Form 990 for tax year 2025
Filed by SAGES EDUCATION AND RESEARCH FOUNDATION.
Totals
- Total revenue
- $1,329,762
- Total expenses
- $1,212,394
- Contributions and grants received
- $384,074
- Grants paid
- $1,028,876
- Program service revenue
- $0
- Investment income
- $936,648
- Other revenue
- $9,040
- Total assets, end of year
- $15,941,859
- Total liabilities, end of year
- $27,742
- Net assets or fund balances, end of year
- $15,914,117
- Program services expenses (Part IX)
- $1,028,876
- Management and general expenses
- $183,518
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,028,876
Program services were 84.9% 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.
-
1c · Fundraising events
$6,500
-
1d · Related organizations
$58,788
-
1f · All other contributions, gifts and grants
$318,786
-
3 · Investment income
total $936,648 · related or exempt $582,501 · excluded $354,147
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$51,340
-
8a · Fundraising events: contributions included on line 1c
$6,500
-
8b · Fundraising events: direct expenses
$42,300
-
8c · Net income from fundraising events
total $9,040 · excluded $9,040
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,016,902 · program services $1,016,902
-
2 · Grants to domestic individuals
total $11,974 · program services $11,974
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $75,500 · management and general $75,500
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,197 · management and general $3,197
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $93,181 · management and general $93,181
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,114 · management and general $2,114
-
14 · Information technology
total $1,000 · management and general $1,000
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $174 · management and general $174
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,112 · management and general $1,112
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Merchant fees
total $4,612 · management and general $4,612
-
24b · Other expenses: foreign tax paid
total $2,628 · management and general $2,628
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $295,633 · end of year $495,997
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $81,416 · end of year $57,526
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $14,451,912 · end of year $15,188,336
-
12 · Investments: other securities
beginning of year $200,000 · end of year $200,000
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $3,197
-
19 · Deferred revenue
beginning of year $5,600 · end of year $24,545
-
31 · Retained earnings, endowment or other funds
beginning of year $15,023,361 · end of year $15,914,117
Mission and programs · 2025
Mission
The mission of the foundation is to advance endoscopic, laparoscopic and emerging minimal access surgical methods and to maintain the highest possible quality of care by supporting reproducible scientific research, graduate and postgraduate education, and public information.
-
To advance endoscopic, laparoscopic and emerging minimal access surgical methods and to maintain the highest possible quality of care by supporting reproducible scientific research, graduate and post graduate education and public information.
Expenses $1,028,876
As filed on the 2025 return.
Listed in Part VII
-
Adnan Alseidi MDADNAN ALSEIDI MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve Schwaitzberg MDSTEVE SCHWAITZBERG MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Horacio Asbun MDHORACIO ASBUN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin El-Hayek MDKEVIN EL-HAYEK MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jake Greenberg MDJAKE GREENBERG MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Anne Lidor MDANNE LIDOR MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel Jones MDDANIEL JONES MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Eduardo Moreno MDEDUARDO MORENO MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Marina Kurian MDMARINA KURIAN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Danielle Walsh MDDANIELLE WALSH MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Leena Khaitan MDLEENA KHAITAN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rohan Jeyaraja MDROHAN JEYARAJA MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric Pauli MDERIC PAULI MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Aurora Pryor MDAURORA PRYOR MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Liane Feldman MDLIANE FELDMAN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Adrian Park MDADRIAN PARK MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca Peterson MDREBECCA PETERSON MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John Romanelli MDJOHN ROMANELLI MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Don Selzer MDDON SELZER MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat Sylla MDPAT SYLLA MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Nathaniel J Soper MDNATHANIEL J SOPER MD
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
L Michael Brunt MDL MICHAEL BRUNT MD
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Tonia Young-FadokTONIA YOUNG-FADOK
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel Scott MDDANIEL SCOTT MD
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
-
$1,016,902
MEDICAL RESEARCH GRANTS/COURSES
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501 C6 · PROVIDE HIGH QUALITY EDUCA/TRAINING TO ENDOSCOPIC SURGEONS · CA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 22 September 2026
- IRS schema version
- 2025v4.1
- Source object
- 202612659349300926
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