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 046139571 EDUCATIONAL FOUNDATION OF MSCPA'S EDUC 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 2354480 0 X MASSCPAS.ORG X 1965 MA THE EDUCATIONAL FOUNDATION OF THE MSCPA SUPPORTS THE CONTINUING PROFESSIONAL EDUCATION OF MEMBERS OF THE MSCPA, AS WELL AS NON-MEMBERS, BY PROVIDING SEMINARS, CONFERENCES, AND OTHER OFFERINGS WHICH ASSIST IN FULFILLING THE CERTIFICATION REQUIREMENTS REGARDING EDUCATION FOR CPA'S. IN ADDITION, THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER AWARDS TO RECOGNIZE AND ENCOURAGE STUDENTS WHO ARE ACTIVELY PURSUING A CAREER IN ACCOUNTING. 13 12 0 12 0 0 184382 229897 1827864 2102921 87 8642 -6010 -6616 2006323 2334844 192000 218334 0 0 0 0 0 0 23354 1395416 1873133 1587416 2091467 418907 243377 1277822 1503211 369830 351842 907992 1151369 THE MISSION OF THE MSCPA'S EDUCATIONAL FOUNDATION IS TO INSPIRE AND SUPPORT THE NEXT GENERATION OF CPAS IN MASSACHUSETTS. 0 0 1576871 2096601 THE CPE PROGRAM PROVIDES A BROAD RANGE OF HIGH-QUALITY, COST EFFECTIVE CONTINUING EDUCATION THAT ASSISTS CPAS IN MEETING STATE LICENSING REQUIREMENTS AND IMPROVING THEIR PROFESSIONAL SKILLS. THE PROGRAM ACCOMPLISHES THIS THROUGH OUR SEMINARS, CONFERENCES, IN-HOUSE CPE, SELF STUDY AND WEBINARS. THE CPE PROGRAM OFFERED OVER 150 SEMINARS, 10 CONFERENCES AND OVER 1,400 WEBINARS DONE IN BOTH LIVE AND VIRTUAL FORMATS. TO ASSIST CPAS THROUGH THE COVID-19 PANDEMIC, THE SOCIETY OFFERED OVER 20 FREE WEBINARS THAT ATTRACTED HUNDREDS OF ATTENDEES. 272319 218334 6320 THE EDUCATIONAL FOUNDATION GRANTS PROGRAM AWARDED 52 SCHOLARSHIPS AND 3 EXAM VOUCHERS TOTALING $175,500 TO ASSIST STUDENTS IN THE PURSUIT OF AN ACCOUNTING DEGREE AND TO HELP OFFSET THE COST ASSOCIATED WITH THE CPA EXAM. THE PROGRAM AWARDED $2,000 TO THE OUTSTANDING EDUCATOR OF THE YEAR FOR THEIR CONTRIBUTIONS TO FURTHERING THE PROFESSION IN ACADEMIA. IN ADDITION, THE FOUNDATION AWARDED $37,344 TO TWO LOCAL COMMUNITY COLLEGES TO SUPPORT THE EXPANSION OF BUSINESS-ORIENTED AND ACCOUNTING FOCUSED INNOVATION PATHWAY AND EARLY COLLEGE PROGRAMS THROUGH HIGH SCHOOL PARTNERSHIPS. 1849190 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ZACHARY DONAH 6175564000 105 CHAUNCY STREET 10TH FLOOR BOSTON MA 021111726 JOHN M MICALIZZI CHAIRMAN 0.50 X X 0 0 0 MARQUIS COOPER DIRECTOR 0.50 1.00 X 0 0 0 SHANIKWA D DAVIS DIRECTOR 0.50 X 0 0 0 MINDY EICHLER DIRECTOR 0.50 X 0 0 0 SANTIAGO A FERNANDEZ-SUAREZ DIRECTOR 0.50 X 0 0 0 YARICE HIDALGO DIRECTOR 0.50 X 0 0 0 WILLIAM D MAHONEY DIRECTOR 0.50 X 0 0 0 ROBERT S MILLER DIRECTOR 0.50 1.00 X 0 0 0 AMY K PHELAN DIRECTOR 0.50 1.00 X 0 0 0 MARY-JOAN POTVIN DIRECTOR 0.50 X 0 0 0 MELISSA SAWYER DIRECTOR 0.50 X 0 0 0 KERRY A STAKEM DIRECTOR 0.50 X 0 0 0 AMY A PITTER PRES/CEO/SECRETARY 2.00 38.00 X X 0 342040 55297 0 342040 55297 0 0 1 0 SURGENT MCCOY CPE LLC 237 LANCASTER AVE DEVON PA 19333 PROVIDE SPEAKERS & CPE MATERIAL 273466 1 19855 210042 229897 CONTINUING EDUC. FEES 611710 2096601 2096601 REGISTRATION FEES 611710 6320 6320 2102921 8642 8642 13020 19855 19636 -6616 -6616 2334844 2102921 0 2026 X 41334 41334 177000 177000 725000 482723 218923 23354 17945 17945 5222 5222 1013888 1013888 CREDIT CARD FEES 50812 50812 STUDENT PROGRAMING 10376 10376 BAD DEBT EXPENSE 2000 2000 47890 47890 2091467 1849190 218923 23354 352991 267984 346242 704589 20365 26563 50365 52353 507859 451722 1277822 1503211 44180 24906 187000 175500 138650 151436 369830 351842 X 887133 1129739 20859 21630 907992 1151369 1277822 1503211 243377 0 X X 0 1 X 1 0 X 192486 174265 153140 184382 229897 934170 1953950 1873829 1296769 1827864 2102921 9055333 11470 16087 2898 11705 13020 55180 2157906 2064181 1452807 2023951 2345838 10044683 5000 5000 30000 30000 70000 0 5000 5000 30000 30000 70000 9974683 1442 475 173 87 8642 10819 1442 475 173 87 8642 10819 2159348 2064656 1452980 2024038 2354480 10055502 0.99200 0.99560 0.00110 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATE - MSCPA 451722 451722 2354480 0 2354480 -19636 -19636 2334844 2111103 19636 19636 2091467 0 2091467 PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -19,636. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,636. GOLF OUTING 32875 19855 13020 1000 8400 6500 3736 32875 19855 13020 1000 8400 6500 3736 19636 -6616 1 MIDDLESEX COMMUNITY COLLEGE 33 KEARNEY SQUARE LOWELL MA 01854 042720058 3 7344 0 COLLEGE AWARENESS PROGRAM GRANT BRISTOL COMMUNITY COLLEGE FOUNDATION INC 777 ELSBREE STREET FALL RIVER MA 02720 042707491 3 30000 0 COLLEGE AWARENESS PROGRAM GRANT 2 0 SCHOLARSHIPS 52 175500 PART I, LINE 2: THE BOARD OF DIRECTORS OF THE EDUCATIONAL FOUNDATION OF THE MSCPA REVIEWS THE PROGRAM AND APPROVES THE GRANT ON AN ANNUAL BASIS. THE FOUNDATION RECEIVES A REPORT FROM INDIVIDUAL GRANTEES AT THE END OF THE PROGRAM THAT SHOWS THAT THE GRANT HAS BEEN USED AS INTENDED. FOR INDIVIDUAL SCHOLARSHIPS, THE INDIVIDUAL'S QUALIFICATIONS ARE REVIEWED AND VERIFIED BEFORE AWARDING THE SCHOLARSHIP. EACH MAY, THE SOCIETY HOLDS A LOTTERY TO AWARD VOUCHERS IN THE AMOUNT OF $500 TO CANDIDATES PLANNING TO SIT FOR THE CPA EXAM AS A MASSACHUSETTS CANDIDATE. IN ORDER TO RECEIVE THE VOUCHER, THE CPA EXAM CANDIDATE MUST PRESENT A NOTICE TO SCHEDULE" FROM CPA EXAM SERVICES AS EVIDENCE THAT HE/SHE HAS BEEN APPROVED TO SIT FOR THE EXAM DURING THE PERIOD OF MAY 1 TO APRIL 30. 0 0 0 0 0 0 0 0 0 AMY A PITTER PRES/CEO/SECRETARY 0 268359 0 36476 0 37205 0 27255 0 28042 0 397337 0 0 SCHEDULE J, PART II THE COMPENSATION OF THE INDIVIDUALS LISTED IN PART VII AND SCHEDULE J WAS DETERMINED BY THE BOARD OF DIRECTORS OF A RELATED ENTITY, THE MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, INC. ("SOCIETY"). IN ESTABLISHING THE COMPENSATION, THE SOCIETY'S BOARD USED A COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT AND COMPENSATION SURVEYS. THE COMPENSATION AS APPROVED BY THE SOCIETY'S COMPENSATION COMMITTEE, THE SOCIETY'S FINANCE COMMITTEE AND THE SOCIETY'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION'S MEMBERS ARE THE MEMBERS OF THE BOARD OF DIRECTORS OF THE MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S MEMBERS ELECT ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MASSACHUSETTS SOCIETY OF CPA'S BOARD MUST APPROVE ANY CHANGES TO THE BY-LAWS OF THE EDUCATIONAL FOUNDATION OF MSCPA'S. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990, THE AUDIT COMMITTEE OF THE MASSACHUSETTS SOCIETY OF CPA'S ("SOCIETY") REVIEWED THE FORM 990. THE COMMITTEE REPORTED TO THE SOCIETY'S BOARD OF DIRECTORS AND FORM 990 WAS PROVIDED TO THE FOUNDATION'S BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY TO ENSURE THAT THE POLICY CONTINUES TO BE APPROPRIATE AND IS UPDATED AS NEEDED. THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. NEW BOARD MEMBERS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THEREAFTER, SEMI-ANNUALLY THE FOUNDATION'S BOARD OF DIRECTORS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. DISCLOSURE OF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST INVOLVING DIRECTORS IS MADE TO THE CHAIRMAN OF THE BOARD (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD VICE-CHAIRMAN). 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 C, LINE 19 FINANCIAL STATEMENTS AND THE ARTICLES OF ORGANIZATION ARE AVAILABLE UPON REQUEST. GENERALLY OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. IN ADDITION, FINANCIAL STATEMENTS ARE ATTACHED TO THE MA FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE. THIS FORM IS OPEN TO PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G ADMINISTRATIVE SERVICES REIMBURSED TO MA SOCIETY OF CPA'S, INC. 04-2055313: PROGRAM SERVICE EXPENSES 482,723. MANAGEMENT AND GENERAL EXPENSES 218,923. FUNDRAISING EXPENSES 23,354. TOTAL EXPENSES 725,000. FORM 990, PART XII, LINE 2C THERE WAS NO CHANGE TO THE OVERSIGHT OF THE YEAR-END AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT DURING THE YEAR. MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS INC 105 CHAUNCY STREET BOSTON MA 02111 042055313 PROFESSIONAL AND MEMBERSHIP SERVICES PROVIDED TO MEMBERS MA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MASSACHUSETTS SOCIETY OF CPA'S INC (INCLUDES CODE N & O COSTS) P 725000 SEE STATEMENT AT PART VII SCHEDULE R, PART V, LINE 2, (1) (D) IN CONNECTION WITH THE OPERATION OF ITS CONTINUING EDUCATION PROGRAMS, THE FOUNDATION UTILIZES THE ADMINISTRATIVE SERVICES OF AN AFFILIATED ENTITY, 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.