Totals
- Total revenue
- $11,009,237
- Total expenses
- $3,034,784
- Contributions and grants received
- $10,620,376
- Grants paid
- $1,815,251
- Program service revenue
- $0
- Investment income
- $382,483
- Other revenue
- $6,378
- Total assets, end of year
- $12,937,536
- Total liabilities, end of year
- $142,334
- Net assets or fund balances, end of year
- $12,795,202
- Program services expenses (Part IX)
- $2,255,721
- Management and general expenses
- $164,713
- Fundraising expenses
- $614,350
- Program service expenses (Part III)
- $2,255,721
Program services were 74.3% 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.
-
1c · Fundraising events
$8,258,910
-
1f · All other contributions, gifts and grants
$2,361,466
-
1g · Noncash contributions included above
$2,026,474
-
3 · Investment income
total $360,869 · excluded $360,869
-
7a · Gross sales of assets other than inventory
securities $21,614
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $21,614
-
7d · Net gain or loss
total $21,614 · excluded $21,614
-
8a · Fundraising events: gross income
$797,426
-
8a · Fundraising events: contributions included on line 1c
$8,258,910
-
8b · Fundraising events: direct expenses
$791,048
-
8c · Net income from fundraising events
total $6,378 · excluded $6,378
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,500,280 · program services $1,500,280
-
2 · Grants to domestic individuals
total $314,971 · program services $314,971
-
5 · Compensation of officers, directors and key employees
total $116,278 · program services $63,953 · management and general $34,883 · fundraising $17,442
-
7 · Other salaries and wages
total $81,378 · program services $44,758 · management and general $24,413 · fundraising $12,207
-
9 · Other employee benefits
total $12,851 · program services $7,068 · management and general $3,855 · fundraising $1,928
-
10 · Payroll taxes
total $14,087 · program services $7,748 · management and general $4,226 · fundraising $2,113
-
11b · Fees: legal
total $970 · management and general $970
-
11c · Fees: accounting
total $39,958 · management and general $39,958
-
11g · Fees: other
total $714,548 · program services $143,462 · management and general $2,797 · fundraising $568,289
-
13 · Office expenses
total $33,541 · program services $2,547 · management and general $30,994
-
14 · Information technology
total $13,223 · management and general $852 · fundraising $12,371
-
17 · Travel
total $749 · management and general $749
-
20 · Interest
total $288 · management and general $288
-
22 · Depreciation, depletion and amortization
total $4,000 · management and general $4,000
-
23 · Insurance
total $7,073 · management and general $7,073
-
24a · Other expenses: BITCOIN ACADEMY
total $120,333 · program services $120,333
-
24b · Other expenses: BUS TOUR
total $50,601 · program services $50,601
-
24c · Other expenses: STORAGE
total $6,983 · management and general $6,983
-
24d · Other expenses: EVENT PRODUCTION
total $2,437 · management and general $2,437
-
24e · All other expenses
total $235 · management and general $235
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,942,214 · end of year $12,332,207
-
4 · Accounts receivable
end of year $586,360
-
9 · Prepaid expenses and deferred charges
end of year $10,969
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $6,000 · end of year $8,000
-
17 · Accounts payable and accrued expenses
beginning of year $127,465 · end of year $142,334
-
27 · Net assets without donor restrictions
beginning of year $4,820,749 · end of year $12,795,202
Mission and programs · 2023
Mission
TO HELP 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 TOWARDS SUCCESS.
Activities or mission (Part I)
TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR COLLEGE EDUCATION. WE ARE OPENING THE DOORS OF EDUCATION, TRAVEL, ENLIGHTENMENT AND EXPERIENCES TO THOSE WHO MAY NEVER HAVE THOUGHT IT POSSIBLE.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,969,683 · Grants $1,727,147
-
TWO FINANCIAL EMPOWERMENT AND WEALTH BUILDING PROGRAMS: 1) BRIDGES TO WEALTH . BRIDGES TO WEALTH (B2W) IS AN INNOVATIVE FINANCIAL EMPOWERMENT PROGRAM LOCATED AT THE WHARTON SCHOOL OF BUSINESS, FOCUSED ON STUDENTS, PARENTS, AND LOCAL COMMUNITY PARTNERS. B2W'S GOAL IS TO INCREASE THE WEALTH-GENERATING CAPABILITIES OF FAMILIES LIVING IN UNDERSERVED NEIGHBORHOODS. B2W OFFERS A SERIES OF WORKSHOPS TO FAMILIES AND STUDENTS. 2) BITCOIN ACADEMY, FOCUSES ON FINANCIAL LITERACY AND BITCOIN EDUCATION FOR RESIDENTS OF MARCY HOUSES IN BROOKLYN, NEW YORK. AN EXPANSION OF THE FINANCIAL EDUCATION PROGRAM WITH WHARTON SCHOOL OF BUSINESS WAS IN DEVELOPMENT IN 2023 AND MOST OF 2024. THE PROGRAM WILL BE LAUNCHED IN 2025.
Expenses $147,333
-
FOUNDATION'S ANNUAL HISTORICALLY BLACK COLLEGE AND UNIVERSITY BUS TOUR EXPOSING HIGH SCHOOL YOUTH TO DIFFERENT COLLEGES IN ORDER TO PROMOTE INCREASED COLLEGE ATTENDANCE. IN 2023, 44 STUDENTS ATTENDED THE HBCU BUS TOUR.
Expenses $50,601
-
OVER 3000 TOYS WERE DISTRIBUTED DURING SCF'S ANNUAL HOLIDAY GIVEAWAY, AND OVER 120 YOUTH AND COMMUNITY MEMBERS RECEIVED BACK TO SCHOOL READINESS SUPPLIES AND BASKETBALL UNIFORMS FOR THE ANNUAL MARCY BASKETBALL BACK TO SCHOOL TOURNAMENT.
Expenses $88,104 · Grants $88,104
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Gloria CarterGLORIA CARTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Chaka PilgrimCHAKA PILGRIM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn ArcherCAROLYN ARCHER
DIRECTOR
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Jay BrownJAY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alex SpiroALEX SPIRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brian SchlusselbergBRIAN SCHLUSSELBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dania DiazDANIA DIAZ
EXECUTIVE DIRECTOR
- Total calculated
- $93,462
- From this org
- $93,462
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
$1,500,000
BOOKS UNBANNED INITIATIVE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349324302
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.