Civic Intelligence

Educational Foundation of the Massachusetts Society of Certified

EIN 04-6139571 • 501(c)3 • Boston, MA

Pub. 78 Eligible

Profile

The mission of the mscpa's educational foundation is to inspire and support the next generation of cpas in massachusetts.

105 Chauncy Street 10th FlrBoston, MA 02111-1726

masscpas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.23x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

18%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,251,817

Down $332,671 (-21%) from 2024

Liabilities

Down

$238,421

Down $179,579 (-43%) from 2024

Net Assets

Down

$1,013,396

Down $153,092 (-13%) from 2024

Revenue

Down

$2,477,819

Down $136,335 (-5.2%) from 2024

Expenses

Up

$2,643,898

Up $41,913 (+1.6%) from 2024

Net Income

Down

-$166,079

Down $178,248 (-1465%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $398,741Liabilities 2010: $277,392Net Assets 2010: $121,3492010Assets 2011: $394,450Liabilities 2011: $282,922Net Assets 2011: $111,5282011Assets 2012: $357,320Liabilities 2012: $240,804Net Assets 2012: $116,5162012Assets 2013: $362,002Liabilities 2013: $241,699Net Assets 2013: $120,3032013Assets 2014: $362,078Liabilities 2014: $253,320Net Assets 2014: $108,7582014Assets 2015: $419,552Liabilities 2015: $319,754Net Assets 2015: $99,7982015Assets 2016: $391,259Liabilities 2016: $295,965Net Assets 2016: $95,2942016Assets 2017: $554,894Liabilities 2017: $447,240Net Assets 2017: $107,6542017Assets 2018: $572,330Liabilities 2018: $457,927Net Assets 2018: $114,4032018Assets 2019: $741,445Liabilities 2019: $487,862Net Assets 2019: $253,5832019Assets 2020: $658,592Liabilities 2020: $324,313Net Assets 2020: $334,2792020Assets 2021: $804,960Liabilities 2021: $315,875Net Assets 2021: $489,0852021Assets 2022: $1,277,822Liabilities 2022: $369,830Net Assets 2022: $907,9922022Assets 2023: $1,503,211Liabilities 2023: $351,842Net Assets 2023: $1,151,3692023Assets 2024: $1,584,488Liabilities 2024: $418,000Net Assets 2024: $1,166,4882024Assets 2025: $1,251,817Liabilities 2025: $238,421Net Assets 2025: $1,013,3962025

Highlighted filing

2025

Assets$1,251,817
Liabilities$238,421
Net Assets$1,013,396

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,118,2832010Expenses 2011: $2,000,1552011Expenses 2012: $1,942,8062012Revenue 2013: $1,959,496Expenses 2013: $1,955,709Net Income 2013: $3,7872013Revenue 2014: $1,974,636Expenses 2014: $1,986,181Net Income 2014: -$11,5452014Revenue 2015: $1,949,089Expenses 2015: $1,958,049Net Income 2015: -$8,9602015Revenue 2016: $1,920,317Expenses 2016: $1,924,821Net Income 2016: -$4,5042016Revenue 2017: $1,825,827Expenses 2017: $1,813,467Net Income 2017: $12,3602017Revenue 2018: $1,950,011Expenses 2018: $1,943,262Net Income 2018: $6,7492018Revenue 2019: $2,145,015Expenses 2019: $2,005,835Net Income 2019: $139,1802019Revenue 2020: $2,046,558Expenses 2020: $1,965,862Net Income 2020: $80,6962020Revenue 2021: $1,452,303Expenses 2021: $1,297,497Net Income 2021: $154,8062021Revenue 2022: $2,006,323Expenses 2022: $1,587,416Net Income 2022: $418,9072022Revenue 2023: $2,334,844Expenses 2023: $2,091,467Net Income 2023: $243,3772023Revenue 2024: $2,614,154Expenses 2024: $2,601,985Net Income 2024: $12,1692024Revenue 2025: $2,477,819Expenses 2025: $2,643,898Net Income 2025: -$166,0792025

Highlighted filing

2025

Revenue$2,477,819
Expenses$2,643,898
Net Income-$166,079

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.25$0.24$1.01$2.48$2.64$0.17
2024Detailed filing. Detailed filing data is available for this year.$1.58$0.42$1.17$2.61$2.60$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.35$1.15$2.33$2.09$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.37$0.91$2.01$1.59$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.32$0.49$1.45$1.30$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.32$0.33$2.05$1.97$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.74$0.49$0.25$2.15$2.01$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.46$0.11$1.95$1.94$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.45$0.11$1.83$1.81$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.30$0.10$1.92$1.92$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.32$0.10$1.95$1.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.25$0.11$1.97$1.99$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.24$0.12$1.96$1.96$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.24$0.12$1.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.28$0.11$2.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.28$0.12$2.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Feb 21, 2026
Return Version
2024v5.5
Gross Receipts
$2,498,964
Mission and Program Overview

Mission

The mission of the mscpa's educational foundation is to inspire and support the next generation of cpas in massachusetts.

The educational foundation of the mscpa supports the continuing professional education of members of the mscpa, as well as non-members, by providing seminars, conferences, and other offerings which assist in fulfilling the certification requirements regarding education for cpa's. In addition, the foundation provides scholarships, grants, and other awards to recognize and encourage students who are actively pursuing a career in accounting.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$148,392$408,202▲ $259,810
Savings and Temporary Cash Investments$779,800$399,722▼ $380,078
Cash and Non-Interest-Bearing Accounts$324,148$205,552▼ $118,596
Prepaid Expenses and Deferred Charges$61,540$144,449▲ $82,909
Pledges and Grants Receivable$12,400$5,025▼ $7,375
Total Assets$1,584,488$1,251,817▼ $332,671
Other Assets Total$258,208$88,867▼ $169,341
Liabilities
Deferred Revenue$172,401$211,141▲ $38,740
Accounts Payable and Accrued Expenses$63,099$22,280▼ $40,819
Grants Payable$182,500$5,000▼ $177,500
Total Liabilities$418,000$238,421▼ $179,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,119,877$960,503▼ $159,374
Net Assets With Donor Restrictions$46,611$52,893▲ $6,282
Total Net Assets Fund Balance$1,166,488$1,013,396▼ $153,092
Total Liabilities and Net Assets / Fund Balance$1,584,488$1,251,817▼ $332,671

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$88,867--
Other Securities$408,202--
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Surgent Mccoy Cpe LLCProvide Speakers & Cpe Material237 LANCASTER AVE, Devon, PA 19333$291,531
Revenue and Support

Revenue Composition

Contributions and Grants
$247,367
Program Service Revenue
$2,215,258
Investment Income
$17,674
Other Revenue
$-2,480
All Other Contributions
$233,355
Change in Net Assets
$-166,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,498,964
Revenue Not Reported on Financial Statements
$-21,145
Revenue Not Reported on Form 990
$12,987
Other Revenue Adjustments
$-21,145
Total Revenue per Audited Statements
$2,511,951
Total Revenue per Form 990
$2,477,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,460,398
Grants and Similar Amounts Paid$183,500
Total Fundraising Expense$43,157
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,195,452--$1,195,452
Fees for Services Other$765,808$291,035$43,157$1,100,000
Grants to Domestic Individuals$182,500--$182,500
All Other Expenses$60,639--$60,639
Other Expenses$27,605--$27,605
Travel$14,516--$14,516
Office Expenses$8,791--$8,791
Grants to Domestic Orgs$1,000--$1,000
Total Functional Expenses$2,309,706$291,035$43,157$2,643,898

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,665,043
Expenses per Audited Statements$2,643,898
Total Expenses per Form 990$2,643,898
Expenses Not Reported on Form 990$21,145
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,145
Fundraising Gross Income$18,665
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$32,677$18,665$2,333$16,332
Total Events$32,677$18,665$21,145$-2,480
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The foundation's members are the members of the board of directors of the massachusetts society of certified public accountants.

Form 990, Part VI, Section A, Line 7A

The foundation's members elect its board of directors.

Form 990, Part VI, Section A, Line 7B

The massachusetts society of cpa's board must approve any changes to the by-laws of the educational foundation of mscpa's.

Form 990, Part VI, Section B, Line 11B

Prior to filing form 990, the audit committee of the massachusetts society of cpa's ("society") reviewed the form 990. The committee reported to the society's board of directors and form 990 was provided to the foundation's board members.

Form 990, Part VI, Section B, Line 12C

The foundation's conflict of interest policy is reviewed annually to ensure that the policy continues to be appropriate and is updated as needed. The foundation's conflict of interest policy covers the members of the foundation's board of directors. New board members are provided a copy of the conflict of interest policy and complete a conflict of interest questionnaire. Thereafter, semi-annually the foundation's board of directors complete a conflict of interest questionnaire. Disclosure of a potential or actual conflict of interest involving directors is made to the chairman of the board (or if she or he is the one with the conflict, then to the board vice-chairman). These potential and actual conflicts of interest are discussed and resolved with the board. The person with a conflict would be recused from any related discussion.

Form 990, Part VI, Section C, Line 19

Financial statements and the articles of organization are available upon request. Generally other governing documents and conflict of interest policy are not available to the public. In addition, financial statements are attached to the ma form pc filed with the attorney general's office. This form is open to public inspection.

Filing and Contact Details

Filer

Filer Name
EDUCATIONAL FOUNDATION OF MSCPA'S
EIN
04-6139571
Phone
6175564000
Address
105 CHAUNCY STREET 10TH FLR, BOSTON, MA 02111-1726

Signing Officer

Name
Zachary Donah
Title
CEO
Phone
6175564000
Signed
2026-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Donah
Formed
1965
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Pkf Jnd Pc
Address
400 CROWN COLONY DRIVE SUITE 102, QUINCY, MA 02169
Preparer
Robert V Dandrow
Phone
6174220007
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative services reimbursed to ma society of cpa's, inc. 04-2055313: program service expenses 765,808. Management and general expenses 291,035. Fundraising expenses 43,157. Total expenses 1,100,000.

Form 990, Part XII, Line 2C

There was no change to the oversight of the year-end audit or the selection process of the independent accountant during the year.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct fundraising expenses -21,145.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 21,145.

Raw XML AppendixShowing 400 of 616 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE EDUCATIONAL FOUNDATION OF THE MSCPA SUPPORTS THE CONTINUING PROFESSIONAL EDUCATION OF MEMBERS OF THE MSCPA, AS WELL AS NON-MEMBERS, BY PROVIDING SEMINARS, CONFERENCES, AND OTHER OFFERINGS WHICH ASSIST IN FULFILLING THE CERTIFICATION REQUIREMENTS REGARDING EDUCATION FOR CPA'S. IN ADDITION, THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER AWARDS TO RECOGNIZE AND ENCOURAGE STUDENTS WHO ARE ACTIVELY PURSUING A CAREER IN ACCOUNTING.
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