Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,579,496

• 1e · Government grants (contributions)

  $7,545,074

• 1f · All other contributions, gifts and grants

  $11,624,429

• 1g · Noncash contributions included above

  $5,220

• 2a · Program service revenue: PROGRAM INCOME AND SERVICE FEES

  total $744,867 · related or exempt $744,867

• 3 · Investment income

  total $205,846 · excluded $205,846

• 6a · Gross rents

  real property $26,400

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $26,400

• 6d · Net rental income or loss

  total $26,400 · excluded $26,400

• 7a · Gross sales of assets other than inventory

  securities $3,051,060

• 7b · Less cost or other basis and sales expenses

  securities $2,768,506

• 7c · Gain or loss

  securities $282,554

• 7d · Net gain or loss

  total $282,554 · excluded $282,554

• 8a · Fundraising events: gross income

  $329,120

• 8a · Fundraising events: contributions included on line 1c

  $1,579,496

• 8b · Fundraising events: direct expenses

  $722,592

• 8c · Net income from fundraising events

  total -$393,472 · excluded -$393,472

• 11a · Other revenue: MISCELLANEOUS

  total $2,111 · excluded $2,111

• 11b · Other revenue: DEVELOPERS FEE

  total $750 · excluded $750

• 11e · Other revenue, total

  $2,861

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $274,505 · program services $274,505

• 3 · Grants to foreign organizations and individuals

  total $44,618 · program services $44,618

• 5 · Compensation of officers, directors and key employees

  total $1,549,253 · program services $1,188,699 · management and general $225,871 · fundraising $134,683

• 7 · Other salaries and wages

  total $10,267,772 · program services $8,443,107 · management and general $466,372 · fundraising $1,358,293

• 8 · Pension plan contributions

  total $378,083 · program services $311,333 · management and general $16,988 · fundraising $49,762

• 9 · Other employee benefits

  total $1,609,188 · program services $1,315,038 · management and general $88,352 · fundraising $205,798

• 10 · Payroll taxes

  total $887,205 · program services $723,565 · management and general $51,261 · fundraising $112,379

• 11b · Fees: legal

  total $250,026 · program services $238,172 · management and general $4,255 · fundraising $7,599

• 11c · Fees: accounting

  total $97,773 · management and general $97,773

• 11d · Fees: lobbying

  total $90,000 · program services $90,000

• 11e · Fees: professional fundraising services

  total $177,024 · fundraising $177,024

• 11f · Fees: investment management

  total $25,958 · management and general $25,958

• 11g · Fees: other

  total $2,168,665 · program services $2,104,319 · management and general $25,958 · fundraising $38,388

• 12 · Advertising and promotion

  total $231,606 · program services $202,851 · management and general $2,398 · fundraising $26,357

• 13 · Office expenses

  total $562,064 · program services $260,266 · management and general $1,555 · fundraising $300,243

• 14 · Information technology

  total $393,680 · program services $375,015 · management and general $6,701 · fundraising $11,964

• 16 · Occupancy

  total $451,773 · program services $422,682 · management and general $10,443 · fundraising $18,648

• 17 · Travel

  total $224,548 · program services $179,096 · management and general $10,195 · fundraising $35,257

• 19 · Conferences, conventions and meetings

  total $93,481 · program services $22,304 · management and general $67,475 · fundraising $3,702

• 20 · Interest

  total $332,685 · program services $321,785 · fundraising $10,900

• 22 · Depreciation, depletion and amortization

  total $787,615 · program services $750,273 · management and general $13,405 · fundraising $23,937

• 23 · Insurance

  total $99,769 · program services $95,039 · management and general $1,698 · fundraising $3,032

• 24a · Other expenses: INDIV., RESPITE & OTHER

  total $802,267 · program services $802,267

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $262,959 · program services $250,492 · management and general $4,475 · fundraising $7,992

• 24c · Other expenses: EQUIPMENT MAINTENANCE

  total $97,046 · program services $92,445 · management and general $1,652 · fundraising $2,949

• 24d · Other expenses: STAFF TRAINING

  total $46,106 · program services $15,657 · management and general $30,393 · fundraising $56

• 24e · All other expenses

  total $172,885 · program services $109,064 · management and general $63,821

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,243,787 · end of year $1,938,139

• 2 · Savings and temporary cash investments

  beginning of year $2,237,200 · end of year $1,188,058

• 3 · Pledges and grants receivable

  beginning of year $8,346,523 · end of year $8,843,619

• 4 · Accounts receivable

  beginning of year $411,712 · end of year $348,964

• 9 · Prepaid expenses and deferred charges

  beginning of year $378,119 · end of year $405,230

• 10a · Land, buildings and equipment: cost or other basis

  $16,927,067

• 10b · Land, buildings and equipment: accumulated depreciation

  $5,964,810

• 10c · Land, buildings and equipment, net

  beginning of year $11,730,919 · end of year $10,962,257

• 11 · Investments: publicly traded securities

  beginning of year $6,170,129 · end of year $5,823,495

• 15 · Other assets

  beginning of year $1,592,853 · end of year $1,631,493

• 17 · Accounts payable and accrued expenses

  beginning of year $1,874,188 · end of year $2,024,377

• 19 · Deferred revenue

  beginning of year $838,457 · end of year $375,871

• 23 · Secured mortgages and notes payable

  beginning of year $6,962,386 · end of year $6,720,801

• 25 · Other liabilities

  beginning of year $1,595,793 · end of year $1,649,693

• 27 · Net assets without donor restrictions

  beginning of year $16,967,732 · end of year $14,946,927

• 28 · Net assets with donor restrictions

  beginning of year $3,872,686 · end of year $5,423,586

The filer's explanations (Part III)

PART I, LINES 4A-B

IN ACCORDANCE WITH THE AGREEMENT WITH FOLLOWING EMPLOYEES, A SEVERANCE PAYMENT WAS MADE TO THEM UPON TERMINATION OF THEIR EMPLOYMENT: MARSHA BONNER, CHIEF PEOPLE & CULTURE OFFICER - $82,400 HECTOR VARGAS, ACTING CHIEF NAT'L INITIATIVES OFC. - $20,000 THESE AMOUNTS ARE A ONE-TIME PAYMENT INTENDED TO SUPPORT THE TRANSITION FOLLOWING THE EMPLOYEES DEPARTURE. THE SEVERANCE WAS NOT CONTINGENT ON PERFORMANCE OR REVENUE METRICS AND WAS CALCULATED BASED ON TENURE AND CONTRACTUAL TERMS. NO ADDITIONAL DEFERRED COMPENSATION OR NONQUALIFIED RETIREMENT PLAN BENEFITS WERE ASSOCIATED WITH THESE PAYMENTS. FOLLOWING ARE THE EMPLOYEES THAT PARTICIPATED IN THE 457B PLAN AND RECEIVED FOLLOWING EMPLOYER CONTRIBUTIONS IN 2024: MICHAEL ADAMS, CHIEF EXECUTIVE OFFICER - $44,683 LYNN FARIA, EXECUTIVE VICE PRESIDENT - $15,000 DAVID RIVERA-GARCIA, EXECUTIVE VP/CFO (UNTIL 03/25) - $14,000 CHRISTINA DACOSTA, CHIEF EXPERIENCE OFFICER - $5,000

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SAGE CROTONA

  C · REAL ESTATE · NY · 100% owned · controlled entity

  Directly controlled by SAGE