2024-05-14T09:04:11-05:00 2023-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 TIERRA DORSEY PRESIDENT 4104155558 2024-05-13 1 TIERRA DORSEY 999009999 0 SCOTT D RODGVILLE CPA P00365285 4103565900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CENTRAL SCHOLARSHIP TIERRA DORSEY 6 PARK CENTER COURT OWINGS MILLS MD 21117 2318968 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD TO HELP MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATIONBY MAKING HIGHER EDUCATION MORE AFFORDABLE. 20 19 7 20 0 0 1233080 2047120 0 0 189329 225528 389431 4128 1811840 2276776 731136 673676 0 0 525854 596430 0 0 175797 515688 625928 1772678 1896034 39162 380742 11833358 12870890 117740 376467 11715618 12494423 X THE CENTRAL SCHOLARSHIP BUREAU, INC. (ORGANIZATION) IS A MARYLAND NON-STOCK NOT-FOR-PROFIT ORGANIZATION THAT HELPS MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATION BY MAKING HIGHER EDUCATION MORE AFFORDABLE. (CONTINUED IN SCHEDULE O)THE ORGANIZATION AWARDS NEED-BASED SCHOLARSHIPS AND INTEREST-FREE LOANS TO HIGH-PERFORMING STUDENTS THROUGHOUT MARYLAND, OFFERS COLLEGE CASH FINANCIAL EDUCATION SEMINARS TO STUDENTS AND PARENTS TO HELP THEM BECOME MORE INFORMED HIGHER EDUCATION CONSUMERS AND ADVOCATES FOR LEGISLATION THAT MAKES HIGHER EDUCATION MORE AFFORDABLE FOR ALL MARYLANDERS. 0 0 1212323 652322 CENTRAL SCHOLARSHIP (CS) PROVIDES NEED-BASED SCHOLARSHIPS FOR HIGH-PERFORMING STUDENTS PURSUING UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES. FOR MOST PROGRAMS, STUDENTS ARE ELIGIBLE FOR UP TO $11,000 PER YEAR IN ASSISTANCE FOR POST-SECONDARY EDUCATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, CS PROCESSED NEARLY 3,457 APPLICATIONS AND AWARDED 192 SCHOLARSHIPS TO STUDENTS.(EMERGENCY GRANTS) CS PROVIDES STUDENTS ALREADY RECEIVING EDUCATION FUNDING FOR DEGREE PROGRAMS WITH EMERGENCY GRANTS FOR NON-EDUCATION EXPENSES. EXAMPLES OF SUCH EXPENSES INCLUDE MEDICAL BILLS, TRANSPORTATION EMERGENCIES, OR REPLACEMENT OF ESSENTIAL BELONGINGS AFTER THEFT OR FIRE. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2023, CS MADE EMERGENCY GRANTS TO 11 STUDENTS TOTALING $11,620. 261116 INTEREST-FREE LOANS ARE AWARDED TO STUDENTS PURSUING UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOL DEGREES WHO QUALIFY BASED ON FINANCIAL NEED AND ACADEMIC PERFORMANCE. STUDENTS ARE ELIGIBLE FOR UP TO $10,000 PER YEAR IN ASSISTANCE FOR POST-SECONDARY EDUCATION. NEW LOANS OF $140,500 WERE AWARDED TO 75 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2023. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $1,800,000 FOR MORE THAN 400 STUDENTS. 39686 21354 CAREER-TRAINING SCHOLARSHIPS ARE AVAILABLE FOR FIELDS WHERE THERE IS A VERIFIED WORKFORCE DEMAND, AN OPPORTUNITY TO EARN A LIVING WAGE, RECOGNIZED CREDENTIALS UPON PROGRAM COMPLETION AND A PATH FOR CAREER ADVANCEMENT. STUDENTS ARE QUALIFIED BASED ON FINANCIAL NEED, WITH PREFERENCE GIVEN TO BALTIMORE CITY RESIDENTS. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2023, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 40 STUDENTS. COLLEGE CASH IS A FINANCIAL EDUCATION SERIES OFFERED AS A FREE PUBLIC SERVICE THAT HELPS STUDENTS AND PARENTS NAVIGATE THE COMPLEX FINANCIAL OPTIONS AVAILABLE TO COLLEGE-BOUND STUDENTS. THE GOAL IS TO ENSURE THAT STUDENTS AND PARENTS ARE MAKING INFORMED FINANCIAL CHOICES WHEN SELECTING A COLLEGE. THE ADVOCACY PROGRAM CONTINUES TO FOCUS ON SCHOLARSHIP AWARD DISPLACEMENT, WHICH HAPPENS WHEN COLLEGES REDUCE THEIR INSTITUTIONAL SCHOLARSHIP AFTER A STUDENT RECEIVES A PRIVATE SCHOLARSHIP. CS HAS SIGNED AGREEMENTS WITH 13 PRIVATE COLLEGES IN MARYLAND WHO AGREED NOT TO DISPLACE PRIVATE SCHOLARSHIPS ISSUED BY CENTRAL SCHOLARSHIP. 1513125 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X TIERRA DORSEY 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JERRY FOCAS DIRECTOR 1.00 X 0 0 0 RUSS CAUSEY IMMEDIATE PAST BOARD CHAIR 2.00 X X 0 0 0 DAVID ROTHSCHILD BOARD CHAIR 2.00 X X 0 0 0 TIM REDMOND TREASURER 2.00 X X 0 0 0 IRA WAGNER PAST BOARD CHAIR 2.00 X 0 0 0 MOLLY SHOCK VICE CHAIR 2.00 X 0 0 0 MICHAEL WARD PAST BOARD CHAIR 2.00 X 0 0 0 JEAN WYMAN SECRETARY 2.00 X X 0 0 0 LIZ BLOCK DIRECTOR 1.00 X 0 0 0 LELAND SHELTON DIRECTOR UNTIL SEP 22, 2022 1.00 X 0 0 0 SUSAN SILBERMAN DIRECTOR 1.00 X 0 0 0 MICHAEL DAVENPORT DIRECTOR 1.00 X 0 0 0 BRUCE ROSENBERG DIRECTOR 1.00 X 0 0 0 KEVIN FUDGE DIRECTOR 1.00 X 0 0 0 DAVID FISHMAN DIRECTOR 1.00 X 0 0 0 ARNOLD FRUMAN DIRECTOR 1.00 X 0 0 0 BARBARA KORNBLATT DIRECTOR UNTIL SEP 22, 2022 1.00 X 0 0 0 TIERRA A DORSEY PRESIDENT 40.00 X X 142715 0 7900 DAVID DANEMAN DIRECTOR 1.00 X 0 0 0 LEAH DAVIDGE DIRECTOR 1.00 X 0 0 0 DAVID LEVY DIRECTOR 1.00 X 0 0 0 KASHAY WEBB DIRECTOR 1.00 X 0 0 0 RAY MCCREE DIRECTOR UNTIL SEP 22, 2022 1.00 X 0 0 0 PAULA DOFAT SCHOLARSHIP STRATEGIS UNTIL MAY 16,2023. 40.00 X 107237 0 5334 249952 0 13234 2 0 1 0 0 2047120 2047120 206147 206147 61573 42192 19381 19381 19381 MISCELLANEOUS INCOME 900099 4128 4128 4128 2276776 4128 0 225528 673676 673676 175982 140786 19358 15838 324687 120738 81358 122591 17252 6960 4144 6148 40556 20750 8301 11505 37953 19656 7690 10607 141997 103658 35499 2840 15730 15730 65275 65275 20201 20201 44432 33425 8355 2652 51363 44123 6388 852 86862 68121 16654 2087 3912 3247 587 78 9031 4900 3679 452 1359 1127 205 27 5961 4053 1788 120 OTHER PROGRAM SERVICES 91488 91488 BAD DEBTS 75211 75211 MEMBERSHIP AND PUBLICAT 13106 13106 1896034 1513125 207112 175797 876321 1002618 648364 672329 64400 442279 1814194 1608506 44450 61337 53839 50364 4834 3475 8336177 8750989 44618 329357 11833358 12870890 108088 54028 2000 2500 7652 319939 117740 376467 X 4262106 4243091 7453512 8251332 11715618 12494423 11833358 12870890 380742 398063 0 X X 0 1 X 1 0 X 1572297 1231107 1326912 1233080 2047120 7410516 1572297 1231107 1326912 1233080 2047120 7410516 1533518 5876998 197440 200743 114001 121708 206147 840039 14600 11045 18611 266838 311094 4128 4128 8565777 18152 0.68610 0.66440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6724483 1519149 7700 8251332 7943758 -1219275 6724483 6159635 1784123 7943758 6666589 -506954 6159635 6526258 140331 6666589 0.93000 0.07000 0 0 53839 50364 3475 3475 897166 C SECURITIES AND OTHER INVESTMENTS 7853823 F 8750989 ROU LIABILITY 319939 319939 X 2659109 398063 398063 2261046 15730 15730 2276776 1880304 0 1880304 15730 15730 1896034 PART X, LINE 2: FASB ASC 740, ACCOUNTING FOR INCOME TAXES, REQUIRES THE ORGANIZATION TO RECOGNIZE OR DISCLOSE ANY TAX POSITIONS THAT WOULD RESULT IN UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS NO POSITIONS THAT WOULD REQUIRE DISCLOSURE OR RECOGNITION UNDER THE TOPIC. 1 LOAN 37 140500 BOOK GRANTS 306 673676 BOOK X X 0 0 0 0 0 0 0 0 0 TIERRA A DORSEY PRESIDENT 142715 0 0 0 0 0 7000 0 900 0 150615 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS ELECTRONICALLY DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY A REVIEW AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON DATA OBTAINED ON GUIDESTAR, REVIEWED BY EXECUTIVE COMMITTEE AND APPROVED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS MADE AVAILABLE ON GUIDESTAR, THE ORGANIZATION'S OWN WEBSITE AND UPON REQUEST. FORM 990-T AND FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON ITS OWN WEBSITE AND FURTHER MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS AND APPROVES THE ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990 INFORMATIONAL RETURNS, AS WELL AS OVERSEES SELECTION OF THE ORGANIZATION'S EXTERNAL AUDITORS. LAYDON PARK INC 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 520787708 RENTAL REAL ESTATE MD THE CENTRAL SCHOLARSHIP BUREAU INC C 58597 190960 0.70000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 LAYDON PARK INC F 56705 DIVIDENDS RECEIVED