2023-06-30T12:03:36-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2022-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 14 WEST MAIN STREET MENDHAM NJ 07945 PRUDENCE PIGOTT PRESIDENT 9739849600 2023-06-30 1 PRUDENCE PIGOTT 999009999 0 BRIDGET HARTNETT P01429163 9739949494 2023-06-30 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PRUDENCE PIGOTT 14 WEST MAIN STREET MENDHAM NJ 07945 6984352 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. 55 55 7 100 0 0 3919144 4582437 0 0 415665 161567 -151384 -195317 4183425 4548687 2212200 2453500 0 0 484693 556784 0 0 160249 350119 336796 3047012 3347080 1136413 1201607 8758525 9199848 1200149 1288307 7558376 7911541 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 2910063 2453500 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 2022, TRI-COUNTY SCHOLARSHIP FUND AWARDED 858 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. 2910063 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 0 0 0 0 1 0 0 0 0 1 1 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 55 55 1 0 0 0 0 0 0 1 1 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 PRUDENCE A PIGOTT PRESIDENT, EX-OFFICIO 40.00 X 225000 0 19028 225000 0 19028 1 0 1 0 0 2825894 1756543 4582437 151717 151717 7400 0 7400 7400 7400 2014652 2004802 9850 9850 9850 202086 2825894 417833 -215747 -215747 26060 13030 13030 13030 4548687 0 0 -33750 2453500 2453500 244028 200104 17082 26842 212384 174155 14866 23363 14061 11530 984 1547 58198 47721 4074 6403 28113 23053 1968 3092 24019 24019 36592 36592 64841 64841 43888 22670 21218 14405 14405 6369 6369 6827 6827 922 922 14320 14320 5958 5958 REPAIRS AND MAINTENANCE 64663 64663 BANK FEES 28272 28272 MISCELLANEOUS 10743 4207 6536 PROPERTY TAXES 6972 6972 8005 2520 5485 3347080 2910063 276768 160249 3106532 4181013 219968 115586 10434 5035 726179 52808 687691 673371 4733900 4224843 8758525 9199848 95461 98995 1102637 1189312 2051 0 1200149 1288307 X 4793906 4724929 2764470 3186612 7558376 7911541 8758525 9199848 1201607 -848442 0 X X 0 1 X 1 0 X 2964580 3233693 3908841 3919144 4582437 18608695 2964580 3233693 3908841 3919144 4582437 18608695 3606258 15002437 84143 114696 109119 159147 159117 626222 19234917 0.78000 0.79190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4733900 5000 -757744 3981156 4244107 1859 487934 4733900 3482321 601601 310185 150000 4244107 2217168 809548 455605 3482321 2162786 193750 -139368 2217168 0.49000 0.43000 0.08000 0 0 395972 395972 297175 31750 265425 16682 10562 6120 16350 10496 5854 673371 X 3713620 -848442 -848442 4562062 36592 -49967 -13375 4548687 3360455 49967 49967 3310488 36592 36592 3347080 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, 2022 AND 2021. AT DECEMBER 31, 2022 AND 2021, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -49,967. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 49,967. ANNUAL DINNER 2430429 2315848 114581 145442 65823 WOMEN'S LUNCHEON 204231 188666 15565 52742 2 393320 321380 71940 59305 94521 3027980 2825894 202086 59305 145442 213086 417833 -215747 26060 13030 0 26060 13030 13030 13030 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 858 2453500 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 225000 0 0 0 0 0 17846 0 1182 0 244028 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), AND JUSTIN AND SACHA MARCUCCI (HUSBAND/WIFE). 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 7401 374133 TRI-COUNTY SCHOLARSHIP FUND