2013-09-04T15:57:29-05:00 2012-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2012-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 GREGORY FLOYD 9739849600 2013-09-03 1 9739949494 2013-09-03 2012 2016-02-24 21:20:13Z GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 2302954 0 X WWW.TCSFUND.ORG X 1981 NJ TO PROVIDE SCHOLARSHIP ASSISTANCE, BASED SOLELY ON FINANCIAL NEED, FOR CHILDREN TO ATTEND PRIVATE SCHOOL. 46 45 4 75 0 0 1620297 1641584 0 0 133857 -5709 -18964 -84558 1735190 1551317 1184391 1283678 0 0 261582 232409 0 0 74017 121556 133603 1567529 1649690 167661 -98373 2507690 2513439 586500 637313 1921190 1876126 X THE MISSION OF TRI-COUNTY SCHOLARSHIP FUND IS TO PROVIDE FINANCIAL SUPPORT TO DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN, REGARDLESS OF RACE, RELIGION, OR NATIONAL ORIGIN, SO THEY CAN OBTAIN A QUALITY VALUE-CENTERED EDUCATION THROUGH ACCREDITED PAROCHIAL AND PRIVATE SCHOOLS. 0 0 1346811 1283678 1551317 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. THIS YEAR TRI-COUNTY SCHOLARSHIP FUND AWARDED 485 SCHOLARSHIPS. 1346811 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 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 45 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X X THE ORGANIZATION 9739849600 4 CENTURY DRIVE - 2ND FLOOR PARSIPPANY NJ 07054 TIMOTHY I DUFFY ESQ 1.00 X X 0 0 0 GEORGE RACHMIEL 2.00 X X 0 0 0 GREGORY FLOYD 40.00 X X 126280 0 23666 RC TOBY BABEUF 0.30 X 0 0 0 ELYSE D BEIDNER ESQ 0.30 X 0 0 0 BARRETT D BENCIVENGA 0.30 X 0 0 0 MARK BODE 0.30 X 0 0 0 PAUL L BOUDREAU 0.30 X 0 0 0 ROBERT W CAVALERO 0.30 X 0 0 0 JOHN C CHAPMAN 0.30 X 0 0 0 JOSEPH A CHERRY 0.30 X 0 0 0 BRIAN J CLARK 0.30 X 0 0 0 BART J COLLI ESQ 0.30 X 0 0 0 WILLIAM J COZINE 0.30 X 0 0 0 THOMAS B CRANE 0.30 X 0 0 0 JOHN C CRIMI 0.30 X 0 0 0 RICK DEBEL 0.30 X 0 0 0 JAMES T ELLIOT JR ESQ 0.30 X 0 0 0 THOMAS FAMULARO 0.30 X 0 0 0 KELLY A FRANK 0.30 X 0 0 0 WILLIAM C GASCOIGNE 0.30 X 0 0 0 JOSEPH A GONNELLA 0.30 X 0 0 0 JOHN C HAGERTY 0.30 X 0 0 0 THOMAS J HEALEY 0.30 X 0 0 0 DOUGLAS L KENNEDY 0.30 X 0 0 0 ERNEST J LARINI 0.30 X 0 0 0 MICHAEL D LEZYNSKI 0.30 X 0 0 0 THOMAS J MARINO 0.30 X 0 0 0 JOSEPH J MARTINI 0.30 X 0 0 0 KARL H MEISTER 0.30 X 0 0 0 SUZY MORAN 0.30 X 0 0 0 VIRGINIA MORIARTY 0.30 X 0 0 0 MARY A MULHOLLAND 0.30 X 0 0 0 A QUENTIN MURRAY III 0.30 X 0 0 0 RICHARD F NEUMAN 0.30 X 0 0 0 PAUL L ONDERDONK 0.30 X 0 0 0 MARGARET M PARADISE 0.30 X 0 0 0 MANNAN RAZZAK MD 0.30 X 0 0 0 ROBERT A SAMETH 0.30 X 0 0 0 PAUL C SANTUCCI 0.30 X 0 0 0 JOSEP W SPADA 0.30 X 0 0 0 CHRISTOPHER J STRACCO ESQ 0.30 X 0 0 0 CHARLES VARVARO 0.30 X 0 0 0 ROBERT J WALDELE 0.30 X 0 0 0 SUSANNE C WALDELE 0.30 X 0 0 0 JOHN P WICKLOW 0.30 X 0 0 0 126280 0 23666 1 0 0 0 0 849820 791764 1641584 58891 58891 541229 605829 -64600 -64600 -64600 61250 849820 145808 -84558 -84558 1551317 0 0 -90267 1283678 1283678 149947 40286 79820 29841 60730 18971 27587 14172 12605 12605 9127 3315 3477 2335 19715 19715 150 150 9124 411 8097 616 10437 10437 21571 21571 4935 4935 2367 2367 3402 3402 BANK FEES 23662 23662 SPECIAL EVENTS 14365 14365 PROSPECT RESEARCH 11592 11592 EQUIPMENT LEASE 6216 6216 6067 4971 1096 1649690 1346811 228862 74017 588139 526928 269955 297000 2634 2713 44868 40134 7101 4734 1535312 1682064 104549 0 2507690 2513439 1413 586500 635900 586500 637313 X 657057 538372 98209 190830 1165924 1146924 1921190 1876126 2507690 2513439 -98373 53309 0 X X 0 1 X 1 0 X 1556802 1204359 1620298 1590341 1641584 7613384 1556802 1204359 1620298 1590341 1641584 7613384 1236644 6376740 73652 40959 44718 52820 58891 271040 7884424 0.80880 0.95610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1561085 136066 1697151 1617143 -44270 -11788 1561085 1479372 21000 136771 -20000 1617143 1265815 273100 195850 267497 1467268 1818428 41250 -503863 90000 1265815 0.24000 0.61000 0.10000 0 0 44868 40134 4734 4734 X 1604626 53309 53309 1551317 0 1551317 1649690 0 1649690 0 1649690 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 DE-RECOGNITION, 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 2009 AND FORWARD. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31,2012 AND 2011. AT DECEMBER 31, 2012 AND 2011, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT EXPENSES FUNDRAISING AND GAMING ANNUAL DINNER 756050 726300 29750 25529 54556 GOLF TOURNAMENT 155020 123520 31500 6373 7507 19570 11809 20464 911070 849820 61250 6373 7507 19570 37338 75020 145808 -84558 NJ 1 0 0 0 1.00000 GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 0 GREGORY FLOYD X 0 1 SCHOLARSHIPS 485 1283678 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. 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 AND VIA THE WEBSITE WWW.GUIDESTAR.ORG. 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. OVERSIGHT PROCESS OF AUDIT FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.