2023-05-04T16:06:22-07:00 2022-12-31 990EZ 2022-01-01 842758847 MARCY HOUSES MEMORIAL SCHOLARSHIP FUND INC MARC 8628006477 571 Decatur Street Brooklyn NY 11233 Valerie Johnson Board Chair 9175200974 2023-05-04 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z X www.marcyscholarship.org X X 15448 X 15448 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15448 6525 0 0 2463 0 1318 8857 19163 -3715 27194 0 23479 27194 23479 0 0 0 0 27194 23479 0 0 27194 23479 The primary purpose of the Marcy Houses Memorial Scholarship Fund is to encourage and motivate post-secondary students who reside in the Marcy Houses, a low-income housing development, by providing scholarships, mentoring and other supports. According to the 2020 Resident Data Book produced by the New York City Housing Authority, 4,100 New Yorkers live in the Marcy Houses where the average income in 2020 was $27,986. All of our scholarship and mentoring students live in this environment and the support offered through the Scholarship Fund is critical. We are dedicated to helping students navigate college or trade school, supporting their success with financial planning, guiding them towards meaningful careers, encouraging them to participate in community service and celebrating their success along the way. SCHOLARSHIPS & SCHOLARSHIP OUTREACH. The Marcy Houses Memorial Scholarship Fund awarded its first two scholarships in 2020. Including renewals, a total of 13 scholarship allotments totaling $6,525 were made during 2022. The organization engaged in substantial outreach to encourage community members to pursue post-secondary education. These outreach efforts included participation in community events, direct mailings to over 500 households in 2022, posting flyers on buildings throughout the Marcy Houses development, and posting a mini billboard at subway stations. The total cost of these outreach efforts was $2,217 in 2022. 6525 8742 OTHER STUDENT SUPPORTS. In 2022 Other Student Expenses Including Technology totaled $5,183 for laptops and materials provided to 10 students. Five laptops were awarded to scholarship students (at no cost to the Marcy Scholarship program) as part of the JobsPlus program. The value of these laptops ($3,000) is included as an "in-kind" item in our financial statements and is also included in line 16 of this 990EZ. 0 5183 SUMMER BRIDGE & CAREER EXPLORATION. The Summer Bridge program is intended to counter "Summer Melt" --an apt descriptor for the fact that nearly 40% of low-income students who are accepted into college or trade school, never actually enroll, and many who do enroll never make it to the next year. Summer Bridge workshops focus on the first pillar of our mentoring program (The School Experience) with an emphasis on readiness for the Fall semester, academic support, increased self-efficacy and the importance of students identifying institutional resources available at the colleges or trade schools they would be attending. In 2022, Marcy Scholarship Summer Bridge was facilitated by a professor of psychology with experience working with students in transition. The session addressed social-emotional issues including self-esteem, racial mindfulness, imposter syndrome and stress management. The ideal is to have 100% of the students in our program in attendance for each new semester and fortified to have a successful school year. We are, in fact, consistently achieving an enrollment rate of over 75% vs. the 40% rate noted earlier. With regard to Career Exploration, during 2022, each student had access to one-on-one career counseling sessions intended to support students in refining career objectives and action steps towards achieving those objectives. Five sessions (valued at $500) were provided to students at no cost to the Marcy Scholarship program and are included in our financial statements as an "In Kind" item but they are not included in this 990EZ filing. 0 2624 16549 X Valerie Johnson Board Chair 25.00 0 0 0 Matthew Williams Treasurer 2 0 0 0 Adele Johnson-Davis Secretary 2 0 0 0 Shawn Lewis Director 2 0 0 0 Antoinette Wirth Director 2 0 0 0 Denzel Green Director 2.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY Valerie Johnson 571 Decatur Street Brooklyn NY 11233 8628006477 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 0 1103 10550 6325 15448 33426 0 0 0 0 0 0 0 0 0 0 0 1103 10550 6325 15448 33426 6000 27426 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33426 0 X Schedule A, Part II, Line 1 Public Support reported on line 1 for 2021 does not include an unusual grant of $25,000 which was awarded as part of the StateFarm Neighborhood Assist Program. The Marcy Houses Memorial Scholarship Fund was one of five New York nonprofits named a top 200 finalist by the StateFarm Neighborhood Assist program in August 2021. After 10 days of voting to name the top 40 nationwide, we were successful and was the only nonprofit in New York City to receive a $25,000 grant through the Charities Aid Foundation America. While we will continue to apply for consideration as a finalist, we can have no expectation of receiving a similar grant based on a voting process in the future. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 10 The organization made scholarship and stipend payments to ten students in 2022. These payments totaled $6,525. Form 990-EZ, Part I, Line 16 Description;Amount^Community Outreach excl printing and postage;1437|Computer software and Website fees;205|Supplies;367|Marketing;249|Merchant and Transaction fees;284|Student supplies;2184|In Kind expense of Computers;3000|Workshop Expenses;875|Fundraising;256^Total;8857^ Form 990-EZ, Part IV The reader will note that the List of Officers, Directors, Trustees, and Key Employees includes Board members only. The Marcy Houses Memorial Scholarship Fund is operated by a working Board of Directors the members of which provide general program management, treasury and marketing functions as well as other administrative functions.