2013-05-29T11:39:16-05:00 2012-08-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2011-09-01 510453629 Inner City Scholarship Fund Inc % Monsignor Gregory Mustaciuol INNE 2127538583 1011 FIRST AVE NEW YORK NY 10022 MONSIGNOR GREGORY MUSTACIUOLO 6467942900 2013-05-28 true KPMG LLP 7032868000 2011 2016-03-07 17:11:31Z Non-Profit Susan George 1011 First Ave New York NY 10022 16059968 false 0928 X WWW.ICSF-NYC.ORG X 1971 NY TO PROVIDE FUNDING FOR THE BENEFIT OF STUDENTS IN ATTENDANCE AT CATHOLIC SCHOOLS SERVING CERTAIN LOW-INCOME AREAS WITHIN THE ARCHDIOCESE OF NEW YORK. 39 38 15 185 0 17222012 14718131 0 0 514629 678629 -259366 97298 17477275 15494058 11970824 11493651 0 0 884810 834329 395363 347132 1423369 1192403 1540188 14443400 14215300 3033875 1278758 16588014 18627931 286529 847862 16301485 17780069 X SEE SCHEDULE O. false false 547768 547768 Financial Aid Grants - Granting program provides unrestricted funds to Inner City Schools to use where the students and/or the school need it most. This could be for student scholarships, enrichment opportunities, capital repairs or general operations. 4679448 4249222 Be A Student's Friend - This program matches a sponsor with an individual student who is currently attending an ICSF school and whose families are most in need of financial assistance. Each sponsor contributes a fixed amount per year and has the option to sponsor the same student until he/she graduates from high school. 6507989 6507989 Cardinal Scholarship Program - This initiative provides financial assistance to those in public school looking to enroll at an Inner-City school. Depending on financial need of the family, these scholarships cover up to 75% of the subsidized tuition. 91750 91750 Student Sponsor Partnership 80000 80000 Archdiocese Drug Abuse Prevention program 11922 11922 New York Catholic Foundation 5000 5000 Partnership for Inner-City 95041 Enrichment programs 283713 188672 12018918 true true false false false false false false false true true false false false true true true false false false false false false true true false false true false true false false false false false false false false false false false false false true false false false false true 39 0 true 15 true false false false false false true true false false false false false false false X 39 38 true false false false false false false true true false false true true true true true false false false false NY X X Monsignor Gregory Mustaciuol 2127538583 1011 First Avenue NEW YORK NY 10022 X ARCHBISHOP TIMOTHY M DOLAN 1.0 X X 0 0 0 ARTHUR J MAHON 1.0 X 0 0 0 BISHOP DENNIS SULLIVAN 1.0 X 0 0 0 CATHERINE M KEATING 1.0 X 0 0 0 CHRISTINE H SCHWARZMAN 1.0 X 0 0 0 EDWARD D HERLIHY 1.0 X 0 0 0 FLORENCE B D'URSO 1.0 X 0 0 0 FREDERIC V SALERNO 1.0 X 0 0 0 GEORGE B IRISH 1.0 X 0 0 0 HELEN T LOWE 1.0 X 0 0 0 HON MILTON L WILLIAMS SR 1.0 X 0 0 0 HOWARD J RUBENSTEIN 1.0 X 0 0 0 JOHN J FARRELL 1.0 X 0 0 0 JOHN M CALLAGY ESQ 1.0 X 0 0 0 JOHN Q DOYLE 1.0 X 0 0 0 JOSEPH R SCHMUCKLER 1.0 X 0 0 0 LAWRENCE B BENENSON 1.0 X 0 0 0 MARTIN J SULLIVAN 1.0 X 0 0 0 MARY ANN TIGHE 1.0 X X 0 0 0 MAURO C ROMITA 1.0 X 0 0 0 MICHAEL J MILLETTE 1.0 X 0 0 0 MO ROCCA 1.0 X 0 0 0 MONSIGNOR GREGORY MUSTACIUOLO 1.0 X X 0 0 0 PATRICIA A QUICK 1.0 X 0 0 0 PAUL P WOOLARD 1.0 X X 0 0 0 PETER K SCATURRO 1.0 X 0 0 0 PETER T GRAUER 1.0 X X 0 0 0 PONCHITTA PIERCE 1.0 X 0 0 0 ROBERT M AMEN 1.0 X 0 0 0 RONALD E BLAYLOCK 1.0 X 0 0 0 SUSAN GEORGE 40.0 X X 203056 0 25614 THOMAS C QUICK 1.0 X 0 0 0 THOMAS S MURPHY JR 1.0 X 0 0 0 THOMAS S JOHNSON 1.0 X 0 0 0 TIMOTHY C MUCCIA 1.0 X 0 0 0 TIMOTHY MCNIFF 1.0 X 0 0 0 ANTHONY J DE NICOLA 1.0 X 0 0 0 SAMUEL A PIAZZA JR 1.0 X 0 0 0 JAMES B LEE 1.0 X 0 0 0 STEPHEN G ROONEY ESQ 1.0 X 0 0 0 WALTERS S TOMENJR 1.0 X 0 0 0 GININE MOHAMAD 1.0 X 110875 0 3972 313931 0 29586 2 false true false Mandarin Oriental 80 Columbus Circle at 60th Strret NEW YORK NY 10023 Award Dinner 148303 Cipriani's 110 East 42nd Street NEW YORK NY 10017 Lawyers Luncheon and 176967 Faircom 522 Cookman Avenue ASBURY PARK NY 07712 Event/Adv/Dir Mail 183336 3 2094497 12623634 14718131 0 678629 678629 0 0 0 663208 2094497 565910 97298 0 0 0 15494058 678629 11493651 11493651 0 0 0 219776 54944 164832 0 460611 142885 317726 45335 5924 39411 65975 13349 52626 42632 12647 29985 0 0 41200 41200 0 347132 347132 0 37931 37931 310918 310918 21350 21350 62837 62837 0 86640 86640 19537 3228 16309 0 0 0 0 27784 27784 3398 3398 EVENTS ALLOCATION 38337 38337 FOOD/GRATUITIES/EVENTS 29973 5163 24810 BE A STUDENT'S FRIEND PROG. 430226 430226 ENRICHMENT PROGRAM 95041 95041 335016 253327 81689 14215300 12018918 773013 1423369 0 0 2115971 2147008 3402012 3295098 0 0 0 0 0 0 2348698 2376340 0 0 25324 30450 277845 41677 54150 236168 8472134 10367338 0 0 0 0 0 0 169725 175529 16588014 18627931 64272 231185 104413 88100 0 0 0 0 0 0 0 0 0 0 0 0 117844 528577 286529 847862 X 3791643 4596227 6677842 7336510 5832000 5847332 16301485 17780069 16588014 18627931 X 1278758 199826 X false true true X false X 19674807 13902297 14945937 17222012 12865949 78611002 19674807 13902297 14945937 17222012 12865949 78611002 23994063 54616939 232655 198188 232422 514629 678629 1856523 0 0 0 10049 2515390 2525439 82992964 19724586 0.65809 0.66956 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6960172 4413413 843315 271918 11944982 5874745 863882 421260 199715 6960172 4438783 1108531 414929 87498 5874745 3627084 834491 -22792 4438783 0.39000 0.49000 0.12000 false false 277845 41677 236168 236168 0 PAYABLE TO ARCHDIOCESE OF NEW YORK 528577 528577 15494058 14215300 1278758 199826 199826 1478584 15693884 199826 199826 15494058 15494058 14215300 14215300 14215300 FORM 990, SCHEDULE D, PART X TAX STATUS FINANCIAL ACCOUNTING STANDARD BOARDS (FASB) INTERPRETATION NO 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS INTERPRETATION OF FASB STATEMENT NO. 109, WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAX RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. ADOPTION OF FIN 48 HAD NO MATERIAL IMPACT ON THE ICSF FINANCIAL STATEMENTS AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES WAS REFLECTED IN THE AUDITED FINANCIAL STATEMENTS. FORM 990, SCH D, PART V INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS BOARD - DESIGNATED: A FUND BESTOWED UPON ICSF TO BE USED FOR A SPECIFIC PURPOSE THAT THE BOARD OF TRUSTEES HAS DETERMINED. BOARD APPROVED INTEREST DISBURSED TO STUDENTS MOST NEEDY. DONOR - RESTRICTED: USE OF INCOME - 50% OF TUITION TO QUALIFIED STUDENTS UNABLE TO ENROLL IN SCHOOL WITHOUT THE MONETARY ASSISTANCE REPRESENTED BY THE AWARD. THE ENDOWMENT PORTFOLIO IS INVESTED THROUGH THE ARCHDIOCESAN COMMON INVESTMENT FUND, AS CUSTODIAN, AND SEEKS A BALANCE OF INCOME AND GROWTH TO SUPPORT ICSF PROGRAMS. GENERALLY, SPENDING SHOULD NOT EXCEED 5% OF A FUND'S VALUE AT THE BEGINNING OF THE FISCAL YEAR. X X true Faircom DIRECT MAIL false 176341 120083 56258 Trinity Direct DIRECT MAIL false 24519 16697 7822 Care2 DIRECT MAIL false 9178 6250 2928 Euro American DIRECT MAIL false 299722 204102 95620 509760 347132 162628 NY Annual Dinner 1267605 911309 356296 148303 38027 Spring Gala 773776 558167 215609 131102 5495 51958 3 716324 625021 91303 160833 30192 2757705 2094497 663208 440238 5495 120177 565910 97298 FUNDRAISING EXPENSES Direct mail Campaign expenses in the amount of $367,082 reported on the audited financial statements and reported on part IX, Line 11e, Direct Mail fundraising expense. In July 2012, Euro American changed their name to Faircom. true St Joseph - Yorkville 420 East 87th Street New York NY 10128 132691296 501(c)(3) 8000 Finacial Aid Grants Annunciation 461 West 131st St New York NY 10027 132686484 501(c)(3) 62000 Financial Aid Grants Ascension 220 West 108th St New York NY 10025 132695240 501(c)(3) 40220 Financial Aid Grants Blessed Sacrament 147 West 70th St New York NY 10023 132693402 501(c)(3) 10000 Financial Aid Grants Corpus Christi 535 West 121st St New York NY 10027 132698639 501(c)(3) 28000 Financial Aid Grants Good Shepard 620 Isham St New York NY 10034 131623946 501(c)(3) 37000 Financial Aid Grants Guardian Angel 193 10th St New York NY 10011 132693053 501(c)(3) 30000 Financial Aid Grants Holy Cross 332 West 43rd St New York NY 10036 132687238 501(c)(3) 17000 Financial Aid Grants Holy Name of Jesus 202 West 97th St New York NY 10025 132693399 501(c)(3) 32000 Financial Aid Grants Mt CarmelHoly Rosary 371 Pleasant Ave New York NY 10035 132831737 501(c)(3) 53000 Financial Aid Grants Immaculate Conception 419 east 13th St New York NY 10009 132703315 501(c)(3) 32000 Financial Aid Grants Incarnation 570 West 175th St New York NY 10033 132688407 501(c)(3) 84790 Financial Aid Grants Our Lady of Lourdes 468 West 143rd St New York NY 10031 131663210 501(c)(3) 66000 Financial Aid Grants Our Lady of Pompeii 240 Bleecker St New York NY 10014 133755325 501(c)(3) 12000 Financial Aid Grants Sacred Heart 95 West 168th St Bronx NY 10452 132691174 501 (c) (3) 41000 Financial aid grants Our Lady Queen of Angels 229 East 112th St New York NY 10029 132687297 501(c)(3) 32000 Financial Aid Grants Our Lady Queen of Martyrs 71 Arden St New York NY 10040 132694126 501(c)(3) 22000 Financial Aid Grants St Aloysius 223 West 132nd St New York NY 10027 132687246 501(c)(3) 22000 Financial Aid Grants St Ann 314 East 110th St New York NY 10029 132688387 501(c)(3) 49000 Financial Aid Grants St Brigid 185 East 7th St New York NY 10009 132693076 501(c)(3) 28000 Financial Aid Grants St Charles Borromeo 214 West 142nd St New York NY 10030 132688384 501(c)(3) 8000 Financial Aid Grants St Elizabeth 612 West 187th St New York NY 10033 132692428 501(c)(3) 42000 Financial Aid Grants St Gregory the Great 138 West 90th St New York NY 10024 132688401 501(c)(3) 19000 Financial Aid Grants St James and Joseph 1 Monroe St New York NY 10002 135642887 501(c)(3) 59474 Financial Aid Grants St Raymond Elem 2380 East Tremont Ave Bronx NY 10462 133615147 501(c)(3) 52000 Financial aid grants St Jude 433 West 204th St New York NY 10034 132687292 501(c)(3) 16000 Financial Aid Grants St Mark the Evangelist 55 West 138th St New York NY 10037 132686814 501(c)(3) 14000 Financial Aid Grants St Paul 114 East 118th St New York NY 10035 132687825 501(c)(3) 32000 Financial Aid Grants St Rose of Lima 517 West 164th St New York NY 10032 132690364 501(c)(3) 25000 Financial Aid Grants St Stephen of Hungary 408 East 82nd St New York NY 10028 132695173 501(c)(3) 19000 Financial Aid Grants Transfiguration 29 Mott St New York NY 10013 135562331 501(c)(3) 17000 Financial Aid Grants Blessed Sacrament 1160 Beach Ave Bronx NY 10472 131740140 501(c)(3) 16000 Financial Aid Grants Christ the King 1345 Grand Concourse Bronx NY 10452 132687820 501(c)(3) 52000 Financial Aid Grants Holy Cross 1846 randall Ave Bronx NY 10473 132693387 501(c)(3) 31000 Financial Aid Grants Holy Family 2169 Blackrock Ave Bronx NY 10472 132686489 501(c)(3) 12000 Financial Aid Grants Holy Rosary 1500 Arnow Ave Bronx NY 10469 132693071 501(c)(3) 6000 Financial Aid Grants Holy Spirit 1960 University Ave Bronx NY 10453 132696726 501(c)(3) 29000 Financial Aid Grants Immaculate Conception 378 East 151st St Bronx NY 10455 132686496 501(c)(3) 71500 Financial Aid Grants Immaculate Conception 760 East Gun Hill Bronx NY 10467 132693005 501(c)(3) 36000 Financial Aid Grants Nativity of our Blessed Lady 3893 Dyre Ave Bronx NY 10466 131743244 501(c)(3) 12000 Financial Aid Grants Our Lady of Angels 2865 Claflin Ave Bronx NY 10468 132688399 501(c)(3) 18000 Financial Aid Grants Our Lady of Grace 3981 Bronxwood Ave Bronx NY 10466 132693393 501(c)(3) 28000 Financial Aid Grants Our lady of Mercy 2512 Marion Ave Bronx NY 10458 132687824 501(c)(3) 32000 Financial Aid Grants Sacred Heart of Jesus 456 West 52nd Street New York NY 10019 135562980 501(c)(3) 28000 Financial Aid Grants St Angela Merici 266 East 163rd St Bronx NY 10451 132690368 501(c)(3) 40000 Financial Aid Grants St Ann 3511 Bainbridge Ave Bronx NY 10467 132687245 501(c)(3) 12000 Financial Aid Grants St Anselm 685 Tinton Ave Bronx NY 10455 132693054 501(c)(3) 87000 Financial Aid Grants St Anthony 1776 Mansion St Bronx NY 10460 132686486 501(c)(3) 7608 Financial Aid Grants St Athanasius 830 So Boulevard Bronx NY 10459 132687818 501(c)(3) 52018 Financial Aid Grants St Ann 125 Cromwell Ave Staten Island NY 10304 135596881 501(c)(3) 21500 Financial aid grants St Barnabas 425 East 240th St Bronx NY 10470 131942278 501(c)(3) 29990 Financial Aid Grants St Brendan 268 East 207th St Bronx NY 10467 132688402 501(c)(3) 29500 Financial Aid Grants St Helena 2050 Benedict Ave Bronx NY 10462 131740343 501(c)(3) 28000 Financial Aid Grants St Jerome 222 Alexander Ave Bronx NY 10454 132667168 501(c)(3) 50000 Financial Aid Grants St John 3143 Kingsbridge Ave Bronx NY 10463 132686756 501(c)(3) 13000 Financial Aid Grants St John Chrysostom 1144 Hoe Ave Bronx NY 10459 132734298 501(c)(3) 54000 Financial Aid Grants Holy Name of Jesus 70 Petersville Rd New Rochelle NY 10801 132693067 501(c)(3) 7500 Financial aid grants St Lucy 830 Mace Ave Bronx NY 10467 131740208 501(c)(3) 6000 Financial Aid Grants St Luke 608 East 139th St Bronx NY 10454 132693051 501(c)(3) 37000 Financial Aid Grants St Margaret Mary 121 East 177th St Bronx NY 10453 132695172 501(c)(3) 31000 Financial Aid Grants ADAPP 2789 Schurz Avenue Bronx NY 10465 132933816 501(c)(3) 80000 Financial Aid Grants St Mary 3956 Carpenter Ave Bronx NY 10466 131996614 501(c)(3) 42700 Financial Aid Grants St Mary Star of the Sea 580 Minnieford Ave Bronx NY 10464 132686767 501(c)(3) 14000 Financial Aid Grants St Nicholas of Tolentine 2336 Andrews Ave Bronx NY 10468 132690355 501(c)(3) 24000 Financial Aid Grants Sts Peter & Paul 838 Brook Ave Bronx NY 10451 131740375 501(c)(3) 62000 Financial Aid Grants Sts Philip & James 1160 East 213th St Bronx NY 10469 132686485 501(c)(3) 10000 Financial Aid Grants St Philip Neri 3031 Gran Concourse Bronx NY 10469 132690360 501(c)(3) 22000 Financial Aid Grants St Raymond 2151 St Raymond Ave Bronx NY 10462 131958475 501(c)(3) 114350 Financial Aid Grants St Simon Stock 2195 Valentine Ave Bronx NY 10457 132694446 501(c)(3) 26000 Financial Aid Grants St Thomas Aquinas 1909 Daly Ave Bronx NY 10460 132687828 501(c)(3) 31000 Financial Aid Grants Santa Maria 1510 Zerega Ave Bronx NY 10462 132692936 501(c)(3) 14000 Financial Aid Grants St Francis of Assisi 4300 Baychester Ave Bronx NY 10466 132695244 501(c)(3) 26500 Financial Aid Grants Visitation 171 West 239th St Bronx NY 10463 132691193 501(c)(3) 30000 Financial Aid Grants Immaculate Conception 104 Gordon St Staten Island NY 10304 132687296 501(c)(3) 22000 Financial Aid Grants Our Lady of Mount CarmelSt Benedicta 285 Clove Rd Staten Island NY 10310 132688388 501(c)(3) 26823 Financial Aid Grants New York Catholic Foundation 1011 First Avwnue New York NY 10022 132688405 501 (c)(3) 11922 Financial aid grant Our Lady of the Assumption 920 First Ave Peekskill NY 10566 132685995 501(c)(3) 20000 Financial Aid Grants Cathedral 350 East 56th St New York NY 10022 132669135 501(c)(3) 209618 Financial Aid Grants Mother Cabrini 701 Fort Washington Ave Manhattan NY 10040 132669135 501(c)(3) 105750 Financial Aid Grants Notre Dame 327 West 13th St Manhattan NY 10014 131782481 501(c)(3) 102915 Financial Aid Grants St Agnes Boys 555 West End Ave Manhattan NY 10024 132669135 501(c)(3) 50800 Financial Aid Grants St Jean Baptiste 173 East 75th St Manhattan NY 10021 132693089 501(c)(3) 154566 Financial Aid Grants La Salle 215 East 6th St Manhattan NY 10003 132669135 501(c)(3) 69350 Financial Aid Grants St Vincent Ferrer 151 East 65th St Manhattan NY 10021 132698371 501(c)(3) 59060 Financial Aid Grants St Peter Boys 200 Clinton Ave Staten Island NY 10301 132688406 501(c)(3) 25515 Financial Aid Grants Academy of Mt St Ursula 300 Bedford Pk Blvd Bronx NY 10458 131740316 501(c)(3) 103461 Financial Aid Grants All Hallows 111 East 164th St Bronx NY 10452 132669135 501(c)(3) 218326 Financial Aid Grants Aquinas HS 685 East 182nd St Bronx NY 10457 132728390 501(c)(3) 317054 Financial Aid Grants Cardinal Hayes 650 Grand Concourse Bronx NY 10451 132669135 501(c)(3) 249006 Financial Aid Grants Cardinal Spellman 1 Cardinal Spellman Newburgh NY 10466 132669135 501(c)(3) 216880 Financial Aid Grants Monsignor Scanlan 915 Hutchinson Bronx NY 10465 132679883 501(c)(3) 81800 Financial Aid Grants Mt St Michael 4300 Murdock Ave Bronx NY 10466 132690365 501(c)(3) 78420 Financial Aid Grants Preston 2780 Schurz Ave Bronx NY 10465 132669135 501(c)(3) 50006 Financial Aid Grants St Catherine 2250 Williamsbridge RD Bronx NY 10469 132687430 501(c)(3) 98500 Financial Aid Grants St Raymond Girls 1725 Castle Hill Ave Bronx NY 10462 132688683 501(c)(3) 144413 Financial Aid Grants Cardinal's Scholarship Program 8 West 38th Street 9th Fl New York NY 100186229 133096713 501(c)(3) 6507989 Financial Aid Grants Student Sponsor Partnership 286 Madison Ave 1601 New York NY 10017 133392965 501(c)(3) 91750 Financial Aid Grants St Joseph 1946 Bathgate Ave Bronx NY 10457 132690352 501(c)(3) 39000 Financial Aid Grants 117 FORM 990, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS Our "partnership for strong schools" granting program provides unrestricted funds to Inner-City Schools to use where the students and/or the school need it most. This could be for student scholarships, enrichment opportunities, capital repairs or general operations. The amount of money disbursed is based on the number of students per school. Be A Student Friend Applications are given to the principals, who hand them out to the neediest students who apply for financial aid. ICSF reviews all student applications and connects new sponsors with the students from the needy list. The donor's money is then applied to this student. To verify enrollment, ICSF is provided with a report card and thank you notes twice a year. Cardinal's Scholarship Program (CSP) ICSF's partner CSF administers the CSP. Students apply directly to CSP. CSP provides sliding-scale scholarships. Schools are sent grants for individual students. CSP verifies all students throughout the year and sends ICSF a copy. false false false false false false false false false SUSAN GEORGE 190257 0 0 0 12799 0 11400 0 14214 0 228670 0 0 0 FORM 990,PART III LINE 1, ORGANIZATION'S MISSION: Inner-City Scholarship Fund changes lives for the better by providing families with demonstrable financial need the opportunity to give their children a quality, values-based K-12 Catholic education within the Archdiocese of New York. ICSF exists to ensure that the gift of an excellent Catholic school education continues to be a viable option for current and future generations of students of all faiths. LINE 4D, OTHER PROGRAMS: ENRICHMENT PROGRAM - THIS PROGRAM GIVES HIGH SCHOOL JUNIORS AN OPPORTUNITY TO GAIN EXPERIENCE IN A BUSINESS SETTING THROUGH JOB-RELATED WORKSHOPS AND PAID SUMMER INTERNSHIPS AT MANY NEW YORK PRESTIGIOUS COMPANIES AND ORGANIZATIONS. JUNIOR COMMITTEE PROVIDES HANDS-ON SUPPORT TO STUDENTS IN OUR PARTICIPATING SCHOOLS. THEY WORK AND LIVE THROUGHOUT THE TRI-STATE AREA AND THEIR COMMON DESIRE IS TO HELP THE BOYS AND GIRLS OF THE INNER-CITY BY PROVIDING THEM WITH ENRICHING EXPERIENCE. SECTION A, FORM 990, PART VI, LINE 2 FAMILY RELATIONSHIP: THOMAS S. MURPHY SR., AND THOMAS S. MURPHY JR., TRUSTEE AND VICE PRESIDENT, HAVE A FAMILY RELATIONSHIP, FATHER AND SON. PATRICIA A. QUICK AND THOMAS QUICK, TRUSTEES, HAVE A FAMILY RELATIONSHIP, SIBLINGS. SECTION B, FORM 990,PART VI, LINE 11 THE TAX RETURN PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IS REVIEWED BY THE PRINCIPAL OFFICER. ICSF AUDIT COMMITTEE REVIEWS THE FORM 990 AND AN ELECTRONIC COPY OF THE FINAL FORM 990 IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING WITH THE IRS. SECTION B, FORM 990,PART VI, LINE 12 CONFLICT OF INTEREST A MEMBER OF THE BOARD OF TRUSTEES RECEIVES A COPY OF THE CONFLICT OF INTEREST QUESTIONNAIRE WITH OTHER MATERIALS TO SIGN. THE BOARD REVIEWS QUESTIONNAIRES COMPLETED BY EACH BOARD MEMBER ANNUALLY. THE POLICY PROVIDES THE FOLLOWING: A. Members of the board shall not personally benefit as a result of their board involvement except for reasonable compensation of services rendered. The purpose of this provision is to prevent Board members from acting primarily on the basis of financial self-interest and to prevent Inner-City Scholarship Fund from operating in a manner that favors board members to the detriment of others. B. In the event that the board considers an issue that involves the financial relationship between the organization and a member of the board, the Board member will disclose to the Board the financial relationship that the particular Board member has with respect to the issue. The Board Member shall refrain from voting on the matter. C. Board members who serve as an employee or volunteer in a decision making capacity on behalf of another organization which Inner-City Scholarship Fund is working with or transacting business with, shall inform the Board President and the Executive Director as to their involvement in the said organization. D. The Conflict of Interest Policy applies to a board member's immediate family as well as to individual board members. FORM 990,PART VI,SECTION C QUESTION 19 ALL FINANCIAL STATEMENTS AND SIGNED CONFLICT OF INTEREST FORMS ARE AVAILABLE ON THE ICSF WEB SITE, WWW.ICSF-NYC.ORG. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 900, PART, XI LINE 5 OTHER CHANGES IN NET ASSETS UNREALIZED GAIN ON INVESTMENTS: 199,826 Archdiocese of New York 1011 First Ave New York NY 10022 133089351 Religious NY 501(C)(3) 1 NA false Parish Assistance Corporation 1011 First Avenue New York NY 10022 263265664 Parish Suppor NY 501(c)(3) 1 Archd of NY false false false false true false false false false false false false false true false true false false false Parish Assistance Corporation d 2376340