Civic Intelligence

Lynn Sage Breast Cancer Foundation

EIN 36-3727715 • 501(c)3 • Chicago, IL

Profile

To eradicate breast cancer by investing in early career practitioners and innovative research.

3023 North Clark Street Suite 139Chicago, IL 60657

www.lynnsage.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$157,500

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

86th percentile

29%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

74%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,343,105

Up $1,883,430 (+29%) from 2023

Liabilities

Down

$24,914

Down $190,942 (-88%) from 2023

Net Assets

Up

$8,318,191

Up $2,074,372 (+33%) from 2023

Revenue

Up

$3,864,106

Up $1,641,406 (+74%) from 2023

Expenses

Up

$2,157,942

Up $504,258 (+30%) from 2023

Net Income

Up

$1,706,164

Up $1,137,148 (+200%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $3,337,052Liabilities 2010: $1,634,791Net Assets 2010: $1,702,2612010Assets 2011: $3,348,142Liabilities 2011: $1,818,415Net Assets 2011: $1,529,7272011Assets 2012: $3,426,639Liabilities 2012: $1,076,500Net Assets 2012: $2,350,1392012Assets 2013: $3,981,730Liabilities 2013: $3,207,617Net Assets 2013: $774,1132013Assets 2014: $4,291,651Liabilities 2014: $2,273,887Net Assets 2014: $2,017,7642014Assets 2015: $4,559,434Liabilities 2015: $1,327,726Net Assets 2015: $3,231,7082015Assets 2016: $3,607,582Liabilities 2016: $2,188,167Net Assets 2016: $1,419,4152016Assets 2017: $3,130,485Liabilities 2017: $643,060Net Assets 2017: $2,487,4252017Assets 2018: $2,953,136Liabilities 2018: $8,547Net Assets 2018: $2,944,5892018Assets 2019: $3,672,767Liabilities 2019: $2,453Net Assets 2019: $3,670,3142019Assets 2020: $4,090,701Liabilities 2020: $0Net Assets 2020: $4,090,7012020Assets 2021: $6,202,137Liabilities 2021: $103,200Net Assets 2021: $6,098,9372021Assets 2022: $5,519,974Liabilities 2022: $300,000Net Assets 2022: $5,219,9742022Assets 2023: $6,459,675Liabilities 2023: $215,856Net Assets 2023: $6,243,8192023Assets 2024: $8,343,105Liabilities 2024: $24,914Net Assets 2024: $8,318,1912024

Highlighted filing

2024

Assets$8,343,105
Liabilities$24,914
Net Assets$8,318,191

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $529,0022010Expenses 2011: $1,142,1372011Expenses 2012: $852,6972012Revenue 2013: $1,647,314Expenses 2013: $3,219,141Net Income 2013: -$1,571,8272013Revenue 2014: $1,479,624Expenses 2014: $237,125Net Income 2014: $1,242,4992014Revenue 2015: $1,510,250Expenses 2015: $248,450Net Income 2015: $1,261,8002015Revenue 2016: $1,159,696Expenses 2016: $3,035,262Net Income 2016: -$1,875,5662016Revenue 2017: $1,167,474Expenses 2017: $245,075Net Income 2017: $922,3992017Revenue 2018: $1,361,162Expenses 2018: $687,351Net Income 2018: $673,8112018Revenue 2019: $1,322,384Expenses 2019: $871,607Net Income 2019: $450,7772019Revenue 2020: $930,159Expenses 2020: $638,070Net Income 2020: $292,0892020Revenue 2021: $2,129,193Expenses 2021: $1,032,739Net Income 2021: $1,096,4542021Revenue 2022: $1,163,257Expenses 2022: $1,567,056Net Income 2022: -$403,7992022Revenue 2023: $2,222,700Expenses 2023: $1,653,684Net Income 2023: $569,0162023Revenue 2024: $3,864,106Expenses 2024: $2,157,942Net Income 2024: $1,706,1642024

Highlighted filing

2024

Revenue$3,864,106
Expenses$2,157,942
Net Income$1,706,164

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.34$0.02$8.32$3.86$2.16$1.71
2023Detailed filing. Detailed filing data is available for this year.$6.46$0.22$6.24$2.22$1.65$0.57
2022Detailed filing. Detailed filing data is available for this year.$5.52$0.30$5.22$1.16$1.57$0.40
2021Detailed filing. Detailed filing data is available for this year.$6.20$0.10$6.10$2.13$1.03$1.10
2020Detailed filing. Detailed filing data is available for this year.$4.09$0.00$4.09$0.93$0.64$0.29
2019Detailed filing. Detailed filing data is available for this year.$3.67$0.00$3.67$1.32$0.87$0.45
2018Detailed filing. Detailed filing data is available for this year.$2.95$0.01$2.94$1.36$0.69$0.67
2017Detailed filing. Detailed filing data is available for this year.$3.13$0.64$2.49$1.17$0.25$0.92
2016Detailed filing. Detailed filing data is available for this year.$3.61$2.19$1.42$1.16$3.04$1.88
2015Detailed filing. Detailed filing data is available for this year.$4.56$1.33$3.23$1.51$0.25$1.26
2014Detailed filing. Detailed filing data is available for this year.$4.29$2.27$2.02$1.48$0.24$1.24
2013Detailed filing. Detailed filing data is available for this year.$3.98$3.21$0.77$1.65$3.22$1.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$1.08$2.35$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$1.82$1.53$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$1.63$1.70$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 9, 2025
Return Version
2024v5.0
Gross Receipts
$4,080,522
Mission and Program Overview

Mission

The foundation supports innovative contributions to the understanding, research, and treatment of breast cancer, in partnership with northwestern memorial hospital and the robert h. Lurie comprehensive cancer center of northwestern university.

To eradicate breast cancer by investing in early career doctors and innovative research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,948,460$6,862,173▲ $1,913,713
Cash and Non-Interest-Bearing Accounts$1,223,393$1,094,230▼ $129,163
Savings and Temporary Cash Investments$207,535$217,783▲ $10,248
Pledges and Grants Receivable$65,376$160,000▲ $94,624
Prepaid Expenses and Deferred Charges$14,911$8,919▼ $5,992
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,459,675$8,343,105▲ $1,883,430
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$200,000$0▼ $200,000
Accounts Payable and Accrued Expenses$15,856$24,914▲ $9,058
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities-$0-
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$215,856$24,914▼ $190,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,243,819$8,218,191▲ $1,974,372
Net Assets With Donor Restrictions$0$100,000▲ $100,000
Total Net Assets Fund Balance$6,243,819$8,318,191▲ $2,074,372
Total Liabilities and Net Assets / Fund Balance$6,459,675$8,343,105▲ $1,883,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura SageInterim Executive Director and TreasurerFT$157,500$157,500
Kirstin ChernawskyExecutive DirectorFT$68,044$68,044
Pamela LewisExecutive DirectorFT$32,667$32,667

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,090,919
Program Service Revenue
$0
Investment Income
$198,332
Other Revenue
$574,855
All Other Contributions
$3,090,919
Change in Net Assets
$1,706,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,822,608
Revenue Not Reported on Financial Statements
$41,498
Revenue Not Reported on Form 990
$626,122
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,448,730
Total Revenue per Form 990
$3,864,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,704,380
Salaries, Compensation, and Employee Benefits$453,562
Total Fundraising Expense$326,899
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$23,740$323,748$87,758$435,246
Fees for Services Management$0$217,447$43,545$260,992
Advertising$0$31,579$158,686$190,265
Occupancy$0$40,999$0$40,999
Insurance$0$25,621$0$25,621
Office Expenses$0$8,844$15,548$24,392
Payroll Taxes$1,816$9,787$6,713$18,316
Conferences and Meetings$0$16,253$0$16,253
Travel$0$5,321$0$5,321
Other Expenses$0$619$0$619
Total Functional Expenses$1,150,825$680,218$326,899$2,157,942

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,374,358
Expenses per Audited Statements$2,157,942
Total Expenses per Form 990$2,157,942
Expenses Not Reported on Form 990$216,416
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$791,271
Fundraising Direct Expenses$216,416
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$791,271$791,271$216,416$574,855
Total Events$791,271$791,271$216,416$574,855
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Laura Sage and Halee Sage are sisters.

Form 990, Part VI, Section B, Line 11B

A draft of the IRS Form 990 is circulated to the Finance Committee on behalf of the Board members for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest statements are signed by each board member.

Form 990, Part VI, Section B, Line 15

The Board of Directors approved compensation of the executive director and uses comparative analysis of similar nonprofit organizations as a benchmark for such compensation granted.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest disclosures, financial statements and IRS form 990's are made available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Lynn Sage Breast Cancer Foundation
EIN
36-3727715
Phone
3122522502
Address
3023 North Clark Street Suite 139, Chicago, IL 60657

Signing Officer

Name
Laura Sage
Title
Treasurer
Phone
3122522502
Signed
2025-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Sage
Formed
1985
Legal Domicile
Il
Voting Board Members
35
Independent Board Members
35
Employees
5
Volunteers
35

Preparer

Firm
Icl LLC
Address
11 East Adams Street Suite 1650, Chicago, IL 60603
Preparer
James Hill
Phone
8003071008
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

The Organization is a tax-exempt organization under Section 501(c) (3) of the Internal Revenue Code. The Organization follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, The Organization may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of The Organization and various positions related to potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting period presented in the financial statements. The Organization files Form 990 in the U.S. federal jurisdiction and the State of Illinois.

Schedule D, Part XI, Line 2D

Special Event Expenses

Schedule D, Part XII, Line 2D

Special Event Expenses

Raw XML AppendixShowing 400 of 849 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Kirstin Chernawsky
IRS990/Form990PartVIISectionAGrp/PersonNm2Pamela Lewis
IRS990/Form990PartVIISectionAGrp/PersonNm3Halee Sage
IRS990/Form990PartVIISectionAGrp/PersonNm4Kristin Wolf
IRS990/Form990PartVIISectionAGrp/PersonNm5Elizabeth Schubert
IRS990/Form990PartVIISectionAGrp/PersonNm6John Barsella
IRS990/Form990PartVIISectionAGrp/PersonNm7Janika Brenner
IRS990/Form990PartVIISectionAGrp/PersonNm8Jill Cotseones
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IRS990/Form990PartVIISectionAGrp/PersonNm10Meredith Soren Freese
IRS990/Form990PartVIISectionAGrp/PersonNm11Megan Goldish
IRS990/Form990PartVIISectionAGrp/PersonNm12Dayna Goldstein
IRS990/Form990PartVIISectionAGrp/PersonNm13Chloe Ifergan
IRS990/Form990PartVIISectionAGrp/PersonNm14Kathy Josephson
IRS990/Form990PartVIISectionAGrp/PersonNm15Brian Kirk
IRS990/Form990PartVIISectionAGrp/PersonNm16Kristin Klein
IRS990/Form990PartVIISectionAGrp/PersonNm17Molly Kovler
IRS990/Form990PartVIISectionAGrp/PersonNm18Eva Laser
IRS990/Form990PartVIISectionAGrp/PersonNm19Kosta Loukas
IRS990/Form990PartVIISectionAGrp/PersonNm20Seema Venkatachalam Malkani
IRS990/Form990PartVIISectionAGrp/PersonNm21Sylvia Michas
IRS990/Form990PartVIISectionAGrp/PersonNm22Alison Mitchell
IRS990/Form990PartVIISectionAGrp/PersonNm23Kate Nash
IRS990/Form990PartVIISectionAGrp/PersonNm24Anna O'Connor
IRS990/Form990PartVIISectionAGrp/PersonNm25Paul O'Keefe
IRS990/Form990PartVIISectionAGrp/PersonNm26Rebecca Richman
IRS990/Form990PartVIISectionAGrp/PersonNm27Sarah Rudich
IRS990/Form990PartVIISectionAGrp/PersonNm28Dana Sanders
IRS990/Form990PartVIISectionAGrp/PersonNm29Lora Schatz
IRS990/Form990PartVIISectionAGrp/PersonNm30Audrey Selin
IRS990/Form990PartVIISectionAGrp/PersonNm31Rachel Sher
IRS990/Form990PartVIISectionAGrp/PersonNm32Kendra Shiffman
IRS990/Form990PartVIISectionAGrp/PersonNm33Ronna Isaacs-Stolman
IRS990/Form990PartVIISectionAGrp/PersonNm34Sheri Whitko
IRS990/Form990PartVIISectionAGrp/PersonNm35Zachary Zisook
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Interim Executive Director and Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director

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