2013-05-02T13:30:19-05:00 2012-06-30 521231901 GORFINE SCHILLER & GARDYN PA 10045 RED RUN BLVD SUITE 250 OWINGS MILLS MD 21117 990 2011-07-01 526012589 THE CENTRAL SCHOLARSHIP BUREAU INC CENT 4104155558 6 PARK CENTER COURT NO 211 OWINGS MILLS MD 21117 JAN WAGNER 4104155558 2013-04-26 1 SCOTT D RODGVILLE CPA P00365285 4103565900 2011 2016-02-25 16:41:14Z X JAN WAGNER 6 PARK CENTER COURT OWINGS MILLS MD 21117 1579692 0 X WWW.CENTRALSB.ORG X 1924 MD SEE SCHEDULE O. 18 18 12 25 0 0 982700 1404468 11000 11000 124517 148354 251 600 1118468 1564422 763818 859907 0 0 479056 535825 36120 36079 136234 191893 192395 1470887 1624206 -352419 -59784 10079519 9887837 57289 71845 10022230 9815992 X CENTRAL SCHOLARSHIP BUREAU (CSB) IS A NON-PROFIT ORGANIZATION THAT AWARDS SCHOALRSHIPS AND INTEREST-FREE LOANS TO STUDENTS PURSUING HIGHER EDUCATION. THROUGH CSB, STUDENTS LEARN HOW TO AFFORD THE POSTSECONDARY EDUCATION AND TRAINING THEY NEED TO FULFILL THEIR CAREER POTENTIAL. CSB BELIEVES THAT EDUCATION IS RIGHT, NOT A PRIVILEGE. SINCE 1924, THE ORGANIZATION HAS BEEN COMMITTED TO EMPOWERING STUDENTS TO GO HIGHER. 1 0 1414639 704240 CENTRAL SCHOLARSHIP BUREAU (CSB) PROVIDES SCHOLARSHIPS AND EDUCATIONAL INTEREST FREE LOANS TO STUDENTS PURSUING COLLEGE, PROFESSIONAL EDUCATION, OR VOCATIONAL TRAINING WHO QUALIFY BASED ON FINANCIAL NEED. CSB ALSO MANAGES SCHOLARSHIP PROGRAMS FOR OTHER ORGANIZATIONS. ONE HUNDRED PERCENT OF EVERY DOLLAR DONATED SPECIFICALLY FOR LOANS OR GRANTS GOES TO THE STUDENT. DURING 2012, CSB PROCESSED ABOUT 5,400 STUDENT APPLICATIONS AND COMMITTED ABOUT $1 MILLION TO ABOUT 250 STUDENTS. ADDITIONALLY, CSB MANAGED ABOUT $3 MILLION IN INTEREST-FREE LOANS FOR APPROXIMATELY 550 STUDENTS. THE INTEREST FREE LOAN PROGRAM WAS ESTABLISHED TO PROVIDE LOANS TO STUDENTS. LOANS OF $377,000 WERE PROVIDED TO 81 STUDENTS. 115167 THE ABELL FOUNDATION GRANT PROGRAM WAS ESTABLISHED TO PROVIDE BALTIMORE CITY RESIDENTS, PARTICULARLY AFRICAN AMERICAN MALES, WITH ACCESS TO CERTIFICATE TRAINING PROGRAMS. 40500 THE MARY RUBIN AND BENJAMIN M. RUBIN SCHOLARSHIP FUND GENERATES BETWEEN 35 AND 40 AWARDS EACH YEAR. 40500 1414639 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 4 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X X JAN WAGNER 4104155558 6 PARK CENTER COURT OWINGS MILLS MD 21117 MICHAEL WARD 2.00 X 0 0 0 PEGGY HELLER 2.00 X 0 0 0 JANE ABRAHAM 2.00 X 0 0 0 MARY SHOCK 2.00 X 0 0 0 DAVE RICHARDSON 2.00 X 0 0 0 SONIA TENDLER 2.00 X 0 0 0 LARRY KAMANITZ 2.00 X 0 0 0 RUSS CAUSEY 1.00 X 0 0 0 HARRY KASSAP 1.00 X 0 0 0 SANFORD SIEGEL 1.00 X 0 0 0 SUSAN SILBERMAN 1.00 X 0 0 0 LIDIA PAZ-BAKER 1.00 X 0 0 0 DEBORAH ROBINSON 1.00 X 0 0 0 JEAN WYMAN 1.00 X 0 0 0 RON DIGGS 1.00 X 0 0 0 ROSALINDA DELGADO 1.00 X 0 0 0 IRA WAGNER 1.00 X 0 0 0 JAN WAGNER 40.00 X X 103200 0 6590 103200 0 6590 1 0 0 0 0 4739 1399729 1404468 PROGRAM SERVICE FEES - 900099 11000 11000 11000 70547 70547 78144 0 337 78144 -337 77807 77807 14933 4739 14933 0 SALES INCOME RECOVERY 900099 600 600 600 1564422 89407 0 70547 859907 859907 441671 327856 36678 77137 19577 14572 1576 3429 37456 27774 3161 6521 37121 27555 3083 6483 12588 10448 1888 252 36079 36079 24655 24655 470 470 940 893 47 3768 2826 754 188 16472 13672 2471 329 37282 29080 7456 746 1042 865 156 21 6828 2509 1825 2494 11327 9401 1699 227 5675 3859 1702 114 WEBSITE EXPENSES 23375 23375 STATIONERY AND PRINTING 9581 9581 OTHER PROGRAM SERVICES 7591 7591 TELEPHONE 4281 4281 26520 13469 10884 2167 1624206 1414639 73333 136234 828086 790103 1597300 1041163 2494954 2588814 7296 9950 80202 57184 26722 23018 5103430 5412720 21731 22069 10079519 9887837 35830 36050 2835 10333 18624 25462 57289 71845 X 5410790 5521489 1718063 1038173 2893377 3256330 10022230 9815992 10079519 9887837 X -59784 -146454 X X 0 1 1 X 0 X 1029567 2848812 738646 1013868 1419401 7050294 1029567 2848812 738646 1013868 1419401 7050294 982476 6067818 141276 63294 29504 23311 17910 275295 7325589 43000 0.82830 0.78700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2893377 362953 3256330 2633682 259695 2893377 2376217 257465 2633682 1710443 665774 2376217 0 0 80202 57184 23018 23018 897877 C SECURITIES AND OTHER INVESTMENTS 4514843 F 5412720 DEFERRED COMPENSATION PAYABLE 17962 LOANS PAYABLE 7500 25462 1564422 1624206 -59784 -146454 -146454 -206238 1407646 -146454 14933 -131521 1539167 24655 600 25255 1564422 1613884 14933 14933 1598951 24655 600 25255 1624206 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING INCOME NETTED AGAINST EXPENSES ON FORM 990 14,933. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERIES 600. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING INCOME NETTED AGAINST EXPENSES ON FORM 990 14,933. PART XIII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERIES 600. PART X, LINE 2: FIN 48 (FASB ASC 740) "THE ORGANIZATION HAS NO POSITIONS THAT WOULD REQUIRE DISCLOSURE OR RECOGNITION OF 'UNRECOGNIZED TAX BENEFITS'. THE ORGANIZATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO U.S. FRDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 06/30/08." 0 0 0 0 0 0 0 0 0 0 SCHOLARSHIPS MIDDLE EAST CASH PAYMENT BOOK 0 0 0 0 0 0 X X X 1 CLAIR SEGAL 4 WEST UNIVERSITY PARKWAY SUITE 9 BALTIMORE MD 21210 ASSIST WITH CAPITAL CAMPAIGN 0 1092518 36079 1056439 1092518 36079 1056439 MD STUDENT AWARD CEREMONY 9672 9672 8248 FINANCIAL LITERACY 10000 10000 6685 19672 10000 9672 14933 14933 -5261 1 LOANS 81 377000 BOOK GRANTS 307 859530 BOOK X X 0 1 0 0 0 0 0 0 0 JAN WAGNER DESCRIBE THE ORGANIZATION'S MISSION FORM 990, PART I, ITEM 1 CENTRAL SCHOLARSHIP BUREAU (CSB) PROVIDES NEED-BASED FINANCIAL AID IN THE FORM OF GRANTS AND INTEREST-FREE LOANS TO MARYLAND RESIDENTS PURSUING POSTSECONDARY EDUCATION. POSTSECONDARY PROGRAMS INCLUDE VOCATIONAL TRAINING, TWO-YEAR AND FOUR-YEAR UNDERGRADUATE DEGREES, AND GRADUATE STUDIES. CSB CONDUCTS EXTENSIVE OUTREACH ACTIVITIES TO STUDENTS, PARENTS, HIGH SCHOOLS, PRIVATE CAREER SCHOOLS AND COLLEGES TO INFORM THEM ABOUT FUNDING AVAILABLE AT CSB. CSB SEEKS TO HELP STUDENTS AND FAMILIES MAKE INFORMED FINANCIAL CHOICES ABOUT POSTSECONDARY EDUCATION. IN 2012, CSB PROCESSED ABOUT 5,400 STUDENT APPLICATIONS AND COMMITTED APPROXIMATELY $1 MILLION TO ABOUT 250 STUDENTS. AT ANY POINT IN TIME, CSB MANAGES ABOUT $3 MILLION IN INTEREST-FREE LOANS TO AROUND 550 STUDENTS. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE ABELL FOUNDATION GRANT PROGRAM WAS ESTABLISHED TO PROVIDE BALTIMORE CITY RESIDENTS, PARTICULARLY AFRICAN AMERICAN MALES, WITH ACCESS TO CERTIFICATE TRAINING PROGRAMS. 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 FINANCE COMMITTEE 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 THOROUGH REVIEW AT THE ANNUAL BOARD MEETING. 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -146,454. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED LAYDON PARK INC 1700 REISTERSTOWN ROAD BALTIMORE MD 21208 520787708 RENTAL REAL ESTATE MD C 70879 283012 0.70000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 LAYDON PARK INC R 52637 DIVIDENDS PAID