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Nonprofiteer
← SAY YES TO EDUCATION INC

Form 990 for tax year 2022

Filed by SAY YES TO EDUCATION INC.

Totals

Total revenue
-$14
Total expenses
$4,471,071
Contributions and grants received
$0
Grants paid
$4,465,527
Program service revenue
$0
Investment income
-$14
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$4,465,527
Management and general expenses
$5,544
Fundraising expenses
$0
Program service expenses (Part III)
$4,465,527

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 7a · Gross sales of assets other than inventory

    other assets $7,139,510

  • 7b · Less cost or other basis and sales expenses

    other assets $7,139,524

  • 7c · Gain or loss

    other assets -$14

  • 7d · Net gain or loss

    total -$14 · excluded -$14

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,465,527 · program services $4,465,527

  • 11b · Fees: legal

    total $612 · management and general $612

  • 11c · Fees: accounting

    total $2,935 · management and general $2,935

  • 11g · Fees: other

    total $969 · management and general $969

  • 13 · Office expenses

    total $1,028 · management and general $1,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $45,040 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $7,139,524 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,588,479 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $125,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,471,085 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PARTNER WITH COMMUNITIES TO PROVIDE ACADEMIC AND NON-ACADEMIC SERVICES TO CHILDREN TO SUPPORT EDUCATION KINDERGARTEN THROUGH COLLEGE.

  • SAY YES TO EDUCATION, INC. DISSOLVED ON 7/30/21. CHAPTER PROGRAMS ARE STANDING ON THEIR OWN TO PROVIDE THE MUCH NEEDED SUPPORT SERVICES FOR THE LOCAL STUDENTS.

  • Expenses $4,465,527 · Grants $4,465,527

As filed on the 2022 return.

Listed in Part VII

  • George A Weiss

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mary Anne Schmitt-Carey

    FORMER CEO

    Total calculated
    $550,000
    From this org
    $550,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $550,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $550,000

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
FORMER PRESIDENT/CEO MARY ANNE SCHMITT-CAREY RECEIVED SEVERANCE OF $550,000

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
3 April 2023
IRS schema version
2022v5.0
Source object
202320939349300632

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