Maine Society Of Certified Public Accountants
- Assets
- $696.9k
- Revenue
- $195.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, ME
- Founding
- 04/1976
- Data as of
- 05/2024
- EIN
- 01-0339969
Organization Overview
Maine Society Of Certified Public Accountants is located in Portland, ME. The organization was established in 1976. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2024, Maine Society Of Certified Public Accountants employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Society Of Certified Public Accountants is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2024, Maine Society Of Certified Public Accountants generated $195.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $211.6k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MAINE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS THE STATEWIDE PROFESSIONAL ORGANIZATION FOR CPAS IN MAINE. THE SOCIETY SERVES APPROXIMATELY 600 MEMBERS WITH PROFESSIONAL MEETINGS, EDUCATION, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS THE STATEWIDE PROFESSIONAL ORGANIZATION FOR CPAS IN MAINE. THE SOCIETY SERVES APPROXIMATELY 600 MEMBERS WITH PROFESSIONAL MEETINGS, EDUCATION, AND ADVOCACY.
THE MAINE SOCIETY OF CPAS PROVIDES PROFESSIONAL EDUCATIONAL PROGRAMMING TO NEARLY 300 CPAS PRACTICING IN THE STATE OF MAINE.
THE MAINE SOCIETY OF CPAS PROVIDED APPROXIMATELY 50 VOLUNTEER HOURS AIMED AT PROMOTING THE ACCOUNTING PROFESSION, THROUGH PARTICIPATION IN CAREER FAIRS, CLASSROOM PRESENTATIONS, JUNIOR ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stone President | OfficerTrustee | 1 | $0 |
Spencer Hathaway Treasurer | OfficerTrustee | 1 | $0 |
Heather Perreault Secretary | OfficerTrustee | 1 | $0 |
David Barrett Governor | Trustee | 1 | $0 |
Barbara Belik President-Elect | OfficerTrustee | 1 | $0 |
Jake Black Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105,959 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,159 |
| Total Program Service Revenue | $43,223 |
| Investment income | $15,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,771 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $1,604 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,350 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,638 |
| Office expenses | $2,822 |
| Information technology | $3,691 |
| Royalties | $0 |
| Occupancy | $152 |
| Travel | $2,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,328 |
| Insurance | $2,124 |
| All other expenses | $0 |
| Total functional expenses | $211,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,015 |
| Savings and temporary cash investments | $71,364 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,426 |
| Investments—publicly traded securities | $573,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $696,900 |
| Accounts payable and accrued expenses | $12,671 |
| Grants payable | $0 |
| Deferred revenue | $52,270 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,941 |
| Net assets without donor restrictions | $631,959 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $696,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Husson University Bangor, ME | $150,282,751 | $86,528,834 |
Maine College Of Health Professions Lewiston, ME | $8,546,985 | $5,250,072 |
Faith School Of Theology Charleston, ME | $3,781,923 | $1,598,096 |
Upper Valley Graduate School Of Education Lebanon, NH | $14,499 | $224,194 |
Maine Society Of Certified Public Accountants Portland, ME | $696,900 | $195,271 |
Association Of Medical Directors Of Information Systems Keene, NH | $494,995 | $0 |