Skip to content
Nonprofiteer
← SHAWN CARTER SCHOLARSHIP FUND

Form 990 for tax year 2024

Filed by SHAWN CARTER SCHOLARSHIP FUND.

Totals

Total revenue
$5,146,379
Total expenses
$1,499,664
Contributions and grants received
$4,448,621
Grants paid
$572,477
Program service revenue
$0
Investment income
$647,590
Other revenue
$50,168
Total assets, end of year
$16,531,193
Total liabilities, end of year
$97,276
Net assets or fund balances, end of year
$16,433,917
Program services expenses (Part IX)
$1,288,581
Management and general expenses
$168,262
Fundraising expenses
$42,821
Program service expenses (Part III)
$1,288,581

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,448,621

  • 1g · Noncash contributions included above

    $1,993,072

  • 3 · Investment income

    total $647,590 · excluded $647,590

  • 11a · Other revenue: REFUND OF DEPOSIT

    total $50,000 · excluded $50,000

  • 11d · All other revenue

    total $168 · excluded $168

  • 11e · Other revenue, total

    $50,168

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $572,477 · program services $572,477

  • 5 · Compensation of officers, directors and key employees

    total $113,302 · program services $62,316 · management and general $33,991 · fundraising $16,995

  • 7 · Other salaries and wages

    total $67,893 · program services $37,341 · management and general $20,368 · fundraising $10,184

  • 9 · Other employee benefits

    total $11,494 · program services $6,322 · management and general $3,448 · fundraising $1,724

  • 10 · Payroll taxes

    total $14,214 · program services $7,818 · management and general $4,264 · fundraising $2,132

  • 11c · Fees: accounting

    total $45,890 · management and general $45,890

  • 11g · Fees: other

    total $22,245 · program services $1,423 · management and general $20,822

  • 12 · Advertising and promotion

    total $591 · fundraising $591

  • 13 · Office expenses

    total $13,482 · program services $2,489 · management and general $10,993

  • 14 · Information technology

    total $26,817 · program services $22,138 · management and general $4,679

  • 20 · Interest

    total $265 · management and general $265

  • 23 · Insurance

    total $5,913 · management and general $5,913

  • 24a · Other expenses: CHAMPIONS FOR FINANCIAL

    total $476,257 · program services $476,257 · fundraising $0

  • 24b · Other expenses: BITCOIN ACADEMY

    total $100,000 · program services $100,000

  • 24c · Other expenses: EVENT PRODUCTION

    total $11,195 · program services $0 · management and general $0 · fundraising $11,195

  • 24e · All other expenses

    total $17,629 · management and general $17,629

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,332,207 · end of year $15,889,367

  • 4 · Accounts receivable

    beginning of year $586,360 · end of year $557,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,969 · end of year $7,978

  • 14 · Intangible assets

    beginning of year $8,000

  • 15 · Other assets

    beginning of year $0 · end of year $76,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,334 · end of year $97,276

  • 27 · Net assets without donor restrictions

    beginning of year $12,795,202 · end of year $16,433,917

Mission and programs · 2024

Mission

TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR EDUCATION AT POST SECONDARY INSTITUTIONS BY PROVIDING THEM WITH EDUCATIONAL SCHOLARSHIPS AND RELATED EDUCATIONAL SUPPORT SERVICES AND EXPERIENCES TO ENSURE THEIR PATH TOWARDS SUCCESS.

Activities or mission (Part I)

TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR POST SECONDARY EDUCATION.WE OPEN THE DOORS OF EDUCATION, TRAVEL AND ENLIGHTENMENT AND EXPERIENCES TO THOSE WHO MAY NEVER HAVE THOUGHT IT POSSIBLE.

  • WEALTH BUILDING: OUR FINANCIAL EDUCATION PORTFOLIO WHICH INCLUDED THE LAUNCH OF THE CHAMPIONS FOR FINANCIAL LEGACY PROGRAM, A WEALTH BUILDING COURSE AND PROGRAM CURRENTLY OFFERED AT 3 HBCUS; AND THE THIRD YEAR OFFERING OF TBA, A BITCOIN AND FINANCIAL EDUCATION PROGRAM FOR RESIDENTS AT MARCY HOUSES IN BROOKLYN, NY.

    Expenses $576,257

  • NATIONAL SCHOLARSHIP FUND: HELPS INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR EDUCATION AT INSTITUTIONS OF HIGHER LEARNING BY PROVIDING THEM WITH EDUCATIONAL SCHOLARSHIPS AND RELATED EDUCATIONAL SUPPORT SERVICES TO ENSURE THEIR PATH TOWARD SUCCESS. SCHOLARSHIPS ALLOCATED TO QUALIFIED APPLICANT STUDENTS IN NEED ARE SELECTED BY AN ADMISSIONS COMMITTEE COMPRISED OF THE FOUNDATION'S MANAGEMENT TEAM, STAFF, AND VOLUNTEERS. THE FUND PROVIDED 308 STUDENTS WITH SCHOLARSHIP AWARDS.

    Expenses $331,750 · Grants $331,750

  • ANNUAL HBCU BUS TOUR: EXPOSES HIGH SCHOOL YOUTH TO DIFFERENT COLLEGES IN ORDER TO PROMOTE INCREASED COLLEGE ATTENDANCE. 38 STUDENTS PARTICIPATED IN THE 2024 HBCU BUS TOUR.

    Expenses $109,989 · Grants $109,989

  • THROUGH OUR COMMUNITY GOODWILL PROGRAMS, WHICH INCLUDE THE TOY GIVEAWAY AND MARCY BACK TO SCHOOL TOURNAMENT, OVER $86,000 WAS SPENT ON OVER 2,000 YOUTH AND FAMILIES WHO PARTICIPATED. IN ADDITION OVER $46,000 WAS SPENT ON SUPPORTING 5 STUDENTS AS PART OF THE JOSH DUBIN FELLOWSHIP, A PROFESSIONAL AND EDUCATIONAL DEVELOPMENT PROGRAM IN THE LEGAL FIELD.

    Expenses $270,585 · Grants $130,737

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gloria Carter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Carolyn Archer

    SECRETARY

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jay Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Brian Schlusselberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Alex Spiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Dania Diaz

    EXECUTIVE DIRECTOR

    Total calculated
    $93,151
    From this org
    $93,151
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Chaka Pilgrim

    HONORARY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503189349308425

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.