BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST

EIN: 521072250 501(c)(3) Education

BALTIMORE, MD

Total Revenue
$1,687,912
Total Expenses
$1,731,845
Total Assets
$13,140,714
Net Assets
$12,781,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MD
Principal Officer
JESSICA SURIANO
Phone
4107522225
Tax Period
2023-07-01 to 2024-06-30

BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST, founded in 1987, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $12.8M represent 91 months of operating reserves.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $838,767
Program Service Revenue $443,286
Investment Income $405,859
Other Revenue $0
TOTAL REVENUE $1,687,912

Expense Breakdown

Grants Paid $649,936
Salaries & Benefits $663,410
Fundraising Expenses $142,980
Program Expenses $1,386,235
Other Expenses $418,499
TOTAL EXPENSES $1,731,845

Year-over-Year Comparison

2023 2022 Change
Revenue $1,687,912 $1,527,888 +0.1%
Expenses $1,731,845 $1,652,642 +0.0%
Net Income $-43,933 $-124,754 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
50
Independent Members
50
Employees
14
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$366,033
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUNG KARLO G BOARD PRESIDENT 4.00
Officer Director
$0 $0 $0
COLLINS TIFFANI S BOARD VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SCHMICK JOHN E BOARD SECOND VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BERRIER CHRISTOPHER A BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
WATSON CRAIG S BOARD TREASURER 2.00
Officer Director
$0 $0 $0
ALEXANDER TERI TRUSTEE 1.00
Director
$0 $0 $0
ASCIONE DAVID TRUSTEE 1.00
Director
$0 $0 $0
BLATTI CAROLINE TRUSTEE 1.00
Director
$0 $0 $0
BRUNE JEAN W EMERITUS 1.00
Director
$0 $0 $0
COOPER MARINA TRUSTEE 1.00
Director
$0 $0 $0
DELANCEY MALIKA TRUSTEE 1.00
Director
$0 $0 $0
DONOVAN CHRISTIAN TRUSTEE 1.00
Director
$0 $0 $0
DIXON W BOULTON TRUSTEE 1.00
Director
$0 $0 $0
FARACE DAVID J TRUSTEE 1.00
Director
$0 $0 $0
FORD MICHAEL C TRUSTEE 2.00
Director
$0 $0 $0
HARVEY III F BARTON EMERITUS 0.00
Director
$0 $0 $0
HATHAWAY MOLLY M EMERITUS 0.00
Director
$0 $0 $0
HOLMGREN ANDREW B TRUSTEE 1.00
Director
$0 $0 $0
HUGHES CHRISTOPHER A TRUSTEE 1.00
Director
$0 $0 $0
HUNTER DAVID B TRUSTEE 1.00
Director
$0 $0 $0
HURLEY CHEO D TRUSTEE 2.00
Director
$0 $0 $0
HUTCHINS DIANE TRUSTEE 2.00
Director
$0 $0 $0
JACKS III GRANT EMERITUS 0.00
Director
$0 $0 $0
KERMAN NIKKI J TRUSTEE 1.00
Director
$0 $0 $0
LAGARDE DOUGLAS TRUSTEE 1.00
Director
$0 $0 $0
LORBER TIMOTHY J TRUSTEE 2.00
Director
$0 $0 $0
MALFA ERENI TRUSTEE 1.00
Director
$0 $0 $0
NESPOLE MATTHEW TRUSTEE 1.00
Director
$0 $0 $0
OWEN LEE S TRUSTEE 1.00
Director
$0 $0 $0
PARADIS DANIEL J TRUSTEE 2.00
Director
$0 $0 $0
PERRY JOSHUA R TRUSTEE 1.00
Director
$0 $0 $0
POST CHRISTOPHER J TRUSTEE 2.00
Director
$0 $0 $0
POWELL BRYAN D TRUSTEE 1.00
Director
$0 $0 $0
REID JR VERNON A EMERITUS 1.00
Director
$0 $0 $0
RODGERS THEO C EMERITUS 1.00
Director
$0 $0 $0
SADLER SUSAN T TRUSTEE 1.00
Director
$0 $0 $0
SHIFRIN BEN TRUSTEE 1.00
Director
$0 $0 $0
SIMMS STUART O EMERITUS 1.00
Director
$0 $0 $0
SMITH ANNA L TRUSTEE 1.00
Director
$0 $0 $0
WOLF SMITH BRENDA TRUSTEE 1.00
Director
$0 $0 $0
SMYTH HENRY PA TRUSTEE 1.00
Director
$0 $0 $0
SNYDER LAWRENCE R TRUSTEE 1.00
Director
$0 $0 $0
STALEY ANNE TRUSTEE 1.00
Director
$0 $0 $0
STEVENS RANDY S TRUSTEE 1.00
Director
$0 $0 $0
SWEENEY MARTHA H TRUSTEE 1.00
Director
$0 $0 $0
TIMKEN JOHN H TRUSTEE 2.00
Director
$0 $0 $0
TRUSTY JR EDWARD TRUSTEE 1.00
Director
$0 $0 $0
TUCK ASHLEE S TRUSTEE 1.00
Director
$0 $0 $0
YALCIN KEYIA TRUSTEE 1.00
Director
$0 $0 $0
YERMAN WILLIAM L TRUSTEE 1.00
Director
$0 $0 $0
JESSICA SURIANO EXECUTIVE DIRECTOR 40.00
Officer
$142,500 $9,093 $151,593
CRYSTAL ALSTON DIRECTOR OF ADVANCEMENT 40.00
Officer
$102,302 $13,296 $115,598
JILL WOOD DIRECTOR OF FINANCE AND OPERATIONS 40.00
Officer
$82,392 $16,450 $98,842
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,687,912 $1,731,845 $13,140,714 $-43,933
2023 $1,527,888 $1,652,642 $12,528,532 $-124,754
2022 $1,667,462 $1,536,684 $12,146,241 $130,778
2021 $1,613,843 $1,527,601 $13,666,046 $86,242
2020 $1,642,869 $1,514,314 $11,413,965 $128,555
2019 $1,638,006 $1,545,975 $11,351,857 $92,031
2018 $1,551,756 $1,566,838 $11,120,795 $-15,082
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