Maryland Association Of Certified Public Accountants
- Assets
- $5.9m
- Revenue
- $4.9m
- Investments
- $100.0
- Employees
- 28
- Location
- Towson, MD
- Founding
- 12/1942
- Data as of
- 06/2021
- 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 06/2021, Maryland Association Of Certified Public Accountants employed 28 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 06/2021, Maryland Association Of Certified Public Accountants generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION AND INFORMATION TO MEMBERS
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.
SELF-REGULATION - MACPA ADMINISTERS AN EXCEPTIONAL PEER REVIEW PROGRAM FOR ITS MEMBERS TO ENSURE HIGH STANDARDS ARE MET IN PROTECTING THE PUBLIC.
RULES OF ETHICAL CONDUCT - MACPA MEMBERS ADHERE TO HIGH ETHICAL STANDARDS AND AGREE TO COMPLY WITH THE LAWS AND REGULATIONS IN MARYLAND GOVERNING CERTIFIED PUBLIC ACCOUNTANTS AS WELL AS THE RULES OF ETHICAL CONDUCT SET FORTH IN THE CODE OF PROFESSIONAL CONDUCT OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, AS CURRENTLY AND SUBSEQUENTLY AMENDED.ADVERTISING & SPONSORSHIP - MACPA PARTNERS WITH BEST-IN-CLASS PROVIDERS TO OFFER OUR MEMBERS SOLUTIONS TO THEIR TECHNOLOGY, INSURANCE, AND OPERATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Thomas Hood III CEO Until February 2021 | OfficerTrustee | 45 | $368,101 |
Jacqueline Brown Coo, CEO After Feb. 2021 | Officer | 45 | $172,002 |
Francis Falatko Chief Financial Officer | Officer | 45 | $125,590 |
Pamela Devine Director, Learning & Development | 45 | $116,492 | |
William Sheridan Director Of Communications | 45 | $104,119 | |
Lexy Kessler Chair-Elect | OfficerTrustee | 1.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aicpa Cpe Provider And Learning Content | 6/29/21 | $503,564 |
Blue Ocean Ideas Brand Management Services | 6/29/21 | $763,933 |
Don Farmer Cpa Pa Speaker Fees & Content For Presentation | 6/29/21 | $276,045 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $4,335,182 |
| Investment income | $24,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,922,234 |
| 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. | $565,180 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $935,807 |
| Pension plan accruals and contributions | $96,944 |
| Other employee benefits | $43,579 |
| Payroll taxes | $99,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,658 |
| Fees for services: Accounting | $19,477 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,074 |
| Fees for services: Other | $329,323 |
| Advertising and promotion | $0 |
| Office expenses | $1,975 |
| Information technology | $205,491 |
| Royalties | $0 |
| Occupancy | $209,939 |
| Travel | $9,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,462 |
| Insurance | $22,920 |
| All other expenses | $86,740 |
| Total functional expenses | $4,140,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,959,581 |
| Savings and temporary cash investments | $1,259,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $634 |
| Prepaid expenses and deferred charges | $61,204 |
| Net Land, buildings, and equipment | $32,608 |
| Investments—publicly traded securities | $1,065,690 |
| Investments—other securities | $100 |
| Investments—program-related | $19,847 |
| Intangible assets | $0 |
| Other assets | $942,176 |
| Total assets | $5,874,281 |
| Accounts payable and accrued expenses | $699,860 |
| Grants payable | $0 |
| Deferred revenue | $505,604 |
| 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 | $430,615 |
| Other liabilities | $95,071 |
| Total liabilities | $1,731,150 |
| Net assets without donor restrictions | $4,143,131 |
| 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 | $5,874,281 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Association Of Certified Public Accountants has recieved totaling $7,350.
| Awarding Organization | Amount |
|---|---|
American Institute Of Certified Public Accountants Durham, NC PURPOSE: CONTRIBUTION | $7,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Pines Association Inc Berlin, MD | $44,855,857 | $18,056,839 |
Pipeline Research Council International Inc Chantilly, VA | $19,057,089 | $17,544,537 |
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Association For Iron And Steel Technology Warrendale, PA | $25,867,856 | $8,482,182 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Pennsylvania Municipal League Harrisburg, PA | $4,038,620 | $4,353,678 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
National Hispanic Medical Association Washington, DC | $1,336,182 | $2,970,215 |