2024-10-18T16:24:40-07:00 2024-07-31 990 2023-08-01 201746267 NASBA CENTER FOR THE PUBLIC TRUST NASB 6158804200 150 Fourth Avenue North Suite 700 Nashville TN 372192417 Troy Walker Chief Financial Officer 6158804200 2024-10-18 1 2023 2024-10-15 13:58:12Z Sedrik Newbern 150 Fourth Avenue North Suite 700 Nashville TN 37219 966110 0 X thecpt.org X 2004 TN NASBA Center for the Public Trust exists to develop, encourage, acknowledge and promote ethical leadership. The CPT promotes positive ethical behavior and equips professionals with tools to make better ethical decisions through thought provoking seminars, conferences, and virtual training platforms. In addition, the CPT honors ethical leaders through its Being a Difference Awards. The CPT created Student Center for the Public Trust chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity. As a non-profit organization, the CPT encourages contributions from individuals and corporations who are passionate about developing and promoting ethical leaders. 14 14 0 21 0 0 308618 349392 298223 339932 17063 55713 8284 241 632188 745278 0 0 0 0 211582 243554 0 0 78901 308541 334949 520123 578503 112065 166775 1455567 1664519 111886 71734 1343681 1592785 NASBA Center for the Public Trust exists to develop, encourage, acknowledge and promote ethical leadership. The CPT promotes positive ethical behavior and equips professionals with tools to make better ethical decisions through thought provoking seminars, conferences, and virtual training platforms. In addition, the CPT honors ethical leaders through its Being a Difference Awards. The CPT created Student Center for the Public Trust chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity. As a non-profit organization, the CPT encourages contributions from individuals and corporations who are passionate about developing and promoting ethical leaders. 0 0 105270 0 41751 Ethics Advancement Program. The NASBA Center for the Public Trust (CPT) manages several areas of activities under the Ethics Advancement program. CPT offers an online training program in ethical leadership for professionals, primarily used by Boards of Accountancy in disciplinary actions. CPT also publishes an Ethics Matters newsletter which includes articles highlighting ethics and ethical behavior in business and accounting communities as well as the current activities of CPT. In addition, CPT produces The Viable Leadership podcast, in which successful business executives discuss topics related to promoting ethical leadership in life and business. 313175 0 298181 Student Program. The CPT created Student Center for the Public Trust (StudentCPT) chapters to focus on educating and engaging future business leaders on ethics, accountability and integrity. StudentCPT chapters are student-run organizations, based on college campuses throughout the United States. Students have the opportunity to participate in a student leadership conference, an ethics video competition, community service activities and Campus Being a Difference Awards. StudentCPT events also feature dynamic speakers and case studies to help students identify ethical issues and make the best decisions. Chapter events also provide opportunities to network with business leaders throughout the National Association of State Boards of Accountancy (NASBA), Boards of Accountancy and others. CPT also impacts students with the online Ethical Leadership Certification Program. This certification program uses interactive presentations, videos and thought-provoking poll questions to analyze the causes, effects and solutions of real-world ethical dilemmas. 13254 0 0 Conferences Program. CPT holds an Annual Auditing Conference with Baruch College of the City University of New York. The annual conference provides a forum for interaction between business, public accounting, academics, and professional standards setters such as the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). It also examines the current best practices of ethics and independence within the auditing profession. 0 0 0 431699 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X Troy A Walker CPA 6158804200 150 Fourth Avenue North Suite 700 Nashville TN 372192417 X Kenneth L Bishop Chief Executive Officer 2 58 X 0 1853463 56598 Troy A Walker CPA Chief Financial Officer 2 48.00 X 0 261757 57629 Alfonzo D Alexander President 27 3 X 0 164783 40384 Sandra Davidson CPA Chief Financial Officer & Treasurer (Retired) 10 30 X 0 89202 18937 Donny Burkett CPA Director & Chairman 2 0.00 X 0 0 0 W Michael Fritz CPA Director & Vice Chair 2 4 X 0 0 0 Kymberly Messersmith Director & Secretary 2 0.00 X 0 0 0 Barry Berkowitz CPA Director & Treasurer 2 4 X 0 0 0 James Alderson CPA Director 2 0.00 X 0 0 0 Tommye Barie CPA Director 2 0 X 0 0 0 Jennifer Bouchard Director 2 0.00 X 0 0 0 Larry Bridgesmith Esq Director 2 0.00 X 0 0 0 Jason Brooks PhD MBA Director 2 0.00 X 0 0 0 Milton Brown PA Director 2 0 X 0 0 0 David A Costello CPA Director 2 0.00 X 0 0 0 William Latham PhD Director 2 0.00 X 0 0 0 Delbert Madison Director 2 0.00 X 0 0 0 Sean McVey CPA Director 2 0.00 X 0 0 0 Kent Noble Director 2 0.00 X 0 0 0 Kelly Richmond Pope CPA Director 2 0.00 X 0 0 0 Andrea Perry Director 2 0.00 X 0 0 0 J Coalter Baker CPA PFS Director 2 4 X 0 0 0 Jimmy E Burkes CPA Director 2 4 X 0 0 0 Kevin James PhD CPA Director 2 0.00 X 0 0 0 Joseph Petito CPA Director 2 0.00 X 0 0 0 0 2369205 173548 4 0 1 0 0 0 0 54480 150000 0 144912 0 349392 Ethical Leadership Training 611430 337377 337377 0 0 Membership Dues 813410 1690 1690 0 0 Student Merchandise 611699 865 865 0 0 0 0 0 0 339932 51217 0 0 51217 0 0 0 0 0 0 0 0 0 0 210379 0 205883 0 4496 0 4496 0 0 4496 15190 54480 14949 241 0 241 0 745278 339932 0 55954 182583 122741 18928 40914 10039 6778 1022 2239 37150 28118 3628 5404 13782 9303 1378 3101 0 0 0 0 0 0 0 0 17385 0 17385 0 0 0 0 0 0 0 2971 0 2971 0 18000 18000 0 0 8174 7625 549 0 4354 3535 450 369 26946 24151 1989 806 62958 62958 0 0 22977 16658 1149 5170 45230 34443 0 10787 0 0 0 0 88402 85304 109 2989 0 0 0 0 0 0 0 0 14580 0 14580 0 0 0 0 0 State fees and permits 6783 0 47 6736 Bank fees 12801 9311 3104 386 Dues and subscriptions 3388 2774 614 0 578503 431699 67903 78901 162393 156757 107386 3209 57250 90250 46082 88926 0 0 0 0 0 0 0 0 19108 18247 1063348 1307130 0 0 0 0 0 0 0 0 1455567 1664519 40075 31608 0 0 0 0 0 0 0 0 0 0 0 0 0 0 71811 40126 111886 71734 X 965569 1213601 378112 379184 1343681 1592785 1455567 1664519 166775 82329 0 0 0 0 X 0 1 X 1 0 X 317573 303780 302373 308618 349392 1581736 279567 267170 322838 298223 339932 1507730 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 597140 570950 625211 606841 689324 3089466 258432 266198 263235 274618 277812 1340295 22912 28290 98839 56558 71081 277680 281344 294488 362074 331176 348893 1617975 1471491 7834 10092 14921 17063 55713 105623 0 0 0 0 0 0 7834 10092 14921 17063 55713 105623 0 0 0 0 0 0 0 0 0 0 0 0 604974 581042 640132 623904 745037 3195089 0.46055 0.47293 0.03306 0.01779 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153453 0 19658 0 0 0 173111 141012 0 12441 0 0 0 153453 154293 0 -13281 0 0 0 141012 123723 0 30570 0 0 0 154293 117330 0 6393 0 0 0 123723 0 0.5353 0.4647 0 0 Due to NASBA 40126 40126 X 1234958 82329 395374 0 14948 492651 742307 2971 0 2971 745278 985854 395374 0 0 14948 410322 575532 2971 0 2971 578503 Schedule D, Part V, Line 4 Income from the Endowment fund is intended to be used to benefit the Student Center for the Public Trust, which establishes chapters on college campuses to engage students in ethical behavior early in their careers and creates a lifelong pathway to ethical leadership. Schedule D, Part X, Line 2 CPT has adopted the recognition requirements for uncertain income tax positions and believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on CPT's financial position, results of operations or cash flows. Accordingly, CPT has accrued no interest or penalties related to uncertain tax positions at July 31, 2024 or 2023. It is CPT's policy to recognize interest and penalties related to income tax matters in other expense. In general, CPT is no longer subject to examination by tax authorities for U.S. federal and state income tax returns before fiscal 2021. Schedule D, Part XI, Line 2d Fundraising Events Direct Expenses deducted from revenue Schedule D, Part XII, Line 2d Fundraising Events Direct Expenses deducted from expenses Fall Fundraiser 53590 48309 5281 0 539 0 4743 0 136 Golf Tournament 16080 6171 9909 0 167 6989 763 0 1612 0 69670 54480 15190 0 706 6989 5506 0 1748 14949 241 0 0 0 0 0 0 0 0 0 Kenneth L Bishop Chief Executive Officer 0 1294292 0 325000 0 234171 0 32550 0 25930 0 1911943 0 0 Alfonzo D Alexander President 0 152783 0 12000 0 0 0 10455 0 30797 0 206035 0 0 Troy A Walker CPA Chief Financial Officer 0 236757 0 25000 0 0 0 27078 0 31512 0 320347 0 0 Sandra Davidson CPA Chief Financial Officer & Treasurer (Retired) 0 85202 0 4000 0 0 0 5846 0 14069 0 109117 0 0 Schedule J, Part I, Line 3 The Chief Executive Officer (CEO) of CPT is an employee of a related company, National Association of State Boards of Accountancy (NASBA). Each year, the compensation for the CEO is assessed and determined by the Executive Compensation Committee and then approved by the Board of Directors of NASBA. All of the items in question 3 are used to establish the compensation of the organization's CEO. Schedule J, Part II Compensation of Officers and Directors. The staff of CPT are employed by National Association of State Boards of Accountancy (NASBA), a related company. Since CPT did not issue W-2s, row (i) is reported as zero. The amount reported in column B row (ii) represents the amount reported by NASBA on the W-2 Box 5 for each person listed. The compensation for CPT's officers, relevant to the time spent on CPT activities, is provided by NASBA in the form of an in-kind donation. Form 990, Part V, Line 2a The staff of CPT are employed by National Association of State Boards of Accountancy (NASBA), a related company. CPT reimburses NASBA at cost for the time spent on CPT activities. Form 990, Part V, Line 7b CPT held a golf tournament fundraising event in July 2024. Donor acknowledgments will be sent in January 2025 to the donors stating the donation amount received and the value of the benefits received by the donor. Form 990, Part VI, Section A, Line 6 The Bylaws of the organization specify that there is one member. The National Association of State Boards of Accountancy, Inc. (NASBA) is named as the sole member. Form 990, Part VI, Section A, Line 7a From the Bylaws: CPT is a membership organization and shall have one member. The sole member shall be the National Association of State Boards of Accountancy, Inc. Directors are elected by the member. Form 990, Part VI, Section A, Line 7b From the Bylaws: Certain decisions, such as termination of CPT, are reserved to the member or approval is required by the member for Board of Director decisions. Form 990, Part VI, Section B, Line 11b The management and staff of the organization prepared Form 990 and it is reviewed by the governing Board of Directors. The form is made available to the Board in electronic format to review and for comment prior to filing. Any changes deemed necessary are made prior to the return being filed. Form 990, Part VI, Section B, Line 12c Annually every Director, officer and employee is required to sign a compliance statement which states that they have read and understand the conflict of interest policy and that they are in full compliance with the policy. Any exceptions to the policy are noted on the statement. All conflicts of interest are disallowed without prior approval of the CEO. In addition, new vendor relationships are reviewed during the year to determine if any conflicts of interest exists. Form 990, Part VI, Section B, Line 15 The NASBA Executive Compensation Committee (Compensation Committee) is comprised of the Past Chair, the Chair, the Vice Chair, the Secretary and the Treasurer. These Compensation Committee members are disinterested directors who are subject to NASBA's Conflict of Interest Policy. The Compensation Committee assesses and determines compensation for NASBA's President and Chief Executive Officer (CEO)), ensuring that his or her compensation aligns with NASBA's mission and values, its compensation philosophy, its bylaws, extant contracts and governing law. To ensure the competitiveness of the compensation of the CEO, the Compensation Committee undertakes an annual process that includes reviewing comparable data and reports prepared by external consultants. In addition, the external consultants provide a reasonableness letter regarding the CEO compensation. All compensation deliberations and decisions regarding the CEO are contemporaneously documented in the Executive Committee/Compensation Committee minutes. The Board of Directors has final approval authority over the compensation of the CEO. Documentation of the compensation decision is provided to the Chief Financial Officer and Chief Human Resource Officer. Form 990, Part VI, Section C, Line 19 Currently the organizations governing documents, conflict of interest policy and financial statements are available to the officers, directors, member of the organization and others upon request. Form 990, Part VII, Section A, Line 1a The staff of CPT are employed by National Association of State Boards of Accountancy (NASBA), a related company. CPT reimbursed NASBA for the cost relevant to the time spent on CPT activities. Since CPT did not issue any W-2s, column (D) is reported as zero. The amount reported in column (E) represents the amount reported by NASBA on the W-2 Box 5 for each person listed. The compensation for CPT's officers, relevant to the time spent on CPT activities, is provided by NASBA in the form of an in-kind donation. National Assoc of State Boards of Accountancy 150 Fourth Avenue North Suite 700 Nashville TN 37219 133448166 Enhancing the effectiveness of state boards of accountancy DE 501(c)6 N/A 0 Aequo International 150 Fourth Avenue North Suite 700 Nashville TN 37219 471785864 International education evaluation services DE NASBA C 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 National Assoc of State Boards of Accountancy c 150000 Actual amount received National Assoc of State Boards of Accountancy o 369784 Fair Value National Assoc of State Boards of Accountancy p 424042 Actual amount paid