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Education : Scholarship and Financial Support

Carson Scholars Fund

Discovering Promise... Rewarding Excellence

four stars

92.07

305 West Chesapeake Avenue Towson, MD 21204
tel: (410) 828-1005   Web Site
EIN: 52-1851346

Board Leadership
Lee Warner
Chairman Of The Board

CEO
Amy Warner
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 92.07 four stars
  Financial 92.16 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 06/01/2017 and includes data from FY2016, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

four stars

92.16

Accountability & Transparency

four stars

92.00

This rating was published 06/01/2017 and includes data from FY2016, 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)
92.0%
  Administrative Expenses 4.9%
  Fundraising Expenses 2.9%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 2.39
  Program Expenses Growth 9.7%
  Liabilities to Assets 46.9%
All data for Financial Performance Metrics calculations was provided by Carson Scholars Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Carson Scholars Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Carson Scholars Fund (MD) 92.07 four stars
Children's Scholarship Fund (NY) 91.16 four stars
Scholarship America (MN) 90.26 four stars
American Technion Society (NY) 89.19 three stars
Extra Mile Education Foundation (PA) 85.91 three stars

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The Carson Scholars Fund supports two main initiatives: The Carson Scholars Program and The Ben Carson Reading Project. Our scholarship program awards students who have embraced high levels of academic excellence and community service with $1,000 college scholarships. The Ben Carson Reading Project provides funding to schools to build and maintain Ben Carson Reading Rooms – warm, inviting rooms where children can discover the joy of independent leisure reading.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,321,765
   Federated Campaigns $4,774
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,326,539
   Program Service Revenue $449,922
Total Primary Revenue $1,776,461
   Other Revenue $425,328
TOTAL REVENUE $2,201,789
   
EXPENSES  
   Program Expenses $1,896,413
   Administrative Expenses $105,386
   Fundraising Expenses $64,555
TOTAL FUNCTIONAL EXPENSES $2,066,354
   
Payments to Affiliates $0
Excess (or Deficit) for the year $135,435
   
Net Assets $4,597,525

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 $1,635,716 86.3%
Reading Programs $260,697 13.7%

Ratings History
Carson Scholars Fund has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 06/01/2017 92.07 four stars
2015-06 12/21/2016 91.81 four 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 52-1851346
Name in IRS Master File CARSON SCHOLARS FUND INC
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 (40) Scholarships (other)
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 June, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

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

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Compensation % of Expenses Paid to Title
$175,000 8.46% Amy Warner Executive Director
Other Salaries of Note
Not compensated -- Lee Warner Chairman Of The Board

The Carson Scholars Fund supports two main initiatives: The Carson Scholars Program and The Ben Carson Reading Project. Our scholarship program awards students who have embraced high levels of academic excellence and community service with $1,000 college scholarships. The Ben Carson Reading Project provides funding to schools to build and maintain Ben Carson Reading Rooms – warm, inviting rooms where children can discover the joy of independent leisure reading.

Highly Rated

Charity Name & State Overall Score Overall Rating
Carson Scholars Fund (MD) 92.07 four stars
Take Stock in Children (FL) 91.28 four stars
Children of Fallen Patriots Foundation (VA) 92.77 four stars
Pardes Institute of Jewish Studies, North America (NY) 86.07 three stars
I Know I Can (OH) 93.50 four stars

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Charity Contact Info

Carson Scholars Fund
305 West Chesapeake Avenue
Towson, MD 21204
tel: (410) 828-1005
fax: (410) 828-1007
EIN: 52-1851346

Visit Web Site

Board Leadership

Lee Warner
Chairman Of The Board

CEO

Amy Warner
Executive Director

[ X ]

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