2017-08-07T14:09:31-05:00 2016-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2016-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 GREGORY FLOYD PRESIDENT 9739849600 2017-08-07 1 BRIDGET HARTNETT P01429163 9739949494 2017-08-07 96.225.92.15 2017-08-07 14:53:47 ED P 0FFB1CC1F4CCDACF95DFBECC59B6E52C80CE33BA A9828ADE4B4B0A61667A22AFFFD9E5DD50E0A9BD 2016 2021-01-29 14:40:06Z GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 3693058 0 X WWW.TCSFUND.ORG X 1981 NJ TO PROVIDE QUALITY EDUCATION THROUGH FINANCIAL SUPPORT OF DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN, REGARDLESS OR RACE, RELIGION, OR NATIONAL ORIGIN. 41 41 3 50 0 0 1515011 1869325 0 0 75289 9218 -37510 -32955 1552790 1845588 1043775 1133980 0 0 287835 346526 57362 144000 376808 122205 128290 1511177 1752796 41613 92792 2507052 2725099 533422 578997 1973630 2146102 TO PROVIDE QUALITY EDUCATION THROUGH FINANCIAL SUPPORT OF DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN, REGARDLESS OR RACE, RELIGION, OF NATIONAL ORIGIN. 0 0 1164461 1133980 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 2016, TRI-COUNTY SCHOLARSHIP FUND AWARDED 383 SCHOLARSHIPS. 1164461 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 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 X 41 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 NJ X THE ORGANIZATION 9739849600 4 CENTURY DRIVE - 2ND FLOOR PARSIPPANY NJ 07054 TIMOTHY I DUFFY ESQ CHAIR 1.00 X X 0 0 0 RICK DEBEL VICE CHAIRMAN 1.00 X X 0 0 0 GEORGE J RACHMIEL TREASURER 2.00 X X 0 0 0 GREGORY C FLOYD PRESIDENT EX OFFICIO, EXECUTIVE DIRECTOR 40.00 X X 132000 0 42288 STEPHEN BIENKO 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 KELLY A FRANK 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 THOMAS J MARINO 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 FRED PIERCE TRUSTEE 0.30 X 0 0 0 PRUDENCE PIGOTT TRUSTEE 0.30 X 0 0 0 ROBERT A SAMETH TRUSTEE 0.30 X 0 0 0 ERIC SEGUIN TRUSTEE 0.30 X 0 0 0 KEERTI SHARMA MD TRUSTEE 0.30 X 0 0 0 JOSEPH W SPADA 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 132000 0 42288 1 0 1 0 0 991867 877458 1869325 41465 41465 1674528 1706775 -32247 -32247 -32247 92740 991867 140695 -47955 -47955 OTHER INCOME 900099 15000 15000 15000 1845588 0 0 -23737 1133980 1133980 174288 14422 66810 93056 127752 13944 23479 90329 9470 9470 17153 17153 17863 1965 3573 12325 19947 19947 144000 144000 28807 150 28657 14036 8873 5163 10275 10275 24856 24856 3140 3140 240 240 2988 2988 3412 3412 BANK FEES 7463 7463 EQUIPMENT LEASE 4200 4200 BAD DEBT EXPENSE 3450 3450 MEMBERSHIP 1954 1954 3522 2198 1324 1752796 1164461 211527 376808 3670 2250 482116 250744 158303 501097 3170 3392 47975 39009 11954 8966 1847839 1958650 2507052 2725099 13922 18997 519500 560000 533422 578997 X 596019 517842 270687 521336 1106924 1106924 1973630 2146102 2507052 2725099 92792 79680 0 X X 0 1 X 1 0 X 1641584 1491154 1439387 1515011 1869325 7956461 1641584 1491154 1439387 1515011 1869325 7956461 893223 7063238 58891 101955 96091 86073 41465 384475 15000 15000 8355936 0.84530 0.81060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1847839 95563 83341 2026743 1889738 -41899 1847839 1952882 20000 136856 220000 1889738 1697151 255731 1952882 1561085 136066 1697151 0.31000 0.55000 0.14000 0 0 38182 29216 8966 9793 9793 0 8966 X 1820489 79680 79680 1740809 104779 104779 1845588 1648017 0 1648017 104779 104779 1752796 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 31,2016 AND 2015. AT DECEMBER 31, 2016 AND 2015, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING COSTS PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT FUNDRAISING COSTS X X X X 0 THE ANGELETTI GROUP HARRISON HOUSE 17 VILLAGE ROAD P NEW VERNON NJ 07976 CAPITAL CAMPAIGN STUDY 0 311099 144000 167099 311099 144000 167099 NJ ANNUAL DINNER 865881 825081 40800 47345 21868 GOLF TOURNAMENT 140036 109166 30870 7313 6720 18535 14106 1101 2 78690 57620 21070 20521 3186 1084607 991867 92740 7313 6720 18535 81972 26155 140695 -47955 1 SCHOLARSHIPS 383 1133980 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 GREGORY C FLOYD PRESIDENT EX OFFICIO, EXECUTIVE DIRE 132000 0 0 0 0 0 13036 0 29252 0 174288 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 FOUR MEMBERS OF THE BOARD ARE RELATED. ROBERT J. WALDELE AND SUSANNE C. WALDELE ARE HUSBAND AND WIFE AS ARE KEN DONOVAN AND KRIS DONOVAN. 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 15A 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 HAS NOT CHANGED FROM THE PRIOR YEAR.