Maryland Association Of Certified Public Accnts Educ Fndtn Inc
- Assets
- $630.8k
- Revenue
- $187.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Towson, MD
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 52-1787902
Organization Overview
Maryland Association Of Certified Public Accnts Educ Fndtn Inc is located in Towson, MD. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Association Of Certified Public Accnts Educ Fndtn 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 06/2022, Maryland Association Of Certified Public Accnts Educ Fndtn Inc generated $187.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $59.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MACPA EDUCATIONAL FOUNDATION'S PURPOSE IS TO ENCOURAGE STUDENTS TO PURSUE CAREERS AS CERTIFIED PUBLIC ACCOUNTANTS AND TO CARRY ON CERTAIN CHARITABLE AND EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING STUDENTS. 5 SCHOLARSHIPS WERE GIVEN BASED ON NEED, MERIT, AND THE DESIRE TO PURSUE A CAREER AS A CERTIFIED PUBLIC ACCOUNTANT AS WELL AS VARIOUS PIPELINE, DIVERSITY, AND INCLUSION INITIATIVES.
THE FOUNDATION ENGAGED IN A SERIES OF NEW EDUCATIONAL EVENTS AND OUTREACH PROGRAMS DURING THE 2022 FISCAL YEAR END, INCLUDING RECOGNITION EVENTS OF NEW CPAS AS WELL AS CELEBRATING THE ACHIEVEMENTS OF CURRENT PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Brown Chief Executive Officer | OfficerTrustee | 0.2 | $0 |
Francis Falatko Chief Financial Officer | Officer | 0.2 | $0 |
Kimberly N Ellison-Taylor Chair | Trustee | 0.2 | $0 |
Avonette Blanding Secretary | Trustee | 0.2 | $0 |
Samantha Bowling Director | Trustee | 0.2 | $0 |
Patrick M Byer Sr Director | Trustee | 0.2 | $0 |
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 | $84,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,633 |
| Total Program Service Revenue | $0 |
| Investment income | $8,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,037 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $59,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,892 |
| Savings and temporary cash investments | $49,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,595 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $453,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $630,802 |
| Accounts payable and accrued expenses | $4,531 |
| 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 | $4,531 |
| Net assets without donor restrictions | $587,254 |
| Net assets with donor restrictions | $39,017 |
| 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 | $630,802 |
Endowment Analysis
| Beg. Balance | $48,501 |
| Earnings | -$8,484 |
| Other Expense | $1,000 |
| Ending Balance | $39,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |