Overview
What is The Central Scholarship Bureau Inc?
The Central Scholarship Bureau Inc, based in Owings Mills, Maryland, is a non-profit organization dedicated to making higher education more accessible and affordable for Marylanders. They achieve this by awarding need-based scholarships and interest-free loans to high-performing students, supporting a wide range of undergraduate, graduate, and professional degree programs. The organization processes numerous applications annually and grants scholarships to numerous students, including emergency assistance for non-education expenses. Throughout the fiscal year, they provided emergency grants to 11 students, totalling over $11,000. Additionally, The Central Scholarship Bureau Inc offers college cash financial education seminars to students and parents, aiming to educate them on higher education expenditures and advocate for policies that make education more affordable for all Marylanders.
Official website here: www.central-scholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Central Scholarship Bureau Inc has achieved a perfect score of 100%, resulting in a Four-Star out of Four Star rating from Charity Navigator. This rating indicates exceptional performance in accountability and transparency, reflecting a well-managed organization that adheres to best practices in financial reporting and governance. The majority of its board members are independent, and the organization maintains a strong financial health with a low liabilities-to-assets ratio and high program expense ratio.
User feedback highlights the significant impact of the Central Scholarship Bureau on students' lives, particularly those from low-income backgrounds. Recipients praise the organization for its generous scholarships, grants, and interest-free loans, which have made higher education more accessible. Many testimonials emphasize the supportive and caring nature of the staff, who actively engage with students and provide assistance beyond financial support, including guidance and networking opportunities.
While the overall feedback is overwhelmingly positive, there may be concerns about the availability of resources as demand for assistance increases. However, the organization's commitment to its mission and its ability to adapt to the needs of students, such as providing emergency funding during the COVID-19 pandemic, demonstrates its resilience and dedication to supporting the educational aspirations of Maryland students.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Central Scholarship Bureau Inc?
100% of 21 reviewers on Facebook recommend The Central Scholarship Bureau Inc. Here is a summary of their reviews:
Many users highlight the organization's dedication to supporting individuals striving for success. Reviewers emphasize the professionalism displayed by the staff and their commitment to following through on their promises. This strong commitment resonated deeply with those who have interacted with the nonprofit.
Overall, the sentiment is overwhelmingly positive, with individuals feeling that the Central Scholarship Bureau truly values the lives and aspirations of the people it serves. This nonprofit is seen as a reliable resource for those needing financial assistance in their educational journeys.
This AI summary has been generated from reviews found on Facebook.
Is The Central Scholarship Bureau Inc legitimate?
The Central Scholarship Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Central Scholarship Bureau Inc 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: $155,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $295,747
For more financial information, click here
Official website here: www.central-scholarship.org
What is the mission statement of The Central Scholarship Bureau Inc?
The Central Scholarship Bureau Inc is a non-profit organization with a mission to assist students in Maryland in achieving their aspirations of pursuing higher education by making education more financially accessible. The organization accomplishes this by providing need-based scholarships and interest-free loans to high-performing students across the state. Additionally, they offer College Cash financial education seminars to educate students and parents on becoming informed consumers and advocates for policies that make higher education more affordable for everyone in Maryland. The Central Scholarship Bureau Inc actively advocates for legislation that aims to make higher education more affordable for all residents of the state.
Official website here: www.central-scholarship.org
Who is the CEO of The Central Scholarship Bureau Inc?
Tierra Dorsey is the Director of The Central Scholarship Bureau Inc.
Official website here: www.central-scholarship.org
What is the revenue of The Central Scholarship Bureau Inc?
The Central Scholarship Bureau Inc's revenue in 2022 was $1,811,840.
Official website here: www.central-scholarship.org
Who are the executives of The Central Scholarship Bureau Inc and what are their salaries?
The average compensation at The Central Scholarship Bureau Inc during 2022 was $34,749. There are 13 employees and 23 volunteers at The Central Scholarship Bureau Inc.
Here are 20 key members and their salaries:
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- Other: $3,879
Official website here: www.central-scholarship.org
Where can I find the form 990 for The Central Scholarship Bureau Inc?
The Central Scholarship Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.central-scholarship.org
Learn more at the official website: www.central-scholarship.org
Mission Statement of The Central Scholarship Bureau Inc
The Central Scholarship Bureau, Inc., is a Maryland-based non-profit organization, dedicated to helping individuals fulfill their aspirations of pursuing higher education by making it more financially accessible. This noble institution's mission is twofold. Firstly, it awards need-based scholarships and interest-free loans to high-performing students across Maryland. By doing so, it empowers talented individuals who may otherwise be financially constrained, ensuring they can attend and succeed in higher education.
Secondly, The Central Scholarship Bureau, Inc., offers College Cash financial education seminars for students and their parents. These educational sessions aim to transform them into more informed higher education consumers and advocates. By providing this knowledge, the organization encourages students and their families to make well-informed decisions about their educational paths, ultimately contributing to more affordable higher education options for all Marylanders.
In addition to these primary functions, The Central Scholarship Bureau, Inc., also advocates for legislation that makes higher education more affordable for all Marylanders. This advocacy work is a testament to the organization's commitment to breaking down financial barriers and ensuring that education remains a viable option for any motivated individual in Maryland.
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Impact
July, 2024
The Central Scholarship Bureau Inc has a significant impact on Marylanders by helping them fulfill their dreams of pursuing higher education. Through need-based scholarships and emergency grants, the organization makes higher education more affordable for high-performing students in Maryland. In the fiscal year ending June 30, 2022, the Central Scholarship Bureau processed nearly 2,164 applications and awarded 405 scholarships, providing students with up to $11,000 per year in assistance for post-secondary education. Additionally, the organization provided emergency grants to 11 students, totaling $11,913.94, to help with non-education expenses such as medical bills, transportation emergencies, or replacing essential belongings after theft or fire. Overall, The Central Scholarship Bureau Inc plays a vital role in supporting students in pursuing their academic goals and creating more informed higher education consumers in Maryland.
This information is meant to be a general summary of The Central Scholarship Bureau Inc. 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: $189,329
- Gross Receipts: $1,818,528
Assets and Liabilities:
- Total Assets: $11,833,358
- Total Liabilities: $117,740
- Net Assets: $11,715,618
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Organization Details
Founding Year
1924
Phone
(410) 415-5558Principal Officer
Tierra Dorsey
Main Address
6 PARK CENTER COURT SUITE 211, OWINGS MILLS, MD, 21117
Website
www.central-scholarship.orgNTEE Category
Code: B82 - Education
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