Ficpa Scholarship Foundation Inc
- Assets
- $3.0m
- Revenue
- $317.6k
- Investments
- $0.0
- Employees
- 0
- Location
- orlando, FL
- Founding
- 07/1960
- Data as of
- 06/2022
- EIN
- 59-6152454
Organization Overview
Ficpa Scholarship Foundation Inc is located in orlando, FL. The organization was established in 1960. 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. Ficpa Scholarship 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 06/2022, Ficpa Scholarship Foundation Inc generated $317.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $265.3k 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
OUR MISSION IS TO PROVIDE SUPPORT AND FOSTER SUCCESS FOR CURRENT AND FUTURE CPAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: 1. FICPA EDUCATIONAL FOUNDATION SCHOLARSHIPS TO 4TH & 5TH YEAR ACCOUNTING STUDENTS IN FLORIDA COLLEGES AND UNIVERSITIES WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE SEMESTER) 2. 1040K WALK/RUN SCHOLARSHIPS TO 4TH & 5TH YEAR, PROVIDES SCHOLARSHIPS TO MINORITY ACCOUNTING STUDENTS IN THE SOUTH FLORIDA AREA WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA (ONE SEMESTER), ONE OF WHICH GOES TO AN AFRICAN AMERICAN ACCOUNTING STUDENT. 3. WALTER A. FRIEDLY MEMORIAL SCHOLARSHIPS TO 4TH & 5TH YEAR ACCOUNTING STUDENTS FROM PALM BEACH, BROWARD, MIAMI-DADE AND MONROE COUNTIES IN FLORIDA WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE SEMESTER) 4. JAMES WILCOX AFRICAN-AMERICAN 5TH YEAR SCHOLARSHIPS TO ACCOUNTING MAJORS BEGINNING A 5TH YEAR/MASTERS PROGRAM IN FLORIDA COLLEGES AND UNIVERSITIES WHO DESIRE TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE YEAR/TWO SEMESTERS) GRANTS: 1. WALTER A. FRIEDLY MEMORIAL SCHOLARSHIPS ARE FUNDED FROM THE WALTER A. FRIEDLY MEMORIAL SCHOLARSHIP FUND ESTABLISHED THROUGH THE COMMUNITY FOUNDATION OF BROWARD. 2. JAMES WILCOX AFRICAN-AMERICAN 5TH YEAR SCHOLARSHIPS ARE FUNDED FROM A ONE MILLION DOLLAR MATCHING GRANT FROM THE COULTER FOUNDATION.
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 |
|---|---|---|---|
Donna Son Cheif Operating Officer | Officer | 1 | $0 |
Shelly Weir Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Paul Brown Director Of Technical Services | 0 | $0 | |
Jeff Conway Chief Financial Officer | Officer | 1 | $0 |
Justin Thames Chief External Affairs Officer | Officer | 0 | $0 |
Kristin High Chief Financial Officer | Officer | 1 | $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 | $113,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,129 |
| Total Program Service Revenue | $0 |
| Investment income | $55,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,212 |
| Net Income from Fundraising Events | $65,877 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $199,575 |
| 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 | $12,745 |
| 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 | $19,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,270 |
| Office expenses | $277 |
| Information technology | $2,121 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,471 |
| 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 | $8,430 |
| Total functional expenses | $265,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,391 |
| Accounts receivable, net | $7,402 |
| 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 | $15,618 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,626,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,024,093 |
| Accounts payable and accrued expenses | $225,059 |
| Grants payable | $0 |
| Deferred revenue | $42,636 |
| 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 | $267,695 |
| Net assets without donor restrictions | $629,096 |
| Net assets with donor restrictions | $2,127,302 |
| 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 | $3,024,093 |