Mission Society of Enrolled Agents

“During fiscal year ending 6/30/2018 it was discovered by the Mission Society of Enrolled Agents (MSEA) that certain transactions were incorrectly classified, and that others were omitted from the official books. Upon investigation it was determined that a preivous Treasurer had improperly used funds from MSEA's bank account. The identified transactions pertinent to this tax return for the fiscal year ending 6/30/2019 break down as follows: $5,977 of uncleared expense transactions which were deducted on prior returns (reported on form 990EZ, Part 1, line 8) and $4,611 of previously unrecorded or misclassified transactions (reported on form 990EZ, line 16/Schedule O).”

“Advertising and Promotion $140”

“Office Expenses $414”

“Committee Expenses $6288”

“Event Supplies and Expenses $3908”

“Instructor Fees $3150”

“Merchant Fees $1757”

“Email List Service $840”

“Telephone $389”

“Website Expenses $375”

“Licenses and Permits $20”

“Accounts Receivable - Beginning $5458 Accounts Receivable - Ending $3270”

“Deposits - Beginning $400 Deposits - Ending $400”

“Undeposited Funds - Beginning $0 Undeposited Funds - Ending $9793”

“Accounts Payable and Accrued Expenses - Beginning $900 Accounts Payable and Accrued Expenses - Ending $1029”