Educational Foundation of the Mscpa

Nonprofit profile at a glance

EIN: 237028488
IRS 990 coverage: 2011–2024
Forms available: Form 990 2024
Location: St Louis, MO, USA
Phone: 3149977966
Rating: 75
Verdict: SUPPORTED
Rating confidence: Moderate

Official website

Reported finances

Revenue: $1,276,206
Expenses: $1,113,829
Assets: $1,418,247
Liabilities: $96,116

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

JAMES O'HALLARON CAE (PRESIDENT AND CEO)

Highest reported compensation

JAMES O'HALLARON CAE (PRESIDENT AND CEO): $445,291 total reported compensation
DENA HULL (VP GOVERNMENT AFFAIRS, FOUNDATION & COMMUNICATION): $203,352 total reported compensation
DAN KOONTZ (VP MEMBER SERVICES): $182,810 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide education relating to the study and practice of accounting through the granting of scholarships, sponsorship of conferences and seminars and the distribution of educational materials.

What it reported doing in 2024

Scholarships: the foundation provides scholarship opportunities for students pursuing college education in the field of accounting at a Missouri university or college. High school seniors are eligible for $500 scholarships and recipients of college scholarships are awarded $1,000 or $10,000. Scholarship recipients are selected based on an evaluation of their personal and academic experiences and their desire to become a cpa. The foundation provided 52 scholarships during the last fiscal year.

Operating model

Revenue model: Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

Financial Efficiency: 78
Transparency & Controls: 71
Accountability: 95
Sustainability: 53
Growth: 20

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 78.2%; rating input score 78
Program expense ratio: 88.5%; rating input score 89
Fundraising efficiency: $14.16 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 12.7%; rating input score 66; 66th percentile among comparable filings
Total-asset coverage ratio: 1.27; rating input score 50; 50th percentile among comparable filings
Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
Officer compensation ratio: 20.6%; rating input score 14; 14th percentile among comparable filings

Growth

Program expense growth: -4.9% per year; rating input score 0; 8th percentile among comparable filings
Revenue growth: -2.2% per year; rating input score 0; 9th percentile among comparable filings
Asset growth: 13.3% per year; rating input score 100; 68th percentile among comparable filings

Details

Where the money goes: 78.2% of revenue deployed · 88.5% of spending went to programs
Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
Programs: 3 filed program accomplishments · $986K in reported program spending
Leadership: top reported pay $445K · 20 people listed · 0 of 6 pay-setting controls reported
Consistency: 26 of 26 current checks pass
Schedules: 7 filed schedules · includes major donors, grants, and executive pay
Filing history: 13 filing years from 2011 to 2024
Contacts: How to reach this organization
Money network: 4 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: Form 990 shared with the board not reported.
Review — Sustainability: Total-asset coverage ratio scored 50/100.
High — Sustainability: Officer compensation ratio scored 14/100.
Moderate — Sustainability: Liabilities to assets ratio scored 48/100.