2024-05-09T09:43:10-05:00 2023-06-30 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2022-07-01 311480933 CHILDREN'S SCHOLARSHIP FUND BALTIMORE CHIL 4102432510 PO BOX 5282 BALTIMORE MD 21224 ERICA JENSEN EXECUTIVE DIRECTOR 4102432510 2024-04-25 1 ERICA JENSEN 999009999 0 SUSAN KELLER P00245169 4107275735 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERICA JENSEN PO BOX 5282 BALTIMORE MD 21224 719593 0 X WWW.CSFBALTIMORE.ORG X 1996 MD TO PROVIDE SCHOLARSHIPS TO LOW INCOME STUDENTS IN GRADES K-8 TO ATTEND THE SCHOOL THEIR PARENTS CHOOSE. 17 17 3 0 0 0 734825 695151 0 0 12882 24442 1000 0 748707 719593 487126 517224 0 0 179286 183731 0 0 109883 72968 73865 739380 774820 9327 -55227 1224437 1134188 22990 5434 1201447 1128754 X CSFB AWARDS KINDERGARTEN TO 8TH GRADE SCHOLARSHIPS TO LOW INCOME BALTIMORE CITY FAMILIES WITHOUT REGARD TO GENDER, RACE, GRADES OR TEST SCORES, ETHNICITY OR RELIGIOUS BELIEF. 0 0 611300 517224 CSFB KNOWS THAT PARENTS WANT TO CHOOSE A SCHOOL FOR THEIR CHILDREN THAT WILL MEET THEIR NEEDS - SOCIALLY, ACADEMICALLY, EMOTIONALLY AND STRUCTURALLY. OUR MISSION IS TO PROVIDE THE CHOICE TO EVERY FAMILY - REGARDLESS OF INCOME LEVEL. CONCURRENT WITH PUBLIC EDUCATION REFORMS IN BALTIMORE, PRIVATELY-FUNDED SCHOOL CHOICE REMAINS AN OPTION THAT HUNDREDS OF FAMILIES WANT FOR THEIR CHILDREN - THERE ARE CONSISTENTLY MORE THAN 900 STUDENTS FROM 400 FAMILIES ON OUR WAITING LIST. CSFB IS THE ONLY NON-PROFIT ORGANIZATION IN BALTIMORE CITY THAT AWARDS KINDERGARTEN-8TH GRADE SCHOLARSHIPS TO LOW-INCOME FAMILIES WITHOUT REGARD TO GENDER, RACE, GRADES OR TEST SCORES, ETHINICITY OR RELIGIOIUS BELIEF. THE ONLY REQUIREMENTS ARE THAT OUR FAMILIES:1. MEET CSFB INCOME ELIGIBILITY - AT OR BELOW 270% OF THE FEDERAL POVERTY LEVEL;2. CONTRIBUTE A MINIMUM OF $500 PER YEAR PER CHILD IN TUITION;3. RESIDE IN BALTIMORE CITY;4. ENSURE THAT THEIR CHILDREN MAINTIAN A 90% ATTENDANCE RATE AT SCHOOL.WE BELIEVE THAT A STUDENT'S ECONOMIC STATUS SHOULD BE NEITHER A BARRIER TO THE SCHOOL OF HIS OR HER CHOICE, NOR A VARIABLE IN HIS OR HER SUCCESS IN SCHOOL AND IN LIFE. THESE SCHOLARSHIPS ENABLE CHILDREN TO BUILD CRITICAL ACADEMIC AND SOCIAL SKILLS - ENSURING LONG-TERM SUCCESS. 611300 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MD X X ERICA JENSEN 4102432510 PO BOX 5282 BALTIMORE MD 21224 ANGELO OTTERBEIN SECRETARY 1.00 X X 0 0 0 ANNE MICKLE TRUSTEE 0.25 X 0 0 0 CARL SCHWARTZ TRUSTEE 0.25 X 0 0 0 CARVILLE COLLINS TRUSTEE 0.25 X 0 0 0 DANIEL P VERBIC TRUSTEE 0.25 X 0 0 0 ELIZABETH DELLA MASSING TRUSTEE 0.25 X 0 0 0 ELIZABETH GREEN CHAIR 1.00 X X 0 0 0 GABRIELA CALDERON TRUSTEE 0.25 X 0 0 0 KARA BOWMAN TRUSTEE 0.25 X 0 0 0 MARK TERRANOVA TRUSTEE 0.25 X 0 0 0 MEG LAWRENCE TRUSTEE 0.25 X 0 0 0 RENEE C GUCKERT TRUSTEE 0.25 X 0 0 0 RICK CORCORAN JR TREASURER 1.00 X X 0 0 0 SOPHIA MARQUEZ ALUMNI DEVELOPMENT CHAIR 1.00 X X 0 0 0 STACY LANDSMAN TRUSTEE 0.25 X 0 0 0 TRACY A BACIGALUPO TRUSTEE 0.25 X 0 0 0 VALERIE GRAYS TRUSTEE 0.25 X 0 0 0 ERICA JENSEN STARTED JULY 2022 EXECUTIVE DIRECTOR 40.00 X 47445 0 0 47445 0 0 0 0 0 0 0 695151 695151 24442 24442 719593 0 0 24442 517224 517224 102017 15303 86714 60109 52856 4607 2646 8355 2724 1026 4605 13250 4320 1627 7303 21825 21825 179 179 27119 21695 998 4426 13739 6828 3841 3070 1633 612 1021 1333 283 983 67 1957 1957 PROFESSIONAL DEVELOPMEN 3973 3894 50 29 MISCELLANEOUS EXPENSES 2107 1476 629 2 774820 611300 53637 109883 1166638 1066753 20517 29825 4000 3222 2111 778 34050 35749 1121 1083 1224437 1134188 22990 5434 22990 5434 X 1174922 1102229 26525 26525 1201447 1128754 1224437 1134188 -55227 -17466 0 X X 0 1 X 1 0 X 750338 751793 947031 734825 695151 3879138 750338 751793 947031 734825 695151 3879138 1087684 2791454 704 704 4625 12882 24442 43357 3922495 0.71170 0.72940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34050 1878 179 35749 39800 -5553 197 34050 31158 8827 185 39800 29768 1546 156 31158 28183 1729 144 29768 0.25802 0.74198 0.00000 1 0 4000 3222 778 778 X 701948 -17466 -17466 719414 179 179 719593 774641 0 774641 179 179 774820 PART V, LINE 4: THIS ENDOWMENT FUND HAS AN AVAILABLE DISBURSEMENT ANNUALLY AVAILABLE FOR REINVESTMENT OR SCHOLARSHIP. THE BOARD VOTES EACH YEAR ON THIS DECISION. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE ORGANIZATIN'S EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. 1 TUITION SCHOLARSHIPS 284 517224 SCHOLARSHIP PAYMEMT IS MADE DIRECTLY TO THE VARIOUS EDUCATIONAL ORGANIZATIONS ON BEHALF OF EACH STUDENT PART I, LINE 2: ONCE A STUDENT IS ADMITTED TO A SCHOOL, CSFB MAKES SCHOLARSHIP PAYMENTS DIRECTLY TO THE SCHOOL ON BEHALF OF THE STUDENT. CSFB ALSO RECEIVES REPORTS THROUGHOUT THE YEAR FROM SCHOOL ADMINISTRATORS THAT CONFIRM THE 90% ATTENDANCE REQUIREMENT AND, AT YEAR-END, THE GRADES OF EACH OF OUR SCHOLARS. FORM 990, PART VI, SECTION B, LINE 11B CSFB HAS PROVIDED A COPY OF THIS FORM AND OUR AUDIT TO ALL MEMBERS PRIOR TO FILING. THE FORM HAS BEEN REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR REVIEWS OUR CONFLICT OF INTEREST POLICY WITH NEW TRUSTEES IN PERSON. OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS AND ASKED TO DISCLOSE AT QUARTERLY MEETINGS PRIOR TO VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND PROGRAM ADMINISTRATOR ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND APPROVED BY THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND DISCLOSURE EXPLANATION ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM PRIOR YEAR.