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BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST INC (EIN 52-1072250)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-07
IRS object ID
201441279349301754
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-07T14:32:39-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN202153727EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SB & Company LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1200 International Cir Suite 5500AddressLine1
CityHunt ValleyCity
StateMDState
ZIP Code21030ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN521072250EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Baltimore Educational Scholarship TrustBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBALTNameControl
Phone4107522225Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1808 North Charles StreetAddressLine1
CityBaltimoreCity
StateMDState
ZIP Code21201ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameAmy JohnName
TitleExecutive DirectorTitle
Phone4107522225Phone
Date Signed2014-05-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameWilliam SeymourName
PTINP00644232PTIN
Phone4105840060Phone
Date Prepared2014-05-02DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonAmy JohnNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1808 North Charles StreetAddressLine1
CityBaltimoreCity
StateMDState
ZIP Code21201ZIPCode
FieldValueIRS element (for citing)
Gross Receipts5720167GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web Sitewww.besttrust.orgWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1987YearFormation
State Legal DomicileMDStateLegalDomicile
Activity Or Mission DescriptionThe Baltimore Educational Scholarship Trust, in partnership with our nineteen independent member schools, recruits and supports throughout 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 throughout academic preparation, character and leadership development and support programs.ActivityOrMissionDescription
Nbr Voting Members Governing Body44NbrVotingMembersGoverningBody
Nbr Independent Voting Members44NbrIndependentVotingMembers
Total Nbr Employees15TotalNbrEmployees
Total Nbr Volunteers15TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year689580ContributionsGrantsPriorYear
Contributions Grants Current Year716939ContributionsGrantsCurrentYear
Program Service Revenue Prior Year378719ProgramServiceRevenuePriorYear
Program Service Revenue CY389267ProgramServiceRevenueCY
Investment Income Prior Year364536InvestmentIncomePriorYear
Investment Income Current Year208585InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year1432835TotalRevenuePriorYear
Total Revenue Current Year1314791TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year553244GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY600768GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year568606SalariesEtcPriorYear
Salaries Etc Current Year562684SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year165480TotalFundrsngExpCurrentYear
Other Expense Prior Year227973OtherExpensePriorYear
Other Expenses Current Year229001OtherExpensesCurrentYear
Total Expenses Prior Year1349823TotalExpensesPriorYear
Total Expenses Current Year1392453TotalExpensesCurrentYear
Revenues Less Expenses Prior Year83012RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-77662RevenuesLessExpensesCY
Total Assets BOY8752228TotalAssetsBOY
Total Assets EOY9383544TotalAssetsEOY
Total Liabilities BOY301269TotalLiabilitiesBOY
Total Liabilities EOY311578TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY8450959NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY9071966NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionThe Baltimore Educational Scholarship Trust, in partnership with our nineteen 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.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1076629Expense
Grants600768Grants
Revenue389267Revenue
DescriptionThe three greatest accomplishments of the Baltimore Educational Scholarship Trust include our admissions support, our student / parent programs and our facilitation of private and public school 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.Description
Total Program Service Expense1076629TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10969NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees15NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members44NbrVotingGoverningBodyMembers
Number Independent Voting Members44NumberIndependentVotingMembers
Family Or Business Relationship1FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address1OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMDStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonJill WoodNamePerson
Telephone Number4107522225TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1808 North Charles StreetAddressLine1
CityBaltimoreCity
StateMDState
ZIP Code21201ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (53 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
Eric S Adler
Trustee1.00X000
Teri Alexander
Trustee1.00X000
Jason S Bennett
Trustee1.00X000
Chris Berrier
Trustee4.00X000
Andy Brooks
Trustee1.00X000
Kimberly H Cashman
Trustee4.00X000
Tiffani S Collins
Board Secretary1.00X000X
Cheo D Hurley
Trustee1.00X000
W Boulton Dixon
Board Vice President4.00X000X
Brian C Doak
Trustee1.00X000
Redmond CS Finney
Emeritus Trustee0.00X000
Michael C Ford
Trustee1.00X000
Domonique Foxworth
Trustee1.00X000
Molly M Hathaway
Emeritus Trustee0.00X000
David Hunter
Trustee1.00X000
Charles E Knudsen III
Trustee1.00X000
Crystal A Lee
Trustee4.00X000
Lee S Owen
Trustee1.00X000
Michael A Ray
Trustee1.00X000
Vernon A Reid Jr
Trustee1.00X000
Theo C Rodgers
Emeritus Trustee1.00X000
Stuart O Simms
Board President4.00X000X
Lawrence Snyder
Board Tresurer4.00X000X
Anne Staley
Trustee1.00X000
John H Timken
Trustee1.00X000
Michael J Weinfeld
Trustee1.00X000
Thomas P Perkins III
Emeritus Trustee0.00X000
F Barton Harvey III
Emeritus Trustee0.00X000
Grant L Jacks III
Emeritus Trustee0.00X000
Christopher J Post
Trustee1.00X000
Maureen E Walsh
Trustee1.00X000
Dr Andrew D Martire
Trustee1.00X000
Jay Scheurle
Trustee1.00X000
Matthew W Micciche
Trustee1.00X000
G Peter O'Neill Jr
Trustee1.00X000
John E Schmick
Trustee1.00X000
Ben Shifrin
Trustee1.00X000
Marcella Yedid
Trustee1.00X000
Tracey H Ford
Trustee1.00X000
Charles W Britton
Trustee1.00X000
Martha H Sweeney
Trustee1.00X000
Taylor Smith
Trustee1.00X000
Dan Paradis
Trustee1.00X000
Jean W Brune
Trustee1.00X000
Thomas J Reid
Trustee1.00X000
Lila Lohr
Trustee1.00X000
Randy S Stevens
Trustee1.00X000
Douglas Lagarde
Trustee1.00X000
Edward Meade
Trustee1.00X000
Amy John
Executive Director40.009600005820X
Jill E Wood
Manager of Finance & Ops40.006486808683X
Toni N Stokes
Director of Admissions40.006686808803X
Jessica Suriano
Director of Development40.009600006261X
FieldValueIRS element (for citing)
Total Reportable Comp From Org323736TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation29567TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions716939AllOtherContributions
Total Contributions716939TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
School membership fees900099379197379197
Application fees and other9000991007010070
FieldValueIRS element (for citing)
Total Program Service Revenue389267TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column208971TotalRevenueColumn
Exclusion$208,971ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities4404990Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities4405376Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities-386Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-386TotalRevenueColumn
Exclusion-$386ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column1314791TotalRevenueColumn
Related Or Exempt Function Income389267RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$208,585ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total600768Total
Program Services600768ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total359874Total
Program Services205647ProgramServices
Management And General68177ManagementAndGeneral
Fundraising86050Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total96190Total
Program Services54967ProgramServices
Management And General18223ManagementAndGeneral
Fundraising23000Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total27240Total
Program Services15616ProgramServices
Management And General5502ManagementAndGeneral
Fundraising6122Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total41011Total
Program Services23510ProgramServices
Management And General8284ManagementAndGeneral
Fundraising9217Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total38369Total
Program Services21996ProgramServices
Management And General7750ManagementAndGeneral
Fundraising8623Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total510Total
Program Services342ProgramServices
Management And General92ManagementAndGeneral
Fundraising76Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total13600Total
Program Services9112ProgramServices
Management And General2448ManagementAndGeneral
Fundraising2040Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total9846Total
Program Services6597ProgramServices
Management And General1772ManagementAndGeneral
Fundraising1477Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total31852Total
Program Services17282ProgramServices
Management And General5889ManagementAndGeneral
Fundraising8681Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total18445Total
Program Services12358ProgramServices
Management And General3320ManagementAndGeneral
Fundraising2767Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total51923Total
Program Services36346ProgramServices
Management And General10385ManagementAndGeneral
Fundraising5192Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total1017Total
Program Services610ProgramServices
Management And General305ManagementAndGeneral
Fundraising102Fundraising

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total13812Total
Management And General13812ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total5853Total
Program Services3512ProgramServices
Management And General1756ManagementAndGeneral
Fundraising585Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesFundraisingFundraisingManagement And GeneralManagementAndGeneral
Student Prgms/Svcs Expe6219862198
Cultivation and steward1019110191
Miscellaneous9754576813572629

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1392453Total
Program Services1076629ProgramServices
Management And General150344ManagementAndGeneral
Fundraising165480Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY51082BOY
EOY76256EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY107132BOY
EOY83030EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY11017BOY
EOY15538EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis118259LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec79009LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY30257BOY
EOY39250EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY8552740BOY
EOY9169470EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY8752228BOY
EOY9383544EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY6747BOY
EOY2686EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY294522BOY
EOY308892EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY301269BOY
EOY311578EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY15245BOY
EOY77610EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2971167BOY
EOY3529809EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY5464547BOY
EOY5464547EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY8450959BOY
EOY9071966EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY8752228BOY
EOY9383544EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-77662ReconcilationRevenueExpenses
Reconciliation Unrealized Invest698669ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years611079CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years521026CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years800607CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year689580CurrentTaxYearMinus1Year
Current Tax Year716939CurrentTaxYear
Total3339231Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years611079CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years521026CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years800607CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year689580CurrentTaxYearMinus1Year
Current Tax Year716939CurrentTaxYear
Total3339231Total
FieldValueIRS element (for citing)
Public Support Total1703339231PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years192821CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years140504CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years132367CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year128481CurrentTaxYearMinus1Year
Current Tax Year208585CurrentTaxYear
Total802758Total
FieldValueIRS element (for citing)
Total Support4141989TotalSupport
Gross Receipts From Admissions Etc1967517GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.80620PublicSupportPertcentage170
Public Support Pertcent Prior Year0.79970PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance8153932BeginningOfYearBalance
Investment Earnings Or Losses907024InvestmentEarningsOrLosses
Other Expenditures389949OtherExpenditures
End Of Year Balance8671007EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance8929574BeginningOfYearBalance
Investment Earnings Or Losses123853InvestmentEarningsOrLosses
Other Expenditures899495OtherExpenditures
End Of Year Balance8153932EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance7766840BeginningOfYearBalance
Investment Earnings Or Losses1562237InvestmentEarningsOrLosses
Other Expenditures399503OtherExpenditures
End Of Year Balance8929574EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance7488957BeginningOfYearBalance
Investment Earnings Or Losses784730InvestmentEarningsOrLosses
Other Expenditures369030OtherExpenditures
Administrative Expenses137817AdministrativeExpenses
End Of Year Balance7766840EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance8955398BeginningOfYearBalance
Contributions5000Contributions
Investment Earnings Or Losses-1081983InvestmentEarningsOrLosses
Other Expenditures389458OtherExpenditures
End Of Year Balance7488957EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance0.63020PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.36980TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis118259OtherCostOrOtherBasis
Depreciation79009Depreciation
Book Value39250BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings39250TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
Money market funds684482F
Domestic US Stocks/Funds4238519F
International Stocks/Funds1602922F
Fixed Income2643547F
FieldValueIRS element (for citing)
Total Of Book Value Securities9169470TotalOfBookValueSecurities

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
Distributions payable to schools$303,358
Capital Lease$5,534
FieldValueIRS element (for citing)
Total Of Amounts308892TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt2013460TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments698669NetUnrealizedGainsInvestments
Revenue Not Rptd F990698669RevenueNotRptdF990
Revenue Subtotal1314791RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9901314791TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1392453TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1392453ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901392453TotalExpensesPerForm990

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (19 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
The Boys' Latin School of Maryland
822 W Lake AvenueBaltimoreMD21210520735085501(c)(3)25806Annual Fund gift, 1 Emergency Fund grant, and SHDF gift.
Calvert School Inc
105 Tuscany RoadBaltimoreMD21210520591510501(c)(3)21119Annual Fund gift, SHDF gift, and 1 Emergency Fund grant.
Chesapeake Academy
1185 Baltimore Annapolis BlvdArnoldMD210121808521190025501(c)(3)29222Tuition for the School's Endowed Scholar, Annual Fund gift, and 1 SHDF gift.
Friends School of Baltimore Inc
5114 North Charles StreetBaltimoreMD21210520591602501(c)(3)38579Annual Fund gift, 3 Gap Funding, SHDF gift, and 1 Emergency Fund grant.
Garrison Forest School Inc
300 Garrison Forest RoadOwings MillsMD21117520591516501(c)(3)19966Annual Fund gift and SHDF gift.
Gilman School Inc
5407 Roland AvenueBaltimoreMD21210520591604501(c)(3)42015Tuition for the School's Chick Lord Endowed Scholar, Annual Fund gift, and SHDF gift.
The Jemicy School Inc
11 Celadon RoadOwings MillsMD21117520976194501(c)(3)14713Annual Fund gift and SHDF gift.
Key School Inc
543 Hillsmere DriveAnnapolisMD21403520701774501(c)(3)35052Tuition for School's Endowed Scholar, Annual Fund gift, and SHDF gift.
Maryvale Preparatory School
11300 Falls RoadBrooklandvilleMD21022521160935501(c)(3)26397Annual Fund gift, SHDF gift, and 2 Emergency Fund grants.
McDonogh School
PO Box 380Owings MillsMD211170380526001577501(c)(3)41650Tuition for the School's Endowed Scholar, Annual Fund gift, and SHDF gift.
Oldfields School Inc
1500 Glencoe RoadGlencoeMD21152520591645501(c)(3)13156Annual Fund gift and SHDF gift.
Roland Park Country School Inc
5204 Roland AvenueBaltimoreMD21210520591631501(c)(3)52460Tuition for the School's Endowed Scholar, Annual Fund gift, SHDF gift, and 2 Emergency Fund grants.
Severn School Inc
201 Water StreetSeverna ParkMD211464599520591466501(c)(3)15680Annual Fund gift and SHDF gift.
St Paul's School
11152 Falls RoadBrooklandvilleMD21022520591463501(c)(3)45353Tuition for the School's Endowed Scholar, Annual Fund gift, SHDF gift, and 1 Emergency Fund grant.
St Paul's School for Girls Inc
11232 Falls RoadBrooklandvilleMD21022520709497501(c)(3)49717Tuition for School's Endowed Scholar, Annual Fund gift, SHDF gift, and one grant from donor toward specified student's tuition.
Corporation of St Timothy's School
8400 Greenspring AveStevensonMD21153520591488501(c)(3)13624Annual Fund gift and SHDF gift.
The Byrn Mawr School for Girls of Baltimore City
109 W Melrose AveBaltimoreMD21210520258140501(c)(3)33451Annual Fund gift, SHDF gift, and 2 Emergency Fund grants.
The Park School of Baltimore
PO Box 8200BrooklandvilleMD21022520591625501(c)(3)59599Tuition for the School's 2 Endowed Scholars, Annual Fund gift, SHDF gift, and 1 Emergency Fund grant.
The Waldorf School of Baltimore Inc
4801 Tamarind RoadBaltimoreMD21209237305478501(c)(3)14372Annual Fund gift and SHDF gift.
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants19TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierProcedure for Monitoring Grants in the U.S.:Identifier
Return ReferencePart I, Line 2:ReturnReference
ExplanationSchedule I, Part I, Line 2: When B.E.S.T. provides grants for Endowed Scholars, Gap Funding, Emergency Funding, Annual Fund gifts and School Head Discretionary Fund, they send a check and a letter to each of the schools. The letter states the intended use of the money being sent to the school. Annual Fund gifts are given to the schools. The school uses these funds toward their financial aid for students. The Annual Fund gift letters state the amount of the grant awarded to each school and that it is directed toward the school's financial aid budget. Endowed Scholars gifts are given to the schools. B.E.S.T. pays 75% of the current tuition for the Endowed Scholar. There are 9 Endowed Scholars. The Endowed Scholar at Gilman School, Inc., is called the Chick Lord Scholar. B.E.S.T. would have received the name of the Endowed Scholar from the school previously, so the student's name is included in the grant letter. Emergency Funds are given to schools. These funds are for students currently enrolled who run into financial difficulties. The requests come from the students' school. This is a one-time request. Emergency Fund grant letters state the amount and the student's name. The fund allows students to remain enrolled at their school. Gap Funds are a one-time grant to member schools. These grants help a new applicant get enrolled. B.E.S.T. pays a part of the tuition to help the new applicant get enrolled and the school makes a commitment to cover the difference moving forward. Gap Funding grant letters state the amount and the student's name. The purpose of the School Head's Discretionary Fund (SHDF) at the Baltimore Educational Scholarship Trust is to provide school Heads auxiliary funding to support B.E.S.T. students on their campuses. The support can include necessary services as well as experiential learning opportunities at the discretion of the School Head. The funds may not be used to supplement tuition. Each year the school must submit a detailed report to B.E.S.T. on how the funds were used. Copies of the checks and the grant letters sent to the school are maintained in files in B.E.S.T.'s finance department.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
Form 990, Part VI, Section A, line 2Charles Knudsen, a trustee, is the husband of Ellen Knudsen, a part time staff member at B.E.S.T.
Form 990, Part VI, Section B, line 11A copy of the Form 990 is distributed to the finance and audit committee where they review the document. Once the draft is reviewed, edited and approved, the Form 990 is considered complete and the Executive Director signs the final version.
Form 990, Part VI, Section B, line 12cAll trustees and key employees are required each year to sign the conflict of interest policy. The returned forms are stored at B.E.S.T. in the Trustee's individual files in the executive office. The conflict of interest for the key employees are stored in the personnel files of the individuals. If a conflict exists, the Executive Director would review with the Board President.
Form 990, Part VI, Section B, line 15Research of salaries for similar positions and similar organizations is reviewed and compared. The Board President and Executive Committee reviewed the salary of the Executive Director. The Executive Director reviewed the salary for the Admissions Director, the Assistant Director of Admissions, the Manager of Finance and Operations, the Director of Development, the Development Associate and the Admissions Associate. The review process for fiscal year 2013 occurred during the first quarter of 2012.
Form 990, Part VI, Section C, line 19The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
Form 990, Part VIIEric S. Adler - 1776 Massachusetts Ave NW, Suite 600, Washington, DC 20036. Teri Alexander - 216 Ridgewood Road, Baltimore , MD 21210. Jason S. Bennett - Legg Mason - 100 International Drive, Baltimore , MD 21202. Chris Berrier - 240 Hopkins Lane, Owings Mills, MD 21117. Andy Brooks - 919 Bellemore Road, Baltimore , MD 21210. Kimberly H. Cashman - 1406 Walnut Hill Lane, Townson, MD 21204. Tiffani S. Collins - 5876 Pimlico Road, Baltimore , MD 21209. Cheo D. Hurley - 3707 Edgewood Road, Baltimore , MD 21215. W. Boulton Dixon - 509 Whithorn Court, Lutherville, MD 21093. Brian C. Doak - The Murray Group - 307 International Circle, 4th Floor, Hunt Valley, MD 21031. Redmond C.S. Finney - Landslide Farm - 15601 Dover Road, Upperco, MD 21155. Michael C. Ford - 20 Buchanan Road, Baltimore , MD 21212. Domonique Foxworth - 3513 Anton Farms Road, Pikeville, MD 21208. Molly M. Hathaway - 6525 Montrose Avenue, Baltimore , MD 21212. David Hunter - 901 S. Bond Street, Suite 400, Baltimore , MD 21231. Charles E. Knudsen, III - T. Rowe Price Associates, Inc. - 100 E. Pratt St, Baltimore , MD 21202. Crystal A. Lee - Garrison Forest School - 300 Garrison Forest Road, Owings Mills, MD 21117. Lee S. Owen - P.O. Box 191, Gibson Island, MD 21056. Michael A. Ray - 1 Aston Court, Owings Mills, MD 21117. Vernon A. Reid, Jr. - 100 E. Pratt Street, 7th Floor, Baltimore , MD 21202. Theo C. Rodgers - A & R Development Corp. - 1040 Park Avenue, Suite 300, Baltimore , MD 21201. Stuart O. Simms - 120 E. Baltimore Street, Suite 1700, Baltimore , MD 21202. Lawrence Snyder - 4801 Tamarind Road, Baltimore , MD 21209. Anne Staley - 22 Buchanan Road, Baltimore , MD 21212. John H. Timken - 13827 Lakeside Drive, Clarksville, MD 20129. Michael J. Weinfeld - P.O. Box 251, Brooklandville, MD 21022. Thomas P. Perkins, III - Roland Park Place - 840 East 40th Street, Baltimore , MD 21211. F. Barton Harvey III - 10227 Wincopin Circle, Columbia, MD 21044. Grant L. Jacks, III - 529 Overbrook Road, Baltimore , MD 21212. Christopher J. Post - 822 West Lake Avenue, Baltimore , MD 21210. Maureen E. Walsh - 109 West Melrose Avenue, Baltimore , MD 21210. Dr. Andrew D. Martire - 105 Tuscany Road, Baltimore , MD 21210. Jay Scheurle - 1185 Baltimore Annapolis Blvd., Arnold, MD 21012. Matthew W. Micciche - 5114 N. Charles Street, Baltimore , MD 21210. G. Peter O'Neill, Jr. - 300 Garrison Forest Road, Owings Mills, MD 21117. John E. Schmick - 5407 Roland Avenue, Baltimore , MD 21210. Ben Shifrin - 11202 Garrison Forest Road, Owings Mills, MD 21117. Marcella Yedid - 534 Hillsmere Drive, Annapolis, MD 21403. Tracey H. Ford - 11300 Falls Road, Brooklandville, MD 21022. Charles W. Britton - 8600 McDonogh Road, Owings Mills, MD 21117. Martha H. Sweeney - 3257 Bridle Ridge Lane, Stevenson, MD 21153. Taylor Smith - 1500 Glencoe Road/P.O. Box 697, Glencoe, MD 21152. Dan Paradis - P.O. Box 8200, Brooklandville, MD 21022. Jean W. Brune - 5204 Roland Avenue, Baltimore , MD 21210. Thomas J. Reid - 11152 Falls Road/P.O. Box 8100, Brooklandville, MD 21022. Lila Lohr - 11232 Falls Road, Brooklandville, MD 21022. Randy S. Stevens - 8400 Greenspring Avenue, Stevenson, MD 21153. Douglas Lagarde - 201 Water Street, Severna Park, MD 21146. Edward Meade - 4801 Tamarind Road, Baltimore , MD 21209.Contact Addresses for Officers, Directors, Etc
Form 990, Part XII, Line 2c:The process has not changed from prior year.