2022-09-13T16:36:26-05:00 2022-04-30 540504608 BROWN EDWARDS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VA 23226 990 2021-05-01 541302626 VSCPA EDUCATIONAL FOUNDATION INC VSCP 8042705344 4309 COX ROAD GLEN ALLEN VA 23060 BETH BICKFORD CPA SECRETARY/TREASURER 8042705344 2022-09-07 1 BETH BICKFORD CPA XXX-XX-XXXX MELISSA A SIKES P01261580 8042826000 2022-09-07 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BETH BICKFORD CPA 4309 COX ROAD GLEN ALLEN VA 23060 428780 0 X WWW.VSCPA.COM X 1984 VA THE FOUNDATION IS DEDICATED TO ATTRACTING FUTURE CPAS BY PROMOTING FINANCIAL AND ACCOUNTING EDUCATION, REWARDING ACADEMIC EXCELLENCE AND ENCOURAGING STUDENTS TO PURSUE PROMISING CAREERS IN ACCOUNTING. THE FOUNDATION SUPPORTS ACCOUNTING STUDENTS AND EDUCATORS IN VIRGINIA THROUGH UNDERGRADUATE AND GRADUATE SCHOLARSHIPS, GRANTS AND AWARD/RECOGNITION PROGRAMS. 17 16 0 29 0 0 97736 132928 85000 95000 67411 35029 0 0 250147 262957 57500 59250 0 0 0 0 0 0 4992 115458 129019 172958 188269 77189 74688 1606071 1592564 1651 1629 1604420 1590935 X THE FOUNDATION IS DEDICATED TO ATTRACTING FUTURE CPAS BY PROMOTING FINANCIAL AND ACCOUNTING EDUCATION, REWARDING ACADEMIC EXCELLENCE AND ENCOURAGING STUDENTS TO PURSUE PROMISING CAREERS. THE FOUNDATION SUPPORTS STUDENTS AND EDUCATORS IN VIRGINIA THROUGH UNDERGRADUATE AND GRADUATE SCHOLARSHIPS, GRANTS AND AWARD/RECOGNITION PROGRAMS. 0 0 95000 95000 THE FOUNDATION SUPPORTS THE ANNUAL VIRGINIA ACCOUNTING AND AUDITING CONFERENCE, CO-SPONSORED BY VIRGINIA TECH. 62157 59250 THE FOUNDATION OFFERS COLLEGE SCHOLARSHIPS IN THE FOLLOWING CATEGORIES: UNDERGRADUATE, MINORITY, GRADUATE AND DOCTORAL, AND NAMED SCHOLARSHIPS. IN ADDITION, THE FOUNDATION OFFERS GRANTS TO HELP SUPPORT ACCOUNTING EDUCATION. 157157 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X BETH BICKFORD 8042705344 4309 COX ROAD GLEN ALLEN VA 23060 NICHOLAS HARRISON CHAIR 1.00 X X 0 0 0 SCOTT DAVIS VICE CHAIR 1.00 X X 0 0 0 ELIZABETH MARSTELLER VICE CHAIR 1.00 X X 0 0 0 MELANIE RANDALL VICE CHAIR 1.00 X X 0 0 0 BETH BICKFORD SECRETARY-TREASURER 5.00 35.00 X X 0 136811 21789 MICHAEL CRICHTON DIRECTOR 1.00 X 0 0 0 JAIME DERNAR DIRECTOR 1.00 X 0 0 0 CHRIS ENRIGHT DIRECTOR 1.00 X 0 0 0 CHERYL FIELDS DIRECTOR 1.00 X 0 0 0 HEATHER FLANAGAN DIRECTOR 1.00 X 0 0 0 MARSHALL HANDY DIRECTOR 1.00 X 0 0 0 YOLAND R SINCLAIR DIRECTOR 1.00 X 0 0 0 KEVIN MATTHEWS DIRECTOR 1.00 X 0 0 0 DIANNE GUENSBERG DIRECTOR 1.00 X 0 0 0 RANDY SPURRIER DIRECTOR 1.00 X 0 0 0 NATALYA YASHINA DIRECTOR 1.00 X 0 0 0 DONNA YENNEY DIRECTOR 1.00 X 0 0 0 0 136811 21789 0 0 1 0 0 132928 132928 CONTINUING LEARNING SE 611710 95000 95000 95000 29644 29644 171208 165823 5385 5385 5385 262957 95000 0 35029 59250 59250 10125 10125 6671 6671 2178 2178 810 810 CONTINUING EDUCATION EX 95000 95000 ADMINISTRATIVE FEE 10001 2907 4324 2770 FUNDRAISING 2222 2222 MISCELLANEOUS EXPENSE 2012 2012 188269 157157 26120 4992 292158 344705 1065 1098 1300463 1239670 12385 7091 1606071 1592564 1651 1629 1651 1629 X 512329 505346 1092091 1085589 1604420 1590935 1606071 1592564 74688 -88173 0 X 0 1 X 1 0 X X 1 VIRGINIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 546053666 10 1 95000 0 1 95000 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 3B THE ORGANIZATION HAS REVIEWED THE IRS DETERMINATION LETTER OF THE SUPPORTED 501(C)(6) ORGANIZATION AND REVIEWS THE TAX RETURN OF THE SUPPORTED 501(C)(6) ON AN ANNUAL BASIS. PART IV, SECTION A, LINE 3C: THE VSCPA EDUCATIONAL FOUNDATION REMITTED $95,000 TO THE SUPPORTED ORGANIZATION DURING THE YEAR ENDING APRIL 30, 2022. $95,000 RELATES TO MONEY RECEIVED FROM THE VIRGINIA TECH/A&A CONFERENCE. THE EDUCATIONAL FOUNDATION DOES NOT RAISE THESE FUNDS FROM DONORS. PART IV, SECTION C, LINE 1: THE VSCPA APPOINTS THE BOARD OF THE VSCPA EDUCATIONAL FOUNDATION; THEREFORE, THE VSCPA INDIRECTLY CONTROLS THE VOTING INTEREST OF THE VSCPA EDUCATION FOUNDATION. ALSO, THE MANAGEMENT OF THE VSCPA EDUCATIONAL FOUNDATION IS THE SAME MANAGEMENT OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 168043 -8855 6000 153188 137152 36891 6000 168043 147272 -2735 6000 1385 137152 146142 500 7618 5500 1488 147272 141514 1000 10604 5500 1476 146142 0.76360 0.23640 0 0 0 DUE TO VSCPA 1629 1629 X 235451 -88173 67338 -20835 256286 6671 6671 262957 248936 67338 67338 181598 6671 6671 188269 PART V, LINE 4: THE FOUNDATION'S INTENDED USE OF THE ENDOWMENT FUND IS TO PROVIDE COLLEGE SCHOLARSHIPS FOR ACCOUNTING STUDENTS. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE APRIL 30, 2019. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN ADMINISTRATIVE AND GENERAL EXPENSES. THE FOUNDATION DID NOT HAVE PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES DURING THE YEARS ENDED APRIL 30, 2022. 1 SCHOLARSHIPS FOR STUDENTS SEEKING COLLEGE DEGREES IN ACCOUNTING 26 59250 PART I, LINE 2: THE FOUNDATION HAS ESTABLISHED A SCHOLARSHIP & AWARDS COMMITTEE TO REVIEW AND APPROVE SCHOLARSHIPS FOR STUDENTS SEEKING COLLEGE DEGREES IN ACCOUNTING. 0 0 0 0 0 0 0 0 0 BETH BICKFORD SECRETARY-TREASURER 0 136811 0 0 0 0 0 12313 0 9476 0 158600 0 0 FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS, OTHER THAN DIRECTORS APPOINTED TO FILL VACANCIES IN THE BOARD OF DIRECTORS, SHALL BE APPOINTED EACH YEAR BY THE VSCPA AT THE ADJOURNMENT OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE VSCPA IMMEDIATELY PRECEDING THE ANNUAL MEETING OF THE MEMBERS OF THE VSCPA IN THAT YEAR. VACANCIES OF THE BOARD OF DIRECTORS RESULTING FROM THE DEATH, RESIGNATION, DISQUALIFICATION OR REMOVAL OF DIRECTORS OR AN INCREASE IN THE NUMBER OF DIRECTORS MAY BE FILLED BY THE BOARD OF DIRECTORS OF THE VSCPA. FORM 990, PART VI, SECTION A, LINE 7B THE VSCPA BOARD OF DIRECTORS HAS THE AUTHORITY TO MAKE DECISIONS ABOUT THE ELECTION OR REMOVAL OF MEMBERS OR TO ALTER, AMEND OR REPEAL THE BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE VSCPA AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING WITH THE IRS. PRIOR TO ITS FILING, THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL INTEREST ANNUALLY ON A WRITTEN FORM WHICH IS SIGNED AND DATED. THE EXECUTIVE COMMITTEE REVIEWS AND DETERMINES WHAT CONSTITUTES A CONFLICT OF INTEREST. IF A CONFLICT EXISTS, THE INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THAT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS SET BY AN INDEPENDENT PERSON, THE CEO OF THE VSCPA. FORM 990, PART VI, SECTION C, LINE 19 THE VSCPA EDUCATIONAL FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE CONFLICT OF INTEREST POLICY AND FORM 990 ARE AVAILABLE UPON REQUEST. VIRGINIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 4309 COX ROAD GLEN ALLEN VA 23060 546053666 PROFESSIONAL ASSOCIATION VA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 VIRGINIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS S 71902 FMV VIRGINIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS P 95000 COST