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Michigan Accountancy Foundation

EIN 38-6090334 · Troy, MI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MICHIGAN ACCOUNTANCY FOUNDATION (FOUNDATION) IS A 501(C)(3) NOT-FOR- PROFIT ORGANIZATION WHOSE MISSION IS TO ATTRACT, INSPIRE AND SUPPORT FUTURE GENERATIONS OF CPAS BY PROVIDING SCHOLARSHIPS TO FIFTH-YEAR ACCOUNTING STUDENTS, SERVING AS A SOURCE OF INDUSTRY KNOWLEDGE FOR COLLEGE AND UNIVERSITY EDUCATORS AND CONNECTING HIGH SCHOOL STUDENTS TO THE CPA PROFESSION.

Income
$147,642
Spending
$83,461
Spent on programs
85%
Reserves
43.5 months of spending
Largest source of income
donations and private grants, 91%
Employees
0
Volunteers
23

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 43.5 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 43% of income.

  • Income trend

    15 of 15

    Income rose 69% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100.

  • Independent board

    25 of 25

    19 of 19 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $35,000 spent. SCHOLARSHIPS: THE MICHIGAN ACCOUNTANCY SCHOLARSHIP PROGRAM IS FOR FIFTH YEAR/GRADUATE ACCOUNTING STUDENTS ASPIRING TO BE CERTIFIED PUBLIC ACCOUNTANTS.
  2. $25,770 spent. EDUCATOR EVENTS: EDUCATOR OUTREACH: THE EDUCATOR SYMPOSIUM IS HELD FOR THE DISSEMINATION AND DEVELOPMENT OF ACCOUNTING KNOWLEDGE FOR COLLEGE/UNIVERSITY ACCOUNTING EDUCATORS. HIGH SCHOOL LEADERS VIDEOS: THE VIDEOS ALLOWED STUDENTS TO LEARN FIRST HAND WHAT THE ACCOUNTING PROFESSION IS ABOUT. STUDENTS ALSO HAD THE OPPORTUNITY TO LEARN ABOUT FINANCIAL LITERACY. HIGH SCHOOL LEADERS PROGRAM: HIGH SCHOOL STUDENTS GET A BROAD SPECTRUM LOOK AT THE ACCOUNTING PROFESSION AND ARE ABLE TO ASK QUESTIONS OF CPAS AND COLLEGE ACCOUNTING STUDENTS ABOUT ANYTHING FROM DAY-TO-DAY BUSINESS TO INTERESTING EXPERIENCES THEY COULD HAVE.
  3. $10,500 spent. MAF EDUCATOR GRANT: A GRANT IS OFFERED TO SUPPORT PROJECTS OR PROGRAMS DESIGNED TO INCREASE THE NUMBER OF STUDENTS BECOMING CPAS IN MICHIGAN.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1964.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.