GWSCPA Educational Foundation Inc

EIN: 521469031 501(c)(3) Community Improvement

Washington, DC

Total Revenue
$1,117,137
Total Expenses
$1,216,468
Total Assets
$800,182
Net Assets
$300,812
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Principal Officer
Carolyn Mollen
Phone
2023473050
Tax Period
2024-07-01 to 2025-06-30

GWSCPA Educational Foundation Inc, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The GWSCPA Educational Foundation provides continuing technical and professional development programs for accounting and financial professionals. We support development of the profession through student scholarships for DC area accounting students. We support nonprofit staff and volunteers through a wide range of industry specific education and programs which support accountability and effectiveness of the nonprofit sector.

Program Service Accomplishments

Program 1
Expenses: $524,786 Revenue: $454,583

Nonprofit Symposium: The Nonprofit Symposium is one of the largest and most respected conferences of its kind in the country, offering a multi-day event for nonprofit finance and accounting...

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Nonprofit Symposium: The Nonprofit Symposium is one of the largest and most respected conferences of its kind in the country, offering a multi-day event for nonprofit finance and accounting professionals. The conference spans tax, accounting, auditing, managenent and technology topics and brings together hundreds of nonprofit industry professionals and service providers dedicated to the sector.

Program 2
Expenses: $302,440 Revenue: $248,884

Learning: The Foundation offers continuing education seminars, webinars and conferences throughout the year in order to keep DC area finance and accounting professionals at the forefront of the...

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Learning: The Foundation offers continuing education seminars, webinars and conferences throughout the year in order to keep DC area finance and accounting professionals at the forefront of the profession. Topics range from technical standards to leadership development, diversity and inclusion, and we have a special emphasis on programming related to the nonprofit sector.

Program 3
Expenses: $140,398

Membership & Community: The Foundation expands on our technical education via leadership development courses and industry specific development and networking opportunities for young professionals in...

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Membership & Community: The Foundation expands on our technical education via leadership development courses and industry specific development and networking opportunities for young professionals in various sectors of the accounting and finance community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,718
Program Service Revenue $1,086,105
Investment Income $15,314
Other Revenue $0
TOTAL REVENUE $1,117,137

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $597,614
Fundraising Expenses $0
Program Expenses $1,003,053
Other Expenses $598,854
TOTAL EXPENSES $1,216,468

Year-over-Year Comparison

2024 2023 Change
Revenue $1,117,137 $998,806 +0.1%
Expenses $1,216,468 $1,094,928 +0.1%
Net Income $-99,331 $-96,122 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
4
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$299,649
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carolyn Mollen Immediate Past-President 2.00
Officer Director
$0 $0 $0
Chris Mannina President 2.00
Officer Director
$0 $0 $0
Julia Lafferty Vice-President 2.00
Officer Director
$0 $0 $0
Paul Preziotti Treasurer 2.00
Officer Director
$0 $0 $0
Sheila Bedford Secretary 2.00
Officer Director
$0 $0 $0
Kathy O'Connor Governor 1.00
Director
$0 $0 $0
Bob Storz Governor 1.00
Director
$0 $0 $0
Carl Hairston Governor 1.00
Director
$0 $0 $0
Sarah Tucker Governor 1.00
Director
$0 $0 $0
Brittney Gordon Governor 1.00
Director
$0 $0 $0
Derek Thomas Governor 1.00
Director
$0 $0 $0
Jessica McClain Governor 1.00
Director
$0 $0 $0
Jen Matteo Governor 1.00
Director
$0 $0 $0
Michael Harris Governor 1.00
Director
$0 $0 $0
Mike Sorrells Governor Emeritus 1.00
Director
$0 $0 $0
Venus Tuazon Governor 1.00
Director
$0 $0 $0
Alex Galeano Governor Emeritus 1.00
Director
$0 $0 $0
Omid Mohebbi Governor 1.00
Director
$0 $0 $0
Evan Seward Governor 1.00
Director
$0 $0 $0
Contina Djouga Governor 1.00
Director
$0 $0 $0
Jess Roper Governor 1.00
Director
$0 $0 $0
Christine Cardinal Governor 1.00
Director
$0 $0 $0
Laurie DeArmond Governor 1.00
Director
$0 $0 $0
Kari Bedell Executive Director 29.00
Officer
$183,048 $46,924 $299,649
Meghan Jenkins Senior Director, Engagemen 24.00
Highest
$82,498 $38,806 $174,181
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,117,137 $1,216,468 $800,182 $-99,331
2024 $998,806 $1,094,928 $842,865 $-96,122
2023 $840,144 $1,203,816 $690,045 $-363,672
2022 $670,605 $864,368 $995,196 $-193,763
2021 $810,894 $898,825 $1,154,317 $-87,931
2020 $1,131,208 $1,115,840 $1,118,668 $15,368
2019 $1,144,270 $1,088,999 $1,066,987 $55,271
2018 $1,161,089 $1,124,314 $1,032,552 $36,775
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