2024-04-03T11:17:17-05:00 2023-05-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-06-01 822444864 MOYNIHAN SCHOLARSHIP FUND INC MOYN 2127198300 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 CALVIN HARRIS JR CHIEF EXECUTIVE OFFICER 2127198300 2024-04-02 1 CALVIN HARRIS JR 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2024-03-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CALVIN HARRIS JR 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 1216427 0 X WWW.NYSSCPA.ORG X 2017 NY THE MOYNIHAN SCHOLARSHIP FUND, INC. ("MSF") SUPPORTS THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS. MSF OFFERS SCHOLARSHIPS FOR ACCOUNTING STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC PERFORMANCE. 9 9 17 40 0 0 408136 342056 0 0 178248 31423 0 0 586384 373479 95932 127050 0 0 232313 231478 0 0 2989 139234 140449 467479 498977 118905 -125498 2713280 2595171 408735 460409 2304545 2134762 X THE MOYNIHAN SCHOLARSHIP FUND, INC. ("MSF") SUPPORTS THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS. 0 0 359252 125050 MSF'S EXCELLENCE IN ACCOUNTING SCHOLARSHIP OFFERS AN ANNUAL SCHOLARSHIP TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED CANDIDATES WHO INTEND TO ENTER THE ACCOUNTING PROFESSION. MSF AWARDED 65 EXCELLENCE IN ACCOUNTING SCHOLARSHIPS TO COLLEGE STUDENTS IN THE 2022/2023 FISCAL YEAR. THE SCHOLARSHIPS AWARD $2,500 TO FULLTIME STUDENTS AND $1,250 TO PART-TIME STUDENTS. TO BE ELIGIBLE, COLLEGE STUDENTS MUST BE ACCOUNTING MAJORS, HAVE COMPLETED A MINIMUM OF 60 CREDITS AND MAINTAIN A MINIMUM OF A 3.0 GRADE POINT AVERAGE. STUDENTS MUST ALSO HAVE FILED A FREE APPLICATION FOR FEDERAL STUDENT AID AND BE APPROVED FOR FINANCIAL AID. THE SCHOLARSHIPS ARE NON-RENEWABLE; RECIPIENTS AND CANDIDATES MUST APPLY ANNUALLY. A DESIGNATED MSF CAMPUS AMBASSADOR WORKS WITH THE CAMPUS ACCOUNTING DEPARTMENT AND THE COLLEGE FINANCIAL AID OFFICE TO SELECT THREE DESERVING CANDIDATES BASED ON SCHOLARSHIP AND FINANCIAL NEED. THESE CANDIDATES ARE THEN FORWARDED TO A STATEWIDE SELECTION COMMITTEE OF MEMBERS OF THE NYSSCPA. MSF AWARDS A SCHOLARSHIP TO AT LEAST ONE STUDENT IN MOST COLLEGE ACCOUNTING PROGRAMS IN THE STATE. 64328 2000 THE CAREER OPPORTUNITIES IN THE ACCOUNTING PROFESSION (COAP) PROGRAM IS A SUMMER PROGRAM HOSTED AT COLLEGE CAMPUSES ACROSS NEW YORK STATE AND FUNDED BY MSF. MSF PROVIDES SCHOLARSHIPS TO PARTICIPANTS OF THE COAP PROGRAM FOR THE PURSUIT OF HIGHER-EDUCATION DEGREES IN ACCOUNTING.THE COAP PROGRAM IS OPEN TO ALL, REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, OR SEX. RECRUITMENT FOCUSES ON GROUPS HISTORICALLY UNDERREPRESENTED IN THE ACCOUNTING PROFESSION. IT AIMS TO EXCITE AND INFORM STUDENT PARTICIPANTS ABOUT CAREERS IN ACCOUNTING AND PROVIDE OPPORTUNITIES TO INTERACT WITH SUCCESSFUL ROLE MODELS WHILE GAINING EXPOSURE TO THE CORPORATE ENVIRONMENT. THE FIRST COAP PROGRAM WAS OFFERED AT PACE UNIVERSITY IN 1987, AND PROGRAMS HAVE EXPANDED SIGNIFICANTLY WITH MORE THAN 43 STUDENTS PARTICIPATING AT VARIOUS COLLEGES ACCROSS THE STATE IN FISCAL YEAR 2023/24. SINCE THE PROGRAM'S INCEPTION OVER 4,275 STUDENTS HAVE GRADUATED FROM THE COAP PROGRAM. MANY OF THESE STUDENTS HAVE GONE ON TO PURSUE CAREERS IN ACCOUNTING OR BUSINESS. DURING THE PROGRAM, WHICH LASTS THREE TO FIVE DAYS, HIGH SCHOOL STUDENTS EXPERIENCE COLLEGE LIFE AND LEARN ABOUT THE ACCOUNTING PROFESSION THROUGH TRIPS TO LOCAL CPA FIRMS AND CORPORATE FINANCE DEPARTMENTS. THEY ALSO PARTICIPATE IN SPECIFICALLY DESIGNED WORKSHOPS AND CLASSES THAT TEACH THEM PERSONAL DEVELOPMENT, COMMUNICATION SKILLS, BUSINESS ETHICS, AND INTERVIEWING SKILLS. STUDENTS ARE ACCEPTED TO THE PROGRAM THROUGH AN APPLICATION PROCESS OVERSEEN BY THE NEW YORK STATE SOCIETY OF CPAS. MSF AWARDED 1 COAP SCHOLARSHIPS IN THE 2022/2023 FISCAL YEAR. 423580 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 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 X 0 0 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X PATRICK PAYANO 2127198337 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 DARCY ALDOUS TRUSTEE 1.00 X 0 0 0 EDWARD ARCARA PRESIDENT-ELECT 1.00 X X 0 0 0 F MICHAEL ZOVISTOSKI PRESIDENT 1.00 X X 0 0 0 ITA RAHILLY TRUSTEE 1.00 X 0 0 0 LIREN WEI TRUSTEE 1.00 1.00 X 0 0 0 MARIE GIOIOSA TRUSTEE 1.00 X 0 0 0 MICHAEL R DURANT TRUSTEE 1.00 1.00 X 0 0 0 RUMBI BWERINOFA-PETROZZELLO TRUSTEE 1.00 1.00 X 0 0 0 TIMOTHY J HAMMOND SECRETARY/TREASURER 1.00 5.00 X X 0 0 0 CALVIN HARRIS JR CHIEF EXECUTIVE OFFICER 3.40 34.10 X 18612 188189 23843 JOANNE S BARRY OUTGOING CHIEF EXECUTIVE OFFICER 3.40 34.10 X 29484 298112 35339 PATRICK PAYANO CHIEF FINANCIAL OFFICER 1.00 36.50 X 5535 195766 38802 REVIRA BRENNAN CHIEF OPERATING OFFICER 3.40 34.10 X 18809 190181 24517 ANTOINE JULIAN FLETCHER DIRECTOR-HUMAN RESOURCES 1.90 35.60 X 6426 122093 27353 EMILY FRIZZELL CHIEF MARKETING & COMMUNICATIONS 2.30 35.20 X 8120 127205 26528 TIMOTHY TWOFOOT BOULETTE GENERAL COUNSEL 3.80 33.70 X 17084 153761 16745 XIOMARA FOX MANAGER-MEMBER SERVICES 0.60 36.90 X 1816 119313 50662 105886 1394620 243789 0 0 1 0 0 260966 81090 342056 55288 55288 819083 842948 -23865 -23865 -23865 373479 0 0 31423 127050 127050 80373 67207 13166 112943 94449 18494 5224 4370 854 18441 15420 3021 14497 14497 3843 3843 3373 3373 5970 5970 17784 17784 -3219 -2692 -527 31866 26646 5220 54828 54828 2288 1913 375 4823 4033 790 COAP 14760 14760 FUNDRAISING EXPENSES 2989 2989 CREDIT CARD FEES 868 868 DUES & SUBSCRIPTIONS 276 231 45 498977 423580 72408 2989 158877 58861 -91 648 2554494 2535662 2713280 2595171 29 1433 408706 458976 408735 460409 X 1636859 1839789 667686 294973 2304545 2134762 2713280 2595171 -125498 -44285 0 X 0 1 X 1 0 X 2788389 350710 408136 342056 3889291 2788389 350710 408136 342056 3889291 3347269 542022 45123 52864 57243 55288 210518 4099809 0.13220 X PUBLIC CHARITY QUALIFICATIONSMOYNIHAN SCHOLARSHIP FUND, INC. QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING: 1. ITS SUPPORT, AS REPORTED FOR 2022, IS 13.22%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I). 2. MOYNIHAN SCHOLARSHIP FUND, INC.WAS FORMED TO SUPPORT THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS.IN AN EFFORT TO ATTRACT NEW AND ADDITIONAL GENERAL PUBLIC AND GOVERNMENTAL FUNDING ON A CONTINUOUS BASIS, MOYNIHAN SCHOLARSHIP FUND, INC. SEEKS TO RAISE FUNDS FROM THE GENERAL PUBLIC BY ORGANIZING A FUNDRAISING SUBCOMITTEE AND WILL BE HOLDING A FUNDRAISING EVENT THIS UPCOMING FISCAL YEAR TO RAISE MORE FUNDS FROM THE GENERAL PUBLIC. THEREFORE, IT MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(II).3. MOYNIHAN SCHOLARSHIP FUND, INC. PUBLIC SUPPORT AT 13.22%, IS ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III)(A). 4. IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), MOYNIHAN SCHOLARSHIP FUND, INC. HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM A SINGLE DONOR. IN THIS RESPECT, MOYNIHAN SCHOLARSHIP FUND, INC.MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68250 68250 68250 68250 68250 68250 68250 68250 1.00000 0 0 0 DUE TO RELATED PARTIES 458976 458976 X 10162352 -44285 9839128 9794843 367509 5970 5970 373479 11130035 10637028 10637028 493007 5970 5970 498977 PART V, LINE 4: THE ENDOWMENT IS SET ASIDE TO FUND CERTAIN PROGRAMS OF THE ORGANIZATION. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF MAY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' REVENUE 11,461,300. INTERCOMPANY ELIMINATIONS -1,622,172. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' EXPENSES 12,259,200. INTERCOMPANY ELIMINATIONS -1,622,172. 1 EXCELLENCE IN ACCOUNTING SCHOLARSHIP 65 125050 COAP SCHOLARSHIP 1 2000 PART I, LINE 2: THROUGH A FORMAL APPLICATION AND SELECTION PROCESS, CANDIDATES ARE CHOSEN TO RECEIVE SCHOLARSHIP AWARDS TO FURTHER THEIR COLLEGE STUDIES. THE LIST OF CANDIDATES IS APPROVED BY THE TRUSTEES OF MOYNIHAN SCHOLARSHIP FUND, INC. CHECKS ARE THEN SENT DIRECTLY TO THE COLLEGES AND APPLIED TOWARD UNIVERSITY CHARGES ON THE STUDENTS' BEHALF. THE STUDENT MUST SUBMIT PROOF OF A 3.0 GPA. 1 0 0 0 0 0 0 0 0 JOANNE S BARRY OUTGOING CHIEF EXECUTIVE OFFICER 29320 296461 0 0 164 1651 1746 17654 1435 14504 32665 330270 0 0 PATRICK PAYANO CHIEF FINANCIAL OFFICER 5524 195363 0 0 11 403 379 13388 689 24346 6603 233500 0 0 REVIRA BRENNAN CHIEF OPERATING OFFICER 18723 189315 0 0 86 866 850 8594 1357 13716 21016 212491 0 0 CALVIN HARRIS JR CHIEF EXECUTIVE OFFICER 18569 187756 0 0 43 433 1258 12720 888 8977 20758 209886 0 0 TIMOTHY TWOFOOT BOULETTE GENERAL COUNSEL 16996 152970 0 0 88 791 1383 12445 293 2624 18760 168830 0 0 XIOMARA FOX MANAGER-MEMBER SERVICES 1804 118547 0 0 12 766 77 5068 682 44835 2575 169216 0 0 EMILY FRIZZELL CHIEF MARKETING & COMMUNICATIONS 8087 126693 0 0 33 512 665 10412 927 14524 9712 152141 0 0 ANTOINE JULIAN FLETCHER DIRECTOR-HUMAN RESOURCES 6409 121762 0 0 17 331 528 10012 840 15973 7794 148078 0 0 PART I, LINE 4A JOANNE BARRY, OUTGOING CHIEF EXECUTIVE OFFICER, RECEIVED $115,000 SEVERANCE PAYMENT IN 2022. PART I, LINE 3: THE CEO'S COMPENSATION IS ESTABLISHED BY A RELATED ORGANIZATION, THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (NYSSCPA). THE METHODS USED BY NYSSCPA TO DETERMINE COMPENSATION ARE: WRITTEN EMPLOYMENT CONTRACT; AND APPROVAL BY BOARD. FORM 990, PART V, LINE 2B: THE TAXPAYER HAS COMMON PAYMASTER, THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (TAX ID#13-1101547) WHO FILES ALL FORM W-2'S AND PAYROLL TAX RETURN 941'S. FORM 990, PART VI, SECTION A, LINE 6 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS THE SOLE MEMBER OF MOYNIHAN SCHOLARSHIP FUND, INC. FORM 990, PART VI, SECTION A, LINE 7A THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AS A SOLE MEMBER HAS THE POWER TO APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS AS A SOLE MEMBER HAS THE POWER TO REMOVE ANY DIRECTOR OF THE ORGANIZATION WITH OR WITHOUT CAUSE, AND TO FILL ANY VACANCIES ARISING FROM ANY CIRCUMSTANCES ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED FROM MANAGEMENT. THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. THE BOARD OF TRUSTEES IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MSF HAS ADOPTED THE CONFLICT OF INTEREST POLICY OF ITS SOLE MEMBER, THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS. THAT POLICY REQUIRES ALL TRUSTEES AND EMPLOYEES, AND CERTAIN KEY VOLUNTEERS ANNUALLY TO READ THE NYSSCPA CONFLICT OF INTEREST POLICY AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENTS ARE REVIEWED UPON RECEIPT. CONFLICTS ARE REFERRED TO LEGAL COUNSEL AND ARE DETERMINED EITHER NOT TO BE CONFLICTS OR RESULT IN RECUSAL FROM THE DECISION INVOLVING THE POTENTIAL CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATIONS WEBSITE. THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 131101547 PROFESSIONAL SOCIETY NY 501(C)(6) N/A 0 FOUNDATION FOR ACCOUNTING EDUCATION INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 237171151 EDUCATION NY 501(C)(3) LINE 10 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS C 260966 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS P 62725 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS O 231478 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS N 54828 FMV