Civic Intelligence

Sagacious Minds

990 • Fiscal year 2019 • EIN 82-1526282

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 14, 2020

Organization Profilesagaciousminds.org
1771 E31stBrooklyn, NY 11234

(718) 813-1013

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.83x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • NTEE P99 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

2019 filings • NTEE P99 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

$297,701

No earlier filing loaded for comparison.

Net Assets

$50,301

No earlier filing loaded for comparison.

Liabilities

$247,400

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2019: $297,701Liabilities 2019: $247,400Net Assets 2019: $50,3012019Assets 2024: $306,806Liabilities 2024: $106,806Net Assets 2024: $200,0002024Assets 2025: $486,000Liabilities 2025: $300,000Net Assets 2025: $186,0002025

Highlighted filing

2019

Assets$297,701
Liabilities$247,400
Net Assets$50,301
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2025: $45,000Expenses 2025: $59,000Net Income 2025: -$14,0002025

Highlighted filing

2019

Revenue$0
Expenses$0
Net Income$0
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 14, 2020
Return Version
2019v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

education and kids with disabilities

Through a carefully designed program, sagacious minds incorporates cognitive and physical excercises to enhance development in individuals of all ages with and without disabilities. It uses classroom activities and excercise facilities such as an ice rink

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$297,701-
Total Assets$0$297,701▲ $297,701
Liabilities
Accounts Payable and Accrued Expenses-$247,400-
Total Liabilities$0$247,400▲ $247,400
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$50,301-
Total Net Assets Fund Balance$0$50,301▲ $50,301
Total Liabilities and Net Assets / Fund Balance$0$297,701▲ $297,701
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Ilya PodolskiyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Board of Directors virtually through a call discussed the tax return and form 990 prior to filing.”

Governing documents etc available to public Part VI line 19

“Any documents can be obtained upon request.”

Filing and Contact Details

Filer

Filer Name
Sagacious Minds
EIN
82-1526282
Address
1771 E31ST, Brooklyn, NY 11234

Signing Officer

Name
Ilya Podolskiy
Title
Treasurer
Phone
7188131013
Signed
2020-03-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Ilya Podolskiy Treasurer
Formed
2018
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Study Glut Inc
Address
1771 E31st Street, Brooklyn, NY 11234
Preparer
Ilya Podolskiy
Phone
7188131013
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Donations collected over the course of the year used primarily to fund the space acquired to execute the purpose of the non-profit. The space is currently in need of upgrade prior to the non-profit ability to use it for the intended purpose of working with disabled and enhancing lifestyle through physical training. Remaining funds left for the 2019 year are held to fund the maintanance costs and renovations once approved.”

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,701
Liabilities
$247,400
Net assets
$50,301
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.86$3.00$1.86$0.45$0.59$0.14
2024Detailed filing. Detailed filing data is available for this year.$3.07$1.07$2.00
2019Detailed filing. Detailed filing data is available for this year.$2.98$2.47$0.50$0.00$0.00$0.00