2025-08-15T07:37:59-05:00 2025-03-31 621036705 MAGGART & ASSOCIATES PC 1201 DEMONBREUN ST STE 1220 NASHVILLE TN 372033140 990 2024-04-01 620636194 TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS TENN 6153773825 201 POWELL PLACE BRENTWOOD TN 37027 KARA N FITZGERALD PRESIDENT/CEO 6153773825 2025-08-15 1 0 MICHAEL T MAGGART P00900539 6152526100 2024 2025-03-06 01:10:19Z KARA N FITZGERALD 201 POWELL PLACE BRENTWOOD TN 37027 3460892 0 X WWW.TSCPA.COM X 1924 TN THE MISSION OF THE TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS TO DRIVE THE SUCCESS OF OUR MEMBERS AND THE COMMUNITIES THEY SERVE THROUGH CONNECTIONS, PROFESSIONAL DEVELOPMENT AND ADVOCACY. 113 113 21 500 37534 0 0 0 2965028 3075111 83681 107457 227484 275121 3276193 3457689 4900 1150 0 0 1992436 2136025 0 0 0 1516366 1518029 3513702 3655204 -237509 -197515 3850298 3722964 925065 929679 2925233 2793285 THE MISSION OF THE TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (TSCPA) IS TO DRIVE THE SUCCESS OF OUR MEMBERS AND THE COMMUNITIES THEY SERVE THROUGH CONNECTIONS, PROFESSIONAL DEVELOPMENT AND ADVOCACY. 0 0 THE TSCPA PROVIDES ASSISTANCE TO CONTINUING EDUCATION PROGRAMS WHICH PROVIDES THE NEEDED CONTINUING EDUCATION COURSES FOR THE SOCIETY'S MEMBERS ATTENDING THE DIFFERENT COURSES OFFERED. IN ADDITION, THE SOCIETY ALSO PROVIDES MEMBER SERVICES TO ITS MEMBERS THROUGH PUBLICATIONS, NEWSLETTERS, COMMITTEE MEETINGS, AND ANNUAL CONVENTION OF MEMBERS. IT ALSO PROVIDES QUALITY ASSURANCE REVIEW SERVICES TO MANY MEMBER AND NON MEMBER FIRMS THROUGH THE PEER REVIEW PROGRAM. 0 0 0 1 0 0 0 0 1 1 0 0 0 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 1 1 1 0 1 20 0 21 1 1 1 0 0 0 0 0 0 0 X 113 113 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X KARA N FITZGERALD 6153773825 201 POWELL PLACE BRENTWOOD TN 37027 JONATHAN BAILEY PAST-CHAIR 1.00 X 0 0 0 KELLY CROW CHAIR 1.00 X 0 0 0 HEATHER BATSON CHAIR-ELECT 1.00 X 0 0 0 GINA PRUITT TREASURER 1.00 X 0 0 0 RICHARD HILL DIRECTOR 1.00 X 0 0 0 JENNEEN REED DIRECTOR 1.00 X 0 0 0 DIMETA SMITH KNIGHT DIRECTOR 1.00 X 0 0 0 KEITH O'CONNOR DIRECTOR 1.00 X 0 0 0 MARILYN YOUNG DIRECTOR 1.00 X 0 0 0 COURTNEY BACH DIRECTOR 1.00 X 0 0 0 STEPHANIE FOWLER DIRECTOR 1.00 X 0 0 0 ANDREA MEINARDI DIRECTOR 1.00 X 0 0 0 KARA N FITZGERALD PRESIDENT/CEO 35.00 5.00 X 352449 0 24200 KATHRYN B CHEEK CHIEF OPERATING OFFICER 32.00 8.00 X 152405 0 13446 JUSTIN J STEELE DIR OF PROF DEVELOPMENT 1.00 39.00 X 122876 0 1200 ALESHIA D GARRETT DIR OF COMMUNICATIONS & TE 22.00 18.00 X 108200 0 4053 MICHAEL LINDER TECHNOLOGY PROJECT MANAGER 32.00 8.00 X 100391 0 0 ALDEN WARD DIR OF MEMBERSHIP ENGAGEMENT 40.00 0.00 X 121123 0 2594 957444 0 45493 6 0 1 0 0 MEMBERSHIP DUES 541900 1596550 1596550 CONTINUING EDUCATION 541900 1029201 1029201 PEER REVIEW 541900 223258 223258 TN CPA JOURNAL 541900 126102 88568 37534 ANNUAL MEETINGS 541900 100000 100000 3075111 108634 108634 72674 72674 97978 0 97978 97978 97978 2026 2569 634 -543 -634 -1177 -1177 ADVERTISING-ED&MEM FOU 541800 82809 82809 MISCELLANEOUS 541900 21660 21660 104469 3457689 3312698 37534 107457 1150 329000 1384802 148195 141401 132627 22287 56750 12788 51073 73517 240655 152970 78257 207361 107772 59889 PEER REVIEW 208927 READERSHIP COSTS 177574 BANK CHARGES 45829 COMMITTEES 21739 641 3655204 100 100 221646 257044 166352 196592 104705 73609 3988209 2399217 1559725 1588992 1784021 1606627 13749 0 3850298 3722964 58160 153384 536079 536208 330826 240087 925065 929679 X 2925233 2793285 2925233 2793285 3850298 3722964 -197515 65566 0 X 0 1 X 1 0 0 0 0 1658550 56750 -118905 -62155 82928 -145083 ADDITIONAL INFORMATION THE ORGANIZATION IS INVOLVED IN VARIOUS LOBBYING ACTIVITIES FOR THE BENEFIT OF THE MEMBERS AND THE ACCOUNTING PROFESSION. 1722074 28900 0 1750974 1794374 47700 120000 1722074 1754999 174375 135000 1794374 1601626 287952 134579 1754999 1452518 264108 115000 1601626 0.04570 0.89520 0.05910 0 1 1 383640 383640 2576837 1598955 977882 952732 800262 152470 75000 75000 1588992 DUES PAYABLE TO CHAPTERS 79689 OTHER 10398 DEFERRED COMPENSATION 150000 240087 X PART V, LINE 4: TSCPA'S AFFILIATE, THE EDUCATIONAL & MEMORIAL FOUNDATION OF THE TSCPA (EMF), MAINTAINS THE ENDOWMENT FUNDS. THE EMF HAS ESTABLISHED ENDOWMENT FUNDS TO ENSURE THE OBSERVANCE OF LIMITATIONS AND RESTRICTIONS PLACED ON THE USE OF CONTRIBUTIONS AND SUPPORT OF THE EMF. GENERALLY THE EARNINGS ON THE PERMANENTLY INVESTED FUNDS ARE RECORDED AS UNRESTRICTED SINCE THEY FUND THE CURRENT SCHOLARSHIP AWARDS. EARNINGS FROM ENDOWMENT FUNDS, ALONG WITH OTHER LIFE ASSOCIATE CONTRIBUTIONS NOT OTHERWISE RESTRICTED, ARE USED TO SUPPORT ANNUAL SCHOLARSHIPS TO DESERVING ACCOUNTING STUDENTS. THE EMF'S TRUSTEES, WITH ASSISTANCE FROM THE SOCIETY'S SCHOLARSHIP COMMITTEE, DETERMINE THE RECIPIENTS OF THE SCHOLARSHIPS AND OTHER AWARDS. PART X, LINE 2: THE SOCIETY AND THE AFFILIATED LOCAL CHAPTERS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, WITH THE EXCEPTION OF TAXES ON UNRELATED BUSINESS INCOME ACTIVITY. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WITH THE EXCEPTION OF TAXES ON UNRELATED BUSINESS INCOME ACTIVITY. THE SOCIETY AND THE AFFILIATED LOCAL CHAPTERS AND FOUNDATION ARE TAXABLE FOR STATE EXCISE TAXES RELATED TO UNRELATED BUSINESS INCOME ACTIVITY. THE TSCPA FOLLOWS FASB ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE TSCPA EVALUATES THE TAX POSITIONS TAKEN ON TAX FILINGS AND CONSULTS WITH OUTSIDE PROFESSIONALS IN EVALUATING THE LIKELIHOOD OF UNFAVORABLE RESULTS FROM ANY SUCH TAX POSITIONS. THE TSCPA HAS DETERMINED FASB ASC 740 HAS NO MATERIAL EFFECT ON THE FINANCIAL STATEMENTS DUE TO THE MINIMAL NATURE OF THE PRESENT LEVEL OF UNRELATED BUSINESS INCOME. X 1 1 X X X X X 0 0 0 KARA N FITZGERALD PRESIDENT/CEO 352449 0 0 0 0 0 23000 0 1200 0 376649 0 0 0 KATHRYN B CHEEK CHIEF OPERATING OFFICER 152405 0 0 0 0 0 12246 0 1200 0 165851 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A AUTHORITY DELEGATED TO COMMITTEE EXPLANATION BYLAW 3.2 - BETWEEN MEETINGS OF THE COUNCIL, THE ACTIVITIES OF THE SOCIETY SHALL BE DIRECTED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL ACT AS THE EXECUTIVE COMMITTEE OF THE COUNCIL, AND SHALL EXERCISE ALL POWERS OF COUNCIL EXCEPT THOSE RESERVED TO COUNCIL IN THESE BYLAWS OR BY RESOLUTIONS OF THE COUNCIL. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERSHIP IN THE SOCIETY MAY BE FELLOW, PROVISIONAL, EMERGING PROFESSIONAL, STUDENT, LIFE, AFFILIATE, AND HONORARY. OTHER MEMBERSHIP CLASSIFICATIONS MAY BE ESTABLISHED BY THE COUNCIL FOR IDENTIFYING AREAS AND TYPES OF PRACTICE AND EXPERTISE. FORM 990, PART VI, SECTION A, LINE 7A EVERY FELLOW AND LIFE MEMBER SHALL BE ENTITLED TO VOTE IN PERSON, WHEN IN ATTENDANCE, UPON ALL QUESTIONS BROUGHT BEFORE DULY CALLED MEETINGS OF THE SOCIETY, AND BY MAIL BALLOT ON PROPOSED AMENDMENTS TO THESE BY-LAWS AND UPON PROPOSED RESOLUTIONS OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS CERTAIN DECISIONS, SUCH AS THE APPROVAL OF BY-LAW AMENDMENTS, ARE REQUIRED TO BE VOTED ON AND APPROVED BY THE MEMBERSHIP. HOWEVER, MOST DECISIONS ARE MADE BY THE GOVERNING BODY AND DO NOT REQUIRE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990. FORM 990 IS PRESENTED TO AND REVIEWED BY TSCPA MANAGEMENT, THE BOARD CHAIRPERSON, THE AUDIT COMMITTEE, AND THE TREASURER PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES SIGNED CONFLICT OF INTEREST STATEMENTS ANNUALLY FROM THE TSCPA BOARD OF DIRECTORS AND THE CHAPTER OFFICERS AND BOARD MEMBERS. THE ORGANIZATION CONVEYS AN AWARENESS TO AVOID ALL CONFLICTS OF INTEREST AND APPEARANCES OF A CONFLICT OF INTEREST. CONFLICTS OF INTEREST INCLUDE, BUT ARE NOT LIMITED TO, TRANSACTIONS BETWEEN VENDORS OR BUSINESSES AND THE ORGANIZATIONS'S DIRECTORS, OFFICERS, EMPLOYEES, BOARD MEMBERS OR FAMILIES OF ANY OF THESE PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL COMPENSATION IS DETERMINED BY A PERSONNEL COMMITTEE THAT IS APPOINTED BY THE CHAIR FOLLOWING EVALUATION OF JOB PERFORMANCE AND A REVIEW OF COMPARATIVE COMPENSATION PACKAGES FOR OTHER STATE ASSOCIATIONS. TOTAL BUDGETED STAFF COMPENSATION IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, BOARD OF DIRECTORS, AND COUNCIL. FORM 990, PART VI, LINE 15B: COMPENSATION PROCESS FOR OFFICERS COMPENSATION IS DETERMINED BY A PERSONNEL COMMITTEE THAT IS APPOINTED BY THE CHAIR. TOTAL BUDGETED STAFF COMPENSATION IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, BOARD OF DIRECTORS, AND COUNCIL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, SCHEDULE D, PART V, LINE 1-2: THE ORGANIZATION PRESENTS THE ENDOWMENT FUNDS FOR THE CURRENT AND PAST FOUR YEARS IN ITS TAX RETURN TO COINCIDE WITH THE FINANCIAL STATEMENT DISCLOSURE ASSOCIATED WITH THE ENDOWMENT FUNDS CONTAINED WITHIN THE AUDITED FINANCIAL STATEMENTS. EDUCATIONAL & MEMORIAL FOUNDATION OF TENNESSEE SOCIETY OF CPAS 201 POWELL PLACE BRENTWOOOD TN 37027 620854743 EDUCATION TN 501C3 10 TENNESSEE 1 TSCPA GROUP (CHAPTERS) 201 POWELL PLACE BRENTWOOOD TN 37027 237415944 CHAPTERS TN 501C6 TENNESSEE 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 EDUCATIONAL & MEMORIAL FOUNDATION N 62000 EDUCATIONAL & MEMORIAL FOUNDATION B 900 EDUCATIONAL & MEMORIAL FOUNDATION L 1029201 EDUCATIONAL & MEMORIAL FOUNDATION R 10398 TSCPA GROUP (CHAPTERS) R 79689 EDUCATIONAL & MEMORIAL FOUNDATION S 96595 EDUCATIONAL & MEMORIAL FOUNDATION J 19680