Vscpa Educational Foundation Inc
- Assets
- $1.9m
- Revenue
- $373.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Allen, VA
- Founding
- 04/1986
- Data as of
- 04/2024
- EIN
- 54-1302626
Organization Overview
Vscpa Educational Foundation Inc is located in Glen Allen, VA. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vscpa Educational Foundation 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 04/2024, Vscpa Educational Foundation Inc generated $373.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $161.5k during the year ending 04/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO ATTRACTING FUTURE CPAS BY PROMOTING FINANCIAL AND ACCOUNTING EDUCATION, REWARDING ACADEMIC EXCELLENCE AND ENCOURAGING STUDENTS TO PURSUE PROMISING CAREERS IN ACCOUNTING. THE FOUNDATION SUPPORTS STUDENTS AND EDUCATORS IN VIRGINIA THROUGH UNDERGRADUATE, MINORITY AND GRADUATE SCHOLARSHIPS, GRANTS AND AWARD/RECOGNITION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE ANNUAL VIRGINIA ACCOUNTING AND AUDITING CONFERENCE, CO-SPONSORED BY VIRGINIA TECH.
THE FOUNDATION OFFERS COLLEGE SCHOLARSHIPS IN THE FOLLOWING CATEGORIES: UNDERGRADUATE, MINORITY, GRADUATE AND DOCTORAL, AND NAMED SCHOLARSHIPS. IN ADDITION, THE FOUNDATION MAY OFFER GRANTS TO HELP SUPPORT ACCOUNTING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie R Peters President & CEO | OfficerTrustee | 5 | $0 |
Jennifer S Lehman Chair | OfficerTrustee | 0.5 | $0 |
Christine B Williamson Chair-Elect | OfficerTrustee | 0.5 | $0 |
Krystal R Mccants Vice Chair | OfficerTrustee | 0.5 | $0 |
John M Waters Vice Chair | OfficerTrustee | 0.5 | $0 |
John W Reynolds Vice Chair | OfficerTrustee | 0.5 | $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 | $256,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,082 |
| Total Program Service Revenue | $85,000 |
| Investment income | $43,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| Grants and other assistance to domestic individuals. | $61,500 |
| 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 | $2,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,508 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| 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 | $161,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $520,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,170 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,355,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,393 |
| Total assets | $1,880,122 |
| 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 | $795,083 |
| Net assets with donor restrictions | $1,085,039 |
| 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 | $1,880,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Mcintire School Of Commerce Foundation Charlottesville, VA | $162,965,294 | $19,380,565 |
American Association For Physician Leadership Inc Washington, DC | $4,464,689 | $7,444,274 |
Investor Protection Tr Washington, DC | $6,833,520 | $717,454 |
William & Mary Business School Foundation Williamsburg, VA | $93,537,218 | $9,533,267 |
Vscpa Educational Foundation Inc Glen Allen, VA | $1,880,122 | $373,443 |
Robert H Smith School Of Business Foundation Inc Potomac, MD | $11,528,240 | $689,261 |
Virginia Future Business Leaders Of America Phi Beta Lambda Foundation Midlothian, VA | $493,054 | $0 |