Overview
What is Foundation For Accounting Education Inc?
The Foundation For Accounting Education Inc, situated in New York City, primarily focuses on providing continuing professional education (CPE) necessary to maintain a CPA license in New York State. This organization is recognized and qualified by the New York State Department of Education. Under New York's accounting reform law, CPAs with a principal place of business in the state are required to complete a specific number of CPE hours annually. To meet this requirement, the Foundation offers a variety of courses, including seminars, technical sessions, online webinars, and conferences. These courses help participants stay updated on ever-changing regulations, technical and ethical issues, and best practices in accounting and auditing. During the COVID-19 pandemic, the Foundation shifted to virtual seminars and conferences to maintain safety measures. Beyond CPE, the Foundation's mission also includes engaging in education and research in the field of accountancy, offering scholarships for higher education degrees in accounting, conducting educational programs highlighting career opportunities in the accounting profession, and expanding knowledge in the accounting science. The Foundation employs teachers and staff for implementing continuing education programs and research projects, collaborates with other institutions and disciplines, and organizes accountants' study groups. To provide these services, the Foundation has an operating agreement with the New York State Society of CPAs, which provides business services, classroom and office space, and staffing in return for reimbursement.
Official website here: www.nysscpa.org
Is Foundation For Accounting Education Inc legitimate?
Foundation For Accounting Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Accounting Education 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.
Here are some key statistics you may want to consider:
Executive Compensation: $225,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,179,262
For more financial information, click here
What is the mission statement of Foundation For Accounting Education Inc?
The Foundation for Accounting Education Inc. is committed to advancing education and research in the field of accounting. They provide scholarships for individuals pursuing higher education degrees in accounting and organize educational programs to highlight career opportunities in the accounting profession. The foundation aims to improve and develop education in accounting and other professional areas, expand knowledge in the accounting science, and collaborate with other institutions for joint programs. They encourage publishing books and pamphlets on accounting and seek grants and funding for educational and research projects. The Foundation for Accounting Education Inc. also offers educational services to members of the New York State Society of Certified Public Accountants (NYSSCPA) and reimburses the NYSSCPA for various services such as office space and staffing.
Official website here: www.nysscpa.org
Who is the CEO of Foundation For Accounting Education Inc?
Calvin Harris Jr is the President of Foundation For Accounting Education Inc.
Official website here: www.nysscpa.org
What is the revenue of Foundation For Accounting Education Inc?
Foundation For Accounting Education Inc's revenue in 2022 was $2,606,275.
Official website here: www.nysscpa.org
Who are the executives of Foundation For Accounting Education Inc and what are their salaries?
The average compensation at Foundation For Accounting Education Inc during 2022 was $33,447. There are 42 employees and 544 volunteers at Foundation For Accounting Education Inc.
Here are 12 key members and their salaries:
- Joanne S Barry (Executive Director)
- Ernest Markezin (Director Of Quality Enhancement)
- Patrick Payano (Chief Financial Officer)
- Revira Brennan (Coo)
- Emily Frizzell (Chief Marketing)
- Denise Stefano (President) [Trustee/Director]
- J Michael Kirkland (Trustee)
- John Lauchert (Trustee)
- Kenneeth Gralak (Trustee)
- Kevin Matz (Trustee)
- Patricia Johnson (President-Elect) [Trustee/Director]
- Thomas S Pirro (Secretary/Treasurer) [Trustee/Director]
Official website here: www.nysscpa.org
Where can I find the form 990 for Foundation For Accounting Education Inc?
The Foundation For Accounting Education Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nysscpa.org
Learn more at the official website: www.nysscpa.org
Mission Statement of Foundation For Accounting Education Inc
The Foundation for Accounting Education Inc is dedicated to engaging in educational and research activities within the field of accountancy. This organization aims to provide scholarships for individuals pursuing higher education degrees in accounting and conduct educational programs that highlight career opportunities in the accounting profession. Furthermore, the Foundation strives to develop and improve education in accountancy and other professional areas, as well as expand knowledge in the accounting science.
To accomplish its mission, the Foundation employs teachers and staff to implement continuing education programs and research projects. It also collaborates with other institutions and disciplines to establish beneficial relationships with educators and educational institutions. The Foundation organizes accountants' study groups focused on specific topics in accountancy and encourages the publication of books and pamphlets on the subject. Additionally, the organization secures grants and funding for educational and research projects.
In terms of operational aspects, the Foundation has entered into an agreement with the New York State Society of Certified Public Accountants (NYSSCPA) board of directors. Under this agreement, the NYSSCPA provides business services, staffing, classroom space, registration, and office support to the Foundation, which then reimburses the NYSSCPA. The agreement also includes provisions for a discretionary annual grant from the NYSSCPA to the Foundation, as well as provisions for the use of intellectual property, confidentiality, indemnification, and various other miscellaneous provisions. In essence, the Foundation for Accounting Education Inc serves as a hub for accountancy education and research, fostering growth and knowledge in the field.
Impact
This information is meant to be a general summary of Foundation For Accounting Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Foundation For Accounting Education Inc's impact is significant in the field of accountancy education and professional development. By providing continuing professional education required for maintaining a CPA license in New York State, FAE plays a vital role in keeping accountants updated on regulations, technical issues, and best practices in accounting and auditing. This helps CPAs enhance their skills and stay competitive in the ever-evolving accounting landscape. Additionally, FAE offers scholarships for higher education degrees in accounting, conducts career-oriented educational programs, and collaborates with other institutions to expand knowledge in the accounting science. By facilitating education, research, and professional development opportunities, FAE contributes to the growth and excellence of the accounting profession.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$1,519,157
Organization Details
Founding Year
1972
Phone
(212) 719-8300
Principal Officer
Calvin Harris Jr
Main Address
14 WALL STREET 19TH FLOOR, NEW YORK, NY, 10005
Website
www.nysscpa.org
NTEE Category
Code: B50I - Education
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