EIN 38-6090334

Michigan Accountancy Foundation

Name: Michigan Accountancy Foundation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Troy

State

Michigan

Year formed

1961

Most recent tax filings

2024-06-01

NTEE code, primary

S40: Business and Industry

Description

The Michigan Accountancy Foundation (Foundation) is a 501(c)(3) not-for- profit organization whose mission is to attract, inspire and support future generations of cpas by providing scholarships to fifth-year accounting students, serving as a source of industry knowledge for college and university educators and connecting high school students to the cpa profession. The Michigan Accountancy Foundation's mission is to encourage excellence in the public accounting profession by supporting accounting education.

Total revenues

$87,117

2024

Total expenses

$83,263

2024

Total assets

$513,226

2024

Num. employees

2024

Program areas at Michigan Accountancy Foundation

Scholarships: the Michigan Accountancy scholarship program is for fifth year/graduate accounting students aspiring to be certified public accountants.

Educator events: educator outreach: the educator symposium is held for the dissemination and development of accounting knowledge for college/university accounting educators. High school leaders videos: the videos allowed students to learn first hand what the accounting profession is about. Students also had the opportunity to learn about financial literacy.

Who funds Michigan Accountancy Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Blackbaud Giving Fund	2023-12	General Support	$7,500
Michigan Association of Certified Public Accountants	2021-03	Acctg & Admin SPPRT	$2,500
Charles Stewart Mott Foundation	2023-12	For the General Purposes Or Other Charitable Purposes of the Organization.	$750

Personnel at Michigan Accountancy Foundation

Name	Title	Compensation	Date of data
Robert Doyle	Secretary	$0	2024-01-18
Richard David	Treasurer	$0	2023-06-30
George Salloum	President	$0	2023-06-30
Samuel Hodges	Vice President	$0	2023-06-30
Stephen Epstein	Immediate Pa	$0	2023-06-30
...and 2 more key personnel

Financials for Michigan Accountancy Foundation

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$85,706	$67,391	27.2%
Program services	$0	$0	-
Investment income and dividends	$11,521	$17,312	-33.5%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-9,610	$-1,244	-672.5%
Net income from fundraising events	$-500	$-260	-92.3%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$87,117	$83,199	4.7%

Form 990s for Michigan Accountancy Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-01-18	990	View PDF
2022-06	2023-02-14	990	View PDF
2021-06	2022-05-16	990	View PDF
2020-06	2021-04-05	990	View PDF
2019-06	2020-06-05	990	View PDF
...and 9 more Form 990s

Organizations like Michigan Accountancy Foundation

Organization	Type	Location	Revenue
Minnesota Medical Association Foundation	501(c)(3)	Minneapolis, MN	$294,735
Pennsylvania Chamber of Business and Industry Educational Foundation	501(c)(3)	Harrisburg, PA	$242,673
Hospitality Business Network Foundation	501(c)(3)	Marietta, GA	$119,993
Charleston Restaurant Foundation	501(c)(3)	Charleston, SC	$152,271
Connex Foundation	501(c)(3)	Irving, TX	$100,759
Illinois State Dental Society Foundation	501(c)(3)	Springfield, IL	$272,654
Women's Bar Foundation	501(c)(3)	Chicago, IL	$44,056
Cuban American Bar Foundation	501(c)(3)	Coral Gables, FL	$148,432
Albuquerque Hispano Chamber of Commerce Foundation	501(c)(3)	Albuquerque, NM	$403,768
Educational Foundation of Georgia Society of Certified Public Accountants	501(c)(3)	Atlanta, GA	$131,678

Data update history

September 21, 2024

Received grants

Identified 1 new grant, including a grant for $7,500 from The Blackbaud Giving Fund

June 6, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 23, 2024

Updated personnel

Identified 1 new personnel

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

October 23, 2023

Received grants

Identified 2 new grant, including a grant for $12,500 from The Blackbaud Giving Fund

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCharities

Issues

EducationBusiness and industry

Characteristics

Fundraising eventsState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 888 W Big Beaver Ste 550; Troy, MI 48084
Metro area: Detroit-Warren-Dearborn, MI
County: Oakland County, MI
Website URL: mafonline.org/
Phone: (248) 267-3700

IRS details

EIN: 38-6090334
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1961
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S40: Business and Industry
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Michigan Accountancy Foundation

Program areas at Michigan Accountancy Foundation

Who funds Michigan Accountancy Foundation

Personnel at Michigan Accountancy Foundation

Financials for Michigan Accountancy Foundation

Form 990s for Michigan Accountancy Foundation

Organizations like Michigan Accountancy Foundation

Nonprofits

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