2023-10-14T14:50:05-05:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 136169602 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION AMER 9194024500 220 LEIGH FARM ROAD DURHAM NC 277078110 TIMOTHY LASPALUTO ASST TREASURER 9194024500 2023-10-13 1 TIMOTHY LASPALUTO 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-10-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY LASPALUTO 220 LEIGH FARM ROAD DURHAM NC 277078110 2029949 0 X WWW.AICPA.ORG X 1922 DC TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS. 11 11 0 11 0 0 966088 831400 0 0 459733 368856 0 0 1425821 1200256 2984082 1668375 0 0 0 0 0 0 109727 434474 827945 3418556 2496320 -1992735 -1296064 13398999 8850047 1784558 691913 11614441 8158134 X TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS. 0 0 1005044 772679 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. 1200608 895696 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. 2205652 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NC NY X TIMOTHY LASPALUTO 9194024500 220 LEIGH FARM ROAD DURHAM NC 27707 BRIDGET KAIGLER TRUSTEE 0.30 X 0 0 0 BRUCE BEHN BOARD LIAISON (OUTGOING) 0.30 6.00 X 0 0 0 CHARMONE ADAMS TRUSTEE 0.30 X 0 0 0 EDUARDO JORDAN TRUSTEE (OUTGOING) 0.30 X 0 0 0 ERNIE ALMONTE PRESIDENT (OUTGOING) 0.30 X X 0 0 0 FREDERICK NISWANDER TREASURER 0.30 X X 0 0 0 GUIDO GEERTS TRUSTEE 0.30 X 0 0 0 JESSICA CORMIER TRUSTEE 0.30 X 0 0 0 JESSICA MCCLAIN TRUSTEE 0.30 X 0 0 0 JINA ETIENNE TRUSTEE (OUTGOING) 0.30 X 0 0 0 LAURA HORVATH TRUSTEE 0.30 X 0 0 0 LISA FORT TRUSTEE 0.30 X 0 0 0 LOUIS GRIEGO TRUSTEE (OUTGOING) 0.30 X 0 0 0 MARY DAVENPORT BOARD LIAISON 0.30 6.00 X 0 0 0 PAULA THOMAS TRUSTEE/TREASURER (OUTGOING) 0.30 X X 0 0 0 ROBERT MCKOY TRUSTEE 0.30 X 0 0 0 THERESA GOLDEN PRESIDENT 0.30 6.00 X X 0 0 0 MICHAEL DECKER SECRETARY 0.30 40.00 X 0 394234 65031 TIMOTHY LASPALUTO ASSISTANT TREASURER 0.30 40.00 X 0 361312 46456 JOANNE FIORE FORMER SECRETARY 0.30 40.00 X 0 345234 57700 0 1100780 169187 0 1 1 0 0 353500 477900 831400 162610 162610 1035939 829693 206246 206246 206246 1200256 0 0 368856 X 385373 385373 1283002 1283002 26121 26121 15982 15982 418497 197136 111634 109727 54928 41221 13707 254354 246461 7893 54542 52459 2083 3521 3521 2496320 2205652 180941 109727 250000 250000 2738125 891355 120123 9090669 6744519 1308769 834050 11436 10000 13398999 8850047 1475518 37183 150000 298000 159040 195856 0 160874 1784558 691913 X 10198053 7260346 1416388 897788 11614441 8158134 13398999 8850047 -1296064 -2160243 0 X 0 1 X 1 0 X 1034371 1036158 1064441 966088 831400 4932458 1034371 1036158 1064441 966088 831400 4932458 1567331 3365127 161943 207140 165720 138741 162610 836154 5768612 0.58340 0.63790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 GLOBAL EQUITY LONG- ONLY FUND LP 834050 F 834050 DUE TO AFFILIATED ORGANIZATION 160874 160874 X -843855 -2160244 132115 -2028129 1184274 15982 15982 1200256 2612453 132115 132115 2480338 15982 15982 2496320 PART IV, LINE 2B: THE JUDICIAL COLLEGE PROGRAM SERVES TO INFORM AND EDUCATE JUDGES ON CURRENT ACCOUNTING AND AUDITING ISSUES. ON AUGUST 1, 2008, THE FOUNDATION ENTERED INTO AN AGREEMENT WITH THE AICPA'S JUDICIARY SUBCOMMITTEE TO ACT AS AN AGENT ON BEHALF OF THE JUDICIAL COLLEGE PROGRAM IN THE COLLECTION OF CONTRIBUTIONS FROM MEMBERS OF THE JUDICIAL COLLEGE PROGRAM AND IN THE PAYMENT OF CERTAIN OPERATING EXPENSES AS DIRECTED BY THE JUDICIARY SUBCOMMITTEE. AS OF DECEMBER 31, 2022 AND 2021, THE FOUNDATION MAINTAINED A BALANCE OF $195,856 AND $159,040, RESPECTIVELY, REPRESENTING CONTRIBUTIONS IN EXCESS OF OPERATING EXPENSE DISBURSEMENTS, WHICH ARE REFLECTED IN ACCOUNTS PAYABLE AND OTHER LIABILITIES ON THE STATEMENTS OF FINANCIAL POSITION. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ALSO MEETS THE REQUIREMENTS OF SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE AND IS THEREFORE NOT A PRIVATE FOUNDATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S U.S. FEDERAL INCOME TAX RETURNS PRIOR TO 2019 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. AS OF DECEMBER 31, 2022 AND 2021, THE FOUNDATION DID NOT RECOGNIZE ANY INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS. 1 NABA INC 7474 GREENWAY CENTER DRIVE SUITE 1120 GREENBELT MD 20770 237097490 501(C)(3) 50000 0 SUPPORT OF ACCOUNTING DEVELOPMENT NORTH CAROLINA A&T STATE UNIVERSITY 1601 EAST MARKET STREET 235 MERRICK HALL GREENSBORO NC 27411 562249960 501(C)(3) 50000 0 SUPPORT OF ACCOUNTING DEVELOPMENT HOWARD UNIVERSITY - CENTER FOR ACCOUNTING EDUCATION 2400 SIXTH STREET NW WASHINGTON DC 20059 530204707 501(C)(3) 10000 0 SUPPORT OF ACCOUNTING DEVELOPMENT NATIONAL SOCIETY OF BLACK CERTIFIED PUBLIC ACCOUNTANTS INC 2828 N CENTRAL AVENUE SUITE 1000 PHOENIX AZ 85004 851347746 501(C)(3) 50000 0 SPONSORSHIP 4 0 ACCOUNTING DOCTORAL SCHOLARSHIPS 20 270000 ACCOUNTING MINORITY SCHOLARSHIPS 92 455000 ACCOUNTING MINORITY DOCTORAL FELLOWSHIPS 23 138000 JOHN CAREY SCHOLARSHIPS 5 25000 2 YEAR TRANSFER 25 125500 AICPA HIGH SCHOOL SCHOLARSHIPS 10 20000 WILLIAM (BILL) EZZELL SCHOLARSHIP 5 50000 AWSCPA SCHOLARSHIP 4 20000 STUDENT HARDSHIP GRANT 25 50000 CPA EXAM SCHOLARSHIP 50 75000 PART I, LINE 2: AICPA FELLOWSHIP FOR MINORITY DOCTORAL STUDENTS - INDIVIDUALS MUST COMPLETE AN APPLICATION FORM, SEND AN OFFICIAL ACADEMIC TRANSCRIPT FROM EACH INSTITUTION FROM WHICH THEY RECEIVED A DEGREE, AND PROVIDE TWO CONFIDENTIAL REFERENCES. TO BE ELIGIBLE THE APPLICANTS MUST MEET THE FOLLOWING REQUIREMENTS: O A) APPLIED TO A DOCTORAL PROGRAM AND AWAITING WORD ON ACCEPTANCE; B) BEEN ACCEPTED INTO A DOCTORAL PROGRAM; OR C) ALREADY MATRICULATED IN A DOCTORAL PROGRAM AND PURSUING APPROPRIATE COURSEWORK O EARNED A MASTER'S DEGREE AND/OR COMPLETED AT LEAST 3 YEARS OF FULL-TIME EXPERIENCE IN THE ACCOUNTING PRACTICE O MINORITY STUDENT OF BLACK OR AFRICAN AMERICAN; HISPANIC OR LATINO; OR NATIVE AMERICAN ETHNICITY O ATTEND SCHOOL ON A FULL-TIME BASIS AND PLAN TO REMAIN ENROLLED FULL-TIME UNTIL ATTAINING DOCTORAL DEGREE O AGREE NOT TO WORK FULL-TIME IN A PAID POSITION OR ACCEPT RESPONSIBILITY FOR TEACHING MORE THAN ONE COURSE PER SEMESTER AS A TEACHING ASSISTANT, OR DEDICATE MORE THAN ONE QUARTER OF MY TIME AS A RESEARCH ASSISTANT O CPA OR PLAN TO PURSUE THE CPA CREDENTIAL O U.S. CITIZEN OR PERMANENT RESIDENT (GREEN CARD HOLDER) AICPA SCHOLARSHIP FOR MINORITY ACCOUNTING STUDENTS - APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE OF MORE THAN 70 CPA VOLUNTEERS. RECIPIENT SELECTION IS BASED ON ACADEMIC ACHIEVEMENT; DEMONSTRATION OF LEADERSHIP AND VOLUNTEERISM; AND OVERALL COMMITMENT TO BECOMING A LICENSED CPA PROFESSIONAL. JOHN CAREY SCHOLARSHIP - APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE OF MORE THAN 70 CPA VOLUNTEERS. FIVE SCHOLARSHIPS ARE AWARDED ANNUALLY BASED ON ACADEMIC ACHIEVEMENT, DEMONSTRATION OF LEADERSHIP AND VOLUNTERISM, AND OVERALL COMMITMENT TO BECOMING AN LICENSED CPA PROFESSIONAL. AICPA TWO YEAR TRANSFER SCHOLARSHIP: APPLICATIONS ARE REVIEWED AND RANKED BY A TASK FORCE MORE THAN 70 CPA VOLUNTEERS. 25 SCHOLARSHIPS ARE AWARDED ANNUALLY BASED ON ACADEMIC ACHIEVEMENT, DEMONSTRATION OF LEADERSHIP AND VOLUNTERISM, AND OVERALL COMMITMENT TO BECOMING A LICENSED CPA PROFESSIONAL. AICPA FOUNDATION HIGH SCHOOL SCHOLARSHIP THIS SCHOLARSHIP OFFERS FINANCIAL ASSISTANCE TO HIGH SCHOOL SENIORS WHO ARE ATTENDING AN ACCREDITED TWO OR FOUR-YEAR COLLEGE OR UNIVERSITY IN THE FALL AND PLAN TO MAJOR IN ACCOUNTING. THEY MUST HAVE TAKEN AN ADVANCED ACCOUNTING COURSE TAUGHT BY AN APBP TRAINED EDUCATOR AND HAVE MAINTAINED A GPA OF AT LEAST 3.0 (ON A 4.0 SCALE). SCHOLARSHIPS FOR FUTURE CPAS THIS SCHOLARSHIP AWARD PROVIDES FINANCIAL ASSISTANCE TO UNDERGRADUATE OR GRADUATE DEGREE STUDENTS INTERESTED IN PURSUING THE CPA LICENSE AFTER GRADUATION. RECIPIENTS WILL BE CONSIDERED BASED ON THEIR OVERALL POTENTIAL AND COMMITMENT TO BECOMING LICENSED CPA PROFESSIONALS AFTER GRADUATION. APPLICANTS MUST BE ENROLLED AS FULL-TIME STUDENTS AND BE U.S. CITIZENS OR PERMANENT RESIDENTS. AWSCPA SCHOLARSHIP THIS AWARD PROVIDES FINANCIAL ASSISTANCE TO OUTSTANDING WOMEN STUDENTS MAJORING IN ACCOUNTING OR AN ACCOUNTING-RELATED FIELD. THE AICPA FOUNDATION, THE AICPA'S WOMEN'S INITIATIVES EXECUTIVE COMMITTEE AND ITS AWSCPA TASK FORCE SPONSOR THE AWSCPA SCHOLARSHIP AWARD TO SUPPORT THE SUCCESS OF WOMEN IN THE ACCOUNTING PROFESSION. WILLIAM (BILL) EZZELL SCHOLARSHIP THIS SCHOLARSHIP IS AN ANNUAL AWARD TO FIVE RECIPIENTS EACH YEAR. THIS IS A ONE-TIME-RECEIPT AWARD; IT MAY ONLY BE AWARDED TO AN INDIVIDUAL ONCE DURING THEIR DOCTORAL PROGRAM. STUDENT HARDSHIP GRANT THIS GRANT PROVIDES UP TO $2,000 TO 25 STUDENTS WHO HAVE EXPERIENCED MONETARY HARDSHIP AS A RESULT OF THE COVID-19 PANDEMIC TO ASSIST WITH EDUCATIONAL RELATED EXPENSES (E.G. TUITION AND BOOKS). CPA EXAM SCHOLARSHIP THIS SCHOLARSHIP WAS CREATED TO ASSIST STUDENTS AND CPA CANDIDATES WITH SOME OF THE COSTS ASSOCIATED WITH TAKING THE CPA EXAM. AT LEAST 50 EXTRAORDINARY APPLICANTS WILL BE PAID UP TO $1,500 IN A LUMP SUM TO REIMBURSE FOR EXAM FEES AND CPA EXAM PREPARATORY COURSES. APPLICANTS MUST PROVIDE A COPY OF NOTICE TO SCHEDULE (NTS) FOR AT LEAST ONE SECTION OF THE CPA EXAM AND A COPY OF THE RECEIPT FOR PAYMENT OF EXAM APPLICATION FEES. FOR REIMBURSEMENT OF CPA EXAM PREPARATORY COURSES/MATERIALS, APPLICANTS MUST PROVIDE PROOF OF PURCHASE WITH THEIR APPLICATION. 0 1 0 0 0 0 0 0 0 MICHAEL DECKER SECRETARY 0 360394 0 13340 0 20500 0 51623 0 20647 0 466504 0 0 TIMOTHY LASPALUTO ASSISTANT TREASURER 0 301556 0 39403 0 20353 0 34512 0 18638 0 414462 0 0 JOANNE FIORE FORMER SECRETARY 0 278411 0 42148 0 24675 0 34512 0 30425 0 410171 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE AICPA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT AND APPOINTED MEMBERS SHALL CONSTITUTE THE FOUNDATION'S BOARD OF TRUSTEES. THE AICPA SHALL APPOINT A SECRETARY AND ASSISTANT TREASURER TO THE FOUNDATION. THESE PERSONS SHALL BE STAFF PERSONS OF THE AICPA AND WILL BE DEEMED OFFICERS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B EVERY MEMBER OF THE AICPA FOUNDATION SHALL BE ENTITLED TO ATTEND ALL MEETINGS OF THE FOUNDATION AND TO CAST A VOTE UPON MATTERS BROUGHT BEFORE SUCH MEETING. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA TAX PROFESSIONAL PREPARES FORM 990. BOARD MEMBERS FEEL THAT THIS IS THE APPROPRIATE FIDUCIARY PROCESS. THE TREASURER OF THE FOUNDATION AND ANOTHER FOUNDATION BOARD MEMBER REVIEW THE FORM 990 BEFORE FILING. IN ADDITION, THE AICPA AUDIT COMMITTEE EVALUATES THE PERSON OR FIRM HIRED TO PREPARE AND FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY SUCH ACTIONS AS A REVIEW OF HIRED CONSULTANTS TO DETERMINE IF INDEPENDENCE DOES EXIST AND AN ENVIRONMENTAL SCAN OF BUSINESS NEWS TO ENSURE THAT NO CONFLICTS EXIST. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G PEOPLE COSTS (SALARIES-REGULAR): PROGRAM SERVICE EXPENSES 81,239. MANAGEMENT AND GENERAL EXPENSES 24,134. FUNDRAISING EXPENSES 109,727. TOTAL EXPENSES 215,100. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 115,897. MANAGEMENT AND GENERAL EXPENSES 87,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,397. ACCOUNTING RESEARCH ASSOCIATION 220 LEIGH FARM ROAD DURHAM NC 27707 136227058 DEVELOP AND ESTABLISH FINANCIAL GOVERNMENT ACCOUNTING REPORTING STANDARDS DC 501(C)(6) AICPA 1 AICPA 220 LEIGH FARM ROAD DURHAM NC 27707 130432265 MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION DC 501(C)(6) N/A 0 AICPA BENEVOLENT FUND 220 LEIGH FARM ROAD DURHAM NC 27707 136168775 PROVIDE FINANCIAL ASSISTANCE TO NEEDY MEMBERS OF AICPA NY 501(C)(3) 509(A)(2) AICPA 1 AICPA POLITICAL ACTION COMMITTEE 220 LEIGH FARM ROAD DURHAM NC 27707 132937976 CONTRIBUTES TO CANDIDATES FOR FEDERAL ELECTIVE OFFICE DC 527 AICPA 0 INSTITUTE FOR ACCOUNTING PROFESSIONALS IN THE AMERICAS 66 WELLINGTON STREET WEST SUITE 53 TORONTO ONTARIO CA M5K 1E6 SAME AS AICPA CA AICPA 1 CPACOM 1345 AVE OF THE AMERICAS NEW YORK NY 10019 223731549 INTERNET PORTAL MARKETING DE N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS N 132115 FMV AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS C 353500 FMV