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FOUNDATION FOR ACCOUNTING EDUCATION, INC.

Company Details

Name: FOUNDATION FOR ACCOUNTING EDUCATION, INC.
Jurisdiction: New York
Legal type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 05 Apr 1972 (53 years ago)
Entity Number: 327269
ZIP code: 10005
County: New York
Place of Formation: New York
Address: 14 WALL STREET, 19TH FLOOR, NEW YORK, NY, United States, 10005

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
FOUNDATION FOR ACCOUNTING EDUCATION, NUMBER 311856 2009 237171151 2013-03-06 FOUNDATION FOR ACCOUNTING EDUCATION INC. 0
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Three-digit plan number (PN) 001
Effective date of plan 1972-01-01
Business code 611000
Sponsor’s telephone number 2127198337
Plan sponsor’s address 3 PARK AVENUE 18TH FLOOR, NEW YORK, NY, 10016

Plan administrator’s name and address

Administrator’s EIN 237171151
Plan administrator’s name FOUNDATION FOR ACCOUNTING EDUCATION INC.
Plan administrator’s address 3 PARK AVENUE 18TH FLOOR, NEW YORK, NY, 10016
Administrator’s telephone number 2127198337

Signature of

Role Plan administrator
Date 2013-03-06
Name of individual signing PATRICK PAYANO, CPA
FOUNDATION FOR ACCOUNTING EDUCATION, NUMBER 311856 2009 237171151 2011-01-19 FOUNDATION FOR ACCOUNTING EDUCATION INC. 1
Three-digit plan number (PN) 001
Effective date of plan 1972-01-01
Business code 611000
Sponsor’s telephone number 2127198337
Plan sponsor’s address 3 PARK AVENUE 18TH FLOOR, NEW YORK, NY, 10016

Plan administrator’s name and address

Administrator’s EIN 237171151
Plan administrator’s name FOUNDATION FOR ACCOUNTING EDUCATION INC.
Plan administrator’s address 3 PARK AVENUE 18TH FLOOR, NEW YORK, NY, 10016
Administrator’s telephone number 2127198337

Signature of

Role Plan administrator
Date 2011-01-19
Name of individual signing PATRICK PAYANO, CPA

Agent

Name Role Address
N/A: Agent 355 LEXINGTON AVE., NEW YORK, NY

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 14 WALL STREET, 19TH FLOOR, NEW YORK, NY, United States, 10005

History

Start date End date Type Value
2006-03-01 2020-05-26 Address 3 PARK AVENUE, 18TH FLOOR, NEW YORK, NY, 10016, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
200526000367 2020-05-26 CERTIFICATE OF AMENDMENT 2020-05-26
091130000482 2009-11-30 CERTIFICATE OF MERGER 2009-11-30
060301000975 2006-03-01 CERTIFICATE OF AMENDMENT 2006-03-01
C334181-3 2003-07-23 ASSUMED NAME CORP INITIAL FILING 2003-07-23
979231-11 1972-04-05 CERTIFICATE OF INCORPORATION 1972-04-05

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
23-7171151 Corporation Unconditional Exemption 200 MADISON AVENUE 11TH FLOOR, NEW YORK, NY, 10016-3903 1972-12
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-05
Asset 500,000 to 999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period May
Asset Amount 601041
Income Amount 2704486
Form 990 Revenue Amount 2700881
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 202305
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 202205
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 202105
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 202005
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 201905
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 201805
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 201705
Filing Type E
Return Type 990
File View File
Organization Name FOUNDATION FOR ACCOUNTING EDUCATION INC
EIN 23-7171151
Tax Period 201605
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8829087201 2020-04-28 0202 PPP 14 Wall Street 19th Floor, New York, NY, 10005-2124
Loan Status Date 2021-07-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 242900
Loan Approval Amount (current) 242900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 49274
Servicing Lender Name Citibank, N.A.
Servicing Lender Address 5800 S. Corporate Place, Sioux Falls, SD, 57108
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address New York, NEW YORK, NY, 10005-2124
Project Congressional District NY-10
Number of Employees 12
NAICS code 813211
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 49274
Originating Lender Name Citibank, N.A.
Originating Lender Address Sioux Falls, SD
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 245490.93
Forgiveness Paid Date 2021-06-04
8240848600 2021-03-24 0202 PPS 14 Wall St, New York, NY, 10005-2101
Loan Status Date 2022-05-14
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 226400
Loan Approval Amount (current) 226400
Undisbursed Amount 0
Franchise Name -
Lender Location ID 49274
Servicing Lender Name Citibank, N.A.
Servicing Lender Address 5800 S. Corporate Place, Sioux Falls, SD, 57108
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address New York, NEW YORK, NY, 10005-2101
Project Congressional District NY-10
Number of Employees 12
NAICS code 813211
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 49274
Originating Lender Name Citibank, N.A.
Originating Lender Address Sioux Falls, SD
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 228783.49
Forgiveness Paid Date 2022-04-19

Date of last update: 18 Mar 2025

Sources: New York Secretary of State