2024-04-03T11:16:05-05:00 2023-05-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-06-01 237171151 FOUNDATION FOR ACCOUNTING EDUCATION INC FOUN 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 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X CALVIN HARRIS JR 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 2704486 0 X WWW.NYSSCPA.ORG X 1972 NY TO ENGAGE IN EDUCATION AND RESEARCH IN THE FIELD OF ACCOUNTANCY, TO DEVELOP AND IMPROVE EDUCATION IN THE FIELD OF ACCOUNTANCY AND OTHER PROFESSIONAL AREAS, AND TO EXPAND KNOWLEDGE IN THE ACCOUNTING SCIENCE, INCLUDING, WITHOUT LIMITATION, RETAINING AND EMPLOYING TEACHERS AND STAFF FOR THE IMPLEMENTATION OF CONTINUING EDUCATION PROGRAMS AND RESEARCH PROJECTS, DEVELOPING JOINT PROGRAMS WITH OTHER INSTITUTIONS AND DISCIPLINES, ESTABLISHING BENEFICIAL RELATIONS WITH EDUCATORS AND EDUCATIONAL INSTITUTIONS, ORGANIZING ACCOUNTANTS' STUDY GROUPS AROUND SPECIFIC TOPICS IN ACCOUNTANCY, ENCOURAGING AND PUBLISHING BOOKS AND PAMPHLETS ON ACCOUNTANCY, AND OBTAINING GRANTS AND FUNDING FOR EDUCATIONAL AND RESEARCH PROJECTS. 7 7 32 430 0 0 1074394 1361206 1519157 1336743 5314 2932 7410 0 2606275 2700881 0 0 0 0 1699812 1407475 0 0 0 894053 1289660 2593865 2697135 12410 3746 787618 601041 1913873 1727296 -1126255 -1126255 X FOUNDATION FOR ACCOUNTING EDUCATION (FAE) OFFERS EDUCATIONAL SERVICES TO NYSSCPA MEMBERS, SPONSORS NYSSCPA EVENTS QUALIFYING FOR CPE, AND OFFERS A DISCOUNT OFF NORMAL FAE PRICING TO NYSSCPA MEMBERS, AND PROGRAMS. FAE TRUSTEES HAVE ENTERED INTO AN OPERATING AGREEMENT WITH THE NYSSCPA (THE SOCIETY) BOARD OF TRUSTEES THAT COVERS THE FOLLOWING: THE SOCIETY MAKES AVAILABLE BUSINESS SERVICES AND STAFFING, CLASSROOM, REGISTRATION, AND OFFICE SPACE, EQUIPMENT FURNITURE, SUPPLIES, INSURANCE, AND OTHER SERVICES, ALL OF WHICH FAE REIMBURSES THE SOCIETY. THERE ARE PROVISIONS FOR A DISCRETIONARY ANNUAL GRANT FROM THE SOCIETY TO FAE. PROVISION IS MADE FOR THE USE OF INTELLECTUAL PROPERTY, CONFIDENTIALITY, INDEMNIFICATION, AND A NUMBER OF OTHER MISCELLANEOUS PROVISIONS. 0 0 1922557 1336743 FOUNDATION FOR ACCOUNTING EDUCATION (FAE) PROVIDES CONTINUING PROFESSIONAL EDUCATION (CPE) REQUIRED TO MAINTAIN A CPA LICENSE IN NEW YORK STATE. FAE IS QUALIFIED TO PROVIDE CPE BY THE NEW YORK STATE DEPARTMENT OF EDUCATION. UNDER NEW YORK'S ACCOUNTING REFORM LAW, CPAS WHOSE PRINCIPAL PLACE OF BUSINESS IS NEW YORK ARE REQUIRED TO COMPLETE 40 HOURS OF CPE EVERY CALENDAR YEAR IN GENERAL STUDIES, INCLUDING ACCOUNTING, AUDITING, TAXATION, ADVISORY SERVICES, AND OTHER AREAS, OR 24 HOURS IN A SPECIALIZED SUBJECT. TO HELP MEET THIS REQUIREMENT FAE OFFERS MORE THAN 374 COURSES ANNUALLY INCLUDING CONFERENCES, SEMINARS, TECHNICAL SESSIONS, ON-SITE CPE AND ONLINE WEBINARS. COURSES KEEP PARTICIPANTS UPDATED ON CONSTANTLY CHANGING REGULATIONS, TECHNICAL AND ETHICAL ISSUES AND BEST PRACTICES IN ACCOUNTING AND AUDITING. 1922557 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 5 0 1 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 BARBARA MARINO PRESIDENT-ELECT 3.00 4.00 X X 0 0 0 CALVIN HARRIS CHIEF EXECUTIVE OFFICER 5.60 31.90 X X 31020 175781 23843 DENISE STEFANO TRUSTEE 1.00 1.00 X 0 0 0 KENNEETH GRALAK TRUSTEE 1.00 X 0 0 0 KEVIN MATZ TRUSTEE 1.00 6.00 X 0 0 0 MAGDALENA CZERNIAWSKI TRUSTEE 1.00 X 0 0 0 PATRICIA JOHNSON PRESIDENT 5.00 2.00 X X 0 0 0 TIMOTHY J HAMMOND SECRETARY/TREASURER 2.00 4.00 X X 0 0 0 JOANNE S BARRY OUTGOING CHIEF EXECUTIVE OFFICER 5.60 31.90 X 49139 278457 35339 PATRICK PAYANO CHIEF FINANCIAL OFFICER 13.80 23.70 X 73978 127323 38802 REVIRA BRENNAN CHIEF OPERATING OFFICER 7.70 29.80 X 42843 166147 24517 ERNEST MARKEZIN DIRECTOR OF QUALITY ENHANCEMENT 2.20 35.30 X 13820 226536 43249 ANTOINE JULIAN FLETCHER DIRECTOR-HUMAN RESOURCES 7.50 30.00 X 25704 102815 27353 EMILY FRIZZELL CHIEF MARKETING AND COMMUNICATIONS DIRECTOR 10.90 26.60 X 39244 96081 26528 TIMOTHY TWOFOOT BOULETTE GENERAL COUNSEL 11.30 26.20 X 51254 119591 16745 XIOMARA FOX MANAGER-MEMBER SERVICES 3.20 34.30 X 10296 110833 50662 337298 1403564 287038 0 0 1 0 0 1361206 1361206 REGISTRATION FEES 611710 1336743 1336743 1336743 2363 2363 4174 3605 569 569 569 2700881 1336743 0 2932 237166 171777 65389 914505 662364 252141 53434 38700 14734 114296 83119 31177 88074 63791 24283 14058 14058 12341 12341 853 853 252693 157029 95664 8064 5841 2223 116557 84421 32136 200536 145245 55291 22910 16594 6316 590598 427770 162828 17646 12781 4865 CREDIT CARD FEES 52393 52393 DUES & SUBSCRIPTIONS 1011 732 279 2697135 1922557 774578 0 652984 478209 4089 9038 31583 16500 98962 97294 787618 601041 147621 140473 41276 106555 1724976 1480268 1913873 1727296 X -1207861 -1207862 81606 81607 -1126255 -1126255 787618 601041 3746 -3746 0 X 0 1 X 1 0 X 1425430 1943485 908226 1074394 1361206 6712741 2536431 1960209 1577290 1519157 1336743 8929830 3961861 3903694 2485516 2593551 2697949 15642571 1344677 1914950 908226 600120 1361206 6129179 0 1344677 1914950 908226 600120 1361206 6129179 9513392 115808 53107 15202 9405 2363 195885 115808 53107 15202 9405 2363 195885 4077669 3956801 2500718 2602956 2700312 15838456 0.60070 0.64760 0.01240 0.01520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTIES 1480268 1480268 X 10162352 -3746 7466070 7462324 2700028 853 853 2700881 11130035 8433753 8433753 2696282 853 853 2697135 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 9,088,242. INTERCOMPANY ELIMINATIONS -1,622,172. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' EXPENSES 10,055,925. INTERCOMPANY ELIMINATIONS -1,622,172. 1 0 0 0 0 0 0 0 0 JOANNE S BARRY OUTGOING CHIEF EXECUTIVE OFFICER 31617 179164 0 0 17522 99293 2910 16490 2391 13548 54440 308495 0 0 ERNEST MARKEZIN DIRECTOR OF QUALITY ENHANCEMENT 13590 222758 0 0 230 3778 1044 17115 1443 23647 16307 267298 0 0 PATRICK PAYANO CHIEF FINANCIAL OFFICER 73826 127061 0 0 152 262 5059 8708 9200 15835 88237 151866 0 0 REVIRA BRENNAN CHIEF OPERATING OFFICER 42648 165390 0 0 195 757 1936 7508 3090 11983 47869 185638 0 0 CALVIN HARRIS CHIEF EXECUTIVE OFFICER 30949 175376 0 0 71 405 2097 11881 1480 8385 34597 196047 0 0 TIMOTHY TWOFOOT BOULETTE GENERAL COUNSEL 50990 118976 0 0 264 615 4148 9680 875 2042 56277 131313 0 0 XIOMARA FOX MANAGER-MEMBER SERVICES 10230 110121 0 0 66 712 437 4708 3869 41648 14602 157189 0 0 EMILY FRIZZELL CHIEF MARKETING AND COMMUNICATIONS D 39086 95694 0 0 158 387 3212 7865 4481 10970 46937 114916 0 0 ANTOINE JULIAN FLETCHER DIRECTOR-HUMAN RESOURCES 25634 102537 0 0 70 278 2108 8432 3363 13450 31175 124697 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 FOUNDATION FOR ACCOUNTING EDUCATION, 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 TRUSTEES. 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 TRUSTEES OF THE ORGANIZATION WITH OR WITHOUT CAUSE, AND TO FILL ANY VACANCIES ARISING FROM ANY CIRCUMSTANCES ON THE BOARD OF TRUSTEES. 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 FAE 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 MOYNIHAN SCHOLARSHIP FUND INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 822444864 CHARITABLE AND EDUCATION NY 501(C)(3) LINE 7 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 1361206 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS O 1406261 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS N 200536 FMV THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS P 229429 FMV