Overview
What is Educational & Memorial Foundation Of Tennessee Society Of Cpa's?
The Educational & Memorial Foundation of the Tennessee Society of CPAs is a nonprofit organization situated in Brentwood, Tennessee. Its primary mission is to advance the field of accountancy and related disciplines by offering educational opportunities to certified public accountants (CPAs) and providing scholarships for promising young accounting students. During the 2022-2023 fiscal year, they provided educational resources for 458 courses, attended by 5,256 participants. The foundation's efforts contribute significantly to the development and growth of the accounting profession in Tennessee.
Official website here: www.tscpa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Educational & Memorial Foundation Of Tennessee Society Of CPA's has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 96% in the Accountability & Finance category, reflecting a strong commitment to transparency and responsible financial management. This score is a critical indicator for potential donors, as it demonstrates the charity's ability to effectively utilize their resources.
The foundation shows notable strengths, including a fully independent board with eight out of eight points for majority independent board members. Additionally, it excels in various financial oversight metrics, such as a robust audit and oversight committee and a low liabilities to assets ratio of just 5.21%. The organization also has comprehensive policies in place for conflicts of interest, whistleblowing, and document retention, contributing to its strong governance framework.
While the data does not highlight any significant limitations, the high program expense ratio of 94.89% indicates that the majority of funding is directed towards its programs rather than administrative costs. This reinforces the foundation’s focus on delivering its mission effectively, making it an attractive option for donors seeking impactful organizations to support.
This AI summary has been generated from information found on Charity Navigator.
Is Educational & Memorial Foundation Of Tennessee Society Of Cpa's legitimate?
Educational & Memorial Foundation Of Tennessee Society Of Cpa's is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational & Memorial Foundation Of Tennessee Society Of Cpa's 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: $65,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,431
For more financial information, click here
Official website here: www.tscpa.com
What is the mission statement of Educational & Memorial Foundation Of Tennessee Society Of Cpa's?
The Educational & Memorial Foundation of Tennessee Society of CPAs is dedicated to advancing the field of accountancy and related disciplines. They achieve this goal by offering educational opportunities to certified public accountants (CPAs) and providing scholarships for promising young accounting students. The foundation's mission is to foster the study and teaching of accountancy, thereby contributing to the professional development of the accounting community.
Official website here: www.tscpa.com
Who is the CEO of Educational & Memorial Foundation Of Tennessee Society Of Cpa's?
Kara N Fitzgerald is the President/Ceo of Educational & Memorial Foundation Of Tennessee Society Of Cpa's. The CEO's salary of Educational & Memorial Foundation Of Tennessee Society Of Cpa's is $49,734 and their total compensation is $313,417.
Official website here: www.tscpa.com
What is the revenue of Educational & Memorial Foundation Of Tennessee Society Of Cpa's?
Educational & Memorial Foundation Of Tennessee Society Of Cpa's's revenue in 2023 was $2,396,486.
Official website here: www.tscpa.com
Who are the executives of Educational & Memorial Foundation Of Tennessee Society Of Cpa's and what are their salaries?
There 12 volunteers at Educational & Memorial Foundation Of Tennessee Society Of Cpa's.
Here are 16 key members and their salaries (Educational & Memorial Foundation Of Tennessee Society Of Cpa's's CEO's salary is $49,734 and their total compensation is $313,417):
- Compensation: $49,734
- Related: $241,983
- Other: $21,700
- Compensation: $15,864
- Related: $111,863
- Other: $10,349
- Compensation: $25,320
- Related: $75,961
- Other: $3,966
- Compensation: $100,418
- Related: $0
- Other: $1,200
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Official website here: www.tscpa.com
Where can I find the form 990 for Educational & Memorial Foundation Of Tennessee Society Of Cpa's?
Educational & Memorial Foundation Of Tennessee Society Of Cpa's's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tscpa.com
Learn more at the official website: www.tscpa.com
Mission Statement of Educational & Memorial Foundation Of Tennessee Society Of Cpa's
The Educational & Memorial Foundation of Tennessee Society of CPAs is committed to advancing the field of accountancy and related disciplines. They achieve this mission by offering educational opportunities to certified public accountants (CPAs) and providing scholarships for promising young accounting students. By providing these resources, the foundation aims to foster the continued study and teaching of accountancy, thereby strengthening the profession as a whole. Throughout the 2022-2023 fiscal year, the foundation hosted 458 continuing professional education (CPE) courses, attended by 5,256 participants. This demonstrates their dedication to providing valuable learning experiences for CPAs and encouraging the next generation of accounting talent.
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Impact
July, 2024
The Educational & Memorial Foundation Of Tennessee Society Of CPA's is making a significant impact by furthering the study, practice, and teaching of accountancy and related fields. By providing educational opportunities to the CPA profession and offering scholarships to promising accounting students, they are helping to grow and develop the future of the accounting industry. In the 2022 - 2023 fiscal year alone, the foundation covered the costs of Continuing Professional Education (CPE) courses for over 5,200 participants across 458 courses. This support not only enhances the skills and knowledge of current professionals but also supports the education of aspiring accountants, ultimately contributing to the overall advancement of the field.
This information is meant to be a general summary of Educational & Memorial Foundation Of Tennessee Society Of Cpa's. 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: $104,449
- Program Service Revenue: $2,094,682
- Gross Receipts: $3,008,284
Assets and Liabilities:
- Total Assets: $3,624,629
- Total Liabilities: $188,885
- Net Assets: $3,435,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE - CPE
Revenue
$2,094,682
Organization Details
Founding Year
1971
Phone
(615) 377-3825Principal Officer
Kara N Fitzgerald
Main Address
201 POWELL PLACE, BRENTWOOD, TN, 37027
Website
www.tscpa.comNTEE Category
Code: B82Z - Education
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