2026-04-15T19:50:58-05:00 2025-05-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-06-01 222291384 NJCPA SCHOLARSHIP FUND NJCP 9732264494 105 EISENHOWER PARKWAY 300 ROSELAND NJ 07068 AIYSHA JOHNSON CEO AND EXECUTIVE DIRECTOR 9732264494 2026-04-15 1 1 LORI ROTHE YOKOBOSKY P01273422 9732283500 2026-04-06 2024 2025-03-06 01:10:19Z AIYSHA JOHNSON 105 EISENHOWER PARKWAY 300 ROSELAND NJ 07068 744983 0 X WWW.NJCPA.ORG/GIVE-BACK/SCHOLARSHIP-FUND X 1960 NJ TO ATTRACT THE BEST & THE BRIGHTEST OF NJ STUDENTS & RESIDENTS TO THE ACCOUNTING PROFESSION & TO SUPPORT ATTAINING THE CPA DESIGNATION. 12 11 0 339 0 0 317852 294736 9000 10500 37774 85868 0 0 364626 391104 218200 167985 0 0 61314 64154 0 0 8675 56372 63028 335886 295167 28740 95937 2824790 3024965 195706 186499 2629084 2838466 THE MISSION OF THE SCHOLARSHIP FUND IS TO ATTRACT THE BEST AND THE BRIGHTEST OF NEW JERSEY STUDENTS AND RESIDENTS INTO THE ACCOUNTING PROFESSION AND TO SUPPORT ATTAINING THE CERTIFIED PUBLIC ACCOUNTANT DESIGNATION. 0 0 220655 167985 IN SUPPORT OF THE NJCPA SCHOLARSHIP FUND'S MISSION OF PROVIDING SCHOLARSHIPS TO STUDENTS PURSUING AN UNDERGRADUATE OR GRADUATE DEGREE IN ACCOUNTING, THE FUND AWARDED SCHOLARSHIPS TO 42 STUDENTS DURING THE FILING PERIOD. THE FUND, THROUGH ITS SUPPORT OF LIKE-MINDED ORGANIZATIONS, ALSO SUPPORTED MINORITY ACCOUNTING STUDENTS. 11749 10500 THE ACCELERATING SCHOLARS IN ACCOUNTING PROGRAM IS A ONE-DAY PROGRAM DESIGNED TO EMPOWER NEW JERSEY'S COLLEGE ACCOUNTING STUDENTS. THROUGH INTERACTIVE WORKSHOPS, ENGAGING DISCUSSIONS, AND VALUABLE NETWORKING OPPORTUNITIES, STUDENTS WILL GAIN THE SKILLS AND KNOWLEDGE NECESSARY TO LAUNCH SUCCESSFUL CAREERS. THIS PROGRAM IS MADE POSSIBLE BY THE GENEROUS SUPPORT OF FIRMS. 232404 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X GREG TONDI 9732264494 105 EISENHOWER PARKWAY ROSELAND NJ 07068 AIYSHA JOHNSON VICE PRESIDENT 3.00 57.00 X X 6455 316274 28687 ANGELA GAROFALO PRESIDENT 1.20 0.00 X X 0 0 0 BAYAAN A OLUYADI TRUSTEE 0.50 0.00 X 0 0 0 JOHN M SZCZOMAK TRUSTEE 0.50 9.00 X 0 0 0 JOSEPH A MCGRATH JR TRUSTEE 0.50 0.00 X 0 0 0 JOSEPH W ZAPF TRUSTEE 0.50 0.00 X 0 0 0 JUNE TOTH TRUSTEE 0.50 14.00 X 0 0 0 KAREN J LEE TRUSTEE 0.50 0.00 X 0 0 0 PATRICK CHONG TRUSTEE 0.50 0.00 X 0 0 0 REYNOLD PETER CICALESE III TRUSTEE 0.50 0.00 X 0 0 0 ROBERT A FODERA TREASURER 0.80 0.00 X X 0 0 0 THOMAS PEDERSEN SECRETARY 0.50 0.00 X X 0 0 0 GREG TONDI DIR. OF FIN. & ADMIN 1.50 45.50 X 6155 147717 28594 12610 463991 57281 0 0 1 0 0 116463 178273 294736 ACCOUNTING SCHOLARS EV 611430 10500 10500 10500 71196 71196 368551 353879 14672 14672 14672 391104 10500 0 85868 5000 5000 162985 162985 15109 3629 7851 3629 37519 22182 13564 1773 1991 995 797 199 9535 5271 3453 811 15971 15971 5047 2943 1780 324 4856 2832 1713 311 2325 1356 820 149 5084 2965 1793 326 26990 20638 5375 977 1611 940 568 103 937 461 403 73 207 207 295167 232404 54088 8675 336881 356173 1500 2000 2362870 2546190 123039 121102 2824790 3024965 195706 186499 195706 186499 X 2629084 2838466 2629084 2838466 2824790 3024965 95937 113445 0 X 0 1 X 1 0 X 178459 204506 226787 317852 294736 1222340 178459 204506 226787 317852 294736 1222340 180101 1042239 43071 74233 52125 61650 71196 302275 1524615 19500 0.68360 0.71090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 7263689 113445 6775111 6888556 375133 15971 15971 391104 7270307 6991111 6991111 279196 15971 15971 295167 PART X, LINE 2: GUIDANCE IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE NJCPA AND AFFILIATES HAVE CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE NJCPA AND AFFILIATES HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATIONS REVENUES 6,892,326. ELIMINATIONS -117,215. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATIONS EXPENSES 7,108,326. ELIMINATIONS -117,215. 1 SCHOLARSHIP AWARDS TO STUDENTS OF ACCOUNTING 40 161485 CPA EXAM FEES LOTTERY WINNERS 2 1500 SCHEDULE I, PART I, LINE 2: IN THE CASE OF GRANTS TO INDIVIDUALS, PAYMENTS ARE GENERALLY MADE DIRECTLY TO THE COLLEGE OR UNIVERSITY TO BE APPLIED TO TUITION. IN THE FEW CASES WHERE PAYMENTS ARE MADE TO THE STUDENTS, SUBSTANTIATION IS REQUIRED FOR THE USE OF THE FUNDS. IN THE CASE OF ORGANIZATIONAL GRANTS, ONGOING COMMUNICATION WITH THE GRANTEES ENSURES THAT THE FUNDS ARE USED AS INTENDED. 0 0 0 0 0 0 0 1 0 AIYSHA JOHNSON VICE PRESIDENT 6084 298099 310 15190 61 2985 371 18187 205 10015 7031 344476 0 0 GREG TONDI DIR. OF FIN. & ADMIN 5914 141945 214 5136 27 636 343 8229 805 19314 7303 175260 0 0 PART I, LINE 7 THE ARRANGEMENT FOR NON-FIXED PAYMENTS TO THE VICE PRESIDENT WHO IS ALSO THE CEO & EXECUTIVE DIRECTOR (CEO) OF THE NJCPA, IS DETAILED IN HER CONTRACT AS FOLLOWS: THE VARIABLE COMPENSATION IS BASED UPON PERFORMANCE AND ACHIEVEMENT OF MUTUALLY AGREED UPON GOALS AND PERFORMANCE MEASUREMENTS TO BE USED IN DETERMINING WHETHER THE CEO IS ENTITLED TO A BONUS. THE DETERMINATION OF WHETHER TO GRANT VARIABLE COMPENSATION IN ANY GIVEN YEAR WILL BE IN THE SOLE DISCRETION OF THE NJCPA AS DETERMINED BY THE NJCPA EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO. IN THE EVENT THAT THE NJCPA DECIDES TO GRANT VARIABLE COMPENSATION, SUCH VARIABLE COMPENSATION SHALL BE UP TO 15% OF THE CEO'S ANNUAL BASE COMPENSATION. THE ACTUAL PERCENTAGE FOR 2025 WAS 4%. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE VICE PRESIDENT AND AS NEEDED BY OTHER MEMBERS OF MANAGEMENT OF THE NJCPA. ONE OF THE RESPONSIBILITIES OF THE AUDIT COMMITTEE IS TO REVIEW THE 990 PRIOR TO FILING. THE COMMITTEE'S REVIEW IS INTENDED TO ASSESS THE ADEQUACY OF THE PROCESS USED TO PREPARE THE FORM, AND INCLUDES A REVIEW OF THE FORM ITSELF, PARTICULARLY THE NARRATIVE PORTIONS, FOR CONSISTENCY WITH THE FUND'S MISSION, PUBLIC IMAGE, AND INTERNAL POLICIES AND PROCEDURES. THE AUDIT COMMITTEE REPORTS THE RESULTS OF ITS ASSESSMENT TO THE BOARD OF TRUSTEES, AND EACH TRUSTEE RECEIVES A COPY OF THE FORM PRIOR TO FILING. AN ACCOUNTING FIRM IS ENGAGED TO PREPARE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE MEMBERS OF THE BOARD OF TRUSTEES, OTHER VOLUNTEER LEADERS AND STAFF SIGN AN ACKNOWLEDGEMENT OF THE NJCPA CODE OF CONDUCT. WITHIN THE CODE THEY INDICATE ANY CONFLICTS OF INTEREST. NOTED CONFLICTS ARE REVIEWED AT THE MEETINGS OF THE BOARD OF TRUSTEES AND A PETITION FOR DISCLOSURE OF ANY NEW CONFLICTS IS PUT FORTH AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION'S SALARIES AND BENEFITS ARE PAID BY A COMMON PAYMASTER, THE NJ SOCIETY OF CPAS. THE RELEVANT PROCEDURES OF THE COMMON PAYMASTER ARE AS FOLLOWS: FOR FISCAL YEAR 2025, THE NJ SOCIETY OF CPAS (NJCPA) EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO & EXECUTIVE DIRECTOR (CEO), COMPLETED AN ANNUAL PERFORMANCE REVIEW AND ESTABLISHED THE COMPENSATION PACKAGE OF THE CEO (SEE BELOW). IN ADDITION, IT REVIEWED MANAGEMENT'S EVALUATION AND COMPENSATION PROCESS FOR STAFF. THE COMMITTEE ALSO REVIEWED AND RATIFIED SALARY INCREASES AND VARIABLE COMPENSATION FOR THE CHIEF OPERATING OFFICER (SEE BELOW), THE CHIEF FINANCIAL OFFICER, THE CHIEF LEARNING OFFICER AND OTHER SENIOR MANAGEMENT. THE NJCPA ANNUALLY ENGAGES A COMPENSATION FIRM TO REVIEW THE MARKET PRICING FOR ONE THIRD OF ITS STAFF POSITIONS, ENSURING THAT EVERY POSITION WILL BE COMPARED TO MARKET EVERY THREE YEARS. THE NJCPA STRIVES FOR COMPENSATION TO REFLECT MARKET, INDIVIDUAL PERFORMANCE AND THE SUCCESS OF THE NJCPA IN MEETING ITS GOALS AND OBJECTIVES. THE NJCPA COMPENSATION STRUCTURE INCORPORATES THE USE OF MARKET RANGES FOR EACH POSITION, WHERE MARKET PRICING IS REVIEWED AND ADJUSTED ANNUALLY TO MAINTAIN APPROPRIATE INTERNAL RELATIONSHIPS AND MARKET CONDITIONS. THE CEO PERFORMED THE ANNUAL PERFORMANCE EVALUATION OF THE CHIEF OPERATING OFFICER (COO). SHE USED THE REPORT OF THE INDEPENDENT CONSULTANT ALONG WITH THE RESULTS OF THE PERFORMANCE EVALUATION TO SET THE SALARY AND VARIABLE COMPENSATION OF COO AND INFORMED THE NJCPA EXECUTIVE COMMITTEE OF THE SAME. THE NJCPA EXECUTIVE COMMITTEE RATIFIED THE COO'S SALARY AND VARIABLE COMPENSATION. THE NJCPA EXECUTIVE COMMITTEE REVIEWED THE PERFORMANCE OF THE CEO. THAT PROCESS INCLUDED A SELF EVALUATION BY THE CEO AND INDEPENDENT EVALUATIONS BY EACH MEMBER OF THE EXECUTIVE COMMITTEE. THE COMMITTEE ALSO REVIEWED THE REPORT OF THE INDEPENDENT CONSULTANT AND CONSULTED WITH COMPARABLE NONPROFIT ASSOCIATIONS REGARDING COMPENSATION AND PERFORMANCE MEASURES. THIS INFORMATION WAS THEN USED TO SET THE ANNUAL BASE COMPENSATION FOR THE YEAR BEGINNING JUNE 1, 2024 AND VARIABLE COMPENSATION FOR THE PRECEDING YEAR. THE COMMITTEE PREPARED A WRITTEN REPORT OF ITS EVALUATION AND DELIBERATIONS PERTAINING TO THE CEO'S PERFORMANCE AND ALL DECISIONS MADE WITH REGARD TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONDENSED FINANCIAL STATEMENTS ARE INCLUDED IN AN ANNUAL REPORT WHICH IS POSTED ON THE NJCPA WEBSITE (WWW.NJCPA.ORG) AND PUBLISHED IN THE NOVEMBER/DECEMBER ISSUE OF NEW JERSEY CPA MAGAZINE. COMPLETE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION. NEW JERSEY SOCIETY OF CPAS 105 EISENHOWER PKWY STE 300 ROSELAND NJ 07068 221153915 PROFESSIONAL NJ 501(C)(6) N/A 0 NJCPA EDUCATION FOUNDATION INC 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 223100961 EDUCATIONAL NJ 501(C)(3) LINE 10 NJSCPA 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 NEW JERSEY SOCIETY OF CPAS M 64154 FMV NEW JERSEY SOCIETY OF CPAS O 64154 FMV NEW JERSEY SOCIETY OF CPAS S 79363 FMV