California Certified Public Accountants Foundation
- Assets
- $12.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Burlingame, CA
- Founding
- 10/1966
- Data as of
- 04/2021
- EIN
- 94-6130841
Organization Overview
California Certified Public Accountants Foundation is located in Burlingame, CA. The organization was established in 1966. 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. As of 04/2021, California Certified Public Accountants Foundation employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Certified Public Accountants 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 04/2021, California Certified Public Accountants Foundation generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $8.4m during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. 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
DELIVER QUALITY EDUCATION AND ADVANCE THE ACCOUNTING PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES CONTINUING PROFESSIONAL EDUCATION FOR CPAS AND OTHER INTERESTED PARTIES. IT OFFERS (1) COURSES AND CONFERENCES DEVELOPED TO COMPLY WITH THE STATEMENT ON STANDARDS FOR CONTINUING PROFESSIONAL EDUCATION (CPE) PROGRAMS JOINTLY ISSUED BY THE CALIFORNIA BOARD OF ACCOUNTANCY, NASBA AND THE AICPA; (2) CPE CREDIT IN REQUIRED CATEGORIES: ACCOUNTING & AUDITING, ETHICS, FRAUD AND GOVERNMENT/YELLOW BOOK; (3) COURSES APPROVED FOR CREDIT FOR ENROLLED AGENTS AND CERTIFIED TAX PREPARERS, CERTIFIED FINANCIAL PLANNERS, MCLE FOR ATTORNEYS AND MORE. FOR THE FISCAL YEAR 2020-2021, THE FOUNDATION HELD MORE THAN 600 COURSES AND CONFERENCES IN LIVE AND WEBCASTS WITH OVER 51,000 ATTENDEES AND SOLD MORE THAN 200 SELF-STUDY PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Pugliese - Through 4-3-2020 President & Chief Executive Officer | Officer | 20 | $310,004 |
Brad Monterio Chief Learning Officer | Officer | 40 | $283,500 |
Heather Collins Senior Director Partnerships | 40 | $173,128 | |
Kathleen Folgensonger Director Of Portfolio Management | 40 | $166,458 | |
Natalie Quan Vice President & Chief Financial Officer | Officer | 20 | $114,104 |
Emil Redzic Vice President Of Information Technology | 20 | $103,958 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K2 Enterprises Instructor | 4/29/21 | $210,129 |
Annette Nellen Esq Instructor | 4/29/21 | $187,465 |
Grmc Instructor | 4/29/21 | $147,410 |
Phoenix Beach Llc Instructor | 4/29/21 | $191,570 |
Troy K Lewis Instructor | 4/29/21 | $116,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $535,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,562 |
| Total Program Service Revenue | $8,635,083 |
| Investment income | $342,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$264,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,436,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,900 |
| Grants and other assistance to domestic individuals. | $323 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $896,741 |
| Compensation of current officers, directors, key employees. | $896,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,652,098 |
| Pension plan accruals and contributions | $105,462 |
| Other employee benefits | $237,446 |
| Payroll taxes | $231,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,332 |
| Fees for services: Accounting | $35,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,923 |
| Fees for services: Other | $111,713 |
| Advertising and promotion | $66,535 |
| Office expenses | $718,515 |
| Information technology | $534,752 |
| Royalties | $0 |
| Occupancy | $102,586 |
| Travel | $81 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,076,328 |
| Interest | $4,790 |
| Payments to affiliates | $144,350 |
| Depreciation, depletion, and amortization | $418,066 |
| Insurance | $34,790 |
| All other expenses | $11,744 |
| Total functional expenses | $8,442,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,706 |
| Savings and temporary cash investments | $714,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $175,669 |
| Net Land, buildings, and equipment | $2,405,793 |
| Investments—publicly traded securities | $8,401,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,236,942 |
| Accounts payable and accrued expenses | $735,375 |
| Grants payable | $0 |
| Deferred revenue | $1,506,008 |
| 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 | $372,376 |
| Total liabilities | $2,613,759 |
| Net assets without donor restrictions | $9,548,279 |
| Net assets with donor restrictions | $74,904 |
| 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 | $12,236,942 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that California Certified Public Accountants Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
California Society Of Certified Public Accountants Burlingame, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $75,262 |
| Grants | $358 |
| Ending Balance | $74,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |