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← AICPA BENEVOLENT FUND INC

Form 990 for tax year 2023

Filed by AICPA BENEVOLENT FUND INC.

Totals

Total revenue
$447,652
Total expenses
$322,196
Contributions and grants received
$185,374
Grants paid
$156,300
Program service revenue
$0
Investment income
$262,278
Other revenue
$0
Total assets, end of year
$12,586,185
Total liabilities, end of year
$17,831
Net assets or fund balances, end of year
$12,568,354
Program services expenses (Part IX)
$156,300
Management and general expenses
$165,896
Fundraising expenses
$0
Program service expenses (Part III)
$156,300

Program services were 48.5% 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

    $185,374

  • 3 · Investment income

    total $258,927 · excluded $258,927

  • 7a · Gross sales of assets other than inventory

    securities $1,265,133

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

    securities $1,261,782

  • 7c · Gain or loss

    securities $3,351

  • 7d · Net gain or loss

    total $3,351 · excluded $3,351

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $156,300 · program services $156,300

  • 11c · Fees: accounting

    total $23,708 · management and general $23,708

  • 11f · Fees: investment management

    total $21,146 · management and general $21,146

  • 11g · Fees: other

    total $101,464 · management and general $101,464

  • 12 · Advertising and promotion

    total $6,625 · management and general $6,625

  • 13 · Office expenses

    total $3,727 · management and general $3,727

  • 17 · Travel

    total $3,812 · management and general $3,812

  • 24e · All other expenses

    total $5,414 · management and general $5,414

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $191,199 · end of year $475,654

  • 7 · Other notes and loans receivable

    beginning of year $201,150 · end of year $201,151

  • 11 · Investments: publicly traded securities

    beginning of year $9,428,782 · end of year $10,427,573

  • 12 · Investments: other securities

    beginning of year $1,165,995 · end of year $1,481,807

  • 15 · Other assets

    beginning of year $3,573 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,755 · end of year $10,340

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,491

  • 27 · Net assets without donor restrictions

    beginning of year $10,964,944 · end of year $12,568,354

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS THAT ARE IN NEED AND THEIR FAMILIES.

Activities or mission (Part I)

THE AIPCA BENEVOLENT FUND PROVIDES FINANCIAL ASSISTANCE TO MEMBERS AND THEIR FAMILIES.

  • THE FUND PROVIDES ASSISTANCE WITH MEETING DAILY SUBSISTENCE EXPENSES, AND MEDICAL AND PRESCRIPTION EXPENSES THAT EXCEED INSURANCE COVERAGE BROUGHT ABOUT BY SERIOUS ILLNESS, AN ACCIDENT, OR THE DEATH OF THE PRIMARY SOURCE OF FAMILY INCOME. DURING CALENDAR YEAR 2023, 10 INDIVIDUALS RECEIVED ASSISTANCE.

    Expenses $156,300 · Grants $156,300 · Revenue $4,482

As filed on the 2023 return.

Listed in Part VII

  • ALEXANDRIA ROMERO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • AMANDA HORVATH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • ANDREW MINTZER

    BOARD LIAISON

    Total calculated
    $0
    Hours/week
    0.3

  • BETH A REHO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • BRIDGET KAIGLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • CHARLOTT JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • JOSHUA RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • KRISTINE HULL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • RONALD A GITZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • TIMOTHY J LASPALUTO

    TREASURER

    Total calculated
    $493,391
    From this org
    $0
    From related orgs
    $438,473
    Other
    $54,918
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,670 related
    Bonus
    $0 + $43,872 related
    Other
    $0 + $22,931 related
    Deferred
    $0 + $42,974 related
    Nontaxable benefits
    $0 + $18,821 related
    Filer's total
    $0 + $500,268 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 INC

    501(C)(6) · PROMOTE THE PROGRESS AND THE OTHER ASPECTS OF PROFESSIONAL ACCOUNTANCY · DC

    Directly controlled by AICPA

  • AICPA

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

  • AICPA FOUNDATION

    501(C)(3) · ADVANCES ACCOUNTING PROFESSION AND EDUCATION DIVERSITY · DC

    Directly controlled by AICPA

  • AICPA POLITICAL ACTION COMMITTEE

    527 · CONTRIBUTES TO CANDIDATES FOR FEDERAL ELECTIVE OFFICE · DC

    Directly controlled by AICPA

  • INSTITUTE FOR ACCOUNTING PROFESSIONALS IN THE AMERICAS

    SAME AS AICPA · CA

    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 SOLUTIONS TO THE ACCOUNTING PROFESSION · DE

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.1
Source object
202401929349300125

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