Ficpa Scholarship Foundation Inc
- Assets
- $3.3m
- Revenue
- $280.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 07/1960
- Data as of
- 06/2021
- EIN
- 59-6152454
Organization Overview
Ficpa Scholarship Foundation Inc is located in Tallahassee, FL. The organization was established in 1960. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Ficpa Scholarship Foundation Inc 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 06/2021, Ficpa Scholarship Foundation Inc generated $280.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $237.8k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: 1. FICPA EDUCATIONAL FOUNDATION SCHOLARSHIPS TO 4TH & 5TH YEAR ACCOUNTING STUDENTS IN FLORIDA COLLEGES AND UNIVERSITIES WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE SEMESTER) 2. 1040K WALK/RUN SCHOLARSHIPS TO 4TH & 5TH YEAR, AFRICAN-AMERICAN ACCOUNTING STUDENTS IN THE SOUTH FLORIDA AREA WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE SEMESTER) 3. WALTER A. FRIEDLY MEMORIAL SCHOLARSHIPS TO 4TH & 5TH YEAR ACCOUNTING STUDENTS FROM PALM BEACH, BROWARD, MIAMI-DADE AND MONROE COUNTIES IN FLORIDA WHO PLAN TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE SEMESTER) 4. JAMES WILCOX AFRICAN-AMERICAN 5TH YEAR SCHOLARSHIPS TO ACCOUNTING MAJORS BEGINNING A 5TH YEAR/MASTERS PROGRAM IN FLORIDA COLLEGES AND UNIVERSITIES WHO DESIRE TO BECOME CPAS AND PRACTICE IN THE STATE OF FLORIDA. (ONE YEAR/TWO SEMESTERS GRANTS: 1. WALTER A. FRIEDLY MEMORIAL SCHOLARSHIPS ARE FUNDED FROM THE WALTER A. FRIEDLY MEMORIAL SCHOLARSHIP FUND ESTABLISHED THROUGH THE COMMUNITY FOUNDATION OF BROWARD. 2. JAMES WILCOX AFRICAN-AMERICAN 5TH YEAR SCHOLARSHIPS ARE FUNDED FROM A ONE MILLION DOLLAR MATCHING GRANT FROM THE COULTER FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carshena T Allison Vice President | OfficerTrustee | 1 | $0 |
Shelly Weir President/ceo | OfficerTrustee | 1 | $0 |
William C Quilliam President Elect | OfficerTrustee | 1 | $0 |
Eugene W Moore President | OfficerTrustee | 1 | $0 |
Donna Son Chief Operating Officer | Officer | 1 | $0 |
Jeff Conway Chief Financial Officer | Officer | 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 | $150,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,147 |
| Total Program Service Revenue | $0 |
| Investment income | $50,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,167 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $208,972 |
| 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 | $0 |
| 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 | $18,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,704 |
| Office expenses | $181 |
| Information technology | $1,111 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $349 |
| 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 | $734 |
| Total functional expenses | $237,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $98,355 |
| Accounts receivable, net | $1,631 |
| 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 | $8,564 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,030,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,319,754 |
| Accounts payable and accrued expenses | $189,370 |
| Grants payable | $0 |
| Deferred revenue | $9,584 |
| 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 | $198,954 |
| Net assets without donor restrictions | $726,419 |
| Net assets with donor restrictions | $2,394,381 |
| 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 | $3,319,754 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ficpa Scholarship Foundation Inc has recieved totaling $5,069.
| Awarding Organization | Amount |
|---|---|
Lawrence J And Dora P Chastang Charitable Foundation Inc Orlando, FL PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Endowment Analysis
| Beg. Balance | $1,996,860 |
| Earnings | $358,604 |
| Net Contributions | $73,381 |
| Ending Balance | $2,428,845 |
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|---|---|---|
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Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |