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Education : Scholarship and Financial Support

Central Scholarship

Go Higher.

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Impact Information is available from our partner, GuideStar

four stars

96.74

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

Board Leadership
Jerry Focas
Board Chair

CEO
Jan Wagner
President

  Score
(out of 100)
Rating
Overall Score & Rating 96.74 four stars
  Financial 95.39 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.

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.

Impact Information

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This impact information is current as of July 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

95.39

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
84.8%
  Administrative Expenses 5.9%
  Fundraising Expenses 9.1%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 3.53
  Program Expenses Growth 5.5%
  Liabilities to Assets 0.2%
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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Central Scholarship (MD) 96.74 four stars
Children's Scholarship Fund (NY) 94.47 four stars
All Hands Raised (OR) 86.39 three stars
American Technion Society (NY) 93.52 four stars
Hispanic Scholarship Fund (CA) 91.21 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,195,475
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,195,475
   Program Service Revenue $56,319
Total Primary Revenue $2,251,794
   Other Revenue $783,177
TOTAL REVENUE $3,034,971
   
EXPENSES  
   Program Expenses $1,611,302
   Administrative Expenses $117,891
   Fundraising Expenses $170,024
TOTAL FUNCTIONAL EXPENSES $1,899,217
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,135,754
   
Net Assets $11,601,582

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 $789,850 49.0%
Interest-Free Loans $394,926 24.5%
Workforce Demand Scholarships $394,926 24.5%

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

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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
$136,000 7.16% Jan Wagner President

Highly Rated

Charity Name & State Overall Score Overall Rating
Central Scholarship (MD) 96.74 four stars
North Carolina Agricultural Foundation (NC) 94.86 four stars
Special Operations Warrior Foundation (FL) 95.96 four stars
Futures in Education (NY) 87.25 three stars
Institute for Quality Education (IN) 86.56 three stars

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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

Jerry Focas
Board Chair

CEO

Jan Wagner
President

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