Tri-County Scholarship Fund

Organization Overview

Tri-County Scholarship Fund is located in Mendham, NJ. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Tri-County Scholarship Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Tri-County Scholarship Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TRI-COUNTY SCHOLARSHIP FUND PROVIDES K-12 SCHOLARSHIPS TO DESERVING AND FINANCIALLY DISADVANTAGED CHILDREN IN NORTHERN NEW JERSEY SO THEY CAN OBTAIN A HIGH QUALITY, VALUES-BASED EDUCATION AT ACCREDITED PRIVATE ELEMENTARY AND SECONDARY SCHOOLS THAT WILL ENABLE THEM TO ACHIEVE THEIR FULL POTENTIAL.TCSF HOLDINGS, LLC IS A REAL ESTATE HOLDINGS COMPANY WHOLLY-OWNED BY THE FUND FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY FOR THE BENEFIT OF THE FUND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SINCE 1981, THE MISSION OF TRI-COUNTY SCHOLARSHIP FUND HAS BEEN TO PROVIDE FINANCIAL SUPPORT TO DESERVING AND ECONOMICALLY DISADVANTAGED CHILDREN IN GRADES KINDERGARTEN THROUGH 12, FOR THEM TO ATTEND ACCREDITED PAROCHIAL AND PRIVATE SCHOOLS. PARTIAL SCHOLARSHIPS ARE AWARDED ANNUALLY TO HUNDREDS OF STUDENTS. A TRI-COUNTY SCHOLARSHIP REPRESENTS A PARTNERSHIP BETWEEN THE SCHOOL THAT ALSO DISCOUNTS ITS TUITION, AND THE FAMILY WHO PAY THE BALANCE OF THE TUITION. KINDERGARTEN - 8TH GRADE TRI-COUNTY SCHOLARSHIPS ARE $2,000. HIGH SCHOOL SCHOLARSHIPS ARE FOR $4,000- $5,000. IN 2021, TRI-COUNTY SCHOLARSHIP FUND AWARDED 771 SCHOLARSHIPS.TRI-COUNTY SCHOLARSHIP RECIPIENT FAMILIES HAVE AN AVERAGE ANNUAL INCOME OF $30,000. THE MAJORITY ARE FROM THE INNER-CITY, AND MANY ARE SINGLE-PARENT HOUSEHOLDS. TRI-COUNTY SCHOLARSHIP STUDENTS ATTEND APPROXIMATELY 50 DIFFERENT VALUES-BASED PRIVATE SCHOOLS IN NORTHERN NEW JERSEY. TYPICALLY, 100% OF TRI-COUNTY STUDENTS GRADUATE FROM HIGH SCHOOL, GO ON TO COLLEGE, AND BECOME INDEPENDENT, CONTRIBUTING MEMBERS OF SOCIETY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Prudence A Pigott
President, Ex-Officio
$200,000
Joseph W Spada
Chair
$0
Frances Howard
Vice-Chair
$0
Fred Pierce
Treasurer
$0
Nancy A Lottinville ESQ
Trustee
$0
A Quentin Murray III
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,691,181
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,227,963
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,919,144
Total Program Service Revenue$0
Investment income $142,947
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,200
Net Gain/Loss on Asset Sales $272,718
Net Income from Fundraising Events -$182,888
Net Income from Gaming Activities $15,304
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,183,425

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Tri-County Scholarship Fund has recieved totaling $500.

Awarding OrganizationAmount
Atkinson Family Foundation Inc

Sparta, NJ

PURPOSE: CHARITY

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,244,107
Earnings$487,934
Net Contributions$1,859
Ending Balance$4,733,900

Create an account to unlock the data you need.

or