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← GWSCPA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by GWSCPA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$1,117,137
Total expenses
$1,216,468
Contributions and grants received
$15,718
Grants paid
$20,000
Program service revenue
$1,086,105
Investment income
$15,314
Other revenue
$0
Total assets, end of year
$800,182
Total liabilities, end of year
$499,370
Net assets or fund balances, end of year
$300,812
Program services expenses (Part IX)
$1,003,053
Management and general expenses
$213,415
Fundraising expenses
$0
Program service expenses (Part III)
$1,003,053

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $15,718

  • 2a · Program service revenue: Educational prog. fees

    total $1,086,105 · related or exempt $703,565 · excluded $382,540

  • 3 · Investment income

    total $11,841 · excluded $11,841

  • 7a · Gross sales of assets other than inventory

    securities $103,583

  • 7b · Less cost or other basis and sales expenses

    securities $100,110

  • 7c · Gain or loss

    securities $3,473

  • 7d · Net gain or loss

    total $3,473 · excluded $3,473

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $20,000 · program services $20,000

  • 5 · Compensation of officers, directors and key employees

    total $221,417 · program services $159,890 · management and general $61,527

  • 7 · Other salaries and wages

    total $282,689 · program services $204,136 · management and general $78,553

  • 8 · Pension plan contributions

    total $14,021 · program services $10,125 · management and general $3,896

  • 9 · Other employee benefits

    total $43,092 · program services $31,117 · management and general $11,975

  • 10 · Payroll taxes

    total $36,395 · program services $26,282 · management and general $10,113

  • 11c · Fees: accounting

    total $24,227 · management and general $24,227

  • 11f · Fees: investment management

    total $5,591 · management and general $5,591

  • 11g · Fees: other

    total $83,567 · program services $79,555 · management and general $4,012

  • 13 · Office expenses

    total $68,520 · program services $66,378 · management and general $2,142

  • 14 · Information technology

    total $81,855 · program services $73,338 · management and general $8,517

  • 16 · Occupancy

    total $2,882 · program services $2,404 · management and general $478

  • 17 · Travel

    total $3,599 · program services $3,599

  • 19 · Conferences, conventions and meetings

    total $317,106 · program services $317,106

  • 22 · Depreciation, depletion and amortization

    total $6,751 · program services $5,432 · management and general $1,319

  • 23 · Insurance

    total $4,756 · program services $3,691 · management and general $1,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,318 · end of year $190,309

  • 2 · Savings and temporary cash investments

    beginning of year $1,186 · end of year $1,022

  • 4 · Accounts receivable

    beginning of year $7,931 · end of year $9,497

  • 11 · Investments: publicly traded securities

    beginning of year $539,430 · end of year $599,354

  • 19 · Deferred revenue

    beginning of year $64,132 · end of year $48,312

  • 25 · Other liabilities

    beginning of year $427,941 · end of year $451,058

  • 27 · Net assets without donor restrictions

    beginning of year $343,486 · end of year $300,812

  • 28 · Net assets with donor restrictions

    beginning of year $7,306 · end of year $0

Mission and programs · 2024

Mission

The GWSCPA Educational Foundation provides continuing technical and professional development programs for accounting and financial professionals. We support development of the profession through student scholarships for DC area accounting students. We support nonprofit staff and volunteers through a wide range of industry specific education and programs which support accountability and effectiveness of the nonprofit sector.

Activities or mission (Part I)

To provide continuing technical and professional development programs for CPAs.

  • Nonprofit Symposium: The Nonprofit Symposium is one of the largest and most respected conferences of its kind in the country, offering a multi-day event for nonprofit finance and accounting professionals. The conference spans tax, accounting, auditing, managenent and technology topics and brings together hundreds of nonprofit industry professionals and service providers dedicated to the sector.

    Expenses $524,786 · Revenue $454,583

  • Learning: The Foundation offers continuing education seminars, webinars and conferences throughout the year in order to keep DC area finance and accounting professionals at the forefront of the profession. Topics range from technical standards to leadership development, diversity and inclusion, and we have a special emphasis on programming related to the nonprofit sector.

    Expenses $302,440 · Revenue $248,884

  • Membership & Community: The Foundation expands on our technical education via leadership development courses and industry specific development and networking opportunities for young professionals in various sectors of the accounting and finance community.

    Expenses $140,398

  • Scholarship Program: The Foundation offers scholarships annually to outstanding accounting students and future CPAs studying at DC area universities.

    Expenses $24,069 · Grants $20,000

  • The Nonprofit Accounting Basics project is a free website with resources aimed at smaller nonprofits. We offer guidance in prudent financial management and accounting, tax and audit practies.

    Expenses $11,360

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carolyn Mollen

    Immediate Past-President

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Chris Mannina

    President

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Julia Lafferty

    Vice-President

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Paul Preziotti

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Sheila Bedford

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Kathy O'Connor

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Bob Storz

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Carl Hairston

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sarah Tucker

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brittney Gordon

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Derek Thomas

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jessica McClain

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jen Matteo

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael Harris

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mike Sorrells

    Governor Emeritus

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Venus Tuazon

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Alex Galeano

    Governor Emeritus

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Omid Mohebbi

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Evan Seward

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Contina Djouga

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jess Roper

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Christine Cardinal

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Laurie DeArmond

    Governor

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kari Bedell

    Executive Director

    Total calculated
    $299,649
    From this org
    $183,048
    From related orgs
    $69,677
    Other
    $46,924
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $151,481 + $59,644 related
    Bonus
    $31,567 + $10,033 related
    Other
    $0
    Deferred
    $9,152 + $3,484 related
    Nontaxable benefits
    $24,344 + $9,944 related
    Filer's total
    $216,544 + $83,105 related
  • Meghan Jenkins

    Senior Director, Engagemen

    Total calculated
    $174,181
    From this org
    $82,498
    From related orgs
    $52,877
    Other
    $38,806
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $78,191 + $51,184 related
    Bonus
    $4,307 + $1,693 related
    Other
    $0
    Deferred
    $4,125 + $2,644 related
    Nontaxable benefits
    $19,217 + $12,820 related
    Filer's total
    $105,840 + $68,341 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2026
IRS schema version
2024v5.5
Source object
202600549349300740

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