2014-05-07T14:32:39-05:00 2013-06-30 202153727 SB & Company LLC 200 International Cir Suite 5500 Hunt Valley MD 21030 990 2012-07-01 521072250 Baltimore Educational Scholarship Trust BALT 4107522225 808 North Charles Street Baltimore MD 21201 Amy John 4107522225 2014-05-07 1 William Seymour P00644232 4105840060 2014-05-02 2012 2015-11-30 17:44:51Z Amy John 808 North Charles Street Baltimore MD 21201 5720167 0 X www.besttrust.org X 1987 MD The Baltimore Educational Scholarship Trust, in partnership with our nineteen independent member schools, recruits and supports throughout 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 throughout academic preparation, character and leadership development and support programs. 44 44 15 15 0 0 689580 716939 378719 389267 364536 208585 0 0 1432835 1314791 553244 600768 0 0 568606 562684 0 0 165480 227973 229001 1349823 1392453 83012 -77662 8752228 9383544 301269 311578 8450959 9071966 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 1076629 600768 389267 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. 1076629 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 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 9 0 15 1 0 0 0 0 0 0 0 0 0 0 X 44 44 1 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 Eric S Adler 1.00 X 0 0 0 Teri Alexander 1.00 X 0 0 0 Jason S Bennett 1.00 X 0 0 0 Chris Berrier 4.00 X 0 0 0 Andy Brooks 1.00 X 0 0 0 Kimberly H Cashman 4.00 X 0 0 0 Tiffani S Collins 1.00 X X 0 0 0 Cheo D Hurley 1.00 X 0 0 0 W Boulton Dixon 4.00 X X 0 0 0 Brian C Doak 1.00 X 0 0 0 Redmond CS Finney 0.00 X 0 0 0 Michael C Ford 1.00 X 0 0 0 Domonique Foxworth 1.00 X 0 0 0 Molly M Hathaway 0.00 X 0 0 0 David Hunter 1.00 X 0 0 0 Charles E Knudsen III 1.00 X 0 0 0 Crystal A Lee 4.00 X 0 0 0 Lee S Owen 1.00 X 0 0 0 Michael A Ray 1.00 X 0 0 0 Vernon A Reid Jr 1.00 X 0 0 0 Theo C Rodgers 1.00 X 0 0 0 Stuart O Simms 4.00 X X 0 0 0 Lawrence Snyder 4.00 X X 0 0 0 Anne Staley 1.00 X 0 0 0 John H Timken 1.00 X 0 0 0 Michael J Weinfeld 1.00 X 0 0 0 Thomas P Perkins III 0.00 X 0 0 0 F Barton Harvey III 0.00 X 0 0 0 Grant L Jacks III 0.00 X 0 0 0 Christopher J Post 1.00 X 0 0 0 Maureen E Walsh 1.00 X 0 0 0 Dr Andrew D Martire 1.00 X 0 0 0 Jay Scheurle 1.00 X 0 0 0 Matthew W Micciche 1.00 X 0 0 0 G Peter O'Neill Jr 1.00 X 0 0 0 John E Schmick 1.00 X 0 0 0 Ben Shifrin 1.00 X 0 0 0 Marcella Yedid 1.00 X 0 0 0 Tracey H Ford 1.00 X 0 0 0 Charles W Britton 1.00 X 0 0 0 Martha H Sweeney 1.00 X 0 0 0 Taylor Smith 1.00 X 0 0 0 Dan Paradis 1.00 X 0 0 0 Jean W Brune 1.00 X 0 0 0 Thomas J Reid 1.00 X 0 0 0 Lila Lohr 1.00 X 0 0 0 Randy S Stevens 1.00 X 0 0 0 Douglas Lagarde 1.00 X 0 0 0 Edward Meade 1.00 X 0 0 0 Amy John 40.00 X 96000 0 5820 Jill E Wood 40.00 X 64868 0 8683 Toni N Stokes 40.00 X 66868 0 8803 Jessica Suriano 40.00 X 96000 0 6261 323736 0 29567 0 0 0 0 0 716939 716939 School membership fees 900099 379197 379197 Application fees and other 900099 10070 10070 389267 208971 208971 4404990 4405376 -386 -386 -386 1314791 389267 0 208585 600768 600768 359874 205647 68177 86050 96190 54967 18223 23000 27240 15616 5502 6122 41011 23510 8284 9217 38369 21996 7750 8623 510 342 92 76 13600 9112 2448 2040 9846 6597 1772 1477 31852 17282 5889 8681 18445 12358 3320 2767 51923 36346 10385 5192 1017 610 305 102 13812 13812 5853 3512 1756 585 Student Prgms/Svcs Expe 62198 62198 Cultivation and steward 10191 10191 Miscellaneous 9754 5768 2629 1357 1392453 1076629 150344 165480 51082 76256 107132 83030 11017 15538 118259 79009 30257 39250 8552740 9169470 8752228 9383544 6747 2686 294522 308892 301269 311578 X 15245 77610 2971167 3529809 5464547 5464547 8450959 9071966 8752228 9383544 -77662 698669 0 X X 0 1 X 1 0 X 611079 521026 800607 689580 716939 3339231 611079 521026 800607 689580 716939 3339231 3339231 192821 140504 132367 128481 208585 802758 4141989 1967517 0.80620 0.79970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8153932 907024 389949 8671007 8929574 123853 899495 8153932 7766840 1562237 399503 8929574 7488957 784730 369030 137817 7766840 8955398 5000 -1081983 389458 7488957 0.63020 0.36980 0 0 118259 79009 39250 39250 Money market funds 684482 F Domestic US Stocks/Funds 4238519 F International Stocks/Funds 1602922 F Fixed Income 2643547 F 9169470 Distributions payable to schools 303358 Capital Lease 5534 308892 2013460 698669 698669 1314791 0 1314791 1392453 0 1392453 0 1392453 1 The Boys' Latin School of Maryland 822 W Lake Avenue Baltimore MD 21210 520735085 501(c)(3) 25806 Annual Fund gift, 1 Emergency Fund grant, and SHDF gift. Calvert School Inc 105 Tuscany Road Baltimore MD 21210 520591510 501(c)(3) 21119 Annual Fund gift, SHDF gift, and 1 Emergency Fund grant. Chesapeake Academy 1185 Baltimore Annapolis Blvd Arnold MD 210121808 521190025 501(c)(3) 29222 Tuition for the School's Endowed Scholar, Annual Fund gift, and 1 SHDF gift. Friends School of Baltimore Inc 5114 North Charles Street Baltimore MD 21210 520591602 501(c)(3) 38579 Annual Fund gift, 3 Gap Funding, SHDF gift, and 1 Emergency Fund grant. Garrison Forest School Inc 300 Garrison Forest Road Owings Mills MD 21117 520591516 501(c)(3) 19966 Annual Fund gift and SHDF gift. Gilman School Inc 5407 Roland Avenue Baltimore MD 21210 520591604 501(c)(3) 42015 Tuition for the School's Chick Lord Endowed Scholar, Annual Fund gift, and SHDF gift. The Jemicy School Inc 11 Celadon Road Owings Mills MD 21117 520976194 501(c)(3) 14713 Annual Fund gift and SHDF gift. Key School Inc 543 Hillsmere Drive Annapolis MD 21403 520701774 501(c)(3) 35052 Tuition for School's Endowed Scholar, Annual Fund gift, and SHDF gift. Maryvale Preparatory School 11300 Falls Road Brooklandville MD 21022 521160935 501(c)(3) 26397 Annual Fund gift, SHDF gift, and 2 Emergency Fund grants. McDonogh School PO Box 380 Owings Mills MD 211170380 526001577 501(c)(3) 41650 Tuition for the School's Endowed Scholar, Annual Fund gift, and SHDF gift. Oldfields School Inc 1500 Glencoe Road Glencoe MD 21152 520591645 501(c)(3) 13156 Annual Fund gift and SHDF gift. Roland Park Country School Inc 5204 Roland Avenue Baltimore MD 21210 520591631 501(c)(3) 52460 Tuition for the School's Endowed Scholar, Annual Fund gift, SHDF gift, and 2 Emergency Fund grants. Severn School Inc 201 Water Street Severna Park MD 211464599 520591466 501(c)(3) 15680 Annual Fund gift and SHDF gift. St Paul's School 11152 Falls Road Brooklandville MD 21022 520591463 501(c)(3) 45353 Tuition for the School's Endowed Scholar, Annual Fund gift, SHDF gift, and 1 Emergency Fund grant. St Paul's School for Girls Inc 11232 Falls Road Brooklandville MD 21022 520709497 501(c)(3) 49717 Tuition for School's Endowed Scholar, Annual Fund gift, SHDF gift, and one grant from donor toward specified student's tuition. Corporation of St Timothy's School 8400 Greenspring Ave Stevenson MD 21153 520591488 501(c)(3) 13624 Annual Fund gift and SHDF gift. The Byrn Mawr School for Girls of Baltimore City 109 W Melrose Ave Baltimore MD 21210 520258140 501(c)(3) 33451 Annual Fund gift, SHDF gift, and 2 Emergency Fund grants. The Park School of Baltimore PO Box 8200 Brooklandville MD 21022 520591625 501(c)(3) 59599 Tuition for the School's 2 Endowed Scholars, Annual Fund gift, SHDF gift, and 1 Emergency Fund grant. The Waldorf School of Baltimore Inc 4801 Tamarind Road Baltimore MD 21209 237305478 501(c)(3) 14372 Annual Fund gift and SHDF gift. 19 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: When B.E.S.T. provides grants for Endowed Scholars, Gap Funding, Emergency Funding, Annual Fund gifts and School Head Discretionary Fund, they send a check and a letter to each of the schools. The letter states the intended use of the money being sent to the school. Annual Fund gifts are given to the schools. The school uses these funds toward their financial aid for students. The Annual Fund gift letters state the amount of the grant awarded to each school and that it is directed toward the school's financial aid budget. Endowed Scholars gifts are given to the schools. B.E.S.T. pays 75% of the current tuition for the Endowed Scholar. There are 9 Endowed Scholars. The Endowed Scholar at Gilman School, Inc., is called the Chick Lord Scholar. B.E.S.T. would have received the name of the Endowed Scholar from the school previously, so the student's name is included in the grant letter. Emergency Funds are given to schools. These funds are for students currently enrolled who run into financial difficulties. The requests come from the students' school. This is a one-time request. Emergency Fund grant letters state the amount and the student's name. The fund allows students to remain enrolled at their school. Gap Funds are a one-time grant to member schools. These grants help a new applicant get enrolled. B.E.S.T. pays a part of the tuition to help the new applicant get enrolled 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 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. Copies of the checks and the grant letters sent to the school are maintained in files in B.E.S.T.'s finance department. Form 990, Part VI, Section A, line 2 Charles Knudsen, a trustee, is the husband of Ellen Knudsen, a part time staff member at B.E.S.T. Form 990, Part VI, Section B, line 11 A copy of the Form 990 is distributed to the finance and audit committee where they review 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 and key employees are required each year to sign the conflict of interest policy. The returned forms are stored at B.E.S.T. in the Trustee's individual files in the executive office. The conflict of interest for the key employees are stored in the personnel files of the individuals. If a conflict exists, the Executive Director would review with the Board President. 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 Director, the Assistant Director of Admissions, the Manager of Finance and Operations, the Director of Development, the Development Associate and the Admissions Associate. The review process for fiscal year 2013 occurred during the first quarter of 2012. 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. Contact Addresses for Officers, Directors, Etc Form 990, Part VII Eric S. Adler - 1776 Massachusetts Ave NW, Suite 600, Washington, DC 20036. Teri Alexander - 216 Ridgewood Road, Baltimore , MD 21210. Jason S. Bennett - Legg Mason - 100 International Drive, Baltimore , MD 21202. Chris Berrier - 240 Hopkins Lane, Owings Mills, MD 21117. Andy Brooks - 919 Bellemore Road, Baltimore , MD 21210. Kimberly H. Cashman - 1406 Walnut Hill Lane, Townson, MD 21204. Tiffani S. Collins - 5876 Pimlico Road, Baltimore , MD 21209. Cheo D. Hurley - 3707 Edgewood Road, Baltimore , MD 21215. W. Boulton Dixon - 509 Whithorn Court, Lutherville, MD 21093. Brian C. Doak - The Murray Group - 307 International Circle, 4th Floor, Hunt Valley, MD 21031. Redmond C.S. Finney - Landslide Farm - 15601 Dover Road, Upperco, MD 21155. Michael C. Ford - 20 Buchanan Road, Baltimore , MD 21212. Domonique Foxworth - 3513 Anton Farms Road, Pikeville, MD 21208. Molly M. Hathaway - 6525 Montrose Avenue, Baltimore , MD 21212. David Hunter - 901 S. Bond Street, Suite 400, Baltimore , MD 21231. Charles E. Knudsen, III - T. Rowe Price Associates, Inc. - 100 E. Pratt St, Baltimore , MD 21202. Crystal A. Lee - Garrison Forest School - 300 Garrison Forest Road, Owings Mills, MD 21117. Lee S. Owen - P.O. Box 191, Gibson Island, MD 21056. Michael A. Ray - 1 Aston Court, Owings Mills, MD 21117. Vernon A. Reid, Jr. - 100 E. Pratt Street, 7th Floor, Baltimore , MD 21202. Theo C. Rodgers - A & R Development Corp. - 1040 Park Avenue, Suite 300, Baltimore , MD 21201. Stuart O. Simms - 120 E. Baltimore Street, Suite 1700, Baltimore , MD 21202. Lawrence Snyder - 4801 Tamarind Road, Baltimore , MD 21209. Anne Staley - 22 Buchanan Road, Baltimore , MD 21212. John H. Timken - 13827 Lakeside Drive, Clarksville, MD 20129. Michael J. Weinfeld - P.O. Box 251, Brooklandville, MD 21022. Thomas P. Perkins, III - Roland Park Place - 840 East 40th Street, Baltimore , MD 21211. F. Barton Harvey III - 10227 Wincopin Circle, Columbia, MD 21044. Grant L. Jacks, III - 529 Overbrook Road, Baltimore , MD 21212. Christopher J. Post - 822 West Lake Avenue, Baltimore , MD 21210. Maureen E. Walsh - 109 West Melrose Avenue, Baltimore , MD 21210. Dr. Andrew D. Martire - 105 Tuscany Road, Baltimore , MD 21210. Jay Scheurle - 1185 Baltimore Annapolis Blvd., Arnold, MD 21012. Matthew W. Micciche - 5114 N. Charles Street, Baltimore , MD 21210. G. Peter O'Neill, Jr. - 300 Garrison Forest Road, Owings Mills, MD 21117. John E. Schmick - 5407 Roland Avenue, Baltimore , MD 21210. Ben Shifrin - 11202 Garrison Forest Road, Owings Mills, MD 21117. Marcella Yedid - 534 Hillsmere Drive, Annapolis, MD 21403. Tracey H. Ford - 11300 Falls Road, Brooklandville, MD 21022. Charles W. Britton - 8600 McDonogh Road, Owings Mills, MD 21117. Martha H. Sweeney - 3257 Bridle Ridge Lane, Stevenson, MD 21153. Taylor Smith - 1500 Glencoe Road/P.O. Box 697, Glencoe, MD 21152. Dan Paradis - P.O. Box 8200, Brooklandville, MD 21022. Jean W. Brune - 5204 Roland Avenue, Baltimore , MD 21210. Thomas J. Reid - 11152 Falls Road/P.O. Box 8100, Brooklandville, MD 21022. Lila Lohr - 11232 Falls Road, Brooklandville, MD 21022. Randy S. Stevens - 8400 Greenspring Avenue, Stevenson, MD 21153. Douglas Lagarde - 201 Water Street, Severna Park, MD 21146. Edward Meade - 4801 Tamarind Road, Baltimore , MD 21209. Form 990, Part XII, Line 2c: The process has not changed from prior year.