2021-05-10T17:40:14-05:00 2020-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2019-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 TIERRA DORSEY PRESIDENT 4104155558 2021-05-06 1 SCOTT D RODGVILLE CPA P00365285 4103565900 2019 2022-09-23 18:48:47Z CENTRAL SCHOLARSHIP TIERRA DORSEY 6 PARK CENTER COURT OWINGS MILLS MD 21117 2340287 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD TO HELP MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATIONBY MAKING HIGHER EDUCATION MORE AFFORDABLE. 22 22 10 43 11045 10045 1572297 1231107 16863 0 266316 70965 23590 16367 1879066 1318439 886089 779441 0 0 931783 825560 0 113 197253 389084 358971 2206956 1964085 -327890 -645646 12838016 12404066 149318 277629 12688698 12126437 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 1014327 655996 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, 2020, CS PROCESSED NEARLY 6,000 APPLICATIONS AND AWARDED 213 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, 2020, CS MADE EMERGENCY GRANTS TO NINE STUDENTS. 396836 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 $256,646 WERE AWARDED TO 49 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2020. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $2,400,000 FOR MORE THAN 500 STUDENTS. 190875 123445 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, 2020, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 79 STUDENTS. TO SUPPLEMENT THE CAREER-TRAINING PROGRAM, CS PROVIDES TRANSPORTATION GRANTS TO CERTAIN GRADUATES OF THE CAREER-TRAINING PROGRAM SO THAT THEY MAY OBTAIN DEPENDENDABLE TRANSPORTATION TO BEGIN THEIR CAREERS. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2020, 24 STUDENTS RECEIVED EMERGENCY GRANTS. 0 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. 0 1602038 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 7 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X X TIERRA DORSEY 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JERRY FOCAS BOARD CHAIR 2.00 X 0 0 0 RUSS CAUSEY 1ST VICE CHAIR 2.00 X 0 0 0 DAVID ROTHSCHILD 2ND VICE CHAIR 2.00 X 0 0 0 TIM REDMOND TREASURER 2.00 X 0 0 0 PEGGY HELLER SECRETARY 2.00 X 0 0 0 IRA WAGNER IMMEDIATE PAST BOARD CHAIR 2.00 X 0 0 0 MOLLY SHOCK PAST BOARD CHAIR 2.00 X 0 0 0 LARRY KAMANITZ PAST BOARD CHAIR 2.00 X 0 0 0 MICHAEL WARD PAST BOARD CHAIR 2.00 X 0 0 0 JEAN WYMAN EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 RAY MCCREE DIRECTOR 1.00 X 0 0 0 ERNESTINE WHITING DIRECTOR 1.00 X 0 0 0 LIZ BLOCK DIRECTOR 1.00 X 0 0 0 RICARDO JOHNSON DIRECTOR 1.00 X 0 0 0 LELAND SHELTON 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 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 1.00 X 0 0 0 JAN WAGNER PRESIDENT 40.00 X 150205 0 14870 150205 0 14870 1 0 1 0 0 1231107 1231107 200743 200743 892070 1021848 -129778 -129778 -129778 PARTNERSHIP INCOME - VANCE 900099 16367 11045 5322 16367 1318439 0 11045 76287 779441 779441 165075 137012 24762 3301 536937 348758 33123 155056 18864 10899 502 7463 53741 37027 4352 12362 50943 35099 4126 11718 80700 34909 44939 852 113 113 17738 17738 25140 25140 3190 3140 50 5122 3842 1024 256 41820 35945 5184 691 59591 46481 11918 1192 4360 3619 654 87 4137 1816 1522 799 4151 3445 623 83 7705 5239 2312 154 UBIT EXPENSE 5119 5119 OTHER PROGRAM SERVICES 32474 32474 STATIONERY AND PRINTING 24092 19274 3613 1205 MEMBERSHIP AND PUBLICAT 17033 17033 26599 20740 3988 1871 1964085 1602038 164794 197253 792034 1418850 830857 569078 2293784 2183304 16445 48913 82952 79709 7394 3243 8897502 8160426 0 20252 12838016 12404066 116643 91247 32675 34182 0 152200 149318 277629 X 5360140 4847899 7328558 7278538 12688698 12126437 12838016 12404066 -645646 83385 0 X X 0 1 X 1 0 X 1616619 2195475 2734319 1572297 1231107 9349817 1616619 2195475 2734319 1572297 1231107 9349817 2556521 6793296 124902 775567 184535 197440 200743 1483187 16271 14600 11045 41916 10874920 119427 0.62470 0.62120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6666589 -506954 6159635 6526258 140331 6666589 5345710 1180548 6526258 4463524 882186 5345710 3947522 489002 4436524 0.00000 0.89000 0.11000 0 0 82952 79709 3243 3243 893356 C SECURITIES AND OTHER INVESTMENTS 6767070 F INVESTMENT IN LLC 500000 C 8160426 PPP LOAN 152200 152200 X 1384086 83385 83385 1300701 17738 17738 1318439 1946347 0 1946347 17738 17738 1964085 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 THE INVESTMENT IN ROTHSCHILD GQ SYSTEMATIC INTERNATIONAL FUND, LTD WAS SOLD AS OF 6/30/2020. 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 LOANS 49 256646 BOOK GRANTS 292 779441 BOOK X X 0 0 0 0 0 0 0 0 0 JAN WAGNER PRESIDENT 150205 0 0 0 0 0 14870 0 0 0 165075 0 0 0 ROTHSCHILD CAPITAL PARTNERS LLC 35% OR MORE CONTROLLED ENTITY BY DAVID ROTHSCHILD, A BOARD MEMBER OF CS 5993 MANAGEMENT FEES 0 990, SCHEDULE L, PART IV DAVID ROTHSCHILD IS A BOARD MEMBER OF THE ORGANIZATION AND OWNS 35% OR MORE OF THE INVESTMENT MANAGEMENT COMPANIES, ROTHSCHILD CAPITAL PARTNERS, LLC AND ROTHCAP GP, LLC.CS HELD AN INVESTMENT IN THE ROTHSCHILD GQ SYSTEMATIC INTERNATIONAL FUND, LTD. (CAYMAN FEEDER FUND) AS OF THE BEGINNING OF THE CURRENT TAX YEAR. THE CAYMAN FEEDER FUND IS INVESTED IN THE ROTHSCHILD GQ SYSTEMATIC FUND, LP (MASTER FUND). THE MASTER FUND PAYS THE MANAGEMENT COMPANY ROTHSCHILD CAPITAL PARTNERS, LLC A 1.5% MANAGEMENT FEE BASED ON THE VALUE OF ASSETS UNDER MANAGEMENT. IN ADDITION, 20% OF THE MASTER FUND'S NET PROFITS ARE RE-ALLOCATED FROM THE LIMITED PARTNERS (INCLUDING THE CAYMAN FEEDER) TO THE GENERAL PARTNER (ROTHCAP GP, LLC).THE AMOUNTS REFLECTED IN PART IV REPRESENT CS'S SHARE OF INVESTMENT MANAGEMENT FEES AND INCENTIVE ALLOCATIONS PAID. THERE WERE NO INCENTIVE FEES PAID DURING THE 6/30/2020 TAX YEAR.CS SOLD ITS INVESTMENT IN THE ROTHSCHILD GQ SYSTEMATIC INTERNATIONAL FUND, LTD. BY THE END OF THE 6/30/2020 TAX YEAR. 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 C 57740 187149 0.70000 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 LAYDON PARK INC F 56617 DIVIDENDS RECEIVED LAYDON PARK INC S 1123 INCOME FROM ENTITY