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Nonprofiteer
← SAGAMORE INC

Form 990 for tax year 2023

Filed by SAGAMORE INC.

Totals

Total revenue
$16,762,794
Total expenses
$13,902,629
Contributions and grants received
$14,294,843
Grants paid
$6,748,191
Program service revenue
$1,037,731
Investment income
$350,206
Other revenue
$1,080,014
Total assets, end of year
$15,774,857
Total liabilities, end of year
$1,289,829
Net assets or fund balances, end of year
$14,485,028
Program services expenses (Part IX)
$12,723,503
Management and general expenses
$950,696
Fundraising expenses
$228,430
Program service expenses (Part III)
$12,723,503

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $14,294,843

  • 2a · Program service revenue: CONSULTING

    total $578,626 · related or exempt $528,626 · unrelated business $50,000

  • 2b · Program service revenue: PROGRAM

    total $457,000 · related or exempt $457,000

  • 2c · Program service revenue: ADMIN FEE

    total $2,105 · related or exempt $2,105

  • 3 · Investment income

    total $350,206 · excluded $350,206

  • 10a · Gross sales of inventory

    $2,590,292

  • 10b · Cost of goods sold

    $1,518,880

  • 10c · Net income from sales of inventory

    total $1,071,412 · excluded $1,071,412

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,602 · related or exempt $8,602

  • 11e · Other revenue, total

    $8,602

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $743,080 · program services $743,080

  • 2 · Grants to domestic individuals

    total $5,925,180 · program services $5,925,180

  • 3 · Grants to foreign organizations and individuals

    total $79,931 · program services $79,931

  • 5 · Compensation of officers, directors and key employees

    total $412,438 · program services $323,690 · management and general $68,384 · fundraising $20,364

  • 7 · Other salaries and wages

    total $2,728,592 · program services $2,141,453 · management and general $452,413 · fundraising $134,726

  • 8 · Pension plan contributions

    total $94,451 · program services $74,127 · management and general $15,660 · fundraising $4,664

  • 9 · Other employee benefits

    total $239,086 · program services $187,639 · management and general $39,642 · fundraising $11,805

  • 10 · Payroll taxes

    total $228,614 · program services $179,421 · management and general $37,905 · fundraising $11,288

  • 11b · Fees: legal

    total $43,917 · program services $40,640 · management and general $3,277

  • 11c · Fees: accounting

    total $42,526 · program services $39,353 · management and general $3,173

  • 11e · Fees: professional fundraising services

    total $40,000 · fundraising $40,000

  • 11g · Fees: other

    total $1,613,929 · program services $1,493,499 · management and general $120,430

  • 12 · Advertising and promotion

    total $16,827 · program services $14,671 · management and general $2,156

  • 13 · Office expenses

    total $1,060,796 · program services $920,328 · management and general $135,229 · fundraising $5,239

  • 14 · Information technology

    total $262,392 · program services $228,776 · management and general $33,616

  • 16 · Occupancy

    total $71,833 · program services $62,630 · management and general $9,203

  • 17 · Travel

    total $205,280 · program services $187,340 · management and general $17,596 · fundraising $344

  • 22 · Depreciation, depletion and amortization

    total $1,848 · program services $1,611 · management and general $237

  • 23 · Insurance

    total $16,101 · program services $14,038 · management and general $2,063

  • 24a · Other expenses: PROGRAMMING

    total $46,686 · program services $40,705 · management and general $5,981

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $29,122 · program services $25,391 · management and general $3,731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,235,024 · end of year $3,224,176

  • 2 · Savings and temporary cash investments

    beginning of year $8,356,283 · end of year $10,680,258

  • 3 · Pledges and grants receivable

    beginning of year $142,597 · end of year $0

  • 4 · Accounts receivable

    beginning of year $404,635 · end of year $642,985

  • 7 · Other notes and loans receivable

    beginning of year $425,000 · end of year $125,000

  • 8 · Inventories for sale or use

    beginning of year $510,477 · end of year $252,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,494 · end of year $52,818

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

    $1,311,248

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

    $1,063,408

  • 10c · Land, buildings and equipment, net

    beginning of year $380,397 · end of year $247,840

  • 13 · Investments: program-related

    beginning of year $176,255 · end of year $101,255

  • 15 · Other assets

    beginning of year $579,833 · end of year $447,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $495,060 · end of year $553,756

  • 19 · Deferred revenue

    beginning of year $286,976 · end of year $329,120

  • 24 · Unsecured notes and loans payable

    beginning of year $762,953 · end of year $406,953

  • 27 · Net assets without donor restrictions

    beginning of year $2,735,392 · end of year $3,069,477

  • 28 · Net assets with donor restrictions

    beginning of year $8,971,614 · end of year $11,415,551

Mission and programs · 2023

Mission

AN INDIANAPOLIS-BASED NONPROFIT, NONPARTISAN PUBLIC POLICY RESEARCH ORGANIZATION OR "THINK TANK." IT IS OUR MISSION TO RESEARCH AND ANALYZE DIFFICULT ISSUES AND TO CONNECT THE BEST IDEAS WITH LEADERS WHO CAN TRANSFORM THEM INTO SMARTER POLICY AND IMPROVED PRACTICE.

Activities or mission (Part I)

MULTIPLY THE EFFECTIVENESS OF POLICY AND SOCIAL ENTREPRENEURS THROUGH RESEARCH AND CONSULTING

  • EDUCATION THE EDUCATIONAL OPPORTUNITIES PROGRAM SERVES THE J1 VISA PROGRAM, WHICH ISSUES VISAS AND MONITORS HIGHLY-QUALIFIED INTERNATIONAL TEACHERS WHO COME TO THE USA TO TEACH. IT ALSO OPERATES SCHOLARSHIPS FOR EDUCATION CHOICE, AN INDIANA SCHOLARSHIP GRANTING ORGANIZATION WHICH GRANTS SCHOLARSHIPS SO THAT STUDENTS CAN ATTEND THE SCHOOL OF THEIR CHOICE. TO RAISE THE FUNDS NECESSARY TO AWARD THE SCHOLARSHIPS, THE ORGANIZATION IS ABLE TO OFFER INDIVIDUAL AND BUSINESS DONORS A STATE TAX CREDIT EQUAL TO FIFTY PERCENT (50%) OF THE AMOUNT DONATED. SINCE THE PROGRAM'S BEGINNING AT THE ORGANIZATION, THE ACADEMIC YEARS OF OPERATIONS JULY 2011 JUNE 2024, "SCHOLARSHIPS FOR EDUCATION CHOICE" AWARDED APPROXIMATELY $50 MILLION TO OVER 9,000 INDIANA STUDENTS. THE ADMINISTRATIVE FEE INCOME VS. SCHOLARSHIP INCOME PERCENTAGE WAS 6.51% AND 4.65 % IN 2023 AND 2022, RESPECTIVELY. THE ORGANIZATION MEETS THE STATUTORY REQUIREMENTS AS STATED IN IC 20-51-3-3 SEC 3(3) AND DOES NOT USE MORE THAN TEN PERCENT OF THE TOTAL AMOUNT OF SCHOLARSHIP CONTRIBUTIONS FOR ADMINISTRATIVE COSTS.

    Expenses $6,439,354 · Grants $5,922,976 · Revenue $8,331,887

  • COMMUNITY DEVELOPMENT - THE ORGANIZATION'S CITIZENSHIP PORTFOLIO ENGAGES CITIZENS, SCHOLARS, AND POLITICIANS TO DEVELOP COMMUNITIES WHERE ALL PEOPLE CAN THRIVE. MANY OF THE INITIATIVES HAVE A FOCUS ON CAPACITY-BUILDING FOR COMMUNITY-BASED ORGANIZATIONS.

    Expenses $1,067,085 · Grants $597,827

  • CRIMINAL JUSTICE REFORM - THE ORGANIZATION'S CRIMINAL JUSTICE REFORM PORTFOLIO AIMS TO HELP RESCUE AND RESTORE THOSE HURT BY CRIME AND THOSE WHOSE CRIMINAL BEHAVIOR HURTS THEMSELVES AND SOCIETY. THE ORGANIZATION IS ADVANCING NEW IDEAS FOR CRIMINAL JUSTICE POLICY REFORM AND GROUND-BREAKING INNOVATIONS. A KEY INITIATIVE IS ONE HEART, A NATIONAL COLLABORATIVE INITIATIVE THAT PROVIDES MENTORS, EDUCATION AND TRAINING PROGRAMS, AND ANCILLARY ELEMENTS TO INCARCERATED AND PROBATED YOUTH, TO EQUIP THEM WITH THE NECESSARY TOOLS AND LIFE SKILLS.

    Expenses $1,507,700

  • POLICY REFORM - THE ORGANIZATION IS HOST TO SEVERAL POLICY REFORM PROGRAMS WHICH FOCUS ON STATE PROGRAM INNOVATIONS THAT FAVOR HEALTHY FAMILIES, WORK, ECONOMIC SUSTAINABILITY, BUDGET RESPONSIBILITY, ETC. THERE IS ALSO A CONCENTRATION ON POLICY REFORM REGARDING EDUCATION CHOICE.

    Expenses $830,896

  • MINORITY ENTREPRENURSHIP - THE MINORITY ENTREPRENEURSHIP PROGRAM AT THE ORGANIZATION PARTNERS WITH THE MINORITY ENTREPRENURSHIP INSTITUTE, INNOPWER, COHATCH, AND OTHER, TO HELP CLOSE THE WEALTH GAP IN AMERICA BY ACCELERATING HIGH-GROWTH ENTREPRENEURSHIP, SMALL BUSINESS SUPPORT, AND IMPACT INVESTING.

    Expenses $631,788 · Grants $81,457

  • PURPOSEFUL DESIGN - PURPOSEFUL DESIGN SELLS FURNITURE CRAFTED BY PROGRAM PARTICIPANTS AND ANY PROFITS ARE RE-INVESTED INTO THE PROGRAM TO HELP REBUILD LIVES OF INDIVIDUALS BROKEN BY ADDICTION OR HOMELESSNESS, EQUIP THEM WITH VALUABLE WORK AND LIFE SKILLS, AND PROVIDE THEM A JOB BUILDING FURNITURE. PURPOSEFUL DESIGN IS A WHOLLY OWNED SUBSIDIARY OF THE ORGANIZATION.

    Expenses $1,457,649

  • INTERNATIONAL DEVELOPMENT - THE ORGANIZATION HAS SCHOLAR-PRACTITIONERS THAT SEEK TO DELIVER WISE COUNSEL TO A WORLD IN PROGRESS. SPECIFICALLY IN LIBERIA, ISRAEL, INDIA, AND RWANDA ARE VARIOUS INITIATIVES THAT WORK TOWARD ENCOURAGING COMMUNITY PROSPERITY AND FLOURISHING.

    Expenses $234,818 · Grants $135,931

  • OTHER PROGRAMS - THESE EXPENDITURES RELATE TO IMPACT INVESTING THROUGH DONOR ADVISED FUNDS, OTHER SMALLER PROJECTS, AND GENERAL AND ADMINISTRATIVE SALARIES THAT RELATE TO PROGRAM MANAGEMENT BUT ARE NOT ALLOCATED TO SPECIFIC PROGRAMS.

    Expenses $554,213 · Grants $10,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jay F Hein

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $265,446
    From this org
    $239,730
    From related orgs
    $0
    Other
    $25,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,730
    Bonus
    $0
    Other
    $0
    Deferred
    $17,873
    Nontaxable benefits
    $7,843
    Filer's total
    $265,446

  • Jean Wojtowicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dayton Molendorp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Doug Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Westrick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Claudia Cummings

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Katie Mote

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sam Odle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Barber

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Earl Phalen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rich Westlake

    CHIEF FINANCIAL OFFICER

    Total calculated
    $91,609
    From this org
    $84,365
    From related orgs
    $0
    Other
    $7,244
    Hours/week
    40

  • Teresa Lubbers

    PRESIDENT

    Total calculated
    $186,009
    From this org
    $172,708
    From related orgs
    $0
    Other
    $13,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,708
    Bonus
    $0
    Other
    $0
    Deferred
    $12,833
    Nontaxable benefits
    $468
    Filer's total
    $186,009

  • Blair Milo

    DIR - CENTER TALENT & OPPO

    Total calculated
    $151,656
    From this org
    $148,940
    From related orgs
    $0
    Other
    $2,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,940
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,716
    Filer's total
    $151,656

  • Laurel Vandenberg

    DIRECTOR - EDUCATIONAL OPPORTUNITIES

    Total calculated
    $112,873
    From this org
    $100,947
    From related orgs
    $0
    Other
    $11,926
    Hours/week
    40

  • Daniel M Cahalen

    SENIOR FELLOW

    Total calculated
    $144,825
    From this org
    $144,311
    From related orgs
    $0
    Other
    $514
    Hours/week
    40

  • Brian Schmidt

    MANAGER - PURPOSEFUL DESIGN, LLC

    Total calculated
    $139,923
    From this org
    $139,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Palmer

    MANAGER - PURPOSEFUL DESIGN, LLC

    Total calculated
    $133,215
    From this org
    $133,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SAGAMORE INVESTMENTS LLC

    FACILITATE MISSION RELATED INVESTMENTS · IN · income -$68,510 · assets $249,008

  • PURPOSEFUL DESIGN LLC

    PROVIDING JOBS AND REVENUE FOR PRIMARY MISSION OF REBUILDING LIVES · IN · income -$243,739 · assets $5,916,539

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.1
Source object
202432689349301213

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