Form 990 for tax year 2022
Filed by SAGES EDUCATION AND RESEARCH FOUNDATION.
Totals
- Total revenue
- $1,224,016
- Total expenses
- $1,077,761
- Contributions and grants received
- $659,977
- Grants paid
- $904,551
- Program service revenue
- $0
- Investment income
- $559,718
- Other revenue
- $4,321
- Total assets, end of year
- $13,637,749
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $13,637,749
- Program services expenses (Part IX)
- $904,551
- Management and general expenses
- $173,210
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $904,551
Program services were 83.9% 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
$25,000
-
1f · All other contributions, gifts and grants
$634,977
-
3 · Investment income
total $285,272 · excluded $285,272
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $274,446
-
7c · Gain or loss
securities $274,446
-
7d · Net gain or loss
total $274,446 · excluded $274,446
-
8a · Fundraising events: gross income
$22,390
-
8a · Fundraising events: contributions included on line 1c
$25,000
-
8b · Fundraising events: direct expenses
$18,434
-
8c · Net income from fundraising events
total $3,956 · excluded $3,956
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$365
-
10c · Net income from sales of inventory
total $365 · excluded $365
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $899,551 · program services $899,551
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
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 $2,810 · management and general $2,810
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $81,861 · management and general $81,861
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,922 · management and general $1,922
-
14 · Information technology
total $1,000 · management and general $1,000
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $1,479 · management and general $1,479
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,353 · management and general $1,353
-
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 $5,760 · management and general $5,760
-
24b · Other expenses: Postage and Shipping
total $650 · management and general $650
-
24c · Other expenses: foreign tax paid
total $536 · management and general $536
-
24d · Other expenses: Printing and Publications
total $339 · management and general $339
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $452,079 · end of year $647,390
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $116,474 · end of year $70,399
-
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 $15,059,238 · end of year $12,919,960
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $15,627,791 · end of year $13,637,749
Mission and programs · 2022
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 $904,551
As filed on the 2022 return.
Listed in Part VII
-
Steve Schwaitzberg McSTEVE SCHWAITZBERG MC
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Nathaniel J Soper MDNATHANIEL J SOPER MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward H Phillips MDEDWARD H PHILLIPS MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary Vitale MDGARY VITALE MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sherry Wren MDSHERRY WREN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel Jones MDDANIEL JONES MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Manabu Yamamoto MDMANABU YAMAMOTO MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Marina Kurian MDMARINA KURIAN MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kenric Murayama MDKENRIC MURAYAMA MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John HunterMD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward Moreno MDEDWARD MORENO MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michel Gagner MDMICHEL GAGNER MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Steven D Wexner MDSTEVEN D WEXNER MD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael R Marohn MDMICHAEL R MAROHN MD
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Stephen W Unger MD
President
- Total calculated
- $0
- Hours/week
- 2
-
L Michael Brunt MDL MICHAEL BRUNT MD
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Tonia Young-FadokTONIA YOUNG-FADOK
Treasurer
- 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
-
$899,551
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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349309561
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