American Institute Of Certified Public Accountants Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 136169602 ✦ Durham, NC ✦ Designated as a 501(c)(3)

Overview

What is American Institute Of Certified Public Accountants Foundation?

The American Institute of Certified Public Accountants Foundation is a nonprofit organization situated in Durham, North Carolina. Its primary mission is to foster the development and enhancement of accounting education by offering scholarships to Ph.D. accounting students aiming to address the shortage of such faculty members at universities and colleges across the U.S. The foundation has supported over 100 Accounting Doctoral Scholars Program (ADS) scholars and introduced the Two-Year Transfer Scholarship in 2013, which assists students studying business, accounting, finance, or economics at two-year colleges and planning to major in accounting at a four-year institution. Moreover, the foundation provides financial assistance to John L. Carey Scholarship Program recipients pursuing graduate accounting studies. The Accounting Program for Building the Profession seeks to educate high school teachers to teach advanced accounting courses, with a long-term goal of obtaining the College Board's approval for a high school curriculum and examination accredited for Advanced Placement. Beyond scholarships, the foundation focuses on programs promoting cultural diversity in the accounting profession, ethical business behavior, and financial literacy.


Official website here: www.aicpa.org

Is American Institute Of Certified Public Accountants Foundation legitimate?

American Institute Of Certified Public Accountants Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Institute Of Certified Public Accountants Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aicpa.org

What is the mission statement of American Institute Of Certified Public Accountants Foundation?

The American Institute of Certified Public Accountants Foundation aims to advance the field of accounting by enhancing and improving accounting education. They achieve this through various programs focusing on cultural diversity in the accounting profession, ethical business behavior, and financial literacy, among other initiatives. The foundation supports accounting PhD students with scholarships to address the shortage of PhD accounting faculty at colleges and universities. They also provide financial assistance to students transitioning from two-year colleges to four-year institutions to pursue accounting majors. Furthermore, the Accounting Program for Building the Profession trains high school educators to teach advanced accounting courses, with the goal of achieving College Board approval for an accredited high school curriculum and examination for advanced placement.


Official website here: www.aicpa.org

Who is the CEO of American Institute Of Certified Public Accountants Foundation?

Timothy Laspaluto is the Trustee of American Institute Of Certified Public Accountants Foundation.


Official website here: www.aicpa.org

What is the revenue of American Institute Of Certified Public Accountants Foundation?

American Institute Of Certified Public Accountants Foundation's revenue in 2022 was $1,200,256.


Official website here: www.aicpa.org

Who are the executives of American Institute Of Certified Public Accountants Foundation and what are their salaries?

Here are 20 key members and their salaries:

    Michael Decker (Secretary)
  • Compensation: $0
  • Related: $394,234
  • Other: $65,031

    • Timothy Laspaluto (Assistant Treasurer)
  • Compensation: $0
  • Related: $361,312
  • Other: $46,456

    • Joanne Fiore (Former Secretary)
  • Compensation: $0
  • Related: $345,234
  • Other: $57,700

    • Bridget Kaigler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Behn (Board Liaison (Outgoing)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charmone Adams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eduardo Jordan (Trustee (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernie Almonte (President (Outgoing)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frederick Niswander (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Guido Geerts (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Cormier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Mcclain (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jina Etienne (Trustee (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Horvath (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Fort (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Griego (Trustee (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Davenport (Board Liaison) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Thomas (Trustee/Treasurer (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Mckoy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theresa Golden (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aicpa.org

    Where can I find the form 990 for American Institute Of Certified Public Accountants Foundation?

    The American Institute Of Certified Public Accountants Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aicpa.org

    Learn more at the official website: www.aicpa.org

    Mission Statement of American Institute Of Certified Public Accountants Foundation

    The American Institute of Certified Public Accountants Foundation is committed to advancing the field of accounting and enhancing accounting education. Its mission involves conducting programs that promote cultural diversity within the accounting profession, foster ethical business behavior, and encourage financial literacy, among other initiatives. The organization aims to develop and improve accounting education by addressing the shortage of PhD accounting faculty at colleges and universities through scholarships. Over 100 students enrolled in accounting doctoral programs across the United States have benefited from these scholarships.

    In addition to its scholarship program, the American Institute of Certified Public Accountants Foundation also offers the Two-Year Transfer Scholarship, established in 2013. This award provides financial assistance to students at two-year colleges studying business, accounting, finance, or economics with a declared intent to major in accounting at a four-year college or university. Furthermore, the organization offers the John L. Carey Scholarship Program, providing financial aid for the pursuit of graduate accounting study.

    Another significant initiative by the American Institute of Certified Public Accountants Foundation is the Accounting Program for Building the Profession. This program aims to train high school educators to teach advanced accounting courses. The long-term goal is to achieve the College Board's approval of a high school curriculum and examination that is accredited for advanced placement. By investing in education and research, the American Institute of Certified Public Accountants Foundation is dedicated to shaping the future of the accounting profession and fostering a more knowledgeable and diverse workforce.

    Impact

    This information is meant to be a general summary of American Institute Of Certified Public Accountants Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The American Institute of Certified Public Accountants Foundation has a significant impact on the field of accountancy and education. Through its programs focusing on cultural diversity in the accounting profession, ethical business behavior, and financial literacy, among others, the foundation is dedicated to advancing the science of accountancy and improving accountancy education.

    Specifically, the foundation provides scholarships to accounting Ph.D. students to address the shortage of Ph.D. accounting faculty at colleges and universities. Over 100 AICPA Scholars are enrolled in accounting doctoral programs across the United States. Additionally, the foundation's two-year transfer scholarship assists students studying business, accounting, finance, or economics at two-year colleges who intend to major in accounting at a four-year institution.

    Moreover, the John L. Carey Scholarship program offers financial assistance to students pursuing graduate accounting study. The foundation also supports the Accounting Program for Building the Profession, which trains high school educators to teach advanced accounting courses with the goal of achieving accreditation for an advanced placement high school curriculum and examination.

    Overall, the American Institute of Certified Public Accountants Foundation plays a crucial role in supporting education, diversity, ethics, and financial literacy within the accounting profession, contributing to the development and improvement of accountancy education in the United States.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $368,856
  • Program Service Revenue: $0
  • Gross Receipts: $2,029,949

    • Assets and Liabilities:
  • Total Assets: $8,850,047
  • Total Liabilities: $691,913
  • Net Assets: $8,158,134
  • Organization Details

    Founding Year

    1922

    Principal Officer

    Timothy Laspaluto

    Main Address

    220 LEIGH FARM ROAD, DURHAM, NC, 277078110

    NTEE Category

    Code: B03 - Education

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