Overview
What is Say Yes Buffalo Scholarship Inc?
Say Yes Buffalo Scholarship Inc is a Buffalo, New York-based nonprofit organization, located at 1166 Jefferson Avenue A. Their mission is to remove barriers to educational attainment, workforce participation, and economic mobility for students in public and charter schools in Buffalo. They provide a post-secondary tuition promise and cradle-to-career comprehensive supports to increase high school and post-secondary completion rates and help students achieve fulfilling professional employment. The organization's collective impact partnership, centered on racial equity and inclusion, has led to a graduation rate increase of 79% for Buffalo Public School students during the 2021/2022 fiscal year. The scholarship fund at a community foundation administers the scholarship programs, offering financial assistance for all graduates of Buffalo public and charter schools to pursue a post-secondary education. The organization aims to create a more equitable and thriving Western New York economy by giving opportunities for all students to reach their full potential. A $100 million endowment fund campaign is ongoing to ensure the continuation of these initiatives in the future.
Official website here: www.sayyesbuffalo.org
What are the reviews and ratings of this charity?
88% rating from Charity Navigator leads to a Three-Star out of Four Star rating for Say Yes Buffalo Scholarship Inc. This rating reflects a strong performance in the Accountability & Finance category, indicating the organization's responsible management of resources and adherence to best practices in governance.
The organization demonstrates notable strengths, including an entirely independent board of directors and effective financial oversight, which has resulted in zero material diversion of assets. They excel in program expense ratio, indicating that a significant portion of their funding directly supports their programs. Their proactive policies, such as whistleblower and conflict of interest policies, further enhance their credibility.
However, there are some limitations, particularly regarding fundraising efficiency, which indicates higher costs relative to the funds raised. Additionally, while their liabilities to assets ratio is moderate, there may be areas for improvement in balancing their financial health. Overall, Say Yes Buffalo Scholarship Inc shows a commitment to accountability and effective program delivery but could benefit from enhancing their fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Say Yes Buffalo Scholarship Inc legitimate?
Say Yes Buffalo Scholarship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Say Yes Buffalo Scholarship Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,915,917
For more financial information, click here
Official website here: www.sayyesbuffalo.org
What is the mission statement of Say Yes Buffalo Scholarship Inc?
The Say Yes Buffalo Scholarship Inc is dedicated to eliminating obstacles to educational achievement, workforce participation, and economic mobility for students in public and charter schools. Based in a collective impact partnership that prioritizes racial equity and inclusion, this organization offers a post-secondary tuition promise and comprehensive, cradle-to-career supports to enhance high school and post-secondary completion rates and the attainment of rewarding professional employment. Their ultimate vision is to establish a more equitable and prosperous economy where all students have the chance to unlock their full potential.
Official website here: www.sayyesbuffalo.org
Who is the CEO of Say Yes Buffalo Scholarship Inc?
David Rust is the Director of Say Yes Buffalo Scholarship Inc. The CEO's salary of Say Yes Buffalo Scholarship Inc is $0 and their total compensation is $0.
Official website here: www.sayyesbuffalo.org
What is the revenue of Say Yes Buffalo Scholarship Inc?
Say Yes Buffalo Scholarship Inc's revenue in 2022 was $16,266,147.
Official website here: www.sayyesbuffalo.org
Who are the executives of Say Yes Buffalo Scholarship Inc and what are their salaries?
There 18 volunteers at Say Yes Buffalo Scholarship Inc.
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Official website here: www.sayyesbuffalo.org
Where can I find the form 990 for Say Yes Buffalo Scholarship Inc?
Say Yes Buffalo Scholarship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sayyesbuffalo.org
Learn more at the official website: www.sayyesbuffalo.org
Mission Statement of Say Yes Buffalo Scholarship Inc
Say Yes Buffalo Scholarship Inc is a collective impact partnership dedicated to eliminating barriers to educational attainment, workforce participation, and economic mobility for students in public and charter schools in Buffalo, New York. The mission of this organization, rooted in racial equity and inclusion, is geared towards providing a post-secondary tuition promise and cradle-to-career comprehensive supports to enhance the rates of high school and post-secondary completion and the realization of fulfilling professional employment.
Say Yes Buffalo Scholarship Inc envisions a more equitable and prosperous Western New York economy where all students have the chance to unlock their full potential. By removing obstacles that hinder educational progress and employment opportunities, the organization aims to empower students to thrive and contribute to their communities. The partnership's promise of post-secondary tuition ensures that financial constraints do not hinder students from pursuing higher education. Furthermore, the cradle-to-career comprehensive supports extend far beyond academics, offering students the necessary resources and guidance to navigate their educational journeys and succeed in their chosen careers.
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Impact
October, 2024
Say Yes Buffalo Scholarship Inc has significantly transformed the educational landscape for students in Buffalo, NY, by removing barriers to educational attainment and promoting career readiness. By providing a postsecondary tuition promise and comprehensive support services, the initiative enables students from public and charter schools to pursue higher education without the daunting financial burden that often deters them.
The organization emphasizes racial equity and inclusion, ensuring that all students, particularly from historically marginalized communities, have access to the resources necessary for academic success. This mission has led to tangible outcomes, including an impressive increase in the graduation rate for Buffalo public school students, which rose to 79% during the 2021/2022 fiscal year. Such a statistic not only reflects improved educational access but also instills a sense of hope among students and families who previously may not have considered college an attainable goal.
To sustain its impact, Say Yes Buffalo is actively pursuing a $100 million endowment fund campaign, ensuring that future generations will continue to receive the support they need to achieve their postsecondary education aspirations. By articulating the expectation of academic success and actively backing students through scholarships and opportunity grants, Say Yes Buffalo is fostering a more equitable and thriving economy in Western New York, where all students can reach their full potential.
This information is meant to be a general summary of Say Yes Buffalo Scholarship Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $16,266,147
Assets and Liabilities:
- Total Assets: $30,795,509
- Total Liabilities: $14,256,357
- Net Assets: $16,539,152
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Organization Details
Founding Year
2013
Phone
(716) 247-5310Principal Officer
David Rust
Main Address
1166 JEFFERSON AVENUE A, BUFFALO, NY, 14208
Website
www.sayyesbuffalo.orgNTEE Category
Code: B12 - Education
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