Overview
What is Carson Scholars Fund Inc?
Carson Scholars Fund Inc, located in Towson, Maryland, is a nonprofit organization that focuses on recognizing and rewarding academically exceptional students in grades 4 through 11 with college scholarships. Established with a mission to recognize and honor students who excel in academics and demonstrate humanistic qualities that positively impact society, the fund has awarded over 11,000 scholarships to students in all 50 states and Washington, D.C., since its inception. The organization boasts an alumni network of over 9,000 students who have graduated from high school. A significant portion of these scholars have utilized their scholarships, with over $9 million paid out on their behalf. In 2023, 1,305 scholars were honored at regional awards ceremonies, and as of 2023, more than 4,000 scholars have been recognized by the Carson Scholars Fund multiple times. The organization also supports schools by funding the establishment and maintenance of 'Ben Carson Reading Rooms,' where children can enjoy independent reading.
Official website here: www.carsonscholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Carson Scholars Fund, Inc. has achieved a remarkable rating of 100%, reflecting its strong commitment to accountability and finance, culture and community, as well as leadership and adaptability. This top-tier rating indicates that the organization effectively manages its funds, with 90.44% of its expenses allocated to programs that directly benefit students. The fund operates with a majority of independent board members, ensuring transparency and ethical governance, as noted in its comprehensive assessment metrics.
User reviews highlight the positive impact of the Carson Scholars Fund on students and schools across the country. Many testimonials praise the organization for its scholarship program, which not only rewards academic excellence but also encourages community service. The establishment of Ben Carson Reading Rooms has been particularly well-received, providing students with inspirational spaces that foster a love of reading and learning. Reviewers consistently express gratitude for the resources and support that the Carson Scholars Fund offers, emphasizing its role in nurturing future leaders.
While the feedback remains overwhelmingly positive, a few reviews mention the desire for even broader outreach and support, which is a common aspiration for many nonprofits. Overall, the Carson Scholars Fund is recognized as a valuable resource for empowering students through education, scholarship, and community engagement, affirming its reputation as a leading nonprofit dedicated to academic and personal growth.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Carson Scholars Fund Inc legitimate?
Carson Scholars Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carson Scholars Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $173,109
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,187
For more financial information, click here
Official website here: www.carsonscholars.org
What is the mission statement of Carson Scholars Fund Inc?
The Carson Scholars Fund Inc's mission is centered around recognizing and rewarding academically exceptional students in grades 4 through 11 with college scholarships. The organization emphasizes both students' outstanding academic performance and their commitment to community service. The scholarships aim to inspire these students to maintain their academic excellence and contribute positively to society. Additionally, the Carson Scholars Fund provides funding to schools to establish and maintain "Ben Carson Reading Rooms," creating welcoming spaces where children can enjoy independent reading and discover the joy of literature.
Official website here: www.carsonscholars.org
Who is the CEO of Carson Scholars Fund Inc?
Nancy Grasmick is the President of Carson Scholars Fund Inc.
Official website here: www.carsonscholars.org
What is the revenue of Carson Scholars Fund Inc?
Carson Scholars Fund Inc's revenue in 2023 was $1,830,742.
Official website here: www.carsonscholars.org
Who are the executives of Carson Scholars Fund Inc and what are their salaries?
The average compensation at Carson Scholars Fund Inc during 2023 was $56,230. There are 10 employees and 308 volunteers at Carson Scholars Fund Inc.
Here are 18 key members and their salaries:
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- Compensation: $150,000
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- Other: $23,109
Official website here: www.carsonscholars.org
Where can I find the form 990 for Carson Scholars Fund Inc?
Carson Scholars Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carsonscholars.org
Learn more at the official website: www.carsonscholars.org
Mission Statement of Carson Scholars Fund Inc
The Carson Scholars Fund Inc, a distinguished organization, is dedicated to recognizing and rewarding promising students in grades four through eleven. Its mission lies in identifying and honoring students who have achieved exceptional academic success and demonstrated a commitment to community service. The fund emphasizes their academic achievements, particularly their desire to maintain a strong academic record, as well as their humanistic qualities that positively impact society.
In addition to recognizing and rewarding these exceptional students, the Carson Scholars Fund Inc also provides funding to schools to establish and maintain "Ben Carson Reading Rooms." These warm, inviting spaces encourage independent, leisure reading among children, fostering a love for literature and knowledge. By promoting academic excellence and a passion for learning, the Carson Scholars Fund Inc is making a significant contribution to shaping the future leaders of society.
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Impact
July, 2024
Carson Scholars Fund Inc has had a significant impact on education by recognizing and rewarding promising students in grades 4-11 with scholarships to college. The organization has awarded more than 11,000 scholarships to students in all fifty states and Washington, DC. Over 800 colleges and universities have had Carson Scholars, with an alumni network of over 9,000 scholars.
Moreover, more than 6,000 scholars have used at least part of their scholarship, totaling over $9,000,000 in payouts on behalf of the scholars. In 2023, a total of 1,305 scholars were honored at regional awards ceremonies, including new scholars and previous scholars. Additionally, there are more than 4,000 scholars who have been recognized multiple times by the Carson Scholars Fund.
By emphasizing academic achievement, community service, and positive societal impact, the organization continues to support students' educational aspirations and create a lasting legacy for future generations. Additionally, through funding "Ben Carson Reading Rooms" in schools, the fund also promotes the joy of independent leisure reading among children.
This information is meant to be a general summary of Carson Scholars Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $474,607
- Program Service Revenue: $199,115
- Gross Receipts: $2,321,417
Assets and Liabilities:
- Total Assets: $16,271,930
- Total Liabilities: $3,490,116
- Net Assets: $12,781,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AWARDS EVENT
Revenue
$199,115
Organization Details
Founding Year
1994
Phone
(410) 828-1005Principal Officer
Nancy Grasmick
Main Address
305 WEST CHESAPEAKE AVENUE 310, TOWSON, MD, 21204
Website
www.carsonscholars.orgNTEE Category
Code: B82Z - Education
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