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Education : Scholarship and Financial Support

Carson Scholars Fund

Discovering Promise... Rewarding Excellence

three stars

89.91

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 89.91 three stars
  Financial 88.20 three stars
  Accountability & Transparency 92.00 four stars
This rating was published 06/01/2018 and includes data from FY2017, the most recent 990 received at that time.

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.

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.

Results Information

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Financial

three stars

88.20

Accountability & Transparency

four stars

92.00

This rating was published 06/01/2018 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)
91.9%
  Administrative Expenses 5.2%
  Fundraising Expenses 2.8%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 5.05
  Program Expenses Growth 3.2%
  Liabilities to Assets 28.3%
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) 89.91 three stars
American Quarter Horse Foundation (TX) 90.03 four stars
Evans Scholars Foundation (IL) 92.20 four stars
UNCF (DC) 92.00 four stars
Foster Care to Success (OH) 85.70 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,053,686
   Federated Campaigns $3,181
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $6,056,867
   Program Service Revenue $400,142
Total Primary Revenue $6,457,009
   Other Revenue $444,020
TOTAL REVENUE $6,901,029
   
EXPENSES  
   Program Expenses $1,825,885
   Administrative Expenses $111,500
   Fundraising Expenses $48,030
TOTAL FUNCTIONAL EXPENSES $1,985,415
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,915,614
   
Net Assets $9,995,260

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 $1,572,172 86.1%
Reading Programs $253,713 13.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 06/01/2018 89.91 three stars
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, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

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).

Compensation % of Expenses Paid to Title
$175,000 8.81% Amy Warner Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Carson Scholars Fund (MD) 89.91 three stars
The Francis Ouimet Scholarship Fund (MA) 87.21 three stars
Thanks USA (VA) 89.39 three stars
College Now Greater Cleveland (OH) 95.47 four stars
SHRM Foundation (VA) 86.52 three 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

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Board Leadership

Lee Warner
Chairman Of The Board

CEO

Amy Warner
Executive Director

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