Overview
What is Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc?
The Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc, located in Waukesha, Wisconsin, is a nonprofit organization committed to fostering interest in accounting and business among high school students, particularly those from minority groups. Their primary mission involves supporting programs that enhance awareness and perceptions about the exciting opportunities in the accounting profession. This is achieved through initiatives such as grant awards and the Young Entrepreneurial Scholars (Y.E.S.) program, which encourages young individuals to consider accounting as a major or career choice. The foundation plays a vital role in educating both students and educators about the rewards and prospects in the accounting field.
Official website here: www.wicpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc has achieved an impressive score of 97%, which reflects strong performance in accountability and finance. This high rating indicates the organization operates with transparency and integrity, making it a reliable choice for donors. The score is derived solely from the Accountability & Finance beacon, demonstrating a focused commitment to these critical aspects of nonprofit management.
One of the foundation's notable strengths is its governance structure, with a fully independent board consisting of 10 members, which promotes unbiased decision-making. Additionally, the foundation has established robust policies such as a conflict of interest policy and a whistleblower policy, both of which are essential for maintaining ethical standards. The organization also demonstrates fiscal responsibility with a very low liabilities to assets ratio of 1.79% and a strong program expense ratio of 86.03%, indicating that a significant portion of its funds are directed towards its educational initiatives.
While the foundation exhibits many strengths, the data provided focuses primarily on its financial and governance metrics, which do not provide insight into the programmatic impact or effectiveness of its educational initiatives. However, the strong financial health and adherence to accountability practices suggest that the foundation is well-positioned to fulfill its mission effectively. Overall, the Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc is a commendable nonprofit with a solid financial and governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc legitimate?
Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc 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:
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Official website here: www.wicpa.org
What is the mission statement of Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc?
The Wisconsin Institute of Certified Public Accountants' Education Foundation Inc plays a significant role in promoting awareness and enhancing perceptions about the promising opportunities in the accounting profession. This is achieved through education, specifically targeting students and educators. The foundation runs a High School Program, which includes providing Awareness Grants and supporting the Young Entrepreneurial Scholars (Y.E.S.) Program. The aim of the Y.E.S. Program is to attract young, entrepreneurial scholars from minority groups to consider pursuing a major and a career in accounting or business.
Official website here: www.wicpa.org
What is the revenue of Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc?
Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc's revenue in 2024 was $160,252.
Official website here: www.wicpa.org
Who are the executives of Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $282,423
- Other: $31,595
Official website here: www.wicpa.org
Where can I find the form 990 for Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc?
Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wicpa.org
Learn more at the official website: www.wicpa.org
Mission Statement of Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc
The Wisconsin Institute of Certified Public Accountants' Education Foundation Inc plays a significant role in promoting awareness and shifting perceptions concerning the exciting opportunities available in accounting professions. With a mission to educate both students and educators, this organization aims to attract young entrepreneurs, particularly from minority groups, to consider pursuing a major and building a career in accounting or business. To achieve this goal, they have implemented various programs, including the Awareness Grants and the Young Entrepreneurial Scholars (Y.E.S.) program. The Y.E.S. program specifically intends to inform and engage young individuals from underrepresented groups, encouraging them to explore the vast possibilities within the accounting and business fields.
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Impact
October, 2024
The Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc significantly impacts the education and career prospects of young potential accountants and business professionals, particularly those from minority groups. Through programs such as awareness grants and the Young Entrepreneurial Scholars (Y.E.S.) program, the foundation actively informs and attracts students to the fields of accounting and business.
By focusing on education and awareness, the organization helps to improve perceptions of these career paths, showcasing the exciting opportunities available within the accounting profession. This initiative not only empowers students but also broadens the pipeline of diverse talent entering the field, ultimately contributing to a more inclusive and representative workforce in accounting and business sectors. The foundation's efforts are instrumental in shaping the future of aspiring professionals and enhancing the overall landscape of the industry.
This information is meant to be a general summary of Wisconsin Institute Of Certified Public Accountants' Education Foundation Inc. 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 2024.
- Investment Income: $45,846
- Gross Receipts: $839,476
Assets and Liabilities:
- Total Assets: $2,059,955
- Total Liabilities: $36,875
- Net Assets: $2,023,080
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Organization Details
Founding Year
1959
Principal Officer
Tammy Hofstede
Website
www.wicpa.orgNTEE Category
Code: B82 - Education
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