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Education : Youth Education Programs and Services

The Shawn Carter Foundation

Helping individuals facing socio-economic hardships

two stars

77.03

1450 Brickell Avenue 18th Floor
Miami, FL 33131
tel: (212) 497-2073   Web Site
EIN: 11-3662240

Board Leadership
Gloria Carter
President

CEO
Dania Diaz
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 77.03 two stars
  Financial 76.10 two stars
  Accountability & Transparency 78.00 two stars
This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The mission of the Shawn Carter Foundation is to help individuals facing socio-economic hardships further their education at post secondary institutions. The Shawn Carter Foundation was established in 2003 as a public charity ("Shawn Carter Scholarship Fund") by Shawn Carter and his mother, Gloria Carter. Since the Foundation's inception, funds raised have supported initiatives to empower youth and communities in need through the Foundation's signature scholarship fund, annual college tours, study abroad experiences, counseling initiatives, and giveback programs.

The mission of the Shawn Carter Foundation is to help individuals facing socio-economic hardships further their education at post secondary institutions. The Shawn Carter Foundation was established in 2003 as a public charity ("Shawn Carter Scholarship Fund") by Shawn Carter and his mother, Gloria Carter. Since the Foundation's inception, funds raised have supported initiatives to empower youth and communities in need through the Foundation's signature scholarship fund, annual college tours, study abroad experiences, counseling initiatives, and giveback programs.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Shawn Carter Scholarship Fund
Program Activities
Shawn Carter Scholarship Fund grants scholarships to beneficiaries.
Impact Statement
$2,600 increases income for a scholarship recipient in need by $3,800.
Impact Assessment
4/5
Assessment Benchmark
Impact assessments of postsecondary scholarship programs are based on income generated relative to cost. Programs receive a 5/5 assessment if they increase income for a recipient by more than $1.50 for every $1 spent and a 4/5 assessment if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a 3/5 assessment.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Shawn Carter Scholarship Fund.
Data Source
Output data collected during the program. Shawn Carter Scholarship Fund publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of November 2019, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

two stars

76.10

Accountability & Transparency

two stars

78.00

This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.1%
  Administrative Expenses 12.8%
  Fundraising Expenses 7.0%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 0.17
  Program Expenses Growth -2.2%
  Liabilities to Assets 13.9%
All data for Financial Performance Metrics calculations was provided by The Shawn Carter Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Shawn Carter Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Shawn Carter Foundation (FL) 77.03 two stars
Rainier Scholars (WA) 95.55 four stars
Year Up (MA) 89.10 three stars
AAUW - American Association of University Women (DC) 85.88 three stars
Students Rising Above (CA) 91.04 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $587,178
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $154,940
   Related Organizations $0
   Government Grants $0
Total Contributions $742,118
   Program Service Revenue $8,590
Total Primary Revenue $750,708
   Other Revenue $-31
TOTAL REVENUE $750,677
   
EXPENSES  
   Program Expenses $577,561
   Administrative Expenses $112,130
   Fundraising Expenses $53,108
TOTAL FUNCTIONAL EXPENSES $742,799
   
Payments to Affiliates $0
Excess (or Deficit) for the year $7,878
   
Net Assets $142,022

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $407,250 70.5%
Educational Support Programs and Services $44,606 7.7%
Toy Drive $8,452 1.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 06/01/2019 77.03 two stars
2016-12 07/01/2018 78.20 two stars
2015-12 11/01/2017 93.16 four stars
2015-12 07/01/2017 81.02 three stars
2014-12 06/01/2016 81.54 three stars
 
CN 2.0
2013-12 04/01/2016 80.70 three stars
2013-12 02/01/2016 75.93 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 11-3662240
Name in IRS Master File SHAWN CARTER SCHOLARSHIP FUND
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 2003
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$90,000 12.11% Dania Diaz Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Shawn Carter Foundation (FL) 77.03 two stars
Sponsors for Educational Opportunity (SEO) (NY) 97.90 four stars
Educando by Worldfund (DC) 94.18 four stars
Teach For America (NY) 87.77 three stars
New Door Ventures (CA) 86.79 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Shawn Carter Foundation
1450 Brickell Avenue
18th Floor
Miami, FL 33131
tel: (212) 497-2073
EIN: 11-3662240

Visit Web Site

Board Leadership

Gloria Carter
President

CEO

Dania Diaz
Executive Director

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