2026-04-07T23:47:24-05:00 2025-05-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-06-01 822444864 MOYNIHAN SCHOLARSHIP FUND INC MOYN 2127198300 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 CALVIN HARRIS JR CHIEF EXECUTIVE OFFICER 2127198300 2026-04-06 1 1 LORI ROTHE YOKOBOSKY P01273422 2122970400 2026-04-03 2024 2025-03-06 01:10:19Z CALVIN HARRIS JR 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 2125926 0 X WWW.NYSSCPA.ORG X 2017 NY THE MOYNIHAN SCHOLARSHIP FUND, INC. ("MSF") SUPPORTS THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS. MSF OFFERS SCHOLARSHIPS FOR ACCOUNTING STUDENTS BASED ON FINANCIAL NEED AND ACADEMIC PERFORMANCE. 9 9 0 37 0 0 69065 119414 0 0 157342 169555 0 612384 226407 901353 159040 100065 0 0 0 0 0 0 2621 63893 65879 222933 165944 3474 735409 2828403 3222342 440976 2915 2387427 3219427 X THE MOYNIHAN SCHOLARSHIP FUND, INC. ("MSF") SUPPORTS THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS. 0 0 101072 94065 MSF'S EXCELLENCE IN ACCOUNTING SCHOLARSHIP OFFERS AN ANNUAL SCHOLARSHIP TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED CANDIDATES WHO INTEND TO ENTER THE ACCOUNTING PROFESSION. MSF AWARDED 40 EXCELLENCE IN ACCOUNTING SCHOLARSHIPS TO COLLEGE STUDENTS IN THE 2024/2025 FISCAL YEAR. THE SCHOLARSHIPS AWARD AMOUNTS VARY, WITH A MAXIMUM AMOUNT OF $2,500 PER AWARD. TO BE ELIGIBLE, COLLEGE STUDENTS MUST BE ACCOUNTING MAJORS, HAVE COMPLETED A MINIMUM OF 60 CREDITS AND MAINTAIN A MINIMUM OF A 3.0 GRADE POINT AVERAGE. STUDENTS MUST ALSO HAVE FILED A FREE APPLICATION FOR FEDERAL STUDENT AID AND BE APPROVED FOR FINANCIAL AID. THE SCHOLARSHIPS ARE NON-RENEWABLE; RECIPIENTS AND CANDIDATES MUST APPLY ANNUALLY. A SCHOLARSHIP COMMITTEE REVIEWS APPLICATIONS AND DETERMINES AWARD RECIPIENTS. 33827 6000 THE CAREER OPPORTUNITIES IN THE ACCOUNTING PROFESSION (COAP) PROGRAM IS A SUMMER PROGRAM HOSTED AT COLLEGE CAMPUSES ACROSS NEW YORK STATE AND FUNDED BY MSF. MSF PROVIDES SCHOLARSHIPS TO PARTICIPANTS OF THE COAP PROGRAM FOR THE PURSUIT OF HIGHER-EDUCATION DEGREES IN ACCOUNTING.THE COAP PROGRAM IS OPEN TO ALL, REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, OR SEX. RECRUITMENT FOCUSES ON GROUPS HISTORICALLY UNDERREPRESENTED IN THE ACCOUNTING PROFESSION. IT AIMS TO EXCITE AND INFORM STUDENT PARTICIPANTS ABOUT CAREERS IN ACCOUNTING AND PROVIDE OPPORTUNITIES TO INTERACT WITH SUCCESSFUL ROLE MODELS WHILE GAINING EXPOSURE TO THE CORPORATE ENVIRONMENT. THE FIRST COAP PROGRAM WAS OFFERED AT PACE UNIVERSITY IN 1987, AND PROGRAMS HAVE EXPANDED SIGNIFICANTLY WITH MORE THAN 97 STUDENTS PARTICIPATING AT VARIOUS COLLEGES ACCROSS THE STATE IN FISCAL YEAR 2024/25. SINCE THE PROGRAM'S INCEPTION OVER 4,469 STUDENTS HAVE GRADUATED FROM THE COAP PROGRAM. MANY OF THESE STUDENTS HAVE GONE ON TO PURSUE CAREERS IN ACCOUNTING OR BUSINESS. DURING THE PROGRAM, WHICH LASTS ONE TO FOUR DAYS, HIGH SCHOOL STUDENTS EXPERIENCE COLLEGE LIFE AND LEARN ABOUT THE ACCOUNTING PROFESSION THROUGH TRIPS TO LOCAL CPA FIRMS AND CORPORATE FINANCE DEPARTMENTS. THEY ALSO PARTICIPATE IN SPECIFICALLY DESIGNED WORKSHOPS AND CLASSES THAT TEACH THEM PERSONAL DEVELOPMENT, COMMUNICATION SKILLS, BUSINESS ETHICS, AND INTERVIEWING SKILLS. STUDENTS ARE ACCEPTED TO THE PROGRAM THROUGH AN APPLICATION PROCESS OVERSEEN BY THE NEW YORK STATE SOCIETY OF CPAS. MSF AWARDED 3 COAP SCHOLARSHIPS IN THE 2024/2025 FISCAL YEAR. 134899 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 EDWARD N LEE CPA TRUSTEE 1.00 X 0 0 0 KEVIN MATZ CPA ESQ TRUSTEE 1.00 10.00 X 0 0 0 LIREN WEI CPA TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL DURANT CPA TRUSTEE 1.00 1.00 X 0 0 0 MICHAEL SANGREGORIO CPA TRUSTEE 1.00 X 0 0 0 NADIA MATTHIE CPA PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 RUMBI PETROZELLO CPA PRESIDENT-ELECT 1.00 X X 0 0 0 TAYLOR BICKLEY CPA TRUSTEE 1.00 X 0 0 0 WILLIAM DRESNACK CPA SECRETARY/TREASURER 1.00 7.00 X X 0 0 0 AMY WILLIAMS CHIEF OPERATING OFFICER 2.25 35.25 X 0 232753 36250 CALVIN HARRIS JR CPA CHIEF EXECUTIVE OFFICER 3.40 34.10 X 0 412473 66569 PATRICK PAYANO CPA CHIEF FINANCIAL OFFICER 1.00 36.50 X 0 278529 74239 0 923755 177058 0 0 1 0 0 39024 80390 119414 75742 75742 1290504 1196691 93813 93813 93813 17866 39024 27807 -9941 -9941 150 75 75 75 FORGIVENESS OF DEBT 900099 622250 622250 622250 901353 0 0 781939 100065 100065 28142 28142 5533 5533 1426 1144 282 25008 25008 CREDIT CARD FEES 3149 3149 FUNDRAISING EXPENSES 2621 2621 165944 134899 28424 2621 60062 83242 486 757 2767855 2908060 0 230283 2828403 3222342 4709 2665 2800 250 433467 0 440976 2915 X 2230477 3151177 156950 68250 2387427 3219427 2828403 3222342 735409 96591 0 X 0 1 X 1 0 X 350710 408136 342056 69065 119414 1289381 350710 408136 342056 69065 119414 1289381 739221 550160 52864 57243 55288 67053 75742 308190 622250 622250 2219821 0.24780 0.14550 X PUBLIC CHARITY QUALIFICATIONSMOYNIHAN SCHOLARSHIP FUND, INC. QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING: 1. ITS SUPPORT, AS REPORTED FOR 2024, IS 24.78%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I). 2. MOYNIHAN SCHOLARSHIP FUND, INC.WAS FORMED TO SUPPORT THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS.IN AN EFFORT TO ATTRACT NEW AND ADDITIONAL GENERAL PUBLIC AND GOVERNMENTAL FUNDING ON A CONTINUOUS BASIS, MOYNIHAN SCHOLARSHIP FUND, INC. SEEKS TO RAISE FUNDS FROM THE GENERAL PUBLIC BY CONTINUING TO HOLD FUNDRAISING EVENTS THIS UPCOMING FISCAL YEAR TO RAISE MORE FUNDS FROM THE GENERAL PUBLIC. THEREFORE, IT MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(II).3. MOYNIHAN SCHOLARSHIP FUND, INC. PUBLIC SUPPORT AT 24.78%, IS ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III)(A). 4. IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), MOYNIHAN SCHOLARSHIP FUND, INC. HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM A SINGLE DONOR. IN THIS RESPECT, MOYNIHAN SCHOLARSHIP FUND, INC.MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B). SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FORGIVENESS OF DEBT - 2024 AMOUNT: $ 622,250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68250 68250 68250 68250 68250 68250 68250 68250 68250 68250 1.00000 0 0 0 DUE FROM RELATED PARTIES 230283 230283 X 11051707 96591 435350 9618673 10150614 901093 28142 -27882 260 901353 10996562 435350 10423410 10858760 137802 28142 28142 165944 PART V, LINE 4: THE ENDOWMENT IS SET ASIDE TO FUND CERTAIN PROGRAMS OF THE ORGANIZATION. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF MAY 31, 2025 AND 2024, 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 2022 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 12,017,832. INTERCOMPANY ELIMINATIONS -2,399,159. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -27,882. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' EXPENSES 12,794,686. INTERCOMPANY ELIMINATIONS -2,399,158. FUNDRAISING EXPENSES 27,882. GALA & SILENT AUCTION 32945 25259 7686 900 3950 7500 800 2927 GOLF OUTING 17995 11215 6780 492 2470 4145 1223 1 5950 2550 3400 3400 56890 39024 17866 1392 9820 11645 800 4150 27807 -9941 1 EXCELLENCE IN ACCOUNTING SCHOLARSHIP 40 87565 COAP SCHOLARSHIP 3 6000 AICPA -DIVERSITY SCHOLARSHIP FUND 1 5000 ANCHIN MEMORIAL FUND SCHOLARSHIP 2 750 BLOCK FUND SCHOLARSHIP AWARD 2 750 PART I, LINE 2: THROUGH A FORMAL APPLICATION AND SELECTION PROCESS, CANDIDATES ARE CHOSEN TO RECEIVE SCHOLARSHIP AWARDS TO FURTHER THEIR COLLEGE STUDIES. THE LIST OF CANDIDATES IS APPROVED BY THE TRUSTEES OF MOYNIHAN SCHOLARSHIP FUND, INC. CHECKS ARE THEN SENT DIRECTLY TO THE COLLEGES AND APPLIED TOWARD UNIVERSITY CHARGES ON THE STUDENTS' BEHALF. THE STUDENT MUST SUBMIT PROOF OF A 3.0 GPA. 0 0 0 0 0 0 0 0 0 CALVIN HARRIS JR CPA CHIEF EXECUTIVE OFFICER 0 375725 0 35000 0 1748 0 21773 0 44796 0 479042 0 0 PATRICK PAYANO CPA CHIEF FINANCIAL OFFICER 0 277719 0 0 0 810 0 20227 0 54012 0 352768 0 0 AMY WILLIAMS CHIEF OPERATING OFFICER 0 231801 0 0 0 952 0 19149 0 17101 0 269003 0 0 PART I, LINE 3: THE CEO'S COMPENSATION IS ESTABLISHED BY A RELATED ORGANIZATION, THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (NYCPA). THE METHODS USED BY NYCPA TO DETERMINE COMPENSATION ARE: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY, AND APPROVAL BY BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS THE SOLE MEMBER OF MOYNIHAN SCHOLARSHIP FUND, 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 DIRECTORS. 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 DIRECTOR OF THE ORGANIZATION WITH OR WITHOUT CAUSE, AND TO FILL ANY VACANCIES ARISING FROM ANY CIRCUMSTANCES ON THE BOARD OF DIRECTORS. 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 MSF 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 NYCPA 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 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 131101547 PROFESSIONAL SOCIETY NY 501(C)(6) N/A 0 FOUNDATION FOR ACCOUNTING EDUCATION INC 200 MADISON AVENUE 11TH FLOOR NEW YORK NY 10016 237171151 EDUCATION NY 501(C)(3) LINE 10 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0