2016-04-07T10:41:43-05:00 2015-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2014-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT SUITE 211 OWINGS MILLS MD 21117 JAN WAGNER PRESIDENT 4104155558 2016-03-07 1 SCOTT D RODGVILLE CPA P00365285 4103565900 2014 2016-08-17 19:52:53Z CENTRAL SCHOLARSHIP JAN WAGNER 6 PARK CENTER COURT OWINGS MILLS MD 21117 1750945 0 X WWW.CENTRAL-SCHOLARSHIP.ORG X 1924 MD SEE SCHEDULE O. 18 17 10 45 0 0 1378241 1405626 11000 11660 145488 156234 -6262 108578 1528467 1682098 736113 750948 0 0 635217 670594 12032 5349 172361 248014 288420 1631376 1715311 -102909 -33213 10933663 10899331 51954 109940 10881709 10789391 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 (TM), TO HELP STUDENTS AND PARENTS BECOME INFORMED CONSUMERS OF HIGHER EDUCATION. 0 0 1442153 469063 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, 2015, CS PROCESSED NEARLY 4,000 APPLICATIONS AND AWARDED $469,063 TO 154 STUDENTS. THE $1,442,153 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 $279,000 WERE AWARDED TO 75 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2015. 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 $1,442,153 IN SECTION 4A ABOVE. 281885 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, 2015, CENTRAL SCHOLARSHIP (CS) AWARDED $281,885 IN VOCATIONAL SCHOLARSHIPS TO 126 STUDENTS. THE EXPENSES RELATED TO AWARDING CAREER TRAINING SCHOLARSHIPS ARE INCLUDED IN THE $1,442,153 IN SECTION 4A ABOVE. THE MARY RUBIN AND BENJAMIN M. RUBIN SCHOLARSHIP FUND GENERATES BETWEEN 35 AND 40 AWARDS EACH YEAR. 1442153 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 18 17 1 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 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 1ST VICE CHAIR 2.00 X 0 0 0 PEGGY HELLER 2ND VICE CHAIR 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 SECRETARY 2.00 X 0 0 0 LARRY KAMANITZ CAMPAIGN CHAIR 2.00 X 0 0 0 RODOLFO BELTRAN DIRECTOR 1.00 X 0 0 0 JERRY FOCAS FIRST VICE CHAIR 2.00 X 0 0 0 RON DIGGS DIRECTOR 1.00 X 0 0 0 VIC BROCCOLINO DIRECTOR 1.00 X 0 0 0 JEAN WYMAN DIRECTOR 1.00 X 0 0 0 LIDIA PAZ-BAKER DIRECTOR 1.00 X 0 0 0 MATT PENATER DIRECTOR 1.00 X 0 0 0 SUSAN SILBERMAN DIRECTOR 1.00 X 0 0 0 SAM HIMMELRICH DIRECTOR 1.00 X 0 0 0 JOANIE YOUNG DIRECTOR 1.00 X 0 0 0 JAN WAGNER PRESIDENT 40.00 X X 125050 0 6693 125050 0 6693 1 0 0 0 0 1405626 1405626 PROGRAM SERVICE FEES - 900099 11660 11660 11660 66014 66014 90651 0 431 90651 -431 90220 90220 170925 68416 102509 102509 SALES INCOME RECOVERY 900099 4244 4244 LOSS FROM SUBSIDIARY 900099 1813 1813 MISCELLANEOUS INCOME 900099 12 12 6069 1682098 107949 0 168523 750948 750948 538474 413849 44396 80229 26918 20739 2201 3978 61969 46235 5605 10129 43233 33221 3567 6445 23675 12877 10488 310 5349 5349 30147 30147 330 330 220 209 11 4318 3239 863 216 22737 18872 3410 455 47857 37328 9572 957 2485 2063 372 50 75032 11930 1536 61566 12449 10333 1867 249 8479 5766 2543 170 STATIONERY AND PRINTING 13415 10732 2012 671 MAINTENANCE CONTRACTS 7696 6305 1292 99 BANK SERVICE CHARGES 7530 6250 1129 151 MEMBERSHIP AND PUBLICAT 5672 5672 26378 20780 4272 1326 1715311 1442153 100797 172361 777880 721704 992282 655678 2689831 2652783 8168 12517 126462 85460 31725 41002 6415795 6797713 17982 17934 10933663 10899331 23929 5908 10043 86098 17982 17934 51954 109940 X 6888915 6349357 410807 324410 3581987 4115624 10881709 10789391 10933663 10899331 -33213 -59105 0 X 0 1 X 1 0 X 1013868 1419401 1235244 1378241 1508135 6554889 1013868 1419401 1235244 1378241 1508135 6554889 6554889 23311 17910 60506 77373 67839 246939 6801828 55660 0.96370 0.84510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3258855 533637 3792492 3258855 3258855 3256330 2525 3258855 2893377 362953 3256330 2633682 259695 2893377 0 0 126462 85460 41002 41002 889258 C SECURITIES AND OTHER INVESTMENTS 5908455 F 6797713 DEFERRED COMPENSATION PAYABLE 17934 17934 1588602 -59105 -59105 1647707 30147 4244 34391 1682098 1680920 0 1680920 30147 4244 34391 1715311 PART XI, LINE 4B - OTHER ADJUSTMENTS: SALES INCOME RECOVERY 4,244. PART XII, LINE 4B - OTHER ADJUSTMENTS: SALES INCOME RECOVERY 4,244. ROUNDING 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. STUDENT AWARD CEREMONY 3750 3750 976 COLLEGE CASH 10000 10000 6665 1 157175 157175 60775 170925 170925 68416 68416 102509 1 LOANS 75 279000 BOOK GRANTS 280 750948 BOOK X X 0 1 0 0 0 0 0 0 0 JAN WAGNER PRESIDENT FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION HAS A REVOCABLE REMAINDER INTEREST IN THE SILBERMAN TRUST, FOR WHICH SUSAN SILBERMAN, A BOARD MEMBER, HAS A LIFETIME INTEREST IN THE TRUST. THE MAIN HOLDING OF THE TRUST IS 30% OF THE STOCK OF LAYDON PARK, INC., FOR WHICH CSB HOLDS THE REMAINING 70% OF THE STOCK. 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. LAYDON PARK INC 6 PARK CENTER COURT OWINGS MILLS MD 21117 520787708 RENTAL REAL ESTATE MD C 55224 181398 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 LAYDON PARK INC S 53411 DIVIDENDS RECEIVED