Arizona Cpa Foundation For Education And Research
- Assets
- $421.7k
- Revenue
- $26.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/1974
- Data as of
- 04/2023
- EIN
- 23-7339629
Organization Overview
Arizona Cpa Foundation For Education And Research is located in Phoenix, AZ. The organization was established in 1974. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Cpa 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, Arizona Cpa Foundation For Education And Research generated $26.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $38.0k 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
SUPPORTS EFFORTS TO ATTRACT AND RETAIN THE HIGHEST QUALITY INDIVIDUALS TO THE PROFESSION OF SUPPORTS EFFORTS TO ATTRACT AND RETAIN THE HIGHEST QUALITY INDIVIDUALS TO THE PROFESSION OF ACCOUNTANCY BY ENRICHING THEIR EDUCATIONAL AND PROFESSIONAL EXPERIENCE. WE DO SO BY GRANTING SCHOLARSHIPS AND RECOGNIZING OUTSTANDING ACCOUNTING FACULTY THAT ARE PREPARING STUDENTS FOR A CAREER AS A CPA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED TO ACCOUNTING STUDENTS AND HIGH SCHOOL STUDENTS IN ORDER TO ASSIST THOSE WITH SPECIAL TALENTS TO FURTHER THEIR EDUCATION IN ACCOUNTING. 8 SCHOLARSHIPS WERE FUNDED IN THE 2022/2023 YEAR.
AN EXCELLENCE IN TEACHING AWARD IS GIVEN EACH YEAR TO ONE OF THE THREE ARIZONA STATE-SUPPORTED UNIVERSITIES IN HONOR OF ONE OF ITS UNIVERSITY PROFESSORS AND HIS/HER CONTRIBUTION TO THE ACCOUNTING PROFESSION AS AN EDUCATOR IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Duensing Chair | OfficerTrustee | 2 | $0 |
Lauren Murro Secretary/treasurer | OfficerTrustee | 2 | $0 |
Eugene Park Vice Chair | OfficerTrustee | 2 | $0 |
Nancy Thomas Director | Trustee | 2 | $0 |
David Richardson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,819 |
| Total Program Service Revenue | $0 |
| Investment income | $7,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $26,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,944 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,051 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,533 |
| 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 | $7,368 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $370,546 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $421,709 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $421,709 |
| 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 | $421,709 |