2024-11-15T16:55:59-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-01-01 113662240 SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA SHAW 2124972073 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 DANIA DIAZ EXECUTIVE DIRECTOR 2124972073 2024-11-15 1 0 AMANDA ADAMS P00748038 9732180500 2024-11-15 2023 2024-10-15 13:58:12Z DANIA DIAZ 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 11800285 0 X WWW.SHAWNCARTERSF.COM X 2002 NY 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. 6 4 2 0 0 0 2317746 10620376 0 0 423 382483 39702 6378 2357871 11009237 689313 1815251 0 0 208342 224594 0 0 614350 155494 994939 1053149 3034784 1304722 7974453 4948214 12937536 127465 142334 4820749 12795202 X 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. 0 0 1969683 1727147 0 THE 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. 137 NATIONAL SCHOLARSHIPS WERE AWARDED FOR THE FALL 2023 SEMESTER. IN ADDITION, 5 FELLOWSHIP GRANTS WERE AWARDED TO DUBIN FELLOWS FOR FALL 2023. THE FUND ALSO MADE A GRANT OF $1,500,000 TO THE BROOKLYN PUBLIC LIBRARY TO SUPPORT ITS BOOKS UNBANNED INITIATIVE. 147333 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. 50601 0 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. 88104 88104 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. 88104 88104 2255721 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 1 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 CA FL NJ NV PA X BESSEMER TRUST COMPANY NA 2126511091 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 X GLORIA CARTER PRESIDENT 10.00 X X 0 0 0 CHAKA PILGRIM SECRETARY 1.00 X X 0 0 0 CAROLYN ARCHER DIRECTOR 3.00 X 20000 0 0 JAY BROWN DIRECTOR 3.00 X 0 0 0 ALEX SPIRO DIRECTOR 3.00 X 0 0 0 BRIAN SCHLUSSELBERG DIRECTOR 3.00 X 0 0 0 DANIA DIAZ EXECUTIVE DIRECTOR 40.00 X 93462 0 0 113462 0 0 0 0 0 0 424 KITCHEN INC 8552 W KNOLL DRIVE WEST HOLLYWOOD CA 60069 EVENT PLANNER 568289 CSUITEMUSIC LLC 14500 SHERMAN CIRCLE 540 LOS ANGELES CA 91405 DOCUMENTARY FILMING AND PRODUCTION 119665 ESM PRODUCTIONS 540 W 26TH 9TH FL NEW YORK NY 10001 EVENT PLANNING AND PRODUCTION 119175 3 8258910 2361466 2026474 10620376 360869 360869 21614 0 21614 21614 21614 797426 8258910 791048 6378 6378 11009237 0 0 388861 X 1500280 1500280 314971 314971 116278 63953 34883 17442 81378 44758 24413 12207 12851 7068 3855 1928 14087 7748 4226 2113 970 970 39958 39958 714548 143462 2797 568289 33541 2547 30994 13223 852 12371 749 749 288 288 4000 4000 7073 7073 BITCOIN ACADEMY 120333 120333 BUS TOUR 50601 50601 STORAGE 6983 6983 EVENT PRODUCTION 2437 2437 235 235 3034784 2255721 164713 614350 4942214 12332207 586360 10969 0 0 0 0 6000 8000 4948214 12937536 127465 142334 127465 142334 X 4820749 12795202 4820749 12795202 4948214 12937536 7974453 0 X 0 0 0 X 4491484 3733793 549580 2317746 10620376 21712979 4491484 3733793 549580 2317746 10620376 21712979 8972469 12740510 257 565 371 423 360869 362485 432425 6378 438803 595 6664 39702 46961 22561228 0.56470 0.54610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GALA 9056336 8258910 797426 16000 120191 141430 117500 395927 9056336 8258910 797426 16000 120191 141430 117500 395927 791048 6378 1 BROOKLYN PUBLIC LIBRARY 10 GRAND ARMY PLAZA BROOKLYN NY 11238 111904261 501(C)(3) 1500000 0 BOOKS UNBANNED INITIATIVE 1 SCHOLARSHIPS AWARDED 137 176750 DUBIN FELLOWSHIP 5 50117 TOY DRIVE 120 88104 COST TOYS PART I, LINE 2: SCHOLARSHIP AWARDS FOR STUDENTS GO DIRECTLY TO THE SCHOOLS IN WHICH OUR SCHOLARSHIP RECIPIENTS ARE ENROLLED TO BE APPLIED TOWARD TUITION OR OTHER SCHOOL-RELATED EXPENSES. THE SCHOOLS' FINANCIAL AID OR REGISTRAR'S OFFICE WILL THEN APPLY THE FUNDS TOWARD THE STUDENTS' TUITION AND OR RELATED SCHOOL EXPENSES. NO FURTHER MONITORING IS CONSIDERED NECESSARY. X 1 2026474 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT MEMBERS OF THE BOARD REVIEW THE FORM 990 AND APPROVE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AN OFFICER OR DIRECTOR SHALL DISCLOSE TO THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") WHEN ANY PROPOSED TRANSACTION OR ARRANGEMENT, INCLUDING ANY GRANT, PENDING OR TO BE BROUGHT BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD (A "COMMITTEE") INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO THAT OFFICER OR DIRECTOR, OR ANY OTHER OFFICER OR DIRECTOR, OR INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO AN INDIVIDUAL OR ENTITY WITH WHICH THAT DIRECTOR OR OFFICER, OR ANY OTHER OFFICER OR DIRECTOR, HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP (A "CONFLICT OF INTEREST MATTER"). THE BOARD SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS, OR SHOULD BE TREATED AS, A CONFLICT OF INTEREST MATTER, AND IDENTIFY ANY DIRECTOR WHO HAS A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN OR WHO HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP WITH AN INDIVIDUAL OR ENTITY HAVING A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN, WHICH RELATIONSHIP WOULD, IN THE CIRCUMSTANCES, REASONABLY BE EXPECTED TO EXERT AN INFLUENCE ON THE DIRECTOR'S JUDGMENT WHEN VOTING THEREON (AN "INTERESTED DIRECTOR"). IF THERE ARE ONE OR MORE DIRECTORS WHO ARE NOT INTERESTED DIRECTORS WITH RESPECT TO A CONFLICT OF INTEREST MATTER, THE INTERESTED DIRECTORS SHALL LEAVE THE MEETING ROOM DURING AND REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MERITS OF THE CONFLICT OF INTEREST MATTER (EXCEPT AS REQUESTED BY THE OTHER DIRECTORS TO ANSWER QUESTIONS OR PROVIDE INFORMATION) AND SHALL NOT VOTE ON THE MATTER. IF THERE ARE ONE OR MORE DIRECTORS WHO ARE NOT INTERESTED DIRECTORS WITH RESPECT TO A CONFLICT OF INTEREST MATTER, BUT THEIR NUMBER IS LESS THAN THE NUMBER REQUIRED FOR A QUORUM FOR A BOARD MEETING, THE BOARD SHALL REFER THE CONFLICT OF INTEREST MATTER TO A COMMITTEE AUTHORIZED BY IT TO ACT ON BEHALF OF THE BOARD WITH RESPECT TO THE MATTER, AND SHALL APPOINT A SUFFICIENT NUMBER OF DIRECTORS WHO ARE NOT INTERESTED DIRECTORS TO CONSTITUTE A QUORUM FOR A COMMITTEE MEETING ON THE MATTER. ANY INTERESTED DIRECTOR WHO IS A MEMBER OF THE COMMITTEE SHALL LEAVE THE MEETING ROOM DURING AND REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MERITS OF THE CONFLICT OF INTEREST MATTER (EXCEPT AS REQUESTED BY THE OTHER COMMITTEE MEMBERS TO ANSWER QUESTIONS OR PROVIDE INFORMATION) AND SHALL NOT VOTE ON THE MATTER. THE COMMITTEE'S ACTION ON THE CONFLICT OF INTEREST MATTER SHALL BE BINDING ON THE BOARD AND THE CORPORATION. IF THERE ARE NO DIRECTORS WHO ARE NOT INTERESTED DIRECTORS WITH RESPECT TO A CONFLICT OF INTEREST MATTER OR THE NUMBER THEREOF IS INSUFFICIENT TO CONSTITUTE A QUORUM FOR A COMMITTEE MEETING, THE BOARD SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS NECESSARY OR ADVISABLE AND OF BENEFIT TO THE CORPORATION AND, IF THAT DETERMINATION IS MADE, THE BOARD SHALL THEN DETERMINE AND DOCUMENT THAT THE PROPOSED TRANSACTION OR ARRANGEMENT IS FAIR TO THE CORPORATION AND DOES NOT REPRESENT EXCESSIVE COMPENSATION, REIMBURSEMENT OR PAYMENT. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART VII, SECTION A: CAROLYN ARCHER RECEIVES $20,000 AS A YEARLY STIPEND AS SHE HELPS TO PLAN AND OVERSEE THE COLLEGE BUS TOUR PROGRAM AND PROVIDES SOME ADMINISTRATIVE OVERSIGHT ON OTHER FOUNDATION PROGRAMS. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,797. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,797. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 27,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,000. EVENT PLANNING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 568,289. TOTAL EXPENSES 568,289. DOCUMENTARY PRODUCTION: PROGRAM SERVICE EXPENSES 116,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 116,462.