FOUNDATION FOR ACCOUNTING EDUCATION INC
14 WALL STREET 19TH FLOOR, NEW YORK, NY 10005 www.nysscpa.org

Total Revenue
$4,041,476
Total Expenses
$6,632,592
Net Assets
$-1,126,255

Organizations Filed Purposes: FOUNDATION FOR ACCOUNTING EDUCATION (FAE) OFFERS EDUCATIONAL SERVICES TO NYSSCPA MEMBERS, SPONSORS NYSSCPA EVENTS QUALIFYING FOR CPE, AND OFFERS A DISCOUNT OF AT LEAST 25% OFF NORMAL FAE PRICING TO NYSSCPA MEMBERS, AND PROGRAMS. FAE TRUSTEES HAVE ENTERED INTO AN OPERATING AGREEMENT WITH THE NYSSCPA (THE SOCIETY) BOARD OF DIRECTORS THAT COVERS THE FOLLOWING: THE SOCIETY MAKES AVAILABLE BUSINESS SERVICES AND STAFFING, CLASSROOM, REGISTRATION, AND OFFICE SPACE, EQUIPMENT FURNITURE, SUPPLIES, INSURANCE, AND OTHER SERVICES, ALL OF WHICH FAE REIMBURSES THE SOCIETY. THERE ARE PROVISIONS FOR A DISCRETIONARY ANNUAL GRANT FROM THE SOCIETY TO FAE. PROVISION IS MADE FOR THE USE OF INTELLECTUAL PROPERTY, CONFIDENTIALITY, INDEMNIFICATION, AND A NUMBER OF OTHER MISCELLANEOUS PROVISIONS.

TO ENGAGE IN EDUCATION AND RESEARCH IN THE FIELD OF ACCOUNTANCY, TO PROVIDE SCHOLARSHIPS FOR THE PURSUIT OF HIGHER-EDUCATION DEGREES IN ACCOUNTING, TO CONDUCT EDUCATIONAL PROGRAMS EMPHASIZING CAREER OPPORTUNITIES IN THE ACCOUNTING PROFESSION, TO DEVELOP AND IMPROVE EDUCATION IN THE FIELD OF ACCOUNTANCY AND OTHER PROFESSIONAL AREAS, AND TO EXPAND KNOWLEDGE IN THE ACCOUNTING SCIENCE, INCLUDING, WITHOUT LIMITATION, RETAINING AND EMPLOYING TEACHERS AND STAFF FOR THE IMPLEMENTATION OF CONTINUING EDUCATION PROGRAMS AND RESEARCH PROJECTS, DEVELOPING JOINT PROGRAMS WITH OTHER INSTITUTIONS AND DISCIPLINES, ESTABLISHING BENEFICIAL RELATIONS WITH EDUCATORS AND EDUCATIONAL INSTITUTIONS, ORGANIZING ACCOUNTANTS' STUDY GROUPS AROUND SPECIFIC TOPICS IN ACCOUNTANCY, ENCOURAGING AND PUBLISHING BOOKS AND PAMPHLETS ON ACCOUNTANCY, AND OBTAINING GRANTS AND FUNDING FOR EDUCATIONAL AND RESEARCH PROJECTS.

FOUNDATION FOR ACCOUNTING EDUCATION (FAE) PROVIDES CONTINUING PROFESSIONAL EDUCATION (CPE) REQUIRED TO MAINTAIN A CPA LICENSE IN NEW YORK STATE. FAE IS QUALIFIED TO PROVIDE CPE BY THE NEW YORK STATE DEPARTMENT OF EDUCATION. UNDER NEW YORK'S ACCOUNTING REFORM LAW, CPAS WHOSE PRINCIPAL PLACE OF BUSINESS IS NEW YORK ARE REQUIRED TO COMPLETE 40 HOURS OF CPE EVERY CALENDAR YEAR IN GENERAL STUDIES, INCLUDING ACCOUNTING, AUDITING, TAXATION, ADVISORY SERVICES, AND OTHER AREAS, OR 24 HOURS IN A SPECIALIZED SUBJECT. TO HELP MEET THIS REQUIREMENT FAE OFFERS MORE THAN 268 COURSES ANNUALLY INCLUDING CONFERENCES, SEMINARS, TECHNICAL SESSIONS, ON-SITE CPE AND ONLINE WEBINARS. COURSES KEEP PARTICIPANTS UPDATED ON CONSTANTLY CHANGING REGULATIONS, TECHNICAL AND ETHICAL ISSUES AND BEST PRACTICES IN ACCOUNTING AND AUDITING.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Joanne S BarryEXECUTIVE DIRECTOR5.63$65,222
Revira BrennanCOO10.88$57,369
Patrick PayanoCHIEF FINANCIAL OFFICER13.78$53,968
Emily FrizzellCHIEF MARKETING & COMMUNICATIONS DIR12.75$44,028
Ernest MarkezinDIRECTOR OF QUALITY ENHANCEMENT2.53$17,527
Michael ChenMEMBER1$0
M Jacob RenickPRESIDENT4$0
Kevin MatzTREASURER12.5$0
John StanzialeTRUSTEE1$0
John LauchertPRESIDENT1$0
J Michael KirklandTRUSTEE1$0
Frank AquilinoSECRETARY1$0
Denise StefanoTRUSTEE1$0
Barbara MarinoTRUSTEE1$0
Antony ChanTRUSTEE1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120979349300017_public.xml