SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA

EIN: 113662240 501(c)(3) Education

NEW YORK, NY

Total Revenue
$5,146,379
Total Expenses
$1,499,664
Total Assets
$16,531,193
Net Assets
$16,433,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
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 POST SECONDARY EDUCATION.WE OPEN THE DOORS OF EDUCATION, TRAVEL AND ENLIGHTENMENT AND EXPERIENCES TO THOSE WHO MAY NEVER HAVE THOUGHT IT POSSIBLE.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
63

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
4
$113,151
Total Directors
5
$20,000
Key Employees
0
$0
Highest Compensated
0
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
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