2016-09-09T13:48:00-05:00 2015-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2015-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 GREGORY FLOYD PRESIDENT 9739849600 2016-09-09 1 BRIDGET HARTNETT P01429163 9739949494 2016-08-24 2015 2017-02-10 21:41:12Z GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 1998616 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. 39 39 3 0 0 0 1439387 1515011 0 0 114683 75289 -23104 -37510 1530966 1552790 1007779 1043775 0 0 292569 287835 0 57362 240836 168597 122205 1468945 1511177 62021 41613 2550637 2507052 501432 533422 2049205 1973630 TO PROVIDE QUALITY EDUCATION THROUGH FINANCIAL SUPPORT OF DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN, REGARDLESS OR RACE, RELIGION, OR NATIONAL ORIGIN. 0 0 1070990 1043775 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 2015, TRI-COUNTY SCHOLARSHIP FUND AWARDED 380 SCHOLARSHIPS. 1070990 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 0 0 3 1 0 0 0 0 0 1 1 0 0 0 0 X 39 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 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 GEORGE RACHMIEL TREASURER 2.00 X X 0 0 0 GREGORY FLOYD PRESIDENT EX-OFFICIO/EXECU 40.00 X X 125785 0 35346 RC TOBY BABEUF SECRETARY 1.00 X X 0 0 0 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 ROBERT W CAVALERO TRUSTEE 0.30 X 0 0 0 JOSEPH A CHERRY 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 THOMAS B CRANE TRUSTEE 0.30 X 0 0 0 RICK DEBEL VICE CHAIRMAN 1.00 X X 0 0 0 KELLY A FRANK 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 COLIN GRAY TRUSTEE 0.30 X 0 0 0 THOMAS J HEALEY TRUSTEE 0.30 X 0 0 0 PATRICIA COLBERT TRUSTEE 0.30 X 0 0 0 RICK DIANA TRUSTEE 0.30 X 0 0 0 THOMAS J MARINO TRUSTEE 0.30 X 0 0 0 TREVOR GANDY TRUSTEE 0.30 X 0 0 0 TREVOR JONES 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 ROBERT A SAMETH TRUSTEE 0.30 X 0 0 0 PAUL C SANTUCCI TRUSTEE 0.30 X 0 0 0 JOSEPH W SPADA TRUSTEE 0.30 X 0 0 0 CHRISTOPHER J STRACCO ESQ 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 SAM S KHICHI TRUSTEE 0.30 X 0 0 0 TED KNAUSS TRUSTEE 0.30 X 0 0 0 JUSTIN MARCUCCI 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 ERIC SEGUIN TRUSTEE 0.30 X 0 0 0 125785 0 35346 1 0 1 0 0 812636 702375 1515011 86073 86073 322562 333346 -10784 -10784 -10784 74970 812636 112480 -37510 -37510 1552790 0 0 37779 1043775 1043775 161132 14592 52219 94321 91674 10730 11253 69691 6401 6401 12784 12784 15844 1743 3169 10932 20187 20187 57362 57362 150 150 13441 7021 6420 10132 10132 25070 25070 25999 25999 2988 2988 6877 6877 BANK FEES 10186 10186 EQUIPMENT LEASE 4200 4200 MEMBERSHIP 1904 1904 MISCELLANEOUS 590 590 481 275 206 1511177 1070990 199351 240836 239570 255879 187812 229907 232050 158303 2991 3170 47975 36021 14942 11954 1873272 1847839 2550637 2507052 2442 13922 498990 519500 501432 533422 X 636231 596019 306050 270687 1106924 1106924 2049205 1973630 2550637 2507052 41613 -117188 0 X X 0 1 X 1 0 X 1590341 1641584 1491154 1439387 1515011 7677477 1590341 1641584 1491154 1439387 1515011 7677477 1133320 6544157 52820 58891 101955 96091 86073 395830 8073307 0.81060 0.80740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1889738 0 -41899 1847839 1952882 20000 136856 220000 1889738 1697151 255731 1952882 1561085 136066 1697151 1617143 -44270 -11788 1561085 0.28000 0.60000 0.12000 0 0 38182 26228 11954 9793 9793 0 11954 X 1354408 -117188 -117188 1471596 81194 81194 1552790 1429983 0 1429983 81194 81194 1511177 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. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS 2012 AND FORWARD. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31,2015 AND 2014. AT DECEMBER 31, 2015 AND 2014, 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 0 36000 -36000 36000 -36000 NJ ANNUAL DINNER 732397 697117 35280 1046 33937 15546 GOLF TOURNAMENT 155209 115519 39690 9400 8376 23940 19387 848 887606 812636 74970 9400 9422 23940 53324 16394 112480 -37510 1 SCHOLARSHIPS 380 1043775 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 FLOYD PRESIDENT EX-OFFICIO/EXECU 125785 0 0 0 0 0 10615 0 24731 0 161131 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD, ROBERT J. WALDELE AND SUSANNE C. WALDELE ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 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.