2025-03-27T08:27:20-05:00 2024-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2023-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 TIERRA DORSEY PRESIDENT 4104155558 2025-03-26 1 0 SCOTT D RODGVILLE CPA P00365285 4103565900 2023 2025-03-06 01:10:19Z CENTRAL SCHOLARSHIP TIERRA DORSEY 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 1672662 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD TO HELP MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATIONBY MAKING HIGHER EDUCATION MORE AFFORDABLE. 18 17 9 46 0 0 2047120 1231779 0 10000 225528 363936 4128 8237 2276776 1613952 673676 743758 0 0 596430 591497 0 0 268755 625928 609471 1896034 1944726 380742 -330774 12870890 13118784 376467 301331 12494423 12817453 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. 1 0 1205711 743758 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, 2024, CS PROCESSED NEARLY 3,835 APPLICATIONS AND AWARDED 185 SCHOLARSHIPS TO STUDENTS.CS PROVIDES GRANTS FOR DEGREE AND CAREER TRAINING CERTIFICATE PROGRAMS, AND CS PROVIDES THE OPPORTUNITY FOR STUDENTS RECEIVING 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, 2024, CS MADE EMERGENCY GRANTS TO 8 STUDENTS TOTALING $9,196. 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, 2024, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 26 STUDENTS. 169608 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 IN ASSISTANCE FOR POST-SECONDARY EDUCATION. NEW LOANS OF $104,625 WERE AWARDED TO 40 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2024. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $1,465,000 FOR MORE THAN 375 STUDENTS 105219 CS'S STUDENT AWARDS CEREMONY RECOGNIZES SCHOLARSHIP RECIPIENTS FOR THE CURRENT YEAR. PAST RECIPIENTS WHO HAVE GRADUATED ARE INVITED TO APPLY FOR THE LOAN PAYDOWN AWARD, WHICH PROVIDES ONE RANDOMLY DRAWN STUDENT UP TO $30,000 FOR UNDERGRADUATE STUDENT DEBT RELIEF (NOT INCLUDING LOANS FROM CS). 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 STUDENTS AND PARENTS MAKE INFORMED ECONOMIC 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. MARYLAND WAS THE FIRST STATE TO BAN SCHOLARSHIP DISPLACEMENT FOR ALL MARYLAND SYSTEM COLLEGES IN 2017. CS ALSO HAS SIGNED AGREEMENTS WITH 13 PRIVATE COLLEGES IN MARYLAND THAT AGREED NOT TO DISPLACE PRIVATE SCHOLARSHIPS ISSUED BY CENTRAL SCHOLARSHIP. 10000 SCHOLARSHIP ADMINISTRATION-IN ORDER TO COVER OPERATING SERVICES, CENTRAL SCHOLARSHIP CHARGES A SMALL PERCENTAGE TO COVER THE MANAGEMENT OF 80 SCHOLARSHIPS IN OUR PORTFOLIO. 10000 1480538 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 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 1 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 PAST BOARD CHAIR 1.00 X 0 0 0 RUSS CAUSEY PAST BOARD CHAIR 1.00 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 MOLLY SHOCK VICE CHAIR 2.00 X X 0 0 0 MICHAEL WARD PAST BOARD CHAIR 1.00 X 0 0 0 JEAN WYMAN SECRETARY UNTIL SEP 2023 2.00 X X 0 0 0 LIZ BLOCK DIRECTOR 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 DAVID FISHMAN DIRECTOR 1.00 X 0 0 0 ARNOLD FRUMAN DIRECTOR UNTIL SEP 2023 1.00 X 0 0 0 TIERRA A DORSEY PRESIDENT 40.00 X X 154333 0 10767 DAVID DANEMAN VICE CHAIR 1.00 X X 0 0 0 LEAH DAVIDGE DIRECTOR 1.00 X 0 0 0 DAVID LEVY DIRECTOR 1.00 X 0 0 0 KASHAY WEBB SECRETARY AS OF OCT 2023 1.00 X X 0 0 0 JAMES COLE ABRAMS DIRECTOR 1.00 X 0 0 0 BARBARA SUGARMAN GROCHAL DIRECTOR 1.00 X 0 0 0 MYRA NORTON DIRECTOR 1.00 X 0 0 0 154333 0 10767 1 0 1 0 0 1231779 1231779 SCHOLARSHIP ADMIN FEE 900099 10000 10000 10000 291757 291757 130889 58710 72179 72179 72179 INCOME TAX REFUND 900099 8237 8237 8237 1613952 18237 0 363936 743758 743758 170350 129466 17035 23849 331310 87276 73283 170751 10251 1048 2670 6533 42458 17737 7792 16929 37128 15774 6750 14604 158706 115855 39677 3174 16519 16519 40256 16734 3024 20498 75759 75759 66236 48178 12116 5942 28298 21038 4244 3016 79321 62265 15102 1954 2824 1694 424 706 73615 70789 2257 569 1358 1127 204 27 10141 6896 3042 203 BAD DEBTS 48625 48625 MEMBERSHIP AND PUBLICAT 7813 7813 1944726 1480538 195433 268755 1002618 839574 672329 672329 442279 206000 1608506 1439889 61337 19837 53839 51722 3475 2117 8750989 9649988 329357 289050 12870890 13118784 54028 37806 2500 0 319939 263525 376467 301331 X 4243091 4727611 8251332 8089842 12494423 12817453 12870890 13118784 -330774 653804 0 X X 0 1 X 1 0 X 1231107 1326912 1233080 2047120 1231779 7069998 1231107 1326912 1233080 2047120 1231779 7069998 1521629 5548369 200743 114001 121708 206147 291757 934356 11045 18611 266838 296494 4128 8237 12365 8313213 10000 0.66740 0.68610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 8251332 99004 609103 7741233 6724483 1519149 7700 8251332 7943758 -1219275 6724483 6159635 1784123 7943758 6666589 -506954 6159635 1.00000 0 0 53839 51722 2117 2117 902377 C SECURITIES AND OTHER INVESTMENTS 8747611 F 9649988 ROU LIABILITY 263525 263525 X 2257637 653804 6400 660204 1597433 16519 16519 1613952 1934607 6400 6400 1928207 16519 16519 1944726 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 40 104625 GRANTS 219 743758 X X 0 0 0 0 0 0 0 0 0 TIERRA A DORSEY PRESIDENT 154333 0 0 0 0 0 9867 0 900 0 165100 0 0 0 FORM 990, PART III, LINE 2 THE ORGANIZATION STARTED A NEW PROGRAM SERVICE, SCHOLARSHIP ADMINISTRATION SERVICE DURING FISCAL YEAR OF 2024. FORM 990, PART VI, SECTION A, LINE 2 BARBARA GROCHAL AND SUSAN SILBERMAN ARE SISTERS IN LAW. 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 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 89704 336132 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 70881 DIVIDENDS RECEIVED