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← MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS INC

Form 990 for tax year 2024

Filed by MASSACHUSETTS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS INC.

Totals

Total revenue
$4,141,416
Total expenses
$3,979,663
Contributions and grants received
$0
Grants paid
$31,500
Program service revenue
$3,939,864
Investment income
$201,552
Other revenue
$0
Total assets, end of year
$5,647,083
Total liabilities, end of year
$1,211,651
Net assets or fund balances, end of year
$4,435,432
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $3,575,482 · related or exempt $3,575,482

  • 2b · Program service revenue: MEETINGS & EVENTS - REGISTRATION

    total $155,884 · related or exempt $155,884

  • 2c · Program service revenue: ADVERTISING IN PUBLICATIONS

    total $113,097 · unrelated business $113,097

  • 2d · Program service revenue: OTHER ADVERTISING

    total $53,463 · unrelated business $53,463

  • 2e · Program service revenue: APPLICATION FEES

    total $26,340 · related or exempt $26,340

  • 2f · All other program service revenue

    total $15,598 · related or exempt $5,666 · unrelated business $9,932

  • 3 · Investment income

    total $175,974 · excluded $175,974

  • 7a · Gross sales of assets other than inventory

    securities $1,368,867

  • 7b · Less cost or other basis and sales expenses

    securities $1,343,289

  • 7c · Gain or loss

    securities $25,578

  • 7d · Net gain or loss

    total $25,578 · excluded $25,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,500

  • 5 · Compensation of officers, directors and key employees

    total $551,888

  • 7 · Other salaries and wages

    total $2,096,979

  • 8 · Pension plan contributions

    total $196,047

  • 9 · Other employee benefits

    total $357,253

  • 10 · Payroll taxes

    total $201,314

  • 11b · Fees: legal

    total $11,107

  • 11c · Fees: accounting

    total $221,746

  • 11d · Fees: lobbying

    total $18,000

  • 11f · Fees: investment management

    total $18,341

  • 11g · Fees: other

    total $233,033

  • 12 · Advertising and promotion

    total $40,831

  • 13 · Office expenses

    total $207,376

  • 14 · Information technology

    total $290,229

  • 16 · Occupancy

    total $114,568

  • 17 · Travel

    total $62,641

  • 19 · Conferences, conventions and meetings

    total $170,275

  • 20 · Interest

    total $864

  • 22 · Depreciation, depletion and amortization

    total $148,049

  • 23 · Insurance

    total $32,326

  • 24a · Other expenses: DUES, SUBSCRIPTIONS AND

    total $46,709

  • 24b · Other expenses: UBIT TAX EXPENSE

    total $174

  • 24c · Other expenses: OTHER REIMBURSED COSTS

    total -$1,100,000

  • 24e · All other expenses

    total $28,413

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,441 · end of year $298,528

  • 2 · Savings and temporary cash investments

    beginning of year $409,450 · end of year $432,411

  • 4 · Accounts receivable

    beginning of year $40,361 · end of year $7,144

  • 9 · Prepaid expenses and deferred charges

    beginning of year $174,714 · end of year $101,912

  • 10a · Land, buildings and equipment: cost or other basis

    $2,895,533

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,612,904

  • 10c · Land, buildings and equipment, net

    beginning of year $414,555 · end of year $282,629

  • 12 · Investments: other securities

    beginning of year $4,407,590 · end of year $4,510,460

  • 14 · Intangible assets

    beginning of year $25,198 · end of year $13,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $418,582 · end of year $406,653

  • 19 · Deferred revenue

    beginning of year $1,082,902 · end of year $533,968

  • 25 · Other liabilities

    beginning of year $410,353 · end of year $271,030

  • 27 · Net assets without donor restrictions

    beginning of year $4,028,472 · end of year $4,435,432

Mission and programs · 2024

Mission

TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS

Activities or mission (Part I)

TO PROTECT, ENHANCE, AND PROMOTE THE VALUE OF BEING A CPA IN MASSACHUSETTS.

  • 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.

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

Listed in Part VII

  • LAURA L FELICE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DECLAN E LEE

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • MARK A AUDI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CAROL L RUIZ

    AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RONALD R TULL

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LAURA P O'BRIEN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTE L CATHRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE CHASSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARQUIS D COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • MATTHEW J DYMENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY GRIFFITHS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSHUA P LAPAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEEANN MANNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER R MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY L PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY K PHELAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • LINDA M SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE SOULE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZACHARY DONAH

    PRES/CEO/SEC/TREAS

    Total calculated
    $294,329
    From this org
    $260,671
    From related orgs
    $0
    Other
    $33,658
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $239,388
    Bonus
    $19,297
    Other
    $1,986
    Deferred
    $21,246
    Nontaxable benefits
    $12,412
    Filer's total
    $294,329

  • KARA KIERAN

    COO

    Total calculated
    $227,760
    From this org
    $181,389
    From related orgs
    $0
    Other
    $46,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,056
    Bonus
    $10,797
    Other
    $536
    Deferred
    $13,593
    Nontaxable benefits
    $32,778
    Filer's total
    $227,760

  • JULIA BOWKER-EKELUND

    VICE PRESIDENT, LEARNING & DEVELOP.

    Total calculated
    $217,949
    From this org
    $173,756
    From related orgs
    $0
    Other
    $44,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,423
    Bonus
    $10,797
    Other
    $3,536
    Deferred
    $14,943
    Nontaxable benefits
    $29,250
    Filer's total
    $217,949

  • ELIZABETH EMANUELSON

    VICE PRESIDENT, COMMMUNICATIONS

    Total calculated
    $185,012
    From this org
    $164,346
    From related orgs
    $0
    Other
    $20,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,674
    Bonus
    $10,797
    Other
    $9,875
    Deferred
    $8,889
    Nontaxable benefits
    $11,777
    Filer's total
    $185,012

  • MOLLY DONNELLY

    PVP ADVOCACY

    Total calculated
    $180,476
    From this org
    $140,343
    From related orgs
    $0
    Other
    $40,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,307
    Bonus
    $10,797
    Other
    $3,239
    Deferred
    $11,467
    Nontaxable benefits
    $28,666
    Filer's total
    $180,476

  • KRISTEN WELLS

    SR. DIRECTOR OF BUSINESS DEVELOPMENT

    Total calculated
    $171,080
    From this org
    $128,430
    From related orgs
    $0
    Other
    $42,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,300
    Bonus
    $10,797
    Other
    $333
    Deferred
    $10,375
    Nontaxable benefits
    $32,275
    Filer's total
    $171,080

  • ALLIE ORLANDO

    DIRECTOR OF ACADEMIC AND CAREER DEV.

    Total calculated
    $129,516
    From this org
    $107,483
    From related orgs
    $0
    Other
    $22,033
    Hours/week
    40

  • AMY PITTER

    FORMER PRES/CEO/SEC/TREAS

    Total calculated
    $146,676
    From this org
    $146,676
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $146,676
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $146,676

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • EDUCATIONAL FOUNDATION OF THE MSCPA

    501(C)(3) · PROFESSIONAL EDUCATION AND SCHOLARSHIPS, GRANTS AND OTHER PROGRAMS · MA · controlled entity

    Directly controlled by MASSACHUSETTS SOCIETY OF CPA'S INC

Provenance

Return type
form_990
Tax year
2024
Filed
21 February 2026
IRS schema version
2024v5.5
Source object
202640569349301624

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