2026-03-13T12:18:03-05:00 2025-04-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2024-05-01 815449140 PENNSYLVANIA CPA FOUNDATION PENN 2154969272 2001 MARKET ST 950 PHILADELPHIA PA 19103 JENNIFER CRYDER CPA MBA CEO, TREASURER 2154969272 2026-03-10 1 0 CONNIE M LIRA P00481097 2156433900 2026-03-10 2024 2025-03-06 01:10:19Z JENNIFER CRYDER CPA MBA 2001 MARKET ST 950 PHILADELPHIA PA 19103 840559 0 X WWW.PICPA.ORG/CPAFOUNDATION X 2017 PA TO INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN ACCOUNTING & SUPPORT THOSE WORKING TO ATTAIN CPA 11 11 0 125 0 0 911473 725941 6400 9800 190092 97618 11600 7200 1119565 840559 190500 138000 0 0 753791 593117 0 0 9015 226828 179703 1171119 910820 -51554 -70261 3416093 3782067 204077 389821 3212016 3392246 X THE PENNSYLVANIA CPA FOUNDATION'S MISSION IS TO INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN ACCOUNTING AND TO PROVIDE EDUCATIONAL, MOTIVATIONAL, AND FINANCIAL SUPPORT TO THOSE WORKING TO ATTAIN THE CERTIFIED PUBLIC ACCOUNTANT (CPA) CREDENTIAL. 0 0 793384 138000 9800 CPAS WORK IN A MYRIAD OF BUSINESSES AND POSSESS A BROAD SPECTRUM OF SKILLS AND KNOWLEDGE. STUDIES SHOW THAT YOUNG PEOPLE WHO ARE EXPOSED TO, AND INFLUENCED BY, CPAS ARE MORE LIKELY TO CONSIDER AN ACCOUNTING CAREER. THE PENNSYLVANIA CPA FOUNDATION PROVIDES OPPORTUNITIES FOR STUDENTS TO LEARN ABOUT CAREER OPTIONS AVAILABLE TO THEM WHEN THEY CHOOSE TO PURSUE AN ACCOUNTING DEGREE. IN ADDITION, THE PENNSYLVANIA CPA FOUNDATION PROVIDES FINANCIAL, EDUCATIONAL, AND CAREER GUIDANCE.A RECORD NUMBER OF STUDENTS HAVE CHOSEN ACCOUNTING AS A MAJOR IN RECENT YEARS, MANY ARE NOT BECOMING CPAS. THIS HAS CREATED A TALENT GAP IN ACCOUNTING FIRMS OF ALL SIZES. LEADERS OF THE PROFESSION CONTINUE TO CITE TALENT ACQUISITION AND RETENTION AS THEIR MOST CRITICAL CHALLENGE. THE PATH TO BECOME A CPA IS NOT AN EASY ONE. BUT WITH THE RIGHT FINANCIAL, EDUCATIONAL, AND MOTIVATIONAL SUPPORT, THE JOURNEY CAN BE LESS ONEROUS. THE PENNSYLVANIA CPA FOUNDATION WORKS TO DELIVER THAT THROUGH CPA EXAM AND LICENSING INFORMATION, UPDATES TO THE CPA EXAM, CPA EXAM SCHOLARSHIP AND AWARENESS PROGRAMING.WHILE MANY OF THE PENNSYLVANIA CPA FOUNDATION'S PROGRAMS REACH AND SUPPORT DISADVANTAGED STUDENTS AMONG PROSPECTIVE CPAS, STUDIES HAVE SHOWN THAT ASPIRING CPAS FROM CHALLENGING BACKGROUNDS TEND TO HAVE ADDITIONAL SOCIOECONOMIC CHALLENGES, AND THEIR LIKELIHOOD OF SUCCESS IN PASSING THE CPA EXAM AND BECOMING LICENSED IS MUCH LOWER. THAT IS WHY THE PENNSYLVANIA CPA FOUNDATION DEVELOPED ADDITIONAL PROGRAMS TARGETING THESE GROUPS, AND THE EMPLOYERS WHO WILL HIRE THEM. SURVEYS SHOW THAT FIRMS AND OTHER EMPLOYERS CONTINUE TO STRUGGLE TO FIND TALENT.TO INSPIRE STUDENTS TO CONSIDER AN ACCOUNTING CAREER, THE FOUNDATION CONNECTED WITH OVER 11,000 HIGH SCHOOL AND COLLEGE STUDENTS AND EDUCATORS THROUGH ITS ACCOUNTING CAREER DISCOVERY, ACCOUNTING OPPORTUNITIES EXPERIENCE, AND ACCOUNTING CAREER DAYS. DURING THESE EVENTS, STUDENTS LEARNED MORE ABOUT CAREERS IN ACCOUNTING THROUGH PRESENTATIONS BY CPAS WHO WORK IN PUBLIC ACCOUNTING, CORPORATE FINANCE, GOVERNMENT, AND EDUCATION, AND STUDENTS WHO ARE CURRENTLY PURSUING AN ACCOUNTING DEGREE WITH THE INTENT ON BECOMING A CPA. PER OUR CAREER DAYS, HIGH SCHOOL STUDENTS REPORTED A 21% INCREASE IN INTEREST IN MAJORING IN ACCOUNTING COMPARED WITH BEFORE THE EVENT. MORE THAN 88% OF STUDENT ATTENDEES COMPLETED THE PROGRAM WITH A POSITIVE VIEW OF ACCOUNTING. TO PROVIDE FINANCIAL ASSISTANCE TO THOSE PURSUING AN ACCOUNTING CAREER, THE FOUNDATION AWARDED $125,000 IN SCHOLARSHIPS TO 122 HIGH SCHOOL AND COLLEGE STUDENTS. TO FURTHER SUPPORT ASPIRING CPAS, AN ADDITIONAL $13,000 WAS AWARDED TO 13 CPA EXAM CANDIDATES TO HELP COVER THE COST OF THE EXAM FEES AND REVIEW COURSE FEES. THE FOUNDATION CONTINUED TO PROVIDE STUDENT SUPPORT AND RESOURCES THROUGH THE STUDENT AMBASSADOR PROGRAM ON PENNSYLVANIA COLLEGE AND UNIVERSITY CAMPUSES. 793384 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 0 1 0 0 0 1 1 1 1 1 1 0 0 0 PA X JENNIFER CRYDER CPA MBA CEO TREASURER 2154969272 2001 MARKET ST STE 950 PHILADELPHIA PA 19103 PAMELA BAKER CPA CHAIR 2.00 0.00 X X 0 0 0 CYNTHIA BERGVALL CPA DIRECTOR 2.00 0.00 X 0 0 0 BARRY BERKOWITZ CPA DIRECTOR 2.00 0.00 X 0 0 0 KEITH BITTEL CPA DIRECTOR 2.00 0.00 X 0 0 0 PAUL DOUGHERTY CPA DIRECTOR 2.00 0.00 X 0 0 0 RYAN LAFFERTY CPA DIRECTOR 2.00 0.00 X 0 0 0 MATTHEW MCNELIS CPA DIRECTOR 2.00 0.00 X 0 0 0 LISA MYERS CPA DIRECTOR 2.00 2.00 X 0 0 0 MARYBETH OLREE CPA DIRECTOR 2.00 0.00 X 0 0 0 JACOB PENG CPA DIRECTOR 2.00 0.00 X 0 0 0 KRISTIN SEEGER CPA DIRECTOR 2.00 0.00 X 0 0 0 JENNIFER CRYDER CPA MBA CEO, TREASURER 5.00 35.00 X 0 408353 54182 ADAM BATCHELOR SECRETARY 2.00 38.00 X 0 245086 46295 CORY NG CPA CFO - LEFT JUL 2024 8.00 36.00 X 0 134899 420 KYLE BICKHART CPA CFO - AS OF JUL 2024 8.00 32.00 X 0 160000 0 0 948338 100897 0 0 1 0 0 457340 268601 725941 EDUCATION PROGRAM 611600 9800 9800 9800 97618 97618 4000 4000 OTHER INCOME 900099 3200 3200 3200 840559 9800 0 104818 138000 138000 554232 487724 60966 5542 17794 15658 1958 178 21091 18561 2319 211 3840 3380 422 38 9248 9248 6314 5556 695 63 1579 1389 174 16 18648 16411 2051 186 27390 24103 3013 274 8421 7411 926 84 CAREERS IN ACCOUNTING 104263 75191 26649 2423 910820 793384 108421 9015 170000 10000 10000 23500 3500 318014 595150 3088079 2979917 3416093 3782067 190500 140316 13577 249505 204077 389821 X -78899 -67530 3290915 3459776 3212016 3392246 3416093 3782067 -70261 250491 0 X 0 1 X 1 0 X X X 1 PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 230959052 10 1 138000 772820 1 138000 772820 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: SEE SCHEDULE A, PART IV, SECTION A, LINE 3B RESPONSE ON SCHEDULE A, PART VI. PART IV, SECTION A, LINE 3B: INITIALLY THE ORGANIZATION CONFIRMED THAT THE SUPPORTED ORGANIZATION SATISFIED THE PUBLIC SUPPORT TEST UNDER 509(A)(2) BY INCLUDING IN ITS FORM 1023 APPLICATION FOR RECOGNITION OF EXEMPTION THE REQUIRED PUBLIC SUPPORT CALCULATIONS RELATIVE TO THE SUPPORTED ORGANIZATION. THE FORM IS UPDATED EACH YEAR TO CONFIRM THE SUPPORTED ORGANIZATION WOULD STILL QUALIFY AS A 509(A)(2) ENTITY. PART IV, SECTION A, LINE 3C: THE SUPPORTED ORGANIZATION AND THE SUPPORTING ORGANIZATION SHARE COMMON MANAGEMENT AND CONTROL TO ENSURE ANY FUNDING RELEASED TO THE SUPPORTING ORGANIZATION IS USED FOR AN ELIGIBLE PURPOSE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 VANGUARD TOTAL BOND MARKET INDEX FUND ADMIRAL SHARES 395602 F VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND ADMIRAL SHARES 1046809 F VANGUARD TOTAL STOCK MARKET INDEX FUND INSTITUTIONAL SHARES 1537506 F 2979917 DUE TO AFFILIATES 249505 249505 X 1081802 250491 250491 831311 9248 9248 840559 901572 0 901572 9248 9248 910820 PART X, LINE 2: THE PA CPA FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3). THE PA CPA FOUNDATION WAS ORGANIZED TO SUPPORT THE PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, AND QUALIFIES AS A TYPE I SUPPORTING ORGANIZATION. TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE PA CPA FOUNDATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE PA CPA FOUNDATION BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS THAT NEED TO BE DISCLOSED IN THE FINANCIAL STATEMENTS. 1 EDUCATIONAL SCHOLARSHIPS 122 125000 N/A N/A CPA EXAM SCHOLARSHIPS 13 13000 N/A N/A PART I, LINE 2: AS PART OF THE APPLICATION PROCESS, APPLICANTS ARE REQUIRED TO SUBMIT RECENT TRANSCRIPTS AS PROOF OF ENROLLMENT AND COURSE CREDITS COMPLETED. APPLICANTS ALSO SUBMIT A RECOMMENDATION FROM FACULTY AS FURTHER SUBSTANTIATION OF THEIR QUALIFICATIONS AND ENROLLMENT STATUS FOR EDUCATIONAL SCHOLARSHIPS. WHILE RECIPIENTS ARE NOT REQUIRED TO SUBMIT RECEIPTS, THEY MUST SIGN AN ACKNOWLEDGMENT CONFIRMING THAT SCHOLARSHIP FUNDS WILL BE USED FOR EXAM OR EDUCATION-RELATED COSTS. PICPA INTRODUCED A NEW SCHOLARSHIP FOR HIGH SCHOOL STUDENTS THAT FUNDS A THREE-CREDIT INTRODUCTION TO ACCOUNTING COURSE. PICPA SUPPORTS SCHOOLS IN IMPLEMENTING THE COURSE, WHILE A THIRD-PARTY ADMINISTRATOR MANAGES STUDENT PROGRESS. DUE TO THE THIRD-PARTY ADMINISTRATOR POLICY, PICPA DOES NOT HAVE ACCESS TO INDIVIDUAL STUDENT NAMES. 0 0 0 0 0 0 0 0 0 JENNIFER CRYDER CPA MBA CEO, TREASURER 0 354985 0 53000 0 368 0 29105 0 25077 0 462535 0 0 ADAM BATCHELOR SECRETARY 0 220884 0 24000 0 202 0 20643 0 25652 0 291381 0 0 KYLE BICKHART CPA CFO - AS OF JUL 2024 0 160000 0 0 0 0 0 0 0 0 0 160000 0 0 PART I, LINE 3 NO COMPENSATION IS PAID BY THE FILING ORGANIZATION. ALL COMPENSATION DISCLOSED ON SCHEDULE J, PART II, IS PAID BY THE PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (PICPA), A RELATED EXEMPT ORGANIZATION. PICPA'S COMPENSATION REVIEW PROCESS INCLUDES THE FOLLOWING: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990S OF OTHER SIMILAR ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE PENNSYLVANIA CPA FOUNDATION SHALL BE THE MEMBERS OF THE BOARD OF DIRECTORS OF THE PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (PICPA), WHILE ACTING AS SUCH DIRECTORS OF PICPA, IN ADDITION TO THE DIRECTORS OF THE PENNSYLVANIA CPA FOUNDATION ELECTED AS PROVIDED FOR IN THE BYLAWS. SUCH DIRECTORS SHALL REMAIN AS MEMBERS DURING THEIR RESPECTIVE TERMS IN OFFICE AS DIRECTOR. EACH MEMBER, HOWEVER SELECTED, SHALL HAVE ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A FOUR OF THE SEATS ON THE PENNSYLVANIA CPA FOUNDATION BOARD ARE FILLED BY PICPA BOARD MEMBERS WHICH ARE APPOINTED BY THE PICPA PRESIDENT. THE REMAINING BOARD MEMBERS WILL BE RECOMMENDED BY THE PICPA NOMINATIONS COMMITTEE AND ELECTED BY THE MEMBERS OF THE PICPA BOARD. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUBCOMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY, THEREFORE THE IRS INSTRUCTIONS REQUIRE FORM 990, PART VI, SECTION A, LINE 8B TO BE ANSWERED NO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND ACKNOWLEDGED ANNUALLY BY THE BOARD MEMBERS AND OFFICERS. THIS WRITTEN CONFLICT OF INTEREST DOCUMENT IS PROVIDED TO EACH OF THE ABOVE INDIVIDUALS AT THE FIRST ORGANIZATIONAL MEETING FOLLOWING THE INSTALLATION OF THE NEW LEADERSHIP AT THE ANNUAL MEETING. A SIGNED ACKNOWLEDGMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MAINTAINED IN THE ORGANIZATION'S HEADQUARTERS AND IS MONITORED AND ENFORCED BY JENNIFER CRYDER, CPA, EXECUTIVE DIRECTOR. IF THERE IS A DISAGREEMENT OR UNCERTAINTY AS TO WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, A FORMAL DETERMINATION WILL BE MADE BY THE BOARD. ALL INDIVIDUALS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY HAVE AN ONGOING DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. IN THE EVENT THAT AN INDIVIDUAL ABOVE HAS A PERSONAL INTEREST OR A CONFLICT OF INTEREST THAT ARISES, IT MUST BE DISCLOSED IN WRITING TO THE CEO/EXECUTIVE DIRECTOR IMMEDIATELY. THEREAFTER, THAT INDIVIDUAL SHALL REFRAIN FROM ANY PORTION OF ANY MEETING WHEN THESE MATTERS ARE DISCUSSED OR CONSIDERED AS THEIR PRESENCE COULD INHIBIT FREE DISCUSSION OF THE MATTER. MINUTES OF APPROPRIATE MEETINGS SHOULD REFLECT THAT SUCH DISCLOSURE WAS MADE, AND THAT SUCH PERSON WAS NOT PRESENT DURING DISCUSSIONS OF, AND ABSTAINED FROM VOTING ON, THE CONFLICT MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE PENNSYLVANIA CPA FOUNDATION DOES NOT COMPENSATE ANY PERSONS. ALL COMPENSATION IS PAID THROUGH THE RELATED PARTY, PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE COMBINED FINANCIAL STATEMENTS ARE ALSO POSTED ON WWW.PICPA.ORG. PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (PICPA) 2001 MARKET ST STE 950 PHILADELPHIA PA 19103 230959052 TO PROVIDE SERVICES TO CPAS THAT WILL AID THEIR CAREERS PA 501(C)(6) N/A 0 PICPA FOUNDATION FOR EDUCATION AND RESEARCH 2001 MARKET ST STE 950 PHILADELPHIA PA 19103 222470981 TO PROVIDE A BROAD SPECTRUM OF HIGH-QUALITY EDUCATIONAL PROGRAMS PA 501(C)(3) LINE 10 PICPA 0 PENNSYLVANIA INSTITUTE OF CPAS INSURANCE TRUST 2001 MARKET ST STE 950 PHILADELPHIA PA 19103 236546724 PROVIDE INSURANCE PLANS TO MEMBERS, THEIR EMPLOYEES & EMPLOYEES OF PICPA PA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS C 457340 CASH PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS O 593117 CASH PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS P 281065 CASH