Nonprofit · EIN 61-6037533
THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC
Tax-exempt · LOUISVILLE, KY 40299
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $230,179 | $99,828 | $130,351 | $2,446,832 | $24,315 | $2,422,517 |
| June 30, 2024 | 990 | $264,194 | $84,861 | $179,333 | $2,195,808 | $0 | $2,195,808 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $129,722
- Program service revenue
- $0
- Investment income
- $100,959
- Net gain from sales of assets
- $70,152
- Net income from fundraising events
- -$1,285
- Other revenue
- -$502
Expenses
- Grants and similar amounts paid
- $61,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $99,828
Balance sheet and other
- Total assets, start of year
- $2,195,808
- Total assets, end of year
- $2,446,832
- Total liabilities, end of year
- $24,315
- Net assets, end of year
- $2,422,517
- Net assets without donor restrictions
- $2,334,798
- Net assets with donor restrictions
- $87,719
- Gross receipts
- $592,377
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1961
- State of legal domicile
- KY
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARLENE ZIBART | CEO Trustee or director, Officer | 2 | $223,243 | $20,022 |
| ROBIN G TEETERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI F DEARFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| J ADAM HANCOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LORI L ELAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHELBY N LEE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN S BRIGHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES B STEVISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT W PATTERSON JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WHITNEY STITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DARLENE ZIBART | CEO Trustee or director, Officer | 2 | $0 | $216,682 | $18,726 |
| ROBIN G TEETERS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LORI F DEARFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| J ADAM HANCOCK | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LORI L ELAM | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SHELBY N LEE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA C MATTOX | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JAMES B STEVISON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN J JOYNT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH Z WOODWARD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1735 ALLIANT AVE, LOUISVILLE, KY 40299-6326
- Principal officer (990 for 2024)
- DARLENE ZIBART, 1735 ALLIANT AVENUE, LOUISVILLE, KY 402996326
- Signed the 990
- DARLENE ZIBART, CEO
- Phone
- (502) 266-5272
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
THE EDUCATIONAL FOUNDATION OF THE KENTUCKY SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (EDUCATIONAL FOUNDATION), FOUNDED IN 1961, IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO ENHANCING THE NUMBER OF COLLEGE DEGREES IN KENTUCKY, EXPANDING THE PIPELINE OF FINANCIAL PROFESSIONALS IN THE BUSINESS MARKETPLACE, IMPROVING THE FINANCIAL LITERACY OF KENTUCKY'S YOUTH AND REVEALING TO STUDENTS THE BOUNDLESS CAREER OPPORTUNITIES OPEN TO THOSE WHO PURSUE AN ACCOUNTING DEGREE.
Program accomplishments
- THE FOUNDATION SUPPORTS A CPA FIRM AT JUNIOR ACHIEVEMENT BIZTOWN IN LOUISVILLE AND IN LEXINGTON. JA BIZTOWN COMBINES IN-CLASS LEARNING WITH HANDS ON LEARNING AT BIZTOWN. THROUGH THE EFFORTS OF THE FOUNDATION, JA NOW INCLUDES A CPA IN EACH OF THE OTHER STORE FRONTS AT BIZTOWN. THESE EFFORTS EXPOSE APPROXIMATELY 28,000 5TH GRADERS EACH YEAR TO THE ACCOUNTING PROFESSION.THE FOUNDATION PROVIDES SCHOLARSHIPS TO COLLEGE STUDENTS WHO ARE PURSUING A DEGREE IN ACCOUNTING. THESE SCHOLARSHIPS ARE AWARDED AFTER A COMPREHENSIVE APPLICATION PROCESS AND REVIEW. DURING THE 2024-25 FISCAL YEAR, THE FOUNDATION AWARDED 34 SCHOLARSHIPS FOR A TOTAL OF $61,500. THE FOUNDATION CURRENTLY HAS 28 NAMED SCHOLARSHIPS WHICH REQUIRE A $50,000 PLEDGE. EXTENSIVE FUNDRAISING EFFORTS ALLOW THE FOUNDATION TO SUPPORT THE CPA FIRM AT BOTH THE LOUISVILLE AND LEXINGTON BIZTOWNS AND PROVIDE THE SCHOLARSHIPS. WE HAVE BEEN SUCCESSFUL BECAUSE OF THE OVERWHELMING SUPPORT FROM THE CPA COMMUNITY. THEIR CONTRIBUTIONS HAVE ALLOWED THE FOUNDATION TO CONTINUE PROGRAMS AT THE GRADE SCHOOL, HIGH SCHOOL AND COLLEGE LEVEL. WE UNDERSTAND THAT EVERYONE INCLUDING PUBLIC PRACTICE FIRMS AND INDUSTRY ARE DEALING WITH THE ISSUE OF A SHORTAGE IN TALENT. OUR GOAL IS TO CREATE A PIPELINE OF TALENTED CPAS. THE CONTINUED VIABILITY AND SUSTAINABILITY OF MANY ORGANIZATONS IS DEPENDENT UPON THE DEVELOPMENT OF THIS PIPELINE.Expenses $99,828 · grants $61,500
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-6037533
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $2,446,832
- Income (IRS master file)
- $592,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $230,179 | $99,828 | $2,446,832 | IRS |
| 990 | June 2024 | $264,194 | $84,861 | $2,195,808 | XML |
| 990 | June 2023 | $119,856 | $88,493 | $1,906,157 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 61-6037533).
Questions about THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC
- What is the EIN of THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC?
- The employer identification number (EIN) of THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC is 61-6037533.
- Is THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS 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 EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC?
- The 990 for the year ended June 30, 2025 names DARLENE ZIBART.
- Who are the officers and directors of THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $223,243 (DARLENE ZIBART, CEO).
- How much revenue does THE EDUCATIONAL FOUNDATION OF OF THE SOCIETY OF CPAS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $230,179, expenses of $99,828 and total assets of $2,446,832 at year end.
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