Inner City Scholarship Fund Inc

“Family relationship patricia a. Quick and thomas quick, trustees, have a family relationship.”

“Review of form 990 the tax return prepared by an independent accounting firm is reviewed by the principal officer. Icsf audit committee reviews the form 990 and an electronic copy of the final form 990 is provided to each member of the organization's governing body prior to filing with the irs.”

“Conflict of interest a member of the board of trustees receives a copy of the conflict of interest questionnaire with other materials to sign. The board reviews questionnaires completed by each board member annually. The policy provides the following: a. Members of the board shall not personally benefit as a result of their board involvement except for reasonable compensation of services rendered. The purpose of this provision is to prevent board members from acting primarily on the basis of their financial self- interest and to prevent inner-city scholarship fund form operating in a manner that favors board members to the detriment of others. B. In the event that the board considers an issue that involves the financial relationships between the organization and a member of the board, the board member will disclose to the board the financial relationship that the particular board member has with respect to the issue. The board member shall refrain from voting on the matter. C. Board members who serve as an employee or volunteer in a decision making capacity on behalf of another organization which inner-city scholarship fund is working with or transacting business with, shall inform the board president and the executive director as to their involvement in the said organization. D. The conflict of interest policy applies to a board member's immediate family as well as to individual board members.”

“Availability of documents all financial statements and signed conflict of interest forms are available on the icsf web site www.innercityscholarshipfund.org. Governing documents are available upon request.”

“Provides families with demonstrable financial need the opportunity to give their children a quality, values-based k-12 catholic education within the archdiocese of ny.”

“Mission inner city scholarship fund, inc. (icsf) exists to ensure that the gift of an excellent catholic school education continues to be a viable option for current and future generations of students of all faiths and to students in our participating schools. They work and live throughout the tri-state area and their common desire is to help the boys and girls of the inner-city by providing them with enriching experience.”

“Forms w-3 the archdiocese of new york issues the forms w-2 for all individuals who provide services to inner-city scholarship fund. The salaries for such individuals' time worked for inner-city scholarship fund has been properly reported as inner-city scholarship fund's salary expense.”

“Change in value of gift annuity 582,385. Write off of endowment -400,000.”