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← ACCOUNTING EDUCATION FOUNDATION OF THE TEXAS SOCIETY OF CPAS INC

Form 990 for tax year 2023

Filed by ACCOUNTING EDUCATION FOUNDATION OF THE TEXAS SOCIETY OF CPAS INC.

Totals

Total revenue
$2,727,857
Total expenses
$2,695,441
Contributions and grants received
$123,470
Grants paid
$164,000
Program service revenue
$2,401,267
Investment income
$191,758
Other revenue
$11,362
Total assets, end of year
$7,958,179
Total liabilities, end of year
$541,838
Net assets or fund balances, end of year
$7,416,341
Program services expenses (Part IX)
$2,442,683
Management and general expenses
$252,758
Fundraising expenses
$0
Program service expenses (Part III)
$2,442,683

Program services were 90.6% 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

    $3,798

  • 1f · All other contributions, gifts and grants

    $119,672

  • 2a · Program service revenue: EDUCATIONAL PROGRAM REV.

    total $2,288,556 · related or exempt $2,288,556

  • 2b · Program service revenue: SPONSORSHIP REVENUE

    total $112,711 · related or exempt $112,711

  • 3 · Investment income

    total $168,405 · excluded $168,405

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $211,206

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

    securities $187,853

  • 7c · Gain or loss

    securities $23,353

  • 7d · Net gain or loss

    total $23,353 · excluded $23,353

  • 8a · Fundraising events: gross income

    $9,852

  • 8a · Fundraising events: contributions included on line 1c

    $3,798

  • 8b · Fundraising events: direct expenses

    $12,454

  • 8c · Net income from fundraising events

    total -$2,602 · excluded -$2,602

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: other income

    total $13,964 · related or exempt $13,964

  • 11e · Other revenue, total

    $13,964

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $37,000 · program services $37,000

  • 2 · Grants to domestic individuals

    total $127,000 · program services $127,000

  • 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 $531,011 · program services $424,809 · management and general $106,202

  • 8 · Pension plan contributions

    total $21,691 · program services $17,353 · management and general $4,338

  • 9 · Other employee benefits

    total $78,365 · program services $62,692 · management and general $15,673

  • 10 · Payroll taxes

    total $39,392 · program services $31,514 · management and general $7,878

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,600 · program services $1,280 · management and general $320

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $33,566 · program services $26,853 · management and general $6,713

  • 12 · Advertising and promotion

    total $7,846 · program services $7,846

  • 13 · Office expenses

    total $3,564 · program services $2,851 · management and general $713

  • 14 · Information technology

    total $3,499 · program services $2,799 · management and general $700

  • 15 · Royalties

    total $161,228 · program services $161,228

  • 16 · Occupancy

    total $190,775 · program services $190,775

  • 17 · Travel

    total $27,147 · program services $21,718 · management and general $5,429

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $405,669 · program services $405,669

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: indirect overhead allocated

    total $400,000 · program services $320,000 · management and general $80,000

  • 24b · Other expenses: instructor expenses

    total $363,057 · program services $363,057

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $69,915 · program services $55,932 · management and general $13,983

  • 24d · Other expenses: PASSPORT EXPENSES

    total $65,238 · program services $65,238

  • 24e · All other expenses

    total $127,878 · program services $117,069 · management and general $10,809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $543,237 · end of year $277,785

  • 2 · Savings and temporary cash investments

    beginning of year $651,102 · end of year $865,750

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $33,355 · end of year $179,100

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,150 · end of year $73,460

  • 10a · Land, buildings and equipment: cost or other basis

    $267,747

  • 10b · Land, buildings and equipment: accumulated depreciation

    $267,747

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,651,601 · end of year $6,452,429

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $275,104 · end of year $109,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $182,938 · end of year $107,947

  • 19 · Deferred revenue

    beginning of year $406,877 · end of year $433,891

  • 27 · Net assets without donor restrictions

    beginning of year $6,277,786 · end of year $6,924,801

  • 28 · Net assets with donor restrictions

    beginning of year $371,948 · end of year $491,540

Mission and programs · 2023

Mission

PROVIDE EDUCATIONAL PROGRAMS AND ACTIVITIES ON ACCOUNTING AND RELATED SUBJECTS FOR CPAS AND FINANCE PROFESSIONALS. PROVIDE FINANCIAL ASSISTANCE TO ACCOUNTING STUDENTS AND TO ADVANCE THE ACCOUNTING PROFESSION.

  • CONTINUING PROFESSIONAL EDUCATIONAL COURSES IN ACCOUNTING, FINANCE, BUSINESS LAW, TAXATION, AND MISCELLANEOUS OTHER SUBJECTS.

    Expenses $2,278,683 · Revenue $2,401,267

  • ACCOUNTING SCHOLARSHIPS: REWARD TEXAS' OUTSTANDING ACCOUNTING STUDENTS, BASED ON ACADEMIC ACHIEVEMENT. COLLEGE FACULTY SELECT CANDIDATES FOR CONSIDERATION. ADVANCE THE ACCOUNTING PROFESSION THROUGH STUDENT PROGRAM INITIATIVES.

    Expenses $164,000 · Grants $164,000

As filed on the 2023 return.

Listed in Part VII

  • Jodi Ann Ray

    PRES/CEO/ED

    Total calculated
    $497,026
    From this org
    $0
    From related orgs
    $442,840
    Other
    $54,186
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $391,598 related
    Bonus
    not reported + $50,000 related
    Other
    not reported + $1,242 related
    Deferred
    not reported + $33,781 related
    Nontaxable benefits
    not reported + $20,405 related
    Filer's total
    not reported + $497,026 related

  • Edith C Cogdell-Thru 72024

    CFO

    Total calculated
    $236,823
    From this org
    $0
    From related orgs
    $202,862
    Other
    $33,961
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $197,040 related
    Bonus
    not reported + $3,500 related
    Other
    not reported + $2,322 related
    Deferred
    not reported + $16,882 related
    Nontaxable benefits
    not reported + $17,079 related
    Filer's total
    not reported + $236,823 related

  • Melinda H Bentley

    COO

    Total calculated
    $215,830
    From this org
    $0
    From related orgs
    $182,042
    Other
    $33,788
    Hours/week
    7.5 + 30 related

    Schedule J breakdown matched by us

    Base
    not reported + $170,800 related
    Bonus
    not reported + $10,000 related
    Other
    not reported + $1,242 related
    Deferred
    not reported + $18,236 related
    Nontaxable benefits
    not reported + $15,552 related
    Filer's total
    not reported + $215,830 related

  • Kenneth Besserman

    DIR-GOV AFFAIRS

    Total calculated
    $194,404
    From this org
    $0
    From related orgs
    $163,868
    Other
    $30,536
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,578 related
    Bonus
    not reported + $6,000 related
    Other
    not reported + $1,290 related
    Deferred
    not reported + $15,638 related
    Nontaxable benefits
    not reported + $14,898 related
    Filer's total
    not reported + $194,404 related

  • Dipesh Patel

    TECHNICAL REVIEWER

    Total calculated
    $168,031
    From this org
    $0
    From related orgs
    $141,165
    Other
    $26,866
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $138,605 related
    Bonus
    not reported + $2,500 related
    Other
    not reported + $60 related
    Deferred
    not reported + $13,451 related
    Nontaxable benefits
    not reported + $13,415 related
    Filer's total
    not reported + $168,031 related

  • Diane C Joiner

    CHAPTER ED-AUSTIN

    Total calculated
    $157,517
    From this org
    $0
    From related orgs
    $128,876
    Other
    $28,641
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $127,114 related
    Bonus
    not reported + $1,000 related
    Other
    not reported + $762 related
    Deferred
    not reported + $13,022 related
    Nontaxable benefits
    not reported + $15,619 related
    Filer's total
    not reported + $157,517 related

  • Barry Kaplan

    DIRECTOR-PEER REVIEW

    Total calculated
    $153,416
    From this org
    $0
    From related orgs
    $138,076
    Other
    $15,340
    Hours/week
    0 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $137,076 related
    Bonus
    not reported + $1,000 related
    Other
    not reported
    Deferred
    not reported + $123 related
    Nontaxable benefits
    not reported + $15,217 related
    Filer's total
    not reported + $153,416 related

  • Stephanie King

    ACCOUNTING MANAGER

    Total calculated
    $132,800
    From this org
    $0
    From related orgs
    $106,010
    Other
    $26,790
    Hours/week
    7.5 + 30 related

  • Michael L Brown

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Celina Cereceres

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Marshall K Pitman

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Lucas Lachance

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Mark D Lee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Gary D McIntosh

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Tracie L Miller

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Blake R Rodgers

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kathryn C Sharp

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Walter R Stock

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Tram P Le

    DIR/COORD. OFF

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jacob Briggs-From 92024

    CFO

    Total calculated
    $0
    Hours/week
    10 + 27.5 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

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

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

  • UT PERMIAN BASIN

    $26,000

    ACCOUNTING SCHOLARSHIPS

  • AICPA FOUNDATION

    $10,000

    MINORITY SCHOLARSHIPS

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.

  • TEXAS SOCIETY OF CPAS

    501(C)(6) · PROMOTION OF THE ACCOUNTING PROFESSION · TX

    Directly controlled by NO

  • TXCPA POLITICAL ACTION COMMITTEE

    527 · TO ADVOCATE FOR THE PROFESSION · TX

    Directly controlled by NO

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.

  • TXCPA INSURANCE TRUST

    T · PROVIDING INSURANCE TO TXCPA MEMBERS · TX

    Directly controlled by NO

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202541059349302649

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