2023-02-21T12:22:26-06:00 2022-06-30 BDO USA LLP 10200 Grand Central Ave Suite 320 Owings Mills MD 21117 990 2021-07-01 521787902 Maryland Association of Certified Public Accountants Educational Foundation Inc % LAURA SWANN MARY 4102966250 901 Dulaney Valley Road Suite 800 Towson MD 21204 Laura Swann CFO 4102966250 2023-02-16 true Laura Swann 999009999 Brian J Ray P01278507 4103633200 2023-02-06 2021 2023-03-07 01:45:13Z Laura Swann 901 Dulaney Valley Road800 Towson MD 21204 229484 false X macpa.org/foundation X 1992 MD The MACPA Educational Foundation's purpose is to encourage students to pursue careers as Certified Public Accountants and to carry on certain charitable and educational 12 11 0 11 0 29776 84633 0 0 54449 62220 0 40147 84225 187000 7000 9037 0 0 0 0 0 0 0 8707 50446 15707 59483 68518 127517 634652 630802 0 4531 634652 626271 X The MACPA Educational Foundation's purpose is to encourage students to pursue careers as Certified Public Accountants and to carry on certain charitable and educational activities of the Maryland Association of Certified Public Accountants, Inc (MACPA). The Foundation also includes a CPA pipeline and diversity and inclusion initiatives. true false 9037 9037 THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING STUDENTS. 5 SCHOLARSHIPS WERE GIVEN BASED ON NEED, MERIT, AND THE DESIRE TO PURSUE A CAREER AS A CERTIFIED PUBLIC ACCOUNTANT AS WELL AS VARIOUS PIPELINE, DIVERSITY, AND INCLUSION INITIATIVES. 39709 0 THE FOUNDATION ENGAGED IN A SERIES OF NEW EDUCATIONAL EVENTS AND OUTREACH PROGRAMS DURING THE 2022 FISCAL YEAR END, INCLUDING RECOGNITION EVENTS OF NEW CPAS AS WELL AS CELEBRATING THE ACHIEVEMENTS OF CURRENT PROFESSIONALS. 48746 true true false false false false false false false true false false false false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false false 12 11 false false false false false false false true true false false true false false false false false false MD X X LAURA SWANN 4436322325 901 DULANEY VALLEY ROAD SUITE 800 Towson MD 21204 Jacqueline Brown CHIEF Executive OFFICER 0.2 45.0 X X 0 253460 19888 Francis Falatko Chief Financial Officer 0.2 45.0 X 0 148513 11500 Kimberly N Ellison-Taylor Chair 0.2 0.0 X 0 0 0 Samantha Bowling Director 0.2 1.8 X 0 0 0 Avonette blanding Secretary 0.2 1.8 X 0 0 0 Patrick M Byer Sr Director 0.2 0.9 X 0 0 0 Susan Chutka Director 0.2 0.9 X 0 0 0 Herb Geary III Director 0.2 1.8 X 0 0 0 Jessica E McClain Director 0.2 0.0 X 0 0 0 Anoop N Mehta Director 0.2 0.0 X 0 0 0 Nicholas Tatum Director 0.2 0.0 X 0 0 0 Satina V Williams Director 0.2 0.0 X 0 0 0 George Willie Director 0.2 0.0 X 0 0 0 0 401973 31388 0 false true false 0 84633 84633 0 8617 8617 0 0 0 0 0 96087 42484 53603 53603 53603 0 0 0 0 0 0 0 0 0 FURTHERING THE PROFESSION EVENTS 900099 40147 40147 40147 187000 40147 62220 4037 4037 5000 5000 0 0 0 0 0 0 0 0 0 0 1000 1000 0 0 8806 8806 0 0 0 0 0 0 0 0 0 0 0 0 0 EDUCATION EVENTS 39709 39709 0 0 CREDIT CARD FEES 860 860 BANK FEES 71 71 59483 48746 10737 0 47366 114892 0 49192 0 0 2487 13595 0 0 0 0 0 0 0 0 0 0 0 0 584799 453123 0 0 0 0 0 0 0 0 634652 630802 0 4531 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4531 X 586151 587254 48501 39017 634652 626271 634652 630802 127517 -135898 X X false true X false false X X 1 MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS 520702331 10 true 0 0 1 0 0 true false true false false false false false false false false false false false false false false false Part IV, Section C, Line 1: The Educational Foundation provides scholarships to accounting students who express a desire to become CPAs. There is a scholarship committee which reviews applications and determines the recipients. Scholarships are based on need, grades, and meeting the requirements for the application. The Educational Foundation also conducts various outreach and educational events regarding the role and importance of the CPA profession. The Organization's By-Laws provide that its Board of Directors must include two current members of the Supported Organization's Executive Committee and at least 2 members that are current Board Members of the Supported Organization's Board of Directors. In addition to the above requirement, the Supported Organization currently controls the Organization's nominating committee which proposes and sets forth those individuals to be voted on to be Organization board members. During the FYE 2022, the 12 Foundation Board Members included the Current CEO of the Supported Organization and six current or former Board Members of the Supported Organization (5 of which have held the position of Board Chair of the Supported Organization). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48501 -8484 1000 39017 38542 9959 48501 40303 -761 1000 38542 38912 2391 1000 40303 31008 5000 3404 500 38912 1.00000 false false 0 0 Part V, Line 4: The Foundation's endowment consists of one named scholarship fund to provide scholarships for minority and/or women students. false false false false false false false false false Jacqueline Brown CHIEF Executive OFFICER 253460 16577 3311 273348 Francis Falatko Chief Financial Officer 148513 10021 1479 160013 Part I line 3 explanation Methods used by a related organization to establish compensation for the CEO/Executive Director: THE EXECUTIVE DIRECTOR HAS AN EMPLOYMENT CONTRACT THAT IS DEVELOPED BY A FOUR-PERSON COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS THE WORK OF THE EXECUTIVE DIRECTOR ANNUALLY, AND WHEN A NEW CONTRACT IS DEVELOPED, THE COMMITTEE USES SIMILAR ENTITIES' FORM 990S AND ASAE'S COMPENSATION STUDY TO DEVELOP THE PROPER CONTRACT AND COMPENSATION. THE EXECUTIVE DIRECTOR, ALONG WITH THE COMPENSATION COMMITTEE DETERMINE THE SALARY OF THE CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATING OFFICER. SIMILAR ENTITIES' COMPENSATION AND ASAE'S STUDIES ARE ALSO USED IN THE DETERMINATION OF THEIR SALARIES. Form 990, Part VI, Section B, Line 11B: A copy of the final draft is provided to the Board of Directors for review prior to filing. Form 990, Part VI, Section C, Line 19: The Organization makes its governing documents available upon request and is included in consolidated financial statements made available on the MACPA website. Form 990, Part VI, SECTION A, LINE 4 The board of directors approved amendments to the Organization's By-Laws during its June 30, 2020 fiscal year end. The amendments included updates to the Organization's Board Composition including setting a 5 director minimum and 12 director maximum. In addition, the By-Laws provide that a certain number of the Organization's Board of Directors must be representatives from the Organization's Supported Organization, Maryland Association of Certified Public Accountants, Inc. The above changes have not been previous reported in a prior year. Maryland Association of Certified Public 901 Dulaney Valley Road Suite 800 towson MD 21204 520702331 To provide ed MD 501(C)(6) false false false false false false false false false false false false false false true true true false false Part II Line 1 Column b To provide education and information to its members