SAY YES CLEVELAND SCHOLARSHIP INC Charity Report

Public IRS 990 nonprofit record

SAY YES CLEVELAND SCHOLARSHIP INC

EIN 83-3463932 · Scholarships & Student Financial Aid (B82)

What they do

to PROVIDE POST-SECONDARY TUITION SCHOLARSHIPS to ELIGIBLE STUDENTS GRADUATING FROM THE CLEVELAND METROPOLITAN SCHOOL DISTRICT and ITS PARTNERING CHARTER HIGH SCHOOLS. THE ORGANIZATION is CHARGED WITH OVERSIGHT and APPROVAL of POLICIES and PROCEDURES for THIS PROGRAM to ENSURE THE PROVISION of SCHOLARSHIPS is UNIVERSAL, EQUITABLE, and SUSTAINABLE. THE ORGANIZATION WORKS COLLABORATIVELY WITH THE SAY YES CLEVELAND OPERATING COMMITTEE. THE OPERATING COMMITTEE is RESPONSIBLE for EFFECTIVE IMPLEMENTATION and SUPPORT for THE STUDENT SERVICES COMPONENT of THE OVERALL SAY YES MISSION.OBJECTIVES of THE MISSION INCLUDE INCREASING THE EDUCATIONAL LEVEL of CLEVELAND RESIDENTS, IMPROVING COLLEGE ACCESS for MIDDLE and LOW INCOME FAMILIES IN CLEVELAND, INCREASING THE POPULATION IN THE CITY of CLEVELAND, and SPURRING ECONOMIC GROWTH and EXPANSION IN CLEVELAND THROUGH DEVELOPMENT and RETENTION of A HIGH-SKILLED FUTURE WORKFORCE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

831.73%of revenue went to mission work96.4% of expenses · Program services

$862.96spent for every $100 of revenueSpending was higher than revenue this year.

31.23%of revenue went to management and office costs3.6% of expenses

$20.68in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $5,389,874 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$706,444

Mission workProgram services$5,875,712831.73% of revenue96.4% of expenses

ManagementOffice and general costs$220,60631.23% of revenue3.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$6,096,318862.96% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.4% mission · 3.6% management · 0.0% fundraisingTotal expenses: 862.96% of revenue

2023Expense mix: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 45.17% of revenue

2022Expense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 212.15% of revenue

2021Expense mix: 93.4% mission · 4.5% management · 2.1% fundraisingTotal expenses: 74.39% of revenue

2020Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 48.85% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 2.91% of revenue

Money in and money out

Revenue$706,444

Expenses$6,096,318

Annual shortfall $5,389,874 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,875,712 · 96.4% of expenses

Management and office costs$220,606 · 3.6% of expenses

See all reported dollar amounts

Revenue$706,444

Expenses$6,096,318

Assets$126,054,780

Income$706,444

Contributions$706,444

Mission work (program services)$5,875,712

Management and general$220,606

Accounting fees$10,296

Investing fees$195,989

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (13)

ANDREW CONNORSBOARD MEMBER

ANN MULLINBOARD CHAIR

DIANE DOWNINGBOARD MEMBER

DOLORES GARCIABOARD MEMBER

DREW MARTINBOARD MEMBER

EDDIE TAYLOR JRBOARD VICE CHAIR

HELEN WILLIAMSBOARD MEMBER

LONNIE COLEMANBOARD MEMBER

MARK HANNABOARD MEMBER

ROBERT MARTENSTREASURER

SHAKORIE DAVISBOARD MEMBER

TERRI EASONBOARD MEMBER

VICTOR RUIZSECRETARY

About this charity

Recognized since: January 2019
Location: 6601 EUCLID AVE, CLEVELAND, OH 44103-3905
County: Cuyahoga
In care of: % KATHLEEN BRENNAN
Primary officer: ROBERT MARTENS, TREASURER

How to reach them

WebsiteVisit the charity’s website EmailHotlineScholarships@SayYesCleveland.org Phone(216) 454-5400

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MALONEY NOVOTNY LLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid