Form 990 for tax year 2024
Filed by AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION.
Totals
- Total revenue
- $1,619,069
- Total expenses
- $2,047,349
- Contributions and grants received
- $1,243,722
- Grants paid
- $1,315,739
- Program service revenue
- $0
- Investment income
- $382,786
- Other revenue
- -$7,439
- Total assets, end of year
- $8,681,017
- Total liabilities, end of year
- $375,040
- Net assets or fund balances, end of year
- $8,305,977
- Program services expenses (Part IX)
- $1,584,814
- Management and general expenses
- $341,866
- Fundraising expenses
- $120,669
- Program service expenses (Part III)
- $1,584,814
Program services were 77.4% 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.
-
1c · Fundraising events
$61,458
-
1d · Related organizations
$449,797
-
1f · All other contributions, gifts and grants
$732,467
-
3 · Investment income
total $212,381 · excluded $212,381
-
7a · Gross sales of assets other than inventory
securities $926,676
-
7b · Less cost or other basis and sales expenses
securities $756,271
-
7c · Gain or loss
securities $170,405
-
7d · Net gain or loss
total $170,405 · excluded $170,405
-
8a · Fundraising events: gross income
$22,484
-
8a · Fundraising events: contributions included on line 1c
$61,458
-
8b · Fundraising events: direct expenses
$29,923
-
8c · Net income from fundraising events
total -$7,439 · excluded -$7,439
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,235,739 · program services $1,235,739
-
3 · Grants to foreign organizations and individuals
total $80,000 · program services $80,000
-
11c · Fees: accounting
total $31,581 · management and general $31,581
-
11f · Fees: investment management
total $15,501 · management and general $15,501
-
11g · Fees: other
total $415,599 · program services $32,332 · management and general $263,943 · fundraising $119,324
-
13 · Office expenses
total $25,133 · program services $6,158 · management and general $17,630 · fundraising $1,345
-
17 · Travel
total $70,467 · program services $59,282 · management and general $11,185
-
19 · Conferences, conventions and meetings
total $173,329 · program services $171,303 · management and general $2,026
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $250,000 · end of year $250,000
-
2 · Savings and temporary cash investments
beginning of year $792,813 · end of year $268,456
-
3 · Pledges and grants receivable
beginning of year $4,000 · end of year $71,872
-
11 · Investments: publicly traded securities
beginning of year $6,747,131 · end of year $7,086,436
-
12 · Investments: other securities
beginning of year $958,799 · end of year $1,004,253
-
15 · Other assets
beginning of year $10,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $93,370 · end of year $3,182
-
18 · Grants payable
beginning of year $218,000 · end of year $181,831
-
21 · Escrow or custodial account liability
beginning of year $174,120 · end of year $184,723
-
25 · Other liabilities
beginning of year $96,960 · end of year $5,304
-
27 · Net assets without donor restrictions
beginning of year $7,208,859 · end of year $7,499,553
-
28 · Net assets with donor restrictions
beginning of year $971,434 · end of year $806,424
Mission and programs · 2024
Mission
TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS.
Activities or mission (Part I)
TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,584,814 · Grants $1,315,739
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Charmone AdamsCHARMONE ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
David Scott ShowalterDAVID SCOTT SHOWALTER
BOARD LIAISON
- Total calculated
- $0
- Hours/week
- 0.3 + 6 related
-
Edward GuttenplanEDWARD GUTTENPLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Frederick NiswanderFREDERICK NISWANDER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
Kristine HullKRISTINE HULL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3 + 0.3 related
-
Laura HorvathLAURA HORVATH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Lisa FortLISA FORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Noel BowersNOEL BOWERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Rebecca FondellREBECCA FONDELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert McKoyROBERT MCKOY
TRUSTEE (OUTGOING)
- Total calculated
- $0
- Hours/week
- 0.3
-
Shakor JukesSHAKOR JUKES
TRUSTEE (OUTGOING)
- Total calculated
- $0
- Hours/week
- 0.3
-
Theresa GoldenTHERESA GOLDEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Walter J BraschWALTER J BRASCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.3
-
Michael DeckerMICHAEL DECKER
SECRETARY
- Total calculated
- $550,509
- From this org
- $0
- From related orgs
- $480,929
- Other
- $69,580
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $424,573 related
- Bonus
- $0 + $32,809 related
- Other
- $0 + $23,547 related
- Deferred
- $0 + $56,424 related
- Nontaxable benefits
- $0 + $20,546 related
- Filer's total
- $0 + $557,899 related
-
Timothy LaspalutoTIMOTHY LASPALUTO
ASSISTANT TREASURER
- Total calculated
- $638,053
- From this org
- $0
- From related orgs
- $584,985
- Other
- $53,068
- Hours/week
- 0.3 + 40.3 related
Schedule J breakdown matched by us
- Base
- $0 + $450,860 related
- Bonus
- $0 + $113,051 related
- Other
- $0 + $21,074 related
- Deferred
- $0 + $41,112 related
- Nontaxable benefits
- $0 + $18,833 related
- Filer's total
- $0 + $644,930 related
-
Joanne FioreJOANNE FIORE
FORMER SECRETARY
- Total calculated
- $433,139
- From this org
- $0
- From related orgs
- $381,263
- Other
- $51,876
- Hours/week
- 0.3 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $314,238 related
- Bonus
- $0 + $44,525 related
- Other
- $0 + $22,500 related
- Deferred
- $0 + $36,512 related
- Nontaxable benefits
- $0 + $22,653 related
- Filer's total
- $0 + $440,428 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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.
-
ACCOUNTING RESEARCH ASSOCIATION
501(C)(6) · DEVELOP AND ESTABLISH FINANCIAL GOVERNMENT ACCOUNTING REPORTING STANDARDS · DC
Directly controlled by AICPA
-
501(C)(6) · MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION · DC
-
501(C)(3) · PROVIDE FINANCIAL ASSISTANCE TO NEEDY MEMBERS OF AICPA · NY
Directly controlled by AICPA
-
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PAC
527 · CONTRIBUTES TO CANDIDATES FOR FEDERAL ELECTIVE OFFICE · DC
Directly controlled by AICPA
-
INSTITUTE FOR ACCOUNTING PROFESSIONALS IN THE AMERICAS
ADVANCES THE ACCOUNTING PROFESSION · CA
Directly controlled by AICPA
-
ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS
501(C)(6) · MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION · DC
Directly controlled by AICPA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CPACOM
C · BRINGS INNOVATIVE PARTNER SOLUTIONS TO THE ACCOUNTING PROFESSION · DE
-
MAPAGLOBAL (MALAYSIA) SDN BHD
C · GLOBAL BUSINESS SERVICES · MY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502839349301240
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