Form 990 for tax year 2024

Totals

Total revenue

$9,338,356

Total expenses

$10,031,612

Contributions and grants received

$7,536,788

Grants paid

$1,341,559

Program service revenue

$722,265

Investment income

$881,847

Other revenue

$197,456

Total assets, end of year

$23,493,671

Total liabilities, end of year

$13,176,889

Net assets or fund balances, end of year

$10,316,782

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

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 · 2024

• MEMBERSHIPTHE MEMBERSHIP DEPARTMENT HOSTED A VARIETY OF PROGRAMS AND EVENTS THROUGHOUT THE YEAR DESIGNED TO STRENGTHEN MEMBER ENGAGEMENT, SUPPORT PROFESSIONAL DEVELOPMENT, AND FOSTER LEADERSHIP WITHIN THE PROFESSION.THE LEADERSHIP CONFERENCE AT SCHROON LAKE BROUGHT TOGETHER SOCIETY LEADERSHIP AND MEMBERS SERVING IN VOLUNTEER LEADERSHIP ROLES TO PARTICIPATE IN PROGRAMMING FOCUSED ON LEADERSHIP DEVELOPMENT, VOLUNTEER ENGAGEMENT, STRATEGIC COLLABORATION, AND PEER NETWORKING. TO MARK THE OPENING OF NYCPA'S NEW HEADQUARTERS, THE SOCIETY HOSTED AN OPEN HOUSE EVENT THAT WELCOMED ALL MEMBERS, PAST NYCPA PRESIDENTS, STAFF, AND GOVERNMENT OFFICIALS WHO HAVE COLLABORATED WITH THE ORGANIZATION ON KEY INITIATIVES. THE EVENT PROVIDED AN OPPORTUNITY TO CELEBRATE THE SOCIETY'S CONTINUED GROWTH WHILE RECONNECTING WITH LONG-STANDING PARTNERS AND SUPPORTERS. THE SOCIETY ALSO HOSTED MEMBER APPRECIATION WEEK, RECOGNIZING MEMBERS FOLLOWING THE BUSY SEASON WITH A SERIES OF PROFESSIONAL AND SOCIAL ENGAGEMENT OPPORTUNITIES. PROGRAMMING INCLUDED AN IN-PERSON PELOTON CLASS, AN EARLY SCREENING OF THE ACCOUNTANT 2, NETWORKING HAPPY HOURS IN MANHATTAN AND SYRACUSE, AND ADDITIONAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES OFFERED THROUGHOUT THE WEEK. NYCPA ALSO HOSTED A COMMUNITY NETWORKING NIGHT DESIGNED TO INTRODUCE MEMBERS AND NON-MEMBERS TO THE SOCIETY'S VARIOUS PROFESSIONAL COMMUNITIES AND COMMITTEE LEADERSHIP. TO SUPPORT THE PROFESSION'S TALENT PIPELINE AND EXPAND AWARENESS OF THE SOCIETY, NYCPA STAFF AND MEMBERS PARTICIPATED IN MORE THAN 20 COLLEGE FAIRS, CAREER FAIRS, CAMPUS VISITS, AND CONFERENCES THROUGHOUT THE YEAR. ADDITIONALLY, THE SOCIETY PARTNERED WITH TOASTMASTERS TO PROVIDE MEMBERS WITH STRUCTURED PROGRAMMING FOCUSED ON STRENGTHENING PUBLIC SPEAKING, LEADERSHIP, AND COMMUNICATION SKILLS.NYCPA COMMITTEES PROVIDE A FORUM FOR HIGH-LEVEL TECHNICAL DISCUSSION AND PROFESSIONAL RESOURCES, SKILL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR THE MEMBERSHIP AS WELL AS FOR EXTERNAL AUDIENCES. THESE APPROXIMATELY 60 COMMITTEES MET, COLLECTIVELY, MORE THAN 400 TIMES IN THE 2024-2025 FISCAL YEAR AND PRODUCED 16 FULL-DAY CONFERENCES AS PART OF THEIR ANNUAL ACTIVITIES. THROUGH THE WORK OF ITS COMMITTEES, NYCPA PRODUCED 19 COMMENT LETTERS DURING THE 2024-2025 FISCAL YEAR THAT WERE SENT TO REGULATORS SUCH AS THE FEDERAL RESERVE, THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) FOUNDATION, THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB), THE AMERICAN INSTITUTE OF CPAS (AICPA), NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA), THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS BOARD (IPSASB), AND THE INTERNAL REVENUE SERVICE (IRS).

• NYCPA CHAPTERSNYCPA STRENGTHENED MEMBER ENGAGEMENT AND CHAPTER LEADERSHIP ACROSS THE STATE THROUGH A SERIES OF COORDINATED INITIATIVES DESIGNED TO SUPPORT RECRUITMENT, RETENTION, AND PROFESSIONAL DEVELOPMENT. THE SOCIETY HOSTED ANNUAL CHAPTER LEADERSHIP MEETINGS, WHERE THE CEO AND SOCIETY STAFF MET WITH CHAPTER OFFICERS TO SHARE ORGANIZATIONAL UPDATES, DISCUSS STRATEGIC PRIORITIES, AND GATHER FEEDBACK FROM MEMBERS ACROSS NEW YORK STATE.AS PART OF THIS EFFORT, NYCPA ALSO HOSTED A SPECIAL TWO-DAY LEADERSHIP MEETING FOCUSED ON DEVELOPING THE NEXT GENERATION OF SOCIETY LEADERS, BRINGING TOGETHER EMERGING PROFESSIONALS AND CHAPTER LEADERS TO PREPARE THEM FOR FUTURE LEADERSHIP ROLES WITHIN NYCPA.TO ENSURE ONGOING COLLABORATION AND SUPPORT, MONTHLY MEETINGS ARE HELD WITH CHAPTER LEADERSHIP TO DISCUSS CHAPTER OPERATIONS, MEMBERSHIP RECRUITMENT, ENGAGEMENT STRATEGIES, AND RETENTION EFFORTS. THESE MEETINGS PROVIDE CHAPTER LEADERS WITH RESOURCES, GUIDANCE, AND A FORUM TO SHARE BEST PRACTICES.NYCPA ALSO HOSTED MEMBER APPRECIATION WEEK, WHICH PROVIDED CHAPTERS WITH OPPORTUNITIES TO ENGAGE MEMBERS LOCALLY THROUGH NETWORKING EVENTS, EDUCATIONAL PROGRAMMING, AND PROFESSIONAL DEVELOPMENT ACTIVITIES AIMED AT STRENGTHENING MEMBER CONNECTION TO THE SOCIETY.IN ADDITION, NYCPA WORKED DIRECTLY WITH CHAPTERS TO OFFER SPECIAL DISCOUNTS TO ENGAGED NEXTGEN MEMBERS INTERESTED IN ATTENDING THE NYCPA NEXTGEN LEADERS INSTITUTE, HELPING TO ENCOURAGE PARTICIPATION FROM EMERGING PROFESSIONALS AND STRENGTHEN THE PIPELINE OF FUTURE LEADERS WITHIN THE ORGANIZATION.ADDITIONALLY, NYCPA FACILITATED TOWN HALLS, PROFESSIONAL ISSUES UPDATES (PIUS), AND CPA ETHICS UPDATE PROGRAMS TO KEEP MEMBERS INFORMED ABOUT INDUSTRY DEVELOPMENTS, REGULATORY CHANGES, AND EMERGING ISSUES AFFECTING THE ACCOUNTING PROFESSION. THESE INITIATIVES HELP ENSURE MEMBERS REMAIN INFORMED, CONNECTED, AND SUPPORTED THROUGHOUT THEIR CAREERS.

• THE CPA JOURNALTHE CPA JOURNAL, THE VOICE OF THE PROFESSION, IS NYCPA'S FLAGSHIP PUBLICATION. IT IS PUBLISHED BIMONTHLY, AND TECHNICAL ARTICLES GO THROUGH A DOUBLE-BLIND PEER REVIEW PROCESS. THE CPA JOURNAL PROVIDES INSIGHT AND ANALYSIS ON A WIDE ARRAY OF TOPICS RELEVANT TO CPAS AND OTHER ACCOUNTING AND FINANCE PROFESSIONALS. THIS YEAR MARKED THE 95TH YEAR OF CONTINUOUS PUBLICATION. OVER THE PAST YEAR, THE JOURNAL HAS COVERED HOW THE GOVERNMENT TRANSITION HAS IMPACTED FEDERAL REGULATION AND ENFORCEMENT, AS WELL AS HOW CHANGING STATE LICENSURE REQUIREMENTS AND EVOLVING EDUCATIONAL MODELS HAVE AFFECTED THE PIPELINE TO THE PROFESSION. OUR ANNUAL EDUCATION ISSUE AGAIN FEATURED AUTHORS DEBATING WHETHER THE 150-HOUR REQUIREMENT HAS BECOME A BARRIER TO ENTRY, HOW THE PIPELINE TO THE PROFESSION COULD BE EXPANDED, AND WHETHER ACHIEVING THE STEM DESIGNATION COULD BOOST INTEREST IN ACCOUNTING. WHILE THE DISCUSSION CONTINUED IN THE PAGES OF THE JOURNAL, REAL CHANGE HAPPENED IN STATE LEGISLATURES ACROSS THE COUNTRY INCLUDING NEW YORK, WHICH ULTIMATELY ENACTED ALTERNATIVE PATHWAY LEGISLATION IN NOVEMBER 2025 (IN NO SMALL PART DUE TO THE NYCPA'S ADVOCACY EFFORTS). EMERGING TECHNOLOGIES CONTINUE TO SHAPE THE BUSINESS ENVIRONMENT AND PRACTICE OF ACCOUNTING: SEC DISCLOSURE REQUIREMENTS AND PROFESSIONAL GUIDANCE REGARDING THE ACCOUNTING FOR AND AUDITING OF CYBER ASSETS (SUCH AS CRYPTOCURRENCIES AND NONFUNGIBLE TOKENS) WERE THE SUBJECT OF SEVERAL ARTICLES IN THE PAST YEAR. THE USE OF ARTIFICIAL INTELLIGENCE (AI) IN DATA ANALYTICS, FINANCIAL REPORTING, AND ANALYSIS NOT TO MENTION CUSTOMER SERVICE, MARKETING, AND TRAINING WERE TACKLED BY SEVERAL JOURNAL AUTHORS. CPA FIRMS ARE PERENNIALLY LOOKING FOR NEW WAYS TO ATTRACT AND RETAIN TALENT, AND THE JOURNAL SPOTLIGHTED ALTERNATIVE APPROACHES TO THESE CHALLENGES, SUCH AS RECRUITING FROM TRADITIONALLY UNDERREPRESENTED GROUPS AND RECRUITING INTERNATIONAL CANDIDATES. A FEW AUTHORS ALSO PUT FORTH THE IDEA OF IMPLEMENTING VALUE PRICING OR PAYING OVERTIME TO STAFF AS MEANS OF PROMOTING SERVICES TO CLIENTS AND REDUCING STAFF TURNOVER. OTHER FEATURED ARTICLES THROUGHOUT THE YEAR COVERED CURRENT TOPICS IN MANAGEMENT ACCOUNTING, NOT-FOR-PROFIT MANAGEMENT, INTERNAL CONTROLS, AND ESG ENGAGEMENTS. IN THE MAY/JUNE 2025 ISSUE, THE JOURNAL INTRODUCED A NEW COLUMN, CORPORATE GOVERNANCE CORNER, AUTHORED BY A GROUP OF EXPERTS IN THE FIELD. IT ALSO CONTINUED TO INCLUDE REGULAR COLUMNS COVERING TAX PRACTICE, RETIREMENT PLANNING, SUSTAINABILITY, CYBERSECURITY, AND OTHER TOPICS, AS WELL AS OCCASIONAL OPINION ARTICLES AND PERSONAL VIEWPOINTS. IN ADDITION TO THE PRINT EDITION DELIVERED TO MEMBERS AND SUBSCRIBERS, THE CPA JOURNAL IS AVAILABLE ONLINE AT CPAJOURNAL.COM. WITH NEW ARTICLES POSTED EVERY WEEKDAY, THE WEBSITE DREW MORE THAN 1.1 MILLION VISITORS OVER THE COURSE OF THE FISCAL YEAR AND NEARLY 100,000 VIEWS PER MONTH, MAKING IT A LEADING DESTINATION FOR ACCOUNTING PROFESSIONALS, FINANCIAL LEADERS, ACADEMIC RESEARCHERS, AND STUDENTS AROUND THE GLOBE.

As filed on the 2024 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

• FOUNDATION FOR ACCOUNTING EDUCATION INC

  $1,341,559

  AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.

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.

• FOUNDATION FOR ACCOUNTING EDUCATION INC

  501(C)(3) · EDUCATION · NY · controlled entity

  Directly controlled by THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

• MOYNIHAN SCHOLARSHIP FUND INC

  501(C)(3) · CHARITABLE AND EDUCATION · NY · controlled entity

  Directly controlled by THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

Provenance

Return type

form_990

Tax year

2024

Filed

1 April 2026

IRS schema version

2024v5.5

Source object

202600989349300700

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