2021-05-05T16:03:08-05:00 2020-06-30 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2019-07-01 223139858 SAY YES TO EDUCATION INC SAYY 8602408900 ONE STATE STREET 20TH FLOOR HARTFORD CT 06103 GEORGE WEISS CHAIRMAN 8602408900 2021-05-05 1 KAY VOLLANS CPA P01404047 3015643636 2019 2022-09-23 18:48:47Z GEORGE WEISS ONE STATE STREET 20TH FLOOR HARTFORD CT 06103 13594770 0 X WWW.SAYYESTOEDUCATION.ORG X 1987 CT TO PARTNER WITH COMMUNITIES TO PROVIDE ACADEMIC AND NON-ACADEMIC SERVICES TO CHILDREN TO SUPPORT EDUCATION KINDERGARTEN THROUGH COLLEGE. 14 13 38 250 0 0 7548917 2950334 574000 7500 924195 1385906 -340480 0 8706632 4343740 6524502 6127199 0 0 5774043 3503606 84640 0 1593074 5287875 4346894 17671060 13977699 -8964428 -9633959 19747144 8095661 2179667 499730 17567477 7595931 X SEE SCHEDULE O 0 0 4499506 3786688 BUFFALO, NY CHAPTER:BUFFALO CHAPTER EMBRACES THE ENTIRE CITY SCHOOL DISTRICT, IMPLEMENTING SUPPORT SERVICES TO ADDRESS ACADEMIC, SOCIAL/EMOTIONAL AND HEALTH NEEDS OF STUDENTS. UNLIKE SYRACUSE, BUFFALO PUBLIC SCHOOLS WERE DIVIDED INTO FOUR COHORTS, WITH EACH INCLUDING EQUAL REPRESENTATION OF HIGH, MID AND LOW PERFORMING SCHOOLS. THE FOLLOWING SERVICES HAVE BEEN ROLLED OUT TO EACH COHORT: AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAMMING, COLLEGE COACHING, MENTORING, TUTORING AND ACADEMIC ASSISTANCE, PARENT CENTERS, A CITY-WIDE BOYS AND MEN OF COLOR EFFORT AND LEGAL ASSISTANCE FOR FAMILIES. ADDITIONAL SERVICES CURRENTLY AVAILABLE ARE SCHOLARSHIPS AND STUDENT MONITORING. 3456813 1384705 CLEVELAND, OH CHAPTER:CLEVELAND, OH CHAPTER WAS OFFICIALLY ADDED TO THE SAY YES COMMUNITY IN THE 2019 FISCAL YEAR. THE PROGRAMMING OUTLINE WILL MIRROR THE BUFFALO, NY CHAPTER. IMPLEMENTING SUPPORT SERVICES TO ADDRESS ACADEMIC, SOCIAL/EMOTIONAL AND HEALTH NEEDS OF STUDENTS. FAMILY SUPPORT SPECIALISTS, LEGAL SERVICES, AFTER SCHOOL AND SUMMER PROGRAMS ARE ROLLING OUT CURRENTLY. 1229576 HARLEM, NY COHORT:HARLEM CURRENTLY WORKS WITH 270 STUDENTS. THIS WAS THE FIRST SAY YES COHORT TO IMPLEMENT THE STUDENT MONITORING SYSTEM. A RANGE OF SUPPORTS ARE PROVIDED TO THE STUDENTS AND FAMILIES, INCLUDING EXTENDED DAY/YEAR PROGRAMMING, TUTORING, FAMILY OUTREACH AND SUPPORT, SOCIAL SERVICES, SCHOLARSHIPS TO HIGH SCHOOL GRADUATES, AS WELL AS PARENT AND SIBLING FINANCIAL ASSISTANCE FOR HIGHER EDUCATION, AND FREE LEGAL SERVICES. THESE SERVICES HELP TO CREATE A POSITIVE, SUSTAINING FRAMEWORK FOR EACH STUDENT'S ACADEMIC EXPERIENCE-ONE THAT ENCOURAGES AND REWARDS CONTINUED EFFORT. 1203678 955806 GUILFORD, NC CHAPTER:GUILFORD COUNTY, NORTH CAROLINA CHAPTER HAS TRANSFERRED FISCAL RESPONSIBILITIES TO A LOCAL ORGANIZATION. SAY YES TO EDUCATION IS STILL FINANCIALLY SUPPORTING, AND WORKING WITH THIS CHAPTER TO CONTINUE TO SCALE A SUSTAINABLE SCHOLARSHIP PROGRAM COUNTY-WIDE AND TO SCALE NON-ACADEMIC SUPPORTS THAT WILL ENHANCE POSTSECONDARY SUCCESS. 583122 SYRACUSE, NY CHAPTER:THIS IS SAY YES'S FIRST CITY-WIDE CHAPTER. SAY YES SYRACUSE COMBINES AN EARLY INCENTIVE OF COLLEGE EDUCATION WITH HIGH QUALITY AND SUSTAINED ACADEMIC, SOCIAL, EMOTIONAL, HEALTH AND FAMILY SUPPORTS THROUGHOUT THE K-12 YEARS. IN SCHOOL SUPPORTS INCLUDE: EXTENDED DAY AND YEAR PROGRAMS, TUTORING, MENTORING, FAMILY OUTREACH AND ENGAGEMENT, SOCIAL WORK/COUNSELING SERVICES, FINANCIAL AID COUNSELING, AND REFERRALS FOR HIGH-QUALITY HEALTH CARE AND LEGAL ASSISTANCE. THE PROGRAM CULMINATES WITH THE PROMISE OF FREE TUITION FOR ALL SYRACUSE CITY SCHOOL DISTRICT GRADUATES WHO MEET RESIDENCY, GRADUATION, AND ADMISSION REQUIREMENTS INTO ONE OF OVER 100 PRIVATE HIGHER EDUCATION INSTITUTIONS & SUNY AND CUNY SCHOOLS. 541495 7500 WEISS INSTITUTE:FUNCTIONING AS AN ADVISORY SERVICE DIVISION OF SAY YES TO EDUCATION, INC., THE WEISS INSTITUTE PARTNERS WITH COMMUNITIES TO PROVIDE TECHNICAL ASSISTANCE TO ENSURE ALL YOUNG PEOPLE CAN REACH COLLEGE OR OTHER POSTSECONDARY EDUCATION COMPLETION AS A GATEWAY TO ADULT SUCCESS. 46168 PHILADELPHIA COHORT: OUR PHILADELPHIA COHORT INCLUDES 47 POST SECONDARY STUDENTS THAT WE HAVE WORKED WITH SINCE THEY WERE KINDERGARTENERS. SUPPORTS INCLUDED BOTH ACADEMIC AND NON-ACADEMIC SERVICES THAT REMOVE THE PREDICTABLE ACADEMIC, SOCIAL/EMOTIONAL, AND HEALTH AND WELLNESS BARRIERS TO POST SECONDARY ATTAINMENT. THE PROGRAM CONCLUDED JUNE 30, 2019. 15943 HARTFORD COHORT:RESEARCH AND EVALUATION 2390406 955806 7500 11576301 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 NY CT PA X BELINDA KRUKAR 8602408900 ONE STATE STREET 20TH FLOOR HARTFORD CT 06103 JAY LEVINE CHAIRMAN 1.00 X X 0 0 0 CLOTILDE PEREZ-BODE DEDECKER SECRETARY 1.00 X X 0 0 0 MARGOT COPELAND DIRECTOR 1.00 X 0 0 0 JULIE FRANKLIN DIRECTOR 1.00 X 0 0 0 NEIL GOLDBERG DIRECTOR 1.00 X 0 0 0 ARTHUR LEVINE DIRECTOR 1.00 X 0 0 0 NAEEMAH NELSON DIRECTOR 1.00 X 0 0 0 JARMAINE OLLIVIERRE DIRECTOR 1.00 X 0 0 0 SOL H PELAVIN DIRECTOR 1.00 X 0 0 0 ELIZABETH CARLOCK PHILLIPS DIRECTOR 1.00 X 0 0 0 CYNTHIA SHAPIRA DIRECTOR 1.00 X 0 0 0 JANE TOLL DIRECTOR 1.00 X 0 0 0 GEORGE A WEISS DIRECTOR 1.00 X 0 0 0 EUGENE CHASIN TREASURER/CEO 40.00 X X 350000 0 68693 KORAY GRUZ CONTROLLER 40.00 X 177500 0 39666 JACK STEINBERG SVP HIGHER ED & COMM 40.00 X 270740 0 66520 MARTIN BISHOP DIRECTOR, BUSINESS SYSTEMS & APPS 40.00 X 218000 0 65495 DAVID RUST EXECUTIVE DIRECTOR - BUFFALO 40.00 X 189000 0 45353 DIANE M DOWNING EXECUTIVE DIRECTOR - CLEVELAND 40.00 X 168996 0 35644 LIDIA TORRES EXECUTIVE DIRECTOR - HARLEM 40.00 X 139148 0 32494 MARY ANNE SCHMITT-CAREY FORMER CEO 0.00 X 500000 0 37637 2013384 0 391502 11 1 1 0 SCHOOLHOUSE PARTNERS LLC 112 S ROYAL STREET SUITE D ALEXANDRIA VA 22314 ORGANIZATIONAL STRATEGIC CONSULTANT 693465 DIASPARK INC 515 PLAINFIELD AVE SUITE 1 EDISON NJ 08817 IT APPLICATION SUPPORT 505952 GROWTH PHILANTHROPY NETWORK 122 E 42ND ST 17TH FLOOR NEW YORK NY 10168 ORGANIZATIONAL STRATEGIC CONSULTANT 500000 MORGAN LEWIS & BOCKIUS LLP PO BOX 8500 S-6050 PHILADELPHIA PA 19178 LEGAL SERVICES 280000 RESEARCH FOR ACTION 100 S BROAD STREET SUITE 700 PHILADELPHIA PA 19110 ORGANIZATIONAL STRATEGIC CONSULTANT 180059 8 2950334 2950334 WEISS INSTITUTE 541900 7500 7500 7500 915 915 10636021 9251030 1384991 1384991 1384991 4343740 7500 0 1385906 X 6127199 6127199 553613 207917 303915 41781 2185607 1628672 154613 402322 163774 101809 36041 25924 413589 310095 20712 82782 187023 127770 31363 27890 84579 84579 3207 3207 2310586 1451012 8340 851234 73059 28157 44902 171289 120086 27606 23597 589873 566847 4648 18378 187179 187179 198103 147666 4364 46073 39272 9873 1208 28191 127 127 108572 108572 COLLEGE RELATED EXPENSE 562019 562019 BAD DEBT 15000 15000 UBI TAX 4029 4029 13977699 11576301 808324 1593074 3079214 1400592 4273725 1344728 740180 29905 187016 97225 7620 7620 127 0 3690703 500 7776179 5222711 19747144 8095661 2179667 499730 2179667 499730 X 14746890 6640413 2820587 955518 17567477 7595931 19747144 8095661 -9633959 -337587 0 X X 0 1 X 1 0 X 4010486 12927520 4455280 7548917 2950334 31892537 4010486 12927520 4455280 7548917 2950334 31892537 9751404 22141133 25356 10027 1675 824 915 38797 7727 7727 31939061 874677 0.69320 0.69280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7620 7620 0 0 INVESTMENT IN SOMERSET 5222711 F 5222711 X 4047322 -337587 41169 -296418 4343740 0 4343740 14018868 41169 41169 13977699 0 13977699 PART X, LINE 2: PRIOR TO 2007, SAY YES WAS A PRIVATE FOUNDATION AS DESCRIBED UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE (THE CODE) AND WAS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ON JANUARY 27, 2013 SAY YES RECEIVED A NOTIFICATION THAT ITS REQUEST TO BE TREATED AS A PUBLIC CHARITY HAD BEEN ACCEPTED BY THE IRS. ORGANIZATIONS EXEMPT FROM INCOME TAX PURSUANT TO IRC SECTION 501(C)(3) ARE SUBJECT TO INCOME TAX ONLY ON UNRELATED BUSINESS INCOME. FINANCIAL AND REPORTING STANDARDS PROVIDE DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE MANAGEMENT OF SAY YES HAS PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE TAX RETURNS OF SAY YES ARE SUBJECT TO PERIODIC EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS PRIOR TO FISCAL YEAR 2017. CENTRAL AMERICA AND THE CARIBBEAN - BERMUDA 0 0 BUSINESS REINSURANCE N/A 5222711 0 0 0 0 0 0 5222711 0 5222711 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 SAY YES SCHOLARSHIP 712 MAIN STREET BUFFALO NY 14202 462867677 501(C)(3) 3786688 TO SUPPORT BUFFALO SAY YES ACTIVITIES COLLEGE NOW 1500 W 3RD ST SUITE 125 CLEVELAND OH 44113 346580096 501(C)(3) 879076 TO SUPPORT CLEVELAND SAY YES ACTIVITIES GUILFORD EDUCATION ALLIANCE 902 BONNER DRIVE JAMESTOWN NC 27282 200328746 501(C)(3) 955806 TO SUPPORT GUILFORD SAY YES ACTIVITIES CLEVELAND FOUNDATION 1422 EUCLID AVENUE SUITE 1300 CLEVELAND OH 44115 340714588 501(C)(3) 200000 TO SUPPORT CLEVELAND SAY YES ACTIVITIES CLEVELAND PLAY HOUSE 1901 EAST 13TH STREET SUITE 200 CLEVELAND OH 44106 366515260 501(C)(3) 159116 TO SUPPORT CLEVELAND SAY YES AFTER SCHOOL ACTIVITIES CENTER FOR ARTS- INSPIRED LEARNING 19017 MAGNOLIA DRIVE CLEVELAND OH 44106 341241756 501(C)(3) 76144 TO SUPPORT CLEVELAND SAY YES AFTER SCHOOL ACTIVITIES BOYS & GIRLS OF NORTHEAST OHIO 4111 PEARL AVENUE LORAIN OH 44055 341856214 501(C)(3) 70369 TO SUPPORT CLEVELAND SAY YES AFTER SCHOOL ACTIVITIES 7 PART I, LINE 2: THE ORGANIZATION'S ACCOUNTING DEPARTMENT MONITORS GRANT FUNDS IN A MULTI-STEP PROCESS. FIRST, A SPREADSHEET IS CREATED FOR THE GRANT. ANY INVOICES/EXPENSES THAT COME IN ARE REVIEWED AGAINST THE GRANT RESTRICTION/PURPOSE (IF ANY) TO MAKE SURE THEY ARE ALLOWABLE FOR THE PURPOSE OF THE GRANT. ONCE SATISFACTORY TO THE GRANT PURPOSE, THE EXPENSE IS RECORDED ON THE SPREADSHEET. THIS SPREADSHEET IS REVIEWED MONTHLY FOR ACCURACY AND COMPLETENESS. X X X X X 1 0 0 0 0 0 0 1 0 EUGENE CHASIN TREASURER/CEO 350000 0 0 0 0 0 25200 0 43493 0 418693 0 0 0 KORAY GRUZ CONTROLLER 177500 0 0 0 0 0 15975 0 23691 0 217166 0 0 0 JACK STEINBERG SVP HIGHER ED & COMM 270740 0 0 0 0 0 24750 0 41770 0 337260 0 0 0 MARTIN BISHOP DIRECTOR, BUSINESS SYSTEMS & APPS 203000 0 15000 0 0 0 19620 0 45875 0 283495 0 0 0 DAVID RUST EXECUTIVE DIRECTOR - BUFFALO 189000 0 0 0 0 0 17010 0 28343 0 234353 0 0 0 DIANE M DOWNING EXECUTIVE DIRECTOR - CLEVELAND 168996 0 0 0 0 0 0 0 35644 0 204640 0 0 0 LIDIA TORRES EXECUTIVE DIRECTOR - HARLEM 139148 0 0 0 0 0 12744 0 19750 0 171642 0 0 0 MARY ANNE SCHMITT-CAREY FORMER CEO 0 0 0 0 500000 0 0 0 37637 0 537637 0 0 0 PART I, LINE 4A FORMER PRESIDENT/CEO MARY ANNE SCHMITT-CAREY RECEIVED SEVERANCE OF $500,000. PART I, LINE 7 BONUS PAYMENTS WERE DISCRETIONARY AND APPROVED BY THE BOARD. GEORGE WEISS DIRECTOR, CHAIRMAN OF BOARD 3000 INVESTMENT FEES WERE INCURRED BY THE ORGANIZATION IN CONNECTION WITH ITS PARTNERSHIP INTEREST IN WEISS MULTI-STRATEGY PARTNERS LTD. MR. WEISS THEN MAKES A PERSONAL CONTRIBUTION TO THE ORGANIZATION IN THE AMOUNT OF THE CORRESPONDING INVESTMENT FEES 0 FORM 990, PART III, LINE 1 SAY YES TO EDUCATION, INC. IS A NATIONAL NONPROFIT THAT PARTNERS WITH COMMUNITIES AROUND THE GOALS OF ALL STUDENTS NOT ONLY GRADUATING HIGH SCHOOL - BUT DOING SO WITH THE SUPPORT, PREPARATION AND WHEREWITHAL TO ATTAIN A COLLEGE DEGREE OR OTHER POSTSECONDARY CREDENTIAL. MORE THAN 170,000 STUDENTS IN KINDERGARTEN THROUGH GRADE 12, MOST OF THEM IN COMMUNITIES IN NEW YORK, PENNSYLVANIA, NORTH CAROLINA, AND OHIO HAVE ACCESS TO ACADEMIC AND NON-ACADEMIC SUPPORT SERVICES FROM PARTNERS IN SAY YES COMMUNITIES. UPON HIGH SCHOOL GRADUATION, SAY YES SCHOLARS ALSO HAVE ACCESS TO POSTSECONDARY SCHOLARSHIPS - TO IN-STATE PUBLIC COLLEGES AND UNIVERSITIES, OR THE MORE THAN 100 PRIVATE COLLEGES AND UNIVERSITIES IN THE SAY YES HIGHER EDUCATION COMPACT. THE SAY YES STRATEGY IS ALIGNED WITH WHAT RESEARCH INDICATES IS NEEDED TO ENABLE ALL CHILDREN TO MAXIMIZE THEIR GIFTS AND TALENTS. THE SAY YES PROMISE AND SUPPORTS BEGIN WHEN A CHILD ENTERS KINDERGARTEN AND CONTINUE THROUGH HIGH SCHOOL AND BEYOND. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS AND THE CHAIR OF EACH COMMITTEE OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE SHALL HAVE, AND MAY EXERCISE, ALL OF THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS WITH THE EXCEPTION OF MATTERS THAT WILL AFFECT THE CORPORATE STRUCTURE OF THE ORGANIZATION AND THE FILLING OF VACANCIES ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING DEPARTMENT PREPARES THE DRAFT 990, WHICH IS THEN REVIEWED BY MANAGEMENT AND AUDITORS. ANY CHANGES ARE MADE, REVIEWED AGAIN, AND UPON SATISFACTION OF MANAGEMENT, THE COMPLETED DRAFT 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PROPER STEPS ARE TAKEN PER THE CONFLICT OF INTEREST AND GUIDE OF ETHICS POLICIES. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE CEO AND COO COMPENSATION. ALL OTHER SALARIES ARE DETERMINED BY THE CEO. THE COMPENSATION CHANGES OF ALL EMPLOYEES ARE DOCUMENTED BY LETTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING EXPENSES: PROGRAM SERVICE EXPENSES 129,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,100. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,321,912. MANAGEMENT AND GENERAL EXPENSES 8,340. FUNDRAISING EXPENSES 574,634. TOTAL EXPENSES 1,904,886. CONSULTING OTHER-FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 276,600. TOTAL EXPENSES 276,600. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS HAS NOT CHANGED DURING THE TAX YEAR.