Civic Intelligence

The Central Scholarship Bureau Inc

EIN 52-6012589 • 501(c)3 • Owings Mills, MD

View Organization Page

Profile

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.

6 Park Center Court Suite 211Owings Mills, MD 21117

www.central-scholarship.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.17x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

36th percentile

$117,424

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

26%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$12,870,890

Up $1,037,532 (+8.8%) from 2022

Liabilities

Up

$376,467

Up $260,999 (+226%) from 2022

Net Assets

Up

$12,494,423

Up $776,533 (+6.6%) from 2022

Operations
Liabilities / Revenue42nd percentileNet Margin71st percentile

Revenue

Up

$2,276,776

Up $464,936 (+26%) from 2022

Expenses

Up

$1,896,034

Up $125,628 (+7.1%) from 2022

Net Income

Up

$380,742

Up $339,308 (+819%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $9,717,144Liabilities 2010: $58,553Net Assets 2010: $9,658,5912010Assets 2011: $10,079,519Liabilities 2011: $57,289Net Assets 2011: $10,022,2302011Assets 2012: $9,887,837Liabilities 2012: $71,845Net Assets 2012: $9,815,9922012Assets 2013: $10,386,902Liabilities 2013: $103,191Net Assets 2013: $10,283,7112013Assets 2014: $10,933,663Liabilities 2014: $51,954Net Assets 2014: $10,881,7092014Assets 2015: $10,899,331Liabilities 2015: $109,940Net Assets 2015: $10,789,3912015Assets 2016: $10,510,212Liabilities 2016: $28,258Net Assets 2016: $10,481,9542016Assets 2017: $11,635,222Liabilities 2017: $33,640Net Assets 2017: $11,601,5822017Assets 2018: $12,875,990Liabilities 2018: $33,947Net Assets 2018: $12,842,0432018Assets 2019: $12,838,016Liabilities 2019: $149,318Net Assets 2019: $12,688,6982019Assets 2020: $12,404,066Liabilities 2020: $277,629Net Assets 2020: $12,126,4372020Assets 2021: $13,449,299Liabilities 2021: $166,332Net Assets 2021: $13,282,9672021Assets 2022: $11,833,358Liabilities 2022: $115,468Net Assets 2022: $11,717,8902022Assets 2023: $12,870,890Liabilities 2023: $376,467Net Assets 2023: $12,494,4232023

Highlighted filing

2023

Assets$12,870,890
Liabilities$376,467
Net Assets$12,494,423
Open 2023 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,266,8062010Expenses 2011: $1,470,8872011Expenses 2012: $1,624,2062012Expenses 2013: $1,472,8282013Revenue 2014: $1,528,467Expenses 2014: $1,631,376Net Income 2014: -$102,9092014Revenue 2015: $1,682,098Expenses 2015: $1,715,311Net Income 2015: -$33,2132015Revenue 2016: $1,821,453Expenses 2016: $1,740,726Net Income 2016: $80,7272016Revenue 2017: $3,034,971Expenses 2017: $1,899,217Net Income 2017: $1,135,7542017Revenue 2018: $3,053,653Expenses 2018: $2,071,210Net Income 2018: $982,4432018Revenue 2019: $1,879,066Expenses 2019: $2,206,956Net Income 2019: -$327,8902019Revenue 2020: $1,318,439Expenses 2020: $1,964,085Net Income 2020: -$645,6462020Revenue 2021: $1,887,569Expenses 2021: $1,745,761Net Income 2021: $141,8082021Revenue 2022: $1,811,840Expenses 2022: $1,770,406Net Income 2022: $41,4342022Revenue 2023: $2,276,776Expenses 2023: $1,896,034Net Income 2023: $380,7422023

Highlighted filing

2023

Revenue$2,276,776
Expenses$1,896,034
Net Income$380,742
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$12,870,890
Liabilities
$376,467
Net assets
$12,494,423
Revenue
$2,276,776
Expenses
$1,896,034
Net income
$380,742
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$12.9$0.38$12.5$2.28$1.90$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.12$11.7$1.81$1.77$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$0.17$13.3$1.89$1.75$0.14
2020Summary only. Only limited summary data is available for this year.$12.4$0.28$12.1$1.32$1.96$0.65
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.15$12.7$1.88$2.21$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$0.03$12.8$3.05$2.07$0.98
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.03$11.6$3.03$1.90$1.14
2016Detailed filing. Detailed filing data is available for this year.$10.5$0.03$10.5$1.82$1.74$0.08
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.11$10.8$1.68$1.72$0.03
2014Detailed filing. Detailed filing data is available for this year.$10.9$0.05$10.9$1.53$1.63$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.10$10.3$1.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$0.07$9.82$1.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$0.06$10.0$1.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.72$0.06$9.66$1.27
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$1,818,528
Mission and Program Overview

Mission

The central scholarship bureau, inc. (organization) is a maryland non-stock not-for-profit organization that helps marylanders fulfill their dreams of pursuing higher education by making higher education more affordable. (continued in schedule o)the organization awards need-based scholarships and interest-free loans to high-performing students throughout maryland, offers college cash financial education seminars to students and parents to help them become more informed higher education consumers and advocates for legislation that makes higher education more affordable for all marylanders.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,043,344$8,365,461▼ $1,677,883
Accounts Receivable$1,969,415$1,814,194▼ $155,221
Cash and Non-Interest-Bearing Accounts$1,287,411$833,209▼ $454,202
Savings and Temporary Cash Investments-$662,192-
Pledges and Grants Receivable$131,863$64,400▼ $67,463
Prepaid Expenses and Deferred Charges$8,412$44,450▲ $36,038
Land, Buildings, and Equipment, Net$6,961$4,834▼ $2,127
Total Assets$13,449,299$11,833,358▼ $1,615,941
Other Assets Total$1,893$44,618▲ $42,725
Liabilities
Accounts Payable and Accrued Expenses$31,332$105,816▲ $74,484
Other Liabilities$130,000$9,652▼ $120,348
Grants Payable$5,000$0▼ $5,000
Total Liabilities$166,332$115,468▼ $50,864
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,075,161$8,175,873▲ $100,712
Net Assets Without Donor Restrictions$5,207,806$3,542,017▼ $1,665,789
Total Net Assets Fund Balance$13,282,967$11,717,890▼ $1,565,077
Total Liabilities and Net Assets / Fund Balance$13,449,299$11,833,358▼ $1,615,941

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,834$75,063$79,897
Other Securities$7,470,187--
Closely Held Equity Interests$895,274--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$7,943,758$-491,299--$7,452,459
2020$6,159,635$1,784,123--$7,943,758
2019$6,666,589$-506,954--$6,159,635
2018$6,526,258$140,331--$6,666,589
2017$5,345,710$1,180,548--$6,526,258
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tierra a DorseyPresident Since March, 2021FT$114,241$3,183$117,424
Jan WagnerPresident Through March, 2021FT$66,952$3,879$70,831

Board Members and Trustees

NameTitle
David RothschildBoard Chair
Russ CauseyImmediate Past Board Chair
Ira WagnerPast Board Chair
Larry KamanitzPast Board Chair
Michael WardPast Board Chair
Molly ShockVice Chair
Arnold FrumanDirector
Barbara KornblattDirector
Bruce RosenbergDirector
David FishmanDirector
Jerry FocasDirector
Kevin FudgeDirector
Leland SheltonDirector
Liz BlockDirector
Michael DavenportDirector
Susan SilbermanDirector
Jean WymanSecretary
Tim RedmondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,233,080
Program Service Revenue
$0
Investment Income
$189,329
Other Revenue
$389,431
All Other Contributions
$1,103,080
Change in Net Assets
$41,434

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,729,124
Revenue Not Reported on Financial Statements
$82,716
Revenue Not Reported on Form 990
$-1,606,511
Other Revenue Adjustments
$66,444
Total Revenue per Audited Statements
$122,613
Total Revenue per Form 990
$1,811,840
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$731,136
Salaries, Compensation, and Employee Benefits$525,854
Other Expenses$513,416
Total Fundraising Expense$139,791
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$731,136--$731,136
Other Salaries and Wages$126,792$66,397$102,558$295,747
Current Officers, Directors, Trustees, and Key Employees$129,474$23,399$3,120$155,993
Fees for Services Accounting$103,031$35,285$2,823$141,139
Occupancy$50,503$12,949$1,295$64,747
Information Technology$31,749$5,737$765$38,251
Payroll Taxes$20,376$7,217$8,582$36,175
Other Employee Benefits$18,009$6,509$7,881$32,399
Advertising$30,347-$1,597$31,944
Fees for Services Other$17,400--$17,400
Office Expenses$13,017$3,471$868$17,356
Fees for Service Investment Mgmnt Fees$16,272--$16,272
All Other Expenses$10,592$2,015$831$13,438
Insurance$7,090$3,128$209$10,427
Other Expenses$6,533$1,224$408$8,165
Pension Plan Contributions$1,538$1,399$2,603$5,540
Depreciation Depletion$1,482$268$36$1,786
Conferences and Meetings$765$639$74$1,478
Travel$423$77$10$510
Total Functional Expenses$1,391,392$239,223$139,791$1,770,406

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,770,406
Expenses per Audited Statements$1,687,690
Total Expenses per Audited Statements$1,687,690
Expenses Not Reported on Financial Statements$82,716
Other Expense Adjustments$66,444
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Laydon Park$7,652
Loans Payable$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is electronically distributed to all members of the board of directors for review 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 on guidestar, reviewed by executive committee and approved by the entire board.”

Form 990, Part VI, Section C, Line 18

“Form 990 is made available on guidestar, the organization's own website and upon request. Form 990-t and form 1023 is available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are posted on its own website and further made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Central Scholarship Bureau Inc
EIN
52-6012589
Phone
4104155558
Address
6 PARK CENTER COURT SUITE 211, OWINGS MILLS, MD 21117
Doing Business As
Central Scholarship

Signing Officer

Name
Tierra Dorsey
Title
President
Phone
4104155558
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tierra Dorsey
Formed
1924
Legal Domicile
Md
Voting Board Members
20
Independent Board Members
18
Employees
13
Volunteers
23

Preparer

Firm
Gorfine Schiller & Gardyn Pa
Address
10045 RED RUN BLVD SUITE 250, OWINGS MILLS, MD 21117
Preparer
Scott D Rodgville CPA
Phone
4103565900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Activity from vance 1530 jv, llc -389,431.”

FORM 990, PART XII, LINE 2C:

“The organization has an audit committee that reviews and approves the annual audited financial statements and form 990 informational returns, as well as oversees selection of the organization's external auditors.”

Financial Statement Notes

PART X, LINE 2:

“Fasb asc 740, accounting for income taxes, 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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Activity from vance 1530 jv, llc -389,431.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Income tax expense 66,444.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Income tax expense 66,444.”

Raw XML AppendixShowing 400 of 664 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0CENTRAL SCHOLARSHIP (CS) PROVIDES NEED-BASED SCHOLARSHIPS FOR HIGH-PERFORMING STUDENTS PURSUING UNDERGRADUATE, GRADUATE AND PROFESSIONAL DEGREES. FOR MOST PROGRAMS, STUDENTS ARE ELIGIBLE FOR UP TO $11,000 PER YEAR IN ASSISTANCE FOR POST-SECONDARY EDUCATION. DURING THE FISCAL YEAR ENDED JUNE 30, 2022, CS PROCESSED NEARLY 2,164 APPLICATIONS AND AWARDED 405 SCHOLARSHIPS TO STUDENTS.(EMERGENCY GRANTS) CS PROVIDES STUDENTS ALREADY RECEIVING EDUCATION FUNDING FOR DEGREE PROGRAMS WITH EMERGENCY GRANTS FOR NON-EDUCATION EXPENSES. EXAMPLES OF SUCH EXPENSES INCLUDE MEDICAL BILLS, TRANSPORTATION EMERGENCIES, OR REPLACEMENT OF ESSENTIAL BELONGINGS AFTER THEFT OR FIRE. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2022, CS MADE EMERGENCY GRANTS TO 11 STUDENTS TOTALING $11,913.94.
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IRS990/Form990PartVIISectionAGrp/PersonNm0JERRY FOCAS
IRS990/Form990PartVIISectionAGrp/PersonNm1RUSS CAUSEY
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID ROTHSCHILD
IRS990/Form990PartVIISectionAGrp/PersonNm3TIM REDMOND
IRS990/Form990PartVIISectionAGrp/PersonNm4IRA WAGNER
IRS990/Form990PartVIISectionAGrp/PersonNm5MOLLY SHOCK
IRS990/Form990PartVIISectionAGrp/PersonNm6LARRY KAMANITZ
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL WARD
IRS990/Form990PartVIISectionAGrp/PersonNm8JEAN WYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9LIZ BLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm10LELAND SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN SILBERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm13BRUCE ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm14KEVIN FUDGE
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID FISHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16ARNOLD FRUMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17BARBARA KORNBLATT
IRS990/Form990PartVIISectionAGrp/PersonNm18TIERRA A DORSEY
IRS990/Form990PartVIISectionAGrp/PersonNm19JAN WAGNER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PAST BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT SINCE MARCH, 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT THROUGH MARCH, 2021
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IRS990/MissionDesc0THE CENTRAL SCHOLARSHIP BUREAU, INC. (ORGANIZATION) IS A MARYLAND NON-STOCK NOT-FOR-PROFIT ORGANIZATION THAT HELPS MARYLANDERS FULFILL THEIR DREAMS OF PURSUING HIGHER EDUCATION BY MAKING HIGHER EDUCATION MORE AFFORDABLE. (CONTINUED IN SCHEDULE O)THE ORGANIZATION AWARDS NEED-BASED SCHOLARSHIPS AND INTEREST-FREE LOANS TO HIGH-PERFORMING STUDENTS THROUGHOUT MARYLAND, OFFERS COLLEGE CASH FINANCIAL EDUCATION SEMINARS TO STUDENTS AND PARENTS TO HELP THEM BECOME MORE INFORMED HIGHER EDUCATION CONSUMERS AND ADVOCATES FOR LEGISLATION THAT MAKES HIGHER EDUCATION MORE AFFORDABLE FOR ALL MARYLANDERS.
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IRS990/OtherExpensesGrp/Desc2MEMBERSHIP AND PUBLICAT
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IRS990/PayrollTaxesGrp/FundraisingAmt08582
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07217
IRS990/PayrollTaxesGrp/ProgramServicesAmt020376
IRS990/PayrollTaxesGrp/TotalAmt036175
IRS990/PensionPlanContributionsGrp/FundraisingAmt02603
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01399
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01538
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IRS990/PrincipalOfficerNm0TIERRA DORSEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTEREST-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 $171,000 WERE AWARDED TO 33 STUDENTS IN THE FISCAL YEAR ENDING JUNE 30, 2022. CENTRAL SCHOLARSHIP (CS) ALSO MANAGED EXISTING LOANS OF APPROXIMATELY $1,800,000 FOR MORE THAN 400 STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0238172
IRS990/ProgSrvcAccomActy3Grp/Desc0CAREER-TRAINING SCHOLARSHIPS ARE AVAILABLE FOR FIELDS WHERE THERE IS A VERIFIED WORKFORCE DEMAND, AN OPPORTUNITY TO EARN A LIVING WAGE, RECOGNIZED CREDENTIALS UPON PROGRAM COMPLETION AND A PATH FOR CAREER ADVANCEMENT. STUDENTS ARE QUALIFIED BASED ON FINANCIAL NEED, WITH PREFERENCE GIVEN TO BALTIMORE CITY RESIDENTS. DURING THE FISCAL YEAR ENDING ON JUNE 30, 2022, CS AWARDED CAREER-TRAINING SCHOLARSHIPS TO 10 STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0103048
IRS990/ProgSrvcAccomActy3Grp/GrantAmt065332
IRS990/ProgSrvcAccomActyOtherGrp/Desc0COLLEGE 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 THAT STUDENTS AND PARENTS ARE MAKING INFORMED FINANCIAL 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. CS HAS SIGNED AGREEMENTS WITH 13 PRIVATE COLLEGES IN MARYLAND WHO AGREED NOT TO DISPLACE PRIVATE SCHOLARSHIPS ISSUED BY CENTRAL SCHOLARSHIP.
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