NonprofitsThe Central Scholarship Bureau Inc

The Central Scholarship Bureau Inc

OWINGS MILLS, MD

Total revenue

$1.6M

Total expenses

$1.9M

Net assets

$12.8M

Grants received

$2.9M

67 grants

EIN

526012589

Tax year

2023

Mission

To help marylanders fulfill their dreams of pursuing higher educationby making higher education more affordable.

Programs

4 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 in assistance for post-secondary education. New loans of $104,625 were awarded to 40 students in the fiscal year ending june 30, 2024. Central scholarship (cs) also managed existing loans of approximately $1,465,000 for more than 375 students

Expenses: $170K

Cs's student awards ceremony recognizes scholarship recipients for the current year. Past recipients who have graduated are invited to apply for the loan paydown award, which provides one randomly drawn student up to $30,000 for undergraduate student debt relief (not including loans from cs).

Expenses: $105K

College cash is a financial education series offered as a free public service that helps students and parents navigate the complex financial options available to college-bound students. The goal is to ensure students and parents make informed economic choices when selecting a college. The advocacy program continues to focus on scholarship award displacement, which happens when colleges reduce their institutional scholarship after a student receives a private scholarship. Maryland was the first state to ban scholarship displacement for all maryland system colleges in 2017. Cs also has signed agreements with 13 private colleges in maryland that agreed not to displace private scholarships issued by central scholarship.

Scholarship administration-in order to cover operating services, central scholarship charges a small percentage to cover the management of 80 scholarships in our portfolio.

Financials

FY 2023

Revenue

Contributions & grants$1.2M
Program service revenue$10K
Investment income$364K
Other revenue$8K
Total revenue$1.6M

Expenses

Grants paid$744K
Salaries & benefits$591K
Fundraising$269K
Other expenses$609K
Total expenses$1.9M
Total assets$13.1M
Net assets$12.8M

People

21 listed

NameRoleCompensation

TIERRA A DORSEY

PRESIDENT

Board

$154K

40 hrs/wk

RUSS CAUSEY

PAST BOARD CHAIR

Board

1 hrs/wk

DAVID ROTHSCHILD

BOARD CHAIR

Board

2 hrs/wk

TIM REDMOND

TREASURER

Board

2 hrs/wk

MOLLY SHOCK

VICE CHAIR

Board

2 hrs/wk

MICHAEL WARD

PAST BOARD CHAIR

Board

1 hrs/wk

JEAN WYMAN

SECRETARY UNTIL SEP 2023

Board

2 hrs/wk

LIZ BLOCK

DIRECTOR

Board

1 hrs/wk

SUSAN SILBERMAN

DIRECTOR

Board

1 hrs/wk

MICHAEL DAVENPORT

DIRECTOR

Board

1 hrs/wk

BRUCE ROSENBERG

DIRECTOR

Board

1 hrs/wk

DAVID FISHMAN

DIRECTOR

Board

1 hrs/wk

ARNOLD FRUMAN

DIRECTOR UNTIL SEP 2023

Board

1 hrs/wk

DAVID DANEMAN

VICE CHAIR

Board

1 hrs/wk

LEAH DAVIDGE

DIRECTOR

Board

1 hrs/wk

DAVID LEVY

DIRECTOR

Board

1 hrs/wk

KASHAY WEBB

SECRETARY AS OF OCT 2023

Board

1 hrs/wk

JAMES COLE ABRAMS

DIRECTOR

Board

1 hrs/wk

BARBARA SUGARMAN GROCHAL

DIRECTOR

Board

1 hrs/wk

JERRY FOCAS

PAST BOARD CHAIR

Board

1 hrs/wk

MYRA NORTON

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 67 of 67

FromAmountPurposeYear
$50K
HIGHER EDUCATION SCHOLARSHIPS
2024
$25K
SCHOLARSHIPS
2024
$7K
SCHOLARSHIPS
2024
$300
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2024
$125K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.
2023
$30K
CENTRAL SCHOLARSHIP BUREAU SCHOLARSHIP FUND AND CAREER TRAINING GRANT FUND
2023
$25K
SCHOLARSHIPS
2023
$7K
DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2023
$7K
SCHOLARSHIPS
2023
$300
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2023
$100K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2022
$68K
For grant recipient's exempt purposes
2022
$53K
Scholarship & Endowment
2022
$35K
UNRESTRICTED
2022
$28K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$25K
GENERAL SUPPORT
2022
$10K
SUPPORT FOR CAREER TRAINING
2022
$7K
SCHOLARSHIPS
2022
$300
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2022
$52K
For grant recipient's exempt purposes
2021
$52K
For grant recipient's exempt purposes
2021
$46K
UNRESTRICTED
2021
$30K
GENERAL SUPPORT
2021
$6K
GENERAL SUPPORT
2021
$1K
GENERAL SUPPORT
2021
$272K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$89K
To further the exempt purpose
2020
$83K
For grant recipient's exempt purposes
2020
$75K
GENERAL SUPPORT
2020
$66K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$35K
Charitable Contribution
2020
$25K
UNRESTRICTED GENERAL SUPPORT
2020
$19K
Unrestricted
2020
$12K
GENERAL PURPOSE
2020
$10K
SUPPORT FOR CAREER TRAINING SCHOLARSHIPS
2020
$10K
SCHOLARSHIPS
2020
$2K
SUPPORT CURRENT OPERATIONS
2020
$1K
GENERAL SUPPORT
2020
$500
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2020
$30K
Charitable Contribution
2019
$26K
For grant recipient's exempt purposes
2019
$25K
UNRESTRICTED GENERAL SUPPORT
2019
$8K
FOR NON-INTEREST LOANS OR SCHOLARSHIPS TO WORTHY STUDENTS
2019
$5K
GENERAL SUPPORT
2019
$32K
Unrestricted
2018
$30K
Charitable Contribution
2018
$11K
For grant recipient's exempt purposes
2018
$8K
FOR NON-INTEREST LOANS OR SCHOLARSHIPS TO WORTHY STUDENTS
2018
$25K
General Support building
2017
$7K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$2.9M from 31 funders · 67 grants · 2017–2024

Associated Jewish Charities Of Baltimore

$1.1M · 7 grants · 2017–2023

Crane Family Foundation Inc

$300K · 3 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$300K · 7 grants · 2017–2022

Network For Good

$132K · 4 grants · 2018–2022

The Jerome G & Annette S Zimmerman

$95K · 3 grants · 2018–2020

Kenneth S Battye Charitable Trust

$89K · 1 grant · 2020

Details

EIN526012589
Subsection03
Ruling date1952-06
Formed1924
Employees9
Volunteers46
THE CENTRAL SCHOLARSHIP BUREAU INC — Mission, Financials & Grants Received | Grantivo