2024-07-10T09:13:07-05:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 136169602 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION AMER 9194024500 220 LEIGH FARM ROAD DURHAM NC 277078110 TIMOTHY LASPALUTO ASST TREASURER 9194024500 2024-07-08 1 TIMOTHY LASPALUTO 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2024-06-24 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z TIMOTHY LASPALUTO 220 LEIGH FARM ROAD DURHAM NC 277078110 2906254 0 X WWW.AICPA.ORG X 1922 DC TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS. 11 11 0 11 0 0 831400 1112393 0 0 368856 296940 0 -12624 1200256 1396709 1668375 1626656 0 0 0 0 0 0 114618 827945 648669 2496320 2275325 -1296064 -878616 8850047 8762743 691913 582450 8158134 8180293 X TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS. 0 0 700534 666156 ACCOUNTING EDUCATION AND RESEARCH: THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING PHD STUDENTS TO HELP ADDRESS THE SHORTAGE OF PHD ACCOUNTING FACULTY AT COLLEGES AND UNIVERSITIES. MORE THAN 100 ADS PROGRAM SCHOLARS ENROLLED IN ACCOUNTING DOCTORAL PROGRAMS ACROSS THE UNITED STATES.THE AICPA FOUNDATION TWO-YEAR TRANSFER SCHOLARSHIP WAS ESTABLISHED IN 2013. THIS AWARD PROVIDES FINANCIAL ASSISTANCE TO STUDENTS AT TWO-YEAR COLLEGES STUDYING BUSINESS, ACCOUNTING, FINANCE OR ECONOMICS WITH A DECLARED INTENT TO MAJOR IN ACCOUNTING AT A FOUR-YEAR COLLEGE OR UNIVERSITY. RECIPIENTS OF THE JOHN L. CAREY SCHOLARSHIP PROGRAM ARE GIVEN FINANCIAL ASSISTANCE FOR THE PURSUIT OF GRADUATE ACCOUNTING STUDY. THE ACCOUNTING PROGRAM FOR BUILDING THE PROFESSION IS AN EFFORT TO TRAIN HIGH SCHOOL EDUCATORS TO TEACH ADVANCED ACCOUNTING COURSES, WITH A LONG TERM GOAL OF ACHIEVING THE COLLEGE BOARD'S APPROVAL OF A HIGH SCHOOL CURRICULUM AND EXAMINATION THAT IS ACCREDITED FOR ADVANCED PLACEMENT. 1150936 960500 THE AICPA MINORITY ACCOUNTING SCHOLARSHIPS PROVIDE FINANCIAL AWARDS TO OUTSTANDING MINORITY STUDENTS SHOWING SIGNIFICANT POTENTIAL TO BECOME CPAS. THE FOUNDATION'S MINORITY DOCTORAL FELLOWSHIP PROGRAM ENSURES THAT CPAS OF DIVERSE BACKGROUNDS ARE VISIBLE IN COLLEGE AND UNIVERSITY CLASSROOMS AND SERVE AS ROLE MODELS AND MENTORS TO YOUNG PEOPLE WHO ARE PLANNING THEIR EDUCATION AND CAREERS. 1851470 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 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 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 NC NY X TIMOTHY LASPALUTO 9194024500 220 LEIGH FARM ROAD DURHAM NC 27707 DAVID SCOTT SHOWALTER BOARD LIAISON 0.30 3.00 X 0 0 0 BRIDGET KAIGLER TRUSTEE (OUTGOING) 0.30 0.30 X 0 0 0 CHARMONE ADAMS TRUSTEE 0.30 X 0 0 0 FREDERICK NISWANDER TREASURER 0.30 X X 0 0 0 GUIDO GEERTS TRUSTEE (OUTGOING) 0.30 X 0 0 0 JESSICA CORMIER TRUSTEE (OUTGOING) 0.30 X 0 0 0 JESSICA MCCLAIN TRUSTEE (OUTGOING) 0.30 X 0 0 0 KRISTINE HULL TRUSTEE 0.30 0.30 X 0 0 0 LAURA HORVATH TRUSTEE 0.30 X 0 0 0 LISA FORT TRUSTEE 0.30 X 0 0 0 NOEL BOWERS TRUSTEE 0.30 X 0 0 0 ROBERT MCKOY TRUSTEE 0.30 X 0 0 0 SHAKOR JUKES TRUSTEE 0.30 X 0 0 0 THERESA GOLDEN PRESIDENT 0.30 X X 0 0 0 WALTER BRASCH TRUSTEE 0.30 X 0 0 0 MICHAEL DECKER SECRETARY 0.30 40.00 X 0 438144 70307 TIMOTHY LASPALUTO ASSISTANT TREASURER 0.30 40.00 X 0 438473 54918 JOANNE FIORE FORMER SECRETARY 0.30 40.00 X 0 377694 59812 0 1254311 185037 0 1 1 0 0 47705 382723 681965 1112393 220862 220862 1559882 1483804 76078 76078 76078 13117 47705 25741 -12624 -12624 1396709 0 0 284316 X 1626656 1626656 27516 27516 13787 13787 364616 3800 246198 114618 12979 8128 4851 64187 56368 7819 157648 156518 1130 7936 7936 2275325 1851470 309237 114618 250000 250000 891355 792813 120123 4000 6744519 6747131 834050 958799 10000 10000 8850047 8762743 37183 93370 298000 218000 195856 174120 160874 96960 691913 582450 X 7260346 7208859 897788 971434 8158134 8180293 8850047 8762743 -878616 900775 0 X 0 1 X 1 0 X 1036158 1064441 966088 831400 1112393 5010480 1036158 1064441 966088 831400 1112393 5010480 1415598 3594882 207140 165720 138741 162610 220862 895073 5905553 0.60870 0.58340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 GLOBAL EQUITY LONG- ONLY FUND LP 958799 F 958799 DUE TO AFFILIATED ORGANIZATION 96960 96960 X 2399440 900775 90002 990777 1408663 13787 -25741 -11954 1396709 2377281 90002 25741 115743 2261538 13787 13787 2275325 PART IV, LINE 2B: THE JUDICIAL COLLEGE PROGRAM SERVES TO INFORM AND EDUCATE JUDGES ON CURRENT ACCOUNTING AND AUDITING ISSUES. ON AUGUST 1, 2008, THE FOUNDATION ENTERED INTO AN AGREEMENT WITH THE AICPA'S JUDICIARY SUBCOMMITTEE TO ACT AS AN AGENT ON BEHALF OF THE JUDICIAL COLLEGE PROGRAM IN THE COLLECTION OF CONTRIBUTIONS FROM MEMBERS OF THE JUDICIAL COLLEGE PROGRAM AND IN THE PAYMENT OF CERTAIN OPERATING EXPENSES AS DIRECTED BY THE JUDICIARY SUBCOMMITTEE. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION MAINTAINED A BALANCE OF $174,120 AND $195,856, RESPECTIVELY, REPRESENTING CONTRIBUTIONS IN EXCESS OF OPERATING EXPENSE DISBURSEMENTS, WHICH ARE REFLECTED IN ACCOUNTS PAYABLE AND OTHER LIABILITIES ON THE STATEMENTS OF FINANCIAL POSITION. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ALSO MEETS THE REQUIREMENTS OF SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS THEREFORE NOT A PRIVATE FOUNDATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, 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 FINANCIAL STATEMENTS. THE FOUNDATION'S U.S. FEDERAL INCOME TAX RETURNS PRIOR TO 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION DID NOT RECOGNIZE ANY INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -25,741. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 25,741. GOLF EVENT 60822 47705 13117 25741 60822 47705 13117 25741 25741 -12624 1 2 YEAR COLLEGE TRANSFER 40 200000 ACCOUNTING DOCTORAL SCHOLARSHIPS 13 200000 ACCOUNTING MINORITY SCHOLARSHIPS 99 496000 ACCOUNTING MINORITY DOCTORAL FELLOWSHIP 25 294000 AICPA FOUNDATION CPA EXAM SCHOLARSHIP 75 75000 AICPA FOUNDATION SCHOLARSHIP FOR FUTURE CPAS 38 186600 AICPA HIGH SCHOOL SCHOLARSHIPS 5 10000 AICPA WILLIAM (BILL) EZZELL SCHOLARSHIP: 8 85056 AWSCPA SCHOLARSHIP 8 40000 JOHN CAREY SCHOLARSHIPS FOR GRADUATE ACCOUNTING STUDIES 8 40000 PART I, LINE 2: ACCOUNTING MINORITY DOCTORAL FELLOWSHIPS- INDIVIDUALS MUST COMPLETE AN APPLICATION FORM, SEND AN OFFICIAL ACADEMIC TRANSCRIPT FROM EACH INSTITUTION FROM WHICH THEY RECEIVED A DEGREE, AND PROVIDE TWO CONFIDENTIAL REFERENCES. TO BE ELIGIBLE THE APPLICANTS MUST MEET THE FOLLOWING REQUIREMENTS: O A) APPLIED TO A DOCTORAL PROGRAM AND AWAITING WORD ON ACCEPTANCE; B) BEEN ACCEPTED INTO A DOCTORAL PROGRAM; OR C) ALREADY MATRICULATED IN A DOCTORAL PROGRAM AND PURSUING APPROPRIATE COURSEWORK O EARNED A MASTER'S DEGREE AND/OR COMPLETED AT LEAST 3 YEARS OF FULL-TIME EXPERIENCE IN THE ACCOUNTING PRACTICE O MINORITY STUDENT OF BLACK OR AFRICAN AMERICAN; HISPANIC OR LATINO; OR NATIVE AMERICAN ETHNICITY O ATTEND SCHOOL ON A FULL-TIME BASIS AND PLAN TO REMAIN ENROLLED FULL-TIME UNTIL ATTAINING DOCTORAL DEGREE O AGREE NOT TO WORK FULL-TIME IN A PAID POSITION OR ACCEPT RESPONSIBILITY FOR TEACHING MORE THAN ONE COURSE PER SEMESTER AS A TEACHING ASSISTANT, OR DEDICATE MORE THAN ONE QUARTER OF MY TIME AS A RESEARCH ASSISTANT O CPA OR PLAN TO PURSUE THE CPA CREDENTIAL O U.S. CITIZEN OR PERMANENT RESIDENT (GREEN CARD HOLDER) ACCOUNTING MINORITY SCHOLARSHIPS - APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE OF MORE THAN 70 CPA VOLUNTEERS. RECIPIENT SELECTION IS BASED ON ACADEMIC ACHIEVEMENT; DEMONSTRATION OF LEADERSHIP AND VOLUNTEERISM; AND OVERALL COMMITMENT TO BECOMING A LICENSED CPA PROFESSIONAL. JOHN CAREY SCHOLARSHIPS FOR GRADUATE ACCOUNTING STUDIES - APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE OF MORE THAN 70 CPA VOLUNTEERS. EIGHT SCHOLARSHIPS WERE AWARDED IN 2023 BASED ON ACADEMIC ACHIEVEMENT, DEMONSTRATION OF LEADERSHIP AND VOLUNTERISM, AND OVERALL COMMITMENT TO BECOMING AN LICENSED CPA PROFESSIONAL. TWO YEAR COLLEGE TRANSFER SCHOLARSHIP - APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE MORE THAN 70 CPA VOLUNTEERS. 40 SCHOLARSHIPS WERE AWARDED IN 2023 BASED ON ACADEMIC ACHIEVEMENT, DEMONSTRATION OF LEADERSHIP AND VOLUNTERISM, AND OVERALL COMMITMENT TO BECOMING A LICENSED CPA PROFESSIONAL. AICPA HIGH SCHOOL SCHOLARSHIP - THIS SCHOLARSHIP OFFERS FINANCIAL ASSISTANCE TO HIGH SCHOOL SENIORS WHO ARE ATTENDING AN ACCREDITED TWO OR FOUR-YEAR COLLEGE OR UNIVERSITY IN THE FALL AND PLAN TO MAJOR IN ACCOUNTING. THEY MUST HAVE TAKEN AN ADVANCED ACCOUNTING COURSE TAUGHT BY AN APBP TRAINED EDUCATOR AND HAVE MAINTAINED A GPA OF AT LEAST 3.0 (ON A 4.0 SCALE). AICPA FOUNDATION SCHOLARSHIP FOR FUTURE CPAS - THIS SCHOLARSHIP AWARD PROVIDES FINANCIAL ASSISTANCE TO UNDERGRADUATE OR GRADUATE DEGREE STUDENTS INTERESTED IN PURSUING THE CPA LICENSE AFTER GRADUATION. RECIPIENTS WILL BE CONSIDERED BASED ON THEIR OVERALL POTENTIAL AND COMMITMENT TO BECOMING LICENSED CPA PROFESSIONALS AFTER GRADUATION. APPLICANTS MUST BE ENROLLED AS FULL-TIME STUDENTS AND BE U.S. CITIZENS OR PERMANENT RESIDENTS. AWSCPA SCHOLARSHIP - THIS AWARD PROVIDES FINANCIAL ASSISTANCE TO OUTSTANDING WOMEN STUDENTS MAJORING IN ACCOUNTING OR AN ACCOUNTING-RELATED FIELD. THE AICPA FOUNDATION, THE AICPA'S WOMEN'S INITIATIVES EXECUTIVE COMMITTEE AND ITS AWSCPA TASK FORCE SPONSOR THE AWSCPA SCHOLARSHIP AWARD TO SUPPORT THE SUCCESS OF WOMEN IN THE ACCOUNTING PROFESSION. AICPA WILLIAM (BILL) EZZELL SCHOLARSHIP - THIS SCHOLARSHIP AWARDED TO AT LEAST FIVE RECIPIENTS EACH YEAR. THIS IS A ONE-TIME-RECEIPT AWARD; IT MAY ONLY BE AWARDED TO AN INDIVIDUAL ONCE DURING THEIR DOCTORAL PROGRAM. AICPA FOUNDATION CPA EXAM SCHOLARSHIP - THIS SCHOLARSHIP WAS CREATED TO ASSIST STUDENTS AND CPA CANDIDATES WITH SOME OF THE COSTS ASSOCIATED WITH TAKING THE CPA EXAM. AT LEAST 75 EXTRAORDINARY APPLICANTS ARE AWARDED $1,000 IN A LUMP SUM TO REIMBURSE FOR EXAM FEES AND CPA EXAM PREPARATORY COURSES. APPLICANTS MUST PROVIDE A COPY OF NOTICE TO SCHEDULE (NTS) FOR AT LEAST ONE SECTION OF THE CPA EXAM AND A COPY OF THE RECEIPT FOR PAYMENT OF EXAM APPLICATION FEES. FOR REIMBURSEMENT OF CPA EXAM PREPARATORY COURSES/MATERIALS, APPLICANTS MUST PROVIDE PROOF OF PURCHASE WITH THEIR APPLICATION. 0 1 0 0 0 0 0 0 0 MICHAEL DECKER SECRETARY 0 389467 0 20628 0 28049 0 56911 0 20786 0 515841 0 0 TIMOTHY LASPALUTO ASSISTANT TREASURER 0 371670 0 43872 0 22931 0 42974 0 18821 0 500268 0 19000 JOANNE FIORE FORMER SECRETARY 0 271351 0 64051 0 42292 0 36636 0 30465 0 444795 0 19000 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE AICPA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT AND APPOINTED MEMBERS SHALL CONSTITUTE THE FOUNDATION'S BOARD OF TRUSTEES. THE AICPA SHALL APPOINT A SECRETARY AND ASSISTANT TREASURER TO THE FOUNDATION. THESE PERSONS SHALL BE STAFF PERSONS OF THE AICPA AND WILL BE DEEMED OFFICERS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B EVERY MEMBER OF THE AICPA FOUNDATION SHALL BE ENTITLED TO ATTEND ALL MEETINGS OF THE FOUNDATION AND TO CAST A VOTE UPON MATTERS BROUGHT BEFORE SUCH MEETING. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA TAX PROFESSIONAL PREPARES FORM 990. THE AICPA AUDIT COMMITTEE EVALUATES THE PERSON OR FIRM HIRED TO PREPARE AND FILE THE RETURN. THE TREASURER OF THE FOUNDATION AND ANOTHER FOUNDATION BOARD MEMBER REVIEW THE FORM 990 BEFORE FILING. THE BOARD MEMBERS FEEL THAT THIS IS A APPROPRIATE FIDUCIARY PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY SUCH ACTIONS AS A REVIEW OF HIRED CONSULTANTS TO DETERMINE IF INDEPENDENCE DOES EXIST AND AN ENVIRONMENTAL SCAN OF BUSINESS NEWS TO ENSURE THAT NO CONFLICTS EXIST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G PEOPLE COSTS (SALARIES-REGULAR): PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 190,788. FUNDRAISING EXPENSES 114,618. TOTAL EXPENSES 305,406. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,800. MANAGEMENT AND GENERAL EXPENSES 55,410. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,210. ACCOUNTING RESEARCH ASSOCIATION 220 LEIGH FARM ROAD DURHAM NC 27707 136227058 DEVELOP AND ESTABLISH FINANCIAL GOVERNMENT ACCOUNTING REPORTING STANDARDS DC 501(C)(6) AICPA 0 AICPA 220 LEIGH FARM ROAD DURHAM NC 27707 130432265 MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION DC 501(C)(6) N/A 0 AICPA BENEVOLENT FUND 220 LEIGH FARM ROAD DURHAM NC 27707 136168775 PROVIDE FINANCIAL ASSISTANCE TO NEEDY MEMBERS OF AICPA NY 501(C)(3) 509(A)(2) AICPA 0 AICPA POLITICAL ACTION COMMITTEE 220 LEIGH FARM ROAD DURHAM NC 27707 132937976 CONTRIBUTES TO CANDIDATES FOR FEDERAL ELECTIVE OFFICE DC 527 AICPA 0 INSTITUTE FOR ACCOUNTING PROFESSIONALS IN THE AMERICAS 66 WELLINGTON STREET WEST SUITE 53 TORONTO ONTARIO CA M5K 1E6 SAME AS AICPA CA AICPA 0 CPACOM 1345 AVE OF THE AMERICAS NEW YORK NY 10019 223731549 INTERNET PORTAL MARKETING DE N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0