Nonprofit · EIN 58-6043271
EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC
Tax-exempt · ALPHARETTA, GA 30004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $239,819 | $208,642 | $31,177 | $3,297,541 | $0 | $3,297,541 |
| May 31, 2024 | 990 | $254,249 | $178,069 | $76,180 | $3,151,837 | $0 | $3,151,837 |
| May 31, 2023 | 990 | $131,678 | $173,240 | -$41,562 | $2,878,271 | $10,978 | $2,867,293 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $186,177
- Program service revenue
- $0
- Investment income
- $66,965
- Net income from fundraising events
- -$15,323
- Other revenue
- -$13,323
Expenses
- Grants and similar amounts paid
- $179,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,069
- Program services (functional)
- $185,250
- Management and general (functional)
- $23,392
Balance sheet and other
- Total assets, start of year
- $3,151,837
- Total assets, end of year
- $3,297,541
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,297,541
- Publicly traded securities
- $3,170,217
- Net assets without donor restrictions
- $796,246
- Net assets with donor restrictions
- $2,501,295
- Gross receipts
- $262,362
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1957
- State of legal domicile
- GA
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 |
|---|---|---|---|
| Will T Lazenby | President Trustee or director, Officer | 1 | $0 |
| Phillip B Buelterman | President-Elect Trustee or director, Officer | 1 | $0 |
| Timothy R Veal | Treasurer Trustee or director, Officer | 1 | $0 |
| Jack Milner | Secretary Trustee or director, Officer | 1 | $0 |
| Daniel A Landis | Director Trustee or director | 1 | $0 |
| Tabitha L Regan | Director Trustee or director | 1 | $0 |
| Chelsea Ashcroft | Director Trustee or director | 1 | $0 |
| Jennifer Miller | Director Trustee or director | 1 | $0 |
| Colin E Blalock | Director Trustee or director | 1 | $0 |
| Sondra L Smith | Director Trustee or director | 1 | $0 |
| Christopher L Lewis | Director Trustee or director | 1 | $0 |
| Debra L McGlaun | Director Trustee or director | 1 | $0 |
| Charlie J Merritt | Director Trustee or director | 1 | $0 |
| Douglas A Moses | Director Trustee or director | 1 | $0 |
| Susan M Robinson | Director Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert E Schwarzmann | Director Trustee or director | 1 | $0 |
| Randall L Shrum | Director Trustee or director | 1 | $0 |
| Geoffrey P Smith | Director Trustee or director | 1 | $0 |
| L D Jr Sneathen | Director Trustee or director | 1 | $0 |
| Darrell J Thaw | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Maliece S Whatley | President Trustee or director, Officer | 1 | $0 |
| Will T Lazenby | President-Elect Trustee or director, Officer | 1 | $0 |
| Phillip B Buelterman | Treasurer Trustee or director, Officer | 1 | $0 |
| Timothy R Veal | Secretary Trustee or director, Officer | 1 | $0 |
| Chelsea Ashcroft | Director Trustee or director | 1 | $0 |
| Jason Blair | Director Trustee or director | 1 | $0 |
| Colin E Blalock | Director Trustee or director | 1 | $0 |
| Lawrence M Cohen | Director Trustee or director | 1 | $0 |
| Christopher L Lewis | Director Trustee or director | 1 | $0 |
| Debra L McGlaun | Director Trustee or director | 1 | $0 |
| Charlie J Merritt | Director Trustee or director | 1 | $0 |
| William J Merritt | Director Trustee or director | 1 | $0 |
| Jack Milner | Director Trustee or director | 1 | $0 |
| Douglas A Moses | Director Trustee or director | 1 | $0 |
| Tabitha L Regan | Director Trustee or director | 1 | $0 |
| Susan M Robinson | Director Trustee or director | 1 | $0 |
| Robert E Schwarzmann | Director Trustee or director | 1 | $0 |
| Randall L Shrum | Director Trustee or director | 1 | $0 |
| Geoffrey P Smith | Director Trustee or director | 1 | $0 |
| L D Jr Sneathen | Director Trustee or director | 1 | $0 |
| Darrell J Thaw | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ABRIEL A DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MALIECE S WHATLEY | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| WILL T LAZENBY | TREASURER Trustee or director, Officer | 1 | $0 |
| TABITHA L REGAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON BLAIR | DIRECTOR Trustee or director | 1 | $0 |
| COLIN E BLALOCK | DIRECTOR Trustee or director | 1 | $0 |
| PHILLIP B BUELTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE M COHEN | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER L LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| J M MCCOMB | DIRECTOR Trustee or director | 1 | $0 |
| CHARLIE J MERRITT | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM J MERRITT | DIRECTOR Trustee or director | 1 | $0 |
| JACK MILNER | DIRECTOR Trustee or director | 1 | $0 |
| DOUGLAS A MOSES | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN M ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| RANDALL L SHRUM | DIRECTOR Trustee or director | 1 | $0 |
| GEOFFREY P SMITH | DIRECTOR Trustee or director | 1 | $0 |
| L D JR SNEATHEN | DIRECTOR Trustee or director | 1 | $0 |
| DARRELL J THAW | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY R VEAL | DIRECTOR Trustee or director | 1 | $0 |
| RANDALL M WEBB | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5405 WINDWARD PKWY STE 300, ALPHARETTA, GA 30004-4668
- Principal officer (990 for 2024)
- Boyd Search, 5405 Windward Pkwy Suite 300, Alpharetta, GA 30004
- Signed the 990
- Boyd Search, CEO
- Phone
- (404) 504-2946
- Return prepared by
- Aprio Advisory Group LLC
Mission
To encourage the best and the brightest individuals in Georgia to become Certified Public Accountants.
Program accomplishments
- Direct scholarships to students: Awarded to deserving students ranging in amounts from $1,000 to $5,000. Students are rising college juniors, seniors, or graduate students who demonstrate a commitment to pursuing a career in accounting. Each recipient must be a Georgia resident, accounting major, and maintain an overall stated grade point average (GPA).Expenses $155,000 · grants $155,000
- Chapter matching scholarship awards program:Awarded to deserving students through GSCPA chapters ranging in amounts from $500 to $2,000 to rising junior and senior undergraduate accounting students and graduate students enrolled in a master's level accounting or business administration program. Each recipient must be a Georgia resident and maintain a stated overall GPA.Expenses $19,000 · grants $19,000
- Academic excellence award scholarships:Awarded to deserving students who achieve the highest GPA at their college or university ranging in amounts from $250 to $500.Expenses $5,000 · grants $5,000
- Expenses $6,250
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
- 58-6043271
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41I)
- Assets (IRS master file)
- $3,297,541
- Income (IRS master file)
- $262,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $239,819 | $208,642 | $3,297,541 | XML |
| 990 | May 2024 | $254,249 | $178,069 | $3,151,837 | XML |
| 990 | May 2023 | $131,678 | $173,240 | $2,878,271 | XML |
| 990 | May 2022 | -$12,110 | $143,738 | $3,001,488 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 58-6043271).
Questions about EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC
- What is the EIN of EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC?
- The employer identification number (EIN) of EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC is 58-6043271.
- Is EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC 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 EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC 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 EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC 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 EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC?
- The 990 for the year ended May 31, 2025 names Boyd Search.
- Who are the officers and directors of EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC?
- The 990 for the year ended May 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does EDUCATIONAL FOUNDATION OF THE GEORGIA SOCIETY OF CPAS INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $239,819, expenses of $208,642 and total assets of $3,297,541 at year end.
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