Overview
What is Sagamore Institute Inc?
Sagamore Institute Inc, an Indianapolis-based nonprofit organization, serves as a think tank focused on multiplying the effectiveness of policy and social entrepreneurs through research and consulting. The nonprofit's primary activities include the Educational Opportunities Program, which manages the J1 Visa Program for highly-qualified international teachers and supports Scholarships for Education Choice, an Indiana scholarship granting organization. The Scholarships for Education Choice program empowers students to attend the school of their choice by awarding scholarships and offers tax credits to individual and business donors. Since its inception, the program has granted over $65 million in scholarships to more than 23,000 students while keeping administrative fees at a historically low 5.9%. Sagamore Institute Inc meets the statutory requirements as stated in IC 20-51-3-3 SEC 3(3) and ensures that no more than ten percent of total scholarship contributions are spent on administrative costs.
Official website here: www.sagamoreinstitute.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Sagamore Institute Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial stability. The rating is based entirely on the organization’s strong performance in the Accountability & Finance sector, showcasing their commitment to transparency and responsible management of resources.
The charity has demonstrated robust governance practices, with a fully independent board of members and a well-functioning Audit and Oversight Committee. They have a range of effective policies in place, including conflict of interest and whistleblower policies, which contribute to their overall trustworthiness. Furthermore, Sagamore Institute allocates a significant portion of their expenses to programs, indicating a strong focus on their mission.
While Sagamore Institute shows a solid financial foundation with low liabilities and minimal fundraising costs, it is essential for donors to remain informed about ongoing projects and initiatives. Overall, their strong financial ratios and governance practices position them as a reliable nonprofit in their field.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sagamore Institute Inc?
96% of 8 reviewers on Facebook recommend Sagamore Institute Inc. Here is a summary of their reviews:
The feedback highlights a positive impression of the organization, particularly noting the quality of its presentations. One reviewer specifically mentioned being impressed and believes that the institute has much to contribute to the city of Indianapolis.
Overall, sentiments about Sagamore Institute Inc. appear to be quite favorable, with many feeling that the nonprofit delivers valuable services and insights to the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Sagamore Institute Inc legitimate?
Sagamore Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sagamore Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $412,438
Professional Fundraising Fees: $40,000
Other Salaries and Wages: $2,728,592
For more financial information, click here
Official website here: www.sagamoreinstitute.org
What is the mission statement of Sagamore Institute Inc?
Sagamore Institute Inc is a nonprofit, nonpartisan public policy research organization, often referred to as a "think tank." Their mission is to delve into complex issues and link innovative ideas with leaders who can transform them into effective policies and improved practices. Through research and consulting, they strive to make a significant impact in various areas.
The organization is also involved in education, primarily through the Scholarships for Education Choice program. This initiative grants scholarships to students in Indiana, allowing them to attend the school of their choice. The program raises funds by offering state tax credits to individual and business donors, contributing approximately $65 million to over 23,000 students since its inception. The organization adheres to the statutory requirements and ensures that administrative costs do not exceed ten percent of the total scholarship contributions.
Official website here: www.sagamoreinstitute.org
Who is the CEO of Sagamore Institute Inc?
Jay F Hein is the CEO of Sagamore Institute Inc The CEO's salary of Sagamore Institute Inc is $239,730 and their total compensation is $265,446.
Official website here: www.sagamoreinstitute.org
What is the revenue of Sagamore Institute Inc?
Sagamore Institute Inc's revenue in 2023 was $16,762,794.
Official website here: www.sagamoreinstitute.org
Who are the executives of Sagamore Institute Inc and what are their salaries?
The average compensation at Sagamore Institute Inc during 2023 was $56,090. There are 56 employees and 25 volunteers at Sagamore Institute Inc.
Here are 17 key members and their salaries (Sagamore Institute Inc's CEO's salary is $239,730 and their total compensation is $265,446):
- Compensation: $239,730
- Related: $0
- Other: $25,716
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $84,365
- Related: $0
- Other: $7,244
- Compensation: $172,708
- Related: $0
- Other: $13,301
- Compensation: $148,940
- Related: $0
- Other: $2,716
- Compensation: $100,947
- Related: $0
- Other: $11,926
- Compensation: $144,311
- Related: $0
- Other: $514
- Compensation: $139,923
- Related: $0
- Other: $0
- Compensation: $133,215
- Related: $0
- Other: $0
Official website here: www.sagamoreinstitute.org
Where can I find the form 990 for Sagamore Institute Inc?
Sagamore Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sagamoreinstitute.org
Learn more at the official website: www.sagamoreinstitute.org
Mission Statement of Sagamore Institute Inc
Sagamore Institute Inc, a nonpartisan public policy research organization based in Indianapolis, is dedicated to multiplying the effectiveness of policy and social entrepreneurs. This think tank conducts in-depth research and analysis on complex issues, connecting the best ideas with leaders who can transform them into smarter policies and improved practices.
The educational opportunities program at Sagamore Institute is a notable initiative that serves the J1 Visa Program, which issues visas and monitors highly-qualified international teachers who come to the USA to teach. Additionally, the organization administers Scholarships for Education Choice, an Indiana scholarship granting organization that provides funding for students to attend the school of their choice. Sagamore Institute raises the necessary funds for these scholarships by offering individual and business donors a state tax credit equal to fifty percent of their donation. Since its inception, Scholarships for Education Choice has granted approximately $65 million to over 23,000 students, with historically an administrative fee income vs. scholarship income percentage of 5.9%. The organization maintains transparency by meeting the statutory requirements set forth in IC 20-51-3-3 Sec 3(3) and ensuring that no more than ten percent of the total amount of scholarship contributions are spent on administrative costs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sagamore Institute Inc significantly enhances the effectiveness of policy and social entrepreneurs by providing in-depth research and consulting services. Its focus on education is particularly impactful through initiatives like the Educational Opportunities Program, which oversees the J1 visa program for highly-qualified international teachers in the United States. This program not only enriches the educational landscape but also strengthens cultural exchanges.
Another noteworthy initiative is the Scholarships for Education Choice program, which has awarded approximately $65 million in scholarships to over 23,000 students since its inception. By allowing individuals and businesses to receive a 50% state tax credit for their contributions, Sagamore makes educational opportunities more accessible. Importantly, administrative costs are kept low, ensuring that the vast majority of funds directly benefit students seeking to attend schools of their choice.
Overall, Sagamore Institute Inc plays a crucial role in shaping smarter policies and practices, ultimately leading to tangible improvements in education and community development in Indianapolis and beyond. Its nonpartisan approach allows it to connect innovative ideas with leaders, facilitating transformative change that resonates across various sectors.
This information is meant to be a general summary of Sagamore Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $350,206
- Program Service Revenue: $1,037,731
- Gross Receipts: $18,281,674
Assets and Liabilities:
- Total Assets: $13,251,995
- Total Liabilities: $1,544,989
- Net Assets: $11,707,006
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$578,626
PROGRAM
Revenue
$457,000
ADMIN FEE
Revenue
$2,105
Organization Details
Founding Year
2005
Principal Officer
Jay F Hein
Website
www.sagamoreinstitute.orgNTEE Category
Code: W05 - Public benefit
If you are a representative of Sagamore Institute Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.