2024-01-15T08:08:14-06:00 2023-04-30 043138777 PKF JND PC 400 CROWN COLONY DRIVE SUITE 102 QUINCY MA 02169 990 2022-05-01 042055313 MASSACHUSETTS SOCIETY OF CPA'S INC MASS 6175564000 105 CHAUNCY STREET 10TH FLR BOSTON MA 021111726 ZACHARY DONAH CEO 6175564000 2024-01-15 1 ZACHARY DONAH 999009999 0 ROBERT V DANDROW P00294799 6174220007 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ZACHARY DONAH 105 CHAUNCY STREET 10TH FLR BOSTON MA 021111726 4517559 0 X WWW.MASSCPAS.ORG X 1911 MA TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS. 19 18 30 1350 232304 23672 439702 0 3818181 4033976 75340 73327 0 0 4333223 4107303 27000 26000 0 0 2919114 3427306 0 0 0 842268 869203 3788382 4322509 544841 -215206 5581764 5435333 1711907 1748192 3869857 3687141 X TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS 0 0 THE MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, INC. ("SOCIETY") IS THE STATE'S PREMIER PROFESSIONAL ORGANIZATION OF MORE THAN 11,000 CERTIFIED PUBLIC ACCOUNTANTS AND ACCOUNTING PROFESSIONALS. THE SOCIETY PROVIDES ITS MEMBERS WITH CUTTING EDGE AND UP TO DATE INFORMATION RELEVANT TO ITS MEMBERS THROUGH THE SOCIETY'S WEBSITE, A BI-MONTHLY MAGAZINE AND A TARGETED ELECTRONIC NEWSLETTER. IN ADDITION, THE SOCIETY OFFERS OPPORTUNITIES FOR PEER-TO-PEER REGIONAL NETWORKING THROUGH A SERIES OF ROUNDABLE AND MENTOR CIRCLES. THE SOCIETY HAS 18 COMMITTEES COVERING AREAS OF INTEREST TO THE MEMBERS. THE COMMITTEES, COMPRISED OF 1,310 MEMBERS, ADDRESS CURRENT TOPICS, CHALLENGES AND RELEVANT REGULATIONS. THE SOCIETY HOSTS 15 LIVE AND VIRTUAL NETWORKING EVENTS AND 5 ROUNDTABLE GROUPS, HOLDING 36 ROUNDTABLE EVENTS FOR MEMBERS IN FY23. THE SOCIETY'S PUBLIC AWARENESS PROGRAM SEEKS TO RAISE AWARENESS OF AND INTEREST IN ACCOUNTING AS A CAREER; INCREASE PUBLIC UNDERSTANDING OF CPAS AND THE SERVICES THEY PROVIDE; AND COMMUNICATE THE EXPERTISE AND VALUE ACCOUNTING PROFESSIONALS BRING TO THEIR CLIENTS, BUSINESSES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK. THE PROGRAM ALSO INCLUDES INITIATIVES TO RAISE AWARENESS OF THE SOCIETY AND ELEVATE THE POSITION OF ITS LEADERS WITHIN THE ACCOUNTING AND BUSINESS COMMUNITIES. THE IMAGE CAMPAIGN PROMOTES THE VALUE OF THE CPA DESIGNATION THROUGH DIFFERENT MEDIUMS IN AN EFFORT TO REACH THE GENERAL PUBLIC AND SMALL BUSINESSES THAT NEED CPA SERVICES. THIS INCLUDES SPONSORING PROFESSIONAL SERVICES SECTIONS WITHIN THE BOSTON BUSINESS JOURNAL, AS WELL AS PLACING PRINT ADVERTISING THAT ADVANCES THE IMAGE OF CPA'S AS VALUE-ADDED ADVISORS THAT CAN MAKE A SIGNIFICANT CONTRIBUTION TO THE SUCCESS OF OWNER-OPERATED BUSINESSES IN MASSACHUSETTS. SINCE 1988, THE SOCIETY HAS ADMINISTERED THE AICPA'S PEER REVIEW PROGRAM. THIS PROGRAM HELPS FIRMS MEET THE LICENSING REQUIREMENT FOR THE STATE OF MASSACHUSETTS. THERE ARE APPROXIMATELY 577 FIRMS ENROLLED IN THE PROGRAM AND OVER 202 REVIEWS WERE ADMINISTERED IN 2023. OTHER PROGRAMS COMPRISE THE LEGISLATION AND GOVERNMENT AFFAIRS PROGRAM. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 1 30 1 1 1 0 0 0 1 1 0 0 0 X 19 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ZACHARY DONAH 6175564000 105 CHAUNCY STREET 10TH FLOOR BOSTON MA 021111726 KAREN B MCELROY CHAIR 1.00 0.50 X X 0 0 0 LAURA P O'BRIEN CHAIR-ELECT 1.00 X X 0 0 0 CAROL RUIZ VICE CHAIR 1.00 X X 0 0 0 JOHN D GERACI VICE-CHAIR AUDIT 1.00 X X 0 0 0 LAURA L FELICE VICE CHAIR - FINANCE 1.00 X X 0 0 0 ROBERT S MILLER IMMEDIATE PAST CHAIR 1.00 0.50 X X 0 0 0 MARK A AUDI DIRECTOR 1.00 X 0 0 0 CHARLOTTE L CATHRO DIRECTOR 1.00 X 0 0 0 MARQUIS D COOPER DIRECTOR 1.00 0.50 X 0 0 0 LAUREN DAVIDES DIRECTOR 1.00 X 0 0 0 MATTHEW J DYMENT DIRECTOR 1.00 X 0 0 0 ROSA JARDIM DIRECTOR 1.00 X 0 0 0 ADNANI M JOHARI DIRECTOR 1.00 X 0 0 0 DECLAN E LEE DIRECTOR 1.00 X 0 0 0 ARTHUR R MARSHALL DIRECTOR 1.00 X 0 0 0 AMY K PHELAN DIRECTOR 1.00 0.50 X 0 0 0 JULIE M QUINK DIRECTOR 1.00 X 0 0 0 SANDRA RICHTERMEYER DIRECTOR 1.00 X 0 0 0 AMY A PITTER PRESIDENT/CEO/SEC/TREAS 38.00 2.00 X 342040 0 55297 KARA KIERAN COO 40.00 X 159014 0 36115 ZACHARY DONAH DEPUTY CEO 40.00 X 160587 0 23034 JULIA BOWKER-EKELUND VICE PRESIDENT, LEARNING 2.00 38.00 X 158135 0 41205 ELIZABETH EMANUELSON VICE PRESIDENT, COMMMUNICATIONS 40.00 X 148451 0 11476 KRISTEN WELLS SENIOR DIRECTOR OF BUSINESS DEVELOPMENT AND EVENTS 40.00 X 113187 0 33953 LAWRENCE LIUZZO SENIOR DIRECTOR GOVERNMENT 40.00 X 112740 0 6907 1194154 0 207987 7 0 1 0 IMARC 21 WATER ST AMESBURY MA 01913 WEBSITE HOSTING & DEVELOPER 165383 ECRATCHIT INC 2 SHARP STREET HINGHAM MA 02043 ACCTING/CFO SERVICES 164500 ENVISION TECHNOLOGY ADVISORS LLC 999 MAIN ST STE 703 PAWTUCKET RI 02860 IT SERVICES 141944 3 MEMBERSHIP DUES 541800 3364585 3364585 QUALITY REVIEW PROGRAM 541800 323669 323669 ADVERTISING IN PUBLICA 541800 140631 140631 MEETINGS & EVENTS - RE 541800 94946 94946 OTHER ADVERTISING 900004 67552 67552 42593 18472 24121 4033976 97565 97565 386018 410256 -24238 -24238 -24238 4107303 3801672 232304 73327 X 26000 641374 2158155 184028 246636 197113 9540 196648 41000 14329 261560 62586 233803 191563 130804 66953 136064 1288 141311 31051 DUES, SUBSCRIPTIONS AND 29097 UBIT TAX EXPENSE 6500 OTHER REIMBURSED COSTS -725000 40106 4322509 625763 739756 730051 401209 65849 56679 123110 155956 2849386 2332931 593522 516455 3443469 3528881 36397 5581764 5435333 475798 433006 608912 601047 627197 714139 1711907 1748192 X 3869857 3687141 3869857 3687141 5581764 5435333 -215206 32490 0 X X 0 1 X 1 0 0 0 1 3314504 184408 11369 195777 165725 30052 1900699 1592093 308606 737822 672463 65359 210865 68375 142490 516455 DEFERRED COMPENSATION LIABILITIES 213756 DUE TO AFFILIATE 451722 FINANCE LEASE LIABILITIES 48661 714139 4125464 32490 -14329 18161 4107303 0 4107303 4308180 0 4308180 14329 14329 4322509 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES -14,329. 1 EDUCATIONAL FOUNDATION OF MSCPA'S 105 CHAUNCY ST 10TH FLOOR BOSTON MA 021111726 046139571 3 25000 0 SUPPORT THE CONTINUING PROFESSIONAL EDUCATION OF MEMBERS 1 0 PART I, LINE 2: THE SOCIETY MADE A DONATION TO THE EDUCATIONAL FOUNDATION OF THE MSCPA, A RELATED PARTY, TO SUPPORT THE SCHOLARSHIP PROGRAM DURING THE YEAR. THE SOCIETY AND FOUNDATION SHARE COMMON MANAGEMENT, WHO OVERSEE THE OPERATIONS AND EXPENDITURES AND REPORT FINANCIAL ACTIVITY TO THE BOARD OF DIRECTORS REGULARLY. AN ESTABLISHED COMMITTEE EVALUATES ELIGIBILITY AND DETERMINES SCHOLARSHIP AWARDS EACH YEAR. X X X 0 0 0 AMY A PITTER PRESIDENT/CEO/SEC/TREAS 268359 0 36476 0 37205 0 27255 0 28042 0 397337 0 0 0 KARA KIERAN COO 145336 0 12318 0 1360 0 11000 0 25115 0 195129 0 0 0 ZACHARY DONAH DEPUTY CEO 150517 0 9726 0 344 0 11585 0 11449 0 183621 0 0 0 JULIA BOWKER-EKELUND VICE PRESIDENT, LEARNING 147979 0 9726 0 430 0 13911 0 27294 0 199340 0 0 0 ELIZABETH EMANUELSON VICE PRESIDENT, COMMMUNICATIONS 128724 0 10054 0 9673 0 9166 0 2310 0 159927 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY HAS THREE CLASSES OF MEMBERS: FELLOWS, ASSOCIATES, AND HONORARY MEMBERS. FELLOWS ARE MEMBERS WHO ARE CERTIFIED PUBLIC ACCOUNTANTS UNDER THE LAWS OF MASSACHUSETTS OR CERTIFIED PUBLIC ACCOUNTANTS UNDER THE LAWS OF ANOTHER STATE IN THE UNITED STATES. ONLY FELLOW MEMBERS HAVE THE RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY'S FELLOW MEMBERS ELECT THE BOARD OF DIRECTORS, OFFICERS, AND NOMINATING COMMITTEE EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B THE SOCIETY'S FELLOW MEMBERS MUST APPROVE ALL CHANGES TO THE SOCIETY'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE SOCIETY'S AUDIT COMMITTEE REVIEWED AND APPROVED THE FORM 990. THE COMMITTEE SUBMITTED ITS REPORT TO THE SOCIETY'S BOARD OF DIRECTORS AND THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY TO ENSURE THAT THE POLICY CONTINUES TO BE APPROPRIATE AND IS UPDATED AS NEEDED. THE SOCIETY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND MEMBERS OF THE SOCIETY'S BOARD OF DIRECTORS. NEW EMPLOYEES AND BOARD MEMBERS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THEREAFTER, SEMI-ANNUALLY THE SOCIETY'S STAFF AND ITS BOARD OF DIRECTORS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. DISCLOSURE OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST INVOLVING STAFF IS REFERRED TO THE CEO (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIRMAN OF THE BOARD) AND DISCLOSURE OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST INVOLVING DIRECTORS IS MADE TO THE CHAIRMAN OF THE BOARD. THESE POTENTIAL AND ACTUAL CONFLICTS OF INTEREST ARE DISCUSSED AND RESOLVED WITH THE BOARD. THE PERSON WITH A CONFLICT WOULD BE RECUSED FROM ANY RELATED DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS COMMITTEE (COMMITTEE) OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S COMPENSATION AND MAKES A RECOMMENDATION FOR THE CEO'S COMPENSATION BASED ON A PERFORMANCE REVIEW AND ON SALARY RANGES PROVIDED BY A COMPENSATION-CONSULTING FIRM. THE COMMITTEE'S RECOMMENDATIONS ARE REVIEWED BY THE FINANCE COMMITTEE, WHICH PRESENTS THE RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR ITS APPROVAL. THE COMMITTEE REVIEWS THE COMPENSATION OF KEY EMPLOYEES AND MAKES RECOMMENDATIONS FOR COMPENSATION BASED ON THE KEY EMPLOYEES PERFORMANCE REVIEWS (DONE BY THE SOCIETY'S CEO) AND SALARY RANGES PROVIDED BY A COMPENSATION-CONSULTING FIRM. THE COMMITTEE'S RECOMMENDATION IS REVIEWED BY THE FINANCE COMMITTEE, WHICH PRESENTS THE RECOMMENDATION TO THE BOARD OF DIRECTORS FOR ITS APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND THE ARTICLES OF ORGANIZATION ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24C: EXPLANATION OF "OTHER EXPENSES" - THE EDUCATIONAL FOUNDATION OF MSCPA'S - 04-6139571, AN AFFILIATED ENTITY OF THE SOCIETY, UTILIZES THE ADMINISTRATIVE SERVICES OF THE SOCIETY TO OPERATE ITS CONTINUING EDUCATION PROGRAMS. THE AMOUNT REIMBURSED BY THE FOUNDATION FOR THESE SERVICES WAS $725,000 FOR THE YEAR ENDING APRIL 30, 2023. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE REVIEWS AND APPROVES THE AUDIT FIRM EACH YEAR AND APPROVES THE DRAFT OF THE FINANCIAL STATEMENTS BEFORE ISSUANCE. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EDUCATIONAL FOUNDATION OF THE MSCPA 105 CHAUNCY STREET BOSTON MA 02111 046139571 PROFESSIONAL EDUCATION AND SCHOLARSHIPS, GRANTS AND OTHER AWARDS MA 501(C)(3) LINE 10 MASSACHUSETTS SOCIETY OF CPA'S INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 EDUCATIONAL FOUNDATION OF THE MSCPA (INCLUDES CODE LN & O) Q 725000 SEE STATEMENT AT PART VII SCHEDULE R, PART V, LINE 2, (1)(D) IN CONNECTION WITH THE OPERATION OF ITS CONTINUING PROFESSIONAL EDUCATION PROGRAMS, THE FOUNDATION UTILIZES THE ADMINISTRATIVE SERVICES OF ITS AFFILIATE, THE MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, INC. (THE "SOCIETY"). BY LETTER OF UNDERSTANDING, THE CHARGES BY THE SOCIETY TO THE FOUNDATION FOR SUCH ADMINISTRATIVE SERVICES ARE LIMITED TO THE LESSER OF EXPENSES INCURRED BY THE SOCIETY OR THE FOUNDATION'S EXCESS OF REVENUES OVER DIRECT EXPENSES. COSTS NOT CHARGEABLE TO THE FOUNDATION BECAUSE OF THE ABOVE DISCUSSED LIMIT ON THE MAXIMUM CHARGE ARE CARRIED FORWARD AS ALLOWABLE COSTS TO FUTURE YEARS. FOR FISCAL YEAR ENDED APRIL 30, 2023, THE SOCIETY INCURRED COSTS OF $814,287 IN CONDUCTING THE CPE PROGRAMS. THE SOCIETY'S REIMBURSEMENT FOR CONDUCTING THE CPE PROGRAMS WAS $725,000.