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Nonprofiteer
← AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION

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 Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • David Scott Showalter

    BOARD LIAISON

    Total calculated
    $0
    Hours/week
    0.3 + 6 related
  • Edward Guttenplan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Frederick Niswander

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • Kristine Hull

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related
  • Laura Horvath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Lisa Fort

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Noel Bowers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Rebecca Fondell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Robert McKoy

    TRUSTEE (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.3
  • Shakor Jukes

    TRUSTEE (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.3
  • Theresa Golden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Walter J Brasch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3
  • Michael 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 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 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

  • AICPA

    501(C)(6) · MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION · DC

  • AICPA BENEVOLENT FUND

    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

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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