2018-05-15T13:52:57-05:00 2017-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2016-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JAN WAGNER PRESIDENT 4104155558 2018-05-15 1 SCOTT D RODGVILLE CPA P00365285 4103565900 2016 2022-09-23 18:48:47Z CENTRAL SCHOLARSHIP JAN WAGNER 6 PARK CENTER COURT OWINGS MILLS MD 21117 3034971 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD SEE SCHEDULE O. 24 23 11 50 0 0 1662798 2195475 24963 56319 124902 775567 8790 7610 1821453 3034971 722208 833588 0 0 699478 745849 32797 0 170024 286243 319780 1740726 1899217 80727 1135754 10510212 11635222 28258 33640 10481954 11601582 X THE CENTRAL SCHOLARSHIP BUREAU, INC. (THE ORGANIZATION) IS A MARYLAND NON-STOCK NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAWS, THAT HELPS MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATION BY MAKING HIGHER EDUCATION MORE AFFORDABLE. THE ORGANIZATION AWARDS NEED BASED SCHOLARSHIPS AND INTEREST-FREE LOANS TO HIGH-PERFORMING STUDENTS THROUGH 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 789850 596423 CENTRAL SCHOLARSHIP (CS) PROVIDES SCHOLARSHIPS FOR UNDERGRADUATE, GRADUATE AND PROFESSIONAL SCHOOL TO STUDENTS WHO QUALIFY BASED ON FINANCIAL NEED AND ACADEMIC PERFORMANCE. STUDENTS ARE ELIGIBLE FOR UP TO $10,000 PER YEAR TO A MAXIMUM OF $40,000 IN ASSISTANCE FOR POST-SECONDARY EDUCATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2017, CS PROCESSED NEARLY 4,000 APPLICATIONS AND AWARDED 166 SCHOLARSHIPS TO STUDENTS. 394926 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 $288,000 WERE AWARDED TO 73 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2017. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APROXIMATELY $3,000,000 FOR MORE THAN 500 STUDENTS. 394926 237165 SCHOLARSHIPS ARE AVAILABLE FOR TRAINING IN CAREER FIELDS WHERE THERE IS VERIFIED WORKFORCE DEMAND, THE OPPORTUNITY TO EARN A LIVING WAGE, RECOGNIZED CREDENTIALS UPON PROGRAM COMPLETION AND A CAREER PATH FOR ADVANCEMENT. STUDENTS ARE QUALIFIED BASED ON FINANCIAL NEED, WITH PREFERENCE GIVEN TO BALTIMORE CITY RESIDENTS. DURING THE FISCAL YEAR ENDED JUNE 30, 2017, CENTRAL SCHOLARSHIP (CS) AWARDED CAREER TRAINING SCHOLARSHIPS TO 113 STUDENTS. 31600 THE MARY RUBIN AND BENJAMIN M. RUBIN SCHOLARSHIP FUND GENERATES BETWEEN 35 AND 40 AWARDS EACH YEAR. 31600 1611302 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 6 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 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 MICHAEL WARD IMMEDIATE PAST BOARD CHAIR 2.00 X 0 0 0 IRA WAGNER BOARD CHAIR 2.00 X 0 0 0 RUSS CAUSEY 2ND VICE CHAIR 2.00 X 0 0 0 PEGGY HELLER SECRETARY 2.00 X 0 0 0 MARY SHOCK SPECIAL APPOINTMENT 2.00 X 0 0 0 DAVE RICHARDSON TREASURER 2.00 X 0 0 0 LARRY KAMANITZ SPECIAL APPOINTMENT 2.00 X 0 0 0 JERRY FOCAS 1ST VICE CHAIR 2.00 X 0 0 0 JEAN WYMAN EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 SAM HIMMELRICH DIRECTOR 1.00 X 0 0 0 SANDY COMENETZ DIRECTOR 1.00 X 0 0 0 DELEGATE CORY MCCRAY DIRECTOR 1.00 X 0 0 0 RAY MCCREE DIRECTOR 1.00 X 0 0 0 DAVID ROTHSCHILD 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 TIM REDMOND 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 RODOLFO BELTRAN DIRECTOR 1.00 X 0 0 0 VIC BROCCOLINO DIRECTOR 1.00 X 0 0 0 JAN WAGNER PRESIDENT 40.00 X 136000 0 10874 136000 0 10874 1 0 0 0 0 2195475 2195475 PROGRAM SERVICE FEES - 900099 32000 32000 PROGRAM SERVICE FEES - 900099 9607 9607 PROGRAM SERVICE FEE JC 900099 7962 7962 PROGRAM SERVICE FEE BG 900099 6750 6750 56319 93360 93360 682207 0 682207 682207 682207 SALES INCOME RECOVERY 900099 5948 5948 INCOME FROM SUBSIDIARY 900099 1662 1662 7610 3034971 746136 0 93360 833588 833588 605336 453106 53490 98740 28296 20479 2500 5317 67445 52294 5960 9191 44772 32403 3957 8412 19256 10551 8451 254 29643 23638 6005 810 810 1287 1223 64 4165 3124 833 208 31272 25956 4691 625 56649 44186 11330 1133 3079 2556 461 62 12798 5538 884 6376 15320 12716 2298 306 8752 5951 2626 175 OTHER PROGRAM SERVICES 42888 42888 FUNDRAISING 36733 36733 STATIONERY AND PRINTING 12921 10337 1938 646 TELEPHONE 8398 6718 1260 420 35809 23240 11207 1362 1899217 1611302 117891 170024 1040425 663115 538139 843809 2662247 2610527 18505 20374 116251 88489 40661 27762 6210235 7469635 10510212 11635222 3478 21315 24780 12325 28258 33640 X 5541466 5455787 504235 848614 4436253 5297181 10481954 11601582 10510212 11635222 1135754 -16126 0 X X 0 1 X 1 0 X 1235244 1378241 1508135 1616619 2195475 7933714 1235244 1378241 1508135 1616619 2195475 7933714 677606 7256108 60506 77373 67839 124902 775567 1106187 9039901 114942 0.80270 0.95360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 1 0 1 1 0 0 0 PART II-B, LINE 1: DURING THE 2017 MARYLAND LEGISLATIVE SESSION, CS SUPPORTED HOUSE BILL 266, CROSS-FILED AS SENATE BILL 327, "PUBLIC SENIOR HIGHER EDUCATION INSTITUTIONS - FINANCIAL AID - REDUCTION RESTRICTIONS". THE HIRING OF A CONTRACT LOBBYIST TO SUPPORT THESE BILLS, LIMITED STAFF TIME NECESSARY TO MEET WITH AND WRITE LETTERS TO LEGISLATORS, AS WELL AS TESTIFY IN SUPPORT OF LEGISLATION AT PUBLIC HEARINGS, BOTH IN WRITING AND IN PERSON. OUR STAFF WROTE FEWER LETTERS TO LEGISLATORS, MET WITH SELECT FEW LEGISLATORS, AND TESTIFIED IN SUPPORT OF THESE BILLS, BOTH IN WRITING AND IN PERSON AT PUBLIC HEARINGS. A FEW VOLUNTEERS WROTE LETTERS OF SUPPORT. OUR STAFF GAVE SEVERAL PRESENTATIONS ABOUT THESE BILLS. 0 4436253 860928 5297181 4115624 320629 4436253 3581987 533637 4115624 3258855 323132 3581987 3256330 2525 3258855 0 0 116251 88489 27762 27762 893024 C SECURITIES AND OTHER INVESTMENTS 6076611 F INVESTMENT IN LLC 500000 C 7469635 2989202 -16126 -16126 3005328 29643 29643 3034971 1869574 0 1869574 29643 29643 1899217 PART X, LINE 2: FIN 48 (FASB ASC 740) THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE FASB ASC 740, ACCOUNTING FOR INCOME TAXES. THIS TOPIC 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. THE ORGANIZATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2014. 1 LOANS 73 288000 BOOK GRANTS 279 833588 BOOK X X 0 1 0 0 0 0 0 0 0 X INVESTMENT IN JOINT VENTURE 1 500000 FMV OF INVESTMENT 0 1 0 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: CENTRAL SCHOLARSHIP (CS) OFFERS FREE FINANCIAL EDUCATION FOCUSED ON PAYING FOR COLLEGE, TO STUDENTS AND FAMILIES IN MARYLAND THROUGH OUR COLLEGE CASH SERIES. PRESENTATIONS INCLUDE "FINDING MONEY FOR COLLEGE", "MANAGING STUDENT LOANS", AND "PARENT'S GUIDE TO FINDING AND FUNDING COLLEGE". IN THE FY ENDING JUNE 30, 2017, CS STAFF GAVE 5 PRESENTATIONS IN CENTRAL MARYLAND, WITH A TOTAL OF 811 REGISTRANTS, WITH ABOUT A 50% SHOW RATE. THE PRESENTATIONS WERE PROMOTED VIA OUR STATEWIDE OUTREACH DATABASE OF 30,000 CONTACTS, AND VIA OUR SOCIAL MEDIA NETWORK INCLUDING 1,700+ FOLLOWERS ON FACEBOOK AND 4,500+ FOLLOWERS ON TWITTER. THE EXPENSES RELATED TO COLLEGE CASH TOTALED $2,300. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: CENTRAL SCHOLARSHIP (CS) DOES LIMITED ADVOCACY WORK IN MARYLAND, FOCUSED ON SCHOLARSHIP AWARD DISPLACEMENT, WHICH HAPPENS WHEN A UNIVERSITY REDUCES ITS PROMISED INSTITUTIONAL SCHOLARSHIP WHEN A STUDENT RECEIVES A PRIVATE SCHOLARSHIP, FOR EXAMPLE FROM CS. IN THE 2017 STATE LEGISLATIVE SESSION, CS ADVOCATED FOR HB 266 / SB 327, "PUBLIC SENIOR HIGHER EDUCATION INSTITUTIONS - FINANCIAL AID - REDUCTION RESTRICTIONS," WHICH RESTRICTS SCHOLARSHIP AWARD DISPLACEMENT AT PUBLIC UNIVERSITIES IN MARYLAND. THIS BILL PASSED AND WAS SIGNED INTO LAW BY THE GOVERNOR, EFFECTIVE JULY 1, 2017. A CONTRACT LOBBYIST WAS HIRED TO SUPPORT THIS BILL ON BEHALF OF CENTRAL SCHOLARSHIP. IN THE FY ENDING JUNE 30, 2017, EXPENSES FOR ADVOCACY TOTALED $29,300 INCLUDING STAFF TIME, STATE REGISTRATION FEES, TRAVEL EXPENSES, AND CONTRACT LOBBYIST RETAINER. 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 1023 IS AVAILABLE UPON REQUEST. THE ORGANIZATION IS CURRENTLY NOT REQUIRED TO FILE FORM 990-T. 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 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 55290 185756 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 53628 DIVIDENDS RECEIVED LAYDON PARK INC S 1662 INCOME FROM ENTITY