Cise - Sgo EIN 88-3142134

Cise - Sgo FY2024 filing

EIN  88-3142134 Public foundation / grantmaker Cincinnati, OH
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides grants to Cincinnati-area Catholic schools for scholarships, prioritizing low-income and minority students to access quality education.
Leadership
Philip R McHugh · President
Money in and out
$411K revenue, $227K expenses
Bottom line
83% program efficiency

Provides grants to Cincinnati-area Catholic schools for scholarships, prioritizing low-income and minority students to access quality education. For fiscal year 2024 it reported $411K in revenue, $227K in expenses, and $426K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$426K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $184K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
22.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+45%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$411K
FY2024▲ +11%
Expenses
$227K
FY2024▲ +77%
Total assets
$426K
FY2024▲ +76%
Total liabilities
$0
FY2024
Total revenue
$411K
Pt VIII · Ln 12
Total expenses
$227K
Pt IX · Ln 25
Net assets
$426K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$184K
Total assetsPt X · Ln 16$426K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $188K of program spending, described in the organization's own filed words · FY2023.
01

Cise

Sgo provides grants to catholic primary and secondary schools in the greater cincinnati area to be used primarily for scholarships, with a priority of benefiting low-income and minority students, in order to (I) provide access to strong catholic education taught in a safe, nurturing, and inclusive environment, and (ii) eliminate…

$188Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCise - Sgo
EINHdr · item D88-3142134
Principal addressHdr · item CCincinnati, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFDec 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$409K
Investment income$2K
Total revenueLn 12$411K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$188K
Management & general17%$39K
Total functional expensesLn 25$227K

Balance Sheet

Part X · end of year
CashLn 1$13K
Total assetsLn 16$426K
Total liabilitiesLn 26$0
Total net assetsLn 32$426K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $426K · Operating expenses/yr $227K
22.6 months
Where the money goes
Program services
Program services $188K · Total expenses $227K
83%
Management & General
Management & general $39K · Total expenses $227K
17%
Fundraising
Fundraising $0 · Total expenses $227K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $390K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $409K · Total revenue $411K
100%
Government reliance
Government grants $0 · Total revenue $411K
0%
Earned-income share
Program service revenue $0 · Total revenue $411K
0%
Investment reliance
Investment income $2K · Total revenue $411K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $227K
0%
Growth & trend
Revenue growth (YoY)
This year $411K · Prior year $371K
+11%
Net-asset trend (YoY)
End of year $426K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $411K · Expenses $227K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $426K
Net-asset ratio
Net assets $426K · Total assets $426K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $414K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $426K
97%
People & payroll
Highest Reported Total Compensation
Individual Philip R McHugh · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $227K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $227K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Fundraising cost ratio 0%
Revenue growth 11%
Investment management fee ratio 0%
Legal fee ratio 3%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $566K · 2022–2024
St Lawrence SchoolFY2024$123,000
Purcel Marian High SchoolFY2024$40,500
Seton High SchoolOH · FY2024$21,000
Elder High SchoolOH · FY2024$17,250
Roger Bacon High SchoolOH · FY2024$17,000
Moeller High SchoolFY2024$11,000
Lasalle High SchoolFY2024$7,000
Mount Notre Dame High SchoolFY2024$6,000
Unitemized GrantFY2023$187,860
Unitemized GrantFY2022$82,650

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$434K revenue · ⤓ 990 PDF
FY2024$411K revenue · viewing · ⤓ 990 PDF
FY2023$371K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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