2012-11-09T14:27:06-06:00 2011-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2011-01-01 222354475 TRI-COUNTY SCHOLARSHIP FUND TRI- 9739849600 4 CENTURY DRIVE NO 2ND FL PARSIPPANY NJ 07054 GREGORY FLOYD 9739849600 2012-11-08 1 BRIDGET HARTNETT P01429163 9739949494 2012-11-08 2011 2016-02-24 21:20:13Z GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 3078552 0 X WWW.TCSFUND.ORG X 1981 NJ TO PROVIDE SCHOLARSHIP ASSISTANCE, BASED SOLELY ON FINANCIAL NEED, FOR CHILDREN TO ATTEND PRIVATE SCHOOL. 43 42 4 75 0 0 1670647 1620297 0 0 63327 133857 8863 -18964 1742837 1735190 1187261 1184391 0 0 265625 261582 0 0 134938 118463 121556 1571349 1567529 171488 167661 2550164 2507690 608129 586500 1942035 1921190 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 1249434 1184391 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 545 SCHOLARSHIPS. 1249434 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 0 1 4 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 43 42 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 1.00 X X 0 0 0 GEORGE RACHMIEL 1.00 X X 0 0 0 GREGORY FLOYD 40.00 X X 123160 0 0 RC TOBY BABEUF 0.30 X 0 0 0 ELYSE D BEIDNER 0.30 X 0 0 0 BARRETT D BENCIVENGA 0.30 X 0 0 0 MARK BODE 0.30 X 0 0 0 PAUL 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 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 0.30 X 0 0 0 KELLY A FRANK 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 0.30 X 0 0 0 ROBERT A SAMETH 0.30 X 0 0 0 PAUL C SANTUCCI 0.30 X 0 0 0 JOSEPH W SPADA 0.30 X 0 0 0 CHRISTOPHER J STRACCO 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 123160 0 0 1 0 0 0 0 886845 733452 1620297 52820 52820 1344605 1263568 81037 81037 81037 41290 886845 70024 -28734 -28734 19540 9770 9770 9770 1735190 0 0 114893 1184391 1184391 123160 27095 45569 50496 114475 31250 30782 52443 12625 12625 11322 3091 3044 5187 19604 19604 150 150 2098 449 1649 128 128 22262 22262 5777 2880 2897 2367 2367 3929 3929 SPECIAL EVENTS 16659 16659 SOFTWARE 9872 9872 BANK FEES 8564 8564 PROSPECT RESEARCH 8095 8095 22051 21642 409 1567529 1249434 183157 134938 606962 588139 259000 269955 3067 2634 44868 37767 9468 7101 1567118 1535312 104549 104549 2550164 2507690 19918 588211 586500 608129 586500 X 609342 657057 146769 98209 1185924 1165924 1942035 1921190 2550164 2507690 X 167661 -188506 X X 0 1 1 X 0 X 1378296 1556802 1204359 1620298 1590341 7350096 1378296 1556802 1204359 1620298 1590341 7350096 7350096 43512 73652 40959 44718 52820 255661 81630 81630 7687387 2621841 0.95610 0.94550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1617143 -44270 -11788 1561085 1479372 21000 136771 -20000 1617143 1265815 273100 195850 267497 1467268 1818428 41250 -503863 90000 1265815 0.22000 0.75000 0.03000 0 0 44868 37767 7101 7101 1735190 1567529 167661 -188506 -188506 -20845 1470505 -188506 -188506 1659011 76179 76179 1735190 1491350 0 1491350 76179 76179 1567529 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 ORGANIZATIONS 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 ORGANIZATIONS 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 2008 AND FORWARD. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31,2011 AND 2010. AT DECEMBER 31, 2011 AND 2010, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT EXPENSES FUNDRAISING AND GAMING 76,179. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INDIRECT EXPENSES FUNDRAISING AND GAMING 76,179. ANNUAL DINNER 804565 769565 35000 30294 6430 GOLF TOURNAMENT 123570 117280 6290 18359 9133 5808 928135 886845 41290 18359 39427 12238 70024 -28734 19540 9770 1 1.00000 19540 9770 9770 9770 NJ 1 0 0 0 1.00000 GREGORY FLOYD 4 CENTURY DRIVE PARSIPPANY NJ 07054 0 GREGORY FLOYD X 0 1 SCHOLARSHIPS 547 1184391 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 RECIPIENT 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -188,506. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR.