Accountability & Financials

CSC follows the highest standards in governance, ethical practices, donor relations and financial responsibility. This section demonstrates our willingness to make available critical data about our agency.

CSC’s revenue in fiscal year 2016 was $9.5 million, with nearly 50% coming from endowment and trust revenues. The remainder of revenue is split among program and service fees, public support and retail sales. Expenses balance the budget, most of which are programs and staff who deliver services to clients.

Cleveland Sight Center’s endowment has grown because of the foresight of generous donors. This permanent source of funding, along with CSC’s philanthropic beneficial trusts, provides only half the annual operating budget. While substantial, CSC continually reaches out for help in either growing the endowment for the future or in support of current operations to further services to clients.

Audited Financials and IRS Form 990

At the end of the fiscal year, CSC offers all donors and stakeholders visibility into the finances of the agency. The audited financials for our last fiscal year ended September 30th are posted once published by our auditors. Listed below are the most recent financial statements and Forms 990 filed with the Internal Revenue Service. Please note, on May 4, 2017 CSC’s Board of Trustees voted to change from a fiscal year end to a calendar year end.  Audited financial statements for the 15-months ended December 31, 2017 will be available in March/April 2018.  If you have any questions, please contact Kevin Krencisz, Director of Administration and Chief Financial Officer, at 216-791-8118.  

Annual Report

CSC offers unique and innovative programs and services each year. Learn more about the developments and achievements of CSC over the past year in the latest Annual Report.

Honor Roll of Donors and Volunteers

CSC’s success is in large part to the generosity of donors and volunteers. Thank you to all who have offered CSC the financial assistance needed to expand our programs and services as well as those who have donated their time and talents to our agency.

Donor Privacy Policy

CSC's Donor Privacy Policy outlines our commitment and responsibility to donors. It describes issues such as donor privacy and record retention. View the donor policy

HIPAA Privacy Notice

CSC is dedicated to protecting the privacy of health information. All details associated with the confidentiality and availability of personal information are outlined in the HIPAA Privacy Notice

Disclaimer to Better Business Bureau Standard 10

Cleveland Sight Center spends less that three times of the past year's expenses because part of its unrestricted net asset balance includes a quasi-endowment, which was created in 1920 and has grown through estate and bequest contributions. The quasi-endowment is designated by the board to provide sustainable operating cash forever. The board's spending policy does not allow the organization to spend more than 5% of the balance annually.