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Nonprofiteer
← SAY YES BUFFALO SCHOLARSHIP INC

Form 990 for tax year 2022

Filed by SAY YES BUFFALO SCHOLARSHIP INC.

Totals

Total revenue
$13,631,405
Total expenses
$13,856,857
Contributions and grants received
$13,631,405
Grants paid
$1,025,092
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$34,528,536
Total liabilities, end of year
$17,417,352
Net assets or fund balances, end of year
$17,111,184
Program services expenses (Part IX)
$11,878,771
Management and general expenses
$1,978,086
Fundraising expenses
$0
Program service expenses (Part III)
$11,878,771

Program services were 85.7% 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.

  • 1c · Fundraising events

    $89,204

  • 1e · Government grants (contributions)

    $6,403,323

  • 1f · All other contributions, gifts and grants

    $7,138,878

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $89,204

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,025,092 · program services $1,025,092

  • 5 · Compensation of officers, directors and key employees

    total $486,052 · management and general $486,052

  • 7 · Other salaries and wages

    total $7,192,501 · program services $6,607,024 · management and general $585,477

  • 8 · Pension plan contributions

    total $174,496 · program services $144,598 · management and general $29,898

  • 9 · Other employee benefits

    total $786,001 · program services $710,614 · management and general $75,387

  • 10 · Payroll taxes

    total $541,458 · program services $465,285 · management and general $76,173

  • 11b · Fees: legal

    total $46,578 · program services $745 · management and general $45,833

  • 11c · Fees: accounting

    total $37,400 · program services $599 · management and general $36,801

  • 11g · Fees: other

    total $2,080,660 · program services $1,940,027 · management and general $140,633

  • 12 · Advertising and promotion

    total $25,927 · program services $11,872 · management and general $14,055

  • 13 · Office expenses

    total $97,843 · program services $78,209 · management and general $19,634

  • 14 · Information technology

    total $153,804 · program services $109,521 · management and general $44,283

  • 16 · Occupancy

    total $167,672 · program services $66,681 · management and general $100,991

  • 20 · Interest

    total $10,237 · management and general $10,237

  • 22 · Depreciation, depletion and amortization

    total $128,732 · management and general $128,732

  • 23 · Insurance

    total $37,033 · program services $727 · management and general $36,306

  • 24a · Other expenses: MATCHING GRANTS

    total $290,000 · program services $290,000

  • 24b · Other expenses: PROGRAM SUPPLIES & EXPE

    total $189,147 · program services $189,147

  • 24c · Other expenses: PROGRAM EVENTS

    total $181,961 · program services $125,023 · management and general $56,938

  • 24d · Other expenses: OTHER OPERATING EXPENSE

    total $92,649 · program services $38,497 · management and general $54,152

  • 24e · All other expenses

    total $111,614 · program services $75,110 · management and general $36,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,235,035 · end of year $75,186

  • 3 · Pledges and grants receivable

    beginning of year $8,497,412 · end of year $8,249,083

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105,773 · end of year $177,376

  • 10a · Land, buildings and equipment: cost or other basis

    $1,158,138

  • 10b · Land, buildings and equipment: accumulated depreciation

    $139,220

  • 10c · Land, buildings and equipment, net

    beginning of year $1,129,269 · end of year $1,018,918

  • 15 · Other assets

    beginning of year $19,828,020 · end of year $25,007,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,093,376 · end of year $1,667,738

  • 19 · Deferred revenue

    beginning of year $12,992,656 · end of year $13,655,431

  • 23 · Secured mortgages and notes payable

    end of year $1,266,362

  • 25 · Other liabilities

    beginning of year $170,325 · end of year $827,821

  • 27 · Net assets without donor restrictions

    beginning of year $3,687,273 · end of year $1,622,585

  • 28 · Net assets with donor restrictions

    beginning of year $12,851,879 · end of year $15,488,599

Mission and programs · 2022

Mission

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.

  • SYBS RAISES FUNDS TO SUPPORT COLLEGE TUITION AND RELATED EDUCATIONAL EXPENDITURES THROUGH THE PROVISION OF SCHOLARSHIPS AND OPPORTUNITY 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 79% DURING THE 2021/2022 FISCAL YEAR. SAY YES BUFFALO SCHOLARSHIP, INC. HAS INITIATED A $65 MILLION ENDOWMENT FUND CAMPAIGN TO CONTINUE TO SUPPORT THE SCHOLARSHIP PROGRAM INTO THE FUTURE.

    Expenses $1,049,574 · Grants $1,025,092 · Revenue $4,100,946

  • SAY YES BUFFALO SCHOLARSHIP, INC. HAS ENTERED INTO CONTRACTS AND GRANTS TO PROVIDE SCHOOL BASED WRAP AROUND SUPPORT SERVICES IN THE BUFFALO PUBLIC SCHOOLS.

    Expenses $10,829,197 · Revenue $9,530,459

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Betsy Constantine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Francisco M Vasquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary Quenneville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gretchen Geitter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jack Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kendra Brim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kenya K Hobbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marsha Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melissa Baumgart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael J Edbauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michelle-Marie Gant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Temara Cross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Trina Burruss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bill Gisel

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Brigid Doherty

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • David Rust

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $319,210
    From this org
    $296,787
    From related orgs
    $0
    Other
    $22,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,787
    Bonus
    $30,000
    Other
    $0
    Deferred
    $6,915
    Nontaxable benefits
    $15,508
    Filer's total
    $319,210

  • Laura Deluca

    CHIEF FINANCIAL OFFICER

    Total calculated
    $165,802
    From this org
    $157,064
    From related orgs
    $0
    Other
    $8,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,664
    Bonus
    $7,400
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,738
    Filer's total
    $165,802

  • Stephen Swift

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Yvonne Minor Ragan

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Daphne Ross

    CHIEF IMPACT OFFICER

    Total calculated
    $109,457
    From this org
    $103,617
    From related orgs
    $0
    Other
    $5,840
    Hours/week
    40

  • Tanya Staples

    SENIOR DIRECTOR OF COMMUNITY SCHOOLS

    Total calculated
    $130,215
    From this org
    $115,985
    From related orgs
    $0
    Other
    $14,230
    Hours/week
    40

  • Michelle Morales

    SAY YES NYC MANAGING DIR OF STUDENT SVCS

    Total calculated
    $112,155
    From this org
    $105,778
    From related orgs
    $0
    Other
    $6,377
    Hours/week
    40

  • Lidia Torres

    SAY YES NYC CHAPTER DIRECTOR

    Total calculated
    $148,474
    From this org
    $135,534
    From related orgs
    $0
    Other
    $12,940
    Hours/week
    40

  • Emily Wycoff

    SR. DIR. OF DEV AND STRATEGIC PARTNERSHIPS

    Total calculated
    $129,258
    From this org
    $109,192
    From related orgs
    $0
    Other
    $20,066
    Hours/week
    40

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

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202401359349303700

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