2021-04-26T19:42:59-05:00 2020-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE OWINGS MILLS MD 21117 990 2019-07-01 521072250 BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST BALT 4107522225 808 NORTH CHARLES STREET BALTIMORE MD 21201 JESSICA SURIANO EXECUTIVE DIRECTOR 4107522225 2021-04-26 1 TIANA WYNN P00997288 4105840060 2021-04-26 2019 2022-09-23 18:48:47Z JESSICA SURIANO 808 NORTH CHARLES STREET BALTIMORE MD 21201 1931107 0 X WWW.BESTTRUST.ORG X 1987 MD THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, IN PARTNERSHIP WITH OUR EIGHTEEN INDEPENDENT MEMBER SCHOOLS, RECRUITS AND SUPPORTS THROUGH THE ADMISSIONS PROCESS ACADEMICALLY AMBITIOUS, AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA. ONCE STUDENTS ARE ENROLLED, B.E.S.T. POSITIONS THEM FOR SUCCESS THROUGH ACADEMIC PREPARATION, CHARACTER AND LEADERSHIP DEVELOPMENT AND SUPPORT PROGRAMS. 48 48 21 48 0 0 805155 860580 429500 420425 403351 361864 0 0 1638006 1642869 566904 547367 0 0 660756 673478 0 0 121897 318315 293469 1545975 1514314 92031 128555 11351857 11413965 352800 480499 10999057 10933466 X THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, IN PARTNERSHIP WITH OUR EIGHTEEN INDEPENDENT MEMBER SCHOOLS, RECRUITS AND SUPPORTS THROUGH THE ADMISSIONS PROCESS ACADEMICALLY AMBITIOUS, AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA. ONCE STUDENTS ARE ENROLLED, B.E.S.T. POSITIONS THEM FOR SUCCESS THROUGH ACADEMIC PREPARATION, CHARACTER AND LEADERSHIP DEVELOPMENT AND SUPPORT PROGRAMS. 0 0 1203522 547367 420425 THE THREE GREATEST ACCOMPLISHMENTS OF THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INCLUDE OUR ADMISSIONS SUPPORT, OUR STUDENT / PARENT PROGRAMS AND OUR FACILITATION OF PRIVATE AND PUBLIC PARTNERSHIPS. IN ADMISSIONS, WE PROVIDE INDIVIDUALIZED ADMISSIONS AND FINANCIAL AID COUNSELING TO APPLICANTS AND THEIR PARENTS. OUR STUDENT AND PARENT PROGRAMS INCLUDE ACADEMIC ENRICHMENT, LEADERSHIP DEVELOPMENT, PARENT NETWORKING AND COLLEGE-BOUND SUPPORT. IN ADDITION, B.E.S.T. BUILDS PARTNERSHIPS AND FACILITATES COLLABORATIONS BETWEEN PRIVATE AND PUBLIC EDUCATIONAL LEADERS THROUGHOUT BALTIMORE. THE TOTALITY OF OUR PROGRAMMATIC WORK SUPPORTS APPLICANT STUDENTS AND PARENTS, ENROLLED STUDENTS AND PARENTS AND THE EDUCATIONAL COMMUNITY IN BALTIMORE. 1203522 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 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 0 1 9 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X X JILL WOOD 4107522225 808 NORTH CHARLES STREET BALTIMORE MD 21201 YOUNG KARLO G BOARD PRESIDENT 4.00 X X 0 0 0 COLLINS TIFFANI S BOARD VICE PRESIDENT 2.00 X X 0 0 0 SCHMICK JOHN E BOARD SECOND VICE PRESIDENT 2.00 X X 0 0 0 WATSON CRAIG S BOARD TREASURER 2.00 X X 0 0 0 BERRIER CHRISTOPHER A BOARD SECRETARY 2.00 X X 0 0 0 ALEXANDER TERI TRUSTEE 1.00 X 0 0 0 BLATTI CAROLINE TRUSTEE 1.00 X 0 0 0 BRUNE JEAN WALLER EMERITUS 1.00 X 0 0 0 COOPER MARINA TRUSTEE 1.00 X 0 0 0 DIXON W BOULTON TRUSTEE 1.00 X 0 0 0 FARACE DAVID J TRUSTEE 1.00 X 0 0 0 FAUS DAVID C TRUSTEE 1.00 X 0 0 0 FORD TRACEY H TRUSTEE 1.00 X 0 0 0 HARVEY III F BARTON EMERITUS 0.00 X 0 0 0 HATHAWAY MOLLY M EMERITUS 0.00 X 0 0 0 HOLMGREN ANDREW B TRUSTEE 1.00 X 0 0 0 HUGHES CHRISTOPHER A TRUSTEE 1.00 X 0 0 0 HUNTER DAVID B TRUSTEE 1.00 X 0 0 0 HURLEY CHEO D TRUSTEE 2.00 X 0 0 0 HUTCHINS DIANE TRUSTEE 1.00 X 0 0 0 JACKS III GRANT EMERITUS 0.00 X 0 0 0 KERMAN NIKKI J TRUSTEE 1.00 X 0 0 0 LAGARDE DOUGLAS TRUSTEE 1.00 X 0 0 0 LORBER TIMOTHY J TRUSTEE 2.00 X 0 0 0 MALFA ERENI TRUSTEE 2.00 X 0 0 0 MICCICHE MATTHEW W TRUSTEE 1.00 X 0 0 0 NESPOLE MATTHEW TRUSTEE 1.00 X 0 0 0 OWEN LEE S TRUSTEE 1.00 X 0 0 0 PAGE JR JAMES E TRUSTEE 1.00 X 0 0 0 PERRY JOSHUA R TRUSTEE 1.00 X 0 0 0 PARADIS DANIEL J TRUSTEE 2.00 X 0 0 0 PERFIELD DAVID G TRUSTEE 1.00 X 0 0 0 POST CHRISTOPHER J TRUSTEE 2.00 X 0 0 0 REID JR VERNON A EMERITUS 1.00 X 0 0 0 RODGERS THEO C EMERITUS 1.00 X 0 0 0 SADLER SUSAN T TRUSTEE 1.00 X 0 0 0 SHIFRIN BEN TRUSTEE 1.00 X 0 0 0 SIMMS STUART O EMERITUS 1.00 X 0 0 0 SMITH ANNA L TRUSTEE 1.00 X 0 0 0 SMYTH HENRY PA TRUSTEE 1.00 X 0 0 0 SNYDER LAWRENCE TRUSTEE 1.00 X 0 0 0 STALEY ANNE TRUSTEE 1.00 X 0 0 0 STEVENS RANDY S TRUSTEE 1.00 X 0 0 0 SWEENEY MARTHA H TRUSTEE 1.00 X 0 0 0 TIMKEN JOHN H TRUSTEE 2.00 X 0 0 0 TUCK ASHLEE S TRUSTEE 1.00 X 0 0 0 WHITEHEAD PAT TRUSTEE 1.00 X 0 0 0 YERMAN WILLIAM L TRUSTEE 1.00 X 0 0 0 JESSICA SURIANO EXECUTIVE DIRECTOR 40.00 X 126000 0 8245 CRYSTAL ALSTON DIRECTOR OF ADVANCEMENT 40.00 X 96572 0 11870 JILL WOOD DIRECTOR OF FINANCE & OPERATION 40.00 X 78361 0 13749 ALECIA PRIDGEN DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 77033 0 10730 377966 0 44594 1 0 0 0 0 860580 860580 SCHOOL MEMBERSHIP FEES 900099 406500 406500 APPLICATION FEES AND O 900099 13925 13925 420425 215102 215102 435000 288238 146762 146762 146762 1642869 420425 0 361864 547367 547367 422560 284363 91500 46697 165334 111262 35801 18271 6660 4482 1442 736 32475 21854 7032 3589 46449 31258 10058 5133 398 398 53207 35806 11521 5880 33693 18697 8377 6619 58635 39459 12696 6480 3230 3122 108 203 203 5236 5236 12377 8329 2680 1368 STUDENT PROGRAMS/EVENTS 86305 86305 CULTIVATION AND STEWARD 20231 20231 BUSINESS EXPENSES 7130 4798 1544 788 PROFESSIONAL DEVELOPMEN 6565 3497 299 2769 6259 2923 3336 1514314 1203522 188895 121897 221823 278286 54866 155343 15054 2274 149752 136087 18342 13665 11041772 10964397 11351857 11413965 14760 38124 334000 325200 117175 4040 0 352800 480499 X 827475 780755 10171582 10152711 10999057 10933466 11351857 11413965 128555 -194146 0 X X 0 1 X 1 0 X 734177 770281 766168 805155 860580 3936361 734177 770281 766168 805155 860580 3936361 576671 3359690 176055 170521 192353 221342 214704 974975 4911336 2072218 0.68410 0.69960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9241505 25000 137864 435040 8969329 9900812 487110 437944 708473 9241505 9611825 719353 430336 9900812 8978486 1093243 459904 9611825 9459905 -29111 452308 8978486 0.61200 0.38800 0 0 149752 136087 13665 13665 MONEY MARKET FUNDS 1706423 F DOMESTIC US STOCKS/FUNDS 4798284 F INTERNATIONAL (NON U.S.) STOCKS/FUNDS 1285226 F FIXED INCOME 3174464 F 10964397 X 1448325 -194146 -194146 1642471 398 398 1642869 1513916 0 1513916 398 398 1514314 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE ORGANIZATION FOLLOWS THE PROVISION OF ACCOUNTING OF UNCERTAINTY IN INCOME TAX UNDER THE INCOME TAXES TOPICS OF THE CODIFICATION. THE CODIFICATION REQUIRES THE 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEE 398. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEE 398. 1 BRYN MAWR SCHOOL 109 W MELROSE AVE BALTIMORE MD 21210 520591604 501(C)(3) 56333 SHDF, FA GIFT, GAP FUNDING GRANT, EMERGENCY FUND, STUART O. SIMMS PRES FUND CALVERT SCHOOL 105 TUSCANY RD BALTIMORE MD 21210 520591463 501(C)(3) 26561 SHDF, FA GIFT, EMERGENCY FUND FRIENDS SCHOOL OF BALTIMORE 5114 NORTH CHARLES ST BALTIMORE MD 21210 520976194 501(C)(3) 54518 SHDF, FA GIFT , CHICK LORD SCHOLAR, EMERGENCY FUND GARRISON FOREST SCHOOL 300 GARRISON FOREST RD OWINGS MILLS MD 21117 520258140 501(C)(3) 29938 SHDF, FA GIFT , CHICK LORD SCHOLAR GILMAN SCHOOL 5407 ROLAND AVE BALTIMORE MD 21210 520591631 501(C)(3) 45019 SHDF, FA GIFT , EMERGENCY FUND, CHICK LORD SCHOLAR JEMICY SCHOOL 11 CELADON RD OWINGS MILLS MD 21117 520735085 501(C)(3) 20045 SHDF, FA GIFT KEY SCHOOL 543 HILLSMERE DR ANNAPOLIS MD 21403 520591625 501(C)(3) 22515 SHDF, FA GIFT, STUART O. SIMMS FUND MARYVALE PREPARATORY SCHOOL 11300 FALLS RD LUTHERVILLE MD 21093 520591516 501(C)(3) 21835 SHDF, FA GIFT , GAP FUNDING GRANTS MCDONOGH SCHOOL PO BOX 380 OWINGS MILLS MD 21117 520709497 501(C)(3) 37840 SHDF, FA GIFT , CHICK LORD SCHOLAR OLDFIELDS SCHOOL 1500 GLENCOE RD GLENCOE MD 21152 526001577 501(C)(3) 16405 SHDF, FA GIFT PARK SCHOOL OF BALTIMORE PO BOX 8200 BROOKLANDVILLE MD 21022 520591602 501(C)(3) 30317 SHDF, FA GIFT , STUART O. SIMMS PRES FUND ROLAND PARK COUNTRY SCHOOL 5204 ROLAND AVE BALTIMORE MD 21210 520591510 501(C)(3) 37615 SHDF, FA GIFT , GAP FUNDING GRANT SEVERN SCHOOL INC 20 WATER STREET SEVERNA PARK MD 21146 520591466 501(C)(3) 23325 SHDF, FA GIFT ST PAUL'S SCHOOL 11152 FALLS RD BROOKLANDVILLE MD 21022 521160935 501(C)(3) 63791 SHDF, FA GIFT , STUART O. SIMMS PRES FUND CORPORATION OF ST TIMOTHY'S SCHOOL 8400 GREENSPRING AVE STEVENSON MD 21153 520591645 501(C)(3) 16810 SHDF, FA GIFT THE BOYS' LATIN SCHOOL OF MARYLAND 822 W LAKE AVE BALTIMORE MD 21210 520701774 501(C)(3) 32660 SHDF, FA GIFT , STUART O. SIMMS FUND WALDORF SCHOOL OF BALTIMORE 4801 TAMARIND RD BALTIMORE MD 21209 237305478 501(C)(3) 19425 SHDF, FA GIFT , STUART O. SIMMS FUND PART I, LINE 2: WHEN B.E.S.T. PROVIDES GRANTS FOR ANNUAL FUND GIFTS, THE SCHOOL HEAD'S DISCRETIONARY FUND, EMERGENCY FUND, CHICK LORD SCHOLAR, GAP FUND AND THE STUART O. SIMMS PRESIDENT'S FUND, WE SEND A CHECK AND A LETTER TO EACH OF THE SCHOOLS, STATING THE INTENDED USE OF THE MONEY BEING SENT TO THE SCHOOLS. ANNUAL FUND GIFTS ARE PROVIDED TO OUR MEMBER SCHOOLS TO SUPPORT STUDENT FINANCIAL AID. THE ANNUAL FUND GIFT LETTERS STATE THE AMOUNT OF THE GRANT AWARDED TO EACH SCHOOL AS A DIRECTED GIFT TO THE SCHOOL'S FINANCIAL AID BUDGET. THE PURPOSE OF THE SCHOOL HEAD'S DISCRETIONARY FUND (SHDF) AT THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST IS TO PROVIDE SCHOOL HEADS AUXILIARY FUNDING TO SUPPORT B.E.S.T. STUDENTS ON THEIR CAMPUSES. THE SUPPORT CAN INCLUDE NECESSARY SERVICES AS WELL AS EXPERIENTIAL LEARNING OPPORTUNITIES AT THE DISCRETION OF THE SCHOOL HEAD. EACH YEAR THE SCHOOL MUST SUBMIT A DETAILED REPORT TO B.E.S.T. ON HOW THE FUNDS WERE USED. EMERGENCY FUNDS ARE PROVIDED TO OUR MEMBER SCHOOLS TO SUPPORT B.E.S.T. STUDENTS CURRENTLY ENROLLED WHO EXPERIENCE FINANCIAL DIFFICULTIES WITH REGARDS TO MEETING THEIR TUITION OBLIGATION. THE REQUESTS FOR EMERGENCY FUNDING COME FROM THE SCHOOL. EMERGENCY FUND GRANT LETTERS STATE THE AMOUNT OF TUITION ASSISTANCE AND THE STUDENT'S NAME. THE FUND PROVIDES TUITION SUPPORT AND ALLOWS STUDENTS TO REMAIN ENROLLED AT THEIR SCHOOL. CHICK LORD SCHOLAR GIFTS ARE PROVIDED TO THE SPECIFIC MEMBER SCHOOL WITH A CHICK LORD SCHOLAR. B.E.S.T. PAYS 75% OF THE PARENT PORTION OF TUITION FOR THE CHICK LORD SCHOLAR. THERE WERE FOUR CHICK LORD SCHOLARS FOR FISCAL YEAR 2020. THE CHICK LORD SCHOLARS ATTENDED GARRISON FOREST SCHOOL, GILMAN SCHOOL, FRIENDS SCHOOL OF BALTIMORE, AND MCDONOGH SCHOOL. GAP FUNDS ARE A ONE-TIME GRANT TO MEMBER SCHOOLS. THESE GRANTS HELP A NEW B.E.S.T. APPLICANT TO ENROLL AT THEIR NEW MEMBER SCHOOL. B.E.S.T. PAYS A PORTION OF THE TUITION TO SUPPORT THE STUDENT DURING THEIR INITIAL ENROLLMENT YEAR, AND THE SCHOOL MAKES A COMMITMENT TO COVER THE DIFFERENCE MOVING FORWARD. GAP FUNDING GRANT LETTERS STATE THE AMOUNT AND THE STUDENT'S NAME. THE STUART O. SIMMS PRESIDENT'S FUND PROVIDES SPECIAL FUNDING FOR THOSE EXPENSES THAT HEAD'S DISCRETIONARY FUND AND EMERGENCY FUND CANNOT COVER DUE TO RESTRICTIONS OR LIMITS TO THOSE FUNDING STREAMS. THE STUART O. SIMMS PRESIDENT'S FUND IS AVAILABLE FOR SPECIAL CIRCUMSTANCES THAT THE B.E.S.T. STUDENT MAY ENCOUNTER DURING THEIR TENURE AT THEIR MEMBER SCHOOL. EXAMPLES OF THOSE EXPENSES INCLUDE BUT ARE NOT LIMITED TO SIGNIFICANT TRANSPORTATION COSTS; THE OPPORTUNITY TO TAKE PART IN AN INTERNATIONAL OR NATIONAL PROGRAM; AND PSYCHOEDUCATIONAL TESTING. COPIES OF THE CHECKS AND THE GRANT LETTERS SENT TO THE SCHOOLS ARE MAINTAINED IN FILES IN B.E.S.T.'S FINANCE DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO THE AD-HOC AUDIT COMMITTEE OF THE BOARD SO THEY MAY REVIEW, EDIT, AND APPROVE THE DOCUMENT. ONCE THE DRAFT IS REVIEWED, EDITED, AND APPROVED, THE FORM 990 IS DISTRIBUTED TO THE FINANCE COMMITTEE. ONCE THE FINANCE COMMITTEE APPROVES THE DOCUMENT, THE FORM 990 IS CONSIDERED COMPLETE AND THE EXECUTIVE DIRECTOR SIGNS THE FINAL VERSION. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES ARE REQUIRED EACH YEAR TO SIGN THE CONFLICT OF INTEREST POLICY. THE SIGNED FORMS ARE STORED AT B.E.S.T. IN THE TRUSTEE'S CONFIDENTIAL FILES IN THE EXECUTIVE OFFICE. IF A CONFLICT EXISTS WITH A TRUSTEE, THE BOARD PRESIDENT, IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE, WOULD REVIEW. IF A CONFLICT EXISTS WITH THE BOARD PRESIDENT, THE EXECUTIVE COMMITTEE WOULD REVIEW. ALL EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY EVERY YEAR AND THEIR FORMS ARE FILED IN THEIR PERSONNEL FILES. IF A CONFLICT EXISTS WITH AN EMPLOYEE, THE EXECUTIVE DIRECTOR WOULD REVIEW WITH THE BOARD PRESIDENT. IF A CONFLICT OF INTEREST EXISTS WITH THE EXECUTIVE DIRECTOR, THE BOARD CHAIR IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE WOULD REVIEW. FORM 990, PART VI, SECTION B, LINE 15 RESEARCH OF SALARIES FOR SIMILAR POSITIONS AND SIMILAR ORGANIZATIONS IS REVIEWED AND COMPARED EVERY FEW YEARS. THE BOARD PRESIDENT AND EXECUTIVE COMMITTEE REVIEWED THE SALARY OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR REVIEWED THE SALARY FOR THE ADMISSIONS ASSOCIATE, THE DIRECTOR OF ENROLLMENT MANAGEMENT, THE DIRECTOR OF FINANCE AND OPERATIONS, THE DIRECTOR OF ADVANCEMENT, THE DIRECTOR OF PROGRAMS AND ALUMNI RELATIONS, AND THE DEVELOPMENT AND PROGRAM ASSOCIATE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.