2024-02-12T09:21:53-06:00 2023-03-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-04-01 060762300 Connecticut Society of Certified Public Accountants Inc CONN 8602584800 716 Brook Street 100 Rocky Hill CT 060673433 Bonnie Stewart Executive Director 8602584800 2024-02-06 1 Bonnie Stewart XXX-XX-XXXX 1 Yong Zhang CPA P01249785 7038930300 2024-01-30 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Bonnie Stewart 716 Brook Street 100 Rocky Hill CT 060673433 2788369 0 X www.ctcpas.org X 1908 CT The mission of the CTCPA is to be the professional association in CT that promotes and supports state CPAs through advocacy, community and education. 6 6 14 1060 37196 0 82615 310235 2461880 2405603 67058 32007 18579 28044 2630132 2775889 0 0 0 0 1040696 1100864 0 0 0 1366737 1348406 2407433 2449270 222699 326619 2522074 2670383 684934 568106 1837140 2102277 To promote, advance and help preserve professional standards of conduct within the field of public accounting in the state of Connecticut. 0 0 Advocacy - to protect the certified public accounting profession from adverse legislation and regulation and to uphold the public interest in transparent financial reporting. The CTCPA interacts with such groups as the Connecticut General Assembly, Connecticut Department of Revenue Services, Connecticut Department of Banking, Internal Revenue Service, Department of Labor, State Board of Accountancy, Department of Consumer Protection, Financial Accounting Standards Board and Governmental Accounting Standards Board. Serving 6,080 members. Community - to provide a home for CPAs in public accounting, private industry, education, and government to meet, discuss, and address enhancing professional quality in a changing environment. The CTCPA provides opportunities for social interaction between CPAs, with associated professions, and with relevant regulatory agencies. Serving 6,080 members. Education - licensed CPAs are required by law to obtain 40 hours of continuing professional education (CPE) each year. As professional standards, tax laws, and business practices change, the CPA must continually work to stay current. The CTCPA provides in-person and on-line continuing professional education and administers the Connecticut Peer Review Program. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 14 1 1 1 0 0 0 1 1 0 0 0 X 6 6 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X Bonnie Stewart 8602584800 716 Brook Street 100 Rocky Hill CT 060673433 Michael Maksymiw Chair 1.00 X X 0 0 0 Timothy Hedley Chair-Elect 1.00 X X 0 0 0 Kevin Lawlor Treasurer 1.00 X X 0 0 0 Mary Manfredi Secretary 1.00 X X 0 0 0 Muhammed Malloy Member-At-Large 1.00 X 0 0 0 Karen Zeilnhofer Member-At-Large 1.00 X 0 0 0 Carrie Zimyeski Member-At-Large 1.00 X 0 0 0 Christopher King Member-At-Large 1.00 X 0 0 0 James Norton Advisory Council Chair 1.00 X 0 0 0 Bonnie Stewart CEO/Exec Director 37.50 X 221732 0 26962 Lisa Bugryn CPE Director 37.50 X 100987 0 5984 322719 0 32946 2 0 1 0 Don Farmer CPA PA 508 Mulberry Street SW PO box Lenoir NC 28645 CPE Provider 130953 Lori Street 210 Heritage Lane Carmel IN 46032 CFO and Accounting 121465 2 305235 5000 310235 Conferences & CPE 611600 1220123 1167883 52240 Membership Dues 541900 1148284 1148284 Advertising 541800 37196 37196 2405603 44487 44487 16530 16530 12480 -12480 -12480 -12480 Other Income 900099 11514 11514 11514 2775889 2327681 37196 100777 248694 704365 43506 31171 73128 147470 58758 137232 21397 71518 163490 204957 51728 288130 32697 Professional developmen 121252 Magazine Expenses 29522 Member Services 9510 Dues and memberships 7206 3539 2449270 1164269 697349 133638 300 24243 12629 20536 35730 542752 474007 86224 68745 1074470 1610050 18694 245580 2522074 2670383 174289 140147 255553 194086 223352 0 31740 233873 684934 568106 X 1837140 2102277 1837140 2102277 2522074 2670383 326619 -61482 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 1148284 72001 -129354 -57353 22966 -80319 124184 124184 0 304957 287371 17586 113611 62452 51159 68745 Security deposits 18294 Right-of-use asset - operating lease 227286 245580 Due to Affiliates 805 Lease liability - operating lease 233068 233873 X Part X, Line 2: The CTCPA is recognized as a tax-exempt organization under IRC Section 501(c)(6), and is exempt from income taxes except for taxes on unrelated business activities. No tax expense is recorded in the accompanying consolidated financial statements, as there was no significant net unrelated business taxable income. Management has evaluated the CTCPA's and the Foundation's tax positions and concluded that the consolidated financial statements do not include any uncertain tax positions. X X X 0 0 0 Bonnie Stewart CEO/Exec Director 204410 0 15000 0 2322 0 14231 0 12731 0 248694 0 0 0 Form 990, Part VI, Section A, line 7a The CTCPA is a nonstock organization that has members who, in certain circumstances, have the right to nominate and vote on (at CTCPA's annual meeting) candidates to sit on the governing board. Form 990, Part VI, Section A, line 7b Changes to CTCPA'S bylaws require approval of the membership. Form 990, Part VI, Section A, line 8b During the tax year, there were no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The form 990 review is a regular agenda item at a Board of Directors meeting and is reviewed by the audit committee prior to going to the Board of Directors. The Board of Directors reviews the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy is reviewed annually and signed by the board members, ethic committee members, and peer review committee members. The CTCPA bylaws specify the Roberts Rules of Order use. The CTCPA requires anyone who needs to recuse themselves due to a conflict physically leave the room or virtual platform during the discussions and not return until after the matter has been decided. The CTCPA's bylaws specify that any member of these bodies who knowingly fails to disclose a possible or actual conflict of interest must be brought before the Board of Directors. If, after hearing from the member and any further investigative work needed, the Board determines the member, in fact, knowingly failed to disclose the conflict of interest, the Board will take appropriate disciplinary and corrective measures. Form 990, Part VI, Section B, line 15a The Board of Directors approves the written full-time employment agreement of the Executive Director. The contract is for three years and the last pay review was in April 2023. During the fiscal year 2023, the Executive Director received a bonus rather than a wage adjustment. No review process for officer level compensation took place during the fiscal year because there were no officer level compensation changes from the prior year. When raises occur, they are based merit and the wage adjustment pool is approved by the Board of Directors as part of the budget process. Form 990, Part VI, Section C, line 19 The CTCPA's governing documents, financial statements, and Conflict of Interest Policy are available upon request. Form 990, Part XII, Line 2c No changes from prior year.