2025-11-12T10:08:26-06:00 2025-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2024-07-01 521851346 CARSON SCHOLARS FUND INC CARS 4108281005 215 WASHINGTON AVENUE SUITE 250 TOWSON MD 21204 GRAYLIN E SMITH TREASURER 4108281005 2025-11-11 1 0 SUSAN KELLER P00245169 4107275735 2024 2025-03-06 01:10:19Z NANCY GRASMICK 215 WASHINGTON AVENUE SUITE 250 TOWSON MD 21204 3670237 0 X WWW.CARSONSCHOLARS.ORG X 1994 MD THE CARSON SCHOLARS FUND SERVES TWO EDUCATIONAL INITIATIVES. THE CARSON SCHOLARS PROGRAM RECOGNIZES AND REWARDS STUDENTS IN GRADES 4-11 WHO HAVE EARNED THE HIGHEST LEVEL OF ACADEMIC ACHIEVEMENT AND DEVOTED THEIR TIME TO COMMUNITY SERVICE BY PROVIDING THEM WITH $1,000 COLLEGE SCHOLARSHIPS. THE BEN CARSON READING PROJECT CREATES SAFE HAVENS WHERE CHILDREN CAN DISCOVER THE JOY OF INDEPENDENT, LEISURE READING. 22 19 17 551 0 0 1161357 1435575 132115 134023 595783 830234 91442 189859 1980697 2589691 616000 736400 0 0 837913 858957 0 0 97285 860769 964224 2314682 2559581 -333985 30110 16376052 17340238 3411247 3936457 12964805 13403781 X THE MISSION OF CARSON SCHOLARS FUND IS TO RECOGNIZE AND REWARD STUDENTS IN GRADES FOUR THROUGH ELEVEN WHO HAVE EARNED THE HIGHEST LEVEL OF ACADEMIC ACHIEVEMENT AND COMMUNITY SERVICE BY PROVIDING THEM WITH COLLEGE SCHOLARSHIPS. EMPHASIS IS (CONTINUED ON SCHEDULE O) PLACED ON STUDENTS' PERFORMANCE AND DESIRE TO MAINTAIN A STRONG ACADEMIC RECORD, AS WELL AS HUMANISTIC QUALITIES THAT HAVE A POSITIVE IMPACT ON SOCIETY. CARSON SCHOLARS FUND ALSO PROVIDES FUNDING TO SCHOOLS TO BUILD AND MAINTAIN "BEN CARSON READING ROOMS" - WARM, INVITING ROOMS WHERE CHILDREN CAN DISCOVER THE JOY OF INDEPENDENT, LEISURE READING. 0 0 1600944 736400 143919 SCHOLARSHIPS: THE CARSON SCHOLARS FUND HAS AWARDED 12,198 SCHOLARSHIP IN ALL FIFTY STATES AND WASHINGTON, DC. OVER 930 COLLEGES AND UNIVERSITIES HAVE (OR HAVE HAD) CARSON SCHOLARS. THE CARSON SCHOLARS FUND HAS AN ALUMNI NETWORK OF OVER 9,600 (SCHOLARS OLD ENOUGH TO HAVE GRADUATED FROM HIGH SCHOOL). OVER 8,000 SCHOLARS HAVE USED AT LEAST PART OF THEIR SCHOLARSHIP AND MORE THAN $10 MILLION HAS BEEN PAID OUT ON BEHALF OF OUR SCHOLARSHIPS. IN 2025, A TOTAL OF 1,510 SCHOLARS (579 NEW, 931 RECOGNIZED) WERE HONORED AT SIX REGIONAL AWARDS BANQUETS. CURRENTLY, THERE ARE MORE THAN 5,630 SCHOLARS WHO HAVE BEEN RECOGNIZED BY THE CARSON SCHOLARS FUND MULTIPLE TIMES. 719265 READING ROOMS: THE BEN CARSON READING PROJECT HAS ESTABLISHED OVER 300 BEN CARSON/THINK BIG READING ROOMS AND SERVES STUDENTS IN 24 STATES AND WASHINGTON, DC. CELEBRATING ITS 25TH ANNIVERSARY IN 2025, THE PROJECT HAS DISPERSED OVER $4 MILLION TO CREATE READING OASES. OVER 150,000 HIGH-INTEREST BOOKS HAVE BEEN MADE AVAILABLE IN READING ROOMS, INSPIRING STUDENTS TO REACH THEIR FULL LITERACY POTENTIAL. 2320209 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 2 0 1 17 1 0 0 0 0 0 1 1 0 0 0 0 X 22 19 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X KATIE COLEMAN 4108281005 215 WASHINGTON AVENUE SUITE 250 TOWSON MD 21204 DR BEN CARSON CO-FOUNDER/BOARD MEMBER 5.00 X 0 0 0 CANDY CARSON CO-FOUNDER/EXECUTIVE SECRETARY 5.00 X X 0 0 0 LEE WARNER CHAIRMAN 3.00 X X 0 0 0 NANCY GRASMICK PRESIDENT 3.00 X X 0 0 0 WES GUCKERT VICE PRESIDENT 3.00 X X 0 0 0 GRAYLIN SMITH TREASURER 3.00 X X 0 0 0 BENJAMIN CARSON JR SECRETARY 3.00 X X 0 0 0 DAVID BOWER BOARD MEMBER 1.00 X 0 0 0 JOHN VINGSEN BOARD MEMBER 1.00 X 0 0 0 ANTHONY TATA BOARD MEMBER (UNTILL 7/2025) 1.00 X 0 0 0 TONY ROSE BOARD MEMBER 1.00 X 0 0 0 YVES MOMBELEUR BOARD MEMBER 1.00 X 0 0 0 RYAN MILLER BOARD MEMBER 1.00 X 0 0 0 DAVID KASPARY JR BOARD MEMBER 1.00 X 0 0 0 ZACH DUDAN BOARD MEMBER 1.00 X 0 0 0 FRAN DONAHUE BOARD MEMBER 1.00 X 0 0 0 CODY CROWELL BOARD MEMBER 1.00 X 0 0 0 GREGG COOPER BOARD MEMBER 1.00 X 0 0 0 MURRAY CARSON BOARD MEMBER 1.00 X 0 0 0 CORDELL CARTER II CHIEF EXECUTIVE OFFICER (FROM 01/2025) 35.00 X 0 0 0 KATIE COLEMAN EXECUTIVE DIRECTOR 35.00 X 153125 0 4594 AMY WARNER EXECUTIVE DIRECTOR EMERITA 35.00 X 70313 0 16277 223438 0 20871 1 0 1 0 0 77516 1358059 60051 1435575 AWARDS EVENT 900099 134023 134023 134023 410961 410961 1430407 1011134 419273 419273 419273 119664 77516 66786 52878 52878 12522 2626 9896 9896 EXPIRED SCHOLARSHIPS 900099 127085 127085 127085 2589691 143919 0 1010197 736400 736400 342787 274230 37021 31536 386785 309428 41773 35584 67796 54237 7322 6237 61589 49271 6652 5666 309 247 62 48832 39066 9766 1250 1000 250 6155 6155 58078 46463 11230 385 68609 54887 13722 64601 58464 3553 2584 22514 21163 1351 18133 9067 1813 7253 16828 13462 3366 AWARDS EVENT 325200 325200 READING PROJECT 211849 211849 SCHOLARSHIPS - INTEREST 91412 91412 POSTAGE AND DELIVERY 18856 15085 1886 1885 11598 9278 2320 2559581 2320209 142087 97285 2042922 2109266 934392 2062813 1244626 744641 42270 45606 11524188 11331280 587654 1046632 16376052 17340238 42564 20774 3354247 3482863 14436 432820 3411247 3936457 X 4587570 4917256 8377235 8486525 12964805 13403781 16376052 17340238 30110 407866 1000 0 X 0 1 X 1 0 X 1072339 1090178 1055210 1161357 1435575 5814659 1072339 1090178 1055210 1161357 1435575 5814659 2072920 3741739 149334 193424 278064 390424 410961 1422207 93145 113430 119848 92839 127085 546347 7783213 0.48070 0.65120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CASH VALUE LIFE INSURANCE 643931 LEASE ASSETS 397130 DEPOSITS 5571 1046632 LEASE LIABILITIES 432820 432820 X 2997557 407866 407866 2589691 0 2589691 2559581 0 2559581 0 2559581 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE ORGANIZATION'S EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT TOOK ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. MD GOLF TOURNAMENT 76675 48777 27898 22548 4661 PITTSBURGH GOLF TOURNAMENT 86375 18799 67576 30074 2643 1 34130 9940 24190 6860 197180 77516 119664 52622 14164 66786 52878 0 SCHOLARSHIPS AWARDED TO DESERVING STUDENTS FROM ACROSS THE UNITED STATES, BASED ON MERIT, TO ATTEND COLLEGES AND UNIVERSITIES IN THE UNITED STATES. 598 736400 X X 0 0 0 0 0 0 0 0 0 KATIE COLEMAN EXECUTIVE DIRECTOR 153125 0 0 0 0 0 4594 0 0 0 157719 0 0 0 LEE WARNER LEE WARNER, BOARD CHAIRMAN, IS THE SPOUSE OF AMY WARNER, EXEC. DIR EMIRATA 53106 SEE BELOW: AMY WARNER RECEIVED COMPENSATION FOR HER SERVICES AS EXECUTIVE DIR. EMIRATA. 0 X 2 57901 FMV X GOLF FUNDRAISING DONATION 1 1650 FMV X PITTSBURGH CHAPTER DINNER DONATIONS 1 500 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING INDIVIDUALS HAVE FAMILY RELATIONSHIPS: LEE WARNER (BOARD CHAIRMAN) AND AMY WARNER (EXECUTIVE DIRECTOR EMIRATA) AS WELL AS BENJAMIN CARSON JR. (BOARD SECRETARY), MURRAY CARSON (BOARD MEMBER), BEN CARSON (CO-FOUNDER/BOARD MEMBER), AND CANDY CARSON (CO-FOUNDER/EXECUTIVE SECRETARY). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE FINANCE COMMITTEE. IT WAS CIRCULATED TO THE FULL BOARD PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST ATTESTATION STATEMENTS ARE CIRCULATED AT THE BEGINNING OF EACH FISCAL YEAR, AND WHEN NEW MEMBERS ARE ADDED. IF ANY SITUTATION SHOULD ARISE INVOLVING A CONFLICT OF INTEREST, THE CONFLICTED PERSON PROMPTLY AND FULLY DISCLOSES THE CIRCUMSTANCES TO THE PRESIDENT OR CHAIRMAN OF THE BOARD OF DIRECTORS OR TO THE EXECUTIVE DIRECTOR AS APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BY THE EXECUTIVE COMMITTEE AND PERFORMANCE EVALUATED ANNUALLY IN AUGUST. FORM 990, PART VI, SECTION C, LINE 19 CARSON SCHOLARS FUND INCLUDES THE PERTINENT AUDITED FINANCIAL STATEMENT IN THE ANNUAL REPORT THAT IS DISTRIBUTED TO ALL DONORS, CHAPTER AND KEY STAKEHOLDERS, AND IS ALSO AVAILABLE ONLINE OR BY WRITTEN REQUEST. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON WRITTEN REQUEST.