2023-11-15T13:24:15-06:00 2022-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 290 W MT PLEASANT AVENUE 3310 LIVINGSTON NJ 07039 990 2022-01-01 113662240 SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA SHAW 2124972073 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 DANIA DIAZ EXECUTIVE DIRECTOR 2124972073 2023-11-15 1 DANIA DIAZ 999009999 0 PAULA VUKSIC P00360739 9732180500 2023-11-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DANIA DIAZ 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 2357871 0 X WWW.SHAWNCARTERSF.COM X 2002 NY TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR COLLEGE EDUCATION. 6 4 2 60 0 0 549580 2317746 0 0 371 423 3023 39702 552974 2357871 534503 689313 0 0 188970 208342 0 0 40293 32593 155494 756066 1053149 -203092 1304722 3559051 4948214 43024 127465 3516027 4820749 X TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR EDUCATION AT INSTITUTIONS OF HIGHER LEARNING BY PROVIDING THEM WITH EDUCATIONAL SCHOLARSHIPS AND RELATED EDUCATIONAL SUPPORT SERVICES TO ENSURE THEIR PATH TOWARDS SUCCESS. 1 0 490796 349680 SCHOLARSHIPS ALLOCATED TO QUALIFIED APPLICANT STUDENTS IN NEED. THE STUDENTS ARE SELECTED BY AN ADMISSIONS COMMITTEE COMPRISED BY THE FOUNDATION'S MANAGEMENT TEAM, STAFF, AND VOLUNTEERS. DURING 2022 EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO AROUND 118 STUDENTS.AN ADDITIONAL GRANT WAS MADE TO BOYS AND GIRLS CLUB OF AMERICA IN THE AMOUNT OF $137,500 TOWARD SCHOLARSHIPS FOR YOUTH.ALSO ADDITIONAL SCHOLARSHIPS AND STIPENDS FOR SELECTED STUDENTS WAS AWARDED IN THE AMOUNT OF $33,680 AS PART OF THE NEWLY ESTABLISHED JOSH DUBIN FELLOWSHIP PROGRAM. 31717 31717 FOUNDATION'S ANNUAL HISTORICALLY BLACK COLLEGE AND UNIVERSITY BUS TOUR EXPOSING HIGH SCHOOL YOUTH TO DIFFERENT COLLEGES IN ORDER TO PROMOTE INCREASED COLLEGE ATTENDANCE. IN 2022, 38 STUDENTS ATTENDED THE HBCU BUS TOUR. 236028 TWO FINANCIAL EMPOWERMENT AND WEALTH BUILDING PROGRAMS: 1) BRIDGES TO WEALTH . BRIDGES TO WEALTH (B2W) IS AN INNOVATIVE FINANCIAL EMPOWERMENT PROGRAM LOCATED AT THE WHARTON SCHOOL OF BUSINESS, FOCUSED ON STUDENTS, PARENTS, AND LOCAL COMMUNITY PARTNERS. B2W'S GOAL IS TO INCREASE THE WEALTH-GENERATING CAPABILITIES OF FAMILIES LIVING IN UNDERSERVED NEIGHBORHOODS. B2W OFFERS A SERIES OF WORKSHOPS TO FAMILIES AND STUDENTS. 2) A SECOND INITIATIVE LAUNCHEDIN 2022, BITCOIN ACADEMY, FOCUSES ON FINANCIAL LITERACY AND BITCOIN EDUCATION FOR RESIDENTS OF MARCY HOUSES IN BROOKLYN, NEW YORK. THE PROGRAM RAN DURING THE SUMMER OF 2022. 91089 TOY GIVEAWAY AND COMMUNITY GOODWILL. 91089 849630 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 CA FL NJ NV PA X BESSEMER TRUST COMPANY NA 2126511091 1271 AVENUE OF THE AMERICAS NEW YORK NY 10020 X GLORIA CARTER PRESIDENT 10.00 X X 0 0 0 CHAKA PILGRIM SECRETARY 1.00 X X 0 0 0 KASHYAP BAKHAI TREASURER 1.00 X X 0 0 0 DANIA DIAZ EXECUTIVE DIRECTOR 40.00 X X 90000 0 0 CAROLYN ARCHER BOARD MEMBER 3.00 X 20000 0 0 NEIL SIRNI BOARD MEMBER 1.00 X 0 0 0 110000 0 0 0 0 0 0 0 4859 2312887 2317746 423 423 MISCELLANEOUS INCOME 900099 39702 39702 39702 2357871 39702 0 423 137500 137500 551813 551813 110000 53572 41307 15121 75000 36526 28164 10310 11085 6984 2716 1385 12257 7722 3003 1532 24467 24467 38650 38650 2636 2636 10000 10000 11708 9763 1945 623 623 4913 4913 EVENT PRODUCTION 55672 55513 159 STORAGE 6825 6825 1053149 849630 163226 40293 3559051 4942214 6539 6539 0 0 6000 3559051 4948214 43024 127465 43024 127465 X 3516027 4820749 3516027 4820749 3559051 4948214 1304722 0 X 0 1 X 0 0 X 966768 4491484 3733793 549580 2317746 12059371 966768 4491484 3733793 549580 2317746 12059371 5211334 6848037 88 257 565 371 423 1704 432425 432425 595 6664 39702 46961 12540461 0.54610 0.34300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6539 6539 0 0 2389810 31939 31939 2357871 0 2357871 1085088 31939 31939 1053149 0 1053149 SCHEDULE D, PART X, LINE 2 THE SHAWN CARTER SCHOLARSHIP FUND ("FUND") IS EXEMPT FROM INCOME TAXES AS AN ORGANIZATION (NOT A PRIVATE FOUNDATION) FORMED FOR CHARITABLE PURPOSES AND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DONORS MAY DEDUCT CONTRIBUTIONS MADE TO THE FUND WITHIN INTERNAL REVENUE CODE REGULATIONS. THE FUND IS SUBJECT TO FEDERAL AND STATE TAX ON INCOME FROM ANY UNRELATED BUSINESS. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FUND HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FUND BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FUND'S FINANCIAL CONDITION, CHANGES IN UNRESTRICTED NET ASSETS OR CASH FLOWS. ACCORDINGLY, THE FUND HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022 AND 2021. THE FUND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FUND'S FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BEGINNING WITH CALENDAR YEAR ENDED 2019. 1 BOYS AND GIRLS CLUB OF AMERICA 1275 PEACHTREE STREET NE ATLANTA GA 30309 135562976 501(C)(3) 137500 0 SCHOLARSHIP GRANT 1 EDUCATIONAL COLLEGE BUS TOUR 38 31717 ACTUAL COSTS PROGRAM SUPPORT SCHOLARSHIPS AWARDED 118 212180 ACTUAL COSTS PROGRAM SUPPORT PART I, LINE 2: A GRANT OF $137,300 WAS MADE TO THE BOYS AND GIRLS CLUB OF AMERICA TO SUPPORT STUDENTS ACADEMIC PROGRESS WITH SCHOLARSHIP SUPPORT. PART III THE JOSH DUBIN FELLOWSHIP IS A SOCIAL JUSTICE PROGRAM FOR SHAWN CARTER SCHOLARS. FIVE STUDENTS ARE CHOSEN ANNUALLY AND HAVE AN INTERNSHIP EXPERIENCE AT DUBIN RESEARCH & CONSULTING AND ADDITIONAL SCHOLARSHIP SUPPORT. THE PROGRAM WAS LAUNCHED IN 2022 AND IS EXPECTED TO END IN 2027. BITCOIN ACADEMY, FOCUSES ON FINANCIAL LITERACY AND BITCOIN EDUCATION FOR RESIDENTS OF MARCY HOUSES IN BROOKLYN, NEW YORK. THE PROGRAM RAN DURING THE SUMMER OF 2022. FORM 990, PART III, LINE 2 JOSH DUBIN FELLOWSHIP AND BITCOIN ACADEMY FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT MEMBERS OF THE BOARD REVIEWS THE FINANCIALS FOR THE YEAR FOR ACCURACY. THEY WILL THEN REVIEW THE AUDIT AND FORM 990 AND APPROVE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY AT BOARD MEETINGS, THE MEMBERS WILL REVIEW ANY UPDATES AND CHANGES TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. PART VII, SECTION A CAROLYN ARCHER RECEIVES $20,000 AS A YEARLY STIPEND AS SHE HELPS TO PLAN AND OVERSEE THE COLLEGE BUS TOUR PROGRAM AND PROVIDES SOME ADMINISTRATIVE OVERSIGHT ON OTHER FOUNDATION PROGRAMS.