2019-06-19T16:30:38-05:00 2018-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2018-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 PRUDENCE PIGOTT PRESIDENT 9739849600 2019-06-19 1 BRIDGET HARTNETT P01429163 9739949494 2019-06-12 96.225.92.15 2019-06-19 15:47:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4C84F2E4754EDABD1601D80A9BA97309DA3F6D80 2018 2019-02-21 02:37:17Z PRUDENCE PIGOTT 4 CENTURY DRIVE PARSIPPANY NJ 07054 3470122 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. 48 48 4 80 0 0 1841767 2964580 0 0 296756 114217 -40990 -52043 2097533 3026754 1050930 1348266 0 0 317319 334011 30438 0 152544 102327 189328 1501014 1871605 596519 1155149 3228030 4304677 537668 705510 2690362 3599167 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 1577265 1348266 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 2018, TRI-COUNTY SCHOLARSHIP FUND AWARDED 453 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. 1577265 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 48 48 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 4 CENTURY DRIVE - 2ND FLOOR PARSIPPANY NJ 07054 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 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 SHACARA N DELGADO ESQ TRUSTEE 0.30 X 0 0 0 RICK DIANA 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 THOMAS J HEALEY TRUSTEE 0.30 X 0 0 0 TREVOR JONES TRUSTEE 0.30 X 0 0 0 SAMRAT S KHICHI ESQ 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 ANN MARIE MANAHAN TRUSTEE 0.30 X 0 0 0 JUSTIN MARCUCCI TRUSTEE 0.30 X 0 0 0 KEVIN H MARINO ESQ TRUSTEE 0.30 X 0 0 0 ANNE KRUMP TRUSTEE 0.30 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 MICHAEL C ZOGBY ESQ TRUSTEE 0.30 X 0 0 0 JUAN D GAMARRA 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 PRUDENCE A PIGOTT PRESIDENT, EX-OFFICIO 40.00 X 125000 0 4524 125000 0 4524 1 0 0 0 0 1480459 1484121 2964580 84143 84143 251489 221415 30074 30074 30074 152010 1480459 212863 -60853 -60853 17900 9090 8810 8810 3026754 0 0 62174 1348266 1348266 129524 97144 6476 25904 142556 88350 14747 39459 14145 9414 1197 3534 28725 19449 2296 6980 19061 12973 1496 4592 21958 1669 20289 34293 34293 19605 6569 13036 11841 11841 28835 28835 5338 5196 142 6444 6444 4279 4279 REPAIRS AND MAINTENANCE 15321 15321 BANK FEES 12526 12526 GENERAL FUNDRAISING 12453 12453 MISCELLANEOUS 7289 1344 5945 9146 2940 6206 1871605 1577265 141796 152544 9063 8956 566267 1684797 458439 372008 10526 5995 64996 50493 20947 14503 2162788 2217168 0 1250 3228030 4304677 20418 36535 517250 668975 537668 705510 X 747044 1711551 836394 780692 1106924 1106924 2690362 3599167 3228030 4304677 X 1155149 -241119 -5225 X X 0 1 X 1 0 X 1439387 1515011 1869325 1841767 2964580 9630070 1439387 1515011 1869325 1841767 2964580 9630070 1257647 8372423 96091 86073 41465 53774 84143 361546 15000 15000 10006616 0.83670 0.89070 X 2162786 193750 -139368 2217168 2026742 122536 263508 250000 2162786 1847838 95563 83341 2026742 1889738 -41900 1847838 1952882 20000 136856 220000 1889738 0.34000 0.50000 0.16000 0 0 48017 36597 11420 16979 13896 3083 14503 X 2791553 -241119 5918 -235201 3026754 0 3026754 1882748 5918 5225 11143 1871605 0 1871605 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, 2018 AND 2017. AT DECEMBER 31, 2018 AND 2017, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 5,225. X X X X 0 NJ ANNUAL DINNER 1057716 1011556 46160 48745 24870 PRUDENTIAL EVENT 189394 152594 36800 10457 10667 1095 4 385359 316309 69050 43650 51130 22249 1632469 1480459 152010 54107 110542 48214 212863 -60853 17900 8950 140 1 1.00000 17900 8950 140 9090 8810 NJ 1 0 0 0 1.00000 MIKE MUND 4 CENTURY DRIVE PARSIPPANY NJ 07054 0 MIKE MUND 500 THE ORGANIZATION HOLDS A 50/50 RAFFLE AT ITS ANNUAL GOLF OUTING. MIKE MUND OVERSEES THE 50/50 RAFFLE. X 0 1 SCHOLARSHIPS 453 1348266 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. KEN AND KRIS DONOVAN - FIDDLER'S EL TRUSTEES 11156 THE ORGANIZATION'S SPECIAL EVENT, THE WOMEN'S LUNCHEON, WAS HELD AT FIDDLER'S ELBOW COUNTRY CLUB, OWNED BY TRUSTEES KEN AND KRIS DONOVAN. 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 -5,225. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR. TCSF HOLDINGS LLC 350 MOUNT KEMBLE AVENUE MORRISTOWN NJ 07962 832948091 REAL ESTATE HOLDING COMPANY FORMED ON 12/17/18 NJ 0 0 TRI-COUNTY SCHOLARSHIP FUND