Civic Intelligence

Sage Institute for Psychedelic Therapy

990 • Fiscal year 2020 • EIN 84-2480193

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 15, 2021

444 34th StreetOakland, CA 94609

(510) 929-0222

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

73rd percentile

24%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$2,606

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$48,404

No earlier filing loaded for comparison.

Net Assets

$47,949

No earlier filing loaded for comparison.

Liabilities

$455

No earlier filing loaded for comparison.

Revenue

$142,662

No earlier filing loaded for comparison.

Expenses

$108,469

No earlier filing loaded for comparison.

Net Income

$34,193

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $48,404Liabilities 2020: $455Net Assets 2020: $47,9492020Assets 2021: $472,340Liabilities 2021: $91,360Net Assets 2021: $380,9802021Assets 2022: $268,267Liabilities 2022: $27,456Net Assets 2022: $240,8112022Assets 2023: $272,819Liabilities 2023: $137,759Net Assets 2023: $135,0602023Assets 2024: $140,848Liabilities 2024: $34,485Net Assets 2024: $106,3632024

Highlighted filing

2020

Assets$48,404
Liabilities$455
Net Assets$47,949

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $142,662Expenses 2020: $108,469Net Income 2020: $34,1932020Revenue 2021: $826,637Expenses 2021: $493,606Net Income 2021: $333,0312021Revenue 2022: $704,887Expenses 2022: $845,056Net Income 2022: -$140,1692022Revenue 2023: $667,909Expenses 2023: $823,660Net Income 2023: -$155,7512023Revenue 2024: $761,012Expenses 2024: $789,709Net Income 2024: -$28,6972024

Highlighted filing

2020

Revenue$142,662
Expenses$108,469
Net Income$34,193
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 15, 2021
Return Version
2019v5.0
Gross Receipts
$143,909
Mission and Program Overview

Mission

Sage Institute provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,726$46,396▲ $43,670
Prepaid Expenses and Deferred Charges-$408-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,326$48,404▲ $44,078
Other Assets Total$1,600$1,600→ $0
Liabilities
Unsecured Notes Loans Payable$5,000--
Accounts Payable and Accrued Expenses-$455-
Total Liabilities$5,000$455▼ $4,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-674$47,949▲ $48,623
Total Net Assets Fund Balance$-674$47,949▲ $48,623
Total Liabilities and Net Assets / Fund Balance$4,326$48,404▲ $44,078
Compensation and Service Providers

Employees

NameTitleBaseTotal
Irina AlexanderTreasurer$2,606$2,606

Board Members and Trustees

NameTitle
Dr Genesee HerzbergChairman
Kat ConourChairman
Charlie BathgateDirector
Greg KearnsDirector
Ismael AliDirector
Jesse HudsonDirector
Sangeeta FernandesDirector
Sylver QuevedoDirector
Heather ValdezSecretary
Mark GrantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$57,802
Program Service Revenue
$77,507
Investment Income
$0
Other Revenue
$7,353
All Other Contributions
$49,459
Change in Net Assets
$34,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,662
Revenue Not Reported on Form 990
$78,477
Total Revenue per Audited Statements
$221,139
Total Revenue per Form 990
$142,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$73,470
Other Expenses$34,999
Total Fundraising Expense$12,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$19,496$12,332$9,003$40,831
Other Salaries and Wages$25,079--$25,079
Occupancy$10,754$2,532$1,342$14,628
Payroll Taxes$3,611$736$611$4,958
Insurance$3,297$776$411$4,484
Fees for Services Other$4,350--$4,350
Other Employee Benefits$1,895$386$321$2,602
Office Expenses$458$1,268$81$1,807
Fees for Services Accounting-$1,407-$1,407
Information Technology$869$122$26$1,017
Other Expenses$248$59$31$338
Advertising$161-$162$323
Travel$38$99-$137
Total Functional Expenses$75,138$20,734$12,597$108,469

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$172,516
Expenses per Audited Statements$108,469
Total Expenses per Form 990$108,469
Expenses Not Reported on Form 990$64,047
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,600
Fundraising Direct Expenses$1,247
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
fundraising event$16,943$8,600$547$8,053
Total Events$16,943$8,600$1,247$7,353
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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, Line 11B: Form 990 Review Process

Board members will be provided a copy of the 990 to review prior to submission to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members sign the conflict of interest policy, and there is regular review of possible conflict of interest issues. There are two attorneys on the board to assist with policy compliance.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Sage Institute provides copies of its 990 and governing documents upon request.

Filing and Contact Details

Filer

Filer Name
Sage Institute for Psychedelic Therapy
EIN
84-2480193
Phone
5109290222
Address
444 34th Street, Oakland, CA 94609

Signing Officer

Name
Kat Conour
Title
Chairman
Signed
2021-07-15
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
8
Employees
0
Volunteers
16

Preparer

Firm
Helen Nelson CPA
Address
14612 MAPLE RIDGE, HANCOCK, MD 21750
Preparer
Helen Nelson
Phone
3015000556
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

PPP loan forgiveness = $14430

Financial Statement Notes

Part X : FIN48 Footnote

Accounting principles generally accepted in the United States of America require the Organization to evaluate uncertain tax positions taken. The financial statement effect of a tax position is recognized when the tax position is more likely than not, based on technical merits, to be sustained upon examination by the IRS. Sage Institute has analyzed the tax position for the year ended August 31, 2020, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities; however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of August 31, 2020, there were no such accruals for interest and/or penalties.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

PPP loan forgiveness $14430 direct fundraising event costs $1247

Part XII, Line 2D: Other expenses and losses per audited F/S

direct fundraising event costs $1247

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01600
IRS990/OtherAssetsTotalGrp/EOYAmt01600
IRS990/OtherChangesInNetAssetsAmt014430
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0321
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0386
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01895
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02602
IRS990/OtherExpensesGrp/Desc0bank fees
IRS990/OtherExpensesGrp/Desc1supplies
IRS990/OtherExpensesGrp/Desc2telephone
IRS990/OtherExpensesGrp/FundraisingAmt0439
IRS990/OtherExpensesGrp/FundraisingAmt1170
IRS990/OtherExpensesGrp/FundraisingAmt231
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0846
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt259
IRS990/OtherExpensesGrp/ProgramServicesAmt03517
IRS990/OtherExpensesGrp/ProgramServicesAmt11365
IRS990/OtherExpensesGrp/ProgramServicesAmt2248
IRS990/OtherExpensesGrp/TotalAmt04802
IRS990/OtherExpensesGrp/TotalAmt11706
IRS990/OtherExpensesGrp/TotalAmt2338
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025079
IRS990/OtherSalariesAndWagesGrp/TotalAmt025079
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0611
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0736
IRS990/PayrollTaxesGrp/ProgramServicesAmt03611
IRS990/PayrollTaxesGrp/TotalAmt04958
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0408
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621300
IRS990/ProgramServiceRevenueGrp/Desc0client fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt077507
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt077507
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0674
IRS990/PYRevenuesLessExpensesAmt0-674
IRS990/PYTotalExpensesAmt0674
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt034193
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt077507
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt057802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt057802
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt07353
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt057802
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt057802
IRS990ScheduleA/TotalSupportAmt065155
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt062800
IRS990ScheduleD/DonatedServicesUseFcltsAmt062800
IRS990ScheduleD/ExpensesNotReportedAmt064047
IRS990ScheduleD/ExpensesSubtotalAmt0108469
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt01247
IRS990ScheduleD/OtherRevenueAmt015677
IRS990ScheduleD/RevenueNotReportedAmt078477
IRS990ScheduleD/RevenueSubtotalAmt0142662
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require the Organization to evaluate uncertain tax positions taken. The financial statement effect of a tax position is recognized when the tax position is more likely than not, based on technical merits, to be sustained upon examination by the IRS. Sage Institute has analyzed the tax position for the year ended August 31, 2020, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities; however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of August 31, 2020, there were no such accruals for interest and/or penalties.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PPP loan forgiveness $14430 direct fundraising event costs $1247
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2direct fundraising event costs $1247
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
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IRS990ScheduleD/TotalRevenuePerForm990Amt0142662
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0221139
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0172516
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08343
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08343
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01247
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0fundraising event
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0700
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016943
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016943
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08600
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08600
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07353
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0547
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0547
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members will be provided a copy of the 990 to review prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members sign the conflict of interest policy, and there is regular review of possible conflict of interest issues. There are two attorneys on the board to assist with policy compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sage Institute provides copies of its 990 and governing documents upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PPP loan forgiveness = $14430
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Increases

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