2024-04-08T15:32:26-05:00 2023-05-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-06-01 222291384 NJCPA SCHOLARSHIP FUND NJCP 9732264494 105 EISENHOWER PARKWAY 300 ROSELAND NJ 07068 AIYSHA JOHNSON CEO AND EXECUTIVE DIRECTOR 9732264494 2024-04-08 1 AIYSHA JOHNSON 999009999 0 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AIYSHA JOHNSON 105 EISENHOWER PARKWAY 300 ROSELAND NJ 07068 1397120 0 X WWW.NJCPA.ORG/GIVE-BACK/SCHOLARSHIP-FUND X 1960 NJ SEE SCHEDULE OTHE MISSION OF THE SCHOLARSHIP FUND IS TO ATTRACT THE BEST & THE BRIGHTEST OF NJ STUDENTS & RESIDENTS INTO THE ACCOUNTING PROFESSION & TO SUPPORT ATTAINING THE CPA DESIGNATION. 13 12 0 327 0 0 204506 226787 0 0 123694 392586 0 0 328200 619373 327900 309260 0 0 73801 60001 0 0 7734 45142 37721 446843 406982 -118643 212391 2746310 2526558 242564 225749 2503746 2300809 THE MISSION OF THE SCHOLARSHIP FUND IS TO ATTRACT THE BEST AND THE BRIGHTEST OF NEW JERSEY STUDENTS AND RESIDENTS INTO THE ACCOUNTING PROFESSION AND TO SUPPORT ATTAINING THE CERTIFIED PUBLIC ACCOUNTANT DESIGNATION. 0 0 361429 309260 IN SUPPORT OF THE NJCPA SCHOLARSHIP FUND'S MISSION OF PROVIDING SCHOLARSHIPS TO STUDENTS PURSUING AN UNDERGRADUATE OR GRADUATE DEGREE IN ACCOUNTING, THE FUND AWARDED SCHOLARSHIPS TO 106 STUDENTS DURING THE FILING PERIOD. THE FUND, THROUGH ITS SUPPORT OF LIKE-MINDED ORGANIZATIONS, ALSO SUPPORTED MINORITY ACCOUNTING STUDENTS. 361429 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X GREG TONDI 9732264494 105 EISENHOWER PARKWAY SUITE 300 ROSELAND NJ 07068 RALPH ALBERT THOMAS VICE PRESIDENT 1.00 57.00 X X 8106 385031 39496 HENRIETTA G FUCHS PRESIDENT 1.20 0.00 X X 0 0 0 JENNIFER R PEOPLES TREASURER 0.80 0.00 X X 0 0 0 SUSAN D GOLA SECRETARY 0.50 0.00 X X 0 0 0 TARA BALDWIN TRUSTEE (AS OF 6/22- THRU 5/23) 0.50 0.00 X 0 0 0 GORDON C SMITH CFO (THRU 6/22) 1.50 43.50 X 4628 101811 6266 ROBERT A FODERA TRUSTEE 0.50 0.00 X 0 0 0 ANGELA GAROFALO TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH MCGRATH TRUSTEE (AS OF 6/22- THRU 5/23) 0.50 0.00 X 0 0 0 EDWARD G O'CONNELL TRUSTEE (AS OF 6/22- THRU 5/23) 0.50 8.50 X 0 0 0 BAYAAN A OLUYADI TRUSTEE 0.50 0.00 X 0 0 0 THOMAS PEDERSEN TRUSTEE 0.50 0.00 X 0 0 0 KATHLEEN F POWERS TRUSTEE 0.50 13.00 X 0 0 0 JEANETTE RAMOS-ALEXANDER TRUSTEE 0.50 0.00 X 0 0 0 12734 486842 45762 0 0 1 0 0 226787 226787 52125 52125 1104423 13785 777747 0 326676 13785 340461 340461 619373 0 0 392586 16500 16500 292760 292760 10617 4678 1261 4678 39383 24987 14396 2637 1318 1055 264 3787 1893 1515 379 3577 1788 1431 358 13151 13151 2012 929 338 745 4000 2373 1253 374 6000 3560 1879 561 8270 8270 3000 1780 939 281 1000 593 313 94 FEES AND LICENSES 288 288 406982 361429 37819 7734 520476 283834 0 1000 2225834 2189911 0 51813 2746310 2526558 235035 225749 7529 0 242564 225749 X 2503746 2300809 2503746 2300809 2746310 2526558 212391 -415328 0 X 0 1 X 1 0 X 370135 376210 178459 204506 226787 1356097 370135 376210 178459 204506 226787 1356097 115804 1240293 56887 66921 43071 74233 52125 293237 1649334 0.75200 0.79590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 X 190894 -415328 -415328 606222 13151 13151 619373 393831 0 393831 13151 13151 406982 PART X, LINE 2: GUIDANCE IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE NJCPA AND AFFILIATES HAVE CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE NJCPA AND AFFILIATES HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND, TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. 1 NATIONAL ASSOCIATION OF BLACK ACCOUNTANTS INC 7474 GREENWAY CENTER DRIVE SUITE 1120 GREENBELT MD 20770 237097490 IRC 501 (C )( 3) 11000 0 GENERAL SUPPORT AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION 220 LEIGH FARM ROAD DURHAM NC 27707 136169602 IRC 501 (C )( 3) 5500 0 GENERAL SUPPORT 2 0 SCHOLARSHIP AWARDS TO STUDENTS OF ACCOUNTING 75 286142 CPA EXAM FEES/ACCRUAL/AICPA/NJCPA AWARDS 6618 PART I, LINE 2: IN THE CASE OF GRANTS TO INDIVIDUALS, PAYMENTS ARE GENERALLY MADE DIRECTLY TO THE COLLEGE OR UNIVERSITY TO BE APPLIED TO TUITION. IN THE FEW CASES WERE PAYMENTS ARE MADE TO THE STUDENTS, SUBSTANTIATION IS REQUIRED FOR THE USE OF THE FUNDS. IN THE CASE OF ORGANIZATIONAL GRANTS, ONGOING COMMUNICATION WITH THE GRANTEES ENSURES THAT THE FUNDS ARE USED AS INTENDED. 0 0 0 0 0 0 0 1 0 RALPH ALBERT THOMAS VICE PRESIDENT 7107 337584 510 24225 489 23222 346 16424 510 24205 8962 425660 0 0 PART I, LINE 7 THE ARRANGEMENT FOR NON-FIXED PAYMENTS TO THE VICE PRESIDENT WHO IS ALSO THE CEO & EXECUTIVE DIRECTOR (CEO) OF THE NJCPA, IS DETAILED IN HIS CONTRACT AS FOLLOWS: THE VARIABLE COMPENSATION IS BASED UPON PERFORMANCE AND ACHIEVEMENT OF MUTUALLY AGREED UPON GOALS AND PERFORMANCE MEASUREMENTS TO BE USED IN DETERMINING WHETHER THE CEO IS ENTITLED TO A BONUS. THE DETERMINATION OF WHETHER TO GRANT VARIABLE COMPENSATION IN ANY GIVEN YEAR WILL BE IN THE SOLE DISCRETION OF THE NJCPA AS DETERMINED BY THE NJCPA EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO. IN THE EVENT THAT THE NJCPA DECIDES TO GRANT VARIABLE COMPENSATION, SUCH VARIABLE COMPENSATION SHALL BE UP TO 15% OF THE CEO'S ANNUAL BASE COMPENSATION. THE ACTUAL PERCENTAGE FOR 2023 WAS 4%. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE VICE PRESIDENT AND AS NEEDED BY OTHER MEMBERS OF MANAGEMENT OF THE NJCPA. ONE OF THE RESPONSIBILITIES OF THE AUDIT COMMITTEE IS TO REVIEW THE 990 PRIOR TO FILING. THE COMMITTEE'S REVIEW IS INTENDED TO ASSESS THE ADEQUACY OF THE PROCESS USED TO PREPARE THE FORM, AND INCLUDES A REVIEW OF THE FORM ITSELF, PARTICULARLY THE NARRATIVE PORTIONS, FOR CONSISTENCY WITH THE FUND'S MISSION, PUBLIC IMAGE, AND INTERNAL POLICIES AND PROCEDURES. THE AUDIT COMMITTEE REPORTS THE RESULTS OF ITS ASSESSMENT TO THE BOARD OF TRUSTEES, AND EACH TRUSTEE RECEIVES A COPY OF THE FORM PRIOR TO FILING. AN ACCOUNTING FIRM IS ENGAGED TO PREPARE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE MEMBERS OF THE BOARD OF TRUSTEES, OTHER VOLUNTEER LEADERS AND STAFF SIGN AN ACKNOWLEDGEMENT OF THE NJCPA CODE OF CONDUCT. WITHIN THE CODE THEY INDICATE ANY CONFLICTS OF INTEREST. NOTED CONFLICTS ARE REVIEWED AT THE MEETINGS OF THE BOARD OF TRUSTEES AND A PETITION FOR DISCLOSURE OF ANY NEW CONFLICTS IS PUT FORTH AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION'S SALARIES AND BENEFITS ARE PAID BY A COMMON PAYMASTER, THE NJ SOCIETY OF CPAS. THE RELEVANT PROCEDURES OF THE COMMON PAYMASTER ARE AS FOLLOWS: FOR FISCAL YEAR 2023, THE NJ SOCIETY OF CPAS (NJCPA) EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO & EXECUTIVE DIRECTOR (CEO), COMPLETED AN ANNUAL PERFORMANCE REVIEW AND ESTABLISHED THE COMPENSATION PACKAGE OF THE CEO (SEE BELOW). IN ADDITION, IT REVIEWED MANAGEMENT'S EVALUATION AND COMPENSATION PROCESS FOR STAFF. THE COMMITTEE ALSO REVIEWED AND RATIFIED SALARY INCREASES AND VARIABLE COMPENSATION FOR THE CHIEF OPERATING OFFICER (SEE BELOW), THE CHIEF FINANCIAL OFFICER, THE CHIEF LEARNING OFFICER AND OTHER SENIOR MANAGEMENT. THE NJCPA ANNUALLY ENGAGES A COMPENSATION FIRM TO REVIEW THE MARKET PRICING FOR ONE THIRD OF ITS STAFF POSITIONS, ENSURING THAT EVERY POSITION WILL BE COMPARED TO MARKET EVERY THREE YEARS. THE NJCPA STRIVES FOR COMPENSATION TO REFLECT MARKET, INDIVIDUAL PERFORMANCE AND THE SUCCESS OF THE NJCPA IN MEETING ITS GOALS AND OBJECTIVES. THE NJCPA COMPENSATION STRUCTURE INCORPORATES THE USE OF MARKET RANGES FOR EACH POSITION, WHERE MARKET PRICING IS REVIEWED AND ADJUSTED ANNUALLY TO MAINTAIN APPROPRIATE INTERNAL RELATIONSHIPS AND MARKET CONDITIONS. THE CEO PERFORMED THE ANNUAL PERFORMANCE EVALUATION OF THE CHIEF OPERATING OFFICER (COO). HE USED THE REPORT OF THE INDEPENDENT CONSULTANT ALONG WITH THE RESULTS OF THE PERFORMANCE EVALUATION TO SET THE SALARY AND VARIABLE COMPENSATION OF COO AND INFORMED THE NJCPA EXECUTIVE COMMITTEE OF THE SAME. THE NJCPA EXECUTIVE COMMITTEE RATIFIED THE COO'S SALARY AND VARIABLE COMPENSATION. THE NJCPA EXECUTIVE COMMITTEE REVIEWED THE PERFORMANCE OF THE CEO. THAT PROCESS INCLUDED A SELF-EVALUATION BY THE CEO AND INDEPENDENT EVALUATIONS BY EACH MEMBER OF THE EXECUTIVE COMMITTEE. THE COMMITTEE ALSO REVIEWED THE REPORT OF THE INDEPENDENT CONSULTANT AND CONSULTED WITH COMPARABLE NON-PROFIT ASSOCIATIONS REGARDING COMPENSATION AND PERFORMANCE MEASURES. THIS INFORMATION WAS THEN USED TO SET THE ANNUAL BASE COMPENSATION FOR THE YEAR BEGINNING JUNE 1, 2022 AND VARIABLE COMPENSATION FOR THE PRECEDING YEAR. THE COMMITTEE PREPARED A WRITTEN REPORT OF ITS EVALUATION AND DELIBERATIONS PERTAINING TO THE CEO'S PERFORMANCE AND ALL DECISIONS MADE WITH REGARD TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONDENSED FINANCIAL STATEMENTS ARE INCLUDED IN AN ANNUAL REPORT WHICH IS POSTED ON THE NJCPA WEBSITE (WWW.NJCPA.ORG) AND PUBLISHED IN THE NOVEMBER/DECEMBER ISSUE OF NEW JERSEY CPA MAGAZINE. COMPLETE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION. NEW JERSEY SOCIETY OF CPAS 105 EISENHOWER PKWY STE 300 ROSELAND NJ 07068 221153915 PROFESSIONAL NJ 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 NEW JERSEY SOCIETY OF CPAS M 60000 FMV NEW JERSEY SOCIETY OF CPAS O 60000 FMV