2025-03-27T09:08:46-05:00 2024-05-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-06-01 223100961 NJCPA EDUCATION FOUNDATION INC NJCP 9732264494 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 AIYSHA JOHNSON CEO & EXECUTIVE DIRECTOR 9732264494 2025-03-26 1 1 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z AIYSHA JOHNSON 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 3075315 0 X WWW.NJCPA.ORG/CPE X 1991 NJ SEE SCHEDULE OTO FACILITATE THE ACQUISITION OF KNOWLEDGE AND SKILLS BY PROVIDING MEMBERS OF NJCPA AND THEIR STAFF WITH COST EFFECTIVE, HIGH QUALITY, MARKET DRIVEN EDUCATIONAL SERVICES. 6 5 34 297 0 0 0 0 2165891 2822521 50973 33765 0 0 2216864 2856286 17640 156823 0 0 1012000 1021520 0 0 0 1259195 1462272 2288835 2640615 -71971 215671 2549481 3211779 670941 920855 1878540 2290924 X THE MISSION OF THE NJCPA EDUCATION FOUNDATION IS TO FACILITATE THE ACQUISITION OF KNOWLEDGE AND SKILLS BY PROVIDING MEMBERS OF THE NEW JERSEY SOCIETY OF CPAS (SOCIETY OR NJCPA) AND THEIR STAFF WITH COST EFFECTIVE, HIGH QUALITY MARKET DRIVEN EDUCATIONAL SERVICES. 0 0 2330544 156823 2822521 SEE SCHEDULE OTHE EDUCATION FOUNDATION PROVIDED EDUCATIONAL PROGRAMS TO OVER 25,000 PARTICIPANTS DURING THE FILING PERIOD, PROVIDING MORE THAN 50,000 CREDIT HOURS OF CONTINUING PROFESSIONAL EDUCATION (CPE). THIS WAS ACHIEVED THROUGH THE FOLLOWING COMPLIMENT OF PROGRAMS: 171 EXECUTIVE SEMINARS - PRIMARILY ONE-DAY PROGRAMS TARGETED AT CPAS IN PUBLIC PRACTICE; 19 CONFERENCES AND SPECIAL EVENTS - RANGING FROM BREAKFAST AND DINNER MEETINGS TO CONVENTIONS AND TRADE SHOWS 43 CHAPTER MEETINGS - RANGING FROM BREAKFAST AND DINNER MEETINGS TO FULL-DAY TAX AND ACCOUNTING PROGRAMS, AS WELL AS TRAINING IN NJ LAW AND ETHICS; 7 ON-SITE MEETINGS - HALF-DAY AND FULL-DAY PROGRAMS DELIVERED AT THE OFFICES OF FIRMS AND COMPANIES; 67 WEBINARS - PRIMARILY TECHNICAL PROGRAMS, INCLUDING NJ LAW & ETHICS, DELIVERED VIA THE WEB THAT RANGE FROM ONE TO FOUR HOURS IN LENGTH. 2330544 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 19 0 1 34 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NJ X GREG TONDI 9732264494 105 EISENHOWER PARKWAY SUITE 300 ROSELAND NJ 07068 RALPH ALBERT THOMAS CEO & EXECUTIVE DIR. (THRU 06/23) 2.00 57.00 X X 7406 234535 25885 AIYSHA JOHNSON CEO & EXECUTIVE DIR. (AS OF 6/23) 2.00 57.00 X X 4930 156126 11055 EDWARD G O'CONNELL PRESIDENT 1.00 13.00 X X 0 0 0 JUNE M TOTH PRESIDENT-ELECT (AS OF 6/23) 0.50 8.50 X X 0 0 0 KATHLEEN F POWERS IMMED. PAST PRES. 0.50 8.50 X X 0 0 0 JOHN SZCZOMAK SECRETARY 0.30 1.20 X X 0 0 0 RALPH EVANGELISTA TREASURER (AS OF 6/23) 0.50 1.50 X X 0 0 0 JAMES L HARDENBERG CHIEF LEARNING OFFICER 22.50 27.50 X 115326 115326 14904 GREG TONDI DIR. OF FIN. & ADMIN (AS OF 01/24) 2.00 43.50 X 0 0 0 THERESA HINTON CHIEF OPERATING OFFICER 3.00 45.00 X 14910 198092 27053 DONALD MEYER CHIEF MARKETING OFFICER 2.00 43.00 X 10568 200790 16340 JOSEPH M MIDDLETON DIR INFORMATION TECHNOLOGY 10.00 30.00 X 37321 111961 33122 RACHAEL BELL DIR. CONTENT & COMM. 2.00 38.00 X 14609 118197 29280 205070 1135027 157639 1 0 1 0 0 EDUCATIONAL PROGRAMS 611430 2362619 2362619 OTHER PROGRAM SPONSORS 611430 326084 326084 ON-SITE/WEBCAST PGRM 611430 133818 133818 2822521 41452 41452 207375 3967 219029 0 -11654 3967 -7687 -7687 2856286 2822521 0 33765 156823 156823 148722 101696 47026 716955 593078 123877 38334 31701 6633 55684 45530 10154 61825 49734 12091 9705 9705 640 640 13384 7369 6015 56842 51158 5684 95553 88963 6590 1200 554 646 1151521 1152419 -898 54677 49211 5466 12231 2308 9923 CREDIT CARD FEES 62071 62071 STAFF EDUCATION/MGMT 3361 3361 PROFESSIONAL DUES 555 555 FEES AND LICENSES 532 532 2640615 2330544 310071 0 383560 1004116 322158 274489 17725 37699 307122 223793 364157 295220 119365 68937 1382084 1602745 17467 0 2549481 3211779 26868 30920 644073 615993 0 273942 670941 920855 X 1878540 2290924 0 0 1878540 2290924 2549481 3211779 215671 196713 0 X 0 1 X 1 0 X 2881096 2157289 1633062 2165890 2822521 11659858 2881096 2157289 1633062 2165890 2822521 11659858 0 0 0 11659858 38769 25202 44244 32453 41452 182120 38769 25202 44244 32453 41452 182120 2919865 2182491 1677306 2198343 2863973 11841978 0.98460 0.98430 0.01540 0.01570 X 71102 29964 41138 205046 201618 3428 88008 63637 24371 68937 DUE TO AFFILIATED ENTITY 273942 273942 X 3043294 196713 196713 2846581 9705 9705 2856286 2630910 0 2630910 9705 9705 2640615 PART X, LINE 2: GUIDANCE IN "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS STANDARD PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE NJCPA AND AFFILIATES HAVE CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE NJCPA AND AFFILIATES HAVE PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. 1 NJCPA SCHOLARSHIP FUND 105 EISENHOWER PARKWAY SUITE 300 ROSELAND NJ 07068 222291384 501(C)(3) 156823 0 SCHOLARSHIP AWARDS TO ACCOUNTING STUDENTS 1 0 PART I, LINE 2: THE FILING ORGANIZATION IS AFFILIATED WITH THE GRANT RECIPIENT AS THE TWO ORGANIZATIONS HAVE AN HISTORIC AND CONTINUING RELATIONSHIP. THREE OFFICERS OF THE FILING ORGANIZATION HAVE SEATS ON THE BOARD OF THE GRANT RECIPIENT. NO FURTHER MONITORING OF THE GRANTS WAS REQUIRED. 0 0 0 0 0 0 0 1 0 RALPH ALBERT THOMAS CEO & EXECUTIVE DIR. (THRU 06/23) 6435 203777 600 19000 371 11758 389 12310 403 12783 8198 259628 0 0 JAMES L HARDENBERG CHIEF LEARNING OFFICER 107535 107535 6250 6250 1541 1541 6311 6311 1141 1141 122778 122778 0 0 THERESA HINTON CHIEF OPERATING OFFICER 13982 185758 735 9765 193 2569 875 11622 1019 13537 16804 223251 0 0 DONALD MEYER CHIEF MARKETING OFFICER 9923 188538 525 9975 120 2277 636 12084 181 3439 11385 216313 0 0 JOSEPH M MIDDLETON DIR INFORMATION TECHNOLOGY 36145 108434 713 2138 463 1389 2343 7028 5938 17813 45602 136802 0 0 AIYSHA JOHNSON CEO & EXECUTIVE DIR. (AS OF 6/23) 4915 155651 15 475 0 0 225 7114 113 3603 5268 166843 0 0 RACHAEL BELL DIR. CONTENT & COMM. 14078 113905 424 3427 107 865 924 7479 2297 18580 17830 144256 0 0 PART I, LINE 7 THE ARRANGEMENT FOR NON-FIXED PAYMENTS TO THE CEO & EXECUTIVE DIRECTOR (CEO) OF THE NJCPA IS DETAILED IN HER CONTRACT AS FOLLOWS: THE VARIABLE COMPENSATION IS BASED UPON PERFORMANCE AND ACHIEVEMENT OF MUTUALLY AGREED UPON GOALS AND PERFORMANCE MEASUREMENTS TO BE USED IN DETERMINING WHETHER THE CEO IS ENTITLED TO A BONUS. THE DETERMINATION OF WHETHER TO GRANT VARIABLE COMPENSATION IN ANY GIVEN YEAR WILL BE IN THE SOLE DISCRETION OF THE NJCPA AS DETERMINED BY THE NJCPA EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO. IN THE EVENT THAT THE NJCPA DECIDES TO GRANT VARIABLE COMPENSATION, SUCH VARIABLE COMPENSATION SHALL BE UP TO 4% OF THE CEO'S ANNUAL BASE COMPENSATION. THE ACTUAL PERCENTAGE FOR FISCAL YEAR 2024 WAS 4%. THE ARRANGEMENT FOR NON-FIXED PAYMENTS TO OTHER OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED IS AS FOLLOWS: NJCPA OFFICERS AND DIRECTORS ARE ELIGIBLE FOR AN ANNUAL BONUS UP TO 4% OF THEIR ANNUAL COMPENSATION. THE AMOUNT OF THE BONUS IS RELATED TO THE PERFORMANCE ON GOALS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE CEO DETERMINES THE BONUS FOR THE CHIEF OPERATING OFFICER (COO). THE CEO AND COO DETERMINE THE BONUSES FOR THE OTHER OFFICERS AND DIRECTORS. A REPORT EVALUATING THE ACCOMPLISHMENT OF THE GOALS IS PREPARED BY THE CEO ALONG WITH THE COO. THIS REPORT IS FORWARDED TO THE NJCPA EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED IN DETAIL BY THE CEO AND EXECUTIVE DIRECTOR AND AS NEEDED BY OTHER MEMBERS OF MANAGEMENT. ONE OF THE RESPONSIBILITIES OF THE AUDIT COMMITTEE IS TO REVIEW THE 990 PRIOR TO FILING. THE COMMITTEE'S REVIEW IS INTENDED TO ASSESS THE ADEQUACY OF THE PROCESS USED TO PREPARE THE FORM, AND INCLUDES A REVIEW OF THE FORM ITSELF, PARTICULARLY THE NARRATIVE PORTIONS, FOR CONSISTENCY WITH THE FOUNDATION'S MISSION, PUBLIC IMAGE, AND INTERNAL POLICIES AND PROCEDURES. THE AUDIT COMMITTEE REPORTS THE RESULTS OF ITS ASSESSMENT TO THE BOARD OF TRUSTEES, AND EACH TRUSTEE RECEIVES A COPY OF THE FORM PRIOR TO FILING. AN ACCOUNTING FIRM IS ENGAGED TO PREPARE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE MEMBERS OF THE BOARD OF TRUSTEES, OTHER VOLUNTEER LEADERS AND STAFF SIGN AN ACKNOWLEDGEMENT OF THE NJCPA CODE OF CONDUCT. WITHIN SAID ACKNOWLEDGEMENT, THEY INDICATE ANY CONFLICTS OF INTEREST. NOTED CONFLICTS ARE REVIEWED AT THE MEETINGS OF THE BOARD OF TRUSTEES AND A PETITION FOR DISCLOSURE OF ANY NEW CONFLICTS IS PUT FORTH AT EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION'S SALARIES AND BENEFITS ARE PAID BY A COMMON PAYMASTER, THE NJ SOCIETY OF CPAS. THE RELEVANT PROCEDURES OF THE COMMON PAYMASTER ARE AS FOLLOWS: FOR FISCAL YEAR 2024, THE NJ SOCIETY OF CPAS NJCPA) EXECUTIVE COMMITTEE, WITH THE EXCLUSION OF THE CEO & EXECUTIVE DIRECTOR (CEO), COMPLETED AN ANNUAL PERFORMANCE REVIEW AND ESTABLISHED THE COMPENSATION PACKAGE OF THE CEO (SEE BELOW.) IN ADDITION, IT REVIEWED MANAGEMENT'S EVALUATION AND COMPENSATION PROCESS FOR STAFF. THE COMMITTEE ALSO REVIEWED AND RATIFIED SALARY INCREASES AND VARIABLE COMPENSATION FOR THE CHIEF OPERATING OFFICER (SEE BELOW), THE CHIEF FINANCIAL OFFICER, THE CHIEF LEARNING OFFICER AND OTHER SENIOR MANAGEMENT. THE NJCPA ANNUALLY ENGAGES A COMPENSATION FIRM TO REVIEW THE MARKET PRICING FOR ONE THIRD OF ITS STAFF POSITIONS, ENSURING THAT EVERY POSITION WILL BE COMPARED TO MARKET EVERY THREE YEARS. THE NJCPA STRIVES FOR COMPENSATION TO REFLECT MARKET, INDIVIDUAL PERFORMANCE AND THE SUCCESS OF THE NJCPA IN MEETING ITS GOALS AND OBJECTIVES. THE NJCPA COMPENSATION STRUCTURE INCORPORATES THE USE OF MARKET RANGES FOR EACH POSITION, WHERE MARKET PRICING IS REVIEWED AND ADJUSTED ANNUALLY TO MAINTAIN APPROPRIATE INTERNAL RELATIONSHIPS AND MARKET CONDITIONS. THE CEO PERFORMED THE ANNUAL PERFORMANCE EVALUATION OF THE CHIEF OPERATING OFFICER (COO). SHE USED THE REPORT OF THE INDEPENDENT CONSULTANT ALONG WITH THE RESULTS OF THE PERFORMANCE EVALUATION TO SET THE SALARY AND VARIABLE COMPENSATION OF COO AND INFORMED THE NJCPA EXECUTIVE COMMITTEE OF THE SAME. THE NJCPA EXECUTIVE COMMITTEE RATIFIED THE COO'S SALARY AND VARIABLE COMPENSATION. THE NJCPA EXECUTIVE COMMITTEE REVIEWED THE PERFORMANCE OF THE CEO. THAT PROCESS INCLUDED A SELF-EVALUATION BY THE CEO AND INDEPENDENT EVALUATIONS BY EACH MEMBER OF THE EXECUTIVE COMMITTEE. THE COMMITTEE ALSO REVIEWED THE REPORT OF THE INDEPENDENT CONSULTANT AND CONSULTED WITH COMPARABLE NON-PROFIT ASSOCIATIONS REGARDING COMPENSATION AND PERFORMANCE MEASURES. THIS INFORMATION WAS THEN USED TO SET THE ANNUAL BASE COMPENSATION FOR THE YEAR BEGINNING JUNE 1, 2023 AND VARIABLE COMPENSATION FOR THE PRECEDING YEAR. THE COMMITTEE PREPARED A WRITTEN REPORT OF ITS EVALUATION AND DELIBERATIONS PERTAINING TO THE CEO'S PERFORMANCE AND ALL DECISIONS MADE WITH REGARD TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONDENSED FINANCIAL STATEMENTS ARE INCLUDED IN AN ANNUAL REPORT WHICH IS POSTED ON THE NJCPA WEBSITE (WWW.NJCPA.ORG) AND PUBLISHED IN THE NOVEMBER/DECEMBER ISSUE OF NEW JERSEY CPA MAGAZINE. COMPLETE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION. NEW JERSEY SOCIETY OF CPAS 105 EISENHOWER PKWY STE 300 ROSELAND NJ 07068 221153915 PROFESSIONAL NJ 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 NEW JERSEY SOCIETY OF CPAS M 1021520 FMV NEW JERSEY SOCIETY OF CPAS N 177201 FMV NEW JERSEY SOCIETY OF CPAS O 1021520 FMV NEW JERSEY SOCIETY OF CPAS R 68595 FMV NEW JERSEY SOCIETY OF CPAS S 359137 FMV