SHAWN CARTER SCHOLARSHIP FUND

aka Shawn Carter Foundation | New York, NY | www.shawncartersf.com

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GuideStar Charity Check

EIN: 11-3662240

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(1)
as of May 08, 2023

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Charity Check report

Mission

The Shawn Carter Foundation (aka "Shawn Carter Scholarship Fund") was founded as a public charity in 2003 by Gloria Carter and her son, Shawn "JAY-Z" Carter to open the doors of education, travel, enlightenment and experiences to those that may never have thought it possible. In doing so, the goal is to significantly increase the educational, social, and economic prospects of traditionally underserved students so they can fulfill their dreams and become positive contributors to the global community. Everyone possesses a genius level talent and The Shawn Carter Foundation’s mission is to give a platform to achieve greatness.

Ruling year info

2003

CEO and Co-Founder

Gloria Carter

Executive Director

Dania Diaz

Main address

c/o Bessemer Trust 1271 Avenue of the Americas

New York, NY 10020 USA

Show more contact info

EIN

11-3662240

Subject area info

Education

Population served info

Adolescents

Young adults

Ethnic and racial groups

Immigrants

Economically disadvantaged people

Show more populations served

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarship Fund

Provides individual grants, paid directly to the educational institution, to every student who qualifies and reapplies yearly, from admission to graduation. The grant can be used to cover tuition expenses and related supplemental educational expenses such as books, lab fees, travel and select costs of living. All Shawn Carter Scholars are required to “give back” by conducting community service and by serving as mentors to younger, aspiring Shawn Carter Scholars.

Population(s) Served

Ethnic and racial groups

Economically disadvantaged people

Adolescents

Young adults

Students

College Exposure Workshops and HBCU Bus Tour

Exposes aspiring college students to the world of historically black colleges and universities (HBCUs) in order to promote increased college attendance at these institutions of higher learning. Over 10 original partner HBCUs from Pennsylvania to Georgia are visited throughout the tour, and the majority of these institutions become the future academic homes of our college tour participants. Currently the tours service interested candidates in New York, New Jersey and Connecticut. Candidates are required to attend a series of preparatory workshops to strengthen their prospects for college admission including:

ACT/SAT Preparation
Financial Aid & Scholarships Resources
College Essay and the Academic Resume
Interview Skills, Dress for Success
College Orientation

Population(s) Served

Adolescents

Ethnic and racial groups

Economically disadvantaged people

Immigrants

Students

Study Abroad

Funding is a top barrier to first-generation student participation in study abroad. SCF has partnered with institutions to expand opportunities for scholars to travel and develop global perspectives. 31 students have studied abroad with all expenses paid. Past partners include the Institute for International Education (IIE)/Gilman International Scholarship Program and University of the Arts - London.

Population(s) Served

Students

Young adults

Ethnic and racial groups

Economically disadvantaged people

Where we work

Affiliations & memberships

Joyce E. Smith Excellence in Education (NACAC) 2020

External reviews

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

We aim to:
1) Increase opportunities for advancement among underserved youth seeking to fulfill their educational and professional goals
2)Increase the number of underserved youth attending and graduating post-secondary institutions
3) Strengthen the workforce by preparing diverse talent that has been traditionally underrepresented in various fields, industries, and sectors for vital roles in all facets of business and leadership.

What are the organization's key strategies for making this happen?

Our strategies for making our programs happen are the following

Increase opportunities for advancement among underserved youth seeking to fulfill their educational and professional goals:
Provide scholarship support to remove financial barriers to post secondary education and trade schools
Provide college workshops and an HBCU bus tour to increase knowledge and preparation for college and exposure to Historically Black colleges and universities
Provide funded opportunities for underserved youth to study abroad
Provide wealth building and financial literacy programs
Provide networking opportunities with professionals in a variety of fields and linking scholars with job opportunities

Increase the number of youth attending and graduating post-secondary institutions and trade schools:
Provide scholarship support to remove financial barriers
Expand outreach to high schools to recruit, enroll and engage more youth in our college workshops
Link students with alumni and other scholars for community support and networking

Strengthen the workforce by preparing diverse talent that has been traditionally underrepresented in various fields, industries, and sectors for vital roles in all facets of business and leadership.
Partner with corporations and institutions to secure job exposure, internships and fellowship opportunities for scholars (ex: Josh Dubin Fellowship)

What are the organization's capabilities for doing this?

Our organization has been providing these services for 20 years with qualified staff, dedicated board, focused curricula, and corporate and educational partners and supporters.

What have they accomplished so far and what's next?

We have accomplished tracking the following metrics:
- HBCU Bus Tour: number of students participating in the series of workshops and attending, number of seniors provisionally accepted on the tour, number of students who matriculate at the visited schools
- Scholarship Fund: number of applicants over the course of years, number of scholars graduating within 4 - 5 years, number of scholars receiving job placement after graduation

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We demonstrated a willingness to learn more by reviewing resources about feedback practice.

We shared information about our current feedback practices.

Who are the people you serve with your mission?

Youth, parents, young adults in underserved and under-resourced communities.
How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

It is difficult to get the people we serve to respond to requests for feedback

Financials

SHAWN CARTER SCHOLARSHIP FUND

Fiscal year: Jan 01 - Dec 31

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021

SOURCE: IRS Form 990

82.72

Average of 43.05 over 10 years

Months of cash in 2021

SOURCE: IRS Form 990

56.5

Average of 21.1 over 10 years

Fringe rate in 2021

SOURCE: IRS Form 990

14%

Average of 11% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

SHAWN CARTER SCHOLARSHIP FUND

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$218,849
Government Grants	$0
Program Services	$0
Investments	$54
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$218,903

Expenses
Program Services	$167,967
Administration	$7,306
Fundraising	$0
Total Expenses	$175,273
Net Gain/Loss	$43,630

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$968,300
Government Grants	$0
Program Services	$0
Investments	$54
Special Events	($165,929)
Sales	$0
Other	$0
Total Revenue	$802,425

Expenses
Program Services	$141,357
Administration	$62,499
Fundraising	$70,320
Total Expenses	$274,176
Net Gain/Loss	$528,249

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$6,170
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$144
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$903,411
Government Grants	$0
Program Services	$2,600
Investments	$445
Special Events	($1,363)
Sales	$0
Other	$0
Total Revenue	$905,093

Expenses
Program Services	$523,020
Administration	$93,682
Fundraising	$88,090
Total Expenses	$704,792
Net Gain/Loss	$200,301

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$1,500
Information Technology Expenses	$10,534
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,054,696
Government Grants	$0
Program Services	$5,400
Investments	$246
Special Events	($30,522)
Sales	$0
Other	$0
Total Revenue	$1,029,820

Expenses
Program Services	$630,549
Administration	$110,028
Fundraising	$92,351
Total Expenses	$832,928
Net Gain/Loss	$196,892

Functional expenses
Accounting Fees	$10,000
Advertising & Promotion	$3,452
Information Technology Expenses	$5,645
Insurance Expenses	$1,278
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$10,733
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,457,135
Government Grants	$0
Program Services	$7,200
Investments	$256
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,464,591

Expenses
Program Services	$888,372
Administration	$148,692
Fundraising	$71,295
Total Expenses	$1,108,359
Net Gain/Loss	$356,232

Functional expenses
Accounting Fees	$37,280
Advertising & Promotion	$2,789
Information Technology Expenses	$17,672
Insurance Expenses	$1,187
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$2,153
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$107,456
Government Grants	$0
Program Services	$7,127
Investments	$360
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$114,943

Expenses
Program Services	$746,148
Administration	$108,685
Fundraising	$60,571
Total Expenses	$915,404
Net Gain/Loss	($800,461)

Functional expenses
Accounting Fees	$30,000
Advertising & Promotion	$1,386
Information Technology Expenses	$1,800
Insurance Expenses	$1,199
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$1,003
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$376,742
Government Grants	$0
Program Services	$6,650
Investments	$46
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$383,438

Expenses
Program Services	$671,923
Administration	$98,738
Fundraising	$61,374
Total Expenses	$832,035
Net Gain/Loss	($448,597)

Functional expenses
Accounting Fees	$17,945
Advertising & Promotion	$3,682
Information Technology Expenses	$3,412
Insurance Expenses	$1,227
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$2,914
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$742,118
Government Grants	$0
Program Services	$8,590
Investments	$27
Special Events	($58)
Sales	$0
Other	$0
Total Revenue	$750,677

Expenses
Program Services	$577,561
Administration	$112,130
Fundraising	$53,108
Total Expenses	$742,799
Net Gain/Loss	$7,878

Functional expenses
Accounting Fees	$17,808
Advertising & Promotion	$1,300
Information Technology Expenses	$0
Insurance Expenses	$3,294
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$5,611
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$964,668
Government Grants	$0
Program Services	$2,100
Investments	$88
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$966,856

Expenses
Program Services	$484,958
Administration	$108,625
Fundraising	$30,123
Total Expenses	$623,706
Net Gain/Loss	$343,150

Functional expenses
Accounting Fees	$31,330
Advertising & Promotion	$2,529
Information Technology Expenses	$0
Insurance Expenses	$3,322
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$2,880
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$4,491,484
Government Grants	$0
Program Services	$0
Investments	$257
Special Events	$432,425
Sales	$0
Other	$0
Total Revenue	$4,924,166

Expenses
Program Services	$557,989
Administration	$98,851
Fundraising	$37,269
Total Expenses	$694,109
Net Gain/Loss	$4,230,057

Functional expenses
Accounting Fees	$26,500
Advertising & Promotion	$1,846
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$940
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,639,530
Government Grants	$34,263
Program Services	$60,000
Investments	$565
Special Events	($10,950)
Sales	$0
Other	$595
Total Revenue	$3,724,003

Expenses
Program Services	$4,469,706
Administration	$125,335
Fundraising	$29,729
Total Expenses	$4,624,770
Net Gain/Loss	($900,767)

Functional expenses
Accounting Fees	$33,383
Advertising & Promotion	$1,998
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$17,679
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$549,580
Government Grants	$0
Program Services	$0
Investments	$371
Special Events	($3,641)
Sales	$0
Other	$6,664
Total Revenue	$552,974

Expenses
Program Services	$640,173
Administration	$86,787
Fundraising	$29,106
Total Expenses	$756,066
Net Gain/Loss	($203,092)

Functional expenses
Accounting Fees	$4,750
Advertising & Promotion	$4,439
Information Technology Expenses	$0
Insurance Expenses	$5,599
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$2,140
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

SHAWN CARTER SCHOLARSHIP FUND

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2010	Dec 31, 2010	Change
Contributions	$218,849
Cash & Equivalents	$62,877	$101,529	$38,652
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$0	$0
Total Assets	$62,877	$101,529	$38,652

Liabilities	Jan 01, 2010	Dec 31, 2010	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$4,978	$0	($4,978)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$4,978	$0	($4,978)

Fund balance	Jan 01, 2010	Dec 31, 2010	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$57,899	$101,529	$43,630

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$968,300
Cash & Equivalents	$101,529	$637,280	$535,751
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$0	$12,209	$12,209
Total Assets	$101,529	$649,489	$547,960

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$19,711	$19,711
Total Liabilities	$0	$19,711	$19,711

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$0	$0
Net Assets	$101,529	$629,778	$528,249

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$903,411
Cash & Equivalents	$637,280	$830,247	$192,967
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$12,209	$12,209	$0
Total Assets	$649,489	$842,456	$192,967

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$19,711	$12,377	($7,334)
Total Liabilities	$19,711	$12,377	($7,334)

Fund balance	Jan 01, 2012	Dec 31, 2012	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$629,778	$830,079	$200,301
Net Assets	$629,778	$830,079	$200,301

Assets	Jan 01, 2013	Dec 31, 2013	Change
Contributions	$1,054,696
Cash & Equivalents	$830,247	$1,034,120	$203,873
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$278	$278
Other	$12,209	$4,446	($7,763)
Total Assets	$842,456	$1,038,844	$196,388

Liabilities	Jan 01, 2013	Dec 31, 2013	Change
Accounts Payable	$0	$11,873	$11,873
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$12,377	$0	($12,377)
Total Liabilities	$12,377	$11,873	($504)

Fund balance	Jan 01, 2013	Dec 31, 2013	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$830,079	$1,026,971	$196,892
Net Assets	$830,079	$1,026,971	$196,892

Assets	Jan 01, 2014	Dec 31, 2014	Change
Contributions	$1,457,135
Cash & Equivalents	$1,034,120	$1,426,185	$392,065
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$278	$1,899	$1,621
Other	$4,446	$0	($4,446)
Total Assets	$1,038,844	$1,428,084	$389,240

Liabilities	Jan 01, 2014	Dec 31, 2014	Change
Accounts Payable	$11,873	$44,881	$33,008
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$11,873	$44,881	$33,008

SHAWN CARTER SCHOLARSHIP FUND

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of SHAWN CARTER SCHOLARSHIP FUND’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2017	2018	2019	2020	2021
Unrestricted surplus (deficit) before depreciation	$8,151	$343,424	$4,134,866	-$900,753	-$203,092
As % of expenses	1.1%	55.1%	595.8%	-19.5%	-26.9%
Unrestricted surplus (deficit) after depreciation	$7,877	$343,150	$4,134,714	-$900,767	-$203,092
As % of expenses	1.1%	55.0%	595.7%	-19.5%	-26.9%

Revenue composition
Total revenue (unrestricted & restricted)	$750,677	$966,856	$4,924,166	$3,724,003	$552,974
Total revenue, % change over prior year	95.8%	28.8%	409.3%	-24.4%	-85.2%
Program services revenue	1.1%	0.2%	0.0%	1.6%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%	0.1%
Government grants	0.0%	0.0%	0.0%	0.9%	0.0%
All other grants and contributions	98.9%	99.8%	100.0%	97.4%	98.7%
Other revenue	0.0%	0.0%	0.0%	0.0%	1.2%

Expense composition
Total expenses before depreciation	$742,525	$623,432	$693,957	$4,624,756	$756,066
Total expenses, % change over prior year	-10.7%	-16.0%	11.3%	566.4%	-83.7%
Personnel	31.4%	29.4%	25.5%	4.2%	25.0%
Professional fees	3.2%	5.5%	4.0%	1.1%	1.2%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	62.7%	62.1%	67.1%	94.3%	70.7%
All other expenses	2.8%	3.1%	3.4%	0.4%	3.1%

Full cost components (estimated)	2017	2018	2019	2020	2021
Total expenses (after depreciation)	$742,799	$623,706	$694,109	$4,624,770	$756,066
One month of savings	$61,877	$51,953	$57,830	$385,396	$63,006
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$804,676	$675,659	$751,939	$5,010,166	$819,072

Capital structure indicators

Liquidity	2017	2018	2019	2020	2021
Months of cash	2.5	5.2	81.5	9.8	56.5
Months of cash and investments	2.5	5.2	81.5	9.8	56.5
Months of estimated liquid unrestricted net assets	2.3	9.3	79.9	9.7	55.8

Balance sheet composition	2017	2018	2019	2020	2021
Cash	$155,871	$270,217	$4,714,031	$3,770,693	$3,559,051
Investments	$0	$0	$0	$0	$0
Receivables	$8,730	$250,000	$0	$0	$0
Gross land, buildings, equipment (LBE)	$6,539	$6,539	$6,539	$6,539	$6,539
Accumulated depreciation (as a % of LBE)	93.3%	97.5%	99.8%	100.0%	100.0%
Liabilities (as a % of assets)	13.9%	6.8%	2.0%	1.4%	1.2%
Unrestricted net assets	$142,022	$485,172	$4,619,886	$3,719,119	$3,516,027
Temporarily restricted net assets	$0	$0	N/A	N/A	N/A
Permanently restricted net assets	$0	$0	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$142,022	$485,172	$4,619,886	$3,719,119	$3,516,027

Key data checks

Key data checks	2017	2018	2019	2020	2021
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

CEO and Co-Founder

Gloria Carter

Executive Director

Dania Diaz

Number of employees

Source: IRS Form 990

SHAWN CARTER SCHOLARSHIP FUND

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

SHAWN CARTER SCHOLARSHIP FUND

Board of directors
as of 03/20/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Gloria Carter

Carolyn Archer

Kashyap Bakhai

Chaka Pilgrim

Neil Sirni

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 2/15/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

Black/African American

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Gay, lesbian, bisexual, or other sexual orientations in the LGBTQIA+ community

Disability status

Person without a disability

The organization's co-leader identifies as:

Race & ethnicity

Hispanic/Latino/Latina/Latinx

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

SHAWN CARTER SCHOLARSHIP FUND

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Scholarship Fund

College Exposure Workshops and HBCU Bus Tour

Study Abroad

Where we work

Affiliations & memberships

Goals & Strategy

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2021 info

82.72

Months of cash in 2021 info

56.5

Fringe rate in 2021 info

14%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

SHAWN CARTER SCHOLARSHIP FUND

SHAWN CARTER SCHOLARSHIP FUND

SHAWN CARTER SCHOLARSHIP FUND

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

CEO and Co-Founder

Gloria Carter

Executive Director

Dania Diaz

Number of employees

SHAWN CARTER SCHOLARSHIP FUND

Compensation data

SHAWN CARTER SCHOLARSHIP FUND

Board of directors data

Gloria Carter

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Liquidity in 2021

Months of cash in 2021

Fringe rate in 2021

Funding sources

Assets & liabilities