Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $120K paid to officers and key staff.
Lynnette Letcher’s $120K as Admin Director is at the 45th percentile of top reported officer pay among 3395 $1–10M education 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Lynnette Letcher | $119,664 | $118,733 | $56,285 | $82,500 | $56,500 | — |
| Lynette Letcher | — | — | — | — | — | $57,827 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II6 listed
Programs and updates
Sage Academy INC is an education nonprofit based in Surprise, AZ.
Questions for Sage Academy INC
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Sage academy charter school is a tuition-free kindergarten through 8TH grade school of choice chartered by the state of arizona board of education. Our vision is to positively impact students, parents, and the community by applying a traditional approach to a solid and sound education system for our children.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $196K | $895K |
| Land, buildings, equipmentLn 10c | $57K | $49K |
| Total assetsLn 16 | $870K | $1.0M |
| LiabilitiesLn 26 | $1.3M | $1.0M |
| Net assetsLn 32 | −$396K | −$22K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $120K | $103K | $17K | |
| Other salaries and wagesLn 7 | $291K | $250K | $41K | |
| Management feesLn 11a | $99K | $85K | $14K | |
| OccupancyLn 16 | $152K | $129K | $23K | |
| InterestLn 20 | $25K | $22K | $4K | |
| Depreciation, depletion and amortizationLn 22 | $8K | $7K | $1K | |
| InsuranceLn 23 | $28K | $24K | $4K | |
| Other expenses (24a–d)Ln 24 | $520K | $447K | $73K | |
| Total functional expensesLn 25 | $1.2M | $1.1M | $175K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $1.6M | $1.2M | $374K | −$22K | 990 PDF |
| FY2024 | $1.6M | $1.7M | −$127K | −$396K | 990 PDF |
| FY2023 | $1.8M | $1.8M | −$11K | −$268K | 990 PDF |
| FY2022 | $2.4M | $2.2M | $220K | −$257K | 990 PDF |
| FY2021 | $2.1M | $1.9M | $165K | −$477K | 990 PDF |
| FY2020 | $1.8M | $1.8M | $62K | −$642K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,616,133 revenue, 12 lines filed
Part VI · Governance 3 of 2 board members independent, 1 to look at
Part VIII · Statement of revenue $1,616,133 across 5 lines filed
Part IX · Statement of functional expenses $1,242,364 across 8 lines filed
Part X · Balance sheet $1,022,589 assets, 14 lines filed
Part XI · Reconciliation of net assets −$21,970 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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