Njcpa Education Foundation Inc

Nonprofit profile at a glance

EIN
223100961
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Roseland, NJ, USA
Phone
9732264494
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Official website

Reported finances

Revenue
$2,003,211
Expenses
$2,385,191
Assets
$2,709,819
Liabilities
$721,449

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

Leadership & pay

12 people listed

Executive titles in this filing

  • AIYSHA JOHNSON (CEO & EXECUTIVE DIRECTOR)
  • EDWARD G O'CONNELL (PRESIDENT-IMMEDIATE PAST PRESIDENT)
  • JOHN M SZCZOMAK (PRESIDENT-ELECT)
  • JUNE M TOTH (PRESIDENT)

Highest reported compensation

  • AIYSHA JOHNSON (CEO & EXECUTIVE DIRECTOR): $351,416 total reported compensation
  • THERESA HINTON (CHIEF OPERATING OFFICER): $251,692 total reported compensation
  • DONALD MEYER (CHIEF MARKETING OFFICER): $233,058 total reported compensation

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

Overview

Mission

The mission of the njcpa education foundation is to facilitate the acquisition of knowledge and skills by providing members of the New Jersey society of cpas (society or njcpa) and their staff with cost effective, high quality market driven educational services.

What it reported doing in 2024

The education foundation provided educational programs to over 21,000 participants during the filing period, providing more than 40,000 credit hours of continuing professional education (cpe). This was achieved through the following compliment of programs: 109 executive seminars primarily oneday programs targeted at cpas in public practice 14 conferences and special events ranging from breakfast and dinner meetings to conventions and trade shows 43 chapter meetings ranging from breakfast and dinner meetings to fullday tax and accounting programs, as well as training in nj law and ethics 3 onsite meetings halfday and fullday programs delivered at the offices of firms and companies 108 webinars primarily technical programs, including nj law & ethics, delivered via the web that range from one to four hours in length.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 94% 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 68
  • Accountability: 90
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.2%; rating input score 93
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: Limited

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; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.14; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 15.8%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -6.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 93.2% of revenue deployed · 80% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $351K · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.