2020-04-08T11:12:39-05:00 2019-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2018-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JAN WAGNER PRESIDENT 4104155558 2020-04-02 1 SCOTT D RODGVILLE CPA P00365285 4103565900 173.67.46.202 2020-04-02 10:22:57 ED P E9E41BF387D4BDE30641B4966A70BCB5AFB65BF0 08D2E49B6E261105B65CF7B9EA12222FCC1A8E57 2018 2020-09-22 18:59:49Z CENTRAL SCHOLARSHIP JAN WAGNER 6 PARK CENTER COURT OWINGS MILLS MD 21117 2005214 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 11 50 14600 13600 2734319 1572297 16135 16863 273915 266316 29284 23590 3053653 1879066 944527 886089 0 0 771507 931783 0 0 210802 355176 389084 2071210 2206956 982443 -327890 12875990 12838016 33947 149318 12842043 12688698 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 1216156 721406 18152 CENTRAL SCHOLARSHIP (CS) PROVIDES NEED-BASED SCHOLARSHIPS AND EMERGENCY FUNDS FOR HIGH-PERFORMING STUDENTS PURSUING UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES. FOR MOST PROGRAMS, STUDENTS ARE ELIGIBLE FOR UP TO $10,000 PER YEAR IN ASSISTANCE FOR POST-SECONDARY EDUCATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2019, CS PROCESSED NEARLY 6,000 APPLICATIONS AND AWARDED 224 SCHOLARSHIPS TO STUDENTS.(EMERGENCY GRANTS) GRANTS FOR URGENT SITUATIONS ARE AVAILABLE FOR STUDENTS ALREADY RECEIVING EDUCATIONAL FUNDING FOR DEGREE PROGRAMS. THESE FUNDS ARE DESIGNATED FOR NON-EDUCATIONAL EXPENSES SUCH AS MEDICAL BILLS, TRANSPORTATION EMERGENCIES, OR REPLACEMENT OF ESSENTIAL BELONGINGS AFTER THEFT OR FIRE. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2019, CS MADE EMERGENCY GRANTS TO NINE STUDENTS. 316006 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 $187,450 WERE AWARDED TO 32 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2019. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $3,000,000 FOR MORE THAN 500 STUDENTS. 277625 164683 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, 2019, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 72 STUDENTS. TO SUPPLEMENT THE CAREER-TRAINING PROGRAM, CS HAS LAUNCHED A PILOT PROGRAM WHEREBY THE ORGANIZATION PROVIDES TRANSPORTATION GRANTS TO CERTAIN GRADUATES OF THE CAREER-TRAINING PROGRAM. THESE GRANTS ENABLE GRADUATES TO AFFORD DEPENDABLE TRANSPORTATION SO THEY CAN COMMENCE THEIR NEW CAREERS. 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. IN FALL 2018, ONE YEAR AGREEMENTS WERE SIGNED WITH EACH OF 13 PRIVATE COLLEGES IN MARYLAND WHO AGREED NOT TO DISPLACE PRIVATE SCHOLARSHIPS ISSUED BY CENTRAL SCHOLARSHIP. 1809787 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 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 9 0 1 11 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 JAN WAGNER 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 SPECIAL APPOINTMENT 2.00 X 0 0 0 LARRY KAMANITZ SPECIAL APPOINTMENT 2.00 X 0 0 0 MICHAEL WARD SPECIAL APPOINTMENT 2.00 X 0 0 0 JEAN WYMAN OFFICER 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 RICHARDSON 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 145701 0 8409 145701 0 8409 1 0 1 0 0 1572297 1572297 SCHOLARSHIP MANAGEMENT 900099 16863 16863 16863 197440 197440 195024 123830 2318 71194 -2318 68876 68876 PARTNERSHIP INCOME - V 900099 22301 14600 7701 SALES INCOME RECOVERY 900099 1289 1289 23590 1879066 18152 14600 274017 886089 886089 159253 132180 23888 3185 638306 428943 41982 167381 27299 17935 1577 7787 53667 37539 4316 11812 53258 37379 4351 11528 57098 17679 39039 380 35231 35231 22664 22664 500 475 25 6457 4843 1291 323 55211 45825 8282 1104 61815 48216 12363 1236 4343 3605 651 87 1088 598 436 54 7350 6101 1102 147 9472 6441 2842 189 UBIT EXPENSE 4109 4109 OTHER PROGRAM SERVICES 50757 50757 MEMBERSHIP AND PUBLICAT 17431 17431 TELEPHONE & UTILITIES 11931 9545 1789 597 43627 17742 20918 4967 2206956 1809787 186367 210802 1289224 792034 1069214 830857 2480474 2293784 19357 16445 82952 75558 17062 7394 8000659 8897502 12875990 12838016 8766 116643 25181 32675 33947 149318 X 5711390 5360140 1053474 1140095 6077179 6188463 12842043 12688698 12875990 12838016 -327890 174545 0 X X 0 1 X 1 0 X 1508135 1616619 2195475 2734319 1572297 9626845 1508135 1616619 2195475 2734319 1572297 9626845 2788565 6838280 67839 124902 775567 184535 197440 1350283 16271 14600 30871 11007999 131087 0.62120 0.60750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6526258 140331 6666589 5345710 1180548 6526258 4463524 882186 5345710 3947522 489002 4436524 3247501 700021 3947522 0.92000 0.08000 0 0 82952 75558 7394 7394 892233 C SECURITIES AND OTHER INVESTMENTS 7505269 F INVESTMENT IN LLC 500000 C 8897502 X 2018380 174545 174545 1843835 35231 35231 1879066 2171725 0 2171725 35231 35231 2206956 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 - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT IN ROTHSCHILD GQ SYSTEMATIC INTERNATIONAL FUND, LTD 966550 0 0 0 0 0 0 966550 0 966550 1 0 1 0 0 0 1 LOANS 94 189126 BOOK GRANTS 318 886089 BOOK X X 0 0 0 0 0 0 0 0 0 JAN WAGNER PRESIDENT 145701 0 0 0 0 0 7417 0 992 0 154110 0 0 0 ROTHSCHILD CAPITAL PARTNERS LLC 35% OR MORE CONTROLLED ENTITY BY DAVID ROTHSCHILD, A BOARD MEMBER OF CSB 12144 MANAGEMENT FEES 0 ROTHCAP GP LLC 35% OR MORE CONTROLLED ENTITY BY DAVID ROTHSCHILD, A BOARD MEMBER OF CSB 17388 INCENTIVE ALLOCATION 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.CSB HAS INVESTMENTS IN THE ROTHSCHILD GQ SYSTEMATIC INTERNATIONAL FUND, LTD. (CAYMAN FEEDER FUND). 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 CSB'S SHARE OF INVESTMENT MANAGEMENT FEES AND INCENTIVE ALLOCATIONS PAID. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE DIRECTORS PRIOR TO FILING. THE FORM IS ALSO DISTRIBUTED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS 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 AVAILABLE ON GUIDESTAR AND UPON REQUEST. FORM 990-T AND FORM 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION SENDS ITS FORM 990 TO GUIDESTAR AND POSTS IT TO ITS OWN WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND THE ORGANIZATION POSTS THEM TO ITS OWN WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS THE TAX RETURN. LAYDON PARK INC 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 520787708 RENTAL REAL ESTATE MD C 55894 186026 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 55640 DIVIDENDS RECEIVED LAYDON PARK INC S 254 INCOME FROM ENTITY