EIN 36-4261924

CPA Endowment Fund of Illinois

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1998
Most recent tax filings
2024-03-01
Description
Encourages accounting as a career, provides scholarships to Illinois accounting students, and supports diversity and outreach programs.
Related structure
CPA Endowment Fund of Illinois is a subordinate organization under Illinois CPA Society.
Total revenues
$579,912
2024
Total expenses
$472,808
2024
Total assets
$5,754,024
2024
Num. employees
0
2024

Program areas at CPA Endowment Fund of Illinois

Scholarships: for high-achieving accounting students at Illinois universities who demonstrate a commitment to becoming a CPA. Scholarships are primarily awarded to students in their fourth and fifth year of study, as the fifth year can be a significant hurdle for bright and motivated young people striving to join the CPA profession. Certain scholarships are designated for minority and women students to increase diversity in the profession and support future women leaders. CPA exam award: for many accounting students and new graduates, the cost of the CPA examination can be an obstacle in their journey to become cpas. This financial award reimburses qualified candidates for the nasba fee.
Student ambassadors: Fund innovative outreach program through which accounting students on multiple Illinois campuses reach out to their peers and high school students to interest them in pursuing the CPA. Ambassadors hold information sessions about the CPA exam and career options for cpas, promote scholarship opportunities, and nurture personal and professional support networks among future cpas.
Mary t. Washington wylie internship preparation program: launches black / african american and other racial / ethnic minority college students into the accounting profession with access to training, resources, and mentors. At the end of the program, employers interview partcipants for a variety of internships and full-time jobs.

Who funds CPA Endowment Fund of Illinois

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Forvis FoundationGeneral Purpose$10,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$6,800
Alverin M Cornell FoundationGeneral Charitable Purposes$2,500
...and 3 more grants received

Personnel at CPA Endowment Fund of Illinois

NameTitleCompensation
Geoffrey BrownPresident and Chief Executive Officer$0
Todd ShapiroFormer President and Chief Executive Officer$0
Jennifer SchultzChief Operating Officer and Chief Financial Officer$0
Jason ParishDirector - Vice President$0
Kimberley WaiteDirector - President$0
...and 2 more key personnel

Financials for CPA Endowment Fund of Illinois

RevenuesFYE 03/2024
Total grants, contributions, etc.$267,939
Program services$0
Investment income and dividends$151,800
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$160,173
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$579,912

Form 990s for CPA Endowment Fund of Illinois

Fiscal year endingDate received by IRSFormPDF link
2024-032024-10-10990View PDF
2023-032023-11-17990View PDF
2022-032022-11-14990View PDF
2021-032021-11-18990View PDF
2020-032021-02-22990View PDF
...and 10 more Form 990s
Data update history
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $2,500 from Alverin M Cornell Foundation
March 28, 2024
Used new vendors
Identified 1 new vendor, including
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 7, 2024
Updated personnel
Identified 5 new personnel
December 31, 2023
Received grants
Identified 2 new grant, including a grant for $2,500 from Alverin M Cornell Foundation
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
State / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
550 W Jackson 900
Chicago, IL 60661
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
icpas.org/advocacy/cpa-endowment-fund-of-illinois 
Phone
(312) 993-0407
IRS details
EIN
36-4261924
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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