Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.06x
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$311,944
No earlier filing loaded for comparison.
Net Assets
$294,659
No earlier filing loaded for comparison.
Liabilities
$17,285
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$450,760
No earlier filing loaded for comparison.
Expenses
$156,101
No earlier filing loaded for comparison.
Net Income
$294,659
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Sep 1, 2019 to Aug 31, 2020
- Signed
- Jan 15, 2021
- Return Version
- 2019v5.1
- Gross Receipts
- $450,760
Mission and Program Overview
Mission
Sapientia initiative, inc. Is organized exclusively for charitable, educational, literary, and scientific purposes within the meaning of sections 501(c)(3) of the internal revenue code of 1986, as amended (the "code"). The organization will inspire and facilitate lifetime learning through the alexander technique: a mind-body practice that empowers individuals, enhances performance, and promotes human freedom in thought and action.
Sapientia initiative, inc. Will inspire and facilitate lifetime learning through the alexander technique: a mind-body practice that empowers individuals, enhances performance, and promotes human freedom in thought and action.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | - | $170,836 | - |
| Land, Buildings, and Equipment, Net | $0 | $91,608 | ▲ $91,608 |
| Total Assets | $0 | $311,944 | ▲ $311,944 |
| Other Assets Total | $0 | $49,500 | ▲ $49,500 |
| Liabilities | |||
| Other Liabilities | $0 | $17,285 | ▲ $17,285 |
| Total Liabilities | $0 | $17,285 | ▲ $17,285 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | - | $294,659 | - |
| Total Net Assets Fund Balance | $0 | $294,659 | ▲ $294,659 |
| Total Liabilities and Net Assets / Fund Balance | $0 | $311,944 | ▲ $311,944 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $68,488 | - | $68,488 |
| Leasehold Improvements | $21,632 | $1,600 | $23,232 |
| Equipment | $1,488 | $114 | $1,602 |
| Other Assets Org | $49,500 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Albert Glowasky | Chair |
| Nanette Walsh | President/secretary/exec. Director |
| Ritu Kalra | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $351,365
- Program Service Revenue
- $92,569
- Investment Income
- $0
- Other Revenue
- $6,826
- All Other Contributions
- $351,365
- Change in Net Assets
- $294,659
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $94,604 |
| Salaries, Compensation, and Employee Benefits | $61,497 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $59,374 | - | - | $59,374 |
| Other Salaries and Wages | $45,227 | - | - | $45,227 |
| Fees for Services Legal | - | $14,241 | - | $14,241 |
| Payroll Taxes | $11,020 | - | - | $11,020 |
| Fees for Services Accounting | - | $5,529 | - | $5,529 |
| Current Officers, Directors, Trustees, and Key Employees | $5,250 | - | - | $5,250 |
| Office Expenses | $4,484 | - | - | $4,484 |
| Fees for Services Other | $327 | $3,851 | - | $4,178 |
| Depreciation Depletion | $1,714 | - | - | $1,714 |
| Insurance | $1,070 | - | - | $1,070 |
| Information Technology | $787 | - | - | $787 |
| Travel | $527 | - | - | $527 |
| Other Expenses | $500 | - | - | $500 |
| Total Functional Expenses | $132,480 | $23,621 | $0 | $156,101 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Ppp Loan Payable | $17,285 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- No
- 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 8B
“The organization does not have committees with authority to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“Sapientia initiative, inc has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”
Form 990, Part VI, Section B, Line 12C
“The purpose of the conflict of interest policy is to protect the sapientia initiative, inc.'s (the organization") interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization (or other person listed on the policy) or might result in a possible excess benefit or self-dealing transaction. The conflict of interest policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/ she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”
Form 990, Part VI, Section C, Line 19
“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the form 1023, financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”
FORM 990, PART VII, COMPENSATION:
“Officers and employees did not start being paid until january 2020. Therefore, no w-2s were required to be issued for the calendar year 2019 and no compensation is disclosed on part vii for officers or any highest paid employees.”
Filing and Contact Details
Filer
- Filer Name
- Sapientia Initiative Inc
- EIN
- 84-2853988
- Phone
- 3142592063
- Address
- 1290 AVENUE OF THE AMERICAS 33RD F, NEW YORK, NY 10104
Signing Officer
- Name
- Nanette Walsh
- Title
- President
- Phone
- 3142592063
- Signed
- 2021-01-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Nanette Walsh
- Formed
- 2019
- Legal Domicile
- Ny
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 3
Preparer
- Firm
- PKF O'CONNOR DAVIES LLP
- Address
- 500 MAMARONECK AVENUE, HARRISON, NY 10528-1633
- Preparer
- Garrett M Higgins
- Phone
- 9143818900
Raw XML Appendix348 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | SAPIENTIA INITIATIVE, INC. WILL INSPIRE AND FACILITATE LIFETIME LEARNING THROUGH THE ALEXANDER TECHNIQUE: A MIND-BODY PRACTICE THAT EMPOWERS INDIVIDUALS, ENHANCES PERFORMANCE, AND PROMOTES HUMAN FREEDOM IN THOUGHT AND ACTION. |
| IRS990/AllOtherContributionsAmt | 0 | 351365 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | NANETTE WALSH CO KEITH KEHR BRYAN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3142592063 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1290 AVENUE OF THE AMERICAS 33RD FL |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NEW YORK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10104 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 170836 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 5250 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 5250 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 351365 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 94604 |
| IRS990/CYOtherRevenueAmt | 0 | 6826 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 92569 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 294659 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 61497 |
| IRS990/CYTotalExpensesAmt | 0 | 156101 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 450760 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 1714 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1714 |
| IRS990/Desc | 0 | THE ORGANIZATION WILL SOLICIT DONATIONS FROM CHARITIES, PRIVATE FOUNDATIONS, EDUCATIONAL INSTITUTIONS, CORPORATIONS, AND INDIVIDUAL. THE ORGANIZATION' FUNDRAISING EFFORTS WILL CONSIST PRIMARILY OF CONTACTING INDIVIDUALS CORE REPRESENTATIVES OR OFFICIALS FROM POTENTIAL DONORS. THE ORGANIZATION'S BOARD WILL PRIMARILY CONDUCT THESE ACTIVITIES. THE ORGANIZATION WILL SERVE AS A SUSTAINABLE AND EXPANDING LEARNING COMMUNITY FOR THOSE SEEKING PERSONAL GROWTH, HEALTH AND WELL-BEING THROUGH THE ALEXANDER TECHNIQUE. THE ORGANIZATION WILL SEEK TO DEVELOP, NURTURE, AND OFFER TEACHING OF THE HIGHEST STANDARDS, ACCORDING TO THE PRINCIPLES OF F.M. ALEXANDER. FOR EXAMPLE, THE ORGANIZATION WILL MENTOR, TRAIN, ORGANIZE, AND MAINTAIN A COMMUNITY OF EXPERTS REGARDING THE TEACHING OF THE PRINCIPLES OF F.M. ALEXANDER WITHIN THE STYLE, FRAMEWORK AND VISION OF THE INITIATIVE. THE ORGANIZATION WILL OFFER LEARNING OPPORTUNITIES TO INDIVIDUALS IN ONE-ON-ONE AND/OR GROUP SESSIONS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 132480 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 5529 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 5529 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 14241 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 14241 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 3851 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 327 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 4178 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | NANETTE WALSH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ALBERT GLOWASKY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RITU KALRA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/SECRETARY/EXEC. DIR. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2019 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 450760 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 397 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 787 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 787 |
| IRS990/InitialReturnInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1070 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1070 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1714 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 91608 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 93322 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SAPIENTIA INITIATIVE, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, LITERARY, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). THE ORGANIZATION WILL INSPIRE AND FACILITATE LIFETIME LEARNING THROUGH THE ALEXANDER TECHNIQUE: A MIND-BODY PRACTICE THAT EMPOWERS INDIVIDUALS, ENHANCES PERFORMANCE, AND PROMOTES HUMAN FREEDOM IN THOUGHT AND ACTION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 294659 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 397 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 397 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 294659 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 59374 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 59374 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 4484 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4484 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 49500 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | MISC EXPENSES |
| IRS990/OtherExpensesGrp/Desc | 1 | REPAIRS AND MAINTANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | EQUIPMENT EXPENSE |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1442 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 758 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 500 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1442 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 758 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 500 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 17285 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | REFUNDS |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 6397 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 32 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 6397 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 32 |
| IRS990/OtherRevenueTotalAmt | 0 | 6429 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 45227 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 45227 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 11020 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 11020 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | NANETTE WALSH |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611699 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 92569 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 92569 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 294659 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 397 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 92569 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt | 0 | 351000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 351000 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | REFUNDS - 2019 AMOUNT: $ 6,397. OTHER INCOME - 2019 AMOUNT: $ 32. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | 2019 IS THE ORGANIZATION'S FIRST YEAR OF OPERATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART III, SHORT YEAR EXPLANATION: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 351365 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 351365 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 397 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 397 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 92569 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 92569 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 397 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 397 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 6429 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 6429 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 92934 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 351000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 351000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 443934 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 443934 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 450760 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 450760 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1488 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 114 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1602 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 68488 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 68488 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 21632 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 1600 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 23232 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 49500 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 17285 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PPP LOAN PAYABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 91608 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 49500 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 17285 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SAPIENTIA INITIATIVE, INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE SAPIENTIA INITIATIVE, INC.'S (THE ORGANIZATION") INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION (OR OTHER PERSON LISTED ON THE POLICY) OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT OR SELF-DEALING TRANSACTION. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/ SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | OFFICERS AND EMPLOYEES DID NOT START BEING PAID UNTIL JANUARY 2020. THEREFORE, NO W-2S WERE REQUIRED TO BE ISSUED FOR THE CALENDAR YEAR 2019 AND NO COMPENSATION IS DISCLOSED ON PART VII FOR OFFICERS OR ANY HIGHEST PAID EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VII, COMPENSATION: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsEOYAmt | 0 | 311944 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 311944 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 351365 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 23621 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 132480 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 156101 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 17285 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 17285 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 294659 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 132480 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 92569 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 6826 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 92569 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 450760 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 3 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 311944 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 527 |
| IRS990/TravelGrp/TotalAmt | 0 | 527 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1290 AVENUE OF THE AMERICAS 33RD FL |
| IRS990/USAddress/CityNm | 0 | NEW YORK |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 10104 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | NANETTE WALSH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3142592063 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-01-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SAPIENTIA INITIATIVE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SAPI |
| ReturnHeader/Filer/EIN | 0 | 842853988 |
| ReturnHeader/Filer/PhoneNum | 0 | 3142592063 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1290 AVENUE OF THE AMERICAS 33RD F |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10104 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 271728945 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PKF O'CONNOR DAVIES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 500 MAMARONECK AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HARRISON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 105281633 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9143818900 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-01-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GARRETT M HIGGINS |
| ReturnHeader/ReturnTs | 0 | 2021-01-15T09:36:47-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-09-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-08-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $311,944
- Liabilities
- $17,285
- Net assets
- $294,659
- Revenue
- $450,760
- Expenses
- $156,101
- Net income
- $294,659