Form 990 for tax year 2022

Totals

Total revenue

$1,200,256

Total expenses

$2,496,320

Contributions and grants received

$831,400

Grants paid

$1,668,375

Program service revenue

$0

Investment income

$368,856

Other revenue

$0

Total assets, end of year

$8,850,047

Total liabilities, end of year

$691,913

Net assets or fund balances, end of year

$8,158,134

Program services expenses (Part IX)

$2,205,652

Management and general expenses

$180,941

Fundraising expenses

$109,727

Program service expenses (Part III)

$2,205,652

Program services were 88.4% 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.

Mission and programs · 2022

• ACCOUNTING EDUCATION AND RESEARCH: THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING PHD STUDENTS TO HELP ADDRESS THE SHORTAGE OF PHD ACCOUNTING FACULTY AT COLLEGES AND UNIVERSITIES. MORE THAN 100 ADS PROGRAM SCHOLARS ENROLLED IN ACCOUNTING DOCTORAL PROGRAMS ACROSS THE UNITED STATES.THE AICPA FOUNDATION TWO-YEAR TRANSFER SCHOLARSHIP WAS ESTABLISHED IN 2013. THIS AWARD PROVIDES FINANCIAL ASSISTANCE TO STUDENTS AT TWO-YEAR COLLEGES STUDYING BUSINESS, ACCOUNTING, FINANCE OR ECONOMICS WITH A DECLARED INTENT TO MAJOR IN ACCOUNTING AT A FOUR-YEAR COLLEGE OR UNIVERSITY. RECIPIENTS OF THE JOHN L. CAREY SCHOLARSHIP PROGRAM ARE GIVEN FINANCIAL ASSISTANCE FOR THE PURSUIT OF GRADUATE ACCOUNTING STUDY. THE ACCOUNTING PROGRAM FOR BUILDING THE PROFESSION IS AN EFFORT TO TRAIN HIGH SCHOOL EDUCATORS TO TEACH ADVANCED ACCOUNTING COURSES, WITH A LONG TERM GOAL OF ACHIEVING THE COLLEGE BOARD'S APPROVAL OF A HIGH SCHOOL CURRICULUM AND EXAMINATION THAT IS ACCREDITED FOR ADVANCED PLACEMENT.

  Expenses $1,005,044 · Grants $772,679

• THE AICPA MINORITY ACCOUNTING SCHOLARSHIPS PROVIDE FINANCIAL AWARDS TO OUTSTANDING MINORITY STUDENTS SHOWING SIGNIFICANT POTENTIAL TO BECOME CPAS. THE FOUNDATION'S MINORITY DOCTORAL FELLOWSHIP PROGRAM ENSURES THAT CPAS OF DIVERSE BACKGROUNDS ARE VISIBLE IN COLLEGE AND UNIVERSITY CLASSROOMS AND SERVE AS ROLE MODELS AND MENTORS TO YOUNG PEOPLE WHO ARE PLANNING THEIR EDUCATION AND CAREERS.

  Expenses $1,200,608 · Grants $895,696

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• NABA INC

  $50,000

  SUPPORT OF ACCOUNTING DEVELOPMENT

• NORTH CAROLINA A&T STATE UNIVERSITY

  $50,000

  SUPPORT OF ACCOUNTING DEVELOPMENT

• NATIONAL SOCIETY OF BLACK CERTIFIED PUBLIC ACCOUNTANTS INC

  $50,000

  SPONSORSHIP

• HOWARD UNIVERSITY - CENTER FOR ACCOUNTING EDUCATION

  $10,000

  SUPPORT OF ACCOUNTING DEVELOPMENT

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 · controlled entity

  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 · controlled entity

  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 · controlled entity

  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.

Provenance

Return type

form_990

Tax year

2022

Filed

13 October 2023

IRS schema version

2022v5.0

Source object

202322879349300422

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