EIN 23-7171151

Foundation for Accounting Education

IRS 501(c) type
501(c)(3)
Num. employees
32
Year formed
1972
Most recent tax filings
2023-05-01
Description
Foundation for Accounting Education engages in education and research in the field of accountancy, provides scholarships for higher-education degrees in accounting, conducts educational programs highlighting career opportunities in the profession, and develops resources to support the accounting industry. FAE offers educational services to NYSSCPA members, sponsors events qualifying for CPE, and provides discounts of at least 25% off normal FAE pricing to NYSSCPA members. The organization is qualified to provide CPE by the New York State Department of Education.
Related structure
Foundation for Accounting Education is a subordinate organization under The New York State Society of Certified Public Accountants.
Total revenues
$2,700,881
2023
Total expenses
$2,697,135
2023
Total assets
$601,041
2023
Num. employees
32
2023

Program areas at Foundation for Accounting Education

Foundation for Accounting Education (fae) provides continuing professional Education (cpe) required to maintain a cpa license in new york state. Fae is qualified to provide cpe by the new york state department of Education. Under new york's Accounting reform law, cpas whose principal place of business is new york are required to complete 40 hours of cpe every calendar year in general studies, including Accounting, auditing, taxation, advisory services, and other areas, or 24 hours in a specialized subject. To help meet this requirement fae offers more than 374 courses annually including conferences, seminars, technical sessions, on-site cpe and online webinars. Courses keep participants updated on constantly changing regulations, technical and ethical issues and best practices in Accounting and auditing.

Who funds Foundation for Accounting Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The New York State Society of Certified Public AccountantsAn Unrestricted Grant To Further the Donee's Exempt Purpose.$1,361,206
Valstarr Charitable TrustGeneral Charitable Purposes$1,500

Personnel at Foundation for Accounting Education

NameTitleCompensation
Calvin HarrisChief Executive Officer$31,020
Revira BrennanChief Operating Officer$42,843
Patrick PayanoChief Financial Officer$73,978
Emily FrizzellChief Marketing and Communications D$39,244
Antoine Julian FletcherDirector - Human Resources$25,704
...and 16 more key personnel

Financials for Foundation for Accounting Education

RevenuesFYE 05/2023
Total grants, contributions, etc.$1,361,206
Program services$1,336,743
Investment income and dividends$2,363
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$569
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,700,881

Form 990s for Foundation for Accounting Education

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-03990View PDF
2022-052023-04-12990View PDF
2021-052022-04-11990View PDF
2021-052022-03-30990View PDF
2020-052021-04-15990View PDF
...and 10 more Form 990s
Data update history
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $600,120 from The New York State Society of Certified Public Accountants
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 12, 2023
Updated personnel
Identified 4 new personnel
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $908,226 from The New York State Society of Certified Public Accountants
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
Partially liquidatedCommunity engagement / volunteeringGala fundraisersTax deductible donations
General information
Address
200 Madison Ave 11th Floor
New York, NY 10016
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nysscpa.org/about/about-fae#sthash.psiukqsp.2j8fzucs.dpbs 
Phone
(212) 719-8300
IRS details
EIN
23-7171151
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1972
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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