Liabilities / Assets
39th percentile
Higher debt load relative to assets than 39% of similar nonprofits.
Pennsylvania Institute of Cpas Trustees
990 • Fiscal year 2014 • EIN 23-6392255
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.05x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
17th percentile
Higher net margin than 17% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 137.0% of source-year revenue.
Asset Growth
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$2,548,934
Up $172,343 (+7.3%) from 2013
Net Assets
Up$2,424,434
Up $168,843 (+7.5%) from 2013
Liabilities
Up$124,500
Up $3,500 (+2.9%) from 2013
Revenue And Expenses
Revenue
$262,693
No earlier filing loaded for comparison.
Expenses
Down$298,500
Down $3,500 (-1.2%) from 2013
Net Income
-$35,807
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- May 1, 2013 to Apr 30, 2014
- Signed
- Sep 8, 2014
- Return Version
- 2013v3.0
- Gross Receipts
- $370,980
Mission and Program Overview
Mission
Scholarships are awarded to students pursuing a career in the field of accounting.
Award scholarships to students majoring in accounting at a pa college or university.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $2,069,903 | $2,399,321 | ▲ $329,418 |
| Investments in Publicly Traded Securities | $299,866 | $119,790 | ▼ $180,076 |
| Pledges and Grants Receivable | $0 | $24,500 | ▲ $24,500 |
| Savings and Temporary Cash Investments | $6,822 | $5,323 | ▼ $1,499 |
| Total Assets | $2,376,591 | $2,548,934 | ▲ $172,343 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $121,000 | $124,500 | ▲ $3,500 |
| Total Liabilities | $121,000 | $124,500 | ▲ $3,500 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $2,204,080 | $2,372,923 | ▲ $168,843 |
| Permanently Rstr Net Assets | $51,511 | $51,511 | → $0 |
| Total Net Assets Fund Balance | $2,255,591 | $2,424,434 | ▲ $168,843 |
| Total Liabilities and Net Assets / Fund Balance | $2,376,591 | $2,548,934 | ▲ $172,343 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $212,148 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2013 | $2,255,591 | $207,930 | ▲ $259,413 | - | $2,424,434 |
| 2012 | $2,131,407 | $182,177 | ▲ $244,007 | - | $2,255,591 |
| 2011 | $2,256,201 | $177,620 | ▼ $6,452 | - | $2,131,407 |
| 2010 | $2,063,136 | $159,646 | ▲ $313,419 | - | $2,256,201 |
| 2009 | $1,675,930 | $177,757 | ▲ $504,449 | - | $2,063,136 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Thomas J Taricani CPA | Chair |
| Charles P Elliott CPA | Director |
| John Pagerly CPA | Director |
| Kathleen M Wallace CPA | Director |
| Robert Saunders CPA | Director |
| Michael D Colgan Cae | Executive Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $207,930
- Program Service Revenue
- $0
- Investment Income
- $54,763
- Other Revenue
- $0
- All Other Contributions
- $107,930
- Change in Net Assets
- $-35,807
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $262,693
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $204,650
- Total Revenue per Audited Statements
- $467,343
- Total Revenue per Form 990
- $262,693
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $297,500 |
| Other Expenses | $1,000 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $297,500 | - | - | $297,500 |
| Office Expenses | $1,000 | - | - | $1,000 |
| Total Functional Expenses | $298,500 | $0 | $0 | $298,500 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $298,500 |
| Total Expenses per Audited Statements | $298,500 |
| Total Expenses per Form 990 | $298,500 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11
“The form 990 will be reviewed by the cfo, then forwarded to the trustees. The trustees will be given one week to comment and reply with confirmation that they have reviewed the form 990. The form 990 will then be signed and filed with the irs.”
Form 990, Part VI, Section B, Line 12C
“Picpa has a written conflict of interest policy which is reviewed and acknowledged annually by all officers and directors. This written conflict of interest document is provided to each of the above individuals at the first organizational meeting of following the installation of the new leadership at the picpa annual meeting. A signed acknowledgment of compliance with the conflict of interest policy is maintained in the picpa headquarters. All individuals required to sign the conflict of interest policy have an ongoing duty to disclose conflicts of interest as they arise. In addition, all picpa employees are required to review and acknowledge the picpa code of conduct for employees, including a conflict of interest policy. This signed acknowledgment is provided by all picpa employees at the beginning of the fiscal year (may 1), or upon employment. All employees shall have a continuing duty to disclose conflicts of interest as they arise. If the event that an individual above has a personal interest or a conflict of interest that arises, it must be disclosed in writing to the ceo/executive director immediately. Thereafter, that individual shall refrain from any portion of any meeting when these matters are discussed or considered as their presence could inhibit free discussion of the matter. Minutes of appropriate meetings should reflect that such disclosure was made, and that such person was not present during discussions of, and abstained from voting on, the conflict matter.”
Form 990, Part VI, Section B, Line 15
“The pennsylvania institute of cpas trustees of the scholarship fund does not compensate any persons. All compensation is paid through the related party, pennsylvania institute of certified public accountants. Picpa's compensation committee consists of picpa's immediate past president, president, and president-elect. Each year, the compensation committee convenes to review the compensation of the ceo and other key employees. The annual salary review consists of a multi-step process 1) the ceo prepares annual objectives and goals which are reviewed and approved by the committee; 2) the president and president-elect compare compensation levels with their counterparts in the 14 largest state cpa societies; 3) the committee review the results of an annual compensation survey conducted by one of the state cpa societies; and 4) the committee reviews the summary of ceo accomplishments based on the stated objectives and goals. Minutes of the meeting are prepared and maintained by compensation committee. The final salary for the ceo is communicated to the ceo from the compensation committee in a formal letter. The compensation committee will reconvene near the end of the fiscal year to determine if any additional bonus will be paid to the ceo under the terms of the ceo's contract with the picpa. Allowable fringe benefits for the ceo are detailed in the ceo's written employment agreement.”
Form 990, Part VI, Section C, Line 19
“The governing documents, conflict of interest policy, and financial statements are available to the public upon request. The financial statements are also posted on www.picpa.org.”
Filing and Contact Details
Filer
- EIN
- 23-6392255
- Phone
- 2154969272
Signing Officer
- Name
- Michael D Colgan
- Title
- Executive Director
- Phone
- 2154969272
- Signed
- 2014-09-08
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Michael D Colgan
- Formed
- 1938
- Legal Domicile
- Pa
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 5
Preparer
- Preparer
- John J Nihill CPA
- Phone
- 6105653930
Supplemental Narrative
Additional Explanations
FORM 990, PART XII, LINE 2C:
“The organization has not changed either its oversight process or selection process for assuming responsibility of overseeing the audit during the tax year.”
Financial Statement Notes
PART V, LINE 4:
“Permanently restricted net assets are restricted by the donors in perpetuity. These net assets are held by the scholarship fund and the related income is restricted by the donors to the funding of student scholarships. Capital gains are also available for scholarships. Temporarily restricted net assets are available to fund student scholarships and awards. In most cases, the donors have not limited the amounts that can be used for scholarships in a given year.”
PART X, LINE 2:
“As a member of a group with combined financial statements, the scholarship fund is exempt from federal income taxes under section 501(c)(3) of the internal revenue service code. The scholarship fund is subject to tax on net income not related to the exempt purposes of the organization. Since the revenues generated from unrelated business income was zero, no provision for income taxes has been accrued. The tax filings for fiscal 2011, 2012 and 2013 are subject to examination, generally for three years after they were filed.”
Raw XML AppendixShowing 400 of 507 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 121000 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 124500 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | AWARD SCHOLARSHIPS TO STUDENTS MAJORING IN ACCOUNTING AT A PA COLLEGE OR UNIVERSITY. |
| IRS990/AllOtherContributionsAmt | 0 | 107930 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | HEIDI TURLEY CPA MBA CGMA |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2154969272 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 1801 MARKET STREET NO 2400 |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | PHILADELPHIA |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | PA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 19103 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 207930 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 297500 |
| IRS990/CYInvestmentIncomeAmt | 0 | 54763 |
| IRS990/CYOtherExpensesAmt | 0 | 1000 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -35807 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 298500 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 262693 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | EACH YEAR, SCHOLARSHIPS ARE AWARDED TO STUDENTS MAJORING IN ACCOUNTING AT A PENNSYLVANIA COLLEGE OR UNIVERSITY. SCHOLARSHIP APPLICATIONS ARE REVIEWED AND JUDGED BY PICPA MEMBERS. SCHOLARSHIP RECIPIENTS ARE CHOSEN BY INTELLECTUAL CAPACITY, LEADERSHIP POTENTIAL, FINANCIAL NEED, AND INTENT TO PURSUE A CAREER IN ACCOUNTING. THROUGH THESE AWARDS, PICPA HOPES TO ENSURE THAT PENNSYLVANIA'S FUTURE TALENT ENTERS THE CPA PROFESSION, REMAINS IN PENNSYLVANIA, AND ULTIMATELY BELONGS TO THE PICPA. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DoingBusinessAsName/BusinessNameLine1 | 0 | SAME AS ABOVE |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 298500 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 29478 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | THOMAS J TARICANI CPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KATHLEEN M WALLACE CPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JOHN PAGERLY CPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CHARLES P ELLIOTT CPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROBERT SAUNDERS CPA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MICHAEL D COLGAN CAE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 330314 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1938 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 3283 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 297500 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 297500 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 297500 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 111570 |
| IRS990/GrossReceiptsAmt | 0 | 370980 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 51480 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 51480 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 2069903 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 2399321 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 299866 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 119790 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | PA |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 108287 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SCHOLARSHIPS ARE AWARDED TO STUDENTS PURSUING A CAREER IN THE FIELD OF ACCOUNTING. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2255591 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2424434 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 3283 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 3283 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 204650 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 1000 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1000 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 51511 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 51511 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 24500 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MICHAEL D COLGAN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 182177 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 301000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 69951 |
| IRS990/PYOtherExpensesAmt | 0 | 1000 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -49872 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 302000 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 252128 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -35807 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 100000 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 6822 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 5323 |
| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | PENNSYLVANIA INSTITUTE OF CPAS TRUSTEES OF THE SCHOLARSHIP FUND ("PICPA SF") IS A SECTION 501(C)(3) ORGANIZATION THAT "NORMALLY" RECEIVES A "SUBSTANTIAL" PART OF ITS SUPPORT FROM DIRECT GENERAL PUBLIC CONTRIBUTIONS. DURING THE 2013 TAX YEAR PICPA SF FAILED TO MEET THE 33 1/3% TEST; HOWEVER BASED ON THE ORGANIZATION'S HISTORY OUTLINED BELOW, PICPA SF QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER THE 10% FACTS AND CIRCUMSTANCES TEST. PICPA SF HAS AN ESTABLISHED PROGRAM TO ACTIVELY SOLICIT PUBLIC SUPPORT THROUGH YEARLY MEMBER DONATIONS AND E-MAIL MARKETING ENCOURAGING THE GENERAL PUBLIC TO SUPPORT THE PICPA THROUGH THEIR WEB-SITE WWW.PICPA.ORG/DONATE. THIS PROGRAM HAS BEEN MAINTAINED THROUGH-OUT THE LIFE OF THE ORGANIZATION AND PROVIDES MEMBERS AND THE GENERAL PUBLIC TO SUPPORT THE PICPA SF'S MISSION TO AWARD STUDENTS MAJORING IN ACCOUNTING WITH SCHOLARSHIPS TO CONTINUE THEIR ACADEMIC STUDIES.HISTORICALLY, DONATIONS RECEIVED FROM THIS PROGRAM HAVE EXCEEDED 10% OF THE ORGANIZATIONS TOTAL SUPPORT. DUE TO ECONOMIC DOWN-TURN OVER THE PAST FEW YEARS, PICPA SF HAS SEEN A STEADY DECLINE IN THE NUMBER OF CONTRIBUTORS AND THE AMOUNT OF CONTRIBUTIONS RECEIVED. PICPA SF BELIEVES AS THE ECONOMY RECOVERS THE ORGANIZATION WILL SEE AN INCREASE IN PUBLIC SUPPORT THROUGH INDIVIDUAL DONATIONS. BASED ON THE AFOREMENTIONED FACTS AND CIRCUMSTANCES, PICPA SF SATISFIES THE REQUIREMENTS OF THE FACTS AND CIRCUMSTANCES TEST FOR THE 2013 TAX YEAR AS THE ORGANIZATIONS PUBLIC SUPPORT IS 10% OR MORE OF THE TOTAL FUNDING, AN ESTABLISHED SOLICITATION PLAN IS IN PLACE TO ATTRACT NEW AND MAINTAIN CURRENT CONTRIBUTORS, AND SCHOLARSHIP APPLICATIONS ARE AVAILABLE AND AWARDED TO THE GENERAL PUBLIC WHO ARE PURSUING CAREERS IN ACCOUNTING. |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 207930 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 182177 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 177620 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 159646 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 177757 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 905130 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 51480 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 58692 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50922 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49010 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 59820 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 269924 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.32850 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.32800 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 385951 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 519179 |
| IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 207930 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 182177 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 177620 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 159646 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 177757 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 905130 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1175054 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1000 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 2255591 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 207930 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 2424434 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 297500 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 259413 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 2131407 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 182177 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 2255591 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 301000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 244007 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 2256201 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 177620 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 2131407 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 294962 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -6452 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 2063136 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 159646 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 2256201 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 279000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 313419 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 1000 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1675930 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 177757 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 2063136 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 294000 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 504449 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 298500 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 204650 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 523608 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 383951 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 2 | 264965 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 3 | 261280 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 4 | 212583 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 5 | 127777 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 6 | 127995 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 7 | 285014 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 8 | 212148 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | VANGUARD TOTAL STOCK MARKET INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | VANGUARD GROWTH INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 3 | VANGUARD SHORT-TERM BOND INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 4 | VANGUARD INTERNATIONAL VALUE FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 5 | VANGUARD SMALL-CAP GROWTH INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 6 | VANGUARD SMALL-CAP VALUE INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 7 | VANGUARD INTERMEDIATE-TERM BOND INDEX FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 8 | VANGUARD INTERNATIONAL GROWTH FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 2 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 3 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 4 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 5 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 6 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 7 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 8 | F |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.02120 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 204650 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 262693 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED BY THE DONORS IN PERPETUITY. THESE NET ASSETS ARE HELD BY THE SCHOLARSHIP FUND AND THE RELATED INCOME IS RESTRICTED BY THE DONORS TO THE FUNDING OF STUDENT SCHOLARSHIPS. CAPITAL GAINS ARE ALSO AVAILABLE FOR SCHOLARSHIPS. TEMPORARILY RESTRICTED NET ASSETS ARE AVAILABLE TO FUND STUDENT SCHOLARSHIPS AND AWARDS. IN MOST CASES, THE DONORS HAVE NOT LIMITED THE AMOUNTS THAT CAN BE USED FOR SCHOLARSHIPS IN A GIVEN YEAR. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | AS A MEMBER OF A GROUP WITH COMBINED FINANCIAL STATEMENTS, THE SCHOLARSHIP FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE. THE SCHOLARSHIP FUND IS SUBJECT TO TAX ON NET INCOME NOT RELATED TO THE EXEMPT PURPOSES OF THE ORGANIZATION. SINCE THE REVENUES GENERATED FROM UNRELATED BUSINESS INCOME WAS ZERO, NO PROVISION FOR INCOME TAXES HAS BEEN ACCRUED. THE TAX FILINGS FOR FISCAL 2011, 2012 AND 2013 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART V, LINE 4: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART X, LINE 2: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.97880 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 2399321 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 298500 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 262693 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 467343 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 298500 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 297500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | EDUCATIONAL SCHOLARSHIPS |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 93 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc | 0 | N/A |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | PICPA PUBLICIZES ITS SCHOLARSHIP PROGRAM THROUGH ITS WEBSITE, DIRECT COMMUNICATION WITH PICPA STUDENT AFFILIATE MEMBERS AND COMMUNICATION WITH EDUCATORS AT PENNSYLVANIA COLLEGES AND UNIVERSITIES. SCHOLARSHIP APPLICATIONS ARE ACCEPTED FROM JANUARY 1 THROUGH MARCH 15TH. APPLICANTS ARE REQUIRED TO HAVE A MINIMUM GPA OF 3.0, COMPLETED AT LEAST 36 CREDIT HOURS AND DECLARED A MAJOR IN ACCOUNTING AT A PENNSYLVANIA COLLEGE OR UNIVERSITY. APPLICANTS ARE REQUIRED TO ANSWER SEVERAL QUESTIONS AS PART OF THE APPLICATION PROCESS AND SUBMIT A RECOMMENDATION LETTER FROM A FACULTY MEMBER. AFTER THE APPLICATION PERIOD HAS ENDED, ALL APPLICATIONS ARE SENT TO THE TRUSTEES OF THE SCHOLARSHIP FUND FOR THEIR REVIEW AND SELECTION. AWARDS ARE GIVEN ON A COMPETITIVE BASIS TO THOSE CANDIDATES WHO SEEM TO BEST SATISFY THE REQUIREMENTS FOR HIGH INTELLECTUAL CAPACITY, LEADERSHIP POTENTIAL, FINANCIAL NEED AND INTENT TO PURSUE A CAREER IN ACCOUNTING. SCHOLARSHIPS LEVELS RANGE FROM $1,000 - $15,000 BASED ON THE STRENGTH OF THE CANDIDATE'S APPLICATION AS DETERMINED BY THE TRUSTEES. THE MAJORITY OF PICPA'S SCHOLARSHIPS CAN BE RENEWED ANNUALLY UNTIL GRADUATION IF THE SCHOLARSHIP WINNER MAINTAINS A MINIMUM 3.0 GPA AND ATTENDS A PICPA EVENT DURING THE COURSE OF THE YEAR. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 54600 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 272869 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 20400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 9078 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 2845 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | MICHAEL D COLGAN CAE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 359792 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FORM 990 WILL BE REVIEWED BY THE CFO, THEN FORWARDED TO THE TRUSTEES. THE TRUSTEES WILL BE GIVEN ONE WEEK TO COMMENT AND REPLY WITH CONFIRMATION THAT THEY HAVE REVIEWED THE FORM 990. THE FORM 990 WILL THEN BE SIGNED AND FILED WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PICPA HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND ACKNOWLEDGED ANNUALLY BY ALL OFFICERS AND DIRECTORS. THIS WRITTEN CONFLICT OF INTEREST DOCUMENT IS PROVIDED TO EACH OF THE ABOVE INDIVIDUALS AT THE FIRST ORGANIZATIONAL MEETING OF FOLLOWING THE INSTALLATION OF THE NEW LEADERSHIP AT THE PICPA ANNUAL MEETING. A SIGNED ACKNOWLEDGMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MAINTAINED IN THE PICPA HEADQUARTERS. ALL INDIVIDUALS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY HAVE AN ONGOING DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. IN ADDITION, ALL PICPA EMPLOYEES ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE PICPA CODE OF CONDUCT FOR EMPLOYEES, INCLUDING A CONFLICT OF INTEREST POLICY. THIS SIGNED ACKNOWLEDGMENT IS PROVIDED BY ALL PICPA EMPLOYEES AT THE BEGINNING OF THE FISCAL YEAR (MAY 1), OR UPON EMPLOYMENT. ALL EMPLOYEES SHALL HAVE A CONTINUING DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. IF THE EVENT THAT AN INDIVIDUAL ABOVE HAS A PERSONAL INTEREST OR A CONFLICT OF INTEREST THAT ARISES, IT MUST BE DISCLOSED IN WRITING TO THE CEO/EXECUTIVE DIRECTOR IMMEDIATELY. THEREAFTER, THAT INDIVIDUAL SHALL REFRAIN FROM ANY PORTION OF ANY MEETING WHEN THESE MATTERS ARE DISCUSSED OR CONSIDERED AS THEIR PRESENCE COULD INHIBIT FREE DISCUSSION OF THE MATTER. MINUTES OF APPROPRIATE MEETINGS SHOULD REFLECT THAT SUCH DISCLOSURE WAS MADE, AND THAT SUCH PERSON WAS NOT PRESENT DURING DISCUSSIONS OF, AND ABSTAINED FROM VOTING ON, THE CONFLICT MATTER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PENNSYLVANIA INSTITUTE OF CPAS TRUSTEES OF THE SCHOLARSHIP FUND DOES NOT COMPENSATE ANY PERSONS. ALL COMPENSATION IS PAID THROUGH THE RELATED PARTY, PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS. PICPA'S COMPENSATION COMMITTEE CONSISTS OF PICPA'S IMMEDIATE PAST PRESIDENT, PRESIDENT, AND PRESIDENT-ELECT. EACH YEAR, THE COMPENSATION COMMITTEE CONVENES TO REVIEW THE COMPENSATION OF THE CEO AND OTHER KEY EMPLOYEES. THE ANNUAL SALARY REVIEW CONSISTS OF A MULTI-STEP PROCESS 1) THE CEO PREPARES ANNUAL OBJECTIVES AND GOALS WHICH ARE REVIEWED AND APPROVED BY THE COMMITTEE; 2) THE PRESIDENT AND PRESIDENT-ELECT COMPARE COMPENSATION LEVELS WITH THEIR COUNTERPARTS IN THE 14 LARGEST STATE CPA SOCIETIES; 3) THE COMMITTEE REVIEW THE RESULTS OF AN ANNUAL COMPENSATION SURVEY CONDUCTED BY ONE OF THE STATE CPA SOCIETIES; AND 4) THE COMMITTEE REVIEWS THE SUMMARY OF CEO ACCOMPLISHMENTS BASED ON THE STATED OBJECTIVES AND GOALS. MINUTES OF THE MEETING ARE PREPARED AND MAINTAINED BY COMPENSATION COMMITTEE. THE FINAL SALARY FOR THE CEO IS COMMUNICATED TO THE CEO FROM THE COMPENSATION COMMITTEE IN A FORMAL LETTER. THE COMPENSATION COMMITTEE WILL RECONVENE NEAR THE END OF THE FISCAL YEAR TO DETERMINE IF ANY ADDITIONAL BONUS WILL BE PAID TO THE CEO UNDER THE TERMS OF THE CEO'S CONTRACT WITH THE PICPA. ALLOWABLE FRINGE BENEFITS FOR THE CEO ARE DETAILED IN THE CEO'S WRITTEN EMPLOYMENT AGREEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO POSTED ON WWW.PICPA.ORG. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS FOR ASSUMING RESPONSIBILITY OF OVERSEEING THE AUDIT DURING THE TAX YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XII, LINE 2C: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 2 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 1 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 2 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1 | 0 | PENNSYLVANIA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1 | 1 | PICPA FOUNDATION FOR EDUCATION AND RESEARCH |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1 | 2 | CPA-PAC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 230959052 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 222470981 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 232178228 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(6) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 527 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | PA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 1 | PA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 2 | PA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | TO PROVIDE SERVICES TO CPAS THAT WILL AID THEIR CAREERS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | TO PROVIDE A BROAD SPECTRUM OF HIGH-QUALITY EDUCATIONAL PROGRAMS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 2 | POLITICAL ACTION COMMITTEE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 1 | LINE 9 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,548,934
- Liabilities
- $124,500
- Net assets
- $2,424,434
- Revenue
- $262,693
- Expenses
- $298,500
- Net income
- -$35,807