Overview
What is Pennsylvania Cpa Foundation?
The Pennsylvania CPA Foundation is a nonprofit organization dedicated to inspiring young individuals to consider careers in accounting and supporting those aiming to acquire the Certified Public Accountant (CPA) credential. Located in Philadelphia, Pennsylvania, the foundation offers various programs and resources to achieve its mission. These initiatives include financial assistance through scholarships and exam fee coverage, educational and motivational support, and career guidance. The foundation also focuses on addressing the talent gap in accounting firms by targeting minority students with additional programs and support. To inspire interest in accounting, the foundation engages with high school and college students through events, where they learn about different accounting career paths from professionals in various sectors. The foundation's efforts have shown positive results, with a significant increase in student interest in pursuing accounting as a major and a positive outlook towards the field.
Official website here: www.picpa.org/cpafoundation
Is Pennsylvania Cpa Foundation legitimate?
Pennsylvania Cpa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $422,090
For more financial information, click here
Official website here: www.picpa.org/cpafoundation
What is the mission statement of Pennsylvania Cpa Foundation?
The Pennsylvania CPA Foundation's mission is centered around inspiring young individuals to consider a career in accounting and providing support to those aiming to obtain the Certified Public Accountant (CPA) credential. The foundation's objective is to offer educational, motivational, and financial assistance to these aspiring CPAs. Studies have shown that exposure to CPAs can influence young people to consider accounting as a career. The Pennsylvania CPA Foundation offers opportunities for students to learn about various career options in accounting. They provide financial, educational, and career guidance to help make the journey to becoming a CPA less daunting. The foundation also focuses on supporting minority students, as they often face additional socioeconomic challenges and have a lower likelihood of passing the CPA exam and becoming licensed. To inspire students, the foundation connects with thousands of high school and college students through career discovery events, where they learn about careers in accounting and express increased interest in majoring in the field. The foundation also awards scholarships and financial assistance to help cover the costs of the CPA exam and review courses.
Official website here: www.picpa.org/cpafoundation
Who is the CEO of Pennsylvania Cpa Foundation?
Cory Ng Cpa is the Chair of Pennsylvania Cpa Foundation. The CEO's salary of Pennsylvania Cpa Foundation is $0 and their total compensation is $385,681.
Official website here: www.picpa.org/cpafoundation
What is the revenue of Pennsylvania Cpa Foundation?
Pennsylvania Cpa Foundation's revenue in 2023 was $869,428.
Official website here: www.picpa.org/cpafoundation
Who are the executives of Pennsylvania Cpa Foundation and what are their salaries?
There 125 volunteers at Pennsylvania Cpa Foundation.
Here are 16 key members and their salaries (Pennsylvania Cpa Foundation's CEO's salary is $0 and their total compensation is $385,681):
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- Other: $51,396
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- Related: $197,165
- Other: $17,138
Official website here: www.picpa.org/cpafoundation
Where can I find the form 990 for Pennsylvania Cpa Foundation?
Pennsylvania Cpa Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.picpa.org/cpafoundation
Learn more at the official website: www.picpa.org/cpafoundation
Mission Statement of Pennsylvania Cpa Foundation
The Pennsylvania CPA Foundation, with a mission to inspire young individuals to consider careers in accounting, provides educational, motivational, and financial support to those aspiring to obtain the Certified Public Accountant (CPA) credential. The organization recognizes the significance of exposing young people to successful CPAs, as it increases the likelihood of accounting as a preferred career choice. By offering opportunities for students to learn about the diverse career paths available in accounting, the Pennsylvania CPA Foundation seeks to bridge the talent gap in accounting firms of all sizes.
The foundation's mission encompasses more than just financial and educational assistance. Recognizing the challenges faced by aspiring CPAs from diverse backgrounds, the Pennsylvania CPA Foundation has developed targeted programs to address the unique socioeconomic challenges these individuals may encounter. The foundation's efforts aim to support both the aspirants and the employers who value a diverse workforce. The organization has connected with over 3,300 high school and college students through various events, including Accounting Career Discovery, Accounting Awareness Week, and Accounting Career Days. These events have sparked a significant increase in interest in accounting as a major among high school students and have left a positive impression on the students who attend. The foundation's financial aid programs have also provided scholarships and exam-related assistance to over 60 college students and 11 CPA exam candidates. The foundation's commitment to supporting aspiring CPAs and fostering an inclusive accounting profession is evident in their mission and programming.
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Impact
October, 2024
The Pennsylvania CPA Foundation significantly influences the landscape of accounting careers by inspiring young people to engage with the profession and supporting those pursuing the Certified Public Accountant (CPA) credential. Through various initiatives and programs, the organization effectively exposes students to the diverse opportunities within accounting, encouraging many to consider it as a viable career path.
Studies indicate that personal interactions with CPAs play a crucial role in shaping students’ career choices. The Foundation connects with over 3,300 high school and college students through events such as Accounting Career Discovery, Awareness Week, and Career Days. Feedback from participating students reveals a remarkable 51% increase in interest toward accounting majors following these events, with over 91% reporting a positive perception of the profession.
Financial assistance is another critical aspect of the Foundation's impact. In recent years, it awarded $166,200 in scholarships to 64 college students and an additional $11,000 to 11 CPA exam candidates, alleviating some financial burdens associated with pursuing an accounting degree and obtaining CPA certification. Furthermore, by targeting minority students and addressing the unique challenges they face, the Foundation fosters an inclusive environment that aims to bridge the talent gap in accounting firms.
Overall, the Pennsylvania CPA Foundation is dedicated to nurturing the next generation of accountants by providing educational, motivational, and financial resources, thereby ensuring a brighter future for the accounting profession.
This information is meant to be a general summary of Pennsylvania 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 2023.
- Investment Income: $70,086
- Program Service Revenue: $6,933
- Gross Receipts: $1,040,141
Assets and Liabilities:
- Total Assets: $3,196,546
- Total Liabilities: $178,200
- Net Assets: $3,018,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAM
Revenue
$6,933
Organization Details
Founding Year
2017
Phone
(215) 496-9272Principal Officer
Cory Ng Cpa
Main Address
2001 MARKET ST 950, PHILADELPHIA, PA, 19103
Website
www.picpa.org/cpafoundationNTEE Category
Code: B60 - Education
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