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Nonprofit · EIN 11-3662240

SHAWN CARTER SCHOLARSHIP FUND

Also known as C-O BESSEMER TRUST

Tax-exempt · NEW YORK, NY 10020

Financials

$11M$3M2023$5.1M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of SHAWN CARTER SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,146,379$1,499,664$3,646,715$16,531,193$97,276$16,433,917
December 31, 2023990$11,009,237$3,034,784$7,974,453$12,937,536$142,334$12,795,202
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$4,448,621
Program service revenue
$0
Investment income
$647,590
Other revenue
$50,168

Expenses

Grants and similar amounts paid
$572,477
Compensation of officers, directors and key employees
$113,302
Other salaries and wages
$67,893
Salaries, compensation and benefits (total)
$206,903
Professional fundraising fees
$0
Accounting fees
$45,890
Program services (functional)
$1,288,581
Management and general (functional)
$168,262
Fundraising (functional)
$42,821

Balance sheet and other

Total assets, start of year
$12,937,536
Total assets, end of year
$16,531,193
Total liabilities, end of year
$97,276
Net assets, end of year
$16,433,917
Net assets without donor restrictions
$16,433,917
Gross receipts
$5,146,379
Employees
2
Volunteers
63
Year formed
2002
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANIA DIAZEXECUTIVE DIRECTOR
Officer
40$93,151
CAROLYN ARCHERSECRETARY
Trustee or director, Officer
3$20,000
GLORIA CARTERPRESIDENT
Trustee or director, Officer
10$0
JAY BROWNDIRECTOR
Trustee or director
3$0
BRIAN SCHLUSSELBERGDIRECTOR
Trustee or director
3$0
ALEX SPIRODIRECTOR
Trustee or director
3$0
CHAKA PILGRIMHONORARY BOARD MEMBER
Officer
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DANIA DIAZEXECUTIVE DIRECTOR
Officer
40$93,462
CAROLYN ARCHERDIRECTOR
Trustee or director
3$20,000
GLORIA CARTERPRESIDENT
Trustee or director, Officer
10$0
CHAKA PILGRIMSECRETARY
Trustee or director, Officer
1$0
JAY BROWNDIRECTOR
Trustee or director
3$0
ALEX SPIRODIRECTOR
Trustee or director
3$0
BRIAN SCHLUSSELBERGDIRECTOR
Trustee or director
3$0

Address and contacts

Address (IRS master file)
1271 AVE OF THE AMERICAS, NEW YORK, NY 10020-1300
In care of
% KASHYAP BAKHAI
Principal officer (990 for 2024)
DANIA DIAZ, 1271 AVENUE OF THE AMERICAS, NEW YORK, NY 10020
Signed the 990
DANIA DIAZ, EXECUTIVE DIRECTOR
Phone
(212) 497-2073
Return prepared by
CITRIN COOPERMAN ADVISORS LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-3662240
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$16,531,193
Income (IRS master file)
$5,146,379

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,146,379$1,499,664$16,531,193XML
990December 2023$11,009,237$3,034,784$12,937,536XML
990December 2022$2,357,871$1,053,149$4,948,214IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3662240).

Questions about SHAWN CARTER SCHOLARSHIP FUND

What is the EIN of SHAWN CARTER SCHOLARSHIP FUND?
The employer identification number (EIN) of SHAWN CARTER SCHOLARSHIP FUND is 11-3662240.
Is SHAWN CARTER SCHOLARSHIP FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to SHAWN CARTER SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SHAWN CARTER SCHOLARSHIP FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SHAWN CARTER SCHOLARSHIP FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SHAWN CARTER SCHOLARSHIP FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SHAWN CARTER SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 names DANIA DIAZ.
Who are the officers and directors of SHAWN CARTER SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $93,151 (DANIA DIAZ, EXECUTIVE DIRECTOR).
How much revenue does SHAWN CARTER SCHOLARSHIP FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,146,379, expenses of $1,499,664 and total assets of $16,531,193 at year end.

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