Overview
What is Washington Cpa Foundation?
The Washington CPA Foundation is a nonprofit organization situated in Bellevue, Washington. Its primary mission is to strengthen and expand the accounting profession by investing in and advancing its knowledge base. To achieve this, the foundation offers scholarships to college-level accounting students and PhD candidates, aiming to enrich the accounting field. Furthermore, it grants funds to organizations with programs or events that aim to increase diversity within the CPA pipeline in Washington. The foundation's activities are centered around bolstering the accounting profession and ensuring its continued growth.
Official website here: www.wscpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Washington CPA Foundation has received an 83% score from Charity Navigator, which indicates a solid performance in accountability and finance. Notably, the organization benefits from a fully independent board, with 10 members, and demonstrates responsible financial practices, evidenced by a good liabilities to assets ratio of 45.10%. The high program expense ratio of 76.53% suggests that the majority of its funds are directed towards its charitable programs.
Despite its strengths, the organization has some areas for improvement. It lacks a whistleblower policy and a document retention and destruction policy, both of which are important for governance and transparency. While the foundation has effectively documented its board meeting minutes, the absence of these policies could raise concerns regarding accountability and the protection of individuals reporting misconduct.
Overall, the Washington CPA Foundation shows a commitment to responsible financial management and governance, yet it should address its missing policies to enhance its operational integrity further.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Cpa Foundation legitimate?
Washington Cpa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Cpa 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.
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Official website here: www.wscpa.org
What is the mission statement of Washington Cpa Foundation?
The Washington CPA Foundation's mission is centered around strengthening and expanding the accounting profession. To achieve this, the foundation focuses on advancing and investing in the field. Their strategies include providing scholarships for college-level accounting students and PhD candidates, aiming to enhance the overall knowledge base within the accounting profession. Additionally, the foundation grants funds to organizations with programs or events that aim to improve the diversity of the CPA pipeline in Washington.
Official website here: www.wscpa.org
What is the revenue of Washington Cpa Foundation?
Washington Cpa Foundation's revenue in 2024 was $172,629.
Official website here: www.wscpa.org
Who are the executives of Washington Cpa Foundation and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $97,602
- Other: $14,889
Official website here: www.wscpa.org
Where can I find the form 990 for Washington Cpa Foundation?
Washington Cpa Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wscpa.org
Learn more at the official website: www.wscpa.org
Mission Statement of Washington Cpa Foundation
The Washington CPA Foundation, a dedicated organization, is committed to enhancing and expanding the accounting profession. Its mission is centered around advancing and investing in the accounting field. This is achieved by providing opportunities for growth and knowledge. The foundation accomplishes this by offering scholarships to college-level accounting students and PhD candidates, aiming to enrich the knowledge base within the accounting profession. Moreover, the Washington CPA Foundation lends financial support to organizations that host programs or events designed to boost diversity within the CPA pipeline in the state of Washington.
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Impact
October, 2024
The Washington CPA Foundation significantly impacts the accounting profession by strengthening its future through targeted scholarships and grants. By providing financial support to college-level accounting students and PhD candidates, it enhances the knowledge base within the field, ensuring a well-prepared workforce. Additionally, the foundation actively invests in initiatives that promote diversity in the CPA pipeline, collaborating with organizations to create programs aimed at attracting a broader range of candidates to the profession. This dual approach not only helps to empower the next generation of accountants but also fosters a more inclusive environment within the industry. Through its efforts, the foundation is playing a crucial role in shaping the future of accounting in Washington.
This information is meant to be a general summary of Washington Cpa 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 2024.
- Investment Income: $68,119
- Program Service Revenue: $25,000
- Gross Receipts: $172,629
Assets and Liabilities:
- Total Assets: $5,142,410
- Total Liabilities: $2,319,417
- Net Assets: $2,822,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOLARSHIP ADMINISTRA
Revenue
$25,000
Organization Details
Founding Year
1974
Principal Officer
Janelle M Anderson
Website
www.wscpa.orgNTEE Category
Code: B82 - Education
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