EIN 22-2354475

Tri-County Scholarship Fund

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1981
Most recent tax filings
2023-12-01
Description
The 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 reach their full potential. Since 1981, it has been providing financial support for students in grades kindergarten through 12 to attend accredited parochial and private schools, offering partial scholarships.
Total revenues
$3,942,024
2023
Total expenses
$3,643,056
2023
Total assets
$10,277,706
2023
Num. employees
6
2023

Program areas at Tri-County Scholarship Fund

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 2023, Tri-County Scholarship Fund awarded 919 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.

Who funds Tri-County Scholarship Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Margaret A Darrin Charitable TrustTo Further Advance the Organizations Charitable Purpose$475,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$106,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$88,350
...and 59 more grants received totalling $1,367,058

Personnel at Tri-County Scholarship Fund

NameTitleCompensation
Prudence A. PigottPresident$235,000
Mike MundOffice Manager$138,993
Joseph W. SpadaChair$0
Frances HowardVice Chair$0
Fred P. PierceTreasurer$0

Financials for Tri-County Scholarship Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,834,761
Program services$0
Investment income and dividends$281,903
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$24,000
Net gain from sale of non-inventory assets$16,729
Net income from fundraising events$-229,669
Net income from gaming activities$14,300
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,942,024

Form 990s for Tri-County Scholarship Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-21990View PDF
2022-122023-06-30990View PDF
2021-122022-05-27990View PDF
2020-122021-07-09990View PDF
2019-122021-01-27990View PDF
...and 10 more Form 990s

Organizations like Tri-County Scholarship Fund

OrganizationLocationRevenue
Aurora Public Schools Education FoundationAurora, CO$2,682,880
Oregon Tech FoundationKlamath Falls, OR$6,429,423
Highland Community College FoundationFreeport, IL$4,333,251
Spencer Educational FoundationNew York, NY$2,484,287
Fashion Scholarship Fund (FSF)New York, NY$3,080,152
Ocean County College FoundationToms River, NJ$2,407,473
Page Education FoundationMinneapolis, MN$3,097,561
Cia Officers Memorial FoundationHerndon, VA$11,677,031
The Francis Ouimet Scholarship FundNorton, MA$6,281,798
Parkland College FoundationChampaign, IL$2,686,390
Data update history
November 2, 2024
Updated personnel
Identified 5 new personnel
October 23, 2024
Received grants
Identified 5 new grant, including a grant for $475,000 from Margaret A Darrin Charitable Trust
September 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 23, 2024
Updated personnel
Identified 6 new personnel
August 10, 2024
Received grants
Identified 12 new grant, including a grant for $45,000 from R&C Donovan Family Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsEndowed supportProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
14 W Main St
Mendham, NJ 07945
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Morris County, NJ
Website URL
tcsfund.org/ 
Phone
(973) 984-9600
IRS details
EIN
22-2354475
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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