2026-08-17T09:11:33-05:00 2026-03-31 430765316 RUBINBROWN LLP 1201 DEMONBREUN STREET SUITE 1200 NASHVILLE TN 37203 990 2025-04-01 620854743 EDUCATIONAL & MEMORIAL FOUNDATION OF TENNESSEE SOCIETY OF CPAS EDUC 6153773825 201 POWELL PLACE BRENTWOOD TN 37027 KARA N FITZGERALD PRESIDENT/CEO 6153773825 2026-07-30 1 MICHAEL T MAGGART P00900539 6152535200 2025 2025-03-06 01:10:19Z KARA N FITZGERALD 201 POWELL PLACE BRENTWOOD TN 37027 7964798 0 X WWW.TSCPA.COM X 1971 TN THE MISSION IS TO FURTHER THE STUDY, PRACTICE, AND/OR TEACHING OF ACCOUNTANCY AND RELATED FIELDS THROUGH PROVISION OF EDUCATIONAL OPPORTUNITIES TO THE CPA PROFESSION AND PROVIDING SCHOLARSHIPS FOR PROMISING YOUNG ACCOUNTING STUDENTS. 124 124 0 0 0 0 230616 334995 2010600 1968226 125152 751221 930 2080 2367298 3056522 275000 268000 0 0 782955 844999 0 0 0 1372722 1260999 2430677 2373998 -63379 682524 4043490 4286290 152320 158054 3891170 4128236 TO FURTHER THE STUDY, AND/OR TEACHING OF ACCOUNTANCY AND RELATED FIELDS THROUGH PROVISION OF EDUCATIONAL OPPORTUNITIES TO THE CPA PROFESSION AND PROVIDING SCHOLARSHIPS FOR PROMISING YOUNG ACCOUNTING STUDENTS. 0 0 1972799 1970306 CPE COURSE COSTS FOR 870 COURSES ATTENDED BY 24,113 PARTICIPANTS THROUGHOUT THE 2025 - 2026 FISCAL YEAR. 268000 268000 SCHOLARSHIPS FOR 141 STUDENTS ATTENDING COLLEGES IN TENNESSEE AND MAJORING IN ACCOUNTING. N/A 2240799 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 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 1 0 1 17 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 124 124 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X X KARA N FITZGERALD 6153773825 201 POWELL PLACE BRENTWOOD TN 37027 STEPHANIE MITCHELL DIRECTOR 1.00 X 0 0 0 KELLY CROW PAST CHAIR 1.00 X 0 0 0 HEATHER BATSON CHAIR 1.00 X 0 0 0 GINA PRUITT CHAIR-ELECT 1.00 X 0 0 0 RICHARD HILL TREASURER 1.00 X 0 0 0 CLAUDE BLANKENSHIP DIRECTOR 1.00 X 0 0 0 DIMETA SMITH KNIGHT DIRECTOR 1.00 X 0 0 0 KEITH O'CONNOR DIRECTOR 1.00 X 0 0 0 MARILYN YOUNG DIRECTOR 1.00 X 0 0 0 COURTNEY BACH DIRECTOR 1.00 X 0 0 0 STEPHANIE FOWLER DIRECTOR 1.00 X 0 0 0 ANDREA MEINARDI DIRECTOR 1.00 X 0 0 0 KARA FITZGERALD PRESIDENT/CEO 6.00 34.00 X 0 369917 24700 KATHRYN B CHEEK CHIEF OPERATING OFFICER 8.00 32.00 X 0 166247 17906 JUSTIN J STEELE DIR OF PROF DEVELOPMENT 38.00 2.00 X 0 130856 1200 ALESHIA D GARRETT DIR OF COMMUNICATIONS & TE 8.00 32.00 X 0 105772 8731 MICHAEL LINDNER TECHNOLOGY PROJECT MANAGER 32.00 8.00 X 0 104553 0 0 877345 52537 0 0 1 0 0 334995 16704 334995 REVENUE - CPE 611600 1968226 1968226 1968226 117794 117794 5541703 4908276 633427 633427 633427 OTHER REVENUE 900099 2080 2080 2080 3056522 1970306 0 751221 268000 268000 58245 58245 621101 621101 116314 116314 49339 49339 31839 31839 23022 23022 61225 61225 9309 8818 491 105531 88909 16622 125416 125416 57928 57928 412887 412887 30276 30276 24136 24136 HONORARIUM 338882 338882 BANK CHARGES 40548 40548 2373998 2240799 133199 0 9225 14515 219834 258566 22299 20750 60920 16782 9419 8397 3721793 3967280 4043490 4286290 33692 32646 20568 20396 98060 105012 152320 158054 X 2115195 2192754 1775975 1935482 3891170 4128236 4043490 4286290 682524 -445456 -2 X 0 1 X 1 0 X 321477 195670 233405 230616 334995 1316163 2028684 2096367 2131343 2011530 1970306 10238230 2350161 2292037 2364748 2242146 2305301 11554393 0 0 0 11554393 46630 68487 117133 125152 751221 1108623 46630 68487 117133 125152 751221 1108623 45630 67487 116133 124152 750221 1103623 2442421 2428011 2598014 2491450 3806743 13766639 0.83930 0.93960 0.08050 0.03040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1750974 211218 1962192 1722074 28900 1750974 1794374 47700 120000 1722074 1754999 174375 135000 1794374 1601626 287952 134579 1754999 0.07222 0.92778 0.00000 0 1 1 0 INTERCOMPANY 105012 105012 X PART V, LINE 4: THE ORGANIZATION HAS ESTABLISHED ENDOWMENT FUNDS TO ENSURE THE OBSERVANCE OF LIMITATIONS AND RESTRICTIONS PLACED ON THE USE OF CONTRIBUTIONS AND SUPPORT TO THE FOUNDATION. THESE CONTRIBUTIONS ARE PERMANENTLY INVESTED. A DESCRIPTION OF THESE FUNDS FOLLOWS: *THE LIFE ASSOCIATES SCHOLARSHIP FUND WAS CREATED TO ACCOUNT FOR THE PROCEEDS OF THE ORGANIZATION'S PRIMARY FUNDRAISING ACTIVITIES. THIS FUND RECEIVES ALL LIFE ASSOCIATES' CONTRIBUTIONS NOT OTHERWISE RESTRICTED. THE FUND'S INVESTMENT INCOME SUPPORTS THE ORGANIZATION'S PRIMARY SCHOLARSHIP PROGRAMS. EARNINGS ON THESE INVESTMENTS ARE RECORDED AS UNRESTRICTED SINCE THEY FUND THE CURRENT SCHOLARSHIP AWARDS. *THE JOHN GLENN FUND GRANTS AWARDS TO INDIVIDUALS OF EXCEPTIONAL PERFORMANCE ON THE UNIFORM CERTIFIED PUBLIC ACCOUNTANCY EXAMINATIONS GIVEN IN THE STATE OF TENNESSEE. *THE PAUL L. ROYSTON FUND, ROBERT W. KNAPP FUND, MAXIE O. PATTON FUND, RICHARD L. TOWNSEND FUND, WILL J. PUGH FUND, CALVIN A. & JEAN C. KING FUND, BERNIE GOLDSTEIN FUND, WARD HARDER FUND, MEMPHIS CHAPTER FUND, NASHVILLE CHAPTER FUND, CHATTANOOGA CHAPTER FUND, WEST TENNESSEE CHAPTER FUND, APPALACHIAN CHAPTER FUND, B. BRADFORD FLOYD FUND, DELOITTE FUND, BRUCE SULLIVAN FUND, DAVID K. MORGAN FUND, IMOGENE A. POSEY FUND, R. MICHAEL CAIN FUND, PAULA B. THOMAS FUND, ROBERT V. WHISENANT FUND, GEOFFREY AND DEBRA STEWART FUND, ARTHUR L. SPARKS FUND, CHARLES FRASIER FUND, DEBBIE NEWELL LEGACY FUND, DOUG E. WARREN FUND, JOHN AND JUDY GRIESBECK FUND, KNOXVILLE CHAPTER FUND, AND STEPHEN R. HALE FUND. EACH SUPPORT ANNUAL SCHOLARSHIPS TO DESERVING ACCOUNTING STUDENTS. THE ORGANIZATION'S TRUSTEES, WITH ASSISTANCE FROM THE SOCIETY'S SCHOLARSHIP COMMITTEE, DETERMINE THE RECIPIENTS OF THE SCHOLARSHIPS AND OTHER AWARDS. PART X, LINE 2: THE SOCIETY AND THE AFFILIATED LOCAL CHAPTERS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, WITH THE EXCEPTION OF TAXES ON UNRELATED BUSINESS ACTIVITY. THE SOCIETY IS SUBJECT TO FEDERAL UNRELATED BUSINESS INCOME TAX AND TENNESSEE EXCISE TAX RELATED TO ADVERTISING REVENUES PRODUCED FROM PERIODIC PUBLICATIONS. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SOCIETY'S, AFFILIATED LOCAL CHAPTER'S, AND FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE TSCPA ENGAGES IN LOBBYING ACTIVITIES AND IS THEREFORE SUBJECT TO CERTAIN REQUIREMENTS AND A POTENTIAL PROXY TAX. IN LIEU OF PAYING SUCH PROXY TAX, THE TSCPA ELECTS TO DISCLOSE TO ITS MEMBERS THE NONDEDUCTIBLE PORTION OF THIER DUES RELATED TO LOBBYING EXPENDITURES. THE TSCPA FOLLOWS FASB ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE TSCPA EVALUATES THE TAX POSITIONS TAKEN ON TAX FILINGS AND CONSULTS WITH OUTSIDE PROFESSIONALS IN EVALUATING THE LIKELIHOOD OF UNFAVORABLE RESULTS FROM ANY SUCH TAX POSITIONS. THE TSCPA HAS DETERMINED FASB ASC 740 HAS NO MATERIAL EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS DUE TO THE MINIMAL NATURE OF THE PRESENT LEVEL OF UNRELATED BUSINESS INCOME. 1 SCHOLARSHIPS 141 268000 BOOK PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FUNDS DISTRIBUTED ARE DETERMINED BY THE EDUCATIONAL & MEMORIAL FOUNDATION BOARD. ONCE APPROVED THESE FUNDS ARE ALLOCATED AND MONITORED BY THE TSCPA SCHOLARSHIP COMMITTEE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KARA FITZGERALD PRESIDENT/CEO 0 369917 0 0 0 0 0 23500 0 1200 0 394617 0 0 KATHRYN B CHEEK CHIEF OPERATING OFFICER 0 166247 0 0 0 0 0 16706 0 1200 0 184153 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS PRESENTED TO AND REVIEWED BY THE EDUCATIONAL AND MEMORIAL FOUNDATION MANAGEMENT, THE BOARD CHAIR, THE AUDIT COMMITTEE, AND THE TREASURER, PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE ORGANIZATION REQUIRES SIGNED CONFLICT OF INTEREST STATEMENTS ANNUALLY FROM THE TSCPA BOARD OF DIRECTORS, FOUNDATION BOARD OF TRUSTEES, AND THE CHAPTER OFFICERS AND BOARD MEMBERS. THE ORGANIZATION CONVEYS AN AWARENESS OF THE NEED TO AVOID ALL CONFLICTS OF INTEREST AND APPEARANCES OF CONFLICTS OF INTEREST. CONFLICTS OF INTEREST INCLUDE, BUT ARE NOT LIMITED TO, TRANSACTIONS BETWEEN VENDORS OR BUSINESSES AND THE ORGANIZATION'S DIRECTORS, TRUSTEES, OFFICERS, EMPLOYEES, VOLUNTEERS, BOARD MEMBERS OR FAMILIES OF ANY OF THESE PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION IS DETERMINED BY A PERSONNEL COMMITTEE THAT IS APPOINTED BY THE BOARD CHAIR FOLLOWING EVALUATION OF JOB PERFORMANCE AND A REVIEW OF COMPARATIVE COMPENSATION PACKAGES FOR OTHER STATE ASSOCIATIONS. FORM 990, PART VI, SECTION B, LINE 15B: COMPENSATION PROCESS FOR OFFICERS COMPENSATION IS DETERMINED BY A PERSONNEL COMMITTEE THAT IS APPOINTED BY THE BOARD CHAIR. TOTAL BUDGETED STAFF COMPENSATION IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, BOARD OF DIRECTORS, AND COUNCIL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART X1, LINE 9 OTHER CHANGES IN NET ASSETS OF $(2) REPRESENTS ROUNDING DIFFERENCES BETWEEN FORM 990 AND CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PART I, LINE 15 SALARIES, OTHER COMPENSATION, AND EMPLOYEE BENEFITS, AS IDENTIFIED, IS DERIVED FROM THE FUNCTIONAL ALLOCATION OF SERVICES RENDERED IN ASSOCIATION WITH TENNESSEE SOCIETY OF CPAS. FORM 990, SCHEDULE D, PART V, LINE 1-2: THE ORGANIZATION PRESENTS THE ENDOWMENT FUNDS FOR THE CURRENT YEAR AND PAST FOUR YEARS IN ITS TAX RETURN TO COINCIDE WITH THE FINANCIAL STATEMENT DISCLOSURE ASSOCIATED WITH THE ENDOWMENT FUNDS CONTAINED WITHIN THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS. ENDOWMENT FUNDS AS REFLECTED ON PART V REPRESENTS THE CONSOLIDATED ENDOWMENT AS DISCLOSED WITHIN THE CONSOLIDATED ORGANIZATION'S FINANCIAL STATEMENTS. THE CURRENT END OF YEAR BALANCE INCLUDES $185,175 ATTRIBUTABLE TO SUCH ENDOWMENT FUNDS AS MAINTAINED BY INDIVIDUAL CHAPTERS WITHIN THE TENNESSEE SOCIETY OF CPAS GROUP TAX RETURN. TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS 201 POWELL PLACE BRENTWOOD TN 37027 620636194 SUPPORT TN 501C6 TN SOCIETY 0 TENNESSEE SOCIETY OF CPAS GROUP (CHAPTERS) 201 POWELL PLACE BRENTWOOD TN 37027 237415944 CHAPTERS TN 501C6 TN SOCIETY 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 TENNESSEE SOCIETY OF CPAS C 3100 TENNESSEE SOCIETY OF CPAS M 1049269 TENNESSEE SOCIETY OF CPAS N 61225 TENNESSEE SOCIETY OF CPAS S 11819 TENNESSEE SOCIETY OF CPAS R 114556 TENNESSEE SOCIETY OF CPAS K 21207 SCHEDULE R - ADDITIONAL INFORMATION TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (TSCPA) IS A DIRECT CONTROLLING ENTITY OF THE EDUCATIONAL & MEMORIAL FOUNDATION OF THE TENNESSEE SOCIETY OF CPAS. TSCPA'S PRIMARY ACTIVITIES INCLUDE PROVIDING MEMBER SERVICES AND SUPPORTING CONTINUING EDUCATION PROGRAMS.