2021-07-09T12:36:04-05:00 2020-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2020-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 14 WEST MAIN STREET MENDHAM NJ 07945 PRUDENCE PIGOTT PRESIDENT 9739849600 2021-07-09 1 PRUDENCE PIGOTT 999009999 BRIDGET HARTNETT P01429163 9739949494 2021-07-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PRUDENCE PIGOTT 14 WEST MAIN STREET MENDHAM NJ 07945 6442821 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. 54 54 4 80 0 0 3233693 3908841 0 0 121958 104327 -29028 -153792 3326623 3859376 1576164 2099085 0 0 368028 454628 0 0 123557 354429 238565 2298621 2792278 1028002 1067098 5832945 7463451 829843 1154562 5003102 6308889 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 2440158 2099085 SINCE 1981, THE MISSION OF TRI-COUNTY SCHOLARSHIP FUND HAS BEEN TO PROVIDE FINANCIAL SUPPORT TO DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN IN GRADES KINDERGARTEN 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 2020, TRI-COUNTY SCHOLARSHIP FUND AWARDED 733 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 55 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. 2440158 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 4 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 54 54 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 RICK DEBEL CHAIRMAN 1.00 X X 0 0 0 JOSEPH W SPADA VICE-CHAIRMAN 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 FRANCES HOWARD 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 ERIC SEGUIN 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 KEVIN H MARINO ESQ TRUSTEE 0.30 X 0 0 0 ANN MARIE MANAHAN TRUSTEE 0.30 X 0 0 0 ROBERT BIENER 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 PATRICIA COLBERT 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 REV MSGR JAMES T MAHONEY PHD 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 PRUDENCE A PIGOTT PRESIDENT, EX-OFFICIO 40.00 X 160000 0 13582 160000 0 13582 1 0 1 0 0 2238757 60000 1610084 3908841 92919 92919 16200 0 16200 16200 16200 2374036 2362628 11408 11408 11408 35625 2238757 213217 -177592 -177592 15200 7600 7600 7600 3859376 0 0 -49465 2099085 2099085 173582 138865 26038 8679 207109 147332 34738 25039 11483 7976 1964 1543 32271 24161 5172 2938 30183 22637 4829 2717 21574 21574 31826 31826 59362 59362 24384 14648 9736 15588 15588 18970 18970 1136 1136 11210 11210 9301 9301 BANK FEES 15771 15771 MISCELLANEOUS 10506 102 5415 4989 MEALS & ENTERTAINMENT 8554 8554 REPAIRS AND MAINTENANCE 7341 7341 3042 3042 2792278 2440158 228563 123557 377 203 1304782 2291191 335214 232913 15326 4475 717015 26453 694925 690562 3482321 4244107 5832945 7463451 46617 100469 781175 1052042 2051 2051 829843 1154562 X 2996745 3797743 2006357 2511146 5003102 6308889 5832945 7463451 X 1067098 241676 -2987 X X 0 1 X 1 0 X 1869325 1841767 2964580 3233693 3908841 13818206 1869325 1841767 2964580 3233693 3908841 13818206 2401813 11416393 41465 53774 84143 114696 109119 403197 15000 15000 14236403 0.80190 0.80450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3482321 601601 310185 150000 4244107 2217168 809548 455605 3482321 2162786 193750 -139368 2217168 2026742 122536 263508 250000 2162786 1847838 95563 83341 2026742 0.47000 0.40000 0.13000 0 0 395972 395972 297175 14769 282406 16682 5014 11668 7186 6670 516 690562 SECURITY DEPOSIT 2051 2051 X 4292543 241676 2500 220817 464993 3827550 31826 31826 3859376 2986756 2500 223804 226304 2760452 31826 31826 2792278 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 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, 2020 AND 2019. AT DECEMBER 31, 2020 AND 2019, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 220,817. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 2,987. SPECIAL EVENTS EXPENSE 220,817. ANNUAL DINNER 2061899 2061899 2500 119019 GOLF OUTING 131754 102054 29700 36182 1135 2 80729 74804 5925 34833 10880 8668 2274382 2238757 35625 71015 13380 128822 213217 -177592 15200 7600 0 15200 7600 7600 7600 NJ 1 0 0 0 1.00000 MIKE MUND 14 WEST MAIN STREET MENDHAM NJ 07945 0 MIKE MUND 0 THE ORGANIZATION HOLDS A 50/50 RAFFLE AT ITS ANNUAL GOLF OUTING. MIKE MUND OVERSEES THE 50/50 RAFFLE. X 0 1 SCHOLARSHIPS 733 2099085 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 160000 0 0 0 0 0 12738 0 844 0 173582 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), AND KEN AND KRIS DONOVAN (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 XI, LINE 9: BAD DEBT EXPENSE -2,987. 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 16202 477066 TRI-COUNTY SCHOLARSHIP FUND