Overview
What is Educational Foundation Of Georgia Society Of Certified Public Accountants?
The Educational Foundation of Georgia Society of Certified Public Accountants is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to nurture and motivate talented individuals in Georgia to pursue a career in accounting, ultimately becoming Certified Public Accountants (CPAs). They achieve this by offering direct scholarships to deserving students, with amounts ranging from $1,000 to $5,000. These recipients are typically college juniors, seniors, or graduate students, who are Georgia residents, majoring in accounting, and maintain a high overall grade point average (GPA). The foundation's aim is to encourage the brightest minds in Georgia to contribute to the accounting field.
Official website here: www.gscpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
The Educational Foundation Of Georgia Society Of Certified Public Accountants has received a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. With a near-perfect score of 97%, the organization demonstrates a commitment to transparency and ethical governance, which is crucial for donor trust and engagement. The rating indicates that the foundation effectively utilizes its resources to support its mission.
One of the notable strengths of this nonprofit is its fully independent board, consisting of 21 members, which ensures unbiased decision-making. Additionally, the organization has no recorded material diversion of assets, indicating sound financial management practices. The foundation has also established several important policies, including conflict of interest and whistleblower protections, which further solidify its governance framework.
However, while the foundation excels in financial accountability, ongoing engagement and communication with the community it serves could enhance its overall impact. Nevertheless, the strong program expense ratio of 91.24% suggests that a significant majority of its funds are directed towards fulfilling its mission. Overall, the Educational Foundation of Georgia Society of Certified Public Accountants stands out for its strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Foundation Of Georgia Society Of Certified Public Accountants legitimate?
Educational Foundation Of Georgia Society Of Certified Public Accountants is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Foundation Of Georgia Society Of Certified Public Accountants 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.gscpa.org
What is the mission statement of Educational Foundation Of Georgia Society Of Certified Public Accountants?
The Educational Foundation of Georgia Society of Certified Public Accountants' mission is to inspire and support the most promising individuals in Georgia to pursue a career in accounting, specifically by becoming Certified Public Accountants (CPAs). They achieve this by providing direct scholarships to deserving students, ranging from $1,000 to $5,000. These scholarships are awarded to college juniors, seniors, or graduate students who exhibit a strong commitment to the field of accounting. To be eligible, recipients must be Georgia residents, majoring in accounting, and maintain a high overall Grade Point Average (GPA).
Official website here: www.gscpa.org
What is the revenue of Educational Foundation Of Georgia Society Of Certified Public Accountants?
Educational Foundation Of Georgia Society Of Certified Public Accountants's revenue in 2024 was $254,249.
Official website here: www.gscpa.org
Who are the executives of Educational Foundation Of Georgia Society Of Certified Public Accountants and what are their salaries?
There 21 volunteers at Educational Foundation Of Georgia Society Of Certified Public Accountants.
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Official website here: www.gscpa.org
Where can I find the form 990 for Educational Foundation Of Georgia Society Of Certified Public Accountants?
Educational Foundation Of Georgia Society Of Certified Public Accountants's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gscpa.org
Learn more at the official website: www.gscpa.org
Mission Statement of Educational Foundation Of Georgia Society Of Certified Public Accountants
The Educational Foundation of Georgia Society of Certified Public Accountants (EFGSCPA) is dedicated to encouraging the most talented individuals in Georgia to pursue careers in accounting. This nonprofit organization aims to achieve this mission by distributing direct scholarships to deserving students. These scholarships range in amounts from $1,000 to $5,000 and are awarded to college juniors, seniors, or graduate students who demonstrate a strong commitment to accounting. Each recipient must meet certain criteria, including being a Georgia resident, majoring in accounting, and maintaining a high overall grade point average (GPA). By providing these scholarships, EFGSCPA is investing in the future of accounting in Georgia, ensuring that the best and brightest have the opportunity to pursue their dreams in this field.
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Impact
October, 2024
The Educational Foundation of Georgia Society of Certified Public Accountants actively cultivates the next generation of accounting professionals in Georgia. By offering direct scholarships to deserving students, the foundation ensures that talented individuals have the financial support needed to pursue their education and ultimately earn their Certified Public Accountant (CPA) designation.
Scholarships, ranging from $1,000 to $5,000, are directed towards rising college juniors, seniors, or graduate students majoring in accounting who demonstrate a strong commitment to the field. This initiative not only alleviates the financial burden of higher education but also encourages academic excellence by requiring recipients to maintain a specified grade point average.
By investing in the education of these students, the foundation plays a crucial role in enhancing the quality of the accounting profession in Georgia, fostering a community of well-prepared and dedicated CPAs. This focus on nurturing talent contributes to the overall advancement of the profession, ensuring that the state remains home to skilled professionals who are ready to meet the demands of an evolving industry. Ultimately, the foundation's efforts help strengthen the local economy and promote community improvement through the growth of a competent and ethical accounting workforce.
This information is meant to be a general summary of Educational Foundation Of Georgia Society Of Certified Public Accountants. 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: $124,012
- Gross Receipts: $274,023
Assets and Liabilities:
- Total Assets: $2,878,271
- Total Liabilities: $10,978
- Net Assets: $2,867,293
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Organization Details
Founding Year
1957
Principal Officer
Boyd Search
Website
www.gscpa.orgNTEE Category
Code: S41I - Community improvement
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