2018-05-15T15:13:16-05:00 2017-06-30 202153727 SB & Company LLC 200 International Cir Suite 5500 Hunt Valley MD 21030 990 2016-07-01 521072250 Baltimore Educational Scholarship Trust BALT 4107522225 808 North Charles Street Baltimore MD 21201 Jessica Suriano Executive Director 4107522225 2018-05-15 1 William A Seymour P00644232 4105840060 2018-05-14 2016 2022-09-23 18:48:47Z Jessica Suriano 808 North Charles Street Baltimore MD 21201 2440804 0 X www.besttrust.org X 1987 MD The Baltimore Educational Scholarship Trust, in partnership with our nineteen 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. 42 42 19 42 0 0 734177 765281 396696 406210 281855 849313 0 0 1412728 2020804 561911 568435 0 0 677864 649218 0 0 135438 280852 328793 1520627 1546446 -107899 474358 9954449 10701065 325422 334369 9629027 10366696 X The Baltimore Educational Scholarship Trust, in partnership with our nineteen 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 1219482 568435 406210 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 school 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. 1219482 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 11 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 MD X Jill Wood 4107522225 808 North Charles Street Baltimore MD 21201 X Alexander Teri Trustee 1.00 X 0 0 0 Berrier Christopher A Board Secretary 2.00 X 0 0 0 Blatti Caroline Trustee 1.00 X 0 0 0 Britton Charles W Trustee 1.00 X 0 0 0 Brune Jean Waller Emeritus 1.00 X 0 0 0 Collins Tiffani S Board Vice President 2.00 X 0 0 0 Dixon W Boulton Trustee 1.00 X 0 0 0 Evins Penny B Trustee 1.00 X 0 0 0 Faus David C Trustee 1.00 X 0 0 0 Finney Redmond CS Emeritus 0.00 X 0 0 0 Ford Tracey H Trustee 1.00 X 0 0 0 Foxworth Domonique Trustee 1.00 X 0 0 0 Harvey III F Barton Emeritus 0.00 X 0 0 0 Hasselbarth Nikki J Trustee 1.00 X 0 0 0 Hathaway Molly M Emeritus 0.00 X 0 0 0 Holcomb-McCoy Dr Cheryl Trustee 1.00 X 0 0 0 Holmgren Andrew Trustee 1.00 X 0 0 0 Hunter David 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 Kirby Alex W Board Treasurer 7/2016-2/2017 1.00 X 0 0 0 Lagarde Douglas Trustee 1.00 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 Paradis Daniel J Trustee 2.00 X 0 0 0 Post Christopher J Trustee 2.00 X 0 0 0 Reid Jr Vernon A Trustee 1.00 X 0 0 0 Roberts Dr Kimberley J Trustee 1.00 X 0 0 0 Rodgers Theo C Emeritus 1.00 X 0 0 0 Rubin The Honorable Julie R Trustee 1.00 X 0 0 0 Schmick John E Board Second Vice President 2.00 X 0 0 0 Shifrin Ben Trustee 1.00 X 0 0 0 Simms Stuart O Board President 4.00 X 0 0 0 Smithwick Ansley D 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 1.00 X 0 0 0 Walsh Maureen E Trustee 1.00 X 0 0 0 Watson Craig S Trustee 1.00 X 0 0 0 Weinfeld Michael J Trustee 2.00 X 0 0 0 Whitehead Pat Trustee 1.00 X 0 0 0 Young Karlo G Board President Elect 4.00 X 0 0 0 Lee Crystal Director of Advancement 40.00 X 87288 0 11578 Stokes Toni Admissions Officer 40.00 X 73016 0 10566 Suriano Jessica Executive Director 40.00 X 112363 0 7329 Wood Jill Director of Finance & Operations 40.00 X 73200 0 12979 345867 0 42452 1 0 0 0 0 765281 765281 School membership fees 900099 396000 396000 Application fees and other 900099 10210 10210 406210 170521 170521 1098792 420000 678792 678792 678792 2020804 406210 0 849313 568435 568435 388319 259598 80816 47905 174797 106781 33807 34209 10745 6268 2259 2218 33886 21532 9553 2801 41471 26956 8709 5806 1478 1035 296 147 15050 10535 3010 1505 36307 25414 7261 3632 38178 18031 5600 14547 29125 20388 5825 2912 56179 39325 11236 5618 5453 5453 14058 14058 14071 8443 4221 1407 Student Prgms/Svcs Expe 85976 85976 Cultivation and Steward 10752 10752 Subscriptions and Membe 8429 5900 1686 843 .edu Project 2376 2376 11361 7036 3189 1136 1546446 1219482 191526 135438 169931 174074 18133 17335 10092 12252 139711 122089 19583 17622 9736710 10479782 9954449 10701065 14613 16815 310809 317554 325422 334369 X 262247 385136 3902233 4517013 5464547 5464547 9629027 10366696 9954449 10701065 474358 263311 0 X X 0 1 X 1 0 X 716939 713162 739089 734177 765281 3668648 716939 713162 739089 734177 765281 3668648 347961 3320687 208585 266757 164662 176055 170521 986580 4655228 1954380 0.71330 0.71380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8978486 1093243 459904 9611825 9459905 -29111 452308 8978486 9689524 183614 413233 9459905 8671007 1424701 406184 9689524 8153932 907024 389949 8671007 0.56850 0.43150 0 0 139711 122089 17622 17622 Money market funds 1047841 F Domestic US Stocks/Funds 5119946 F International Stocks/Funds 1403796 F Fixed Income 2908199 F 10479782 Distributions payable to schools 316800 Capital Lease 754 317554 X 2284115 263311 263311 2020804 0 2020804 1546446 0 1546446 0 1546446 Part X, Line 2: Under the provisions of the Internal Revenue Code, B.E.S.T. is exempt from federal and state income taxes as a charitable organization under Internal Revenue Code Section 501(c)(3). B.E.S.T. files information returns in the U.S. federal jurisdiction and is no longer subject to tax examinations by tax authorities for years before 2014. There are no interest and penalties related to income taxes recognized in the financial statements as of June 30, 2017 and 2016. B.E.S.T. has not taken any tax positions that would significantly increase or decrease any unrecognized tax benefit within twelve months of the reporting date. 1 Gilman School Inc 5407 Roland Ave Baltimore MD 21210 520591604 501(c)(3) 48482 Annual Fund Gift, Chick Lord Scholar, SHDF and 2 Emergency Fund grants St Paul's School 11152 Falls Rd Brooklandville MD 21022 520591463 501(c)(3) 43850 Annual Fund Gift, Stanley I. Panitz Award, SHDF, and 2 Emergency Fund grants The Jemicy School Inc 11 Celadon Rd Owings Mills MD 21117 520976194 501(c)(3) 43152 Annual Fund Gift, Chick Lord Scholar, SHDF, and 1 Emergency Fund grant Bryn Mawr School 109 W Melrose Ave Baltimore MD 21210 520258140 501(c)(3) 41178 Annual Fund Gift, SHDF, and 2 Emergency Fund grants Roland Park Country School Inc 5204 Roland Ave Baltimore MD 21210 520591631 501(c)(3) 40157 Annual Fund Gift, 1 Gap Funding Grant, SHDF, and 1 Emergency Fund grant The Boys' Latin School of Maryland 822 W Lake Ave Baltimore MD 21210 520735085 501(c)(3) 37603 Annual Fund Gift, SHDF, and 1 Emergency Fund grant The Park School of Baltimore PO Box 8200 Brooklandville MD 21022 520591625 501(c)(3) 34386 Annual Fund Gift, SHDF, and 4 Emergency Fund grants Garrison Forest School Inc 300 Garrison Forest Rd Owings Mills MD 21117 520591516 501(c)(3) 33629 Annual Fund Gift, SHDF, and 1 Emergency Fund grant St Paul's School for Girls Inc 11232 Falls Rd Brooklandville MD 21022 520709497 501(c)(3) 33340 Annual Fund Gift, SHDF, and 2 Emergency Fund grants McDonogh School PO Box 380 Owings Mills MD 21117 526001577 501(c)(3) 31826 Annual Fund Gift, Stanley I. Panitz Award, SHDF, and 1 Emergency Fund grant Friends School of Baltimore Inc 5114 North Charles St Baltimore MD 21210 520591602 501(c)(3) 30967 Annual Fund Gift, SHDF, and 1 Emergency Fund grant Calvert School Inc 105 Tuscany Rd Baltimore MD 21210 520591510 501(c)(3) 26629 Annual Fund Gift, SHDF, and 1 Emergency Fund grant Maryvale Preparatory School 11300 Falls Rd Lutherville MD 21093 521160935 501(c)(3) 24907 Annual Fund Gift, SHDF, 2 Gap Funding grants, SHDF, and 1 Emergency grant Severn School Inc 201 Water St Severna Park MD 211464599 520591466 501(c)(3) 19332 Annual Fund Gift and SHDF Oldfields School Inc 1500 Glencoe Rd Glencoe MD 21152 520591645 501(c)(3) 19068 Annual Fund Gift, SHDF, and 1 Emergency Fund grant Key School Inc 543 Hillsmere Dr Annapolis MD 21403 520701774 501(c)(3) 18466 Annual Fund Gift and SHDF The Waldorf School of Baltimore Inc 4801 Tamarind Rd Baltimore MD 21209 237305478 501(c)(3) 18199 Annual Fund Gift, SHDF, and 1 Gap Funding grant Corporation of St Timothy's School 8400 Greenspring Ave Stevenson MD 21153 520591488 501(c)(3) 15266 Annual Fund Gift and SHDF 18 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 Stanley I Panitz Award, 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. The funds may not be used to supplement tuition. 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 current tuition for the Chick Lord Scholar. There was one Chick Lord Scholar for fiscal year 2017. The Chick Lord Scholar attended Gilman School for the first half of the school year and then transferred to Jemicy School in January for the second half of the school year. 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 Stanley I. Panitz Leadership Award is presented annually to 2 students selected from the entire pool of B.E.S.T. juniors attending our member schools. Students are nominated to receive the Stanley I. Panitz Leadership Award by their Head of School during the second semester of their junior year. The recipients of the award are one B.E.S.T. young woman and one B.E.S.T. young man, in recognition of their academic achievement and demonstrated leadership in both their school and the broader Baltimore community. The award is a $1,000 directed gift from the Stanley I. Panitz Leadership Fund of B.E.S.T. to each recipient's independent school to be applied to the family contribution of their student's senior year tuition. 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 Finance and 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 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 trustee forms are stored at B.E.S.T. in the Trustee's individual 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. The Board President and Executive Committee reviewed the salary of the Executive Director. The Executive Director reviewed the salary for the Admissions Officer I, the Admissions Officer II, the Director of Finance and Operations, the Director of Advancement, the Executive Associate, the Associate of External Relations, and the Director of Programs and Alumni Relations. 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 VII Contact Addresses for Officers, Directors, Etc: Alexander, Teri 216 Ridgewood Road Baltimore, MD 21210 Berrier, Christopher A. 240 Hopkins Lane Owings Mills, MD 21117 Blatti, Caroline 5204 Roland Avenue Baltimore, MD 21210 Britton, Charles W. 8600 McDonogh Rd Owings Mills, MD 21117 Brune, Jean Waller 6 Upland Road, Apt. F4 Baltimore, MD 21210 Collins, Tiffani S. 5876 Pimlico Road Baltimore, MD 21209 Dixon, W. Boulton 509 Whithorn Court Lutherville, MD 21093 Evins, Penny B. 11232 Falls Rd Brooklandville, MD 21022 Faus, David C. 11152 Falls Rd, P.O. Box 8100 Brooklandville, MD 21022 Finney, Redmond C.S. 15601 Dover Rd Upperco, MD 21155 Ford, Tracey H. 11300 Falls Rd Lutherville MD 21093 Hathaway, Molly 6525 Montrose Ave. Baltimore, MD 21212 Hasselbarth, Nikki J. 2049 Century Park East, Suite 2300 Los Angeles, CA 90067 Holcomb-McCoy, Dr. Cheryl 4400 Massachusetts Ave. NW Washington, DC 20016 Holmgren, Andrew 105 Tuscany Rd Baltimore, MD 21210 Hunter, David 901 S. Bond St, Suite 400 Baltimore MD 21231 Hurley, Cheo D. 3707 Edgewood Rd Baltimore, MD 21215 Hutchins, Diane 103 Stone Point Dr, Unit 373 Annapolis, MD 21401 Lagarde, Douglas 201 Water St Severna Park, MD 21146 Micciche, Matthew W. 5114 N. Charles St Baltimore, MD 21210 Nespole, Matthew 534 Hillsmere Dr Annapolis, MD 21403 Owen, Lee S. 96 Lighthouse Dr Jupiter, FL 33469 Paradis, Daniel J. P.O. Box 8200 Brooklandville, MD 21022 Post, Christopher J. 822 West Lake Ave Baltimore, MD 21210 Rodgers, Theo C. 1040 Park Ave, Suite 300 Baltimore, MD 21201 Rubin, The Honorable Julie R. 111 North Calvert Street Baltimore, MD 21202 Schmick, John E. 6432 Cloister Gate Dr Baltimore, MD 21212 Shifrin, Ben 11202 Garrison Forest Rd Owings Mills, MD 21117 Simms, Stuart O. 120 E. Baltimore St, Suite 1700 Baltimore, MD 21202 Smithwick, Ansley D. 1500 Glencoe Road, P.O. Box 697 Glencoe, MD 21152 Smyth, Henry, P.A. 5407 Roland Ave Baltimore, MD 21210 Snyder, Lawrence 3119 Royston Ave Baltimore, MD 21214 Staley, Annie 1300 Berwick Road Baltimore, MD 21204 Stevens, Randy S. 8400 Greenspring Ave Stevenson, MD 21153 Sweeney, Martha H. 3257 Bridle Ridge Lane Stevenson, MD 21153 Timken, John H. 3111 Gold Course West Owings Mills, MD 21117 Walsh, Maureen E. 19 Tudor Court Lutherville, MD 21093 Watson, Craig S. 6325 Kerne Court Clarksville, MD 21029 Weinfeld, Michael J. P.O. Box 251 Brooklandville , MD 21022 Whitehead, Pat 4801 Tamarind Rd Baltimore, MD 21209 Young, Karlo G. 3511 Stoney Creek Court Owings Mills, MD 21117 Form 990, Part XII, Line 2c: The process has not changed from the prior year.