Nonprofit · EIN 13-6169602
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,619,069 | $2,047,349 | -$428,280 | $8,681,017 | $375,040 | $8,305,977 |
| December 31, 2023 | 990 | $1,396,709 | $2,275,325 | -$878,616 | $8,762,743 | $582,450 | $8,180,293 |
| December 31, 2021 | 990 | $1,425,821 | $3,418,556 | -$1,992,735 | $13,398,999 | $1,784,558 | $11,614,441 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,243,722
- Program service revenue
- $0
- Investment income
- $382,786
- Net gain from sales of assets
- $170,405
- Net income from fundraising events
- -$7,439
- Other revenue
- -$7,439
Expenses
- Grants and similar amounts paid
- $1,315,739
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $31,581
- Travel
- $70,467
- Program services (functional)
- $1,584,814
- Management and general (functional)
- $341,866
- Fundraising (functional)
- $120,669
Balance sheet and other
- Total assets, start of year
- $8,762,743
- Total assets, end of year
- $8,681,017
- Total liabilities, end of year
- $375,040
- Net assets, end of year
- $8,305,977
- Publicly traded securities
- $7,086,436
- Net assets without donor restrictions
- $7,499,553
- Net assets with donor restrictions
- $806,424
- Gross receipts
- $2,405,263
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1922
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY LASPALUTO | ASSISTANT TREASURER Officer | 0.3 | $0 | $584,985 | $53,068 |
| MICHAEL DECKER | SECRETARY Officer | 0.3 | $0 | $480,929 | $69,580 |
| JOANNE FIORE | FORMER SECRETARY Former | 0.3 | $0 | $381,263 | $51,876 |
| CHARMONE ADAMS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID SCOTT SHOWALTER | BOARD LIAISON Trustee or director | 0.3 | $0 | $0 | $0 |
| EDWARD GUTTENPLAN | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| FREDERICK NISWANDER | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| KRISTINE HULL | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| LAURA HORVATH | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| LISA FORT | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| NOEL BOWERS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| REBECCA FONDELL | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| ROBERT MCKOY | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| SHAKOR JUKES | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| THERESA GOLDEN | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALTER J BRASCH | TRUSTEE Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DECKER | SECRETARY Officer | 0.3 | $0 | $438,144 | $70,307 |
| TIMOTHY LASPALUTO | ASSISTANT TREASURER Officer | 0.3 | $0 | $438,473 | $54,918 |
| JOANNE FIORE | FORMER SECRETARY Former | 0.3 | $0 | $377,694 | $59,812 |
| DAVID SCOTT SHOWALTER | BOARD LIAISON Trustee or director | 0.3 | $0 | $0 | $0 |
| BRIDGET KAIGLER | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| CHARMONE ADAMS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| FREDERICK NISWANDER | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| GUIDO GEERTS | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| JESSICA CORMIER | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| JESSICA MCCLAIN | TRUSTEE (OUTGOING) Trustee or director | 0.3 | $0 | $0 | $0 |
| KRISTINE HULL | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| LAURA HORVATH | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| LISA FORT | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| NOEL BOWERS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| ROBERT MCKOY | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| SHAKOR JUKES | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| THERESA GOLDEN | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| WALTER BRASCH | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2021: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DECKER | SECRETARY Officer | 0.3 | $0 | $371,027 | $73,037 |
| TIMOTHY LASPALUTO | ASSISTANT TREASURER Officer | 0.3 | $0 | $345,679 | $55,645 |
| JOANNE FIORE | SECRETARY (OUTGOING) Officer | 0.3 | $0 | $340,127 | $31,925 |
| BRIDGET KAIGLER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| BRUCE BEHN | BOARD LIAISON Trustee or director | 0.3 | $0 | $0 | $0 |
| EDUARDO JORDAN | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| ERNIE ALMONTE | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| GUIDO GEERTS | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JENNIFER BRIGGS | TRUSTEE (OUTGONG) Trustee or director | 0.3 | $0 | $0 | $0 |
| JESSICA CORMIER | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JESSICA MCCLAIN | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JINA ETIENNE | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| JOHN SCHIFFMAN | TRUSTEE (OUTGONG) Trustee or director | 0.3 | $0 | $0 | $0 |
| LOUIS GRIEGO | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
| PAULA THOMAS | TRUSTEE/TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| ROBERT MCKOY | TRUSTEE Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 LEIGH FARM RD, DURHAM, NC 27707-8110
- Principal officer (990 for 2024)
- TIMOTHY LASPALUTO, 220 LEIGH FARM ROAD, DURHAM, NC 277078110
- Signed the 990
- TIMOTHY LASPALUTO, ASST TREASURER
- Phone
- (919) 402-4500
- Website
- WWW.AICPA-CIMA.COM
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO ADVANCE THE SCIENCE OF ACCOUNTANCY AND TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION THROUGH PROGRAMS FOCUSING ON CULTURAL DIVERSITY IN THE ACCOUNTING PROFESSION, ETHICAL BUSINESS BEHAVIOR AND FINANCIAL LITERACY, AMONG OTHER PROGRAMS.
Program accomplishments
- ACCOUNTING EDUCATION SUPPORT AND RESEARCH: THE AICPA FOUNDATION PROVIDES ACCOUNTING FINANCIAL EDUCATION AND CAREER SUPPORT THROUGH SCHOLARSHIPS AND FELLOWSHIPS FOR TOP UNDERGRADUATE, GRADUATE, AND DOCTORAL ACCOUNTING STUDENTS, REIMBURSES FEES ASSOCIATED WITH THE CPA EXAM, AND OFFERS WORKSHOPS THAT ENHANCE STUDENTS' PROFESSIONAL SKILLS AND UNDERSTANDING OF THE CPA LICENSURE PROCESS. THE FOUNDATION CONCENTRATES PROGRAM FUNDING FOR SCHOLARSHIPS AND FELLOWSHIPS TO INDIVIDUALS ON A CPA PATHWAY WHO DEMONSTRATE FINANCIAL NEED, PLAN TO PURSUE CPA LICENSURE, HAVE COLLEGE CREDITS IN ACCOUNTING, OR ARE CURRENT CPAS PURSING ACCOUNTING DOCTORAL STUDIES. DURING 2024 THE FOUNDATION PROVIDED ASSISTANCE TO A TOTAL OF 340 RECIPIENTS THROUGH ITS SCHOLARSHIP, FELLOWSHIP AND EDUCATION OUTREACH PROGRAMS. AICPA FOUNDATION LEGACY SCHOLARSHIPS ARE DESIGNED TO SUPPORT THE NEXT GENERATION OF CPAS BY PROVIDING FINANCIAL ASSISTANCE AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO UNDERGRADUATE AND GRADUATE STUDENTS. THESE SCHOLARSHIPS HELP ALLEVIATE THE FINANCIAL BURDEN OF HIGHER EDUCATION, ALLOWING TALENTED INDIVIDUALS TO FOCUS ON THEIR STUDIES AND PURSUE THEIR CPA LICENSURE. AICPA FOUNDATION LEGACY SCHOLARSHIPS INCLUDE THE AICPA FOUNDATION TWO-YEAR TRANSFER SCHOLARSHIP, THE AICPA FOUNDATION SCHOLARSHIP FOR ACCOUNTING STUDENTS, THE AICPA SCHOLARSHIP FOR FUTURE CPAS, THE JOHN L. CAREY SCHOLARSHIP, AND THE AICPA/PCPS GEORGE WILLIE SCHOLARSHIP. A TOTAL OF 127 AICPA FOUNDATION LEGACY SCHOLARSHIPS WERE GRANTED DURING 2024. AICPA FOUNDATION CPA EXAM SCHOLARSHIPS WERE CREATED IN 2020 TO ASSIST STUDENT AND CPA EXAM CANDIDATES WITH SOME OF THE COSTS ASSOCIATED WITH TAKING THE CPA EXAM. 83 AICPA FOUNDATION CPA EXAM SCHOLARSHIPS WERE GRANTED DURING 2024. THE AICPA FOUNDATION FELLOWSHIP FOR ACCOUNTING DOCTORAL STUDIES (FADS) PROGRAM WAS ESTABLISHED IN 2024 AND IS AVAILABLE TO ELIGIBLE NEW AND CURRENT DOCTORAL CANDIDATES, PROVIDING CPAS WITH ESSENTIAL FINANCIAL ASSISTANCE AND RESOURCES TO BECOME ACCOUNTING EDUCATORS. THE FADS PROGRAM UNITES THREE PRIOR PROGRAMS OF THE AICPA FOUNDATION (THE AICPA FELLOWSHIP FOR MINORITY DOCTORAL STUDENTS, THE ACCOUNTING DOCTORAL STUDENTS (ADS) PROGRAM, AND THE WILLIAM EZZELL SCHOLARSHIP) INTO A SINGLE FELLOWSHIP FOR ACCOUNTING DOCTORAL STUDENTS. THE CONSOLIDATED FELLOWSHIP PROGRAM AIMS TO SUPPORT ASPIRING ACCOUNTING EDUCATORS, STRENGTHEN THE CPA PIPELINE, AND ADVANCE THE PROFESSION THROUGH ACADEMIC EXCELLENCE AND MENTORSHIP. 22 FADS PROGRAM FELLOWSHIPS AND 3 ACCOUNTING DOCTORAL STUDENTS (ADS) AWARDS WERE GRANTED BY THE FOUNDATION DURING 2024. THE AICPA FOUNDATION COLLABORATES WITH THE AICPA TO SUPPORT THE ACCOUNTING SCHOLARS LEADERSHIP WORKSHOP (ASLW), A WORKSHOP THAT RAISES AWARENESS AND EDUCATES STUDENTS ABOUT THE BROAD CAREER OPPORTUNITIES AVAILABLE IN THE ACCOUNTING AND FINANCE PROFESSION. THE WORKSHOP EVENT IS DESIGNED TO PROVIDE STUDENTS WITH THE SKILLS THEY CAN USE TO SUCCEED, GROW AND DEVELOP ONCE THEY ENTER THE PROFESSION. DURING 2024 THE FOUNDATION ASSISTED 105 STUDENTS FROM 33 DIFFERENT STATES/TERRITORIES WITH ATTENDING THE ANNUAL INTERACTIVE EVENT. THE BARRY C. MELANCON PROFESSIONAL ACCOUNTING RESEARCH (PAR) FELLOWSHIP WILL SUPPORT THE NEXT GENERATION OF ACCOUNTING AND FINANCIAL PROFESSIONALS WITH THE SKILLS, KNOWLEDGE AND TRAINING TO ADVANCE THE ACCOUNTING AND FINANCE PROFESSION. THE FELLOWSHIP GRANT WILL SUPPORT DOCTORAL STUDENTS WHO ARE UNDERTAKING PRACTICAL RESEARCH TO ADVANCE THE SCIENCE OF PUBLIC OR MANAGEMENT ACCOUNTING PRACTICE. THE MELANCON PAR FELLOWSHIP WAS ESTABLISHED IN 2024 AND GRANTS WILL BE AWARDED TO TWO DOCTORAL STUDENTS IN 2025. GRANT AWARDS WILL BE CONTINGENT ON THE COST OF THE APPLICANT'S RESEARCH PROJECT AND THE FINANCIAL NEEDS OF THE APPLICANT AND WILL PROVIDE PERIODIC UPDATES TO THE FOUNDATION BOARD OF TRUSTEES REGARDING THEIR RESEARCH FINDINGS.Expenses $1,584,814 · grants $1,315,739
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6169602
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,681,017
- Income (IRS master file)
- $2,405,263
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,619,069 | $2,047,349 | $8,681,017 | XML |
| 990 | December 2023 | $1,396,709 | $2,275,325 | $8,762,743 | XML |
| 990 | December 2022 | $1,200,256 | $2,496,320 | $8,850,047 | IRS |
| 990 | December 2021 | $1,425,821 | $3,418,556 | $13,398,999 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6169602).
Questions about AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION
- What is the EIN of AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION?
- The employer identification number (EIN) of AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION is 13-6169602.
- Is AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION?
- The 990 for the year ended December 31, 2024 names TIMOTHY LASPALUTO.
- Who are the officers and directors of AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,619,069, expenses of $2,047,349 and total assets of $8,681,017 at year end.
Other nonprofits in DURHAM
- DUKE UNIVERSITY HEALTH SYSTEM INC EIN 56-2070036 · last filed 990 for 2025
- DUKE UNIVERSITY EIN 56-0532129 · last filed 990 for 2025
- GOTHIC CORPORATION EIN 56-1776668 · last filed 990 for 2025
- DUKE HEALTH INTEGRATED PRACTICE INC EIN 86-2109896 · last filed 990 for 2025
- GOTHIC HSP CORPORATION EIN 27-1325761 · last filed 990 for 2025
- FAMILY HEALTH INTERNATIONAL EIN 23-7413005 · last filed 990 for 2025
- L C IND INC EIN 56-0686307 · last filed 990 for 2025
- NCINNOVATION INC EIN 84-4902334 · last filed 990 for 2025