Nonprofit · EIN 52-1851346
CARSON SCHOLARS FUND INC
Tax-exempt · TOWSON, MD 21204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,589,691 | $2,559,581 | $30,110 | $17,340,238 | $3,936,457 | $13,403,781 |
| June 30, 2024 | 990 | $1,980,697 | $2,314,682 | -$333,985 | $16,376,052 | $3,411,247 | $12,964,805 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,435,575
- Program service revenue
- $134,023
- Investment income
- $830,234
- Net gain from sales of assets
- $419,273
- Net income from fundraising events
- $52,878
- Net income from sales of inventory
- $9,896
- Other revenue
- $189,859
Expenses
- Grants and similar amounts paid
- $736,400
- Compensation of officers, directors and key employees
- $342,787
- Other salaries and wages
- $386,785
- Salaries, compensation and benefits (total)
- $858,957
- Professional fundraising fees
- $0
- Legal fees
- $309
- Accounting fees
- $48,832
- Occupancy
- $64,601
- Travel
- $22,514
- Program services (functional)
- $2,320,209
- Management and general (functional)
- $142,087
- Fundraising (functional)
- $97,285
Balance sheet and other
- Total assets, start of year
- $16,376,052
- Total assets, end of year
- $17,340,238
- Total liabilities, end of year
- $3,936,457
- Net assets, end of year
- $13,403,781
- Publicly traded securities
- $11,331,280
- Net assets without donor restrictions
- $4,917,256
- Net assets with donor restrictions
- $8,486,525
- Gross receipts
- $3,670,237
- Employees
- 17
- Volunteers
- 551
- Year formed
- 1994
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATIE COLEMAN | EXECUTIVE DIRECTOR Officer | 35 | $153,125 | $4,594 |
| AMY WARNER | EXECUTIVE DIRECTOR EMERITA Officer | 35 | $70,313 | $16,277 |
| DR BEN CARSON | CO-FOUNDER/BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| CANDY CARSON | CO-FOUNDER/EXECUTIVE SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LEE WARNER | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| NANCY GRASMICK | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WES GUCKERT | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GRAYLIN SMITH | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BENJAMIN CARSON JR | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN VINGSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY TATA | BOARD MEMBER (UNTILL 7/2025) Trustee or director | 1 | $0 | $0 |
| TONY ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVES MOMBELEUR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RYAN MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID KASPARY JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ZACH DUDAN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRAN DONAHUE | BOARD MEMBER Trustee or director | 1 | $0 |
| CODY CROWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| GREGG COOPER | BOARD MEMBER Trustee or director | 1 | $0 |
| MURRAY CARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| CORDELL CARTER II | CHIEF EXECUTIVE OFFICER (FROM 01/2025) Officer | 35 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY WARNER | EXECUTIVE DIRECTOR EMERITA Officer | 35 | $150,000 | $17,967 |
| KATIE COLEMAN | EXECUTIVE DIRECTOR (FROM 8/2023) Officer | 35 | $62,500 | $0 |
| DR BEN CARSON | CO-FOUNDER/BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| CANDY CARSON | CO-FOUNDER/EXECUTIVE SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LEE WARNER | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| NANCY GRASMICK | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| WES GUCKERT | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GRAYLIN SMITH | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BENJAMIN CARSON JR | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DAVID BOWER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MURRAY CARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREGG COOPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORDELL CARTER II | BOARD MEMBER (FROM 2/2024) Trustee or director | 1 | $0 | $0 |
| CODY CROWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRAN DONAHUE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZACH DUDAN | BOARD MEMBER (FROM 11/2023) Trustee or director | 1 | $0 | $0 |
| ELAINE CLANCY | BOARD MEMBER (UNTIL 2/2024) Trustee or director | 1 | $0 | $0 |
| DAVID KASPARY JR | BOARD MEMBER (FROM 2/2024) Trustee or director | 1 | $0 | $0 |
| RYAN MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVES MOMBELEUR | BOARD MEMBER (FROM 2/2024) Trustee or director | 1 | $0 | $0 |
| TONY ROSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY TATA | BOARD MEMBER (FROM 11/2023) Trustee or director | 1 | $0 | $0 |
| JOHN VINGSEN | BOARD MEMBER (FROM 2/2024) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 WASHINGTON AVE, TOWSON, MD 21204-4743
- Principal officer (990 for 2024)
- NANCY GRASMICK, 215 WASHINGTON AVENUE SUITE 250, TOWSON, MD 21204
- Signed the 990
- GRAYLIN E SMITH, TREASURER
- Phone
- (410) 828-1005
- Website
- WWW.CARSONSCHOLARS.ORG
- Return prepared by
- ELLIN & TUCKER CHARTERED
Mission
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.
Program accomplishments
- SCHOLARSHIPS: THE CARSON SCHOLARS FUND HAS AWARDED 12,198 SCHOLARSHIP IN ALL FIFTY STATES AND WASHINGTON, DC. OVER 930 COLLEGES AND UNIVERSITIES HAVE (OR HAVE HAD) CARSON SCHOLARS. THE CARSON SCHOLARS FUND HAS AN ALUMNI NETWORK OF OVER 9,600 (SCHOLARS OLD ENOUGH TO HAVE GRADUATED FROM HIGH SCHOOL). OVER 8,000 SCHOLARS HAVE USED AT LEAST PART OF THEIR SCHOLARSHIP AND MORE THAN $10 MILLION HAS BEEN PAID OUT ON BEHALF OF OUR SCHOLARSHIPS. IN 2025, A TOTAL OF 1,510 SCHOLARS (579 NEW, 931 RECOGNIZED) WERE HONORED AT SIX REGIONAL AWARDS BANQUETS. CURRENTLY, THERE ARE MORE THAN 5,630 SCHOLARS WHO HAVE BEEN RECOGNIZED BY THE CARSON SCHOLARS FUND MULTIPLE TIMES.Expenses $1,600,944 · grants $736,400 · revenue $143,919
- READING ROOMS: THE BEN CARSON READING PROJECT HAS ESTABLISHED OVER 300 BEN CARSON/THINK BIG READING ROOMS AND SERVES STUDENTS IN 24 STATES AND WASHINGTON, DC. CELEBRATING ITS 25TH ANNIVERSARY IN 2025, THE PROJECT HAS DISPERSED OVER $4 MILLION TO CREATE READING OASES. OVER 150,000 HIGH-INTEREST BOOKS HAVE BEEN MADE AVAILABLE IN READING ROOMS, INSPIRING STUDENTS TO REACH THEIR FULL LITERACY POTENTIAL.Expenses $719,265
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1851346
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $17,340,238
- Income (IRS master file)
- $3,670,237
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,589,691 | $2,559,581 | $17,340,238 | XML |
| 990 | June 2024 | $1,980,697 | $2,314,682 | $16,376,052 | XML |
| 990 | June 2023 | $1,830,742 | $1,804,403 | $16,271,930 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1851346).
Questions about CARSON SCHOLARS FUND INC
- What is the EIN of CARSON SCHOLARS FUND INC?
- The employer identification number (EIN) of CARSON SCHOLARS FUND INC is 52-1851346.
- Is CARSON SCHOLARS FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to CARSON SCHOLARS FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARSON SCHOLARS FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARSON SCHOLARS FUND INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARSON SCHOLARS FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CARSON SCHOLARS FUND INC?
- The 990 for the year ended June 30, 2025 names NANCY GRASMICK.
- Who are the officers and directors of CARSON SCHOLARS FUND INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 2 received compensation from the organization, the highest $153,125 (KATIE COLEMAN, EXECUTIVE DIRECTOR).
- How much revenue does CARSON SCHOLARS FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,589,691, expenses of $2,559,581 and total assets of $17,340,238 at year end.
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