Educational Foundation Of The Mo Soc Of Cert Pub Accts Inc
- Assets
- $908.3k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 01/1970
- Data as of
- 06/2023
- EIN
- 23-7028488
Organization Overview
Educational Foundation Of The Mo Soc Of Cert Pub Accts Inc is located in St Louis, MO. The organization was established in 1970. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., 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. Educational Foundation Of The MO Soc Of Cert Pub Accts Inc 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 06/2023, Educational Foundation Of The MO Soc Of Cert Pub Accts Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. 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 ACCOUNTING RELATED EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL EDUCATION (CPE): THE FOUNDATION OFFERS EDUCATIONAL COURSES IN A VARIETY OF FORMATS (INCLUDING IN-PERSON AND SELF-STUDY) TO HELP MEET THE EDUCATIONAL AND LICENSING NEEDS OF THE ACCOUNTING INDUSTRY.
SCHOLARSHIPS: THE FOUNDATION PROVIDES SCHOLARSHIP OPPORTUNITIES FOR STUDENTS INTERESTED IN PURSUING COLLEGE EDUCATION IN THE FIELD OF ACCOUNTING AT A MISSOURI UNIVERSITY OR COLLEGE. HIGH SCHOOL SENIORS ARE ELIGIBLE FOR $500 SCHOLARSHIPS AND RECIPIENTS OF COLLEGE SCHOLARSHIPS ARE AWARDED $1,000. SCHOLARSHIP RECIPIENTS ARE SELECTED BASED ON AN EVALUATION OF THEIR PERSONAL AND ACADEMIC EXPERIENCES AND THEIR DESIRE TO BECOME A CPA. THE FOUNDATION PROVIDED 36 SCHOLARSHIPS DURING THE LAST FISCAL YEAR.
PROFESSIONAL ETHICS EXAM: ALL CPA EXAM CANDIDATES MUST TAKE AND PASS THE ETHICS EXAMINATION. ETHICS IS AN EXAM WRITTEN AND GRADED BY THE AMERICAN INSTITUTE OF CPAS (AICPA). CPA CANDIDATES MAY TAKE THE ETHICS EXAM AT ANY TIME DURING THE LICENSURE PROCESS. THE FOUNDATION IS AN AUTHORIZED PROVIDER OF THE AICPA ETHICS EXAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Higgins CPA PHD Chair | OfficerTrustee | 1 | $0 |
Brett Lewis CPA Secretary | OfficerTrustee | 1 | $0 |
Jennifer Vacha CPA Cgma Treasurer | OfficerTrustee | 1 | $0 |
Dawn Anderson CPA Member | Trustee | 1 | $0 |
Vairam Arunachalam PHD Cma Member | Trustee | 1 | $0 |
Matthew Glendening Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $254,230 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $486,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $740,875 |
| Total Program Service Revenue | $975,938 |
| Investment income | $14,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,666 |
| 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 | $1,737,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,134 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,009 |
| Pension plan accruals and contributions | $10,142 |
| Other employee benefits | $17,401 |
| Payroll taxes | $26,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,899 |
| Fees for services: Accounting | $5,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,356 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,279 |
| Advertising and promotion | $0 |
| Office expenses | $39,635 |
| Information technology | $41,152 |
| Royalties | $0 |
| Occupancy | $75,636 |
| Travel | $4,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602 |
| Insurance | $4,894 |
| All other expenses | $1,443 |
| Total functional expenses | $1,239,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $202,300 |
| Accounts receivable, net | $4,002 |
| 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 | $7,411 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $513,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $908,336 |
| Accounts payable and accrued expenses | $51,816 |
| Grants payable | $0 |
| Deferred revenue | $15,981 |
| 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 | $23,077 |
| Total liabilities | $90,874 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $817,462 |
| 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 | $908,336 |