Foundation for Accounting Education Inc.

Filing Period

Jun 1, 2012 to May 31, 2013

Signed

Apr 15, 2014

Return Version

2012v2.1

Gross Receipts

$5,163,119

Mission

Major Activities

Activity 2

Career opportunities in the accounting profession (coap) program is a summer program hosted at college campuses across new york state and funded by fae. Fae provides scholarships to participants of the coap program for the pursuit of higher-education degrees in accounting. Recruitment focuses on minority ethnic groups historically underrepresented in the accounting profession. It aims to excite and inform these students about careers in accounting and to provide opportunities to interact with successful minority role models and gain exposure to the corporate environment. The first coap program was offered at pace university in 1987, and programs have expanded significantly, with more than 100 students participating at various colleges across the state in fiscal year 2012/2013. Since the program's inception, over 3,100 students have graduated from the coap program. Many of these students have gone on to pursue careers in accounting or business. During the program, which lasts three to six days, high school students experience college life and learn about the accounting profession through trips to local cpa firms and corporate finance departments. They also participate in specially designed workshops and classes that teach them personal development communication skills, business ethics, and interviewing skills. Students are accepted to the program through an application process overseen by the new york state society of cpas. Fae awarded 13 coap scholarships in the 2012/2013 fiscal year.

Activity 3

Fae's excellence in accounting scholarship offers an annual scholarship to provide financial assistance to qualified candidates who intend to enter the accounting profession. Fae awarded 56 excellence in accounting scholarships to college students in the 2012/2013 fiscal year. The scholarships award $2,500 to fulltime students and $1,500 to part-time students. To be eligible, college students must be accounting majors, have completed a minimum of 60 credits and maintain a minimum of 3.0 grade point average. Students must also have filed a free application for federal student aid and be approved for financial aid. The scholarships are non-renewable; recipients and candidates must apply annually. A designated fae campus ambassador works with the campus accounting department and the college financial aid office to select three deserving candidates based on scholarship and financial need. These candidates are then forwarded to a statewide selection committee of members of the nysscpa. Fae awards a scholarship to at least one student in each college accounting program in the state.

Filer

EIN

23-7171151