EIN 13-6169602

American Institute of Certified Public Accountants Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1922
Most recent tax filings
2023-12-01
Description
The AICPA Foundation advances accountancy through diverse programs, scholarships for PhD and minority students, and financial literacy initiatives.
Related structure
American Institute of Certified Public Accountants Foundation is a subordinate organization under American Institute of Certified Public Accountants.
Total revenues
$1,396,709
2023
Total expenses
$2,275,325
2023
Total assets
$8,762,743
2023
Num. employees
0
2023

Program areas at American Institute of Certified Public Accountants Foundation

Accounting education and research: the Foundation provides scholarships to accounting phd students to help address the shortage of phd accounting faculty at colleges and universities. More than 100 ads program scholars enrolled in accounting doctoral programs across the united states.the aicpa Foundation two-year transfer scholarship was established in 2013. This award provides financial assistance to students at two-year colleges studying business, accounting, finance or economics with a declared intent to major in accounting at a four-year college or university. Recipients of the john l. carey scholarship program are given financial assistance for the pursuit of graduate accounting study. The accounting program for building the profession is an effort to train high school educators to teach advanced accounting courses, with a long term goal of achieving the college board's approval of a high school curriculum and examination that is accredited for advanced placement.
The aicpa minority accounting scholarships provide financial awards to outstanding minority students showing significant potential to become cpas. The Foundation's minority doctoral fellowship program ensures that cpas of diverse backgrounds are visible in college and university classrooms and serve as role models and mentors to young people who are planning their education and careers.

Who funds American Institute of Certified Public Accountants Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Accounting Education FoundationMinority Scholarships$10,000
Njcpa Scholarship FundGeneral Support$5,500
AmazonSmile FoundationGeneral Support$174

Personnel at American Institute of Certified Public Accountants Foundation

NameTitleCompensation
Timothy LaspalutoAssistant Treasurer$0
Frederick NiswanderPast Treasurer$0
Theresa GoldenPresident$0
Joanne FioreFormer Secretary$0
Ernie AlmontePresident$0
...and 10 more key personnel

Financials for American Institute of Certified Public Accountants Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,112,393
Program services$0
Investment income and dividends$220,862
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$76,078
Net income from fundraising events$-12,624
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,396,709

Form 990s for American Institute of Certified Public Accountants Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-10990View PDF
2022-122023-10-14990View PDF
2021-122022-09-09990View PDF
2020-122021-05-24990View PDF
2019-122021-02-24990View PDF
...and 10 more Form 990s
Data update history
November 30, 2023
Updated personnel
Identified 9 new personnel
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from Ernst & Young Foundation
June 12, 2023
Received grants
Identified 3 new grant, including a grant for $152,400 from American Institute of Certified Public Accountants
October 2, 2021
Received grants
Identified 4 new grant, including a grant for $350,000 from American Institute of Certified Public Accountants
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
Political advocacyFundraising eventsProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
220 Leigh Farm Rd
Durham, NC 27707
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
aicpa-cima.com/ 
Phone
(919) 402-4500
IRS details
EIN
13-6169602
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1922
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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