Form 990 for tax year 2022
Filed by MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCNTS EDUC FNDTN INC.
Totals
- Total revenue
- $131,269
- Total expenses
- $110,665
- Contributions and grants received
- $86,145
- Grants paid
- $53,565
- Program service revenue
- $0
- Investment income
- $19,363
- Other revenue
- $25,761
- Total assets, end of year
- $688,305
- Total liabilities, end of year
- $3,549
- Net assets or fund balances, end of year
- $684,756
- Program services expenses (Part IX)
- $98,566
- Management and general expenses
- $12,099
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $98,566
Program services were 89.1% 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
$86,145
-
3 · Investment income
total $8,130 · excluded $8,130
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $11,233
-
7c · Gain or loss
securities $11,233
-
7d · Net gain or loss
total $11,233 · excluded $11,233
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: FURTHERING THE PROFESSION EVENTS
total $25,720 · related or exempt $25,720
-
11b · Other revenue: OTHER INCOME
total $41 · related or exempt $41
-
11e · Other revenue, total
$25,761
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,065 · program services $3,065
-
2 · Grants to domestic individuals
total $50,500 · program services $50,500
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,410 · management and general $3,410
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $7,525 · management and general $7,525
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $63 · management and general $63
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: EDUCATION EVENTS
total $38,604 · program services $38,604 · fundraising $0
-
24b · Other expenses: CREDIT CARD FEES
total $1,101 · management and general $1,101
-
24c · Other expenses: DUES
total $1,000 · program services $1,000
-
24d · Other expenses: BRANDED GIVEAWAY ITEMS
total $5,397 · program services $5,397
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $114,892 · end of year $117,334
-
2 · Savings and temporary cash investments
beginning of year $49,192 · end of year $61,031
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $13,595 · end of year $7,936
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $11,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $453,123 · end of year $491,004
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,531 · end of year $3,549
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $587,254 · end of year $640,451
-
28 · Net assets with donor restrictions
beginning of year $39,017 · end of year $44,305
Mission and programs · 2022
Mission
THE MACPA EDUCATIONAL FOUNDATION'S PURPOSE IS TO ENCOURAGE STUDENTS TO PURSUE CAREERS AS CERTIFIED PUBLIC ACCOUNTANTS AND TO CARRY ON CERTAIN CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, INC (MACPA). THE FOUNDATION ALSO INCLUDES A CPA PIPELINE AND DIVERSITY AND INCLUSION INITIATIVES.
Activities or mission (Part I)
The MACPA Educational Foundation's purpose is to encourage students to pursue careers as Certified Public Accountants and to carry on certain charitable and educational
-
THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING STUDENTS. 5 SCHOLARSHIPS WERE GIVEN BASED ON NEED, MERIT, AND THE DESIRE TO PURSUE A CAREER AS A CERTIFIED PUBLIC ACCOUNTANT AS WELL AS VARIOUS PIPELINE, DIVERSITY, AND INCLUSION INITIATIVES.
Expenses $59,962 · Grants $53,565
-
THE FOUNDATION ENGAGED IN A SERIES OF NEW EDUCATIONAL EVENTS AND OUTREACH PROGRAMS DURING THE 2022 FISCAL YEAR END, INCLUDING RECOGNITION EVENTS OF NEW CPAS AS WELL AS CELEBRATING THE ACHIEVEMENTS OF CURRENT PROFESSIONALS.
Expenses $38,604
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jacqueline Brown
Former CEO
- Total calculated
- $230,554
- From this org
- $0
- From related orgs
- $210,734
- Other
- $19,820
- Hours/week
- 0.2 + 15 related
Schedule J breakdown matched by us
- Base
- not reported + $210,734 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $17,636 related
- Nontaxable benefits
- not reported + $2,184 related
- Filer's total
- not reported + $230,554 related
-
Rebekah Brown
CHIEF Executive OFFICER
- Total calculated
- $169,857
- From this org
- $0
- From related orgs
- $155,238
- Other
- $14,619
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $150,238 related
- Bonus
- not reported + $5,000 related
- Other
- not reported
- Deferred
- not reported + $7,014 related
- Nontaxable benefits
- not reported + $7,605 related
- Filer's total
- not reported + $169,857 related
-
Francis Falatko
Former CFO (Thru Oct. 2022)
- Total calculated
- $155,586
- From this org
- $0
- From related orgs
- $144,229
- Other
- $11,357
- Hours/week
- 5 + 20 related
Schedule J breakdown matched by us
- Base
- not reported + $139,229 related
- Bonus
- not reported + $5,000 related
- Other
- not reported
- Deferred
- not reported + $10,302 related
- Nontaxable benefits
- not reported + $1,055 related
- Filer's total
- not reported + $155,586 related
-
Laura Swann
CFO
- Total calculated
- $114,438
- From this org
- $0
- From related orgs
- $104,991
- Other
- $9,447
- Hours/week
- 5 + 40 related
-
Kimberly N Ellison-Taylor
Chair
- Total calculated
- $0
- Hours/week
- 0.2
-
Samantha Bowling
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Avonette blanding
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Patrick M Byer Sr
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Susan Chutka
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Herb Geary III
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jessica E McClain
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Anoop N Mehta
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Nicholas Tatum
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Satina V Williams
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
George Willie
Director
- Total calculated
- $0
- Hours/week
- 0.2
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
None.
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
The filer's explanations (Part III)
- Part I line 3 explanation
- Methods used by a related organization to establish compensation for the CEO/Executive Director: THE EXECUTIVE DIRECTOR HAS AN EMPLOYMENT CONTRACT THAT IS DEVELOPED BY A FOUR-PERSON COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS THE WORK OF THE EXECUTIVE DIRECTOR ANNUALLY, AND WHEN A NEW CONTRACT IS DEVELOPED, THE COMMITTEE USES SIMILAR ENTITIES' FORM 990S AND ASAE'S COMPENSATION STUDY TO DEVELOP THE PROPER CONTRACT AND COMPENSATION. THE EXECUTIVE DIRECTOR, ALONG WITH THE COMPENSATION COMMITTEE DETERMINE THE SALARY OF THE CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATING OFFICER. SIMILAR ENTITIES' COMPENSATION AND ASAE'S STUDIES ARE ALSO USED IN THE DETERMINATION OF THEIR SALARIES.
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.
-
Maryland Association of Certified Public
501(C)(6) · To provide ed · MD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410939349300326
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.