2026-04-15T19:47:27-05:00 2025-05-31 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2024-06-01 223100961 NJCPA EDUCATION FOUNDATION INC NJCP 9732264494 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 AIYSHA JOHNSON CEO & EXECUTIVE DIRECTOR 9732264494 2026-04-15 1 1 LORI ROTHE YOKOBOSKY P01273422 9732283500 2026-04-06 2024 2025-03-06 01:10:19Z AIYSHA JOHNSON 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 2238131 0 X WWW.NJCPA.ORG/CPE X 1991 NJ TO 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 0 299 0 0 0 0 2822521 1948594 33765 54617 0 0 2856286 2003211 156823 118015 0 0 1021520 1034292 0 0 0 1462272 1232884 2640615 2385191 215671 -381980 3211779 2709819 920855 721449 2290924 1988370 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 1906997 118015 1948594 THE EDUCATION FOUNDATION PROVIDED EDUCATIONAL PROGRAMS TO OVER 21,000 PARTICIPANTS DURING THE FILING PERIOD, PROVIDING MORE THAN 40,000 CREDIT HOURS OF CONTINUING PROFESSIONAL EDUCATION (CPE). THIS WAS ACHIEVED THROUGH THE FOLLOWING COMPLIMENT OF PROGRAMS: 109 EXECUTIVE SEMINARS PRIMARILY ONEDAY PROGRAMS TARGETED AT CPAS IN PUBLIC PRACTICE 14 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 FULLDAY TAX AND ACCOUNTING PROGRAMS, AS WELL AS TRAINING IN NJ LAW AND ETHICS 3 ONSITE MEETINGS HALFDAY AND FULLDAY PROGRAMS DELIVERED AT THE OFFICES OF FIRMS AND COMPANIES 108 WEBINARS PRIMARILY TECHNICAL PROGRAMS, INCLUDING NJ LAW & ETHICS, DELIVERED VIA THE WEB THAT RANGE FROM ONE TO FOUR HOURS IN LENGTH. 1906997 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 10 0 1 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 STE 300 ROSELAND NJ 07068 AIYSHA JOHNSON CEO & EXECUTIVE DIRECTOR 2.00 58.00 X X 9681 313048 28687 EDWARD G O'CONNELL PRESIDENT-IMMEDIATE PAST PRESIDENT 0.50 8.50 X X 0 0 0 JOHN M SZCZOMAK PRESIDENT-ELECT 0.50 9.00 X X 0 0 0 JUNE M TOTH PRESIDENT 1.00 13.50 X X 0 0 0 KATHERINE E ZECH SECRETARY 0.30 1.20 X X 0 0 0 RALPH J EVANGELISTA TREASURER 0.50 1.50 X X 0 0 0 GREG TONDI DIR. OF FIN. & ADMIN 2.00 45.00 X 12310 141562 28594 JAMES L HARDENBERG CHIEF LEARNING OFFICER 22.50 22.50 X 99647 99647 11816 THERESA HINTON CHIEF OPERATING OFFICER 3.00 45.00 X 15816 210130 25746 DONALD MEYER CHIEF MARKETING OFFICER 2.00 43.00 X 10850 206161 16047 JOSEPH M MIDDLETON DIRECTOR OF INFORMATION TECHNOLOGY 10.00 30.00 X 39170 117509 36613 RACHAEL BELL DIR. CONTENT & COMM. 2.00 38.00 X 15739 127346 26283 203213 1215403 173786 0 0 1 0 0 EDUCATIONAL PROGRAMS 611430 1501460 1501460 OTHER PROGRAM SPONSORS 611430 362360 362360 WEBSITE PROGRAM 611430 84774 84774 1948594 48139 48139 241398 234920 6478 6478 6478 2003211 1948594 0 54617 118015 118015 131699 78760 52939 737318 463484 273834 46181 28877 17304 119094 75622 43472 10820 10820 12044 8947 3097 46525 33250 13275 80502 63114 17388 8647 4385 4262 1000816 1000761 55 23879 19192 4687 11260 2855 8405 CREDIT CARD FEES 36450 9243 27207 BAD DEBT 1905 483 1422 36 9 27 2385191 1906997 478194 0 1004116 558050 274489 37699 35785 223793 342300 319209 271467 68937 47742 1602745 1725942 3211779 2709819 30920 32533 615993 683997 273942 4919 920855 721449 X 2290924 1988370 2290924 1988370 3211779 2709819 -381980 79426 0 X 0 1 X 1 0 X 2157289 1633062 2165890 2822521 1948593 10727355 2157289 1633062 2165890 2822521 1948593 10727355 0 0 0 10727355 25202 44244 32453 41452 48139 191490 25202 44244 32453 41452 48139 191490 2182491 1677306 2198343 2863973 1996732 10918845 0.98250 0.98460 0.01750 0.01540 X 71102 36059 35043 166409 166409 0 81698 68999 12699 47742 DUE TO AFFILIATED ENTITY 4919 4919 X 7263689 79426 5191872 5271298 1992391 10820 10820 2003211 7270307 4895936 4895936 2374371 10820 10820 2385191 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: ELIMINATIONS -117,215. RELATED ORGANIZATION 5,309,087. PART XII, LINE 2D - OTHER ADJUSTMENTS: ELIMINATIONS -117,215. RELATED ORGANIZATION 5,013,151. 1 NJCPA SCHOLARSHIP FUND 105 EISENHOWER PARKWAY SUITE 300 ROSELAND NJ 07068 222291384 501(C)(3) 118015 0 SCHOLARSHIP AWARDS TO ACCOUNTING STUDENTS 1 PART I, LINE 2: THE FILING ORGANIZATION IS AFFILIATED WITH THE GRANT RECIPIENT AS THE TWO ORGANIZATIONS HAVE A 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 AIYSHA JOHNSON CEO & EXECUTIVE DIRECTOR 9125 295058 465 15035 91 2955 557 18001 307 9913 10545 340962 0 0 THERESA HINTON CHIEF OPERATING OFFICER 14735 195771 665 8835 416 5524 926 12306 904 12006 17646 234442 0 0 DONALD MEYER CHIEF MARKETING OFFICER 10214 194072 450 8550 186 3539 650 12355 216 4106 11716 222622 0 0 JAMES L HARDENBERG CHIEF LEARNING OFFICER 91581 91581 5250 5250 2816 2816 5687 5687 1150 1150 106484 106484 0 0 JOSEPH M MIDDLETON DIRECTOR OF INFORMATION TECHNOLOGY 37775 113324 713 2138 682 2047 2434 7303 6945 20833 48549 145645 0 0 GREG TONDI DIR. OF FIN. & ADMIN 11829 136030 428 4922 53 610 686 7886 1609 18510 14605 167958 0 0 RACHAEL BELL DIR. CONTENT & COMM. 15049 121764 314 2537 376 3045 960 7765 2023 16364 18722 151475 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 IS 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 2025 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 2025, 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 RELATIONSHIP 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 THE 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, 2024 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 PARKWAY STE 300 ROSELAND NJ 07068 221153915 PROFESSIONAL NJ 501(C)(6) N/A 0 NJCPA SCHOLARSHIP FUND 105 EISENHOWER PARKWAY STE 300 ROSELAND NJ 07068 222291384 EDUCATIONAL NJ 501(C)(3) LINE 7 NJSCPA 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 NEW JERSEY SOCIETY OF CPAS M 1034292 FMV NEW JERSEY SOCIETY OF CPAS N 150970 FMV NEW JERSEY SOCIETY OF CPAS O 1034292 FMV NEW JERSEY SOCIETY OF CPAS P 62570 FMV NEW JERSEY SOCIETY OF CPAS Q 103591 FMV NEW JERSEY SOCIETY OF CPAS R 62469 FMV NEW JERSEY SOCIETY OF CPAS S 340105 FMV