Baltimore Educational Scholarship Trust Inc

Organization Overview

Baltimore Educational Scholarship Trust Inc is located in Baltimore, MD. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Baltimore Educational Scholarship Trust Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Educational Scholarship Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Baltimore Educational Scholarship Trust Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Baltimore Educational Scholarship Trust Inc has awarded 144 individual grants totaling $4,393,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, IN PARTNERSHIP WITH OUR EIGHTEEN 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $117,175
All other contributions, gifts, grants, and similar amounts not included above$777,151
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$894,326
Total Program Service Revenue$441,418
Investment income $278,004
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $95
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,613,843

Grants Awarded

Over the last fiscal year, Baltimore Educational Scholarship Trust Inc has awarded $563,095 in support to 20 organizations.

Grant RecipientAmount

ST PAUL'S SCHOOLS

Org PageRecipient Profile

Lutherville, MD

PURPOSE: SHDF, FA GIFT, PANITZ AWARD, EMERGENCY FUND

$50,692

Baltimore, MD

PURPOSE: SHDF, FA GIFT, EMERGENCY FUND, ENDOWED SCHOLAR

$44,632

PARK SCHOOL OF BALTIMORE

Org PageRecipient Profile

Baltimore, MD

PURPOSE: SHDF, FA GIFT, GAP FUNDING GRANT, EMERGENCY FUND

$44,490

FRIENDS SCHOOL OF BALTIMORE

Org PageRecipient Profile

Owings Mills, MD

PURPOSE: SHDF, FA GIFT, ENDOWED SCHOLAR

$40,509

Brooklandville, MD

PURPOSE: SHDF, FA GIFT, ENDOWED SCHOLAR

$39,305

Baltimore, MD

PURPOSE: SHDF, FA GIFT, PANITZ AWARD, STUART O. SIMMS' PRES FUND GRANT. DEERING GRANT

$36,770
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Baltimore Educational Scholarship Trust Inc has recieved totaling $25,000.

Awarding OrganizationAmount
Brown Family Foundation Inc

Butler, MD

PURPOSE: UNRESTRICTED

$10,000
Bruce And Deborah Duncan Foundation

Naples, FL

PURPOSE: RECRUITS AND SUPPORTS THROUGHOUT THE ADMISSIONS PROCESS ACADEMICALLY TALENTED AFRICAN AMERICAN STUDENTS WITH FINANCIAL NEED FROM THE BALTIMORE AREA.

$10,000
P O W E R Foundation Inc

Baltimore, MD

PURPOSE: EDUCATIONAL

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,969,329
Earnings$2,320,175
Grants$435,164
Ending Balance$10,854,340

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