Skip to content
Nonprofiteer
← CPA FIRM MANAGEMENT ASSOCIATION INC

Form 990 for tax year 2024

Filed by CPA FIRM MANAGEMENT ASSOCIATION INC.

Totals

Total revenue
$513,490
Total expenses
$574,620
Contributions and grants received
$226,203
Grants paid
$0
Program service revenue
$287,071
Investment income
$216
Other revenue
$0
Total assets, end of year
$299,555
Total liabilities, end of year
$126,532
Net assets or fund balances, end of year
$173,023
Program services expenses (Part IX)
$349,782
Management and general expenses
$224,838
Fundraising expenses
$0
Program service expenses (Part III)
$349,782

Program services were 60.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $226,203

  • 2a · Program service revenue: CONFERENCE AND SEMINAR

    total $256,000 · related or exempt $256,000

  • 2b · Program service revenue: WEB-BASED SEMINARS

    total $18,577 · related or exempt $18,577

  • 2c · Program service revenue: CERTIFICATION PROGRAM

    total $11,794 · related or exempt $11,794

  • 2d · Program service revenue: CHAPTER ACTIVITIES

    total $700 · related or exempt $700

  • 3 · Investment income

    total $216 · excluded $216

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $253,164 · program services $112,482 · management and general $140,682

  • 11c · Fees: accounting

    total $3,144 · management and general $3,144

  • 12 · Advertising and promotion

    total $85 · management and general $85

  • 13 · Office expenses

    total $801 · management and general $801

  • 14 · Information technology

    total $23,230 · program services $1,254 · management and general $21,976

  • 17 · Travel

    total $37,740 · program services $9,040 · management and general $28,700

  • 19 · Conferences, conventions and meetings

    total $189,209 · program services $182,630 · management and general $6,579

  • 23 · Insurance

    total $3,632 · program services $1,378 · management and general $2,254

  • 24a · Other expenses: SPEAKER FEES

    total $25,500 · program services $25,500

  • 24b · Other expenses: CREDIT CARD/BANK FEES

    total $19,670 · program services $9,077 · management and general $10,593

  • 24c · Other expenses: SUBSCRIPTIONS

    total $7,112 · management and general $7,112

  • 24d · Other expenses: SUPPLIES

    total $5,073 · program services $3,880 · management and general $1,193

  • 24e · All other expenses

    total $6,260 · program services $4,541 · management and general $1,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $308,352 · end of year $282,473

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,928 · end of year $17,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,521 · end of year $12,910

  • 19 · Deferred revenue

    beginning of year $90,606 · end of year $113,622

  • 27 · Net assets without donor restrictions

    beginning of year $234,153 · end of year $173,023

Mission and programs · 2024

Mission

CPAFMA WILL BE A STRATEGIC ENABLER OF RELATIONSHIPS AND PROVIDER OF VALUABLE CONNECTIONS, RESOURCES AND EDUCATION TO SUPPORT HOLISTIC CPA FIRM PRACTICE MANAGEMENT IN AREAS SUCH AS STRATEGY/PARTNER ISSUES, HUMAN RESOURCES, TECHNOLOGY, FINANCE, MARKETING AND BUSINESS DEVELOPMENT, IN-FIRM COMMUNICATIONS, CLIENT SERVICE, OPERATIONS AND FACILITIES.

Activities or mission (Part I)

OUR MISSION IS TO BE A RECOGNIZED LEADER IN CPA FIRM PRACTICE MANAGEMENT DELIVERING VALUABLE EDUCATION & COLLABORATION OPPORTUNITIES FOR THOSE INTERESTED IN ELEVATING THEIR PRACTICE AND STRATEGICALLY GROWING THEIR FIRMS.

  • CONFERENCES, SEMINARS AND MEETINGS - TO EDUCATE MEMBERS ON BEST PRACTICES AND HOT TOPICS IN THE INDUSTRY AND ALLOW FOR COLLABORATION AND NETWORKING AMONG THE MEMBERSHIP. THIS INCLUDES NATIONAL EVENTS.

    Expenses $303,639 · Revenue $256,000

  • NETWORKING DEVELOPMENT/OUTREACH - TO SUPPORT CPA FIRMS BY PROVIDING NETWORKING OPPORTUNITIES.

    Expenses $6,537 · Revenue $700

  • CERTIFICATION - CPAFMA'S PUBLIC ACCOUNTING FIRM MANAGER (PAFM) PROGRAM PROVIDES THE OPPORTUNITY TO DEMONSTRATE YOU HAVE EXPERIENCE WITH THE KNOWLEDGE, LEADERSHIP, SKILLS, AND ABILITIES TO OPERATE AT A HIGH LEVEL OF EXPERTISE IN THE FIELD OF ACCOUNTING FIRM MANAGEMENT.

    Expenses $39,606 · Revenue $30,371

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jana Cinnamon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristine Latchaw CPA Pafm

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Larry Sheftel Phr Shrm-Cp Pafm

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Gregory Pafm

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Russo Pafm

    DIRECTOR OF PROFESSIONAL A

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Snell Pafm

    DIRECTOR OF MEMBERSHIP & G

    Total calculated
    $0
    Hours/week
    0.5

  • Kimberly Fitzgerald Pafm

    DIRECTOR OF EDUCATION

    Total calculated
    $0
    Hours/week
    1

  • Margot Sunter Cga CPA

    DIRECTOR OF INFORMATION AND COMMUNICATION

    Total calculated
    $0
    Hours/week
    0.3

  • Jon Tonkowich

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Raines

    DIRECTOR AT LARGE

    Total calculated
    $0
    Hours/week
    0.5

  • Roman Kepczyk CPA Citp Cgma

    ADVISOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Reeb CPA Citp Cgma

    ADVISOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 August 2025
IRS schema version
2024v5.2
Source object
202502279349300220

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.