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
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).
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
Expenses
People
21 listed
TIERRA A DORSEY
PRESIDENT
$154K
40 hrs/wk
RUSS CAUSEY
PAST BOARD CHAIR
—
1 hrs/wk
DAVID ROTHSCHILD
BOARD CHAIR
—
2 hrs/wk
TIM REDMOND
TREASURER
—
2 hrs/wk
MOLLY SHOCK
VICE CHAIR
—
2 hrs/wk
MICHAEL WARD
PAST BOARD CHAIR
—
1 hrs/wk
JEAN WYMAN
SECRETARY UNTIL SEP 2023
—
2 hrs/wk
LIZ BLOCK
DIRECTOR
—
1 hrs/wk
SUSAN SILBERMAN
DIRECTOR
—
1 hrs/wk
MICHAEL DAVENPORT
DIRECTOR
—
1 hrs/wk
BRUCE ROSENBERG
DIRECTOR
—
1 hrs/wk
DAVID FISHMAN
DIRECTOR
—
1 hrs/wk
ARNOLD FRUMAN
DIRECTOR UNTIL SEP 2023
—
1 hrs/wk
DAVID DANEMAN
VICE CHAIR
—
1 hrs/wk
LEAH DAVIDGE
DIRECTOR
—
1 hrs/wk
DAVID LEVY
DIRECTOR
—
1 hrs/wk
KASHAY WEBB
SECRETARY AS OF OCT 2023
—
1 hrs/wk
JAMES COLE ABRAMS
DIRECTOR
—
1 hrs/wk
BARBARA SUGARMAN GROCHAL
DIRECTOR
—
1 hrs/wk
JERRY FOCAS
PAST BOARD CHAIR
—
1 hrs/wk
MYRA NORTON
DIRECTOR
—
1 hrs/wk
Grants received
Showing 67 of 67
Funded by
$2.9M from 31 funders · 67 grants · 2017–2024
$1.1M · 7 grants · 2017–2023
$300K · 3 grants · 2020–2023
$300K · 7 grants · 2017–2022
$272K · 1 grant · 2020
$132K · 4 grants · 2018–2022
$95K · 3 grants · 2018–2020
$89K · 1 grant · 2020
$66K · 1 grant · 2020