2025-10-10T13:19:17-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-01-01 136169602 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION AMER 9194024500 220 LEIGH FARM ROAD DURHAM NC 277078110 TIMOTHY LASPALUTO ASST TREASURER 9194024500 2025-10-09 1 1 LORI ROTHE YOKOBOSKY P01273422 9732283500 2025-10-08 2024 2025-03-06 01:10:19Z TIMOTHY LASPALUTO 220 LEIGH FARM ROAD DURHAM NC 277078110 2405263 0 X WWW.AICPA-CIMA.COM X 1922 DC TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION. 11 11 0 27 0 0 1112393 1243722 0 0 296940 382786 -12624 -7439 1396709 1619069 1626656 1315739 0 0 0 0 0 0 120669 648669 731610 2275325 2047349 -878616 -428280 8762743 8681017 582450 375040 8180293 8305977 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 1584814 1315739 ACCOUNTING EDUCATION SUPPORT AND RESEARCH: THE AICPA FOUNDATION PROVIDES ACCOUNTING FINANCIAL EDUCATION AND CAREER SUPPORT THROUGH SCHOLARSHIPS AND FELLOWSHIPS FOR TOP UNDERGRADUATE, GRADUATE, AND DOCTORAL ACCOUNTING STUDENTS, REIMBURSES FEES ASSOCIATED WITH THE CPA EXAM, AND OFFERS WORKSHOPS THAT ENHANCE STUDENTS' PROFESSIONAL SKILLS AND UNDERSTANDING OF THE CPA LICENSURE PROCESS. THE FOUNDATION CONCENTRATES PROGRAM FUNDING FOR SCHOLARSHIPS AND FELLOWSHIPS TO INDIVIDUALS ON A CPA PATHWAY WHO DEMONSTRATE FINANCIAL NEED, PLAN TO PURSUE CPA LICENSURE, HAVE COLLEGE CREDITS IN ACCOUNTING, OR ARE CURRENT CPAS PURSING ACCOUNTING DOCTORAL STUDIES. DURING 2024 THE FOUNDATION PROVIDED ASSISTANCE TO A TOTAL OF 340 RECIPIENTS THROUGH ITS SCHOLARSHIP, FELLOWSHIP AND EDUCATION OUTREACH PROGRAMS. AICPA FOUNDATION LEGACY SCHOLARSHIPS ARE DESIGNED TO SUPPORT THE NEXT GENERATION OF CPAS BY PROVIDING FINANCIAL ASSISTANCE AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO UNDERGRADUATE AND GRADUATE STUDENTS. THESE SCHOLARSHIPS HELP ALLEVIATE THE FINANCIAL BURDEN OF HIGHER EDUCATION, ALLOWING TALENTED INDIVIDUALS TO FOCUS ON THEIR STUDIES AND PURSUE THEIR CPA LICENSURE. AICPA FOUNDATION LEGACY SCHOLARSHIPS INCLUDE THE AICPA FOUNDATION TWO-YEAR TRANSFER SCHOLARSHIP, THE AICPA FOUNDATION SCHOLARSHIP FOR ACCOUNTING STUDENTS, THE AICPA SCHOLARSHIP FOR FUTURE CPAS, THE JOHN L. CAREY SCHOLARSHIP, AND THE AICPA/PCPS GEORGE WILLIE SCHOLARSHIP. A TOTAL OF 127 AICPA FOUNDATION LEGACY SCHOLARSHIPS WERE GRANTED DURING 2024. AICPA FOUNDATION CPA EXAM SCHOLARSHIPS WERE CREATED IN 2020 TO ASSIST STUDENT AND CPA EXAM CANDIDATES WITH SOME OF THE COSTS ASSOCIATED WITH TAKING THE CPA EXAM. 83 AICPA FOUNDATION CPA EXAM SCHOLARSHIPS WERE GRANTED DURING 2024. THE AICPA FOUNDATION FELLOWSHIP FOR ACCOUNTING DOCTORAL STUDIES (FADS) PROGRAM WAS ESTABLISHED IN 2024 AND IS AVAILABLE TO ELIGIBLE NEW AND CURRENT DOCTORAL CANDIDATES, PROVIDING CPAS WITH ESSENTIAL FINANCIAL ASSISTANCE AND RESOURCES TO BECOME ACCOUNTING EDUCATORS. THE FADS PROGRAM UNITES THREE PRIOR PROGRAMS OF THE AICPA FOUNDATION (THE AICPA FELLOWSHIP FOR MINORITY DOCTORAL STUDENTS, THE ACCOUNTING DOCTORAL STUDENTS (ADS) PROGRAM, AND THE WILLIAM EZZELL SCHOLARSHIP) INTO A SINGLE FELLOWSHIP FOR ACCOUNTING DOCTORAL STUDENTS. THE CONSOLIDATED FELLOWSHIP PROGRAM AIMS TO SUPPORT ASPIRING ACCOUNTING EDUCATORS, STRENGTHEN THE CPA PIPELINE, AND ADVANCE THE PROFESSION THROUGH ACADEMIC EXCELLENCE AND MENTORSHIP. 22 FADS PROGRAM FELLOWSHIPS AND 3 ACCOUNTING DOCTORAL STUDENTS (ADS) AWARDS WERE GRANTED BY THE FOUNDATION DURING 2024. THE AICPA FOUNDATION COLLABORATES WITH THE AICPA TO SUPPORT THE ACCOUNTING SCHOLARS LEADERSHIP WORKSHOP (ASLW), A WORKSHOP THAT RAISES AWARENESS AND EDUCATES STUDENTS ABOUT THE BROAD CAREER OPPORTUNITIES AVAILABLE IN THE ACCOUNTING AND FINANCE PROFESSION. THE WORKSHOP EVENT IS DESIGNED TO PROVIDE STUDENTS WITH THE SKILLS THEY CAN USE TO SUCCEED, GROW AND DEVELOP ONCE THEY ENTER THE PROFESSION. DURING 2024 THE FOUNDATION ASSISTED 105 STUDENTS FROM 33 DIFFERENT STATES/TERRITORIES WITH ATTENDING THE ANNUAL INTERACTIVE EVENT. THE BARRY C. MELANCON PROFESSIONAL ACCOUNTING RESEARCH (PAR) FELLOWSHIP WILL SUPPORT THE NEXT GENERATION OF ACCOUNTING AND FINANCIAL PROFESSIONALS WITH THE SKILLS, KNOWLEDGE AND TRAINING TO ADVANCE THE ACCOUNTING AND FINANCE PROFESSION. THE FELLOWSHIP GRANT WILL SUPPORT DOCTORAL STUDENTS WHO ARE UNDERTAKING PRACTICAL RESEARCH TO ADVANCE THE SCIENCE OF PUBLIC OR MANAGEMENT ACCOUNTING PRACTICE. THE MELANCON PAR FELLOWSHIP WAS ESTABLISHED IN 2024 AND GRANTS WILL BE AWARDED TO TWO DOCTORAL STUDENTS IN 2025. GRANT AWARDS WILL BE CONTINGENT ON THE COST OF THE APPLICANT'S RESEARCH PROJECT AND THE FINANCIAL NEEDS OF THE APPLICANT AND WILL PROVIDE PERIODIC UPDATES TO THE FOUNDATION BOARD OF TRUSTEES REGARDING THEIR RESEARCH FINDINGS. 1584814 1 1 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 1 0 0 0 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 1 1 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 0 0 0 0 1 1 1 1 1 0 0 0 NC NY X TIMOTHY LASPALUTO 9194024500 220 LEIGH FARM ROAD DURHAM NC 27707 CHARMONE ADAMS TRUSTEE 0.30 0.00 X 0 0 0 DAVID SCOTT SHOWALTER BOARD LIAISON 0.30 6.00 X 0 0 0 EDWARD GUTTENPLAN TRUSTEE 0.30 0.00 X 0 0 0 FREDERICK NISWANDER TREASURER 0.30 0.00 X X 0 0 0 KRISTINE HULL TRUSTEE 0.30 0.30 X 0 0 0 LAURA HORVATH TRUSTEE 0.30 0.00 X 0 0 0 LISA FORT TRUSTEE 0.30 0.00 X 0 0 0 NOEL BOWERS TRUSTEE 0.30 0.00 X 0 0 0 REBECCA FONDELL TRUSTEE 0.30 0.00 X 0 0 0 ROBERT MCKOY TRUSTEE (OUTGOING) 0.30 0.00 X 0 0 0 SHAKOR JUKES TRUSTEE (OUTGOING) 0.30 0.00 X 0 0 0 THERESA GOLDEN PRESIDENT 0.30 0.00 X X 0 0 0 WALTER J BRASCH TRUSTEE 0.30 0.00 X 0 0 0 MICHAEL DECKER SECRETARY 0.30 40.00 X 0 480929 69580 TIMOTHY LASPALUTO ASSISTANT TREASURER 0.30 40.30 X 0 584985 53068 JOANNE FIORE FORMER SECRETARY 0.30 40.00 X 0 381263 51876 0 1447177 174524 0 1 1 0 0 61458 449797 732467 1243722 212381 212381 926676 756271 170405 170405 170405 22484 61458 29923 -7439 -7439 1619069 0 0 375347 X 1235739 1235739 80000 80000 31581 31581 15501 15501 415599 32332 263943 119324 25133 6158 17630 1345 70467 59282 11185 173329 171303 2026 2047349 1584814 341866 120669 250000 250000 792813 268456 4000 71872 6747131 7086436 958799 1004253 10000 0 8762743 8681017 93370 3182 218000 181831 174120 184723 96960 5304 582450 375040 X 7208859 7499553 971434 806424 8180293 8305977 8762743 8681017 -428280 553964 0 X 0 1 X 1 0 X 1064441 966088 831400 1112393 1243722 5218044 1064441 966088 831400 1112393 1243722 5218044 1481139 3736905 165720 138741 162610 220862 212381 900314 6118358 0.61080 0.60870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 GLOBAL EQUITY LONG-ONLY FUND LP 1004253 F 1004253 DUE TO AFFILIATES 5304 5304 X 2276798 553964 89343 29923 673230 1603568 15501 15501 1619069 2151114 89343 29923 119266 2031848 15501 15501 2047349 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, 2024 AND 2023, THE FOUNDATION MAINTAINED A BALANCE OF $184,723 AND $174,120, 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, 2024, 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 2021 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, 2024 AND 2023, THE FOUNDATION DID NOT RECOGNIZE ANY INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EXPENSES TO REVENUE 29,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS FUNDRAISING EXPENSES TO REVENUE 29,923. 1 0 0 0 0 0 0 0 0 0 EAST ASIA AND THE PACIFIC SUPPORT OF CGMA MANAGEMENT ACCOUNTING EDUCATION PROGRAMS. 80000 ELECTRONIC FUND 0 N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF GRANTS AND ASSISTANCE AWARDED TO FOREIGN ORGANIZATIONS AND MAKES ONE-TIME GRANT PAYMENTS TO PRESELECTED FOREIGN ORGANIZATIONS TO ENSURE THAT GRANTS ARE UTILIZED FOR PROPER PURPOSES. THE PRESIDENT AND TREASURER OF THE FOUNDATION'S BOARD OF TRUSTEES REVIEW ALL REQUESTS FOR ASSISTANCE TO DETERMINE AND AWARD GRANT FUNDS ANNUALLY. THE FOUNDATION HAS POLICIES AND PROCEDURES IN PLACE FOR INTERNATIONAL GRANTS THAT SET ANY APPLICATION REQUIREMENTS, TERMS, AWARD AMOUNTS, AND FOLLOW-UP REPORTING REQUIREMENTS PLACED ON GRANT RECIPIENTS. GOLF CLASSIC 83942 61458 22484 2500 267 17734 5265 4157 83942 61458 22484 2500 267 17734 5265 4157 29923 -7439 1 AICPA FOUNDATION TWO-YEAR TRANSFER SCHOLARSHIP 25 125000 AICPA FOUNDATION FELLOWSHIP FOR ACCOUNTING DOCTORAL STUDIES (FADS) 22 330000 AICPA FOUNDATION SCHOLARSHIP FOR ACCOUNTING STUDENTS 61 305000 AICPA FOUNDATION CPA EXAM SCHOLARSHIP 82 83135 AICPA FOUNDATION SCHOLARSHIP FOR FUTURE CPAS 24 135000 AICPA/PCPS GEORGE WILLIE SCHOLARSHIP 8 81000 BAP MEDAL OF INSPIRATION AWARD 1 5000 JOHN L. CAREY SCHOLARSHIP FOR GRADUATE ACCOUNTING STUDIES 9 50004 PART I, LINE 2: THE AICPA FOUNDATION PROVIDES ACCOUNTING FINANCIAL EDUCATION AND CAREER SUPPORT THROUGH SCHOLARSHIPS AND FELLOWSHIPS FOR TOP UNDERGRADUATE, GRADUATE, AND DOCTORAL ACCOUNTING STUDENTS, REIMBURSES FEES ASSOCIATED WITH THE CPA EXAM, AND OFFERS WORKSHOPS THAT ENHANCE STUDENTS' PROFESSIONAL SKILLS AND UNDERSTANDING OF THE CPA LICENSURE PROCESS. THE FOUNDATION CONCENTRATES PROGRAM FUNDING FOR SCHOLARSHIPS AND FELLOWSHIPS TO INDIVIDUALS ON A CPA PATHWAY WHO DEMONSTRATE FINANCIAL NEED, PLAN TO PURSUE CPA LICENSURE, HAVE COLLEGE CREDITS IN ACCOUNTING, OR ARE CURRENT CPAS PURSUING ACCOUNTING DOCTORAL STUDIES. THE FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AND ASSISTANCE AWARDED TO STUDENTS AND CPA EXAM CANDIDATES AS WELL AS ITS SELECTION AND ELIGIBILITY CRITERIA AND PROCESS TO AWARD FUNDS ANNUALLY. THE FOUNDATION REQUIRES ALL INDIVIDUALS TO COMPLETE AN APPLICATION FORM IN ORDER TO APPLY FOR SCHOLARSHIP, FELLOWSHIP, OR CPA EXAM GRANT ASSISTANCE. THE FOUNDATION'S BOARD OF TRUSTEES AND VOLUNTEER SCHOLARSHIP COMMITTEE REVIEW ALL APPLICATIONS THROUGHOUT THE YEAR TO DETERMINE AND AWARD INDIVIDUAL RECIPIENTS. THE FOUNDATION HAS POLICIES AND PROCEDURES IN PLACE FOR EACH SCHOLARSHIP, FELLOWSHIP AND AWARD THAT SET THE APPLICATION REQUIREMENTS, TERMS, AWARD AMOUNTS, AND ANY FOLLOW-UP REPORTING OR RESEARCH REQUIREMENTS PLACED ON GRANT RECIPIENTS. PERIODIC REPORTING UPDATES ARE PROVIDED TO THE FOUNDATION'S BOARD OF TRUSTEES REGARDING RESEARCH FINDINGS FOR DOCTORAL STUDIES AND FELLOWSHIP GRANT PROGRAMS. 0 1 0 0 0 0 0 0 0 TIMOTHY LASPALUTO ASSISTANT TREASURER 0 450860 0 113051 0 21074 0 41112 0 18833 0 644930 0 19500 MICHAEL DECKER SECRETARY 0 424573 0 32809 0 23547 0 56424 0 20546 0 557899 0 0 JOANNE FIORE FORMER SECRETARY 0 314238 0 44525 0 22500 0 36512 0 22653 0 440428 0 19500 FORM 990, PART III, LINE 4A THE FOUNDATION HAS UPDATED FOR 2024 PART III, LINES 4A AND 4B TO REPORT ITS SCHOLARSHIP AND FELLOWSHIP PROGRAMS AS ONE PROGRAM SERVICE ACCOMPLISHMENT. THE FOUNDATION HAS DETERMINED THAT ITS SCHOLARSHIP AND FELLOWSHIP PROGRAMS IN PURSUIT OF ACCOUNTING EDUCATION AND RESEARCH ARE A SINGULAR ACTIVITY THAT ACCOMPLISHES ITS TAX-EXEMPT PURPOSE. ALL ACCOUNTING EDUCATION AND RESEARCH PROGRAM SCHOLARSHIP AND FELLOWSHIP ACTIVITIES WILL BE REPORTED AS ONE PROGRAM SERVICE ACTIVITY ON LINE 4A. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION AMENDED ITS BYLAWS DURING 2024 TO CLARIFY THE RESPONSIBILITIES OF THE FOUNDATION BOARD OF TRUSTEES. THE BYLAWS WERE AMENDED TO SPECIFY THE PROCESS OF RECOMMENDATION AND APPOINTMENT OF INDIVIDUAL TRUSTEES TO THE BOARD; TO MODIFY THE PURPOSE OF THE FOUNDATION TO MORE CLOSELY ALIGN WITH THE MISSION STATEMENT; TO INCREASE THE ALLOWABLE NUMBER OF BOARD APPOINTMENTS FROM 10 TO 12 TRUSTEES; TO INDICATE WHEN AND HOW A TRUSTEE MEMBERSHIP CEASES AND THE PROPER PROCESS FOR TRUSTEE RESIGNATIONS; TO CLARIFY OFFICER AND STAFF ROLES; TO CLARIFY THE PROCESS FOR THE APPOINTMENT OF THE EXTERNAL AUDITOR; TO AMEND THE DEFINITION OF A QUORUM OF THE BOARD OF TRUSTEES; AND TO ALLOW FOR VOTING BY EMAIL. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS MEMBERS; MEMBERS OF FOUNDATION ARE THOSE PERSONS WHO ARE MEMBERS OF THE BOARD OF DIRECTORS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA). FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS APPOINT VOTING MEMBERS OF THE AICPA BOARD AS TRUSTEES OF THE FOUNDATION THROUGH THE AICPA'S COMMITTEE APPOINTMENT PROCESS. UP TO TWELVE TRUSTEES MAY BE APPOINTED, WITH ONE APPOINTED TRUSTEE SERVING AS A LIAISON BETWEEN THE FOUNDATION AND THE AICPA BOARD OF DIRECTORS. A QUORUM OF THE BOARD OF TRUSTEES APPOINTS THE PRESIDENT OF THE FOUNDATION AND THE TREASURER TO SERVE AS THE GOVERNING OFFICERS. IN ADDITION TO THE BOARD OF TRUSTEES, THE MEMBERS ALSO APPOINT A FOUNDATION SECRETARY AND AN ASSISTANT TREASURER, BOTH OF WHOM ARE STAFF PERSONS OF THE ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS OF THE FOUNDATION ARE ENTITLED TO ATTEND THE MEETINGS OF THE FOUNDATION AND TO CAST A VOTE UPON ANY MATTERS BROUGHT BEFORE THE BOARD. IN ADDITION, ANY CHANGES OR UPDATES TO THE GOVERNING DOCUMENTS OF THE FOUNDATION ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE AN EXECUTIVE OR OTHER COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA TAX PROFESSIONAL ANNUALLY PREPARES THE FORM 990 RETURN AND THE BOARD AGREES THAT THIS IS THE APPROPRIATE FIDUCIARY PROCESS. THE AICPA AUDIT AND FINANCE COMMITTEE ANNUALLY EVALUATES THE FIRM HIRED TO PREPARE THE FORM 990 RETURN AND CONFIRMS THE FORM IS APPROPRIATELY FILED. AICPA STAFF AND MANAGEMENT TEAM MEMBERS REVIEW THE FORM 990 FOR THE FOUNDATION FOR ACCURACY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION CONTINUOUSLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY LISTED IN THE FOUNDATION'S VOLUNTEER SERVICE AGREEMENT. ANY INDIVIDUALS WITH A CONFLICT OF INTEREST ARE REQUIRED TO DECLARE POTENTIAL CONFLICTS AND ARE REQUIRED TO RECUSE THEMSELVES FROM THE DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS AND FORMER SECRETARY RECEIVE COMPENSATION FROM ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS ("THE ASSOCIATION"), WHICH IS AN UNRELATED ORGANIZATION. THE ASSOCIATION HAS A COMMITTEE THAT ESTABLISHES THE OFFICERS AND FORMER SECRETARY'S COMPENSATION USING METHODS INCLUDING AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS/STUDIES, AND COMPARISON OF COMPENSATION AT COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PEOPLE COSTS (SALARIES-REGULAR): PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 229,474. FUNDRAISING EXPENSES 119,324. TOTAL EXPENSES 348,798. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 32,332. MANAGEMENT AND GENERAL EXPENSES 34,469. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,801. ACCOUNTING RESEARCH ASSOCIATION 220 LEIGH FARM ROAD DURHAM NC 27707 136227058 DEVELOP AND ESTABLISH FINANCIAL GOVERNMENT ACCOUNTING REPORTING STANDARDS DC 501(C)(6) AICPA 0 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 0 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS PAC 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 ADVANCES THE ACCOUNTING PROFESSION CA AICPA 0 ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS 220 LEIGH FARM RD DURHAM NC 27707 MEMBERSHIP ORG FOR THE ACCOUNTING PROFESSION DC 501(C)(6) AICPA 0 CPACOM 1345 AVE OF THE AMERICAS NEW YORK NY 10019 223731549 BRINGS INNOVATIVE PARTNER SOLUTIONS TO THE ACCOUNTING PROFESSION DE N/A C 0 MAPAGLOBAL (MALAYSIA) SDN BHD LEVEL 10 1 FIRST AVENUE BANDAR UT PETALING JAYA SELANGOR MY 47800 GLOBAL BUSINESS SERVICES MY N/A C 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 AICPA D 149530 FMV AICPA C 449797 FMV