SHAWN CARTER SCHOLARSHIP FUND C/O … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DANIA DIAZ

Phone

2124972073

Tax Period

2024-01-01 to 2024-12-31

SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA, founded in 2002, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.6M, a strong 71% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $576,257

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.

Program 2

Expenses: $331,750

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...

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.

Program 3

Expenses: $109,989

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,448,621

Program Service Revenue $0

Investment Income $647,590

Other Revenue $50,168

TOTAL REVENUE $5,146,379

Expense Breakdown

Grants Paid $572,477

Salaries & Benefits $206,903

Fundraising Expenses $42,821

Program Expenses $1,288,581

Other Expenses $720,284

TOTAL EXPENSES $1,499,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,146,379	$11,009,237	-0.5%
Expenses	$1,499,664	$3,034,784	-0.5%
Net Income	$3,646,715	$7,974,453	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$113,151

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA CARTER	PRESIDENT	10.00	Officer Director	$0	$0	$0
CAROLYN ARCHER	SECRETARY	3.00	Officer Director	$20,000	$0	$20,000
JAY BROWN	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN SCHLUSSELBERG	DIRECTOR	3.00	Director	$0	$0	$0
ALEX SPIRO	DIRECTOR	3.00	Director	$0	$0	$0
DANIA DIAZ	EXECUTIVE DIRECTOR	40.00	Officer	$93,151	$0	$93,151
CHAKA PILGRIM	HONORARY BOARD MEMBER	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,146,379	$1,499,664	$16,531,193	$3,646,715
2023	$11,009,237	$3,034,784	$12,937,536	$7,974,453
2022	$2,357,871	$1,053,149	$4,948,214	$1,304,722
2021	$552,974	$756,066	$3,559,051	$-203,092
2020	$3,724,003	$4,624,770	$3,770,693	$-900,767
2019	$4,924,166	$694,109	$4,714,045	$4,230,057
2018	$966,856	$623,706	$520,383	$343,150

SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA