Nonprofit · EIN 51-0453629
INNER-CITY SCHOLARSHIP FUND INC
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $48,828,788 | $28,805,291 | $20,023,497 | $143,162,491 | $794,709 | $142,367,782 |
| August 31, 2024 | 990 | $26,514,486 | $21,459,132 | $5,055,354 | $121,330,635 | $1,228,097 | $120,102,538 |
| August 31, 2023 | 990 | $19,320,352 | $20,059,238 | -$738,886 | $107,195,052 | $726,822 | $106,468,230 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $40,084,746
- Program service revenue
- $0
- Investment income
- $9,238,339
- Net gain from sales of assets
- $5,224,851
- Net income from fundraising events
- -$494,297
- Other revenue
- -$494,297
Expenses
- Grants and similar amounts paid
- $24,219,489
- Other salaries and wages
- $2,028,107
- Salaries, compensation and benefits (total)
- $2,669,454
- Professional fundraising fees
- $827,550
- Accounting fees
- $94,735
- Occupancy
- $146,313
- Depreciation
- $10,135
- Program services (functional)
- $24,762,032
- Management and general (functional)
- $1,381,167
- Fundraising (functional)
- $2,662,092
Balance sheet and other
- Total assets, start of year
- $121,330,635
- Total assets, end of year
- $143,162,491
- Total liabilities, end of year
- $794,709
- Net assets, end of year
- $142,367,782
- Publicly traded securities
- $93,056,156
- Net assets without donor restrictions
- $26,080,095
- Net assets with donor restrictions
- $116,287,687
- Gross receipts
- $87,872,394
- Employees
- 28
- Volunteers
- 39
- Year formed
- 1971
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL LLOYD | EXECUTIVE DIRECTOR Highest-paid employee | 35 | $288,318 | $12,998 |
| MARY C BROWN | CHIEF OF FINANCE AND OPERATIONS Highest-paid employee | 35 | $151,598 | $41,857 |
| KIMBERLY BRANACH | DIRECTOR OF DEVELOPMENT Highest-paid employee | 35 | $143,838 | $41,856 |
| JAMES M VARAY | DATA AND OPS. ANALYST Highest-paid employee | 35 | $158,082 | $12,997 |
| ALBERTO ROBAINA | CHIEF OF STAFF, SPECIAL CO Highest-paid employee | 35 | $147,361 | $314 |
| CARDINAL TIMOTHY DOLAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER T GRAUER | TRUSTEE/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN P CAHILL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SR MARY GRACE WALSH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY J DE NICOLA | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P ESPOSITO III | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE M KEATING | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| REV JOSEPH P LAMORTE | VICAR GENERAL Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS S MURPHY JR | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS J BAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET CROTTY | TRUSTEE (THRU 5/2025) Trustee or director | 1 | $0 |
| LEON F DEJULIUS JR | TRUSTEE Trustee or director | 1 | $0 |
| SAMUEL A DI PIAZZA JR | TRUSTEE Trustee or director | 1 | $0 |
| ANA L DIEZ DE RIVERA-LAFFONT | TRUSTEE Trustee or director | 1 | $0 |
| JOHN Q DOYLE | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT GITTINGS | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS H GOLDEN | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD D HERLIHY | TRUSTEE Trustee or director | 1 | $0 |
| DONNA KALAJIAN LAGANI | TRUSTEE Trustee or director | 1 | $0 |
| ARTHUR J MAHON | TRUSTEE Trustee or director | 1 | $0 |
| LYNN C MARTIN | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL E MARTIN | TRUSTEE Trustee or director | 1 | $0 |
| TIMOTHY C MUCCIA | TRUSTEE Trustee or director | 1 | $0 |
| JAMES M NAUGHTON | TRUSTEE Trustee or director | 1 | $0 |
| PONCHITTA PIERCE | TRUSTEE Trustee or director | 1 | $0 |
| L CHRISTOPHER QUICK | TRUSTEE (START 7/23/25) Trustee or director | 1 | $0 |
| PATRICIA A QUICK | TRUSTEE (THRU 5/2025) Trustee or director | 1 | $0 |
| THOMAS C QUICK | TRUSTEE Trustee or director | 1 | $0 |
| THOMAS J REID | TRUSTEE Trustee or director | 1 | $0 |
| MO ROCCA | TRUSTEE Trustee or director | 1 | $0 |
| ARMANDO RODRIGUEZ JR | TRUSTEE Trustee or director | 1 | $0 |
| STEPHEN G ROONEY ESQ | TRUSTEE Trustee or director | 1 | $0 |
| FREDERIC V SALERNO | TRUSTEE Trustee or director | 1 | $0 |
| CHRISTINE H SCHWARZMAN | TRUSTEE Trustee or director | 1 | $0 |
| MELANIE SHUGART | TRUSTEE Trustee or director | 1 | $0 |
| MARTIN J SULLIVAN | TRUSTEE Trustee or director | 1 | $0 |
| WALTER S TOMENSON III | TRUSTEE Trustee or director | 1 | $0 |
| BISHOP EDMUND J WHALEN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL LLOYD | EXECUTIVE DIRECTOR Highest-paid employee | 35 | $237,106 | $12,149 |
| MARY C BROWN | CHIEF OPERATING OFFICER Highest-paid employee | 35 | $139,872 | $39,120 |
| PAUL COSTIGLIO | DIRECTOR OF MARKETING Highest-paid employee | 35 | $121,259 | $39,120 |
| ALBERTO ROBAINA | CHIEF OF STAFF, SPECIAL COUNSEL Highest-paid employee | 35 | $148,107 | $321 |
| CARDINAL TIMOTHY DOLAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER T GRAUER | TRUSTEE/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN P CAHILL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SR MARY GRACE WALSH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY J DE NICOLA | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P ESPOSITO III | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CATHERINE M KEATING | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| REV JOSEPH P LAMORTE | VICAR GENERAL Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS S MURPHY JR | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS J BAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET CROTTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LEON F DEJULIUS JR | TRUSTEE (BEG 2/21/24) Trustee or director | 1 | $0 | $0 |
| SAMUEL A DI PIAZZA JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANA L DIEZ DE RIVERA-LAFFONT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN Q DOYLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS H GOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD D HERLIHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONNA KALAJIAN LAGANI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARTHUR J MAHON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNN C MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL E MARTIN | TRUSTEE (BEG 2/21/24) Trustee or director | 1 | $0 | $0 |
| TIMOTHY C MUCCIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES M NAUGHTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PONCHITTA PIERCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA A QUICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS C QUICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS J REID | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MO ROCCA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARMANDO RODRIGUEZ JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN G ROONEY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERIC V SALERNO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE H SCHWARZMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELANIE SHUGART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN J SULLIVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTER S TOMENSON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT P WEISZ | TRUSTEE (END 4/30/24) Trustee or director | 1 | $0 | $0 |
| BISHOP EDMUND J WHALEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JILL LLOYD | EXECUTIVE DIRECTOR Key employee | 35 | $261,107 | $11,442 |
| ALYSON E VETTER | DIRECTOR OF MARKETING Highest-paid employee | 35 | $179,278 | $399 |
| MARY C BROWN | CHIEF OPERATING OFFICER Highest-paid employee | 35 | $137,769 | $36,649 |
| ALBERTO ROBAINA | CHIEF OF STAFF, SPECIAL COUNSEL Highest-paid employee | 35 | $144,763 | $11,442 |
| CARDINAL TIMOTHY DOLAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PETER T GRAUER | TRUSTEE/PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN P CAHILL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL DEEGAN | SECRETARY (END 7/2023) Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY J DE NICOLA | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P ESPOSITO III | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| REV JOSEPH P LAMORTE | VICAR GENERAL Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS S MURPHY JR | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DOUGLAS J BAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE B BENENSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARGARET CROTTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANA L DIEZ DE RIVERA-LAFFONT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMUEL A DI PIAZZA JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN Q DOYLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS H GOLDEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EDWARD D HERLIHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CATHERINE M KEATING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DONNA KALAJIAN LAGANI | TRUSTEE (BEG 5/2023) Trustee or director | 1 | $0 | $0 |
| ARTHUR J MAHON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNN C MARTIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TIMOTHY C MUCCIA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES M NAUGHTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PONCHITTA PIERCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS C QUICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PATRICIA A QUICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS J REID | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MO ROCCA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARMANDO RODRIGUEZ JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN G ROONEY ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDERIC V SALERNO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINE H SCHWARZMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MELANIE SHUGART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN J SULLIVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WALTER S TOMENSON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SR MARY GRACE WALSH | SECRETARY (BEG 7/2023) Trustee or director | 1 | $0 | $0 |
| ROBERT P WEISZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BISHOP EDMUND J WHALEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 488 MADISON AVE 3RD FL, NEW YORK, NY 10022-5702
- In care of
- % REV MSGR JOSEPH P LAMORTE
- Principal officer (990 for 2024)
- JILL LLOYD, 488 MADISON AVENUE 6TH FL, NEW YORK, NY 10022
- Signed the 990
- JILL LLOYD, EXECUTIVE DIRECTOR
- Phone
- (212) 753-8583
- Return prepared by
- KPMG LLP
Mission
INNER-CITY SCHOLARSHIP FUND (ICSF) ENSURES THAT THE GIFT OF AN EXCELLENT K-12 CATHOLIC SCHOOL EDUCATION IN THE ARCHDIOCESE OF NEW YORK CONTINUES TO BE A VIABE OPTION FOR BOTH CURRENT AND FUTURE STUDENTS OF ALL FAITHS. SEE SCHEDULE O.
Program accomplishments
- INTERNALLY MANAGED SCHOLARSHIPS: NEEDS-BASED AWARDS MADE FOR STUDENTS IN ARCHDIOCESE OF NEW YORK CATHOLIC SCHOOLS.Expenses $17,389,003 · grants $16,935,345
- EXTERNALLY MANAGED SCHOLARSHIPS: GRANT PAYMENTS FOR SCHOLARSHIPS IN PARTNERSHIP WITH THE CHILDREN'S SCHOLARSHIP FUND, AND STUDENT SPONSOR PARTNERS.Expenses $7,162,144 · grants $7,162,144
- FINANCIAL AID GRANTS: FINANCIAL AID GRANTS FOR UNDER-SERVICED CATHOLIC SCHOOLS, AND DEPARTMENT OF EDUCATION OF THE ARCHDIOCESE OF NEW YORK. THESE GRANTS COULD BE FOR STUDENT SCHOLARSHIPS, ENRICHMENT, OPPORTUNITIES, AND CAPITAL REPAIRS OR GENERAL OPERATIONS.Expenses $210,885 · grants $122,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 51-0453629
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1946
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $143,162,491
- Income (IRS master file)
- $87,872,394
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $48,828,788 | $28,805,291 | $143,162,491 | XML |
| 990 | August 2024 | $26,514,486 | $21,459,132 | $121,330,635 | XML |
| 990 | August 2023 | $19,320,352 | $20,059,238 | $107,195,052 | XML |
| 990 | August 2022 | $17,490,225 | $19,293,513 | $102,427,007 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0453629).
Questions about INNER-CITY SCHOLARSHIP FUND INC
- What is the EIN of INNER-CITY SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of INNER-CITY SCHOLARSHIP FUND INC is 51-0453629.
- Is INNER-CITY SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does INNER-CITY SCHOLARSHIP FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNER-CITY SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNER-CITY SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of INNER-CITY SCHOLARSHIP FUND INC?
- The 990 for the year ended August 31, 2025 names JILL LLOYD.
- Who are the officers and directors of INNER-CITY SCHOLARSHIP FUND INC?
- The 990 for the year ended August 31, 2025 lists 44 people; 5 received compensation from the organization, the highest $288,318 (JILL LLOYD, EXECUTIVE DIRECTOR).
- How much revenue does INNER-CITY SCHOLARSHIP FUND INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $48,828,788, expenses of $28,805,291 and total assets of $143,162,491 at year end.
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