Civic Intelligence

Say Yes Buffalo Scholarship Inc

EIN 46-2867677 • 501(c)3 • Buffalo, NY

Profile

Say yes buffalo scholarship, inc. Is the fundraising affiliate of say yes buffalo, which is a chapter of say yes to education, inc., a national organization. The organization fundraises to support college tuition through the provision of scholarships and grants in collaboration with say yes buffalo. Say yes buffalo supports educational initiatives within the city of buffalo, new york to remove barriers to elementary and secondary school academic achievement.

712 Main StreetBuffalo, NY 14202

www.sayyesbuffalo.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.09x

Higher debt load relative to assets than 26% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.09x

Higher debt load relative to revenue than 16% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Net Margin

95th percentile

63%

Higher net margin than 95% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$310,126

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2024

Asset Growth

94th percentile

65%

Faster asset growth than 94% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

289%

Faster revenue growth than 99% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$34,528,536

Up $3,733,027 (+12%) from 2022

Liabilities

Up

$17,417,352

Up $3,160,995 (+22%) from 2022

Net Assets

Up

$17,111,184

Up $572,032 (+3.5%) from 2022

Revenue

Down

$13,631,405

Down $2,634,742 (-16%) from 2022

Expenses

Up

$13,856,857

Up $1,752,027 (+14%) from 2022

Net Income

Down

-$225,452

Down $4,386,769 (-105%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2014: $5,197,430Liabilities 2014: $0Net Assets 2014: $5,197,4302014Assets 2015: $4,291,012Liabilities 2015: $0Net Assets 2015: $4,291,0122015Assets 2016: $3,647,606Liabilities 2016: $0Net Assets 2016: $3,647,6062016Assets 2017: $3,661,297Liabilities 2017: $0Net Assets 2017: $3,661,2972017Assets 2018: $2,900,602Liabilities 2018: $0Net Assets 2018: $2,900,6022018Assets 2019: $6,220,474Liabilities 2019: $763,616Net Assets 2019: $5,456,8582019Assets 2020: $19,335,165Liabilities 2020: $10,715,422Net Assets 2020: $8,619,7432020Assets 2021: $26,879,466Liabilities 2021: $15,628,039Net Assets 2021: $11,251,4272021Assets 2022: $30,795,509Liabilities 2022: $14,256,357Net Assets 2022: $16,539,1522022Assets 2023: $34,528,536Liabilities 2023: $17,417,352Net Assets 2023: $17,111,1842023

Highlighted filing

2023

Assets$34,528,536
Liabilities$17,417,352
Net Assets$17,111,184

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,009,233Expenses 2014: $3,256,030Net Income 2014: -$1,246,7972014Revenue 2015: $2,043,551Expenses 2015: $2,949,969Net Income 2015: -$906,4182015Revenue 2016: $4,212,250Expenses 2016: $4,855,656Net Income 2016: -$643,4062016Revenue 2017: $2,630,324Expenses 2017: $2,616,633Net Income 2017: $13,6912017Revenue 2018: $1,613,463Expenses 2018: $2,374,978Net Income 2018: -$761,5152018Revenue 2019: $5,050,737Expenses 2019: $2,644,066Net Income 2019: $2,406,6712019Revenue 2020: $10,447,829Expenses 2020: $7,297,598Net Income 2020: $3,150,2312020Revenue 2021: $14,014,941Expenses 2021: $13,504,263Net Income 2021: $510,6782021Revenue 2022: $16,266,147Expenses 2022: $12,104,830Net Income 2022: $4,161,3172022Revenue 2023: $13,631,405Expenses 2023: $13,856,857Net Income 2023: -$225,4522023

Highlighted filing

2023

Revenue$13,631,405
Expenses$13,856,857
Net Income-$225,452

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 19, 2021
Return Version
2019v5.2
Gross Receipts
$10,461,681
Mission and Program Overview

Mission

Say yes buffalo scholarship, inc. Is the fundraising affiliate of say yes buffalo, which is a chapter of say yes to education, inc., a national organization. The organization fundraises to support college tuition through the provision of scholarships and grants in collaboration with say yes buffalo. Say yes buffalo supports educational initiatives within the city of buffalo, new york to remove barriers to elementary and secondary school academic achievement.

The mission of the say yes buffalo partnership is to remove barriers to educational attainment, workforce participation and economic mobility for students in public and charter schools in buffalo, ny. Our collective impact partnership, centered on racial equity and inclusion, provides a postsecondary tuition promise and cradle to career comprehensive supports to increase the rates of high school and postsecondary completion and the achievement of fulfilling professional employment. Our vision is a more equitable and thriving western new york economy in which all students will have the opportunity to reach their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,813,844$2,608,450▼ $205,394
Cash and Non-Interest-Bearing Accounts$228,510$2,178,535▲ $1,950,025
Total Assets$6,220,474$19,335,165▲ $13,114,691
Other Assets Total$3,178,120$14,548,180▲ $11,370,060
Liabilities
Deferred Revenue$30,015$10,550,360▲ $10,520,345
Accounts Payable and Accrued Expenses$733,601$165,062▼ $568,539
Total Liabilities$763,616$10,715,422▲ $9,951,806
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,441,964$6,149,083▲ $707,119
Net Assets Without Donor Restrictions$14,894$2,470,660▲ $2,455,766
Total Net Assets Fund Balance$5,456,858$8,619,743▲ $3,162,885
Total Liabilities and Net Assets / Fund Balance$6,220,474$19,335,165▲ $13,114,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$159,870--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,267,264$10,558,032▲ $563,014-$14,388,310
2018$249,342$2,872,534▲ $149,585$4,197$3,267,264
2017-$249,015▲ $820$493$249,342
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Child & Family ServicesProgramming Operations And Oversight330 DELAWARE AVENUE, Buffalo, NY 14202$4,372,032
Child & Family ServicesBack Office Support330 DELAWARE AVENUE, Buffalo, NY 14202$281,793
Revenue and Support

Revenue Composition

Contributions and Grants
$10,452,520
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-4,691
All Other Contributions
$10,452,520
Change in Net Assets
$3,150,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,447,829
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,654
Total Revenue per Audited Statements
$10,460,483
Total Revenue per Form 990
$10,447,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,757,629
Grants and Similar Amounts Paid$1,539,969
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,459,412--$5,459,412
Grants to Domestic Orgs$1,539,969--$1,539,969
Fees for Services Management-$281,793-$281,793
Other Expenses$16,424--$16,424
Total Functional Expenses$7,015,805$281,793$0$7,297,598

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,297,598
Total Expenses per Audited Statements$7,297,598
Total Expenses per Form 990$7,297,598
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Foundation for Greater Buffalo IncBuffalo, NY501(c)(3)To Fund Say Yes Buffalo Scholarship Assistance Program$1,539,969
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,852
Fundraising Gross Income$9,161
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common Board Members, and the CEO of the Cfgb Is a Board Member of Say YesSay Yes Directs Its Donors to Remit Payments of Contributions for Say Yes to the Cfgb, Who Maintains and Administers the Scholarship Fund and Endowment Fund.No$1,539,969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 has been provided to the directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Directors and officers annually complete a questionnaire to identify any conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization makes available the subject documents available upon request.

FORM 990; PART VII; SECTION A

David rust is the executive director of say yes buffalo scholarship, inc. For payroll purposes, he is an employee of child & family services, who manages the programs and administrative functions on behalf of say yes buffalo scholarship, inc. David rust's salary is included in the administrative fee paid to child & family services.

Filing and Contact Details

Filer

Filer Name
Say Yes Buffalo Scholarship Inc
EIN
46-2867677
Phone
7162475310
Address
712 MAIN STREET, BUFFALO, NY 14202

Signing Officer

Name
William Joyce
Title
Chairman
Phone
7168522857
Signed
2021-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Joyce
Formed
2013
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Dopkins & Company Llp
Address
200 INTERNATIONAL DR, BUFFALO, NY 14221-5794
Preparer
Karen Costa
Phone
7166348800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other expenses: program service expenses 5,459,412. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,459,412.

FORM 990, PART XI, LINE 9:

Gain on beneficial interest in assets held by a community foundation 12,654.

FORM 990; PART XII; LINE 2C

The process has not changed from the prior year.

FORM 990-RELATIONSHIPS THAT DON'T MEET THE REPORTING REQUIREMENTS SCHEDULE

Certain contributions are directly deposited into a scholarship fund or endowment funds held and administered by the community foundation for greater buffalo, inc. (the foundation). The organization has agreements with the foundation authorizing them to collect pledges, receive contributions and administer the funds in accordance with the foundation's guidelines and policies. The president/ceo and three members of the board of directors of the foundation were also on the board of directors of the organization during the organization's year ended june 30, 2020.

Financial Statement Notes

PART X, LINE 2:

The organization is an organization exempt from taxation under section 501(c)(3) of the internal revenue code. It is highly certain that some positions taken for income tax purposes would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The organization is not aware of any uncertain tax positions. The tax returns for the tax years ended 2017 through 2020 remain subject to examination by the internal revenue service for u.s. Federal tax purposes and also by new york state for state tax purposes.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gain on beneficial interest in assets held by a community foundation 12,654.

Sch D, Part V, Line 4

The endowment fund is restricted for the use of scholarships.

Raw XML AppendixShowing 400 of 495 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE SAY YES BUFFALO PARTNERSHIP IS TO REMOVE BARRIERS TO EDUCATIONAL ATTAINMENT, WORKFORCE PARTICIPATION AND ECONOMIC MOBILITY FOR STUDENTS IN PUBLIC AND CHARTER SCHOOLS IN BUFFALO, NY. OUR COLLECTIVE IMPACT PARTNERSHIP, CENTERED ON RACIAL EQUITY AND INCLUSION, PROVIDES A POSTSECONDARY TUITION PROMISE AND CRADLE TO CAREER COMPREHENSIVE SUPPORTS TO INCREASE THE RATES OF HIGH SCHOOL AND POSTSECONDARY COMPLETION AND THE ACHIEVEMENT OF FULFILLING PROFESSIONAL EMPLOYMENT. OUR VISION IS A MORE EQUITABLE AND THRIVING WESTERN NEW YORK ECONOMY IN WHICH ALL STUDENTS WILL HAVE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.
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IRS990/Desc0SYBS RAISES FUNDS TO SUPPORT COLLEGE TUITION AND RELATED EDUCATIONAL EXPENDITURES THROUGH THE PROVISION OF SCHOLARSHIPS AND GRANTS. FUNDS RAISED ARE TRANSFERRED TO A SCHOLARSHIP FUND AT A COMMUNITY FOUNDATION FOR ADMINISTRATION OF THE SCHOLARSHIP PROGRAMS. THE SCHOLARSHIP FUND PROVIDES SCHOLARSHIPS FOR ALL GRADUATES OF BUFFALO PUBLIC AND CHARTER SCHOOLS TO PURSUE A POST-SECONDARY EDUCATION. THIS SCHOLARSHIP PROGRAM SERVES TO ARTICULATE THE POSSIBILITY AND EXPECTATION OF POST-SECONDARY COMPLETION FOR ALL STUDENTS AND GIVES HOPE TO STUDENTS AND FAMILIES WHO MAY NOT OTHERWISE HAVE THOUGHT THAT COLLEGE IS AN OPTION. THE GRADUATION RATE FOR BUFFALO PUBLIC SCHOOL STUDENTS INCREASED TO 76% DURING THE 2019/2020 FISCAL YEAR. SAY YES BUFFALO SCHOLARSHIP, INC. HAS INITIATED A $100 MILLION ENDOWMENT FUND CAMPAIGN TO CONTINUE TO SUPPORT THE SCHOLARSHIP PROGRAM INTO THE FUTURE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIR
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IRS990/FormationYr02013
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IRS990/GrantsToOrganizationsInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MISSION OF THE SAY YES BUFFALO PARTNERSHIP IS TO REMOVE BARRIERS TO EDUCATIONAL ATTAINMENT, WORKFORCE PARTICIPATION AND ECONOMIC MOBILITY FOR STUDENTS IN PUBLIC AND CHARTER SCHOOLS IN BUFFALO, NY. OUR COLLECTIVE IMPACT PARTNERSHIP, CENTERED ON RACIAL EQUITY AND INCLUSION, PROVIDES A POSTSECONDARY TUITION PROMISE AND CRADLE TO CAREER COMPREHENSIVE SUPPORTS TO INCREASE THE RATES OF HIGH SCHOOL AND POSTSECONDARY COMPLETION AND THE ACHIEVEMENT OF FULFILLING PROFESSIONAL EMPLOYMENT. OUR VISION IS A MORE EQUITABLE AND THRIVING WESTERN NEW YORK ECONOMY IN WHICH ALL STUDENTS WILL HAVE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM JOYCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SAY YES BUFFALO SCHOLARSHIP, INC. HAS ENTERED INTO CONTRACTS AND GRANTS TO PROVIDE SCHOOL BASED WRAP AROUND SUPPORT SERVICES IN THE BUFFALO PUBLIC SCHOOLS.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID EXPENSES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN FOR INCOME TAX PURPOSES WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE ORGANIZATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. THE TAX RETURNS FOR THE TAX YEARS ENDED 2017 THROUGH 2020 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR U.S. FEDERAL TAX PURPOSES AND ALSO BY NEW YORK STATE FOR STATE TAX PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 12,654.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ENDOWMENT FUND IS RESTRICTED FOR THE USE OF SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCH D, PART V, LINE 4
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01539969
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND SAY YES BUFFALO SCHOLARSHIP ASSISTANCE PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY FOUNDATION FOR GREATER BUFFALO INC
IRS990ScheduleI/RecipientTable/RecipientEIN0222743917
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0726 EXCHANGE STREET 525
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BUFFALO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd014210
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE TO A SCHOLARSHIP FUND MAINTAINED AT THE COMMUNITY FOUNDATION FOR GREATER BUFFALO, INC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0COMMUNITY FOUNDATION FOR GREATER BUFFALO INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD MEMBERS, AND THE CEO OF THE CFGB IS A BOARD MEMBER OF SAY YES
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01539969
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SAY YES DIRECTS ITS DONORS TO REMIT PAYMENTS OF CONTRIBUTIONS FOR SAY YES TO THE CFGB, WHO MAINTAINS AND ADMINISTERS THE SCHOLARSHIP FUND AND ENDOWMENT FUND.

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