2024-12-18T11:47:16-06:00 2024-04-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2023-05-01 846031758 EDUCATIONAL FOUNDATION OF THE COLORADO SOCIETY OF CPAS EDUC 3037732877 7887 EAST BELLEVIEW AVENUE 200 ENGLEWOOD CO 80111 ALICIA GELINAS TRUSTEE 3037732877 2024-12-12 1 1 KYLE L FRITCH CPA P01313374 3037705700 2024-12-12 2023 2024-10-15 13:58:12Z ALICIA GELINAS 7887 EAST BELLEVIEW AVENUE 200 ENGLEWOOD CO 80111 612621 0 X HTTPS://COCPA.ORG/THE-FOUNDATION X 1958 CO TO PROMOTE ACCOUNTING EDUCATION IN COLORADO, PRIMARILY THROUGH AWARDING SCHOLARSHIPS TO STUDENTS ATTENDING COLORADO COLLEGES AND UNIVERSITIES. 9 8 0 11 0 0 61335 56400 0 0 76819 221117 0 0 138154 277517 108000 109600 0 0 0 0 0 0 1416 24184 27881 132184 137481 5970 140036 2231719 2384032 5488 29372 2226231 2354660 TO PROMOTE ACCOUNTING EDUCATION IN COLORADO AND SUPPORT INDIVIDUALS AND INSTITUTIONS ENGAGED IN ITS STUDY AND TEACHING. 0 0 115642 109600 THE FOUNDATION GRANTED A TOTAL OF $109,600 IN SCHOLARSHIPS TO 39 STUDENTS ATTENDING COLORADO UNIVERSITIES AND COLLEGES TO ASSIST THEM IN THE STUDY OF ACCOUNTING. THE FOUNDATION PRESENTED 15 GOLD KEY AWARDS TO STUDENTS ATTENDING COLORADO UNIVERSITIES AND COLLEGES TO RECOGNIZE ACADEMIC ACHIEVEMENT IN ACCOUNTING. THE FOUNDATION MATCHED 12 MENTORS WITH 12 STUDENTS TO CONNECT SCHOLARSHIP RECIPIENTS WITH CPA PROFESSIONALS WHO HELPED THEM WITH CAREER QUESTIONS AND WITH EXPLORING THEIR OPPORTUNITIES IN THE PROFESSION. 115642 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 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 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CO X ALICIA GELINAS 3037732877 7887 EAST BELLEVIEW AVENUE STE 200 ENGLEWOOD CO 80111 PAUL GREIVING THRU 11924 EXECUTIVE DIRECTOR/SECRETARY 5.00 X 17202 0 860 ABBEY AQUIRE FROM 3924 EXECUTIVE DIRECTOR/SECRETARY 5.00 X 6555 0 328 ALICIA GELINAS TRUSTEE 1.00 X 4142 0 316 JUDY THOMAS PRESIDENT 1.00 X X 0 0 0 STEPHANIE DANIELS VICE PRESIDENT 1.00 X X 0 0 0 CAITLYN O'NEIL TREASURER 1.00 X X 0 0 0 TIFFANY KNIGHT TRUSTEE 1.00 X 0 0 0 ALEXANDRIA ROMERO TRUSTEE 1.00 X 0 0 0 LAURIE CORRADINO TRUSTEE 1.00 X 0 0 0 MATTHEW OGAZ TRUSTEE 1.00 X 0 0 0 JEFFREY DAMM TRUSTEE 1.00 X 0 0 0 27899 0 1504 0 0 0 1 0 56400 56400 58765 58765 497456 335104 162352 162352 162352 277517 0 0 221117 109600 109600 15303 15303 1700 1700 790 594 57 139 1131 186 221 724 5571 3799 1684 88 282 282 1574 94 1458 22 GOLD KEY EXPENSES 975 975 555 112 443 137481 115642 20423 1416 166491 216128 4251 5102 2060808 2162166 169 636 2231719 2384032 1614 1614 3874 27758 5488 29372 X 1945225 2039576 281006 315084 2226231 2354660 2231719 2384032 140036 -11607 0 X 1 X 0 0 0 X 74400 45928 62084 61335 56400 300147 74400 45928 62084 61335 56400 300147 21410 278737 49607 49328 61964 59885 58765 279549 579696 0.48080 0.51580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2060808 209358 108000 2162166 2119080 51728 110000 2060808 2255250 101000 -136170 101000 2119080 1720025 634225 99000 2255250 1960220 23975 -170170 94000 1720025 0.85430 0.10740 0.03830 0 0 0 DUE TO AFFILIATE 27758 27758 X PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO SUPPORT THE FOUNDATION'S AWARDING OF SCHOLARSHIPS, AWARDS, AND GRANTS AS WELL AS ITS SUPPORTING ACTIVITIES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED APRIL 30, 2024 AND 2023. 1 EDUCATIONAL GRANTS 39 109600 PART I, LINE 2: EDUCATIONAL GRANTS ARE PAID DIRECTLY TO THE EDUCATION INSTITUTION TO ENSURE THE APPROPRIATE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 PAUL GREIVING THRU 11924 EXECUTIVE DIRECTOR/SECRETARY 17202 0 0 0 0 0 860 0 0 0 18062 0 0 0 ABBEY AQUIRE FROM 3924 EXECUTIVE DIRECTOR/SECRETARY 6555 0 0 0 0 0 328 0 0 0 6883 0 0 0 ALICIA GELINAS TRUSTEE 4142 0 0 0 0 0 207 0 109 0 4458 0 0 0 SCHEDULE J PART II THE COLORADO SOCIETY OF CPAS, AN AFFILIATED ORGANIZATION, PERFORMS PROGRAM, ADMINISTRATIVE, AND MANAGEMENT SERVICES FOR THE EDUCATIONAL FOUNDATION. COMPENSATION IN THE FORM OF WAGES IS PAID TO INDIVIDUALS WHO PERFORM THE SERVICES. TOTAL COMPENSATION AND BENEFITS OF $29,403 FOR THE CALENDAR YEAR 2023 WAS PAID TO THE FOLLOWING OFFICERS/DIRECTOR EMPLOYEES FOR THE COLORADO SOCIETY OF CPAS IN CONNECTION WITH SERVICES PERFORMED FOR THE FOUNDATION: ABBEY AGUIRRE, PAUL GREIVING, AND ALICIA GELINAS. FORM 990, PART VI, SECTION A, LINE 3 AN AFFILIATED ORGANIZATION, THE COLORADO SOCIETY OF CPAS, PERFORMED ADMINISTRATIVE AND MANAGEMENT SERVICES. AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A INCLUDE SOME OF THE COSTS RELATED TO PROVIDING THESE SERVICES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO OF THE COLORADO SOCIETY OF CPAS (COCPA), AN AFFILIATED ORGANIZATION, WHO SERVES AS THE ORGANIZATION'S TRUSTEE. THE FORM IS THEN FORWARDED TO THE BOARD OF TRUSTEES, MOST OF WHOM ARE CPAS, FOR THEIR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND TRUSTEES ARE ASKED TO SELF-REPORT ANY POTENTIAL CONFLICTS. IN ADDITION, THE STAFF AND BOARD PRESIDENT ANTICIPATE AND DISCUSS IN ADVANCE WHETHER ANY OFFICER OR TRUSTEE SHOULD EXCUSE HIMSELF/HERSELF FROM A VOTE ON ANY MATTER DUE TO A POTENTIAL CONFLICT OF INTEREST. THE OFFICER OR TRUSTEE IS ADVISED OF THE NECESSITY TO ABSTAIN BEFORE THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE EDUCATIONAL FOUNDATION DOES NOT PAY ANY OFFICERS OR EMPLOYEES DIRECTLY. THE COCPA, AN AFFILIATED ORGANIZATION, MAKES THESE PAYMENTS. THE EDUCATIONAL FOUNDATION RELIES ON THE COCPA'S PROCESS TO DETERMINE COMPENSATION AMOUNTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND REVIEWED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.