Overview
What is Cpa Endowment Fund Of Illinois?
The Cpa Endowment Fund of Illinois is a nonprofit organization situated in Chicago, Illinois, primarily focused on supporting high-achieving accounting students pursuing their degrees at Illinois universities. Their mission is to foster a robust, talented, and diverse CPA profession in Illinois by encouraging individuals to pursue accounting as a career and helping students, particularly those in need, achieve the CPA qualification. The fund primarily awards scholarships to students in their fourth and fifth year of study, recognizing the significant challenges that the fifth year often presents to aspiring CPAs. To enhance diversity within the profession, certain scholarships are specifically designated for minority and women students, nurturing future female leaders in the field. Furthermore, the fund provides a financial award to cover the CPA examination fees for many accounting students and new graduates, mitigating the financial burden that often impedes their journey to becoming CPAs. In summary, the Cpa Endowment Fund of Illinois is committed to nurturing the next generation of talented and diverse CPAs in Illinois through scholarships and financial support.
Official website here: www.icpas.org/endowment.htm
Is Cpa Endowment Fund Of Illinois legitimate?
Cpa Endowment Fund Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cpa Endowment Fund Of Illinois 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: $111,609
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Official website here: www.icpas.org/endowment.htm
What is the mission statement of Cpa Endowment Fund Of Illinois?
The CPA Endowment Fund of Illinois's mission is to strengthen the accounting profession by encouraging individuals to pursue a career in accounting and becoming Certified Public Accountants (CPAs). They achieve this goal by providing scholarships to high-achieving accounting students, particularly those in their final years of study, to help alleviate financial burdens and support their journey towards becoming CPAs. The fund also offers a financial award to cover the cost of the CPA examination for many accounting students and new graduates, thereby removing a potential obstacle in their path to becoming CPAs. Additionally, certain scholarships are designated for minority and women students to promote diversity within the profession and foster future women leaders.
Official website here: www.icpas.org/endowment.htm
Who is the CEO of Cpa Endowment Fund Of Illinois?
Geoffrey Brown is the Director - President of Cpa Endowment Fund Of Illinois. The CEO's salary of Cpa Endowment Fund Of Illinois is $0 and their total compensation is $13,846.
Official website here: www.icpas.org/endowment.htm
What is the revenue of Cpa Endowment Fund Of Illinois?
Cpa Endowment Fund Of Illinois's revenue in 2023 was $433,921.
Official website here: www.icpas.org/endowment.htm
Who are the executives of Cpa Endowment Fund Of Illinois and what are their salaries?
There 50 volunteers at Cpa Endowment Fund Of Illinois.
Here are 24 key members and their salaries (Cpa Endowment Fund Of Illinois's CEO's salary is $0 and their total compensation is $13,846):
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- Other: $56,726
Official website here: www.icpas.org/endowment.htm
Where can I find the form 990 for Cpa Endowment Fund Of Illinois?
Cpa Endowment Fund Of Illinois's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.icpas.org/endowment.htm
Learn more at the official website: www.icpas.org/endowment.htm
Mission Statement of Cpa Endowment Fund Of Illinois
The Cpa Endowment Fund of Illinois, a nonprofit organization, is dedicated to serving the public by encouraging accounting as a career and providing financial aid to college students. Its mission is to ensure a strong, talented, and diverse CPA profession in Illinois. The fund achieves this by inspiring individuals to choose accounting as a career path and become CPAs, and by supporting students, particularly those in need, in achieving their CPA credentials.
One of the primary ways the Cpa Endowment Fund of Illinois accomplishes its mission is by awarding scholarships to high-achieving accounting students at Illinois universities. These scholarships are primarily given to students in their final years of study, as the fifth year can present significant challenges for ambitious young people aiming to join the CPA profession. The fund also has scholarships specifically designated for minority and women students to promote diversity within the profession and support future women leaders.
In addition to providing scholarships, the Cpa Endowment Fund of Illinois also offers a financial award to help accounting students and new graduates overcome the cost of the CPA examination. For many individuals, this expense can be a significant obstacle in their journey to becoming CPAs. By reimbursing qualified candidates for the NASBA fee, the fund removes this financial barrier and helps more individuals succeed in their pursuit of a career in accounting.
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Impact
October, 2024
The CPA Endowment Fund of Illinois significantly impacts the landscape of accounting education and the profession by providing crucial financial support to aspiring CPAs. Through its scholarship programs, the organization enables high-achieving accounting students at Illinois universities, especially those in their fourth and fifth years, to focus on their studies without the added burden of financial stress. This support is vital as the fifth year can often represent a significant hurdle for many students striving to enter the CPA profession.
Furthermore, the Fund emphasizes diversity within the field by specifically allocating certain scholarships for minority and women students. By doing so, it not only encourages a more inclusive environment in accounting but also nurtures future women leaders in the profession.
In addition to educational scholarships, the CPA Endowment Fund offers a CPA Exam Award to assist with the costs associated with taking the CPA examination. This financial assistance helps remove barriers for many candidates, ensuring that qualified individuals have the opportunity to pursue their CPA credential without being hindered by examination fees.
Through these initiatives, the Fund plays an essential role in shaping a strong, talented, and diverse CPA workforce in Illinois, ultimately enhancing the profession and ensuring its sustainability for future generations.
This information is meant to be a general summary of Cpa Endowment Fund Of Illinois. 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 2023.
- Investment Income: $152,903
- Gross Receipts: $665,313
Assets and Liabilities:
- Total Assets: $5,260,549
- Total Liabilities: $12,931
- Net Assets: $5,247,618
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Organization Details
Founding Year
1998
Phone
(312) 993-0407Principal Officer
Geoffrey Brown
Main Address
550 W JACKSON 900, CHICAGO, IL, 606615716
Website
www.icpas.org/endowment.htmNTEE Category
Code: B82 - Education
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