2024-06-24T12:33:44-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-09-01 842853988 SAPIENTIA INITIATIVE INC SAPI 9176393425 115 WEST 27TH STREET NEW YORK NY 10001 NANETTE WALSH EXECUTIVE DIRECTOR 9176393425 2024-06-24 1 NANETTE WALSH XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-06-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NANETTE WALSH 115 WEST 27TH STREET NEW YORK NY 10001 537273 0 X HTTPS://SAPIENTIAINITIATIVE.ORG X 2019 DE SAPIENTIA INITIATIVE'S MISSION IS TO INCREASE AWARENESS OF, AND ACCESS TO, THE ALEXANDER TECHNIQUE FOR ALL. THE ALEXANDER TECHNIQUE IS A WELL-ESTABLISHED EDUCATIONAL METHOD AND SOMATIC PRACTICE THAT RELEASES PATTERNS OF CHRONIC PAIN AND TENSION THAT HAVE HABITUALLY BECOME A FIXED PART OF HOW A PERSON THINKS, MOVES, BREATHES, AND ACTS IN THE WORLD. THE TECHNIQUE WORKS WITH THE MUSCULOSKELETAL AND RESPIRATORY SYSTEMS IN CONNECTION WITH COGNITIVE PROCESSES TO HELP RELIEVE CHRONIC PAIN, REDUCE STRESS, AND IMPROVE POSTURE, COORDINATION, AND BREATHING. IT IS USED BY MANY PERFORMERS FOR GREATER EASE AND ACCURACY OF MOVEMENT. 3 2 2 12 0 0 401588 382935 130831 153540 0 783 595 15 533014 537273 100 0 0 0 140224 152400 3840 2610 20243 270552 258832 414716 413842 118298 123431 605221 585601 318747 175696 286474 409905 SAPIENTIA INITIATIVE'S MISSION IS TO INCREASE AWARENESS OF, AND ACCESS TO THE ALEXANDER TECHNIQUE; THAT IS, TO HELP PEOPLE LEARN TO THINK, FEEL, BREATHE, MOVE AND PERFORM BETTER IN EVERYTHING THEY DO. 0 0 225832 0 138567 NATIONALLY CERTIFIED TEACHER TRAINING PROGRAM (1,600 HOURS COMPLETED IN A MINIMUM OF 3 YEARS, WITH A 5-TO-1 STUDENT TEACHER RATIO). THE ORGANIZATION'S TEACHER TRAINING COURSE CONTINUED TO DEVELOP, NURTURE, AND OFFER TEACHING OF THE HIGHEST STANDARDS ACCORDING TO THE PRINCIPLES OF F.M. ALEXANDER. IT PROVIDED FINANCIAL ASSISTANCE TO STUDENTS IN NEED, AND SUCCESSFULLY GRADUATED SIX NEW TEACHERS FOR NATIONAL CERTIFICATION. 125588 0 14973 ALEXANDER TECHNIQUE (AT) FACILITATION, EXPANSION, AND OUTREACH. SAPIENTIA CONTINUED TO SERVE AS A SUSTAINABLE AND EXPANDING LEARNING COMMUNITY FOR THOSE SEEKING PERSONAL GROWTH, HEALTH AND WELL-BEING THROUGH THE AT. TO THIS END, SAPIENTIA'S COMMUNITY OUTREACH PROGRAM "AT FOR ALL" PROVIDED DISCOUNTED AND NO-COST PRIVATE LESSONS TO THOSE WHO WOULD NOT HAVE OTHERWISE HAD THE OPPORTUNITY TO STUDY. WE OFFERED SEASONAL HYBRID AND IN-PERSON GROUP CLASSES FOR THE GENERAL PUBLIC, AND CONTINUED LEARNING FOR TEACHERS, VIA "SAPIENTIA SERIES". TO FACILITATE PRIVATE AT LESSONS, THE CENTER'S FULLY-EQUIPPED ROOMS WERE OFFERED FREE TO STUDENTS TRAINING TO BE TEACHERS, AND AT BELOW-MARKET RATES FOR TEACHERS AND FACULTY. FINALLY, AN UPSTATE LAND ASSET WAS MAINTAINED AS A POTENTIAL SITE FOR FUTURE RESIDENTIAL COURSES OUTSIDE OF THE CITY. 351420 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 NY X X NANETTE WALSH 9176393425 115 WEST 27TH STREET NEW YORK NY 10001 NANETTE WALSH EXECUTIVE DIRECTOR AND SECRETARY 40.00 X X 76000 0 0 JOSEPH ESPOSITO CHAIR, THRU 2/7/23 1.00 X X 0 0 0 KELLEEN KIELY INTERIM CHAIR AND TREASURER 1.00 X X 0 0 0 ALBERT GLOWASKY DIRECTOR 1.00 X 0 0 0 76000 0 0 0 0 0 0 0 382935 382935 TRAINING FEES 900099 153540 153540 153540 783 783 OTHER INCOME 900099 15 15 15 537273 153540 0 798 X 72500 60906 3987 7607 59323 49836 3263 6224 1840 1748 92 7186 5408 709 1069 11551 9706 634 1211 1805 1805 31067 1680 29150 237 2610 2610 57126 56886 80 160 15116 14579 88 449 6322 5405 438 479 4916 4916 126957 126957 139 104 14 21 1614 962 652 4976 4976 3471 2028 1359 84 REPAIRS & MAINTENANCE 5323 5323 413842 351420 42179 20243 198286 49051 0 249103 1283 10248 3910 0 93997 16455 82115 77542 319627 199657 605221 585601 24707 5389 4113 350 289927 169957 318747 175696 X 286474 409905 0 0 286474 409905 605221 585601 123431 0 X 1 X 0 0 0 X 351365 90400 401588 382935 1226288 92569 147737 130871 153540 524717 443934 238137 532459 536475 1751005 351000 85000 370544 382650 1189194 0 351000 85000 370544 382650 1189194 561811 397 3335 0 783 4515 397 3335 783 4515 6429 555 15 6999 450760 241472 533014 537273 1762519 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: REFUNDS - 2019 AMOUNT: $ 6,397. 2021 AMOUNT: $ 555. OTHER INCOME - 2019 AMOUNT: $ 32. 2022 AMOUNT: $ 15. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68488 68488 23232 15540 7692 2277 915 1362 77542 RIGHT OF USE ASSETS 169957 SECURITY DEPOSITS 29700 199657 OPERATING LEASE LIABILITY 169957 169957 X PART X, LINE 2: THE ORGANIZATION FILES THE FORM 990 IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, AS OF AUGUST 31, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEAR ENDED PRIOR TO AUGUST 31, 2020. THE TAX RETURNS FOR THE YEARS ENDED AUGUST 31, 2020 THROUGH AUGUST 31, 2022 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS. MANAGEMENT BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 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 B, LINE 15A PRIOR TO FORMULATING AND APPROVING THE FISCAL YEAR-END 8/31/2023 COMPENSATION FOR THE EXECUTIVE DIRECTOR, NANETTE WALSH, SAPIENTIA INITIATIVE'S BOARD CONDUCTED AN IN-DEPTH REVIEW OF THE MARKET RATE FOR SIMILAR EXECUTIVE DIRECTOR POSITIONS IN THE NYC/METRO AREA. COMMUNICATION REGARDING THIS RESEARCH WAS VIA EMAIL AND PHONE CONVERSATIONS WITHOUT THE INVOLVEMENT OF MS. WALSH. BOARD MEMBERS, EXCLUDING MS. WALSH, UNANIMOUSLY APPROVED HER SALARY IN SEPTEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023 AND 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 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G TEACHERS AND MANAGERS: PROGRAM SERVICE EXPENSES 55,521. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,521. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 1,365. MANAGEMENT AND GENERAL EXPENSES 80. FUNDRAISING EXPENSES 160. TOTAL EXPENSES 1,605.