Maryland Association Of Certified Public Accountants
- Assets
- $5.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Towson, MD
- Founding
- 12/1942
- Data as of
- 06/2023
- EIN
- 52-0702331
Organization Overview
Maryland Association Of Certified Public Accountants is located in Towson, MD. The organization was established in 1942. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Maryland Association Of Certified Public Accountants employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Association 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 06/2023, Maryland Association Of Certified Public Accountants generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LEADING AND TRANSFORMING THE CPA PROFESSION TO HELP OUR MEMBERS ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP & ADVOCACY - MACPA IS THE ONLY STATE-WIDE ORGANIZATION DEDICATED SOLELY TO ADVANCING THE CPA PROFESSION AND ADVOCATING FOR MARYLAND CPAS. MACPA REPRESENTS MARYLAND CPAS IN FRONT OF THE MARYLAND LEGISLATURE AND THE MARYLAND DEPARTMENT OF LABOR TO ENSURE THE VOICES OF MARYLAND CPAS ARE REPRESENTED AND HEARD.
PROFESSIONAL DEVELOPMENT - MACPA OFFERS WORLD-CLASS CONTINUING PROFESSIONAL EDUCATION TO ITS MEMBERS TO ENSURE THEY ARE TECHNICALLY PROFICIENT AND FUTURE READY, ENABLING THEM TO THRIVE IN A CONSTANTLY CHANGING WORLD.
ADVERTISING & SPONSORSHIP - MACPA PARTNERS WITH BEST-IN-CLASS PROVIDERS TO OFFER OUR MEMBERS SOLUTIONS TO THEIR TECHNOLOGY, INSURANCE, AND OPERATIONAL NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Eg Brown Former CEO | Officer | 15 | $210,734 |
Rebekah J Brown CEO | OfficerTrustee | 40 | $155,238 |
Francis J Falatko Jr Former CFO (thru 10/31/22) | Officer | 20 | $144,229 |
Willam D Sheridan Chief Communications Officer | 40 | $130,362 | |
Mary Beth Halpern Dir Of Technical & Regulatory | 40 | $102,044 | |
Laura A Swann CFO | Officer | 40 | $104,991 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Ocean Ideas Marketing & Tech Ser | 6/29/23 | $757,449 |
Aicpa Cpe Content | 6/29/23 | $337,314 |
Dulaney Center Business Trust Rent & Cam | 6/29/23 | $239,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $357,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,930 |
| Total Program Service Revenue | $3,329,638 |
| Investment income | $74,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,043,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $683,399 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,271 |
| Pension plan accruals and contributions | $71,870 |
| Other employee benefits | $11,135 |
| Payroll taxes | $113,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $37,653 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,860 |
| Fees for services: Other | $160,666 |
| Advertising and promotion | $0 |
| Office expenses | $3,318 |
| Information technology | $198,272 |
| Royalties | $0 |
| Occupancy | $257,365 |
| Travel | $44,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,363 |
| Insurance | $22,402 |
| All other expenses | $55,465 |
| Total functional expenses | $3,723,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,168 |
| Prepaid expenses and deferred charges | $207,437 |
| Net Land, buildings, and equipment | $26,400 |
| Investments—publicly traded securities | $3,547,609 |
| Investments—other securities | $0 |
| Investments—program-related | $16,107 |
| Intangible assets | $0 |
| Other assets | $276,809 |
| Total assets | $5,554,041 |
| Accounts payable and accrued expenses | $454,729 |
| Grants payable | $0 |
| Deferred revenue | $322,197 |
| 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 | $326,494 |
| Total liabilities | $1,103,420 |
| Net assets without donor restrictions | $4,450,621 |
| 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 | $5,554,041 |