SAY YES CLEVELAND SCHOLARSHIP INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SAY YES CLEVELAND SCHOLARSHIP INC (EIN 83-3463932)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-03-11
IRS object ID
202420719349300107
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-03-11T09:07:44-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN340677006PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MALONEY NOVOTNY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 SUPERIOR AVE SUITE 700AddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP441142540ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN833463932EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAY YES CLEVELAND SCHOLARSHIP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSAYYBusinessNameControlTxt
Phone2162736350PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16601 EUCLID AVEAddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDDIE TAYLORPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2162736350PhoneNum
Signature2024-03-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEDDIEPersonFirstNm
Person LastTAYLORPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER B ANDERSONPreparerPersonNm
PTINP00226559PTIN
Phone2163630100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerEDDIE TAYLORPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16601 EUCLID AVEAddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44103ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,083,564GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SAYYESCLEVELAND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2018FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,775,644PYContributionsGrantsAmt
CY Contributions Grants$2,083,564CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,775,644PYTotalRevenueAmt
CY Total Revenue$2,083,564CYTotalRevenueAmt
PY Grants And Similar Paid$2,541,600PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,297,836CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$75,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$935,819PYOtherExpensesAmt
CY Other Expenses$1,122,436CYOtherExpensesAmt
PY Total Expenses$3,552,419PYTotalExpensesAmt
CY Total Expenses$4,420,272CYTotalExpensesAmt
PY Revenues Less Expenses$1,223,225PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,336,708CYRevenuesLessExpensesAmt
Total Assets BOY$89,649,014TotalAssetsBOYAmt
Total Assets EOY$99,267,344TotalAssetsEOYAmt
Total Liabilities BOY$8,193TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,536TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$89,640,821NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$99,244,808NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF SAY YES CLEVELAND IS TO PARTNER WITH THE CLEVELAND METROPOLITAN SCHOOL DISTRICT (CMSD) TO IMPROVE CLEVELAND'S ECONOMY, NEIGHBORHOODS, AND WORKFORCE OVER THE COMING GENERATIONS BY BRINGING TOGETHER, MOBILIZING, AND TARGETING COMMUNITY RESOURCES TO ADDRESS TWO BARRIERS:- SAY YES CLEVELAND ADDRESSES POST-SECONDARY AFFORDABILITY BY A TUITION SCHOLARSHIP AVAILABLE TO EVERY ELIGIBLE CMSD HIGH SCHOOL GRADUATE TO ATTEND A PUBLIC FOUR-YEAR OR TWO-YEAR INSTITUTION OR ACCREDITED TRAINING PROGRAM.- TO HELP STUDENTS OVERCOME THE SIGNIFICANT CHALLENGES ASSOCIATED WITH MULTI-GENERATIONAL POVERTY - CHALLENGES THAT LEAVE NO ROOM FOR SETBACKS AND OFTEN HINDER POST-SECONDARY PURSUIT OR PERFORMANCE. SAY YES CLEVELAND PROVIDES SUPPORT SERVICES TO STUDENTS FROM PRE-K THROUGH HIGH SCHOOL GRADUATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,218,003ExpenseAmt
Grant$3,297,836GrantAmt
Revenue$0RevenueAmt
DescSCHOLARSHIP PROGRAM: PROVISION OF POST-SECONDARY TUITION SCHOLARSHIPS TO ELIGIBLE STUDENTS GRADUATING FROM THE CLEVELAND METROPOLITAN SCHOOL DISTRICT AND ITS PARTNERING CHARTER HIGH SCHOOLS.Desc
Total Program Service Expenses$4,218,003TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DIANE DOWNINGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2162736350PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16601 EUCLD AVEAddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44113ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
LONNIE COLEMAN
BOARD MEMBER2.00Yes (X)$0$0$0
INAJO DAVIS CHAPPELL
BOARD CHAIR2.00Yes (X)$0$0$0Yes (X)
DIANE DOWNING
BOARD MEMBER2.00Yes (X)$0$0$0
VEENA KHANNA
BOARD MEMBER2.00Yes (X)$0$0$0
ROBERT MARTENS
BOARD MEMBER2.00Yes (X)$0$0$0
DREW MARTIN
BOARD MEMBER2.00Yes (X)$0$0$0
ANN MULLIN
VICE CHAIR2.00Yes (X)$0$0$0Yes (X)
DEBBIE READ
BOARD MEMBER2.00Yes (X)$0$0$0
RONN RICHARD
BOARD MEMBER2.00Yes (X)$0$0$0
VICTOR RUIZ
SECRETARY2.00Yes (X)$0$0$0Yes (X)
EDDIE TAYLOR
TREASURER2.00Yes (X)$0$0$0Yes (X)
HELEN WILLIAMS
BOARD MEMBER2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
COLLEGE NOW OF GREATER CLEVELAND
1500 W 3RD ST STE 125CLEVELANDOH44113PROGRAMMING$839,116
THE CLEVELAND FOUNDATION
6601 EUCLID AVECLEVELANDOH44103INVESTMENT MANAGEMENT$163,331
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Federated Campaigns$8,550FederatedCampaignsAmt
All Other Contributions$2,075,014AllOtherContributionsAmt
Total Contributions$2,083,564TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,083,564TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$3,297,836TotalAmt
Program Services$3,297,836ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$312,917TotalAmt
Program Services$312,917ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,267TotalAmt
Management And General$20,267ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$163,331TotalAmt
Management And General$163,331ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$81,000TotalAmt
Program Services$81,000ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,672TotalAmt
Management And General$17,672ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MENTORING PROGRAM$474,250$474,250
SUMMER PROGRAM$52,000$52,000
BANK FEES$999$999

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,420,272TotalAmt
Program Services$4,218,003ProgramServicesAmt
Management And General$202,269ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$9,901BOYAmt
EOY$2,691EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,612,995BOYAmt
EOY$7,180,716EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,875BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$110,333BOYAmt
EOY$66,167EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$81,900,910BOYAmt
EOY$92,017,770EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$89,649,014BOYAmt
EOY$99,267,344EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$8,193BOYAmt
EOY$22,536EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,193BOYAmt
EOY$22,536EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$82,027,826BOYAmt
EOY$92,064,092EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,612,995BOYAmt
EOY$7,180,716EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,640,821BOYAmt
EOY$99,244,808EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$89,649,014BOYAmt
EOY$99,267,344EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,336,708ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$8,134,695NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments$3,806,000PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$77,001,044CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,584,149CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,775,644CurrentTaxYearMinus1YearAmt
Current Tax Year$2,083,564CurrentTaxYearAmt
Total$89,444,401TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$77,001,044CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,584,149CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,775,644CurrentTaxYearMinus1YearAmt
Current Tax Year$2,083,564CurrentTaxYearAmt
Total$89,444,401TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$21,333,336SubstantialContributorsTotAmt
Public Support Total170$68,111,065PublicSupportTotal170Amt
Total Support$89,444,401TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescBENEFICIAL INTEREST IN ASSETS HELD BY THE CLEVELAND FOUNDATIONDesc
Book Value$92,017,770BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$92,017,770TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt$10,280,759TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$8,134,695NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$62,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$8,197,195RevenueNotReportedAmt
Revenue Subtotal$2,083,564RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,083,564TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,482,772TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$62,500DonatedServicesUseFcltsAmt
Expenses Not Reported$62,500ExpensesNotReportedAmt
Expenses Subtotal$4,420,272ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,420,272TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient1006RecipientCnt
Cash Grant$3,297,836CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationMONITORING USE OF GRANT FUNDS - STUDENTS ELIGIBLE FOR SCHOLARSHIP AWARDS MUST BE CONTINUOUSLY ENROLLED IN THE CLEVELAND METROPOLITAN SCHOOL DISTRICT (OR A PARTNER CHARTER HIGH SCHOOL) FROM GRADE NINE THROUGH HIGH SCHOOL GRADUATION. FOR STUDENTS WHO ARE AWARDED A SCHOLARSHIP, A REQUEST IS SENT TO THE ELIGIBLE POST-SECONDARY EDUCATIONAL INSTITUTION THE STUDENT HAS CHOSEN TO ATTEND CONFIRMING ENROLLMENT ALONG WITH TUITION AND FEE INFORMATION. SAY YES AWARDS ARE THEN CONFIRMED WITH THE EDUCATIONAL INSTITUTION BEFORE AN INVOICE IS DRAFTED AND SENT TO THE SCHOLARSHIP BOARD FOR REVIEW AND APPROVAL. ONCE APPROVED, THE FUNDS ARE RELEASED TO COLLEGE NOW FOR PAYMENT DIRECTLY TO THE SCHOLARSHIP RECIPIENT'S ACCOUNT WITH THE EDUCATIONAL INSTITUTION. COLLEGE NOW KEEPS RECORDS OF ALL STUDENT ENROLLMENT INFORMATION RECEIVED FROM INSTITUTIONS AND PAYMENTS MADE FOR A PERIOD OF SEVEN YEARS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BREVIEW OF FORM 990 - THE BOARD REVIEWS FORM 990 WITH THE ASSISTANCE OF THE OUTSIDE PUBLIC ACCOUNTING FIRM THAT PREPARES THE FILING.
FORM 990, PART VI, SECTION B, LINE 12CMONITORING AND ENFORCEMENT OF CONFLICT POLICY - BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS ANNUALLY. IF A POTENTIAL CONFLICT ARISES, THE PERSON WITH THE CONFLICT IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OR TO VOTE ON THE TRANSACTION. THE DECISION ON THE TRANSACTION IS MADE IN THE BEST INTEREST OF THE ORGANIZATION BY BOARD MEMBERS WHO ARE INDEPENDENT OF THE PERSON WITH THE CONFLICT.
FORM 990, PART VI, SECTION C, LINE 19AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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