Form 990 for tax year 2023
Filed by BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INC.
Totals
- Total revenue
- $1,687,912
- Total expenses
- $1,731,845
- Contributions and grants received
- $838,767
- Grants paid
- $649,936
- Program service revenue
- $443,286
- Investment income
- $405,859
- Other revenue
- $0
- Total assets, end of year
- $13,140,714
- Total liabilities, end of year
- $358,937
- Net assets or fund balances, end of year
- $12,781,777
- Program services expenses (Part IX)
- $1,386,235
- Management and general expenses
- $202,630
- Fundraising expenses
- $142,980
- Program service expenses (Part III)
- $1,386,235
Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$838,767
-
2a · Program service revenue: SCHOOL MEMBERSHIP FEES
total $429,249 · related or exempt $429,249
-
2b · Program service revenue: APPLICATION FEES AND O
total $14,037 · related or exempt $14,037
-
3 · Investment income
total $406,268 · excluded $406,268
-
7a · Gross sales of assets other than inventory
securities $475,000
-
7b · Less cost or other basis and sales expenses
securities $475,409
-
7c · Gain or loss
securities -$409
-
7d · Net gain or loss
total -$409 · related or exempt -$409
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $647,248 · program services $647,248
-
2 · Grants to domestic individuals
total $2,688 · program services $2,688
-
5 · Compensation of officers, directors and key employees
total $366,032 · program services $241,581 · management and general $80,527 · fundraising $43,924
-
7 · Other salaries and wages
total $194,759 · program services $128,540 · management and general $42,847 · fundraising $23,372
-
8 · Pension plan contributions
total $9,773 · program services $6,451 · management and general $2,150 · fundraising $1,172
-
9 · Other employee benefits
total $49,609 · program services $32,742 · management and general $10,914 · fundraising $5,953
-
10 · Payroll taxes
total $43,237 · program services $28,536 · management and general $9,513 · fundraising $5,188
-
11f · Fees: investment management
total $461 · management and general $461
-
11g · Fees: other
total $76,116 · program services $50,237 · management and general $16,745 · fundraising $9,134
-
13 · Office expenses
total $44,737 · program services $26,818 · management and general $7,499 · fundraising $10,420
-
16 · Occupancy
total $62,572 · program services $41,298 · management and general $13,765 · fundraising $7,509
-
19 · Conferences, conventions and meetings
total $3,984 · program services $2,551 · management and general $1,433
-
22 · Depreciation, depletion and amortization
total $9,302 · management and general $9,302
-
23 · Insurance
total $14,761 · program services $9,742 · management and general $3,248 · fundraising $1,771
-
24a · Other expenses: STUDENT PROGRAMS/EVENTS
total $143,665 · program services $143,665
-
24b · Other expenses: CULTIVATION AND STEWARD
total $27,822 · fundraising $27,822
-
24c · Other expenses: BUSINESS EXPENSES
total $13,168 · program services $8,995 · management and general $2,537 · fundraising $1,636
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $7,681 · program services $4,303 · management and general $1,689 · fundraising $1,689
-
24e · All other expenses
total $14,230 · program services $10,840 · fundraising $3,390
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,812 · end of year $225,018
-
3 · Pledges and grants receivable
beginning of year $80,882 · end of year $102,858
-
9 · Prepaid expenses and deferred charges
beginning of year $9,260 · end of year $4,513
-
10a · Land, buildings and equipment: cost or other basis
$12,972
-
10b · Land, buildings and equipment: accumulated depreciation
$6,471
-
10c · Land, buildings and equipment, net
beginning of year $23,458 · end of year $6,501
-
12 · Investments: other securities
beginning of year $12,067,589 · end of year $12,801,824
-
15 · Other assets
beginning of year $53,531 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $20,649 · end of year $32,139
-
18 · Grants payable
beginning of year $339,448 · end of year $326,798
-
25 · Other liabilities
beginning of year $53,854 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,370,113 · end of year $1,390,888
-
28 · Net assets with donor restrictions
beginning of year $10,744,468 · end of year $11,390,889
Mission and programs · 2023
Mission
THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, IN PARTNERSHIP WITH OUR SEVENTEEN 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.
-
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.
Expenses $1,386,235 · Grants $649,936 · Revenue $443,286
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Young Karlo GYOUNG KARLO G
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Collins Tiffani SCOLLINS TIFFANI S
BOARD VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Schmick John ESCHMICK JOHN E
BOARD SECOND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Berrier Christopher ABERRIER CHRISTOPHER A
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Watson Craig SWATSON CRAIG S
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Alexander TeriALEXANDER TERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ascione DavidASCIONE DAVID
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Blatti CarolineBLATTI CAROLINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brune Jean WBRUNE JEAN W
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Cooper MarinaCOOPER MARINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Delancey MalikaDELANCEY MALIKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donovan ChristianDONOVAN CHRISTIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dixon W BoultonDIXON W BOULTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Farace David JFARACE DAVID J
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ford Michael CFORD MICHAEL C
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Harvey III F BartonHARVEY III F BARTON
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Hathaway Molly MHATHAWAY MOLLY M
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Holmgren Andrew BHOLMGREN ANDREW B
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hughes Christopher AHUGHES CHRISTOPHER A
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hunter David BHUNTER DAVID B
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hurley Cheo DHURLEY CHEO D
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Hutchins DianeHUTCHINS DIANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jacks III GrantJACKS III GRANT
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Kerman Nikki JKERMAN NIKKI J
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lagarde DouglasLAGARDE DOUGLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lorber Timothy JLORBER TIMOTHY J
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Malfa EreniMALFA ERENI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nespole MatthewNESPOLE MATTHEW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Owen Lee SOWEN LEE S
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paradis Daniel JPARADIS DANIEL J
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Perry Joshua RPERRY JOSHUA R
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Post Christopher JPOST CHRISTOPHER J
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Powell Bryan DPOWELL BRYAN D
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reid Jr Vernon AREID JR VERNON A
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Rodgers Theo CRODGERS THEO C
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Sadler Susan TSADLER SUSAN T
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shifrin BenSHIFRIN BEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Simms Stuart OSIMMS STUART O
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Smith Anna LSMITH ANNA L
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wolf Smith BrendaWOLF SMITH BRENDA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Smyth Henry PaSMYTH HENRY PA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Snyder Lawrence RSNYDER LAWRENCE R
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Staley AnneSTALEY ANNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stevens Randy SSTEVENS RANDY S
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sweeney Martha HSWEENEY MARTHA H
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timken John HTIMKEN JOHN H
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Trusty Jr EdwardTRUSTY JR EDWARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tuck Ashlee STUCK ASHLEE S
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Yalcin KeyiaYALCIN KEYIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Yerman William LYERMAN WILLIAM L
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jessica SurianoJESSICA SURIANO
EXECUTIVE DIRECTOR
- Total calculated
- $151,593
- From this org
- $142,500
- From related orgs
- $0
- Other
- $9,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,500
- Bonus
- $0
- Other
- $0
- Deferred
- $8,580
- Nontaxable benefits
- $513
- Filer's total
- $151,593
-
Crystal AlstonCRYSTAL ALSTON
DIRECTOR OF ADVANCEMENT
- Total calculated
- $115,598
- From this org
- $102,302
- From related orgs
- $0
- Other
- $13,296
- Hours/week
- 40
-
Jill WoodJILL WOOD
DIRECTOR OF FINANCE AND OPERATIONS
- Total calculated
- $98,842
- From this org
- $82,392
- From related orgs
- $0
- Other
- $16,450
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$72,762
SHDF, GAP FUNDING, SIMMS GRANTS, FA GIFT, EMERGENCY FUNDING, CHICK LORD SCHOLAR
-
$66,498
SHDF, EMERGENCY FUNDING, SIMMS GRANTS, FA GIFT, PANITZ AWARD, GAP FUNDING
-
$49,466
SHDF, GAP FUNDING, FA GIFTS, SIMMS GRANTS
-
$47,768
SHDF, GAP FUNDING, CHICK LORD SCHOLAR, FA GIFT, EMERGENCY FUNDING, PANITZ AWARD
-
$44,508
SHDF, EMERGENCY FUNDING, FA GIFT , PANITZ AWARD, GAP FUNDING
-
$44,349
SHDF, FA GIFT, EMERGENCY FUNDING, CHICK LORD SCHOLARS, GAP FUNDING
-
$42,440
SHDF, GAP FUNDING, CHICK LORD SCHOLAR, FA GIFT, SIMMS GRANTS, EMERGENCY FUNDING
-
$39,757
SHDF, GAP FUNDING, SIMMS GRANTS, FA GIFT
-
SHDF, GAP FUNDING, EMERGENCY FUNDING, FA GIFT , CHICK LORD SCHOLAR
-
$37,974
SHDF, GAP FUNDING, FA GIFT, SIMMS GRANTS, EMERGENCY FUNDING
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521289349302437
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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