Ohio Cpa Foundation
- Assets
- $4.2m
- Revenue
- $612.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/1966
- Data as of
- 04/2022
- EIN
- 31-6052485
Organization Overview
Ohio Cpa Foundation is located in Columbus, OH. The organization was established in 1966. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Cpa Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Ohio Cpa Foundation generated $612.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $375.5k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENCOURAGE INDIVIDUALS TO BECOME CPAS WHO EMBRACE THE CORE VALUES OF THE ACCOUNTING PROFESSION AND SERVE THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSION AWARENESS PROGRAMS, INCLUDING HIGH SCHOOL ACCOUNTING CAREER DAYS AND STUDENT AMBASSADORS, (INTERNS,) WHO WORK TO ENCOURAGE ACCOUNTING ENROLLMENT AT OHIO COLLEGES AND UNIVERSITIES
DIVERSITY AND INCLUSION - ACCOUNTING CAREERS AWARENESS PROGRAM (ACAP), CPA CAMP AND ACLA ENCOURAGES STUDENTS TO PURSUE A CAREER IN THE ACCOUNTING FIELD.
SCHOLARSHIPS AWARDED TO OHIO HIGH SCHOOL STUDENTS AND COLLEGE ACCOUNTING MAJORS.
WORKFORCE DEVELOPMENT PROGRAMS FOCUS ON HELPING BUSINESSES FIND HIGH QUALITY JOB CANDIDATES, JOB TRAINING TO IMPROVE THE QUALITY OF OHIO'S WORKFORCE, AND DEVELOPMENT OPPORTUNITIES TO UPSKILL OPPORTUNITIES FOR EXISTING WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Moeller CPA Chair | OfficerTrustee | 1 | $0 |
Christopher Barrett CPA Treasurer | OfficerTrustee | 1 | $0 |
Scott Wiley Cae President, Secretary & CEO | Officer | 1 | $0 |
Kyle Bickhart COO | Officer | 1 | $0 |
David Brockman CPA Trustee | Trustee | 1 | $0 |
William Miller Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,654 |
| Total Program Service Revenue | $0 |
| Investment income | $205,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,449 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,819 |
| Office expenses | $710 |
| Information technology | $72 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $375,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,939,224 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,192,549 |
| Accounts payable and accrued expenses | $12,211 |
| Grants payable | $58,000 |
| Deferred revenue | $20,537 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $90,748 |
| Net assets without donor restrictions | $457,376 |
| Net assets with donor restrictions | $3,644,425 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,192,549 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Ohio Cpa Foundation has recieved totaling $32,038.
| Awarding Organization | Amount |
|---|---|
Ingram-White Castle Foundation Columbus, OH PURPOSE: EDUCATION | $15,000 |
Rea Foundation Inc New Philadelphia, OH PURPOSE: OPERATING SUPPORT | $8,500 |
The Community Foundation Of Shelby County Sidney, OH PURPOSE: GENERAL SUPPORT | $6,559 |
Johnson-Kazar Charitable Foundationinc Green, OH PURPOSE: UNRESTRICTED | $1,500 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Endowment Analysis
| Beg. Balance | $3,011,241 |
| Earnings | -$181,057 |
| Net Contributions | $2,700 |
| Other Expense | $111,432 |
| Ending Balance | $2,721,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Progress Inc Cleveland, OH | $14,988,219 | $7,783,828 |
Access Ventures Inc Louisville, KY | $43,826,766 | $16,386,169 |
Fund For Our Economic Future Of Northeast Ohio Cleveland, OH | $9,063,861 | $3,744,961 |
Baum Family Foundation Hastings, MI | $10,431,479 | $1,291,317 |
Egbert M Freese Foundation Galion, OH | $9,775,286 | $868,185 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
West Central Development Corporation Perrysburg, OH | $4,806,920 | $1,182,846 |
Thomas P And Sondra D Sheehan Charitable Foundation Fishers, IN | $5,927,664 | $430,035 |
Silver Beach Shadowland Saint Joseph, MI | $1,430,963 | $437,280 |
Wayne County-Detroit Cde Inc Detroit, MI | $4,766,254 | $730,026 |
Joint Economic Development Initiative Of Southern Ohio Jackson, OH | $6,947 | $427,000 |
Community Rewards Services Lexington, OH | $578 | $388,612 |