Overview
What is Baltimore Educational Scholarship Trust?
Baltimore Educational Scholarship Trust is a nonprofit organization situated in Baltimore, Maryland. Their primary focus is on supporting academically gifted, financially disadvantaged African American students from the Baltimore area. The trust collaborates with eighteen independent member schools to recruit these students and provide them with financial aid and counseling during the admissions process. Once enrolled, the students benefit from various programs designed to foster academic preparedness, character development, and leadership skills. The Baltimore Educational Scholarship Trust also facilitates partnerships and collaborations between private and public educational leaders in Baltimore, contributing to the overall educational community. With a team of seventeen dedicated individuals, the trust's comprehensive approach ensures that students and their families receive the necessary support throughout their educational journey.
Official website here: www.besttrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Baltimore Educational Scholarship Trust has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived solely from its impressive accountability and finance metrics. With a score of 96%, it demonstrates a commitment to transparency and responsible financial management, which is crucial for donor trust and engagement.
One of the organization's notable strengths includes its fully independent board, comprising 100% independent members, which enhances governance and oversight. The charity has also excelled in areas such as financial statement auditing, with an oversight committee that received full points, indicating rigorous financial scrutiny. Additionally, its low liabilities to assets ratio of 3.30% and high program expense ratio of 81.09% suggest that a significant portion of its resources is directed toward its mission.
While the Baltimore Educational Scholarship Trust showcases strong financial health and governance practices, continued monitoring of its program effectiveness and long-term impact could further enhance donor confidence and support. Overall, the organization stands out as a responsible steward of charitable funds, making a positive contribution to educational opportunities in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Baltimore Educational Scholarship Trust?
88% of 11 reviewers on Facebook recommend the Baltimore Educational Scholarship Trust. Here’s a summary of their experiences:
Some users express skepticism about the organization's transparency and the actual opportunities available for low-income children in the Baltimore area. Concerns have been raised regarding the clarity of the information provided about the programs, suggesting that potential beneficiaries may not receive the support they expect.
While the majority show some level of support, the feedback indicates that more effort may be needed in communicating the organization's mission and available resources effectively.
This AI summary has been generated from reviews found on Facebook.
Is Baltimore Educational Scholarship Trust legitimate?
Baltimore Educational Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Educational Scholarship Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $450,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,183
For more financial information, click here
Official website here: www.besttrust.org
What is the mission statement of Baltimore Educational Scholarship Trust?
The Baltimore Educational Scholarship Trust, in collaboration with its eighteen independent member schools, plays a crucial role in identifying and supporting academically gifted African American students from the Baltimore area who face financial constraints. Once these students are enrolled, the trust focuses on their success by providing academic preparation, fostering character development, and enhancing leadership skills through various support programs.
Official website here: www.besttrust.org
Who is the CEO of Baltimore Educational Scholarship Trust?
Jessica Suriano is the Board President of Baltimore Educational Scholarship Trust.
Official website here: www.besttrust.org
What is the revenue of Baltimore Educational Scholarship Trust?
Baltimore Educational Scholarship Trust's revenue in 2022 was $1,667,462.
Official website here: www.besttrust.org
Who are the executives of Baltimore Educational Scholarship Trust and what are their salaries?
The average compensation at Baltimore Educational Scholarship Trust during 2022 was $33,049. There are 17 employees and 47 volunteers at Baltimore Educational Scholarship Trust.
Here are 50 key members and their salaries:
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Official website here: www.besttrust.org
Where can I find the form 990 for Baltimore Educational Scholarship Trust?
Baltimore Educational Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.besttrust.org
Learn more at the official website: www.besttrust.org
Mission Statement of Baltimore Educational Scholarship Trust
The Baltimore Educational Scholarship Trust, in collaboration with its eighteen independent member schools, seeks to identify and support academically talented, financially disadvantaged African American students residing in the Baltimore area. Once these students are enrolled, the organization works to position them for success through various means. They provide academic preparation to help students excel in their studies, as well as character and leadership development programs to foster well-rounded individuals. Furthermore, the Baltimore Educational Scholarship Trust offers support services to further bolster their students' success, ensuring they have the tools necessary to thrive in their academic pursuits.
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Impact
July, 2024
Baltimore Educational Scholarship Trust plays a critical role in recruiting and supporting academically ambitious African American students with financial need from the Baltimore area. By providing individualized admissions and financial aid counseling, the organization helps students gain access to quality educational opportunities they might not have had otherwise. Moreover, through academic enrichment, leadership development, and college-bound support programs, B.E.S.T. positions these students for success and empowers them to reach their full potential. By fostering partnerships and collaborations within the educational community in Baltimore, B.E.S.T. also contributes to strengthening the overall educational landscape in the city.
This information is meant to be a general summary of Baltimore Educational Scholarship Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $407,290
- Program Service Revenue: $444,381
- Gross Receipts: $2,103,293
Assets and Liabilities:
- Total Assets: $12,146,241
- Total Liabilities: $347,892
- Net Assets: $11,798,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL MEMBERSHIP FEES
Revenue
$436,000
APPLICATION FEES AND O
Revenue
$8,381
Organization Details
Founding Year
1987
Phone
(410) 752-2225Principal Officer
Jessica Suriano
Main Address
808 NORTH CHARLES STREET, BALTIMORE, MD, 21201
Website
www.besttrust.orgNTEE Category
Code: B82Z - Education
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