Overview
What is Connecticut Society Of Cpas Accounting Scholarship Foundation?
The Connecticut Society of CPAs Accounting Scholarship Foundation is a nonprofit organization situated in Rocky Hill, Connecticut. Their primary mission is to foster academic excellence and encourage individuals with good character to pursue a post-secondary education in accounting. They achieve this goal by offering grants, scholarships, and various programming to educational institutions at both the secondary and college/university levels within Connecticut. The organization's objective is to nurture future accounting professionals and motivate them to join the accounting profession in the state of Connecticut.
Official website here: www.ctcpas.org/asftrustees
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% - Four-Star out of Four Star Rating
The Connecticut Society Of CPAs Accounting Scholarship Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored particularly well in areas such as having an independent board and a low liabilities to assets ratio, which indicates sound financial management.
A noteworthy highlight is that the foundation has a 100% independent board, which is crucial for maintaining objectivity and transparency in decision-making. Furthermore, the program expense ratio stands at 82.04%, signifying that a significant majority of its expenditures are directed toward its mission-related activities.
However, the foundation does have a limitation, as it lacks a formal conflict of interest policy. While this could raise concerns about governance practices, the overall financial health and operational integrity of the organization remain strong, as evidenced by its high accountability score and absence of any material diversion of assets.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Society Of Cpas Accounting Scholarship Foundation legitimate?
Connecticut Society Of Cpas Accounting Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Society Of Cpas Accounting Scholarship 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.
Heare 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.ctcpas.org/asftrustees
What is the mission statement of Connecticut Society Of Cpas Accounting Scholarship Foundation?
The Connecticut Society of CPAs Accounting Scholarship Foundation is committed to attracting, developing, and supporting individuals of high academic achievement and good character. Their mission is to fund and award scholarships, fellowships, and other awards, with the aim of helping these individuals obtain a post-secondary education in accounting. Furthermore, the foundation encourages these individuals to join the accounting profession in the state of Connecticut. This is achieved by providing financial assistance to individuals and student accounting societies, thereby fostering the growth of the accounting profession.
Official website here: www.ctcpas.org/asftrustees
Who is the CEO of Connecticut Society Of Cpas Accounting Scholarship Foundation?
Unavailable
Official website here: www.ctcpas.org/asftrustees
What is the revenue of Connecticut Society Of Cpas Accounting Scholarship Foundation?
Connecticut Society Of Cpas Accounting Scholarship Foundation's revenue in 2022 was $79,845.
Official website here: www.ctcpas.org/asftrustees
Who are the executives of Connecticut Society Of Cpas Accounting Scholarship Foundation and what are their salaries?
There 20 volunteers at Connecticut Society Of Cpas Accounting Scholarship Foundation.
Here are 9 key members and their salaries:
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Official website here: www.ctcpas.org/asftrustees
Where can I find the form 990 for Connecticut Society Of Cpas Accounting Scholarship Foundation?
Connecticut Society Of Cpas Accounting Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctcpas.org/asftrustees
Learn more at the official website: www.ctcpas.org/asftrustees
Mission Statement of Connecticut Society Of Cpas Accounting Scholarship Foundation
The Connecticut Society of CPAs Accounting Scholarship Foundation is committed to drawing in, nurturing, and backing individuals of exceptional academic prowess and commendable character. Its primary objective is to help these individuals acquire a post-secondary education in accounting. By offering scholarships, fellowships, and various awards, the foundation encourages these individuals to join the accounting profession within the state of Connecticut. The mission of this organization is not just about providing financial aid but also fostering a sense of belonging within the accounting profession for these scholars.
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Impact
August, 2024
The Connecticut Society Of CPAs Accounting Scholarship Foundation's impact is profound in its mission to attract, develop, and support individuals of high academic achievement and good character to pursue post-secondary education in accounting. By funding and awarding scholarships, fellowships, and other awards, the Foundation plays a crucial role in encouraging future accountants in the state of Connecticut. Through its support for educational institutions at both secondary and college/university levels, the Foundation increases awareness of the accounting profession and fosters a pipeline of talented individuals poised to contribute to the field. This dedicated effort uplifts aspiring accountants, enabling them to pursue their educational goals and ultimately become valuable members of the accounting community in Connecticut.
This information is meant to be a general summary of Connecticut Society Of Cpas Accounting Scholarship Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53,573
- Gross Receipts: $209,220
Assets and Liabilities:
- Total Assets: $1,024,462
- Total Liabilities: $0
- Net Assets: $1,024,462
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Organization Details
Founding Year
1952
Phone
(860) 258-4800Main Address
716 Brook Street 100, Rocky Hill, CT, 060673433
Website
www.ctcpas.org/asftrusteesNTEE Category
Code: B82 - Education
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