 |
| Investment income | $783 |
| 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 | $537,273 |
| 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. | $72,500 |
| Compensation of current officers, directors, key employees. | $3,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,323 |
| Pension plan accruals and contributions | $1,840 |
| Other employee benefits | $7,186 |
| Payroll taxes | $11,551 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,805 |
| Fees for services: Accounting | $31,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,610 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,126 |
| Advertising and promotion | $15,116 |
| Office expenses | $6,322 |
| Information technology | $4,916 |
| Royalties | $0 |
| Occupancy | $126,957 |
| Travel | $139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,976 |
| Insurance | $3,471 |
| All other expenses | $5,323 |
| Total functional expenses | $413,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,051 |
| Savings and temporary cash investments | $249,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,248 |
| 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 | $0 |
| Net Land, buildings, and equipment | $77,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,657 |
| Total assets | $585,601 |
| Accounts payable and accrued expenses | $5,389 |
| Grants payable | $0 |
| Deferred revenue | $350 |
| 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 | $0 |
| Other liabilities | $169,957 |
| Total liabilities | $175,696 |
| Net assets without donor restrictions | $409,905 |
| 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 | $585,601 |