Tri-county Scholarship Fund
Only null% goes to programs Strong reserves Growing revenue
Tri-county Scholarship Fund is a 501(c)(3) organization based in Mendham, New Jersey, registered in 1983, with $5,164,180 in FY2024 revenue. CharityIndex grades it B.
14 West Main Street, Mendham, NJ, 07945 EIN 22-2354475 Since 1983
Revenue (FY2024)
$5.2M
▲ 31.0% vs prior year
Education median: $200K
Expenses (FY2024)
$4.6M
Net assets
$9.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tri-county Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tri-county Scholarship Fund: 25 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tri-county Scholarship Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tri-county Scholarship Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 14 West Main Street, Mendham, NJ, 07945
- City
- Mendham
- State
- New Jersey
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $1.5M (FY2013) to $5.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6MNet assets $9.6M
Operating margin
11.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.2M
Total liabilities
$1.6M
Net assets
$9.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,164,180▲31.0% | $4,557,952▲25.1% | $9,556,235▲8.6% | $11,164,560▲8.6% | 990 |
| 2023 | $3,942,024▼13.3% | $3,643,056▲8.8% | $8,803,283▲11.3% | $10,277,706▲11.7% | 990 |
| 2022 | $4,548,687▲8.7% | $3,347,080▲9.8% | $7,911,541▲4.7% | $9,199,848▲5.0% | 990 |
| 2021 | $4,183,425▲8.4% | $3,047,012▲9.1% | $7,558,376▲19.8% | $8,758,525▲17.4% | 990 |
| 2020 | $3,859,376▲16.0% | $2,792,278▲21.5% | $6,308,889▲26.1% | $7,463,451▲28.0% | 990 |
| 2019 | $3,326,623▲9.9% | $2,298,621▲22.8% | $5,003,102▲39.0% | $5,832,945▲35.5% | 990 |
| 2018 | $3,026,754▲44.3% | $1,871,605▲24.7% | $3,599,167▲33.8% | $4,304,677▲33.4% | 990 |
| 2017 | $2,097,533▲13.7% | $1,501,014▼14.4% | $2,690,362▲25.4% | $3,228,030▲18.5% | 990 |
| 2016 | $1,845,588▲18.9% | $1,752,796▲16.0% | $2,146,102▲8.7% | $2,725,099▲8.7% | 990 |
| 2015 | $1,552,790▲1.4% | $1,511,177▲2.9% | $1,973,630▼3.7% | $2,507,052▼1.7% | 990 |
| 2014 | $1,530,966▼0.6% | $1,468,945▼6.3% | $2,049,205▲4.3% | $2,550,637▼1.1% | 990 |
| 2013 | $1,540,970 | $1,567,061▼5.0% | $1,964,953▲4.7% | $2,580,149▲2.7% | 990 |
| 2012 | — | $1,649,690▲5.2% | $1,876,126▼2.3% | $2,513,439▲0.2% | 990 |
| 2011 | — | $1,567,529▼0.2% | $1,921,190▼1.1% | $2,507,690▼1.7% | 990 |
| 2010 | — | $1,571,349 | $1,942,035 | $2,550,164 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.8M total
78 grants to Tri-county Scholarship Fund totaling $3.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $118,574 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $75,000 |
| American Online Giving Foundation Inc | General support | 2024 | $68,246 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,500 |
| The Bessemer Giving Fund | General support | 2024 | $45,000 |
| Community Foundation of New Jersey | Scholarships, financial aid & scholar support services | 2024 | $20,000 |
| American Endowment Foundation | Educational | 2024 | $10,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $7,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $166,300 |
| American Online Giving Foundation Inc | General support | 2023 | $133,358 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $103,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $55,000 |
| National Philanthropic Tr | Religion | 2023 | $36,000 |
| Donor Advised Charitable Giving | Education | 2023 | $32,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $24,696 |
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Frequently asked questions
- Is Tri-county Scholarship Fund a legitimate nonprofit?
- Yes. Tri-county Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2354475, based in Mendham, New Jersey. Donations are tax-deductible.
- What is Tri-county Scholarship Fund's EIN?
- Tri-county Scholarship Fund's Employer Identification Number (EIN) is 22-2354475.
- How much revenue does Tri-county Scholarship Fund report?
- Tri-county Scholarship Fund reported $5,164,180 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tri-county Scholarship Fund have?
- CharityIndex grades Tri-county Scholarship Fund B, based on financial health (reserves and operating margin).
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Data for Tri-county Scholarship Fund (EIN 22-2354475) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.