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Education : Scholarship and Financial Support

Tri-County Scholarship Fund

Changing lives, one child at a time since 1981

four stars

95.06

14 West Main Street Mendham, NJ 07945
tel: (973) 984-9600   Web Site
EIN: 22-2354475

Board Leadership
Rick DeBel
Chairman

CEO
Prudence A. Pigott
President

  Score
(out of 100)
Rating
Overall Score & Rating 95.06 four stars
  Financial 93.02 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

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. Scholarships are awarded annually to hundreds of students. Many families are immigrants struggling to provide their children with a quality education in a safe and disciplined environment. Since 1981, over 31,000 scholarships have been awarded representing over $26 million in Tri-County Scholarship Fund assistance.

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. Scholarships are awarded annually to hundreds of students. Many families are immigrants struggling to provide their children with a quality education in a safe and disciplined environment. Since 1981, over 31,000 scholarships have been awarded representing over $26 million in Tri-County Scholarship Fund assistance.

Impact Information

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This impact information is current as of January 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

93.02

Accountability & Transparency

four stars

100.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.1%
  Administrative Expenses 9.1%
  Fundraising Expenses 12.6%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.45
  Program Expenses Growth 13.8%
  Liabilities to Assets 16.3%
All data for Financial Performance Metrics calculations was provided by Tri-County Scholarship Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Tri-County Scholarship Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Tri-County Scholarship Fund (NJ) 95.06 four stars
Catholic Schools Foundation (MA) 91.50 four stars
NBCC Foundation (NC) 86.21 three stars
Thurgood Marshall College Fund (DC) 92.15 four stars
Futures in Education (NY) 87.25 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,484,121
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,480,459
   Related Organizations $0
   Government Grants $0
Total Contributions $2,964,580
   Program Service Revenue $0
Total Primary Revenue $2,964,580
   Other Revenue $62,174
TOTAL REVENUE $3,026,754
   
EXPENSES  
   Program Expenses $1,577,265
   Administrative Expenses $141,796
   Fundraising Expenses $152,544
TOTAL FUNCTIONAL EXPENSES $1,871,605
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,155,149
   
Net Assets $3,599,167

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Financial Support to Disadvantaged Children $1,577,265 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 10/01/2019 95.06 four stars
2017-12 12/01/2018 86.41 three stars
2016-12 04/01/2018 78.39 two stars
2016-12 03/01/2018 73.98 two stars
2015-12 05/01/2017 81.16 three stars
2014-12 06/01/2016 84.08 three stars
 
CN 2.0
2014-12 12/22/2015 76.57 two stars
2013-12 05/01/2015 82.39 three stars
2012-12 08/01/2014 85.50 three stars
2012-12 12/20/2013 83.79 three stars
2011-12 06/01/2013 84.89 three stars
2010-12 03/01/2012 90.76 four stars
2009-12 09/20/2011 83.37 three stars
 
CN 1.0
2009-12 06/01/2011 73.32 two stars
2008-12 07/01/2010 85.18 three stars
2007-12 02/01/2009 79.85 two stars
2006-12 03/01/2008 78.95 two stars
2005-12 02/01/2007 76.50 two stars
2004-12 02/01/2006 81.94 three stars
2003-12 12/01/2004 71.96 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 22-2354475
Name in IRS Master File TRI-COUNTY SCHOLARSHIP FUND
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$125,000 6.67% Prudence A. Pigott President

Highly Rated

Charity Name & State Overall Score Overall Rating
Tri-County Scholarship Fund (NJ) 95.06 four stars
Institute for Educational Advancement (CA) 89.48 three stars
Inner-City Scholarship Fund (NY) 85.98 three stars
Astronaut Scholarship Foundation Inc. (FL) 87.07 three stars
Central Scholarship (MD) 94.65 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Tri-County Scholarship Fund
14 West Main Street
Mendham, NJ 07945
tel: (973) 984-9600
fax: (973) 984-6300
EIN: 22-2354475

Visit Web Site

Board Leadership

Rick DeBel
Chairman

CEO

Prudence A. Pigott
President

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