INNER CITY SCHOLARSHIP FUND INC Charity Report

Public IRS 990 nonprofit record

INNER CITY SCHOLARSHIP FUND INC

EIN 51-0453629

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders44 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

50.71%of revenue went to mission work86.0% of expenses · Program services

5.45%of revenue went to fundraising9.2% of expenses

$58.99spent for every $100 of revenueRevenue covered expenses this year.

2.83%of revenue went to management and office costs4.8% of expenses

$4.97in assets for every $1 spent this yearSome assets cannot be spent right away.

82.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $301,316 for JILL LLOYD (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$48,828,788

Mission workProgram services$24,762,03250.71% of revenue86.0% of expenses

ManagementOffice and general costs$1,381,1672.83% of revenue4.8% of expenses

FundraisingAsking for donations$2,662,0925.45% of revenue9.2% of expenses

Revenue left after expensesReported annual surplus$20,023,49741.01% of revenueShown in gray on the chart

Total expenses$28,805,29158.99% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.0% mission · 4.8% management · 9.2% fundraisingTotal expenses: 58.99% of revenue

2023Expense mix: 83.2% mission · 5.8% management · 11.1% fundraisingTotal expenses: 80.93% of revenue

2022Expense mix: 84.3% mission · 5.3% management · 10.4% fundraisingTotal expenses: 103.82% of revenue

2021Expense mix: 83.3% mission · 4.4% management · 12.3% fundraisingTotal expenses: 110.31% of revenue

2020Expense mix: 84.8% mission · 5.1% management · 10.1% fundraisingTotal expenses: 81.13% of revenue

2019Expense mix: 83.2% mission · 5.7% management · 11.1% fundraisingTotal expenses: 86.24% of revenue

2018Expense mix: 80.8% mission · 5.4% management · 13.7% fundraisingTotal expenses: 34.78% of revenue

2017Expense mix: 81.9% mission · 4.9% management · 13.2% fundraisingTotal expenses: 84.44% of revenue

Money in and money out

Revenue$48,828,788

Expenses$28,805,291

Annual surplus $20,023,497 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$24,762,032 · 86.0% of expenses

Management and office costs$1,381,167 · 4.8% of expenses

Fundraising$2,662,092 · 9.2% of expenses

See all reported dollar amounts

Revenue$48,828,788

Expenses$28,805,291

Assets$143,162,491

Income$87,872,394

Contributions$40,084,746

Mission work (program services)$24,762,032

Fundraising$2,662,092

Grants given$160,224,855

Average grant$199,533

Management and general$1,381,167

Stocks and bonds$93,056,156

Accounting fees$94,735

Investing fees$5,791

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JILL LLOYDEXECUTIVE DIRECTOR · 35 hrs/week $301,316Base $288,318 · Other $12,998

MARY C BROWNCHIEF OF FINANCE AND OPERATIONS · 35 hrs/week $193,455Base $151,598 · Other $41,857

KIMBERLY BRANACHDIRECTOR OF DEVELOPMENT · 35 hrs/week $185,694Base $143,838 · Other $41,856

JAMES M VARAYDATA AND OPS. ANALYST · 35 hrs/week $171,079Base $158,082 · Other $12,997

ALBERTO ROBAINACHIEF OF STAFF, SPECIAL CO · 35 hrs/week $147,675Base $147,361 · Other $314

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (44)

JILL LLOYDEXECUTIVE DIRECTOR

MARY C BROWNCHIEF OF FINANCE AND OPERATIONS

KIMBERLY BRANACHDIRECTOR OF DEVELOPMENT

JAMES M VARAYDATA AND OPS. ANALYST

ALBERTO ROBAINACHIEF OF STAFF, SPECIAL CO

PONCHITTA PIERCETRUSTEE

MELANIE SHUGARTTRUSTEE

MICHAEL E MARTINTRUSTEE

MICHAEL P ESPOSITO IIITRUSTEE/VICE PRESIDENT

MO ROCCATRUSTEE

PATRICIA A QUICKTRUSTEE (THRU 5/2025)

PETER T GRAUERTRUSTEE/PRESIDENT

LYNN C MARTINTRUSTEE

REV JOSEPH P LAMORTEVICAR GENERAL

ROBERT GITTINGSTRUSTEE

SAMUEL A DI PIAZZA JRTRUSTEE

SR MARY GRACE WALSHSECRETARY

STEPHEN G ROONEY ESQTRUSTEE

THOMAS C QUICKTRUSTEE

THOMAS H GOLDENTRUSTEE

THOMAS J REIDTRUSTEE

THOMAS S MURPHY JRTRUSTEE/VICE PRESIDENT

TIMOTHY C MUCCIATRUSTEE

WALTER S TOMENSON IIITRUSTEE

DOUGLAS J BANDTRUSTEE

ANA L DIEZ DE RIVERA-LAFFONTTRUSTEE

ANTHONY J DE NICOLATRUSTEE/VICE PRESIDENT

ARMANDO RODRIGUEZ JRTRUSTEE

ARTHUR J MAHONTRUSTEE

BISHOP EDMUND J WHALENTRUSTEE

CARDINAL TIMOTHY DOLANCHAIRMAN

CATHERINE M KEATINGTRUSTEE/VICE PRESIDENT

CHRISTINE H SCHWARZMANTRUSTEE

DONNA KALAJIAN LAGANITRUSTEE

MARTIN J SULLIVANTRUSTEE

EDWARD D HERLIHYTRUSTEE

FREDERIC V SALERNOTRUSTEE

JAMES M NAUGHTONTRUSTEE

JOHN P CAHILLTREASURER

JOHN Q DOYLETRUSTEE

L CHRISTOPHER QUICKTRUSTEE (START 7/23/25)

LAWRENCE B BENENSONTRUSTEE

LEON F DEJULIUS JRTRUSTEE

MARGARET CROTTYTRUSTEE (THRU 5/2025)

About this charity

Recognized since: January 1946
Location: 489 MADISON AVE 6TH FLOOR, NEW YORK, NY 10022-0000
County: New York
In care of: % REV MSGR JOSEPH P LAMORTE
Primary officer: JILL LLOYD, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(212) 753-8583

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: KPMG LLP
Grant-giving organization: Yes