Sagamore INC EIN 20-1161578 Form 990 (PDF) Claim this org

Sagamore INC

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Empowers policy and social entrepreneurs with research and skills to amplify their impact. For fiscal year 2024 it reported $23.2M in revenue, $18.8M in expenses, and $19.0M in net assets.Pt I

Founded
2005
Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Indianapolis, IN
Website
www.sagamoreinstitute.org
Filings
5 on file (2020–2024)
Revenue
$23.2MFY2024
Expenses
$18.8M
Net assets
$19.0M
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-1161578 Public charity (501(c)(3)) Indianapolis, IN Founded 2005
Form 990 (PDF)
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Figures match the IRS filing checked 8/9/26 · see original: IRS
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Size
$10–100M
What they do
Empowers policy and social entrepreneurs with research and skills to amplify their impact.
Leadership
Jay F Hein · Chief Executive Officer · $250K
Money in and out
$23.2M revenue, $18.8M expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$23.2M
Pt VIII · Ln 12
Total expenses
$18.8M
Pt IX · Ln 25
Net assets
$19.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.5M
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs+0.10% vs prior filing year
Operating runway
19.1mo
months of highly liquid reserves at operating expense rate▲ +59% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +13% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$23.2M
FY2024▲ +39%
Expenses
$18.8M
FY2024▲ +35%
Total assets
$20.8M
FY2024▲ +32%
Total liabilities
$1.8M
FY2024▲ +40%
Total revenue
$23.2M
Pt VIII · Ln 12
Total expenses
$18.8M
Pt IX · Ln 25
Net assets
$19.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.5M
Total assetsPt X · Ln 16$20.8M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $13.1M of program spending, described in the organization's own filed words · FY2024.
01

Education the global teach exchange (formerly the j-1 visa program) issues visas and monitors highly qualified international teachers who come to the U.S. To teach and share their culture and perspectives.

$9.9Mprogram expense
02

Community development the organization's community development and citizenship efforts engage citizens, scholars, and public leaders to build stronger communities. Many of the initiatives emphasize capacity-building for community-based organizations and fostering resilient civil society.

$2.0Mprogram expense
03

Criminal justice the organization's criminal justice portfolio advances new approaches to support youth and individuals impacted by crime, strengthen pathways to restoration, and improve outcomes in the justice system.

$1.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSagamore INC
EINHdr · item D20-1161578
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jwww.sagamoreinstitute.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W05)
Ruling yearIRS BMFAug 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$250,462Pt VII · Sec A
$193,385Pt VII · Sec A
Manager - Purposeful Design, LLC
$148,442Pt VII · Sec A
Manager - Purposeful Design, LLC
$140,442Pt VII · Sec A
Director - Educational Opportunities
$113,685Pt VII · Sec A
Sales - Purposeful Design
$113,362Pt VII · Sec A
Manager - Purposeful Design, LLC
$113,342Pt VII · Sec A
Sales - Purposeful Design
$109,457Pt VII · Sec A

Jay F Hein’s $250K as Chief Executive Officer is at the 37th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jay F Hein$250,462$239,730$199,252$189,830$181,615
Teresa Lubbers$193,385$172,708$50,000
Blair Milo$148,940$171,344
Brian Schmidt$148,442$139,923$134,000
Daniel M Cahalen$144,311
David Palmer$140,442$133,215$134,000
Laurel Vandenberg$113,685$100,947
Rich Westlake$84,365$113,642$112,346$66,449

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$20.9M · 90%
Program service revenue$998K · 4%
Other revenue$824K · 4%
Investment income$481K · 2%
Contributions & grants90%$20.9M
Program service revenue4%$998K
Other revenue4%$824K
Investment income2%$481K
Total revenueLn 12$23.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$17.2M
Management & general7%$1.4M
Fundraising1%$177K
Total functional expensesLn 25$18.8M

Balance Sheet

Part X · end of year
CashLn 1$14.1M
Total assetsLn 16$20.8M
Total liabilitiesLn 26$1.8M
Total net assetsLn 32$19.0M
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.0M · Operating expenses (Pt IX) $18.8M · Less non-cash grants $6.9M · Cash operating expenses/yr $11.9M
19.1 months
Where the money goes
Program services
Program services $17.2M · Total expenses $18.8M
92%
Management & General
Management & general $1.4M · Total expenses $18.8M
7%
Fundraising
Fundraising $177K · Total expenses $18.8M
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $204K · Solicited contributions (3-yr avg) $16.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $20.9M · Total revenue $23.2M
90%
Government reliance
Government grants — · Total revenue $23.2M
Earned-income share
Program service revenue $998K · Total revenue $23.2M
4%
Investment reliance
Investment income $481K · Total revenue $23.2M
+2%
Program self-sufficiency
Program service revenue $998K · Total expenses $18.8M
5%
Growth & trend
Revenue growth (YoY)
This year $23.2M · Prior year $16.8M
+39%
Revenue CAGR
FY2020 $13.1M · FY2024 $23.2M
+15%
Net-asset trend (YoY)
End of year $19.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $23.2M · Expenses $18.8M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $20.8M
Net-asset ratio
Net assets $19.0M · Total assets $20.8M
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20.8M
23%
People & payroll
Highest Reported Total Compensation
Individual Jay F Hein · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $250K · Total expenses $18.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.5M · Total expenses $18.8M
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 0.8%
Revenue growth 39%
Legal fee ratio 0.2%
Accounting fee ratio 0.3%
Fundraising fee ratio 0.07%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 45 grants · $43.3M · 2020–2024
Unitemized GrantFY2024$9,492,768
Center for Serving LeadershipFY2024$648,931
Declare Worship CommunityOH · FY2024$188,704
India Collective INCCT · FY2024$135,700
Family HopeIN · FY2024$76,926
Unitemized GrantFY2023$5,920,180
Center for Serving LeadershipFY2023$569,328
India Collective INCCT · FY2023$56,000
At Work on Purpose INCOH · FY2023$24,000
Osprey Relief FoundationNC · FY2023$10,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2022$8,196,018
Family HopeIN · FY2022$180,494
Center for Serving LeadershipFY2022$162,000
At Work on Purpose INCOH · FY2022$75,000
India Collective INCCT · FY2022$58,008
See all 45 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$23.2M revenue · viewing · ⤓ 990 PDF
FY2023$16.8M revenue · ⤓ 990 PDF
FY2022$15.2M revenue · ⤓ 990 PDF
FY2021$19.4M revenue · ⤓ 990 PDF
FY2020$13.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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