2017-05-11T08:05:01-05:00 2016-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2015-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JAN WAGNER PRESIDENT 4104155558 2017-05-09 1 SCOTT D RODGVILLE CPA P00365285 4103565900 2015 2021-01-29 14:40:06Z CENTRAL SCHOLARSHIP JAN WAGNER 6 PARK CENTER COURT OWINGS MILLS MD 21117 1821681 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD SEE SCHEDULE O. 18 17 11 50 0 0 1350960 1662798 11660 24963 156234 124902 102469 8790 1621323 1821453 750948 722208 0 0 670594 699478 5349 32797 146109 227645 286243 1654536 1740726 -33213 80727 10899331 10510212 109940 28258 10789391 10481954 X CS HELPS LOW-INCOME MARYLANDERS ACHIEVE A BETTER LIFE THROUGH HIGHER EDUCATION BY AWARDING SCHOLARSHIPS AND INTEREST-FREE LOANS AND OFFERING A FINANCIAL EDUCATION SERIES, COLLEGE CASH (R), TO HELP STUDENTS AND PARENTS BECOME INFORMED CONSUMERS OF HIGHER EDUCATION. 0 0 1493154 614783 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. IN THE YEAR ENDING JUNE 30, 2016, CS PROCESSED NEARLY 4,000 APPLICATIONS AND AWARDED $614,783 TO 168 STUDENTS. THE $1,497,996 IN EXPENSES LISTED ABOVE ALSO INCLUDES EXPENSES FOR OUR INTEREST-FREE LOAN AND CAREER TRAINING SCHOLARSHIP PROGRAMS. 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 $311,000 WERE AWARDED TO 85 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2016. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APROXIMATELY $3,000,000 FOR MORE THAN 500 STUDENTS. THE EXPENSES RELATED TO AWARDING AND MANAGING INTEREST-FREE LOANS ARE INCLUDED IN THE $1,497,996 IN SECTION 4A ABOVE. INTEREST-FREE LOANS ARE AWARDED TO STUDENTS PURSUING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL 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. 112267 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. IN THE FISCAL YEAR ENDING JUNE 30, 2016, CENTRAL SCHOLARSHIP (CS) AWARDED $112,267 IN VOCATIONAL SCHOLARSHIPS TO 58 STUDENTS. THE EXPENSES RELATED TO AWARDING CAREER TRAINING SCHOLARSHIPS ARE INCLUDED IN THE $1,493,154 IN SECTION 4A ABOVE. THE MARY RUBIN AND BENJAMIN M. RUBIN SCHOLARSHIP FUND GENERATES BETWEEN 35 AND 40 AWARDS EACH YEAR. 1493154 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 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 18 17 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 X 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 SONIA TENDLER EXECUTIVE COMMITTEE MEMBER 2.00 X 0 0 0 LARRY KAMANITZ SPECIAL APPOINTMENT 2.00 X 0 0 0 RODOLFO BELTRAN DIRECTOR 1.00 X 0 0 0 JERRY FOCAS 1ST VICE CHAIR 2.00 X 0 0 0 VIC BROCCOLINO DIRECTOR 1.00 X 0 0 0 JEAN WYMAN EXECUTIVE COMMITTEE MEMBER 1.00 X 0 0 0 MATT PENATER DIRECTOR 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 JAN WAGNER PRESIDENT 40.00 X 136200 0 13418 136200 0 13418 1 0 0 0 0 1662798 1662798 PROG.SERV.REVENUE-JCS 900099 13303 13303 PROGRAM SERVICE FEES - 900099 11660 11660 24963 58090 58090 66810 230 0 228 66810 2 66812 66812 SALES INCOME RECOVERY 900099 6686 6686 INCOME FROM SUBSIDIARY 900099 2104 2104 8790 1821453 100565 0 58090 722208 722208 567193 440493 47697 79003 25408 19718 2142 3548 64320 48883 5811 9626 42557 32995 3600 5962 22813 14142 8330 341 32797 32797 29147 29147 429 429 3147 2990 157 3630 2723 725 182 23595 19584 3539 472 55564 43340 11113 1111 4330 3594 649 87 36759 28788 764 7207 15165 12587 2275 303 9105 6191 2732 182 OTHER PROGRAM SERVICES 21999 21999 MAINTENANCE CONTRACTS 11317 9231 1968 118 STATIONERY AND PRINTING 7784 6227 1168 389 STRATEGIC PLANNING COST 6197 3098 3099 35262 24787 8950 1525 1740726 1493154 101463 146109 721704 1040425 655678 538139 2652783 2662247 12517 18505 113830 73169 41002 40661 6797713 6210235 17934 0 10899331 10510212 5908 3478 86098 24780 17934 0 109940 28258 X 6349357 5541466 324410 504235 4115624 4436253 10789391 10481954 10899331 10510212 X 80727 -388162 -2 X 0 1 X 1 0 X 1419401 1235244 1378241 1508135 1616619 7157640 1419401 1235244 1378241 1508135 1616619 7157640 7157640 17910 60506 77373 67839 124902 348530 7506170 69623 0.95360 0.96370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 1 0 1 244 1 0 244 0 PART II-B, LINE 1: DURING THE 2016 MARYLAND LEGISLATIVE SESSION, CS SUPPORTED HOUSE BIL 231, CROSS-FILED AS SENATE BILL 313, PUBLIC INSTITUTIONS OF HIGHER EDUCATION - FINANCIAL AID - REDUCTION PROHIBITED. OUR STAFF WROTE LETTERS TO LEGISLATORS, MET WITH LEGISLATORS AND TESTIFIED IN SUPPORT OF THESE BILLS, BOTH IN WRITING AND IN HEARINGS. OUR VOLUNTEERS WROTE LETTERS OF SUPPORT AND ONE TESTIFIED. OUR STAFF GAVE SEVERAL SPEECHES ABOUT THESE BILLS AND WROTE ARTICLES. 0 3792492 320629 4113121 3258855 533637 3792492 3258855 3258855 3256330 2525 3258855 2893377 362953 3256330 0 0 113830 73169 40661 40661 891362 C SECURITIES AND OTHER INVESTMENTS 5318873 F 6210235 1397456 -388162 -388162 1785618 29147 6688 35835 1821453 1704893 0 1704893 29147 6686 35833 1740726 PART XI, LINE 4B - OTHER ADJUSTMENTS: SALES INCOME RECOVERY 6,684. ROUNDING 4. PART XII, LINE 4B - OTHER ADJUSTMENTS: SALES INCOME RECOVERY 6,684. ROUNDING 2. 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, 2012. 0 CLAIR ZAMOISKY SEGAL 4 WEST UNIVERSITY PARKWAY BALTIMORE MD 21218 GENERAL FUNDRAISING 0 943027 32015 911012 943027 32015 911012 1 LOANS 85 311000 BOOK GRANTS 226 722208 BOOK X X 0 1 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 FROM THE MARYLAND ASSOCIATION OF NONPROFIT ORGANIZATIONS (AN OUTSIDE AGENCY), 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 XI, LINE 9: ROUNDING -2. LAYDON PARK INC 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 520787708 RENTAL REAL ESTATE MD C 55862 184094 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 53758 DIVIDENDS RECEIVED LAYDON PARK INC S 2104 INCOME FROM ENTITY