2018-06-28T16:02:42-05:00 2017-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2017-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 PRUDENCE PIGOTT PRESIDENT 9739849600 2018-06-28 1 RON MATAN P01277732 9739949494 2018-06-28 2017 2022-09-23 18:48:47Z PRUDENCE PIGOTT 4 CENTURY DRIVE PARSIPPANY NJ 07054 3908137 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. 46 46 4 75 0 0 1869325 1841767 0 0 9218 296756 -32955 -40990 1845588 2097533 1133980 1050930 0 0 346526 317319 144000 30438 118006 128290 102327 1752796 1501014 92792 596519 2725099 3228030 578997 537668 2146102 2690362 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 1266067 1050930 TO PROVIDE FINANCIAL SUPPORT TO DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN TO ATTEND ACCREDITED PAROCHIAL AND PRIVATE SCHOOLS. SCHOLARSHIPS ARE AWARDED ANNUALLY TO HUNDREDS OF STUDENTS. IN 2017, TRI-COUNTY SCHOLARSHIP FUND AWARDED 360 SCHOLARSHIPS. 1266067 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 0 0 0 0 0 0 0 0 0 0 1 1 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 46 46 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 VICE-PRESIDENT 1.00 X X 0 0 0 JOSEPH W SPADA TRUSTEE 1.00 X 0 0 0 FRED PIERCE TRUSTEE 2.00 X 0 0 0 GREGORY C FLOYD PRESIDENT EX OFFICIO (THROUGH JULY 2017) 40.00 X X 80725 0 33831 ROBERT BIENER TRUSTEE 0.30 X 0 0 0 MARK D BODE TRUSTEE 0.30 X 0 0 0 JAMES BOYD PHD 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 CHAIR 0.30 X 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 SUZY MORAN TRUSTEE 0.30 X 0 0 0 VIRGINIA MORIARTY 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 TREASURER 0.30 X X 0 0 0 PRUDENCE PIGOTT TRUSTEE (THROUGH SEPT 2017), PRESIDENT-SEPT. 2017 0.30 X X 36923 0 1664 ROBERT A SAMETH TRUSTEE 0.30 X 0 0 0 KEERTI SHARMA MD 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 117648 0 35495 0 0 0 0 0 1186966 654801 9835 1841767 53774 53774 1910416 1667434 242982 242982 242982 79580 1186966 131377 -51797 -51797 22600 11793 10807 10807 2097533 0 0 255766 1050930 1050930 153143 114858 7658 30627 115849 70071 12594 33184 11102 6679 1220 3203 19611 11587 2243 5781 17614 11942 1394 4278 20019 20019 30438 30438 400 400 12956 6551 6405 10172 10172 27611 27611 2182 2182 5040 5040 3228 3228 BANK FEES 9247 9247 EQUIPMENT LEASE 4200 4200 DUES AND SUBSCRIPTONS 2090 2090 GENERAL FUNDRAISING 1643 1643 3539 1092 2447 1501014 1266067 116941 118006 2250 9063 250744 633614 501097 458439 3392 10526 64996 44049 8966 20947 1958650 2095441 2725099 3228030 18997 20418 560000 517250 578997 537668 X 517842 747044 521336 836394 1106924 1106924 2146102 2690362 2725099 3228030 X 596519 -44759 -7500 X X 0 1 X 1 0 X 1491154 1439387 1515011 1869325 1841767 8156644 1491154 1439387 1515011 1869325 1841767 8156644 540220 7616424 101955 96091 86073 41465 53774 379358 15000 15000 8551002 0.89070 0.84530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2026742 122536 263508 250000 2162786 1847838 95563 83341 2026742 1889738 -41900 1847838 1952882 20000 136856 220000 1889738 1697151 255731 1952882 0.27000 0.51000 0.22000 0 0 48017 32204 15813 16979 11845 5134 20947 X 2059074 -44759 6300 -38459 2097533 0 2097533 1514814 6300 7500 13800 1501014 0 1501014 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 31,2017 AND 2016. AT DECEMBER 31, 2017 AND 2016, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE X X X X 0 THE ANGELETTI GROUP HARRISON HOUSE 17 VILLAGE ROAD P NEW VERNON NJ 07976 CAPITAL CAMPAIGN STUDY 0 0 30438 -30438 30438 -30438 NJ ANNUAL DINNER 1018338 972658 45680 44315 25467 GOLF TOURNAMENT 127845 111455 16390 34047 4989 1304 2 120353 102853 17500 17797 3458 1266536 1186966 79570 34047 67101 30229 131377 -51807 22600 11300 493 1 1.00000 22600 11300 493 11793 10807 NJ 1 0 0 0 1.00000 MIKE MUND 4 CENTURY DRIVE PARSIPPANY NJ 07054 0 MIKE MUND 0 X 0 1 SCHOLARSHIPS 360 1050930 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 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE RELATED BOARD MEMBERS: LINA M. MARTINEZ AND JUAN D. GAMARRA (HUSBAND/WIFE) AND 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 EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR 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 -7,500. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED SINCE THE PRIOR YEAR.