2024-08-21T11:59:31-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 14 WEST MAIN STREET MENDHAM NJ 07945 PRUDENCE PIGOTT PRESIDENT 9739849600 2024-08-09 1 0 BRIDGET HARTNETT P01429163 9739949494 2024-08-09 2023 2024-08-08 14:25:15Z PRUDENCE PIGOTT 14 WEST MAIN STREET MENDHAM NJ 07945 7065609 0 X WWW.TCSFUND.ORG X 1981 NJ TRI-COUNTY SCHOLARSHIP FUND PROVIDES K-12 SCHOLARSHIPS TO DESERVING AND FINANCIALLY DISADVANTAGED CHILDREN IN NORTHERN NEW JERSEY SO THEY CAN OBTAIN A HIGH QUALITY, VALUES-BASED EDUCATION AT ACCREDITED PRIVATE ELEMENTARY AND SECONDARY SCHOOLS THAT WILL ENABLE THEM TO ACHIEVE THEIR FULL POTENTIAL.TCSF HOLDINGS, LLC IS A REAL ESTATE HOLDINGS COMPANY WHOLLY-OWNED BY THE FUND FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY FOR THE BENEFIT OF THE FUND. 60 60 6 80 0 0 4582437 3834761 0 0 161567 298632 -195317 -191369 4548687 3942024 2453500 2680117 0 0 556784 649566 0 0 231412 336796 313373 3347080 3643056 1201607 298968 9199848 10277706 1288307 1474423 7911541 8803283 X TRI-COUNTY SCHOLARSHIP FUND PROVIDES K-12 SCHOLARSHIPS TO DESERVING AND FINANCIALLY DISADVANTAGED CHILDREN IN NORTHERN NEW JERSEY SO THEY CAN OBTAIN A HIGH QUALITY, VALUES-BASED EDUCATION AT ACCREDITED PRIVATE ELEMENTARY AND SECONDARY SCHOOLS THAT WILL ENABLE THEM TO ACHIEVE THEIR FULL POTENTIAL. 0 0 3182434 2680117 SINCE 1981, THE MISSION OF TRI-COUNTY SCHOLARSHIP FUND HAS BEEN TO PROVIDE FINANCIAL SUPPORT TO DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN IN GRADES KINDERGARTEN THROUGH 12, FOR THEM TO ATTEND ACCREDITED PAROCHIAL AND PRIVATE SCHOOLS. PARTIAL SCHOLARSHIPS ARE AWARDED ANNUALLY TO HUNDREDS OF STUDENTS. A TRI-COUNTY SCHOLARSHIP REPRESENTS A PARTNERSHIP BETWEEN THE SCHOOL THAT ALSO DISCOUNTS ITS TUITION, AND THE FAMILY WHO PAY THE BALANCE OF THE TUITION. KINDERGARTEN - 8TH GRADE TRI-COUNTY SCHOLARSHIPS ARE $2,000. HIGH SCHOOL SCHOLARSHIPS ARE FOR $4,000- $5,000. IN 2023, TRI-COUNTY SCHOLARSHIP FUND AWARDED 919 SCHOLARSHIPS.TRI-COUNTY SCHOLARSHIP RECIPIENT FAMILIES HAVE AN AVERAGE ANNUAL INCOME OF $30,000. THE MAJORITY ARE FROM THE INNER-CITY, AND MANY ARE SINGLE-PARENT HOUSEHOLDS. TRI-COUNTY SCHOLARSHIP STUDENTS ATTEND APPROXIMATELY 50 DIFFERENT VALUES-BASED PRIVATE SCHOOLS IN NORTHERN NEW JERSEY. TYPICALLY, 100% OF TRI-COUNTY STUDENTS GRADUATE FROM HIGH SCHOOL, GO ON TO COLLEGE, AND BECOME INDEPENDENT, CONTRIBUTING MEMBERS OF SOCIETY. 3182434 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 2 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 60 60 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 9739849600 14 WEST MAIN STREET MENDHAM NJ 07945 JOSEPH W SPADA CHAIR 1.00 X X 0 0 0 FRANCES HOWARD VICE-CHAIR 1.00 X X 0 0 0 FRED PIERCE TREASURER 2.00 X X 0 0 0 NANCY A LOTTINVILLE ESQ TRUSTEE 0.30 X 0 0 0 A QUENTIN MURRAY III TRUSTEE 0.30 X 0 0 0 PAUL L ONDERDONK TRUSTEE 0.30 X 0 0 0 GEORGE J RACHMIEL TRUSTEE 0.30 X 0 0 0 FATHER MICHAEL TIDD OSB TRUSTEE 0.30 X 0 0 0 ROBERT A SAMETH TRUSTEE 0.30 X 0 0 0 CATHERINE F HIGGINS TRUSTEE 0.30 X 0 0 0 STEVEN J GOULART TRUSTEE 0.30 X 0 0 0 CHARLES VARVARO TRUSTEE 0.30 X 0 0 0 ROBERT J WALDELE TRUSTEE 0.30 X 0 0 0 SUSANNE C WALDELE TRUSTEE 0.30 X 0 0 0 ANNE KRUMP TRUSTEE 0.30 X 0 0 0 MICHAEL C ZOGBY ESQ TRUSTEE 0.30 X 0 0 0 RICK DEBEL TRUSTEE 0.30 X 0 0 0 LINA M MARTINEZ ESQ TRUSTEE 0.30 X 0 0 0 PATRICK F MCGOVERN TRUSTEE 0.30 X 0 0 0 JOSEPH F STEFANS TRUSTEE 0.30 X 0 0 0 ELIZABETH R HENNESSY TRUSTEE 0.30 X 0 0 0 JAMES FRANSON TRUSTEE 0.30 X 0 0 0 MARC ADEE TRUSTEE 0.30 X 0 0 0 KATHERINE GARGIULO TRUSTEE 0.30 X 0 0 0 KATHY MURPHY TRUSTEE 0.30 X 0 0 0 YVONNE PREVIDI TRUSTEE 0.30 X 0 0 0 JUAN D GAMARRA TRUSTEE 0.30 X 0 0 0 MARYBETH SAVAS TRUSTEE 0.30 X 0 0 0 LISA DONINI TRUSTEE 0.30 X 0 0 0 ANN MARIE MANAHAN TRUSTEE 0.30 X 0 0 0 MARK D BODE TRUSTEE 0.30 X 0 0 0 JOHN CARINI TRUSTEE 0.30 X 0 0 0 CATHLEEN CALLAHAN TRUSTEE 0.30 X 0 0 0 ROBERT W CAVALERO TRUSTEE 0.30 X 0 0 0 BRIAN J CLARK TRUSTEE 0.30 X 0 0 0 WILLIAM J COZINE TRUSTEE 0.30 X 0 0 0 JUSTIN MARCUCCI TRUSTEE 0.30 X 0 0 0 CAROLYN BADENHAUSEN TRUSTEE 0.30 X 0 0 0 KEN DONOVAN TRUSTEE 0.30 X 0 0 0 KRIS DONOVAN TRUSTEE 0.30 X 0 0 0 TIMOTHY I DUFFY ESQ TRUSTEE 0.30 X 0 0 0 TREVOR GANDY TRUSTEE 0.30 X 0 0 0 WILLIAM C GASCOIGNE TRUSTEE 0.30 X 0 0 0 JOSEPH A GONNELLA TRUSTEE 0.30 X 0 0 0 MOST REV KEVIN J SWEENEY DD TRUSTEE 0.30 X 0 0 0 TREVOR JONES TRUSTEE 0.30 X 0 0 0 THEODORE J KNAUSS TRUSTEE 0.30 X 0 0 0 TRISH O'KEEFE PHD RN TRUSTEE 0.30 X 0 0 0 RICK DIANA TRUSTEE 0.30 X 0 0 0 ROBERTO YANEZ TRUSTEE 0.30 X 0 0 0 ALINA HABBA ESQ TRUSTEE 0.30 X 0 0 0 SCOTT LENZ TRUSTEE 0.30 X 0 0 0 SACHA MARCUCCI TRUSTEE 0.30 X 0 0 0 REEMA PURI TRUSTEE 0.30 X 0 0 0 AMI E SIMUNOVICH TRUSTEE 0.30 X 0 0 0 ANNEMARIE HOCHKEPPEL TRUSTEE 0.30 X 0 0 0 MICHAEL HOCHKEPPEL TRUSTEE 0.30 X 0 0 0 JUAN C ANDRADE TRUSTEE 0.30 X 0 0 0 KEVIN R GARDNER ESQ TRUSTEE 0.30 X 0 0 0 JOHN J MARCHIONI TRUSTEE 0.30 X 0 0 0 PRUDENCE A PIGOTT PRESIDENT, EX-OFFICIO 40.00 X 235000 0 19881 MIKE MUND OFFICE MANAGER 40.00 X 138993 0 23216 373993 0 43097 2 0 1 0 0 2703585 1131176 32045 3834761 281903 281903 24000 0 24000 24000 24000 2701520 2684791 16729 16729 16729 194825 2703585 424494 -229669 -229669 28600 14300 14300 14300 3942024 0 0 107263 2680117 2680117 254882 196259 10195 48428 286662 220729 11466 54467 15489 11927 619 2943 58044 44694 2323 11027 34489 26557 1380 6552 25280 40 25240 38603 38603 76354 76354 28318 14524 13794 23734 23734 3985 3985 10227 10227 240 240 14320 14320 6682 6682 REPAIRS AND MAINTENANCE 34403 34403 BANK FEES 26352 26352 MISCELLANEOUS 14763 2111 2046 10606 MEALS & ENTERTAINMENT 4390 4390 5722 3111 2611 3643056 3182434 229210 231412 4181013 4563838 115586 52586 5035 28342 726179 67128 673371 659051 4224843 4973889 9199848 10277706 98995 156373 1189312 1315050 0 3000 1288307 1474423 X 4724929 6114895 3186612 2688388 7911541 8803283 9199848 10277706 298968 592774 0 X X 0 1 X 1 0 X 3233693 3908841 3919144 4582437 3834761 19478876 3233693 3908841 3919144 4582437 3834761 19478876 3012802 16466074 114696 109119 159147 159117 305903 847982 20326858 0.81010 0.78000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3981156 146508 846225 4973889 4733900 5000 -757744 3981156 4244107 1859 487934 4733900 3482321 601601 310185 150000 4244107 2217168 809548 455605 3482321 0.53288 0.34026 0.12685 0 0 395972 395972 297175 40242 256933 16682 13336 3346 16350 13550 2800 659051 SECURITY DEPOSIT 3000 3000 X 4934989 592774 592774 4342215 38603 -438794 -400191 3942024 4043247 438794 438794 3604453 38603 38603 3643056 PART X, LINE 2: THE FUND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE FUND FOLLOWS ACCOUNTING STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022. AT DECEMBER 31, 2023 AND 2022, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -438,794. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 438,794. ANNUAL DINNER 2273643 2165086 108557 147462 80868 WOMEN'S LUNCHEON 197320 189040 8280 19331 3 427447 349459 77988 36485 140348 2898410 2703585 194825 36485 147462 240547 424494 -229669 28600 14300 0 28600 14300 14300 14300 NJ 1 0 1 0 1.00000 MIKE MUND 14 WEST MAIN STREET MENDHAM NJ 07945 0 MIKE MUND THE ORGANIZATION HOLDS A 50/50 RAFFLE AT ITS ANNUAL GOLF OUTING. MIKE MUND OVERSEES THE 50/50 RAFFLE. X 0 1 SCHOLARSHIPS 919 2680117 CASH PART I, LINE 2: THE GRANTS ARE MONITORED BY THE ORGANIZATION AS THEY ARE GIVEN OUT TO THE SCHOOLS TO ENSURE THAT THEY ARE BEING GIVEN OUT APPROPRIATELY. X 0 0 0 0 0 0 0 0 0 PRUDENCE A PIGOTT PRESIDENT, EX-OFFICIO 200000 0 35000 0 0 0 18646 0 1235 0 254881 0 0 0 MIKE MUND OFFICE MANAGER 116993 0 22000 0 0 0 11302 0 11914 0 162209 0 0 0 X SUPPLIES 30 32045 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE RELATED BOARD MEMBERS: LINA M. MARTINEZ AND JUAN D. GAMARRA (HUSBAND/WIFE), ROBERT J. AND SUSANNE C. WALDELE (HUSBAND/WIFE), KEN AND KRIS DONOVAN (HUSBAND/WIFE), JUSTIN AND SACHA MARCUCCI (HUSBAND/WIFE), AND MICHAEL AND ANNMARIE HOCHKEPPEL (HUSBAND/WIFE). FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO SUCH COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE ORGANIZATIONS GOVERNING BOARD AND IN TURN THEY REVIEW IT. IF THERE ARE ANY CONCERNS THEY WILL SPEAK WITH THE PRESIDENT. THE PRESIDENT WILL REVIEW THE CONCERNS AND IF THERE IS ACTION TO TAKE, SPEAK WITH THE AUDITORS TO MAKE A RESOLUTION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE GOVERNING BOARD RECEIVES THE CONFLICT OF INTEREST POLICY AND MUST SIGN THE ANNUAL STATEMENT/CERTIFICATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS BUDGETED PRIOR TO THE BEGINNING OF THE YEAR. THE BOARD WILL REVIEW THE BUDGET AND MAKE THE FINAL DETERMINATION OF THE COMPENSATION. IF THE BOARD IS IN AGREEMENT, THE BUDGET WILL BE APPROVED WITH THE FINAL COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. 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. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR. TCSF HOLDINGS LLC 14 WEST MAIN STREET MENDHAM NJ 07945 832948091 REAL ESTATE HOLDING COMPANY NJ 24554 679637 TRI-COUNTY SCHOLARSHIP FUND