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CARSON SCHOLARS FUND INC

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Public IRS 990 nonprofit record

CARSON SCHOLARS FUND INC

EIN 52-1851346 · Education (B82Z)

What they do

THE MISSION of CARSON SCHOLARS FUND is to RECOGNIZE and REWARD STUDENTS IN GRADES FOUR THROUGH ELEVEN WHO HAVE EARNED THE HIGHEST LEVEL of ACADEMIC ACHIEVEMENT and COMMUNITY SERVICE BY PROVIDING THEM WITH COLLEGE SCHOLARSHIPS. EMPHASIS is (CONTINUED ON SCHEDULE O) PLACED ON STUDENTS PERFORMANCE and DESIRE to MAINTAIN A STRONG ACADEMIC RECORD, AS WELL AS HUMANISTIC QUALITIES THAT HAVE A POSITIVE IMPACT ON SOCIETY. CARSON SCHOLARS FUND ALSO 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $90.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.59%of revenue went to mission work90.6% of expenses · Program services
3.76%of revenue went to fundraising3.8% of expenses
$98.84spent for every $100 of revenueRevenue covered expenses this year.
5.49%of revenue went to management and office costs5.6% of expenses
$6.77in assets for every $1 spent this yearSome assets cannot be spent right away.
55.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $157,719 for KATIE COLEMAN (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,589,691
Mission workProgram services$2,320,20989.59% of revenue90.6% of expenses
ManagementOffice and general costs$142,0875.49% of revenue5.6% of expenses
FundraisingAsking for donations$97,2853.76% of revenue3.8% of expenses
Revenue left after expensesReported annual surplus$30,1101.16% of revenueShown in gray on the chart
Total expenses$2,559,58198.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 90.6% mission · 5.6% management · 3.8% fundraisingTotal expenses: 98.84% of revenue
2023Expense mix: 90.0% mission · 6.8% management · 3.2% fundraisingTotal expenses: 116.86% of revenue
2022Expense mix: 89.8% mission · 6.8% management · 3.4% fundraisingTotal expenses: 98.56% of revenue
2021Expense mix: 89.3% mission · 6.3% management · 4.4% fundraisingTotal expenses: 107.17% of revenue
2020Expense mix: 92.3% mission · 5.5% management · 2.2% fundraisingTotal expenses: 111.74% of revenue
2019Expense mix: 90.7% mission · 6.1% management · 3.2% fundraisingTotal expenses: 101.83% of revenue
2018Expense mix: 92.8% mission · 3.6% management · 3.6% fundraisingTotal expenses: 127.97% of revenue
2017Expense mix: 92.1% mission · 4.2% management · 3.7% fundraisingTotal expenses: 34.56% of revenue

Money in and money out

Revenue$2,589,691
Expenses$2,559,581
Annual surplus $30,110 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,320,209 · 90.6% of expenses
Management and office costs$142,087 · 5.6% of expenses
Fundraising$97,285 · 3.8% of expenses
See all reported dollar amounts
Revenue$2,589,691
Expenses$2,559,581
Assets$17,340,238
Income$3,670,237
Contributions$1,435,575
Mission work (program services)$2,320,209
Fundraising$97,285
Management and general$142,087
Stocks and bonds$11,331,280
Accounting fees$48,832
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KATIE COLEMANEXECUTIVE DIRECTOR · 35 hrs/week $157,719Base $153,125 · Other $4,594
AMY WARNEREXECUTIVE DIRECTOR EMERITA · 35 hrs/week $86,590Base $70,313 · Other $16,277

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

KATIE COLEMANEXECUTIVE DIRECTOR

AMY WARNEREXECUTIVE DIRECTOR EMERITA

GREGG COOPERBOARD MEMBER

ZACH DUDANBOARD MEMBER

YVES MOMBELEURBOARD MEMBER

WES GUCKERTVICE PRESIDENT

TONY ROSEBOARD MEMBER

RYAN MILLERBOARD MEMBER

NANCY GRASMICKPRESIDENT

MURRAY CARSONBOARD MEMBER

LEE WARNERCHAIRMAN

JOHN VINGSENBOARD MEMBER

GRAYLIN SMITHTREASURER

FRAN DONAHUEBOARD MEMBER

DR BEN CARSONCO-FOUNDER/BOARD MEMBER

DAVID KASPARY JRBOARD MEMBER

DAVID BOWERBOARD MEMBER

CORDELL CARTER IICHIEF EXECUTIVE OFFICER (FROM 01/2025)

CODY CROWELLBOARD MEMBER

CANDY CARSONCO-FOUNDER/EXECUTIVE SECRETARY

BENJAMIN CARSON JRSECRETARY

ANTHONY TATABOARD MEMBER (UNTILL 7/2025)

About this charity

Recognized since
January 1994
Location
215 WASHINGTON AVE, TOWSON, MD 21204-4743
County
Baltimore
In care of
GRAYLIN E SMITH
Primary officer
GRAYLIN E SMITH, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(410) 828-1005

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
ELLIN & TUCKER CHARTERED
NTEE classification
Education (B82Z)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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