2025-03-17T10:20:47-05:00 2024-04-30 221478099 COHNREZNICK LLP 525 NORTH TRYON STREET CHARLOTTE NC 28202 990 2023-05-01 561273347 NORTH CAROLINA CPA FOUNDATION INC NORT 9194691040 2700 WYCLIFF ROAD 230 RALEIGH NC 27607 LARA NICOLE VANN DIRECTOR OF FINANCE/ADMINISTRATION 9194691040 2025-03-15 1 0 LORI ROTHE YOKOBOSKY CPA P01273422 7043329100 2025-03-13 2023 2025-03-06 01:10:19Z X LARA NICOLE VANN 2700 WYCLIFF ROAD 230 RALEIGH NC 27607 219738 0 X N/A X 1980 NC TO FURTHER DEVELOPMENT OF ACCOUNTING EDUCATION AND PROFESSION IN NORTH CAROLINA. 14 14 0 14 0 0 146142 195748 0 0 18548 23990 0 0 164690 219738 110000 131000 0 0 0 0 0 0 0 9928 10310 119928 141310 44762 78428 1034638 1140573 43333 17328 991305 1123245 TO FURTHER THE DEVELOPMENT OF ACCOUNTING EDUCATION AND THE ACCOUNTING PROFESSION IN THE STATE OF NORTH CAROLINA. 0 0 113500 113500 NC CPA FOUNDATION SCHOLARSHIPS AWARDS 3 LEVELS OF SCHOLARSHIPS TO DESERVING ACCOUNTING STUDENTS RANGING FORM $1,500-$2,500 BASED ON VARYING CRITERIA. 17500 17500 JAMES MCCOY ACCOUNTING SCHOLARSHIP PROGRAM AWARDS ACADEMIC AND NEEDS-BASED SCHOLARSHIPS TO ACCOUNTING STUDENTS ATTENDING NORTH CAROLINA COLLEGES, UNIVERSITIES, AND COMMUNITY COLLEGES. 131000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X LARA NICOLE VANN 9194691040 2700 WYCLIFF ROAD SUITE 230 RALEIGH NC 27607 ANTONETTE TONI LOCKETT MEMBER 1.00 X 0 0 0 CHRISTINA HOWARD MEMBER 1.00 X 0 0 0 DAN LAVELLE MEMBER 1.00 X 0 0 0 DEMETRICE PATTERSON MEMBER 1.00 X 0 0 0 DR MALLISSA DAVI MEMBER 1.00 X 0 0 0 DR ROBY SAWYERS MEMBER 1.00 X 0 0 0 JEANETTE FRANZEL MEMBER 1.00 X 0 0 0 JENNIFER SHOFFNER TREASURER 1.00 X X 0 0 0 KAREN GASKILL MEMBER 1.00 X X 0 0 0 KELLI ROBERTS MEMBER 1.00 X 0 0 0 KINGSLEY IFEDI MEMBER 1.00 X 0 0 0 MADISON WILLIAMS MEMBER 1.00 X 0 0 0 MICHELLE TRACZ CPA CFE PRESIDENT 1.00 X X 0 0 0 RACHEL ANNAELISE CHANEY VICE PRESIDENT 1.00 X X 0 0 0 LISA OWENS-JACKSON IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 LARA VANN DIRECTOR OF FINANCE & ADMI 1.00 47.00 X 0 156559 29978 MARK SOTICHECK CHIEF OPERATING OFFICER 1.00 59.00 X 0 252197 64609 SHARON BRYSON CHIEF EXECUTIVE OFFICER 1.00 59.00 X 0 400406 114516 0 809162 209103 0 0 1 0 0 2157 193591 23604 195748 21803 21803 2187 0 2187 2187 2187 219738 0 0 23990 131000 131000 2030 2030 7583 7583 697 697 141310 131000 10310 0 190214 249792 112535 59828 731889 830953 1034638 1140573 43333 17328 43333 17328 X 486219 511224 505086 612021 991305 1123245 1034638 1140573 78428 53512 0 X 0 1 X 1 0 X 208028 118034 227006 146142 195748 894958 208028 118034 227006 146142 195748 894958 295581 599377 17093 12536 17779 16432 21803 85643 980601 0.61120 0.55800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100961 56520 10153 5000 162634 105383 578 5000 100961 119806 -9423 5000 105383 100940 23866 5000 119806 100000 940 100940 0.67501 0.32499 0 0 0 X 7666611 53512 32558 7362833 7448903 217708 2030 2030 219738 7963095 32558 7791257 7823815 139280 2030 2030 141310 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF TWO FUNDS ESTABLISHED FOR A PURPOSE THAT ARE INVESTED AT VANGUARD. TOGETHER THESE FUNDS MAKE UP THE LEGACY SCHOLARSHIP PROGRAM. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF APRIL 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 7,397,548. INTERCOMPANY ELIMINATIONS -34,715. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 7,825,972. INTERCOMPANY ELIMINATIONS -34,715. 1 SCHOLARSHIPS 63 131000 PART I, LINE 2: THE NORTH CAROLINA CPA FOUNDATION WAS ESTABLISHED IN 1980 BY THE NCACPA TO FURTHER THE DEVELOPMENT OF ACCOUNTING EDUCATION AND THE ACCOUNTING PROFESSION IN NORTH CAROLINA. EACH SCHOLARSHIP IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. THE TREASURER OVERSEES THE FOUNDATION'S FINANCIAL AFFAIRS, FUNDS, AND SECURITIES AND REVIEWS THE RECORDS ON A REGULAR BASIS, IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPALS. 0 1 0 0 0 0 0 0 0 SHARON BRYSON CHIEF EXECUTIVE OFFICER 0 112858 0 21762 0 265786 0 85273 0 29243 0 514922 0 258166 MARK SOTICHECK CHIEF OPERATING OFFICER 0 228414 0 23183 0 600 0 26868 0 37741 0 316806 0 0 LARA VANN DIRECTOR OF FINANCE & ADMI 0 141229 0 14045 0 1285 0 13039 0 16939 0 186537 0 0 PART I, LINE 3 ALL COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION USING THE FOLLOWING METHOD: THE PROCESS FOR DETERMINING COMPENSATION OF THE CEO INCLUDES PERFORMANCE EVALUATIONS AND COMPARABILITY DATA OF SALARY AND BENEFIT PACKAGE WITH OTHER CPA ASSOCIATIONS THROUGHOUT THE UNITED STATES. THE COMPENSATION PACKAGE IS APPROVED BY THE EXECUTIVE COMMITTEE. PART I, LINE 4B: THE CEO & COO PARTICIPATES IN A 457(F) SUPPLEMENTAL RETIREMENT PLAN. IN 2023, SHARON BRYSON, CEO RECEIVED $258,166 DISTRIBUTION. FORM 990, PART VI, SECTION A, LINE 6 FOUNDATION MEMBERS CONSIST OF OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS OF THE NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION SHALL BE THE MEMBERS OF THE BOARD OF DIRECTORS OF THE NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, INC. (NCACPA), AS FROM TIME TO TIME CONSTITUTED. IN ADDITION TO THE RIGHT TO PROVIDE FOR THE ELECTION OF DIRECTORS, THE MEMBERS SHALL HAVE SUCH OTHER POWERS AND RIGHTS AS THE NCACPA BOARD OF DIRECTORS MAY DESIGNATE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS AUTHORIZES THE AUDIT COMMITTEE TO REVIEW THE IRS FORM 990 AND FILE IT WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE RETURN WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. THE IRS FORM 990 SHALL BE AVAILABLE TO ANYONE UPON REQUEST. REQUESTS SHOULD BE DIRECTED TO THE CHIEF EXECUTIVE OFFICER WHO SHALL RESPOND BY PROVIDING A PHOTOCOPY OF THE MOST RECENTLY FILED DOCUMENT WITHIN THREE (3) BUSINESS DAYS OF THE REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS HAVE AN OBLIGATION TO AVOID CONFLICTS OF INTEREST, OR THE APPEARANCE OF CONFLICTS, BETWEEN THEIR PERSONAL INTERESTS AND THOSE OF THE NC CPA FOUNDATION IN DEALINGS WITH OUTSIDE ENTITIES OR INDIVIDUALS. ALL BOARD MEMBERS MUST DISCLOSE REAL AND APPARENT CONFLICTS OF INTEREST AND REFRAIN FROM PARTICIPATING IN ANY DECISIONS ON MATTERS THAT INVOLVE A REAL CONFLICT OF INTEREST OR AN APPEARANCE OF CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NORTH CAROLINA ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS INC PO BOX 80188 RALEIGH NC 27623 560521526 THE ADVANCEMENT OF THE CPA PROFESSION BY SERVING ITS MEMBERS NC 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0