2026-03-26T08:09:53-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2024-07-01 132947657 SERVICES AND ADVOCACY FOR GAY LESBIAN BISEXUAL AND TRANSGENDER ELDERS INC SERV 2127412247 305 SEVENTH AVENUE 15TH FLOOR 15T NEW YORK NY 10001 JAMES KRIS MORDECAI INTERIM COO/CFO 2127412247 2026-03-23 1 0 WILLIAM A LOUGHERY P01603932 2156433900 2026-03-23 2024 2025-03-06 01:10:19Z LYNN FARIA 305 SEVENTH AVENUE 15TH FLOOR 15TH NEW YORK NY 10001 25109153 0 X WWW.SAGEUSA.ORG X 1978 NY THE COUNTRY'S LARGEST AND OLDEST ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF LGBTQ+ ELDERS 25 25 143 800 0 0 16669304 20748999 859670 744867 423355 488400 12374 -364211 17964703 21618055 492053 319123 0 0 14022512 14691501 128265 177024 2528963 8438447 7190906 23081277 22378554 -5116574 -760499 32111242 31141255 11270824 10770742 20840418 20370513 X SERVICES AND ADVOCACY FOR GAY, LESBIAN, BISEXUAL, AND TRANSGENDER ELDERS, INC. (SAGE) IS THE COUNTRY'S LARGEST AND OLDEST ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF LGBTQ+ OLDER ADULTS. IN PARTNERSHIP WITH OUR CONSTITUENTS AND ALLIES, SAGE WORKS TO ACHIEVE A HIGH QUALITY OF LIFE FOR LGBTQ+ OLDER PEOPLE, SUPPORTS AND ADVOCATES FOR THEIR RIGHTS, FOSTERS A GREATER UNDERSTANDING OF AGING IN ALL COMMUNITIES, AND PROMOTES POSITIVE IMAGES OF LGBTQ+ LIFE IN LATER YEARS. WE FULFILL OUR MISSION THROUGH ADVOCACY AND BY PROVIDING DIRECT SERVICES, TRAINING, EDUCATION, AND TECHNICAL ASSISTANCE. 0 0 16627821 274505 744867 SERVICES AND PROGRAMS: SAGE OFFERS INNOVATIVE SERVICES AND PROGRAMS FOR LGBTQ+ OLDER PEOPLE AND THEIR PEERS ACROSS NEW YORK CITY AND SOUTH FLORIDA, AND NATIONWIDE THROUGH THE CAPACITY-BUILDING WORK OF OUR SAGECOLLAB MEMBER ORGANIZATIONS. FROM ARTS AND CULTURE TO HOUSING, FINANCIAL WELLNESS, HEALTHY AGING, AND OVERALL WELLBEING, SAGE PROVIDES BOTH IN PERSON AND VIRTUAL PROGRAMS INCLUDING SAGEYOU AND SAGECENTS THAT SUPPORT THOUSANDS OF LGBTQ+ OLDER ADULTS AND THEIR PEERS IN COMMUNITIES AROUND THE COUNTRY. TO MEET THE NEEDS OF SPECIFIC COMMUNITIES, SAGE OFFERS PROGRAMMING DESIGNED TO SUPPORT TRANSGENDER AND NON-BINARY OLDER ADULTS, VETERANS, AND PEOPLE AGING WITH HIV. THE AGENCY'S FRIENDLY VISITOR VOLUNTEER PROGRAM, A LIFELINE FOR MANY LGBTQ+ ELDERS IN NEW YORK CITY, ALSO OPERATES IN SOUTH FLORIDA. IN ADDITION, SAGECARE, OUR PREMIER LGBTQ+ CULTURAL COMPETENCY TRAINING PROGRAM EQUIPS AGING-SERVICES PROVIDERS, LONG-TERM CARE FACILITIES, AND OTHER ORGANIZATIONS WITH BEST PRACTICES FOR EFFECTIVELY SUPPORTING AND ENGAGING LGBTQ+ OLDER ADULTS AND THEIR PEERS. 2004771 44618 0 PUBLIC OUTREACH: SAGE ADVOCATES AT THE FEDERAL, STATE AND LOCAL LEVELS FOR PUBLIC POLICIES TO IMPROVE THE AGING EXPERIENCE AND ACCESS TO AGING SERVICES AMONG THE GROWING POPULATION OF LGBTQ+ OLDER PEOPLE AND OLDER PEOPLE LIVING WITH HIV. OUR FEDERAL POLICY PROGRAM WORKS TO ENSURE THAT POLICYMAKERS IN CONGRESS AND THE ADMINISTRATION ENACT POLICIES THAT ADDRESS THE NEEDS OF LGBTQ+ OLDER PEOPLE AND OLDER PEOPLE LIVING WITH HIV. ADDITIONALLY, SAGE WORKS WITH LGBTQ+ ORGANIZATIONS AND ADVOCATES AROUND THE COUNTRY TO DEVELOP AND ACHIEVE THEIR LOCAL AND STATE POLICY AGENDAS. SAGE BUILDS THE CAPACITY OF COMMUNITY-BASED ORGANIZATIONS NATIONWIDE TO PROVIDE SERVICES AND TO ENGAGE IN POLICY ADVOCACY THAT IMPROVES THE LIVES OF THEIR LOCAL CONSTITUENTS, BUILDING A NATIONAL LGBTQ+ AGING MOVEMENT. 18632592 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 174 0 1 143 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY AL AR CA FL GA HI IL KS KY MD MA MI MN NH NJ NM NC ND OR PA RI SC TN VA WV WI X X KRIS MORDECAI 2127412247 305 SEVENTH AVENUE 15TH FLOOR NEW YORK NY 10001 MICHAEL ADAMS CHIEF EXECUTIVE OFFICER 35.00 X 437463 0 71223 DAVID RIVERA-GARCIA EXECUTIVE VP/CFO (UNTIL 03/25) 35.00 X 284858 0 34939 LYNN FARIA EXECUTIVE VICE PRESIDENT 35.00 X 283251 0 35185 JAMES KRIS MORDECAI INTERIM COO/CFO 35.00 X 194387 0 20631 JB STARK CHIEF DEV. & COMMUNICATIONS OFC. 35.00 X 216313 0 11000 MICHELE GIORDANO EXECUTIVE DIRECTOR SAGEVENTURE 35.00 X 209363 0 7903 CHRISTINA DACOSTA CHIEF EXPERIENCE OFFICER 35.00 X 173019 0 40668 MARSHA BONNER CHIEF PEOPLE & CULTURE OFFICER 35.00 X 166822 0 27902 HECTOR VARGAS ACTING CHIEF NAT'L INITIATIVES OFC. 35.00 X 144108 0 7433 RUTH EISENBERG CO-CHAIR 1.00 X X 0 0 0 KEVIN WILLIAMS CO-CHAIR 1.00 X X 0 0 0 SCOTT BENNETT SECRETARY 1.00 X X 0 0 0 DAVID DE FIGUEIREDO TREASURER 1.00 X X 0 0 0 STACI ALEXANDER BOARD MEMBER 1.00 X 0 0 0 BANDAR ALTURKMANI BOARD MEMBER (UNTIL 05/25) 1.00 X 0 0 0 LUANN BOYLAN BOARD MEMBER 1.00 X 0 0 0 DARRELL BURKS BOARD MEMBER 1.00 X 0 0 0 LORRAINE CARLSON BOARD MEMBER (UNTIL 04/25) 1.00 X 0 0 0 JONATHAN CARTER BOARD MEMBER 1.00 X 0 0 0 RAHUL CULAS BOARD MEMBER (UNTIL 04/25) 1.00 X 0 0 0 MARC ELOVITZ BOARD MEMBER 1.00 X 0 0 0 JEFFREY ERDMAN BOARD MEMBER 1.00 X 0 0 0 WILLIAM BILL ERHARDT BOARD MEMBER 1.00 X 0 0 0 DAWN FISCHER BOARD MEMBER (UNTIL 10/24) 1.00 X 0 0 0 GRANT GINDER BOARD MEMBER 1.00 X 0 0 0 KELLY HAMILTON BOARD MEMBER 1.00 X 0 0 0 VICKI HOOD BOARD MEMBER 1.00 X 0 0 0 ROY JIMENEZ BOARD MEMBER 1.00 X 0 0 0 ZAK KARIM BOARD MEMBER 1.00 X 0 0 0 MARA KEISLING BOARD MEMBER 1.00 X 0 0 0 BRUCE LEDERMAN BOARD MEMBER (UNTIL 10/24) 1.00 X 0 0 0 MICHAEL LOMBARDO BOARD MEMBER 1.00 X 0 0 0 WILLARD MCCLOUD III BOARD MEMBER 1.00 X 0 0 0 LOREN OSTROW BOARD MEMBER 1.00 X 0 0 0 CATALINA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 JOSUE SANTIAGO BOARD MEMBER 1.00 X 0 0 0 MADY SCHUMAN BOARD MEMBER 1.00 X 0 0 0 ELLIOTT SERNEL BOARD MEMBER (UNTIL 10/24) 1.00 X 0 0 0 MARK SEXTON BOARD MEMBER 1.00 X 0 0 0 LEE SIDER BOARD MEMBER (UNTIL 07/24) 1.00 X 0 0 0 SUE WILDER BOARD MEMBER 1.00 X 0 0 0 2109584 0 256884 34 0 1 0 THE SEVENTH AVENUE CONDO 515 MADISON AVENUE 15TH FLOOR NEW YORK NY 10022 UTILITIES AND RENT SPACE 251707 BOSTON DIGITAL CONSULTING LLC 480 PLEASANT STREET WATERTOWN MA 02186 DIGITAL CONSULTING 226343 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 SOUTH HOPE STREET LOS ANGELES CA 90071 LEGAL SERVICES 149368 CAREY FORWARD LLC 29L ATLANTIC AVENUE 122 OCEAN VIEW DE 19970 CONSULTING 108548 HEARME IN 30 1 ROCKEFELLER PLZ STE 1040 NEW YORK NY 10020 DIGITAL SERVICES 102000 5 1579496 7545074 11624429 5220 20748999 PROGRAM INCOME AND SERVICE FEES 624100 744867 744867 744867 205846 205846 26400 0 26400 26400 26400 3051060 2768506 282554 282554 282554 329120 1579496 722592 -393472 -393472 MISCELLANEOUS 561439 2111 2111 DEVELOPERS FEE 531390 750 750 2861 21618055 744867 0 124189 274505 274505 44618 44618 1549253 1188699 225871 134683 10267772 8443107 466372 1358293 378083 311333 16988 49762 1609188 1315038 88352 205798 887205 723565 51261 112379 250026 238172 4255 7599 97773 97773 90000 90000 177024 177024 25958 25958 2168665 2104319 25958 38388 231606 202851 2398 26357 562064 260266 1555 300243 393680 375015 6701 11964 451773 422682 10443 18648 224548 179096 10195 35257 93481 22304 67475 3702 332685 321785 10900 787615 750273 13405 23937 99769 95039 1698 3032 INDIV., RESPITE & OTHER 802267 802267 REPAIRS AND MAINTENANCE 262959 250492 4475 7992 EQUIPMENT MAINTENANCE 97046 92445 1652 2949 STAFF TRAINING 46106 15657 30393 56 172885 109064 63821 22378554 18632592 1216999 2528963 1243787 1938139 2237200 1188058 8346523 8843619 411712 348964 378119 405230 16927067 5964810 11730919 10962257 6170129 5823495 1592853 1631493 32111242 31141255 1874188 2024377 838457 375871 6962386 6720801 1595793 1649693 11270824 10770742 X 16967732 14946927 3872686 5423586 20840418 20370513 32111242 31141255 -760499 290594 0 X 0 1 X 1 1 1 X 22412309 18439777 16868081 16669304 20748999 95138470 22412309 18439777 16868081 16669304 20748999 95138470 1230798 93907672 23222 18068 150165 399621 232246 823322 46559 9505 24018 120742 2861 203685 96165477 3741126 0.97650 0.95970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REALIZED GAIN ON INVESTMENTS - 2020 AMOUNT: $ -1,614. 2021 AMOUNT: $ -1,438. FUNDRAISING INCOME - 2021 AMOUNT: $ 1. OTHER - 2020 AMOUNT: $ 48,173. 2021 AMOUNT: $ 10,942. 2022 AMOUNT: $ 24,018. 2023 AMOUNT: $ 120,742. 2024 AMOUNT: $ 2,861. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29673 125509 155182 22223372 22378554 1000000 250000 0 0 991368 1000000 1000000 1000000 3991368 5987052 137457 174784 143269 155182 610692 247842 250000 250000 250000 997842 1496763 28339 53085 24270 29673 135367 6638897 4868283 5660305 5846875 8497403 460602 2319108 6638897 6904062 2349025 755684 8497403 5356396 1547666 6904062 3612311 1744085 5356396 1.00000 0 0 15153616 4740539 10413077 398885 88497 310388 1373366 1135054 238312 1200 720 480 10962257 SECURITY DEPOSITS 26379 DEFERRED COMPENSATION ASSETS 576908 OPERATING RIGHT-OF-USE ASSETS 1028206 1631493 DEFERRED COMPENSATION 576908 OPERATING LEASE LIABILITY 1072785 1649693 X 23191746 290594 560505 851099 22340647 -722592 -722592 21618055 23661651 560505 722592 1283097 22378554 0 22378554 PART V, LINE 4: THE BOARD-DESIGNATED FUNDS CONSIST OF THE FOLLOWING EIGHT FUNDS: WORKING CAPITAL RESERVE: THE WORKING CAPITAL RESERVE IS INTENDED TO PROVIDE CASH NEEDED TO ENSURE SAGE IS ABLE TO MAINTAIN A MINIMUM CASH ON HAND TARGET IN ITS OPERATING ACCOUNT. THIS RESERVE OFFSETS SHORT-TERM NEGATIVE CASH FLOW. OPERATING RESERVE: THE OPERATING RESERVE IS INTENDED TO BE AN INTERNAL SOURCE OF FUNDS FOR SITUATIONS SUCH AS A SUDDEN INCREASE IN EXPENSES, ONE-TIME UNBUDGETED EXPENSES, UNANTICIPATED LOSS IN FUNDING, OR UNINSURED LOSSES. BUILDING AND CAPITAL ASSET RESERVE: THE BUILDING AND CAPITAL ASSET RESERVE IS INTENDED TO PROVIDE A READY SOURCE OF FUNDS FOR REPAIR OR ACQUISITION OF BUILDINGS, LEASEHOLD IMPROVEMENTS AND FURNITURE, FIXTURES AND EQUIPMENT NECESSARY FOR THE EFFECTIVE OPERATION OF SAGE AND ITS PROGRAMS. STRATEGIC PLAN AND OPPORTUNITY RESERVE: THE STRATEGIC PLAN AND OPPORTUNITY RESERVE IS INTENDED TO PROVIDE FUNDS TO MEET INITIATIVES UNDER THE STRATEGIC PLAN OR SPECIAL TARGETS OF OPPORTUNITY OR NEED THAT FURTHERS THE MISSION OF THE ORGANIZATION. THE STRATEGIC PLAN AND OPPORTUNITY RESERVE IS ALSO INTENDED AS A SOURCE OF INTERNAL FUNDS FOR THE ORGANIZATIONAL CAPACITY BUILDING SUCH AS STAFF DEVELOPMENT, RESEARCH AND DEVELOPMENT, OR INVESTMENT IN INFRASTRUCTURE THAT WILL BUILD LONG-TERM CAPACITY AND ENHANCE REVENUE. BOARD-DESIGNATED ENDOWMENT: THE BOARD DESIGNATED ENDOWMENT FUND IS ESTABLISHED BY THE BOARD AND IS EXPENDED AT THE DISCRETION OF THE BOARD. LOAN RESERVE: THE LOAN RESERVE IS INTENDED TO SET ASIDE $25,000 PER YEAR FOR 40 YEARS IN ORDER TO BE ABLE TO REPAY THE NEW YORK STATE HOUSING TRUST FUND CORPORATION LOAN AT MATURITY. SPECIAL INITIATIVES RESERVE: THE BOARD DESIGNATED RESERVES HELD FOR SPECIFIC ACTIVITIES, BASED ON BOARD-APPROVED BUDGETS. DIVERSE ELDERS COALITION RESERVE: THE BOARD DESIGNATED RESERVES FOR THE CASH PORTION OF THE FISCALLY SPONSORED ORGANIZATION. PART X, LINE 2: SAGE BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025, IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL FUNDRAISING EVENT EXPENSES -722,592. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL FUNDRAISING EVENT EXPENSES 722,592. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS IN THE REGION PASS-THROUGH GRANT FUNDS- GLOBAL EQUITY PROGRAM 44618 0 0 0 0 0 0 44618 0 44618 COSTA RICA PROGRAM SERVICES 37690 ACH 0 FMV EL SALVADOR PROGRAM SERVICES 6928 ACH 0 FMV 0 2 0 0 0 0 0 0 PART I, LINE 2: SAGE MONITORS ALL GRANT FUNDS OUTSIDE THE UNITED STATES THROUGH ITS REGULAR ACOCUNTING POLICIES AND FINANCIAL CONTROLS X X X X X X X 1 THE AVALON CONSULTING GROUP INC 1011 BAY RIDGE AVE UNIT 323 ANNAPOLIS MD 21403 DIRECT MAILING FUNDRAISING 0 0 177024 0 177024 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SAGE AWARDS 1214887 1049262 165625 30072 261475 90594 24481 TOYS PARTY 332579 226786 105793 111960 8635 97158 5903 5 361150 303448 57702 19800 48468 7908 16138 1908616 1579496 329120 161832 318578 195660 46522 722592 -393472 SCHEDULE G, PART I, LINE 2B, COLUMN (V) DIRECT MAILING FUNDRAISING 1 OUTRIGHT ACTION INTERNATIONAL 216 EAST 45TH STREET 17 FL NEW YORK NY 10017 943139952 501(C)(3) 202195 0 CONTRIBUTION NATIONAL HISPANIC COUNCIL ON AGING 2201 12TH STREET NW SUITE 101 WASHINGTON DC 20009 521306347 501(C)(3) 9000 0 CONTRIBUTION NATIONAL CAUCUS AND CENTER ON BLACK AGING INC 1220 L STREET NORTHWEST SUITE 800 WASHINGTON DC 20005 237455377 501(C)(3) 9000 0 CONTRIBUTION NATIONAL INDIAN COUNCIL ON AGING 8500 MENAUL BLVD NE STE B-470 ALBUQUERQUE NM 87112 860321646 501(C)(3) 9000 0 CONTRIBUTION 4 0 PART I, LINE 2: SAGE MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF EACH GRANT. SAGE'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ARE DETERMINED BY THE AGREED UPON TERMS IN EACH FUNDER AGREEMENT. X X X X X 1 1 0 0 0 0 0 0 0 MICHAEL ADAMS CHIEF EXECUTIVE OFFICER 437463 0 0 0 0 0 60073 0 11150 0 508686 0 0 0 DAVID RIVERA-GARCIA EXECUTIVE VP/CFO (UNTIL 03/25) 284858 0 0 0 0 0 25340 0 9599 0 319797 0 0 0 LYNN FARIA EXECUTIVE VICE PRESIDENT 283251 0 0 0 0 0 25586 0 9599 0 318436 0 0 0 JAMES KRIS MORDECAI INTERIM COO/CFO 194387 0 0 0 0 0 9481 0 11150 0 215018 0 0 0 JB STARK CHIEF DEV. & COMMUNICATIONS OFC. 216313 0 0 0 0 0 11000 0 0 0 227313 0 0 0 MICHELE GIORDANO EXECUTIVE DIRECTOR SAGEVENTURE 209363 0 0 0 0 0 7903 0 0 0 217266 0 0 0 CHRISTINA DACOSTA CHIEF EXPERIENCE OFFICER 173019 0 0 0 0 0 14579 0 26089 0 213687 0 0 0 MARSHA BONNER CHIEF PEOPLE & CULTURE OFFICER 166822 0 0 0 0 0 7543 0 20359 0 194724 0 0 0 HECTOR VARGAS ACTING CHIEF NAT'L INITIATIVES OFC. 144108 0 0 0 0 0 0 0 7433 0 151541 0 0 0 PART I, LINES 4A-B IN ACCORDANCE WITH THE AGREEMENT WITH FOLLOWING EMPLOYEES, A SEVERANCE PAYMENT WAS MADE TO THEM UPON TERMINATION OF THEIR EMPLOYMENT: MARSHA BONNER, CHIEF PEOPLE & CULTURE OFFICER - $82,400 HECTOR VARGAS, ACTING CHIEF NAT'L INITIATIVES OFC. - $20,000 THESE AMOUNTS ARE A ONE-TIME PAYMENT INTENDED TO SUPPORT THE TRANSITION FOLLOWING THE EMPLOYEES DEPARTURE. THE SEVERANCE WAS NOT CONTINGENT ON PERFORMANCE OR REVENUE METRICS AND WAS CALCULATED BASED ON TENURE AND CONTRACTUAL TERMS. NO ADDITIONAL DEFERRED COMPENSATION OR NONQUALIFIED RETIREMENT PLAN BENEFITS WERE ASSOCIATED WITH THESE PAYMENTS. FOLLOWING ARE THE EMPLOYEES THAT PARTICIPATED IN THE 457B PLAN AND RECEIVED FOLLOWING EMPLOYER CONTRIBUTIONS IN 2024: MICHAEL ADAMS, CHIEF EXECUTIVE OFFICER - $44,683 LYNN FARIA, EXECUTIVE VICE PRESIDENT - $15,000 DAVID RIVERA-GARCIA, EXECUTIVE VP/CFO (UNTIL 03/25) - $14,000 CHRISTINA DACOSTA, CHIEF EXPERIENCE OFFICER - $5,000 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE CO-CHAIRS OF THE BOARD, THE CHAIR OF EACH OF THE FINANCE, DEVELOPMENT, NOMINATING AND GOVERNANCE, STRATEGIC PLANNING, AND DIVERSITY, EQUITY & INCLUSION COMMITTEES, AND ANY ADDITIONAL DIRECTORS SELECTED BY THE BOARD. THE EXECUTIVE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD SUBJECT TO THE LIMITATIONS LISTED IN THE EXECUTIVE COMMITTEE CHARTER, THE BYLAWS, AND APPLICABLE LAW. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD ON MATTERS THAT ARISE BETWEEN SCHEDULED BOARD MEETINGS OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. HOWEVER, THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWER OR AUTHORITY TO ACT ON BEHALF OF THE BOARD WITH RESPECT TO THE FOLLOWING MATTERS: CHANGING THE CERTIFICATE OF INCORPORATION OR BYLAWS; AMENDING SAGE'S MISSION; ELECTING BOARD MEMBERS; CHANGING THE MEMBERSHIP OF ANY COMMITTEE OF THE BOARD; ADOPTING AN AGREEMENT OF MERGER OR CONSOLIDATION; AUTHORIZING THE SALE OR LEASE OF SUBSTANTIALLY ALL OF SAGE'S PROPERTY AND ASSETS; AUTHORIZING THE DISSOLUTION OF SAGE; AND APPOINTING OR TERMINATING THE CEO. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED BY THE EXECUTIVE VP/CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICER. BEFORE FILING WITH THE IRS, THE 990 IS PROVIDED TO THE AUDIT COMMITTEE AND TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C SAGE HAS AN ESTABLISHED CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL QUESTIONNAIRE THAT DISCLOSES A BUSINESS OR FAMILY RELATIONSHIP WITH ANY OTHER OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE OF THE ORGANIZATION. BOARD MEMBERS ARE ALSO ASKED TO DISCLOSE IF THEY OR ANY FAMILY MEMBER HAVE HAD ANY BUSINESS TRANSACTION WITH THE ORGANIZATION OR ARE EMPLOYED BY THE ORGANIZATION. ANY POSSIBLE CONFLICT MUST BE BROUGHT TO THE ATTENTION OF AT LEAST ONE OF THE BOARD CO-CHAIRS AND THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD IS AUTHORIZED AND DESIGNATED BY THE BOARD OF DIRECTORS AS THE "APPROVAL BODY" FOR THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. A COMPENSATION POLICY HAS BEEN ESTABLISHED BY THE EXECUTIVE COMMITTEE FOR THIS POSITION. THE POLICY INCLUDES USING IMPARTIAL DECISION MARKERS, COMPARABILITY DATA AND CONCURRENT DOCUMENTATION. ONCE ESTABLISHED, A BOARD CO-CHAIR WILL NEGOTIATE THE PACKAGE WITH THE INDIVIDUAL WHICH IS THEN PRESENTED TO THE APPROVAL BODY FOR RATIFICATION. FORM 990, PART VI, SECTION C, LINE 19 SAGE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SAGE CROTONA 305 SEVENTH AVENUE 15TH FL NEW YORK NY 10001 821137303 REAL ESTATE NY SAGE C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0