2013-05-13T14:18:59-05:00 2012-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2011-07-01 521072250 Baltimore Educational Scholarship Trust BALT 4107522225 808 North Charles Street Baltimore MD 21201 Amy John 4107522225 2013-05-13 1 William A Seymour P00644232 4105840060 2013-05-03 2011 2016-02-25 16:41:14Z Amy John 808 North Charles Street Baltimore MD 21201 1976891 0 X www.besttrust.org X 1987 MD The Baltimore Educational Scholarship Trust, in partnership with our twenty 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. 43 42 17 15 0 0 800607 689580 408072 378719 132367 364536 0 0 1341046 1432835 694458 553244 0 0 487759 568606 0 0 169733 223738 227973 1405955 1349823 -64909 83012 8910444 8752228 301906 301269 8608538 8450959 X The Baltimore Educational Scholarship Trust, in partnership with our twenty 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. 0 0 1032681 553244 378719 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 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. 1032681 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 17 1 0 0 0 0 0 0 0 0 X 43 42 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 MD X Jill Wood 4107522225 808 North Charles Street Baltimore MD 21201 X Stuart O Simms 4.00 X X 0 0 0 W Boulton Dixon 4.00 X X 0 0 0 Lawrence Snyder 4.00 X X 0 0 0 Donna Hill Staton Esq 1.00 X 0 0 0 Eric S Adler 1.00 X 0 0 0 Teri Alexander 1.00 X 0 0 0 Jason S Bennett 1.00 X 0 0 0 Chris Berrier 4.00 X 0 0 0 Andy Brooks 1.00 X 0 0 0 Kimberly H Cashman 4.00 X 0 0 0 Tiffani Sterette Collins 1.00 X 0 0 0 Brian C Doak 1.00 X 0 0 0 Redmond CS Finney 0.00 X 0 0 0 Michael C Ford 1.00 X 0 0 0 Domonique Foxworth 1.00 X 0 0 0 Molly M Hathaway 0.00 X 0 0 0 David Hunter 1.00 X 0 0 0 Charles E Knudsen III 1.00 X 0 0 0 Crystal A Lee 4.00 X 3000 0 0 Lee S Owen 1.00 X 0 0 0 Stanley I Panitz 0.00 X 0 0 0 Michael A Ray 1.00 X 0 0 0 Vernon A Reid Jr 1.00 X 0 0 0 Theo C Rodgers 1.00 X 0 0 0 Lisa Y Settles Esq 1.00 X 0 0 0 Annie Staley 1.00 X 0 0 0 Michael J Weinfeld 1.00 X 0 0 0 Thomas P Perkins III 0.00 X 0 0 0 F Barton Harvey III 0.00 X 0 0 0 Grant L Jacks III 0.00 X 0 0 0 Christopher J Post 1.00 X 0 0 0 Maureen E Walsh 1.00 X 0 0 0 Dr Andrew D Martire 1.00 X 0 0 0 Jay Scheurle 1.00 X 0 0 0 Matthew W Micciche 1.00 X 0 0 0 G Peter O'Neill Jr 1.00 X 0 0 0 John E Schmick 1.00 X 0 0 0 Ben Shifrin 1.00 X 0 0 0 Marcella Yedid 1.00 X 0 0 0 Sr Shawn Marie Maguire 1.00 X 0 0 0 Charles W Britton 1.00 X 0 0 0 Martha H Sweeney 1.00 X 0 0 0 Taylor Smith 1.00 X 0 0 0 Dan Paradis 1.00 X 0 0 0 Jean W Brune 1.00 X 0 0 0 Thomas J Reid 1.00 X 0 0 0 Dr Monica M Gillespie 1.00 X 0 0 0 Randy S Stevens 1.00 X 0 0 0 Douglas Lagarde 1.00 X 0 0 0 Amy John 40.00 X 93904 0 5700 Jill E Wood 40.00 X 62876 0 8373 Toni N Stokes 40.00 X 64875 0 8493 Jessica Suriano 40.00 X 93511 0 5230 318166 0 27796 0 0 0 0 0 689580 689580 School membership fees 900099 368152 368152 Application fees and o 900099 10567 10567 378719 128481 128481 780111 544056 236055 236055 236055 1432835 378719 0 364536 553244 553244 349996 202998 62999 83999 121935 69226 21207 31502 23170 13438 4171 5561 73505 42633 13231 17641 1100 770 220 110 13100 9170 2620 1310 27603 19322 5521 2760 36870 24217 4709 7944 53716 37601 10743 5372 12268 8587 2454 1227 16161 16161 4636 3245 927 464 Student Prgms/Svcs Expe 39802 39802 Miscellaneous 12492 8428 2446 1618 Cultivation and steward 10225 10225 1349823 1032681 147409 169733 166232 51082 128634 107132 10039 11017 104039 73782 16474 30257 8589065 8552740 8910444 8752228 3112 6747 298794 294522 301906 301269 X -571212 15245 3715203 2971167 5464547 5464547 8608538 8450959 8910444 8752228 X 83012 -240591 X X 0 1 1 X 0 X 699475 611079 521026 800607 689580 3321767 699475 611079 521026 800607 689580 3321767 3321767 237621 192821 140504 132367 128481 831794 4153561 2006834 0.79970 0.79960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8929574 123853 899495 8153932 7766840 1562237 399503 8929574 7488957 784730 369030 137817 7766840 8955398 5000 -1081983 389458 7488957 0.67020 0.32980 0 0 104039 73782 30257 30257 Mutual Funds 8552740 F 8552740 Distributions payable to member schools 294522 294522 1432835 1349823 83012 -240591 -240591 -157579 1192244 -240591 -240591 1432835 0 1432835 1349823 0 1349823 0 1349823 1 The Boys' Latin School of Maryland 822 W Lake Avenue Baltimore MD 21210 520735085 501(c)(3) 23092 Annual Fund gift, 1 Gap funding and SHD Gift. Calvert School Inc 105 Tuscany Road Baltimore MD 21210 520591510 501(c)(3) 22886 Annual Fund gift, 2 Emergency fund grants, and SHD Gift. Chesapeake Academy 1185 Baltimore Annapolis Blvd Arnold MD 210121808 521190025 501(c)(3) 27741 Tuition for the School's Endowed Scholar, Annual Fund gift, and SHD Gift. Friends School of Baltimore Inc 5114 North Charles Street Baltimore MD 21210 520591602 501(c)(3) 36487 Annual Fund Gift, 1 Gap funding, 2 Emergency fund grants, and SHD Gift. Garrison Forest School Inc 300 Garrison Forest Road Owings Mills MD 21117 520591516 501(c)(3) 36522 Tuition for the School's Endowed Scholar, an Annual Fund gift, and SHD Gift Gilman School Inc 5407 Roland Avenue Baltimore MD 21210 520591604 501(c)(3) 39258 Tuition for the School's Chick Lord Endowed Scholar, an Annual Fund gift and SHD Gift The Jemicy School Inc 11 Celadon Road Owings Mills MD 21117 520976194 501(c)(3) 13989 Annual Fund gift and SHD Gift. Key School Inc 543 Hillsmere Drive Annapolis MD 21403 520701774 501(c)(3) 34569 Annual Fund gift, SHD gift, and Tuition for School's Endowed Scholar. Maryvale Preparatory School 11300 Falls Road Brooklandville MD 21022 521160935 501(c)(3) 19790 Annual Fund gift, 1 Emergency fund grant and SHD gift. McDonogh School PO Box 380 Owings Mills MD 211170380 526001577 501(c)(3) 39664 Tuition for the School's Endowed Scholar, an Annual Fund gift and SHD gift. Oldfields School Inc 1500 Glencoe Road Glencoe MD 21152 520591645 501(c)(3) 12557 Annual Fund gift Roland Park Country School Inc 5204 Roland Avenue Baltimore MD 21210 520591631 501(c)(3) 48585 Tuition for the School's Endowed Scholar, Annual Fund gift, SHD gift and 2 Emergency fund grants. Severn School Inc 201 Water Street Severna Park MD 211464599 520591466 501(c)(3) 15575 Annual Fund gift and SHD gift. St Paul's School 11152 Falls Road Brooklandville MD 21022 520591463 501(c)(3) 41610 Tuition for the School's Endowed Scholar, Annual Fund gift, and SHD gift. St Paul's School for Girls Inc 11232 Falls Road Brooklandville MD 21022 520709497 501(c)(3) 36464 Tuition for School's Endowed Scholar, Annual Fund gift, and SHD gift. Corporation of St Timothy's School 8400 Greenspring Ave Stevenson MD 21153 520591488 501(c)(3) 13363 Annual Fund gift and SHD gift. The Byrn Mawr School for Girls of Baltimore City 109 W Melrose Ave Baltimore MD 21210 520258140 501(c)(3) 24122 Annual Fund gift, SHD gift, and Emergency fund grant The Park School of Baltimore PO Box 8200 Brooklandville MD 21022 520591625 501(c)(3) 38112 Tuition for the School's Endowed Scholar, SHD gift, Emergency fund grant, and Annual Fund gift. The Waldorf School of Baltimore Inc 4801 Tamarind Road Baltimore MD 21209 237305478 501(c)(3) 33130 Tuition for the School's Endowed Scholar, Annual Fund gift, SHD gift and 3 Emergency fund grants. 19 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule 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. The Endowed Scholar grant letters will state the amount of the grant and the fact that the funds are to be used to pay 75% of tuition for the Endowed Scholar. B.E.S.T will have received the name of the Endowed Scholar from the school previously, so the student's name is included in the grant letter. The Annual Fund gift letters state the amount of the grant awarded to each school and that it is to be directed toward the school's financial aid budget. The purpose of the School Head's Discretionary (SHD) Fund 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. The money 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. Gap Funding and Emergency Fund grant letters state the amount and the student's name. Copies of the checks and the grant letters sent to the school are maintained in files in B.E.S.T.'s finance department. Form 990, Part VI, Section A, line 2 Charles Knudsen, a trustee, is the husband of Ellen Knudsen, a part time staff member at B.E.S.T. Crystal Lee, a trustee served as Project Director for the Molly Hathaway Program. Form 990, Part VI, Section B, line 11 A 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 12c All 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 15 Research of salaries for similar positions is reviewed and compared. The Board President and Executive Committee reviewed the salary of the Executive Director. The Board President and Executive Director reviewed the salary for the Admissions Director , the Assistant Director of Admissions, Manager of Finance and Operations and the Director of Development. The process occurred last during the spring of 2010. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Contact Addresses for Officers, Directors, Etc Form 990, Part VII Stuart O. Simms - 120 E. Baltimore Street, Suite 1700, Baltimore, MD 21202. W. Boulton Dixon - 509 Whithorn Court, Lutherville, MD 21093. Lawrence Snyder - 4801 Tamarind Road, Baltimore, MD 21209. Donna Hill Staton, Esq. - 13827 Lakeside Drive, Clarksville, MD 20129. Eric S. Adler - 1776 Massachusetts Ave, NW Suite 600, Washington, DC 20036. Teri Alexander - 216 Ridgewood Road, Baltimore, MD 21210. Jason S. Bennett - 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 Sterette Collins - 5876 Pimlico Road, Baltimore, MD 21209. Brian C. Doak - 307 International Circle, 4th Floor, Hunt Valley, MD 21031. Redmond C.S. Finney - 15601 Dover Road, Upperco, MD 21155. Michael C. Ford - 20 Buchanan Road, Baltimore, MD 21212. Domonique Foxworth - 3513 Anton Farms ROad, Pikesville, 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 - 100 E. Pratt Street, Baltimore, MD 21202. Crystal A. Lee - 300 Garrison Forest Road, Owings Mills, MD 21117. Lee S. Owen - P.O. Box 191, Gibson Island, MD 21056. Stanley I. Panitz - 108 St. John's Road, Baltimore, MD 21210. 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 - 1040 Park Avenue, Suite 300, Baltimore, MD 21201. Lisa Y. Settles, Esq. - 901 Dulaney Valey Road, Suite 400, Townson, MD 21204. Annie Staley - 22 Buchanan Road, Baltimore, MD 21212. Michael J. Weinfeld - P.O. Box 251, Brooklandville, MD 21022. Thomas P. Perkins, III - 170 Hicks St., Apt 2, Brooklyn, NY 11201. F. Barton Harvey III - 10227 Wincopin Circle, Columbia, MD 21044. Grant L. Jacks, III - 529 Overbrook Rd., 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. Sr. Shawn Marie Maguire - 11300 Falls Road, Brooklandville, MD 21022. Charles W. Britton - 8600 McDonogh Road, Owings Mills, MD 21117. Martha H. Sweeney - 3257 Birdle Ridge Lane, Stevenson, MD 21153. Taylor Smith - 1500 Glencoe Road, P.O. Box 697, Glencoe, MD 21152. Dan Paradis - 2425 Old Court Road, 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. Dr. Monica M. Gillespie - 11232 Falls Road, Brooklandville, MD 21022. Randy S. Stevens - 8400 Greenspring Avenue, Stevenson, MD 21153. Douglas Lagarde - 201 Water Street, Severna Park, MD 21146. Form 990: Part VII Emeritus Trustee, Stanley I. Panitz died in August 2012. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -240,591. Form 990: Part XII, Line 2c: The process has not changed from prior year.