Shawn Carter Scholarship Fund

C O Bessemer Trust

New York, NY
Tax-exempt since July 2003
EIN: 11-3662240

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$11M (2023)

Expenses

$3.03M (2023)

Total Assets

$12.9M (2023)

Total Liabilities

$142k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$11,009,237

Expenses

$3,034,784

Net Income

$7,974,453

Net Assets

$12,795,202

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,620,376	96.5%
Program Services	$0
Investment Income	$360,869	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$6,378	0.1%
Sales of Assets	$21,614	0.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,278	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$81,378	2.7%

Assets/Debt
Total Assets	$12,937,536
Total Liabilities	$142,334
Net Assets	$12,795,202

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$93,462	$0	$0
Carolyn Archer (Director)	$20,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Jay Brown (Director)	$0	$0	$0
Alex Spiro (Director)	$0	$0	$0
Brian Schlusselberg (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$2,357,871

Expenses

$1,053,149

Net Income

$1,304,722

Net Assets

$4,820,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,317,746	98.3%
Program Services	$0
Investment Income	$423	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$39,702	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,000	10.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$75,000	7.1%

Assets/Debt
Total Assets	$4,948,214
Total Liabilities	$127,465
Net Assets	$4,820,749

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Carolyn Archer (Board Member)	$20,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$552,974

Expenses

$756,066

Net Income

-$203,092

Net Assets

$3,516,027

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$549,580	99.4%
Program Services	$0
Investment Income	$371	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$3,641
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,664	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$75,463	10.0%

Assets/Debt
Total Assets	$3,559,051
Total Liabilities	$43,024
Net Assets	$3,516,027

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Carolyn Archer (Board Member)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$3,724,003

Expenses

$4,624,770

Net Income

-$900,767

Net Assets

$3,719,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,673,793	98.7%
Program Services	$60,000	1.6%
Investment Income	$565	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$10,950
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$595	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,994	1.8%

Assets/Debt
Total Assets	$3,770,693
Total Liabilities	$51,574
Net Assets	$3,719,119

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Carolyn Archer (Board Member)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$4,924,166

Expenses

$694,109

Net Income

$4,230,057

Net Assets

$4,619,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,491,484	91.2%
Program Services	$0
Investment Income	$257	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$432,425	8.8%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	13.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$75,040	10.8%

Assets/Debt
Total Assets	$4,714,045
Total Liabilities	$94,159
Net Assets	$4,619,886

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Carolyn Archer (Board Member)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0
Brian Lemek (Board Member)	$0	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$966,856

Expenses

$623,706

Net Income

$343,150

Net Assets

$485,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$964,668	99.8%
Program Services	$2,100	0.2%
Investment Income	$88	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	14.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,427	12.7%

Assets/Debt
Total Assets	$520,383
Total Liabilities	$35,211
Net Assets	$485,172

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Dania Diaz (Executive Director)	$0	$90,000	$0
Carolyn Archer (Board Member)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0
Brian Lemek (Board Member)	$0	$0	$0

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990

Filed on Nov. 11, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$750,677

Expenses

$742,799

Net Income

$7,878

Net Assets

$142,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$742,118	98.9%
Program Services	$8,590	1.1%
Investment Income	$27	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$58
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	12.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$126,706	17.1%

Assets/Debt
Total Assets	$165,041
Total Liabilities	$23,019
Net Assets	$142,022

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Carolyn Archer (Board Member)	$0	$0	$0
Neil Sirni (Board Member)	$0	$0	$0
Brian Lemek (Board Member)	$0	$0	$0

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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$383,438

Expenses

$832,035

Net Income

-$448,597

Net Assets

$134,145

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$376,742	98.3%
Program Services	$6,650	1.7%
Investment Income	$46	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	10.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$121,196	14.6%

Assets/Debt
Total Assets	$185,925
Total Liabilities	$51,780
Net Assets	$134,145

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0

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990

Filed on Jan. 18, 2018

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Fiscal Year Ending Dec.
2015

Revenue

$114,943

Expenses

$915,404

Net Income

-$800,461

Net Assets

$582,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$107,456	93.5%
Program Services	$7,127	6.2%
Investment Income	$360	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	9.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,950	11.2%

Assets/Debt
Total Assets	$630,178
Total Liabilities	$47,436
Net Assets	$582,742

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$1,464,591

Expenses

$1,108,359

Net Income

$356,232

Net Assets

$1,383,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,457,135	99.5%
Program Services	$7,200	0.5%
Investment Income	$256	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$90,000	8.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$101,000	9.1%

Assets/Debt
Total Assets	$1,428,084
Total Liabilities	$44,881
Net Assets	$1,383,203

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$90,000	$0	$0
Gloria Carter (President)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0

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990

Filed on Nov. 16, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$1,029,820

Expenses

$832,928

Net Income

$196,892

Net Assets

$1,026,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,054,696	> 100%
Program Services	$5,400	0.5%
Investment Income	$246	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$30,522
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,968	14.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$117,846	14.1%

Assets/Debt
Total Assets	$1,038,844
Total Liabilities	$11,873
Net Assets	$1,026,971

Compensation

Key Employees and Officers	Compensation	Related	Other
Dania Diaz (Executive Director)	$111,000	$0	$5,968
Gloria Carter (President)	$0	$0	$0
Chaka Pilgrim (Secretary)	$0	$0	$0
Kashyap Bakhai (Treasurer)	$0	$0	$0

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990

Filed on Nov. 13, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$905,093

Expenses

$704,792

Net Income

$200,301

Net Assets

$830,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$903,411	99.8%
Program Services	$2,600	0.3%
Investment Income	$445	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$1,363
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$132,591	18.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,981	5.5%

Assets/Debt
Total Assets	$842,456
Total Liabilities	$12,377
Net Assets	$830,079

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$802,425

Expenses

$274,176

Net Income

$528,249

Net Assets

$629,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$968,300	> 100%
Program Services	$0
Investment Income	$54	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$175,631
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$64,060	23.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$649,489
Total Liabilities	$19,711
Net Assets	$629,778

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$218,903

Expenses

$175,273

Net Income

$43,630

Net Assets

$101,529

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$218,849	100.0%
Program Services	$0
Investment Income	$54	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$101,529
Total Liabilities	$0
Net Assets	$101,529

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Shawn Carter Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $11M (2023)

Expenses $3.03M (2023)

Total Assets $12.9M (2023)

Total Liabilities $142k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$11M (2023)

Expenses

$3.03M (2023)

Total Assets

$12.9M (2023)

Total Liabilities

$142k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002