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Education : Scholarship and Financial Support

Central Scholarship

Go Higher.

four stars

97.40

6 Park Center Court Suite 211
Owings Mills, MD 21117
tel: (410) 415-5558   Web Site
EIN: 52-6012589

Board Leadership
Russ Causey
Board Chair

CEO
Jan Wagner
President

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 97.40 four stars
  Financial 96.33 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Why isn't this based on more recent data?

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. Founded in 1924, we award scholarships and interest-free loans to students pursuing higher education. Through Central Scholarship, students are able to afford tuition and fulfill their potential.

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. Founded in 1924, we award scholarships and interest-free loans to students pursuing higher education. Through Central Scholarship, students are able to afford tuition and fulfill their potential.

Learn more about how we calculate the overall score and rating.

Financial

four stars

96.33

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 84.0%
  Administrative Expenses 7.0%
  Fundraising Expenses 8.8%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 3.15
  Program Expenses Growth 6.6%
  Liabilities to Assets 1.1%
All data for Financial Performance Metrics calculations was provided by Central Scholarship on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Central Scholarship on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Central Scholarship (MD) 97.40 four stars
Hispanic Scholarship Fund (CA) 90.91 four stars
Foster Care to Success (OH) 89.56 three stars
Great Aspirations Scholarship Program (GRASP) (VA) 100.00 four stars
Catholic Education Arizona (AZ) 85.06 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,572,297
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,572,297
   Program Service Revenue $16,863
Total Primary Revenue $1,589,160
   Other Revenue $289,906
TOTAL REVENUE $1,879,066
   
EXPENSES  
   Program Expenses $1,809,787
   Administrative Expenses $186,367
   Fundraising Expenses $210,802
TOTAL FUNCTIONAL EXPENSES $2,206,956
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-327,890
   
Net Assets $12,688,698

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $1,216,156 67.2%
Interest-Free Loans $316,006 17.5%
Career Training Scholarships $277,625 15.3%

Ratings History
Central Scholarship has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 02/01/2021 97.40 four stars
2018-06 10/01/2019 94.65 four stars
2017-06 02/01/2019 96.74 four stars
2016-06 03/01/2018 96.95 four stars
2015-06 09/01/2017 93.29 four stars
2015-06 11/01/2016 92.72 four stars
2014-06 06/01/2016 93.24 four stars
 
CN 2.0
2014-06 11/01/2015 92.21 four stars
2013-06 11/01/2014 88.54 three stars
2012-06 10/01/2013 86.72 three stars
2011-06 06/01/2013 88.98 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-6012589
Name in IRS Master File THE CENTRAL SCHOLARSHIP BUREAU INC
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 1952
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$145,701 6.60% Jan Wagner President

Highly Rated

Charity Name & State Overall Score Overall Rating
Central Scholarship (MD) 97.40 four stars
Folds of Honor (OK) 98.23 four stars
Alliance for Education (WA) 87.19 three stars
Evans Scholars Foundation (IL) 91.97 four stars
Seeds of Hope Charitable Trust (CO) 98.23 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Central Scholarship
6 Park Center Court
Suite 211
Owings Mills, MD 21117
tel: (410) 415-5558
fax: (410) 415-5501
EIN: 52-6012589

Visit Web Site

Board Leadership

Russ Causey
Board Chair

CEO

Jan Wagner
President

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