Public Charity

NORTH CAROLINA CPA FOUNDATION INC

NORTH CAROLINA CPA FOUNDATION INC, of RALEIGH, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $201K in revenue, $163K in expenses, $1.3M in total assets. 10 publicly reported grants to this organization, totaling roughly $298K, appear in IRS filings.

EIN: 561273347 RALEIGH, NC Latest filing: 2025
Total Revenue$201K
Total Expenses$163K
Total Assets$1.3M
Grant Records10
Funding Total$298K
Filing Years2021–2025

Mission

TO FURTHER THE DEVELOPMENT OF ACCOUNTING EDUCATION AND THE ACCOUNTING PROFESSION IN THE STATE OF NORTH CAROLINA.

Where $100 goes at North Carolina Cpa Foundation Inc

How North Carolina Cpa Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$89 Programs the work itself
$11 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $89 for programs

$79
Nc CPA foundation scholarships awards 3 levels of scholarships to deserving accounting students ranging form $1,500-$2,500 based on varying criteria
89% of program spending
$10
James mccoy accounting scholarship program awards academic and needs-based scholarships to accounting students attending north carolina colleges, universities, and community colleges
11% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

$12,783
2023
DISTRIBUTION FROM DONOR ADVISED FUND
$5,500
2022
TO SUPPORT THE ORGANIZATION'S MISSION
$61,126
2022
GENERAL SUPPORT
$7,000
2022
DISTRIBUTION FROM DONOR ADVISED FUND
$5,500

Showing up to 5 of 10 total records — full history available with membership.

Officers & Directors

MEMBER Amethia Clay
VICE PRESIDENT Antonette Lockett
MEMBER Christina Howard
MEMBER Dan Lavelle
MEMBER Dr Mallissa Davi
MEMBER Dr Roby Sawyers

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$246,998 8 grants
Education
$50,632 1 grant
Unspecified
$200 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $201K $163K $1.3M
2024 $220K $141K $1.1M
2023 $165K $120K $1.0M
2022 $249K $143K $961K
2021 $131K $126K $915K

Between 2021 and 2025, reported annual revenue grew from $131K to $201K (+54%), with total assets most recently reported at $1.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NORTH CAROLINA CPA FOUNDATION INC

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