Central Scholarship Bureau, Inc.

Go Higher

aka Central Scholarship   |   Owings Mills, MD   |  http://www.central-scholarship.org

Mission

Central Scholarship is devoted to helping individuals achieve a better life through higher education. We believe that education is a right, not a privilege and that scholarships are an investment, not an expense. We help make post-secondary education and career training more affordable for Maryland residents through need-based scholarships, emergency funds, and interest-free loans; we deliver College Cash (R), a financial education series with sessions focused on paying for college; and we advocate for state laws that improve college affordability for Maryland residents.

Ruling year info

1952

President

Ms. Tierra A. Dorsey

Main address

6 Park Center Court Suite 211

Owings Mills, MD 21117 USA

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EIN

52-6012589

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Need-Based Scholarships and Emergency Funds

Central Scholarship (CS) provides need-based scholarships and emergency funds for high-performing students pursuing undergraduate, graduate, and professional degrees. For most programs, students are eligible for up to $10,000 per year in assistance for post-secondary education. During the fiscal year ending 6/30/2018, CS processed nearly 6,000 applications and awarded 231 scholarships to students.

Population(s) Served
Economically disadvantaged people
Students

Interest-free loans are awarded to students pursuing undergraduate, graduate, and professional 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 $256,000 were awarded to 62 students in the fiscal year ending 6/30/2018. CS also managed existing loans of approximately $3 million for more than 500 students.

Population(s) Served
Economically disadvantaged people
Students

Career 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 6/30/2018, CS awarded career training scholarships to 112 students. A new feature launched in 2018 was a pilot to provide funds for transportation in the form of bus passes, Uber rides, and used cars to individuals eligible for good-paying jobs in locations that require dependable transportation.

Population(s) Served
Economically disadvantaged people
Students

College Cash (R) is our financial education series offered as a free public service to help 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.

Our advocacy program continues to focus on scholarship award displacement, which occurs when colleges reduce their institutional scholarship after a student receives a private scholarship. A paid lobbyist assisted CS in negotiating an agreement with 13 private colleges that are members of the Maryland Independent College and University Association. This agreement prohibits private colleges from displacing private scholarship awards made by CS, and follows the first in the nation law restricting Maryland 4-year public universities and colleges from displacing private scholarships.

Population(s) Served
Economically disadvantaged people
Students

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Very simply, Central Scholarship strives to make post-secondary education and career training more affordable for low-income Maryland students.

We award more than $1 million each year in scholarships and interest-free loans to low-income students from throughout Maryland who are pursuing degree and non-degree post-secondary education and training. We reach students through an electronic database we created in-house, that connects us to colleges, high schools, nonprofits, and any individual or organization who has elected to receive our email blasts announcing scholarship opportunities. Students apply through an online application service.

We offer College Cash®, our free financial education series, with current offerings, “Finding Money for College" and "A Parent's Guide to Finding and Funding College". Programs were developed and are delivered by our staff experts.

Our Student Loan Pay-Down Program provides $30,000 in student loan relief to one lucky student recipient each year, pre-qualified but chosen at random, at our annual student awards ceremony.

Through our Advocacy Program, we work at the state level to support legislation that will improve the lives of low-income students as related to affordability of post-secondary education and training. We are uniquely positioned for this type of work because we do not receive any government funding; our funding is completely private. Our current focus is restricting scholarship award displacement.

Our President and our Special Program Advisor have a combined 50+ years of experience in higher education and financial aid.

Our Vice President is a lifelong political activist, who drives our advocacy program and our College Cash® Program.

Our Development Director is an expert on poverty issues and resource development. She ran a pre-school for homeless children under the age of six and a reentry program for ex-offenders.

Our program managers are experts in financial aid, career training, and data analysis.

Our Stewardship and Annual Fund Manager drives public relations, social networking, web development, events, and our annual fund.

Our Board of Directors is deeply committed to our mission, and provides resources and expertise that allow us to fulfill our mission year in and year out, since 1924.

We've been very successful at building our electronic outreach program and feel reasonably comfortable about our visibility in the student world in Maryland for both degree and non-degree programs. We have been successful at raising money although we never have enough to come close to meeting the demand.

Expanding the reach of College Cash® is extremely important. The only way for students and families to manage the student loan burden is to “Know Before They Go." The most basic information, such as understanding the cost of going to an in-state college versus out-of-state college, deciphering the college student awards letter, finishing college in four years instead of six, and more, is simply not being conveyed, in fact, it isn't even a consideration for many working directly with college-bound high school students.

We are working hard to educate our constituents about the forces affecting college affordability. The frenzy around college for all makes no sense, given the under-performing K-12 system and a job market that requires higher level skills and abilities. Selective colleges compete for the best students; some manipulate private scholarships to advance their own mission. Maryland is now the first state in the nation to restrict scholarship award displacement at 4-year public universities. This legislation was introduced at our request, and we were the lead advocates. Additionally, we now have an annual written agreement with 13 private colleges in Maryland, restricting scholarship award displacement for our recipients. We will continue to work on this issue in Maryland.

Non-selective colleges, strapped for cash, often admit students who do not have the capacity to complete a college program. Students either drop out or are pushed through so that colleges can maintain the tuition income. These students are saddled with loan debt they cannot pay off, and often have credentials that do not lead to employment. This is a topic for the future.

Financials

Central Scholarship Bureau, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Compare nonprofit financials to similar organizations

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Central Scholarship Bureau, Inc.

Board of directors
as of 5/13/2021
SOURCE: Self-reported by organization
Board chair

Russ Causey

CMD Outsourcing Solutions

Term: 2020 - 2021

Margot Heller

Larry Kamanitz

Mary (Molly) Shock

Mike Ward

Johns Hopkins University

Jean Wyman

Self-employed

Russ Causey

CMD Outsourcing Solutions

Ira Wagner

Jerry Focas

Hassani, Focas and Fifer P.A.

David Rothschild

Rothschild Capital Partners, LLC

Tim Redmond

Enterprise Community Partners

Liz Block

Michael Davenport

Baltimore Gas and Electric

Arnold Fruman

National Lumber Company

Kevin Fudge

American Student Assistance

Ricardo Johnson

CareFirst BlueCross BlueShield

Barbara Kornblatt

Raymond McCree

University of Baltimore

Bruce Rosenberg

Leland Shelton

Saul Ewing Arnstein and Lehr LLP

Susan Silberman

Martex Properties

Ernestine Whiting

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes

Organizational demographics

SOURCE: Self-reported; last updated 05/13/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American/African
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data