Overview
What is Educational Foundation Of Mscpa's?
The Educational Foundation of MSCPA, situated in Boston, Massachusetts, is a nonprofit organization committed to the continuing professional education of Certified Public Accountants (CPAs) both within and outside its membership. It achieves this objective through a variety of educational programs, including seminars, conferences, in-house CPE, self-study, and webinars. The foundation's offerings cater to the state licensing requirements and help CPAs enhance their professional skills. During the COVID-19 pandemic, the foundation extended its support by offering free webinars, attracting numerous attendees. Additionally, the foundation supports the next generation of CPAs in Massachusetts by offering scholarships, grants, and awards to aspiring accounting students.
Official website here: www.masscpas.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Educational Foundation of MSCAPA has received a strong rating of 96% from Charity Navigator, reflecting its commitment to accountability and financial health. This high score is derived exclusively from its Accountability & Finance metrics, which indicates robust governance and transparency practices. The organization has demonstrated excellence in various aspects, such as maintaining a majority of independent board members and sustaining an effective audit and oversight committee.
The foundation's financial practices are noteworthy, achieving a program expense ratio of 87.75%, suggesting that a significant portion of its expenditures directly supports its mission-driven programs. Additionally, the absence of material diversion of assets and a low liabilities-to-assets ratio of 23.40% highlights the organization's sound financial management and stability. These factors contribute to the overall trustworthiness of the foundation as a nonprofit entity.
While the data reflects strong performance in governance and financial management, there are no highlighted areas of concern or limitations from the user feedback or ratings. Overall, the Educational Foundation of MSCAPA stands out as a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Foundation Of Mscpa's legitimate?
Educational Foundation Of Mscpa's is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Foundation Of Mscpa's submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.masscpas.org
What is the mission statement of Educational Foundation Of Mscpa's?
The Educational Foundation of MSCPA's primary mission is to encourage and empower the future generation of Certified Public Accountants (CPAs) in Massachusetts. This is achieved by providing continuous professional education to both MSCPA members and non-members through seminars, conferences, and various offerings. The foundation also offers scholarships, grants, and awards to motivate and support students pursuing a career in accounting. The Continuing Professional Education (CPE) program, provided by the foundation, offers a broad range of high-quality, cost-effective education, helping CPAs fulfill certification requirements and enhance their professional skills. During the COVID-19 pandemic, the foundation offered over 20 free webinars, attracting numerous attendees, to assist CPAs.
Official website here: www.masscpas.org
Who is the CEO of Educational Foundation Of Mscpa's?
Zachary Donah is the Chairman of Educational Foundation Of Mscpa's. The CEO's salary of Educational Foundation Of Mscpa's is $0 and their total compensation is $397,337.
Official website here: www.masscpas.org
What is the revenue of Educational Foundation Of Mscpa's?
Educational Foundation Of Mscpa's's revenue in 2023 was $2,334,844.
Official website here: www.masscpas.org
Who are the executives of Educational Foundation Of Mscpa's and what are their salaries?
There 12 volunteers at Educational Foundation Of Mscpa's.
Here are 13 key members and their salaries (Educational Foundation Of Mscpa's's CEO's salary is $0 and their total compensation is $397,337):
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- Related: $342,040
- Other: $55,297
Official website here: www.masscpas.org
Where can I find the form 990 for Educational Foundation Of Mscpa's?
Educational Foundation Of Mscpa's's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.masscpas.org
Learn more at the official website: www.masscpas.org
Mission Statement of Educational Foundation Of Mscpa's
The Educational Foundation of MSCPA, a nonprofit organization, is committed to inspiring and supporting the next generation of Certified Public Accountants (CPAs) in Massachusetts. Its mission is centered around fostering the continuous professional education of both MSCPA members and non-members. The foundation achieves this by offering a variety of seminars, conferences, and other educational resources, which assist individuals in fulfilling their certification requirements related to education. In addition, the foundation extends scholarships, grants, and awards to recognize and encourage students who are actively pursuing a career in accounting. The overall aim is to nurture and empower the future CPAs in Massachusetts.
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Impact
July, 2024
The Educational Foundation of MSCPA's has a significant impact on the professional development of CPAs in Massachusetts and beyond. By providing a wide range of seminars, conferences, and other educational offerings, the foundation helps CPAs fulfill certification requirements and improve their professional skills. Additionally, the foundation awards scholarships, grants, and other accolades to students pursuing a career in accounting, thus encouraging and recognizing their dedication.
Through its comprehensive CPE program, the foundation ensures that CPAs have access to high-quality, cost-effective continuing education opportunities. This not only helps CPAs stay current with state licensing requirements but also enhances their expertise in the field. The foundation's commitment to offering a variety of educational formats, including seminars, conferences, webinars, and self-study options, demonstrates its dedication to meeting the diverse learning needs of CPAs.
During the challenging times of the COVID-19 pandemic, the foundation went above and beyond by providing free webinars to support CPAs and help them navigate the changing professional landscape. This proactive response not only supported the professional development of CPAs but also fostered a sense of community and resilience within the accounting profession.
In summary, the Educational Foundation of MSCPA's plays a vital role in inspiring and supporting the next generation of CPAs in Massachusetts. Its commitment to providing accessible and relevant education opportunities not only benefits individual CPAs but also contributes to the overall strength and growth of the accounting profession.
This information is meant to be a general summary of Educational Foundation Of Mscpa's. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,642
- Program Service Revenue: $2,102,921
- Gross Receipts: $2,354,480
Assets and Liabilities:
- Total Assets: $1,503,211
- Total Liabilities: $351,842
- Net Assets: $1,151,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTINUING EDUC. FEES
Revenue
$2,096,601
REGISTRATION FEES
Revenue
$6,320
Organization Details
Founding Year
1965
Phone
(617) 556-4000Principal Officer
Zachary Donah
Main Address
105 CHAUNCY STREET 10TH FLR, BOSTON, MA, 021111726
Website
www.masscpas.orgNTEE Category
Code: B82 - Education
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