2024-02-12T09:27:50-06:00 2023-03-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-04-01 066042593 Connecticut Society of CPAs Accounting Scholarship Foundation CONN 8602584800 716 Brook Street 100 Rocky Hill CT 060673433 Bonnie Stewart Executive Director 8602584800 2024-02-06 1 Bonnie Stewart XXX-XX-XXXX 1 Yong Zhang CPA P01249785 7038930300 2024-01-30 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Bonnie Stewart 716 Brook Street 100 Rocky Hill CT 060673433 85648 0 X https://www.ctcpas.org/asftrustees X 1952 CT See Part III. 7 7 0 20 0 0 31879 29481 0 0 53573 32845 -5607 2658 79845 64984 41250 45500 0 0 0 0 0 0 0 924 4003 42174 49503 37671 15481 1024462 973078 0 2250 1024462 970828 X Organized to attract, develop, and support persons of high academic achievement and good character to obtain a post-secondary education in accounting and to encourage them to become members of the accounting profession in the state of Connecticut by funding and awarding scholarships, fellowships, and other awards to individuals and to student accounting societies. 0 0 45500 45500 The Accounting Scholarship Foundation supports Connecticut educational institutions at the secondary and college/university levels through grants, scholarships and other programming aimed at increasing awareness of and support for the profession. 45500 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 CT X Bonnie Stewart 8602584800 716 Brook Street 100 Rocky Hill CT 060673433 X Ralph Anderson Chair 1.00 X X 0 0 0 Michael Cefole Trustee 1.00 X 0 0 0 Michael Delaney Trustee 1.00 X 0 0 0 Kenneth Healy Trustee 1.00 X 0 0 0 Brad Oatley Trustee 1.00 X 0 0 0 Lany Peifer Trustee 1.00 X 0 0 0 Stefan Prins Trustee 1.00 X 0 0 0 Bonnie Stewart Executive Director 1.00 X 0 0 0 0 0 0 0 0 0 0 0 23320 6161 29481 32845 32845 17365 23320 19939 -2574 -2574 5957 725 5232 5232 64984 0 0 35503 45500 45500 4003 4003 49503 45500 4003 0 6820 92641 100667 885235 879632 31740 805 1024462 973078 2250 0 2250 X 1024462 970828 1024462 970828 1024462 973078 15481 -69115 0 X 0 1 X 1 0 X 56944 59387 20257 51779 29481 217848 56944 59387 20257 51779 29481 217848 217848 52408 35303 33395 50089 32845 204040 34598 23322 57920 479808 0.45400 0.49920 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising Income - 2021 Amount: $ 28,658. 2022 Amount: $ 17,365. Gaming Income - 2021 Amount: $ 5,940. 2022 Amount: $ 5,957. Sch A, Part III, Line 20, Alternative Public Support Test The Foundation is organized under section 509(a)(2); however, checks the box for Part III, Line 20 for the current tax year. Per the instructions issued by the IRS related to the 2021 Schedule A (Form 990), "If the Foundation checked the box in Part I, for line 10, and also checks the box in Part III, for line 20, the Foundation should complete Part II to determine if it qualifies as a publicly supported organization under section 170(b)(1)(A)(vi). If it does qualify, the Foundation should instead check the box in Part I, for line 5, 7, or 8, whichever applies." 0 X Part X, Line 2: The Foundation is exempt from payment of taxes on income other than net unrelated business income under IRC Section 501(c)(3), and qualifies to receive charitable donations under IRC Section 170(b)(1)(A)(vi). No tax expense is recorded in the accompanying consolidated financial statements, as there was no significant net unrelated business taxable income. Management has evaluated the CTCPA's and the Foundation's tax positions and concluded that the consolidated financial statements do not include any uncertain tax positions Golf Tournament 40685 23320 17365 1350 17280 425 884 40685 23320 17365 1350 17280 425 884 19939 -2574 5957 725 0 5957 725 725 5232 0 0 0 0 0 0 1 Scholarships for students attending school to obtain an accounting degree. 19 45500 Part I, Line 2: Grants are documented and used by the five University accounting departments. Uses are reviewed by the Board. Form 990, Part VI, Section A, line 8b During the tax year, there were no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b A copy of form 990 is provided to the Foundation's governing body prior to filing for their review and comments. Form 990, Part VI, Section B, line 12 Due to the Foundation's size, management does not believe that it is necessary to have a written Conflict of Interest Policy. Form 990, Part VI, Section C, line 19 The Foundation makes its governing documents and financial statements available to the public upon request.