Maine Association Of Professional Accountants is located in Windham, ME. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Association Of Professional 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 06/2024, Maine Association Of Professional Accountants generated $85.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $114.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION RUNS TAX SEMINARS TO EDUCATE BOTH MEMBERS AND NON-MEMBERS THROUGHOUT THE STATE WHERE HUNDREDS OF PEOPLE ATTEND AND INCREASE THEIR KNOWLEDGE RELATED TO NEW AND EXISTING TAX LAW.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Dupont EA Director | 0.5 | $0 | |
Marcus Mcallister EA Director | 0.5 | $0 | |
Kevin Brunelle CPA Director | 0.5 | $0 | |
Nicole Cyr EA Director | 0.5 | $0 | |
Nancy Gerber CPA Director | 0.5 | $0 | |
Karen Dan EA Director | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $286 |
| Total Program Service Revenue | $72,560 |
| Membership dues | $7,065 |
| Investment income | $6,213 |
| Gain or Loss | -$344 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,780 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,000 |
| Professional fees and other payments to independent contractors | $3,950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $107,453 |
| Total expenses | $114,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,960 |
| Other assets | $0 |
| Total assets | $317,766 |
| Total liabilities | $0 |
| Net assets or fund balances | $317,766 |