EDUCATIONAL FOUNDATION OF MSCPA'S

EIN: 046139571 501(c)(3)

BOSTON, MA

Total Revenue
$2,477,819
Total Expenses
$2,643,898
Total Assets
$1,251,817
Net Assets
$1,013,396
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MA
Principal Officer
ZACHARY DONAH
Phone
6175564000
Tax Period
2024-05-01 to 2025-04-30

EDUCATIONAL FOUNDATION OF MSCPA'S, founded in 1965, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

THE MISSION OF THE MSCPA'S EDUCATIONAL FOUNDATION IS TO INSPIRE AND SUPPORT THE NEXT GENERATION OF CPAS IN MASSACHUSETTS.

Program Service Accomplishments

Program 1
Expenses: $1,891,846 Revenue: $2,203,418

THE CPE PROGRAM PROVIDES A BROAD RANGE OF HIGH-QUALITY, COST EFFECTIVE CONTINUING EDUCATION THAT ASSISTS CPAS IN MEETING STATE LICENSING REQUIREMENTS AND IMPROVING THEIR PROFESSIONAL SKILLS. THE...

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THE CPE PROGRAM PROVIDES A BROAD RANGE OF HIGH-QUALITY, COST EFFECTIVE CONTINUING EDUCATION THAT ASSISTS CPAS IN MEETING STATE LICENSING REQUIREMENTS AND IMPROVING THEIR PROFESSIONAL SKILLS. THE PROGRAM ACCOMPLISHES THIS THROUGH OUR SEMINARS, CONFERENCES, IN-HOUSE CPE, SELF STUDY AND WEBINARS. THE CPE PROGRAM OFFERS OVER 175 SEMINARS, 10 CONFERENCES, 4 INFOSHARES AND OVER 5,000 WEBINARS DONE IN BOTH LIVE AND VIRTUAL FORMATS. IN ADDITION, THE SOCIETY OFFERS 20 FREE CPE PROGRAMS, SO THEIR MEMBERS CAN EARN UP TO 20 CPE CREDITS AT NO ADDITIONAL COST.

Program 2
Expenses: $417,860 Revenue: $11,840

THE EDUCATIONAL FOUNDATION GRANTS PROGRAM AWARDED 48 SCHOLARSHIPS TOTALING $183,500 TO ASSIST STUDENTS IN THE PURSUIT OF AN ACCOUNTING DEGREE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $247,367
Program Service Revenue $2,215,258
Investment Income $17,674
Other Revenue $-2,480
TOTAL REVENUE $2,477,819

Expense Breakdown

Grants Paid $183,500
Salaries & Benefits $0
Fundraising Expenses $43,157
Program Expenses $2,309,706
Other Expenses $2,460,398
TOTAL EXPENSES $2,643,898

Year-over-Year Comparison

2024 2023 Change
Revenue $2,477,819 $2,614,154 -0.1%
Expenses $2,643,898 $2,601,985 +0.0%
Net Income $-166,079 $12,169 -14.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$294,329
Total Directors
14
$294,329
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT S MILLER CHAIRPERSON 0.50
Officer Director
$0 $0 $0
ZACHARY M DONAH TREASURER/SECRETARY 2.00
Officer Director
$0 $33,658 $294,329
JAMES CHRISTENSON DIRECTOR 0.50
Director
$0 $0 $0
MARQUIS D COOPER DIRECTOR 0.50
Director
$0 $0 $0
SHANIKWA D DAVIS DIRECTOR 0.50
Director
$0 $0 $0
SOPHIA R ELTON DIRECTOR 0.50
Director
$0 $0 $0
GABRIEL FERNANDEZ DIRECTOR 0.50
Director
$0 $0 $0
SANTIAGO A FERNANDEZ-SUAREZ DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM D MAHONEY DIRECTOR 0.50
Director
$0 $0 $0
JOHN M MICALIZZI DIRECTOR 0.50
Director
$0 $0 $0
AMY K PHELAN DIRECTOR 0.50
Director
$0 $0 $0
AMY A PITTER DIRECTOR 0.00
$0 $0 $146,676
MARY-JOAN P POTVIN DIRECTOR 0.50
Director
$0 $0 $0
MELISSA J SAWYER DIRECTOR 0.50
Director
$0 $0 $0
KERRY A STAKEM DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,477,819 $2,643,898 $1,251,817 $-166,079
2024 $2,614,154 $2,601,985 $1,584,488 $12,169
2023 $2,334,844 $2,091,467 $1,503,211 $243,377
2022 $2,006,323 $1,587,416 $1,277,822 $418,907
2021 $1,452,303 $1,297,497 $804,960 $154,806
2020 $2,046,558 $1,965,862 $658,592 $80,696
2019 $2,145,015 $2,005,835 $741,445 $139,180
2018 $1,950,011 $1,943,262 $572,330 $6,749
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