Baltimore Educational Scholarship Trust Inc
- Assets
- $13.7m
- Revenue
- $1.6m
- Investments
- $13.3m
- Employees
- 18
- Location
- Baltimore, MD
- Founding
- 09/1977
- Data as of
- 06/2021
- EIN
- 52-1072250
Organization Overview
Baltimore Educational Scholarship Trust Inc is located in Baltimore, MD. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Baltimore Educational Scholarship Trust Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Educational Scholarship Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Baltimore Educational Scholarship Trust Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Baltimore Educational Scholarship Trust Inc has awarded 144 individual grants totaling $4,393,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, IN PARTNERSHIP WITH OUR EIGHTEEN INDEPENDENT MEMBER SCHOOLS, RECRUITS AND SUPPORTS THROUGH THE ADMISSIONS PROCESS ACADEMICALLY AMBITIOUS, AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA. ONCE STUDENTS ARE ENROLLED, B.E.S.T. POSITIONS THEM FOR SUCCESS THROUGH ACADEMIC PREPARATION, CHARACTER AND LEADERSHIP DEVELOPMENT AND SUPPORT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE GREATEST ACCOMPLISHMENTS OF THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INCLUDE OUR ADMISSIONS SUPPORT, OUR STUDENT / PARENT PROGRAMS AND OUR FACILITATION OF PRIVATE AND PUBLIC PARTNERSHIPS. IN ADMISSIONS, WE PROVIDE INDIVIDUALIZED ADMISSIONS AND FINANCIAL AID COUNSELING TO APPLICANTS AND THEIR PARENTS. OUR STUDENT AND PARENT PROGRAMS INCLUDE ACADEMIC ENRICHMENT, LEADERSHIP DEVELOPMENT, PARENT NETWORKING AND COLLEGE-BOUND SUPPORT. IN ADDITION, B.E.S.T. BUILDS PARTNERSHIPS AND FACILITATES COLLABORATIONS BETWEEN PRIVATE AND PUBLIC EDUCATIONAL LEADERS THROUGHOUT BALTIMORE. THE TOTALITY OF OUR PROGRAMMATIC WORK SUPPORTS APPLICANT STUDENTS AND PARENTS, ENROLLED STUDENTS AND PARENTS AND THE EDUCATIONAL COMMUNITY IN BALTIMORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Suriano Executvie Director | Officer | 40 | $130,000 |
Crystal Lee Director Of Advancement | Officer | 40 | $97,509 |
Jill Wood Director Of Finance And Operations | Officer | 40 | $78,708 |
Alecia Prigden Director Of Enrollment Engagement | Officer | 40 | $77,971 |
Berrier Christopher A Board Secretary | OfficerTrustee | 2 | $0 |
Schmick John E Board Second Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,326 |
| Total Program Service Revenue | $441,418 |
| Investment income | $278,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,613,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $563,095 |
| Grants and other assistance to domestic individuals. | $6,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $429,611 |
| Compensation of current officers, directors, key employees. | $81,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,730 |
| Pension plan accruals and contributions | $8,910 |
| Other employee benefits | $38,056 |
| Payroll taxes | $44,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $447 |
| Fees for services: Other | $53,797 |
| Advertising and promotion | $0 |
| Office expenses | $33,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,105 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,348 |
| Interest | $163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,321 |
| Insurance | $14,608 |
| All other expenses | $3,377 |
| Total functional expenses | $1,527,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,283 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $82,727 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,527 |
| Net Land, buildings, and equipment | $17,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,320,009 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,666,046 |
| Accounts payable and accrued expenses | $37,010 |
| Grants payable | $329,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $366,010 |
| Net assets without donor restrictions | $1,081,470 |
| Net assets with donor restrictions | $12,218,566 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,666,046 |
Grants Awarded
Over the last fiscal year, Baltimore Educational Scholarship Trust Inc has awarded $563,095 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Lutherville, MD PURPOSE: SHDF, FA GIFT, PANITZ AWARD, EMERGENCY FUND | $50,692 |
Baltimore, MD PURPOSE: SHDF, FA GIFT, EMERGENCY FUND, ENDOWED SCHOLAR | $44,632 |
Baltimore, MD PURPOSE: SHDF, FA GIFT, GAP FUNDING GRANT, EMERGENCY FUND | $44,490 |
Owings Mills, MD PURPOSE: SHDF, FA GIFT, ENDOWED SCHOLAR | $40,509 |
Brooklandville, MD PURPOSE: SHDF, FA GIFT, ENDOWED SCHOLAR | $39,305 |
Baltimore, MD PURPOSE: SHDF, FA GIFT, PANITZ AWARD, STUART O. SIMMS' PRES FUND GRANT. DEERING GRANT | $36,770 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Baltimore Educational Scholarship Trust Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Brown Family Foundation Inc Butler, MD PURPOSE: UNRESTRICTED | $10,000 |
Bruce And Deborah Duncan Foundation Naples, FL PURPOSE: RECRUITS AND SUPPORTS THROUGHOUT THE ADMISSIONS PROCESS ACADEMICALLY TALENTED AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA. | $10,000 |
P O W E R Foundation Inc Baltimore, MD PURPOSE: EDUCATIONAL | $5,000 |
Endowment Analysis
| Beg. Balance | $8,969,329 |
| Earnings | $2,320,175 |
| Grants | $435,164 |
| Ending Balance | $10,854,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |