Say Yes Buffalo Scholarship Inc

Organization Overview

Say Yes Buffalo Scholarship Inc is located in Buffalo, NY. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Say Yes Buffalo Scholarship Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Say Yes Buffalo Scholarship Inc generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $13.5m during the year ending 06/2021. While expenses have increased by 18.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 76% DURING THE 2020/2021 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.


SAY 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Community Cares Program Buffalo Llc
Programming Operations
$876,660
My Precious Angels Childcare Inc
Programming Operations
$282,360
Child & Family Services
Back Office Support
$347,885
Grow With Us Daycare Center Inc
Programming Operations
$173,235
Peace Of Mind Quality Daycare Inc
Programming Operations
$241,395
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,610,000
All other contributions, gifts, grants, and similar amounts not included above$7,404,941
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,014,941
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,014,941

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Say Yes Buffalo Scholarship Inc has recieved totaling $1,278,509.

Awarding OrganizationAmount
Community Foundation For Greater Buffalo Inc

Buffalo, NY

PURPOSE: UNRESTRICTED USE; YARD SIGN PROJECT; ADMINISTRATIVE EXPENSES; SUMMER CAMP INITIATIVE

$299,608
Cullen Foundation

Buffalo, NY

PURPOSE: SAY YES BUFFALO SUMMER CAMP INITIATIVE

$250,000
John R Oishei Foundation

Buffalo, NY

PURPOSE: SAY YES BUFFALO BOYS AND MEN OF COLOR INITIATIVE

$200,000
Weiss Family Foundation

Hartford, CT

PURPOSE: TO SUPPORT PROGRAMS THAT PROMOTE POST-SECONDARY EDUCATION FOR AT-RISK CHILDREN.

$178,662
John R Oishei Foundation

Buffalo, NY

PURPOSE: SAY YES BUFFALO BOYS AND MEN OF COLOR INITIATIVE

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$99,670
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,388,310
Earnings$4,987,680
Net Contributions$728,835
Ending Balance$20,104,825

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