Picpa Foundation For Education And Research
- Assets
- $2.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1986
- Data as of
- 04/2023
- EIN
- 22-2470981
Organization Overview
Picpa Foundation For Education And Research is located in Philadelphia, PA. The organization was established in 1986. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Picpa Foundation For Education And Research is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Picpa Foundation For Education And Research generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $5.9m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION PROGRAMS TO ENHANCE THE LEVEL OF PROFESSIONAL COMPETENCE OF CPAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE FOUNDATION HOLDS OVER 1,000 CONTINUING PROFESSIONAL EDUCATION PROGRAMS RELEVANT TO THE PRACTICE OF ACCOUNTING, TAXATION, AND OTHER AREAS REQUIRED FOR CPAS TO ENHANCE THEIR LEVEL OF PROFESSIONAL COMPETENCE. PICPA FACILITATES COLLABORATION WITHIN DIVERSE SECTIONS OF MEMBERSHIP TO IDENTIFY, DEVELOP, AND PRESENT EDUCATIONAL PROGRAMS THAT ADDRESS MEMBERS IN EVERY STAGE OF THEIR PROFESSIONAL LIFE, AND EVERY AREA OF PRACTICE. PICPA'S DELIVERY MODEL FOR EDUCATION INCLUDES CLASSROOM SETTINGS, CONFERENCES, WEBINARS, SIMULCASTS, AND ON DEMAND COURSES. AS NEW TOPICS EMERGE THAT WILL AFFECT MEMBER'S PRACTICE OF ACCOUNTING THE FOUNDATION DEVELOPS EDUCATIONAL PRODUCTS DIRECTED TO THOSE TOPICS.THESE PROGRAMS ARE DESIGNED TO RESPOND QUICKLY TO CHANGES IN PROFESSIONAL AND TECHNICAL ISSUES, AND PROVIDE GUIDELINES AND TOOLS TO MANAGE THE PROFESSIONAL EDUCATION EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Risden CPA Chair | OfficerTrustee | 2 | $0 |
Elizabeth Krisher CPA President | OfficerTrustee | 2 | $0 |
Shea Saman CPA Vice-President | OfficerTrustee | 2 | $0 |
R Charles Waring CPA Vice-President | OfficerTrustee | 2 | $0 |
Ryan Lafferty CPA Treasurer | OfficerTrustee | 2 | $0 |
Frances Aitken CPA Immediate Past Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Mccoy Self Study Llc Cpe Instructor/programs | 4/29/23 | $470,114 |
Infinite Xpressions Consulting Fees & Expenses Dp | 4/29/23 | $143,462 |
The Alloy A Doubletree By Hilton Cpe Venue | 4/29/23 | $126,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,265,618 |
| Investment income | $7,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $54,550 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,327,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,464,696 |
| Pension plan accruals and contributions | $122,905 |
| Other employee benefits | $128,946 |
| Payroll taxes | $139,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,689 |
| Fees for services: Accounting | $3,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,687 |
| Office expenses | $124,690 |
| Information technology | $800,243 |
| Royalties | $0 |
| Occupancy | $182,001 |
| Travel | $109,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $886,184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276,396 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,912,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $761,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $86,362 |
| Net Land, buildings, and equipment | $163,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,682,113 |
| Other assets | $0 |
| Total assets | $2,841,172 |
| Accounts payable and accrued expenses | $109,365 |
| Grants payable | $0 |
| Deferred revenue | $427,390 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,477,509 |
| Total liabilities | $4,014,264 |
| Net assets without donor restrictions | -$1,173,092 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,841,172 |