Nonprofit · EIN 56-1273347
THE NORTH CAROLINA CPA FOUNDATION INC
Tax-exempt · RALEIGH, NC 27607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $200,551 | $163,395 | $37,156 | $1,270,180 | $48,258 | $1,221,922 |
| April 30, 2024 | 990 | $219,738 | $141,310 | $78,428 | $1,140,573 | $17,328 | $1,123,245 |
| April 30, 2023 | 990 | $164,690 | $119,928 | $44,762 | $1,034,638 | $43,333 | $991,305 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $173,120
- Program service revenue
- $0
- Investment income
- $27,431
- Net gain from sales of assets
- $2,444
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $152,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $152,500
- Management and general (functional)
- $10,895
Balance sheet and other
- Total assets, start of year
- $1,140,573
- Total assets, end of year
- $1,270,180
- Total liabilities, end of year
- $48,258
- Net assets, end of year
- $1,221,922
- Publicly traded securities
- $968,557
- Net assets without donor restrictions
- $587,072
- Net assets with donor restrictions
- $634,850
- Gross receipts
- $200,551
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1980
- State of legal domicile
- NC
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK SOTICHECK | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $274,337 | $55,996 |
| LARA VANN | DIRECTOR OF FINANCE & ADMI Officer | 1 | $0 | $152,790 | $27,538 |
| AMETHIA CLAY | MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTONETTE LOCKETT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTINA HOWARD | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAN LAVELLE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR MALLISSA DAVI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR ROBY SAWYERS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEANETTE FRANZEL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER SHOFFNER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN GASKILL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATIE PATTERSON | MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLI ROBERTS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KINGSLEY IFEDI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MADISON WILLIAMS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE TRACZ CPA CFE | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| RACHEL ANNAELISE CHANEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended April 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHARON BRYSON | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $400,406 | $114,516 |
| MARK SOTICHECK | CHIEF OPERATING OFFICER Officer | 1 | $0 | $252,197 | $64,609 |
| LARA VANN | DIRECTOR OF FINANCE & ADMI Officer | 1 | $0 | $156,559 | $29,978 |
| ANTONETTE TONI LOCKETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA HOWARD | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAN LAVELLE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DEMETRICE PATTERSON | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR MALLISSA DAVI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR ROBY SAWYERS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEANETTE FRANZEL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER SHOFFNER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN GASKILL | MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLI ROBERTS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KINGSLEY IFEDI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MADISON WILLIAMS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE TRACZ CPA CFE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RACHEL ANNAELISE CHANEY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LISA OWENS-JACKSON | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended April 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHARON BRYSON | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $392,602 | $116,366 |
| MARK SOTICHECK | CHIEF OPERATING OFFICER Officer | 1 | $0 | $242,990 | $55,229 |
| LARA VANN | DIRECTOR OF FINANCE & ADMIN. Officer | 1 | $0 | $135,792 | $31,827 |
| ANTONETTE TONI LOCKETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAN LAVELLE | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSH SHOULDERS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KAREN GASKILL | MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KARI HIPSAK | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KELLI ROBERTS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LISA OWENS-JACKSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY MCCOY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE TRACZ CPA CFE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RACHEL CHANEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBY SAWYERS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA BREITSCHWERDT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 WYCLIFF RD STE 230, RALEIGH, NC 27607-3093
- Principal officer (990 for 2024)
- LARA NICOLE VANN, 2700 WYCLIFF ROAD 230, RALEIGH, NC 27607
- Signed the 990
- LARA NICOLE VANN, DIRECTOR OF FINANCE/ADMINISTRATION
- Phone
- (919) 469-1040
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
TO FURTHER THE DEVELOPMENT OF ACCOUNTING EDUCATION AND THE ACCOUNTING PROFESSION IN THE STATE OF NORTH CAROLINA.
Program accomplishments
- NC CPA FOUNDATION SCHOLARSHIPS AWARDS 3 LEVELS OF SCHOLARSHIPS TO DESERVING ACCOUNTING STUDENTS RANGING FORM $1,500-$2,500 BASED ON VARYING CRITERIA.Expenses $135,000 · grants $135,000
- JAMES MCCOY ACCOUNTING SCHOLARSHIP PROGRAM AWARDS ACADEMIC AND NEEDS-BASED SCHOLARSHIPS TO ACCOUNTING STUDENTS ATTENDING NORTH CAROLINA COLLEGES, UNIVERSITIES, AND COMMUNITY COLLEGES.Expenses $17,500 · grants $17,500
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 56-1273347
- 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
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,270,180
- Income (IRS master file)
- $200,551
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $200,551 | $163,395 | $1,270,180 | XML |
| 990 | April 2024 | $219,738 | $141,310 | $1,140,573 | XML |
| 990 | April 2023 | $164,690 | $119,928 | $1,034,638 | XML |
| 990 | April 2022 | $249,238 | $142,956 | $960,710 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 2018 | – | – | – | 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 56-1273347).
Questions about THE NORTH CAROLINA CPA FOUNDATION INC
- What is the EIN of THE NORTH CAROLINA CPA FOUNDATION INC?
- The employer identification number (EIN) of THE NORTH CAROLINA CPA FOUNDATION INC is 56-1273347.
- Is THE NORTH CAROLINA CPA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to THE NORTH CAROLINA CPA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE NORTH CAROLINA CPA FOUNDATION INC 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 THE NORTH CAROLINA CPA FOUNDATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NORTH CAROLINA CPA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of THE NORTH CAROLINA CPA FOUNDATION INC?
- The 990 for the year ended April 30, 2025 names LARA NICOLE VANN.
- Who are the officers and directors of THE NORTH CAROLINA CPA FOUNDATION INC?
- The 990 for the year ended April 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does THE NORTH CAROLINA CPA FOUNDATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $200,551, expenses of $163,395 and total assets of $1,270,180 at year end.
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