Nonprofit · EIN 22-2291384
NJCPA SCHOLARSHIP FUND
Tax-exempt · ROSELAND, NJ 07068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $391,104 | $295,167 | $95,937 | $3,024,965 | $186,499 | $2,838,466 |
| May 31, 2024 | 990 | $364,626 | $335,886 | $28,740 | $2,824,790 | $195,706 | $2,629,084 |
| May 31, 2023 | 990 | $619,373 | $406,982 | $212,391 | $2,526,558 | $225,749 | $2,300,809 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $294,736
- Program service revenue
- $10,500
- Investment income
- $85,868
- Net gain from sales of assets
- $14,672
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $167,985
- Compensation of officers, directors and key employees
- $15,109
- Other salaries and wages
- $37,519
- Salaries, compensation and benefits (total)
- $64,154
- Professional fundraising fees
- $0
- Occupancy
- $5,084
- Depreciation
- $1,611
- Program services (functional)
- $232,404
- Management and general (functional)
- $54,088
- Fundraising (functional)
- $8,675
Balance sheet and other
- Total assets, start of year
- $2,824,790
- Total assets, end of year
- $3,024,965
- Total liabilities, end of year
- $186,499
- Net assets, end of year
- $2,838,466
- Publicly traded securities
- $2,546,190
- Net assets with donor restrictions
- $2,838,466
- Gross receipts
- $744,983
- Employees
- 0
- Volunteers
- 339
- Year formed
- 1960
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AIYSHA JOHNSON | VICE PRESIDENT Trustee or director, Officer | 3 | $6,455 | $316,274 | $28,687 |
| GREG TONDI | DIR. OF FIN. & ADMIN Officer | 1.5 | $6,155 | $147,717 | $28,594 |
| ANGELA GAROFALO | PRESIDENT Trustee or director, Officer | 1.2 | $0 | $0 | $0 |
| BAYAAN A OLUYADI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN M SZCZOMAK | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSEPH A MCGRATH JR | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSEPH W ZAPF | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JUNE TOTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN J LEE | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| PATRICK CHONG | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| REYNOLD PETER CICALESE III | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT A FODERA | TREASURER Trustee or director, Officer | 0.8 | $0 | $0 | $0 |
| THOMAS PEDERSEN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended May 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RALPH ALBERT THOMAS | VICE PRESIDENT (THRU 06/2023) Trustee or director, Officer | 1 | $4,938 | $234,535 | $25,623 |
| AIYSHA JOHNSON | VICE PRESIDENT (AS OF 06/23) Trustee or director, Officer | 1 | $3,287 | $156,126 | $10,943 |
| HENRIETTA G FUCHS | PRESIDENT Trustee or director, Officer | 1.2 | $0 | $0 | $0 |
| THOMAS PEDERSEN | SECRETARY (AS OF 06/23) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ROBERT A FODERA | TREASURER (AS OF 6/23) Trustee or director, Officer | 0.8 | $0 | $0 | $0 |
| TARA BALDWIN | TRUSTEE (AS OF 6/23 - THRU 5/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| ANGELA GAROFALO | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KAREN LEE | TRUSTEE (AS OF 6/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSEPH MCGRATH | TRUSTEE (AS OF 6/23 - THRU 5/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| EDWARD G O'CONNELL | TRUSTEE (AS OF 6/23 - THRU 5/24) Trustee or director | 0.5 | $0 | $0 | $0 |
| BAYAAN A OLUYADI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JEANETTE RAMOS-ALEXANDER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JUNE TOTH | TRUSTEE (AS OF 6/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSEPH ZAPF | TRUSTEE (AS OF 6/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| GREG TONDI | DIR. OF FIN. & ADMIN (AS OF 01/24) Officer | 1.5 | $0 | $0 | $0 |
990 for the year ended May 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RALPH ALBERT THOMAS | VICE PRESIDENT Trustee or director, Officer | 1 | $8,106 | $385,031 | $39,496 |
| GORDON C SMITH | CFO (THRU 6/22) Officer | 1.5 | $4,628 | $101,811 | $6,266 |
| HENRIETTA G FUCHS | PRESIDENT Trustee or director, Officer | 1.2 | $0 | $0 | $0 |
| JENNIFER R PEOPLES | TREASURER Trustee or director, Officer | 0.8 | $0 | $0 | $0 |
| SUSAN D GOLA | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TARA BALDWIN | TRUSTEE (AS OF 6/22- THRU 5/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| ROBERT A FODERA | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| ANGELA GAROFALO | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSEPH MCGRATH | TRUSTEE (AS OF 6/22- THRU 5/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| EDWARD G O'CONNELL | TRUSTEE (AS OF 6/22- THRU 5/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| BAYAAN A OLUYADI | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS PEDERSEN | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| KATHLEEN F POWERS | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
| JEANETTE RAMOS-ALEXANDER | TRUSTEE Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 105 EISENHOWER PKWY STE 300, ROSELAND, NJ 07068-1640
- In care of
- % GORDON C SMITH
- Principal officer (990 for 2024)
- AIYSHA JOHNSON, 105 EISENHOWER PARKWAY 300, ROSELAND, NJ 07068
- Signed the 990
- AIYSHA JOHNSON, CEO AND EXECUTIVE DIRECTOR
- Phone
- (973) 226-4494
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
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.
Program accomplishments
- 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.Expenses $220,655 · grants $167,985
- 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.Expenses $11,749 · revenue $10,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2291384
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,024,965
- Income (IRS master file)
- $744,983
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $391,104 | $295,167 | $3,024,965 | XML |
| 990 | May 2024 | $364,626 | $335,886 | $2,824,790 | XML |
| 990 | May 2023 | $619,373 | $406,982 | $2,526,558 | XML |
| 990 | May 2022 | $328,200 | $446,843 | $2,746,310 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2291384).
Questions about NJCPA SCHOLARSHIP FUND
- What is the EIN of NJCPA SCHOLARSHIP FUND?
- The employer identification number (EIN) of NJCPA SCHOLARSHIP FUND is 22-2291384.
- Is NJCPA SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to NJCPA SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NJCPA SCHOLARSHIP FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NJCPA SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NJCPA SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of NJCPA SCHOLARSHIP FUND?
- The 990 for the year ended May 31, 2025 names AIYSHA JOHNSON.
- Who are the officers and directors of NJCPA SCHOLARSHIP FUND?
- The 990 for the year ended May 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $6,455 (AIYSHA JOHNSON, VICE PRESIDENT).
- How much revenue does NJCPA SCHOLARSHIP FUND have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $391,104, expenses of $295,167 and total assets of $3,024,965 at year end.
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