EIN 22-2354475

Tri-County Scholarship Fund

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1981
Most recent tax filings
2022-12-01
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
$4,548,687
2022
Total expenses
$3,347,080
2022
Total assets
$9,199,848
2022
Num. employees
7
2022

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 2022, Tri-County Scholarship Fund awarded 858 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$500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$306,400
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$173,500
...and 53 more grants received totalling $1,588,174

Personnel at Tri-County Scholarship Fund

NameTitleCompensation
Prudence PigottPresident$225,000
Joseph W SpadaChair$0
Fred PierceTreasurer$0
Frances HowardVice - Chair$0

Financials for Tri-County Scholarship Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,582,437
Program services$0
Investment income and dividends$151,717
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$7,400
Net gain from sale of non-inventory assets$9,850
Net income from fundraising events$-215,747
Net income from gaming activities$13,030
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,548,687

Form 990s for Tri-County Scholarship Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-30990View PDF
2021-122022-05-27990View PDF
2020-122021-07-09990View PDF
2019-122021-01-27990View PDF
2018-122019-09-14990View PDF
...and 9 more Form 990s
Data update history
October 23, 2023
Received grants
Identified 3 new grant, including a grant for $23,250 from The Blackbaud Giving Fund
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 5 new personnel
August 21, 2023
Used new vendors
Identified 1 new vendor, including
August 20, 2023
Received grants
Identified 34 new grant, including a grant for $500,000 from Margaret A Darrin Charitable Trust
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsEndowed supportProvides scholarshipsGala fundraisersTax deductible donations
General information
Address
14 W Main St
Mendham, NJ 07945
Metro area
New York-Newark-Jersey City, NY-NJ-PA
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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