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MARCY HOUSES MEMORIAL SCHOLARSHIP FUND INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MARCY HOUSES MEMORIAL SCHOLARSHIP FUND INC (EIN 84-2758847)
Tax period
2021-08-01 to 2021-12-31
Filed
2022-11-14
IRS object ID
202223189349208247
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-14T17:29:35-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2021-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN842758847EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARCY HOUSES MEMORIAL SCHOLARSHIP FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMARCBusinessNameControlTxt
Phone8628006477PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1571 Decatur StreetAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11233ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonValerie JohnsonPersonNm
Person TitleBoard ChairPersonTitleTxt
Phone9175200974PhoneNum
Signature2022-11-14SignatureDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Last Submission Rqr OOB0LastSubmissionRqrOOBCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addresswww.marcyscholarship.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$27,535GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$27,535ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$0InvestmentIncomeAmt
Sale Of Assets Gross$0SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$0OtherRevenueTotalAmt
Total Revenue$27,535TotalRevenueAmt
Grants And Similar Amounts Paid$0GrantsAndSimilarAmountsPaidAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$0SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$4,055FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$0OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$302PrintingPublicationsPostageAmt
Other Expenses Total$6,696OtherExpensesTotalAmt
Total Expenses$11,053TotalExpensesAmt
Excess Or Deficit For Year$16,482ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$10,712NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$27,194NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$10,712BOYAmt
EOY$27,194EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,712BOYAmt
EOY$27,194EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$10,712BOYAmt
EOY$27,194EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeThe 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.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
The number of program participants doubled from two in the first year scholarships were awarded by the Marcy Houses Memorial Scholarship Fund to four students in the 2021-22 year. $1,500 in scholarships were awarded during the short period from 8/1 to 12/31/2021. (The number has since more than doubled to 9 students currently.) We were 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.$0$1,500
The short period represented by this form 990EZ was the start of the second year of the scholarship and mentoring program and for the first time, we were able to provide students with laptops and relevant software (i.e. Microsoft 365, Adobe, etc.).$0$3,205
In addition to the support offered to students through scholarships and laptops, the Marcy Houses Memorial Scholarship Fund Program provides Other Student Supports including mentoring, career counseling, and a Summer Bridge program. Expenses for these program components totaled $2,625 which is included on Form 990-EZ line 13, Professional Fees/Independent Contractors. Each of the four students was assigned a mentor with whom they met approximately monthly in-person or virtually for an aggregate total of 48 meetings. Students in the program were also able to attend one-on-one career counseling sessions over the course of the 2021-22 school year. "Summer Melt" is 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. The MHMSF Summer Bridge Program is designed to counter the effects of "Summer Melt". 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 a 75 to 90% enrollment rate vs. the 40% rate noted above. Over the course of the Summer of 2021, we maintained contact with students through emails, text messages and social media and two days of Summer Bridge workshops focused 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. An in-person workshop facilitated by a psychologist experienced in working with students in transition addressed social-emotional issues including self-esteem, racial mindfulness, imposter syndrome and stress management. A dinner including family members of the students was also a part of the Summer Bridge program. Students also participated in a panel discussion with other students not in the Scholarship Program. This provided them the opportunity to learn from and exchange ideas with their near peers.$0$2,625
FieldValueIRS element (for citing)
Total Program Service Expenses$7,330TotalProgramServiceExpensesAmt
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Valerie Johnson
Board Chair25$0$0$0
Matthew Williams
Treasurer10$0$0$0
Adele Johnson-Davis
Secretary5$0$0$0
Shawn Lewis
Director5$0$0$0
Antoinette Wirth
Director5$0$0$0
Denzel Green
Director5.00$0$0$0
Monica Cash
Director-resigned0$0$0$0
Genevieve Johnson
Director-resigned0$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol Filed0Form1120PolFiledInd
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonValerie JohnsonPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1571 Decatur StreetAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11233ZIPCd
FieldValueIRS element (for citing)
Phone8628006477PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,239CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,205CurrentTaxYearMinus1YearAmt
Current Tax Year$2,535CurrentTaxYearAmt
Total$17,979TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,239CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,205CurrentTaxYearMinus1YearAmt
Current Tax Year$2,535CurrentTaxYearAmt
Total$17,979TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$12,100SubstantialContributorsTotAmt
Public Support Total170$5,879PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$17,979TotalSupportAmt
Gross Receipts Rltd Activities$0GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 1Revenues 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.
Form 990-EZ, Part I, Line 16Description;Amount^Scholarships;1500|Student Laptops and Software;3205|Marketing;676|Website upgrades and Maintenance 236;236|Finance Laptop and Accounting Software;976|Transaction Fees;38|Supplies;65^Total;6696^
Form 990-EZ, Part IVThe 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.

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationOn August 9,2021, the Marcy Houses Memorial Scholarship Fund, Inc. ("MHMSF") filed a 990-N for its fiscal year ended July 31, 2021. It subsequently decided that a fiscal year that coincided with the calendar year would be more efficient for the organization. MHMSF contacted the IRS several times for clarity as to how to make the change. In a letter dated September 3, 2022, the IRS responded to a request MHMSF made on December 17, 2021 for information. In its letter the IRS provided info on how to make the change but did not state that the change was in fact made. Earlier today, we attempted to file a 990EZ for the 7-31-2022 fiscal year and the return was rejected because of a discrepancy in the Year-end date. That is how we learned the change had been made.ExplanationTxt

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