2026-02-25T18:13:41-06:00 2025-04-30 043138777 PKF JND PC 400 CROWN COLONY DRIVE SUITE 102 QUINCY MA 02169 990 2024-05-01 042055313 MASSACHUSETTS SOCIETY OF CPA'S INC MASS 6175564000 105 CHAUNCY STREET 10TH FLR BOSTON MA 021111726 ZACHARY DONAH CEO 6175564000 2026-02-21 1 0 ROBERT V DANDROW P00294799 6174220007 2026-02-21 2024 2025-03-06 01:10:19Z ZACHARY DONAH 105 CHAUNCY STREET 10TH FLR BOSTON MA 021111726 5484705 0 X WWW.MASSCPAS.ORG X 1911 MA TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS. 19 18 28 1310 176492 4675 0 0 4159048 3939864 158428 201552 0 0 4317476 4141416 26250 31500 0 0 3495966 3403481 0 0 0 742103 544682 4264319 3979663 53157 161753 5940309 5647083 1911837 1211651 4028472 4435432 X TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS 0 1 GENERAL MEMBERSHIP & MEMBER ENGAGEMENT: THE MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, INC. ("MASSCPAS") IS THE LEADING PROFESSIONAL ASSOCIATION FOR MORE THAN 11,500 CERTIFIED PUBLIC ACCOUNTANTS, ACCOUNTING AND FINANCE PROFESSIONALS ACROSS MASSACHUSETTS. THE SOCIETY PROVIDES MEMBERS WITH TIMELY RESOURCES, A PROFESSIONAL COMMUNITY AND OPPORTUNITIES FOR GROWTH THROUGH ITS WEBSITE, BI-MONTHLY MAGAZINE, E-NEWSLETTER AND A VARIETY OF NETWORKING, LEARNING AND ROUNDTABLE PROGRAMS. IN FY25, MASSCPAS SUPPORTED 18 COMMUNITIES WITH OVER 1,100 VOLUNTEERS, FACILITATED PEER-TO-PEER CONNECTIONS THROUGH MENTOR CIRCLES AND REGIONAL GROUPS AND HOSTED A MIX OF VIRTUAL AND IN-PERSON EVENTS TO KEEP MEMBERS INFORMED ON EMERGING ISSUES AND PROFESSIONAL STANDARDS. PUBLIC AWARENESS, IMAGE CAMPAIGN & PIPELINE DEVELOPMENT: MASSCPAS PROMOTES THE VALUE OF THE CPA CREDENTIAL AND INCREASES AWARENESS OF THE PROFESSION AMONG STUDENTS, EDUCATORS AND THE PUBLIC. THE SOCIETY'S PUBLIC AWARENESS INITIATIVES HIGHLIGHT THE EXPERTISE AND TRUST CPAS BRING TO BUSINESSES AND COMMUNITIES WHILE ADVANCING ACCOUNTING AS A CAREER OF CHOICE. CAMPAIGNS INCLUDE OUTREACH TO MEDIA, SPONSORSHIPS AND PARTNERSHIPS WITH BUSINESS ORGANIZATIONS. THE ACADEMIC & CAREER DEVELOPMENT (ACD) TEAM ENGAGES THOUSANDS OF STUDENTS ANNUALLY THROUGH CLASSROOM VISITS, INTERNSHIPS AND CAREER FAIRS ENSURING A STRONG PIPELINE OF FUTURE CPAS. ADVOCACY & GOVERNMENT AFFAIRS: MASSCPAS IS THE VOICE OF THE PROFESSION ON BEACON HILL. THE SOCIETY MONITORS LEGISLATION AND REGULATORY ISSUES AFFECTING CPAS AND THEIR CLIENTS, TESTIFIES BEFORE POLICYMAKERS AND MOBILIZES MEMBERS ON KEY ADVOCACY PRIORITIES. THROUGH DIRECT LOBBYING, GRASSROOTS ENGAGEMENT AND COALITION BUILDING, MASSCPAS ADVANCES POLICIES THAT STRENGTHEN THE ACCOUNTING PROFESSION AND PROTECT THE PUBLIC INTEREST. IN FY25, THE SOCIETY WORKED ON ISSUES INCLUDING CPA LICENSURE, TAXATION, WORKFORCE DEVELOPMENT AND PROFESSIONAL REGULATION. OTHER PROGRAMS COMPRISE THE LEGISLATION AND GOVERNMENT AFFAIRS PROGRAM. 0 0 0 1 0 0 0 0 0 1 1 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 28 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 LAURA L FELICE CHAIR 1.00 X X 0 0 0 DECLAN E LEE CHAIR-ELECT 1.00 X X 0 0 0 MARK A AUDI VICE CHAIR 1.00 X X 0 0 0 CAROL L RUIZ AUDIT CHAIR 1.00 X X 0 0 0 RONALD R TULL FINANCE CHAIR 1.00 X X 0 0 0 LAURA P O'BRIEN IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 CHARLOTTE L CATHRO DIRECTOR 1.00 X 0 0 0 JULIE CHASSE DIRECTOR 1.00 X 0 0 0 MARQUIS D COOPER DIRECTOR 1.00 0.50 X 0 0 0 MATTHEW J DYMENT DIRECTOR 1.00 X 0 0 0 MOLLY GRIFFITHS DIRECTOR 1.00 X 0 0 0 JOSHUA P LAPAN DIRECTOR 1.00 X 0 0 0 LEEANN MANNING DIRECTOR 1.00 X 0 0 0 CHRISTOPHER R MARTIN DIRECTOR 1.00 X 0 0 0 KATHY L PARKER DIRECTOR 1.00 X 0 0 0 AMY K PHELAN DIRECTOR 1.00 0.50 X 0 0 0 LINDA M SMITH DIRECTOR 1.00 X 0 0 0 KATIE SOULE DIRECTOR 1.00 X 0 0 0 ZACHARY DONAH PRES/CEO/SEC/TREAS 38.00 2.00 X X 260671 0 33658 KARA KIERAN COO 40.00 X 181389 0 46371 JULIA BOWKER-EKELUND VICE PRESIDENT, LEARNING & DEVELOP. 40.00 X 173756 0 44193 ELIZABETH EMANUELSON VICE PRESIDENT, COMMMUNICATIONS 40.00 X 164346 0 20666 MOLLY DONNELLY PVP ADVOCACY 40.00 X 140343 0 40133 KRISTEN WELLS SR. DIRECTOR OF BUSINESS DEVELOPMENT 40.00 X 128430 0 42650 ALLIE ORLANDO DIRECTOR OF ACADEMIC AND CAREER DEV. 40.00 X 107483 0 22033 AMY PITTER FORMER PRES/CEO/SEC/TREAS 0.00 0.00 X 146676 0 0 1303094 0 249704 12 1 1 0 DELCOR TECHNOLOGY SOLUTIONS 8380 COLESVILLE ROAD 550 SILVER SPRING MD 20910 PROFESSIONAL SERVICES IT 224728 ECRATCHIT INC 2 SHARP STREET HINGHAM MA 02043 ACCTING/CFO SERVICES 190746 2 MEMBERSHIP DUES 541800 3575482 3575482 MEETINGS & EVENTS - REGISTRATION 541800 155884 155884 ADVERTISING IN PUBLICATIONS 541800 113097 113097 OTHER ADVERTISING 900004 53463 53463 APPLICATION FEES 541800 26340 26340 15598 5666 9932 3939864 175974 175974 1368867 1343289 25578 25578 25578 4141416 3763372 176492 201552 X 31500 551888 2096979 196047 357253 201314 11107 221746 18000 18341 233033 40831 207376 290229 114568 62641 170275 864 148049 32326 DUES, SUBSCRIPTIONS AND 46709 UBIT TAX EXPENSE 174 OTHER REIMBURSED COSTS -1100000 28413 3979663 468441 298528 409450 432411 40361 7144 174714 101912 2895533 2612904 414555 282629 4407590 4510460 25198 13999 5940309 5647083 418582 406653 1082902 533968 410353 271030 1911837 1211651 X 4028472 4435432 4028472 4435432 5940309 5647083 161753 245207 0 X X 0 1 X 1 0 0 0 1 3575482 150763 18158 168921 250284 -81363 1900699 1692410 208289 771464 716123 55341 223370 204371 18999 282629 DOMESTIC EQUITY 2253853 F DOMESTIC FIXED INCOME 1463984 F FOREIGN EQUITY 381031 F MONEY MARKET FUND 10096 F US TREASURY NOTES 401496 F 4510460 DEFERRED COMPENSATION LIABILITIES 162857 DUE TO AFFILIATE 88867 FINANCE LEASE LIABILITIES 19306 271030 4368282 245207 245207 4123075 18341 18341 4141416 3961322 0 3961322 18341 18341 3979663 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 X 0 0 0 ZACHARY DONAH PRES/CEO/SEC/TREAS 239388 0 19297 0 1986 0 21246 0 12412 0 294329 0 0 0 KARA KIERAN COO 170056 0 10797 0 536 0 13593 0 32778 0 227760 0 0 0 JULIA BOWKER-EKELUND VICE PRESIDENT, LEARNING & DEVELOP. 159423 0 10797 0 3536 0 14943 0 29250 0 217949 0 0 0 ELIZABETH EMANUELSON VICE PRESIDENT, COMMMUNICATIONS 143674 0 10797 0 9875 0 8889 0 11777 0 185012 0 0 0 MOLLY DONNELLY PVP ADVOCACY 126307 0 10797 0 3239 0 11467 0 28666 0 180476 0 0 0 KRISTEN WELLS SR. DIRECTOR OF BUSINESS DEVELOPMENT 117300 0 10797 0 333 0 10375 0 32275 0 171080 0 0 0 AMY PITTER FORMER PRES/CEO/SEC/TREAS 0 0 0 0 146676 0 0 0 0 0 146676 0 146676 0 FORM 990, PART III, LINE 3 AS OF APRIL 30, 2024, THE ORGANIZATION TERMINATED ITS PEER REVIEW PROGRAM. 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 AND ACCOUNTING STUDENT RELATED PROGRAMS. THE AMOUNT REIMBURSED BY THE FOUNDATION FOR THESE SERVICES WAS $1,100,000 FOR THE YEAR ENDING APRIL 30, 2025. 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 PROGRAMS 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 1100000 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, 2025, THE SOCIETY INCURRED COSTS OF $1,103,405 IN CONDUCTING THE CPE PROGRAMS. THE SOCIETY'S REIMBURSEMENT FOR CONDUCTING THE CPE AND OTHER PROGRAMS WAS $1,100,000. AS OF APRIL 30, 2025, THE RECOVERABLE BALANCE OF ALLOWABLE COSTS FROM PAST YEARS IS $709,834.