Nonprofit · EIN 52-6012589
THE CENTRAL SCHOLARSHIP BUREAU INC
Tax-exempt · OWINGS MILLS, MD 21117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,016,206 | $1,870,093 | $146,113 | $13,790,979 | $234,083 | $13,556,896 |
| June 30, 2024 | 990 | $1,613,952 | $1,944,726 | -$330,774 | $13,118,784 | $301,331 | $12,817,453 |
| June 30, 2023 | 990 | $2,276,776 | $1,896,034 | $380,742 | $12,870,890 | $376,467 | $12,494,423 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,480,449
- Program service revenue
- $64,913
- Investment income
- $472,140
- Net gain from sales of assets
- $239,923
- Other revenue
- -$1,296
Expenses
- Grants and similar amounts paid
- $642,623
- Compensation of officers, directors and key employees
- $189,625
- Other salaries and wages
- $325,451
- Salaries, compensation and benefits (total)
- $604,682
- Professional fundraising fees
- $0
- Accounting fees
- $136,308
- Occupancy
- $82,295
- Travel
- $94
- Depreciation
- $1,358
- Program services (functional)
- $1,382,784
- Management and general (functional)
- $226,389
- Fundraising (functional)
- $260,920
Balance sheet and other
- Total assets, start of year
- $13,118,784
- Total assets, end of year
- $13,790,979
- Total liabilities, end of year
- $234,083
- Net assets, end of year
- $13,556,896
- Land, buildings and equipment
- $759
- Net assets without donor restrictions
- $4,962,668
- Net assets with donor restrictions
- $8,594,228
- Gross receipts
- $3,076,315
- Employees
- 8
- Volunteers
- 55
- Year formed
- 1924
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIERRA A DORSEY | PRESIDENT Trustee or director, Officer | 40 | $159,383 | $11,975 |
| DAVID ROTHSCHILD | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TIM REDMOND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MOLLY SHOCK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL WARD | PAST BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LIZ BLOCK | DIRECTOR UNTIL SEP 2024 Trustee or director | 1 | $0 | $0 |
| SUSAN SILBERMAN | DIRECTOR UNTIL SEP 2024 Trustee or director | 1 | $0 | $0 |
| MICHAEL DAVENPORT | DIRECTOR UNTIL SEP 2024 Trustee or director | 1 | $0 | $0 |
| BRUCE ROSENBERG | DIRECTOR UNTIL SEP 2024 Trustee or director | 1 | $0 | $0 |
| DAVID FISHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID DANEMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEAH DAVIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KASHAY WEBB | CHIEF GOVERNANCE OFCR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES COLE ABRAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA SUGARMAN GROCHAL | DIRECTOR Trustee or director | 1 | $0 |
| MYRA NORTON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIERRA A DORSEY | PRESIDENT Trustee or director, Officer | 40 | $154,333 | $10,767 |
| JERRY FOCAS | PAST BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| RUSS CAUSEY | PAST BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID ROTHSCHILD | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TIM REDMOND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MOLLY SHOCK | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL WARD | PAST BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| JEAN WYMAN | SECRETARY UNTIL SEP 2023 Trustee or director, Officer | 2 | $0 | $0 |
| LIZ BLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN SILBERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL DAVENPORT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE ROSENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FISHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARNOLD FRUMAN | DIRECTOR UNTIL SEP 2023 Trustee or director | 1 | $0 | $0 |
| DAVID DANEMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEAH DAVIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KASHAY WEBB | SECRETARY AS OF OCT 2023 Trustee or director, Officer | 1 | $0 | $0 |
| JAMES COLE ABRAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA SUGARMAN GROCHAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MYRA NORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIERRA A DORSEY | PRESIDENT Trustee or director, Officer | 40 | $142,715 | $7,900 |
| PAULA DOFAT | SCHOLARSHIP STRATEGIS UNTIL MAY 16,2023. Highest-paid employee | 40 | $107,237 | $5,334 |
| JERRY FOCAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS CAUSEY | IMMEDIATE PAST BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DAVID ROTHSCHILD | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TIM REDMOND | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| IRA WAGNER | PAST BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| MOLLY SHOCK | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| MICHAEL WARD | PAST BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| JEAN WYMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LIZ BLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LELAND SHELTON | DIRECTOR UNTIL SEP 22, 2022 Trustee or director | 1 | $0 | $0 |
| SUSAN SILBERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL DAVENPORT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE ROSENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN FUDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FISHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARNOLD FRUMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARBARA KORNBLATT | DIRECTOR UNTIL SEP 22, 2022 Trustee or director | 1 | $0 | $0 |
| DAVID DANEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEAH DAVIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KASHAY WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY MCCREE | DIRECTOR UNTIL SEP 22, 2022 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6 PARK CENTER CT STE 211, OWINGS MILLS, MD 21117-5604
- Principal officer (990 for 2024)
- TIERRA DORSEY, 6 PARK CENTER COURT SUITE 211, OWINGS MILLS, MD 21117
- Signed the 990
- TIERRA DORSEY, PRESIDENT
- Phone
- (410) 415-5558
- Website
- WWW.CENTRAL-SCHOLARSHIP.ORG
- Return prepared by
- GORFINE SCHILLER & GARDYN PA
Mission
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.
Program accomplishments
- 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, 2025, CS PROCESSED NEARLY 2,570 APPLICATIONS AND AWARDED 146 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, 2025, CS MADE EMERGENCY GRANTS TO 3 STUDENTS TOTALING $1,575. 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, 2025, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 13 STUDENTS. IN ORDER TO COVER THE OPERATING SERVICES FOR SCHOLARSHIP ADMINISTRATION, CENTRAL SCHOLARSHIP CHARGES A SMALL PERCENTAGE TO MANAGE THE 80 SCHOLARSHIPS IN OUR PORTFOLIO.Expenses $982,832 · grants $624,126 · revenue $64,913
- 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 $64,250 WERE AWARDED TO 19 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2025. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $1,280,000 FOR MORE THAN 321 STUDENTS.Expenses $101,177
- CS'S STUDENT AWARDS CEREMONY RECOGNIZES SCHOLARSHIP RECIPIENTS FOR THE CURRENT YEAR. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2025, STUDENTS WERE RECOGNIZED AT THE CENTENNIAL GALA, A CELEBRATION IN HONOR OF CENTRAL SCHOLARSHIP'S 100TH ANNIVERSARY. 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). DURING THE FISCAL YEAR ENDING ON JUNE 30, 2025, CS AWARDED A LOAN PAYDOWN AWARD FOR 1 STUDENT.Expenses $298,775 · grants $18,497
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-6012589
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1952
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,790,979
- Income (IRS master file)
- $3,076,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,016,206 | $1,870,093 | $13,790,979 | IRS |
| 990 | June 2024 | $1,613,952 | $1,944,726 | $13,118,784 | XML |
| 990 | June 2023 | $2,276,776 | $1,896,034 | $12,870,890 | XML |
| 990 | June 2022 | $1,811,840 | $1,770,406 | $11,833,358 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-6012589).
Questions about THE CENTRAL SCHOLARSHIP BUREAU INC
- What is the EIN of THE CENTRAL SCHOLARSHIP BUREAU INC?
- The employer identification number (EIN) of THE CENTRAL SCHOLARSHIP BUREAU INC is 52-6012589.
- Is THE CENTRAL SCHOLARSHIP BUREAU INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1952.
- Are donations to THE CENTRAL SCHOLARSHIP BUREAU INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CENTRAL SCHOLARSHIP BUREAU INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CENTRAL SCHOLARSHIP BUREAU INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CENTRAL SCHOLARSHIP BUREAU INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE CENTRAL SCHOLARSHIP BUREAU INC?
- The 990 for the year ended June 30, 2025 names TIERRA DORSEY.
- Who are the officers and directors of THE CENTRAL SCHOLARSHIP BUREAU INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $159,383 (TIERRA A DORSEY, PRESIDENT).
- How much revenue does THE CENTRAL SCHOLARSHIP BUREAU INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,016,206, expenses of $1,870,093 and total assets of $13,790,979 at year end.
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