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Nonprofit · EIN 41-0783480

MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

Also known as Minnesota Society of Certified Public Accountants (Southern Chapter)

Tax-exempt · BLOOMINGTON, MN 55431

Financials

$6.1M$6.3M2023$5.9M$5.7M2024
Revenue Expenses · by fiscal year end
Financials of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$5,935,019$5,665,252$269,767$10,731,870$3,640,019$7,091,851
March 31, 2024990$6,090,529$6,263,241-$172,712$10,458,072$3,672,931$6,785,141
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$5,445,254
Investment income
$308,830
Net rental income
$824
Net gain from sales of assets
$62,241
Other revenue
$180,935

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$454,173
Other salaries and wages
$1,740,271
Salaries, compensation and benefits (total)
$2,672,777
Professional fundraising fees
$0
Accounting fees
$27,500
Occupancy
$292,610
Travel
$21,584
Depreciation
$217,773

Balance sheet and other

Total assets, start of year
$10,458,072
Total assets, end of year
$10,731,870
Total liabilities, end of year
$3,640,019
Net assets, end of year
$7,091,851
Land, buildings and equipment
$832,123
Publicly traded securities
$6,354,533
Net assets without donor restrictions
$7,091,851
Gross unrelated business income
$85,408
Gross receipts
$7,522,065
Employees
32
Volunteers
867
Year formed
1904
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LINDA WEDULPRESIDENT AN
Officer
40$231,103$50,457
FAYE HAYHURSTDIR. OF FINA
Officer
40$153,826$26,714
GENO FRAGNITODIR. OF GOVE
Highest-paid employee
40$144,317$28,061
LYNN KLETSCHERDIR. OF EDUC
Highest-paid employee
40$146,319$14,843
STEPHANIE SCHMIDTDIR OF MEMB
Highest-paid employee
40$124,021$29,639
DAVID MASTELIT MANAGER
Highest-paid employee
40$104,140$33,155
MISTY GARRICKDIGITAL MANA
Highest-paid employee
40$114,462$19,067
WARREN BOSTROMCHAIR
Trustee or director, Officer
2$2,000$0
ERIC O'LINKCHAIR ELECT
Trustee or director, Officer
2$0$0
SHAUNA ZWARTVICE CHAIR
Trustee or director, Officer
2$0$0
KARA HANSONTREASURER
Trustee or director, Officer
2$0$0
SARA DEROOSECRETARY
Trustee or director, Officer
2$0$0
ROBERT CEDERGRENPAST CHAIR
Trustee or director
2$0$0
ANN BRADERDIRECTOR
Trustee or director
2$0$0
DAVID BRAUERDIRECTOR
Trustee or director
2$0$0
8 more people on this return
NameTitleHours / weekCompensation
CRAIG CHILCOTEDIRECTOR
Trustee or director
2$0
JERRY LEEDIRECTOR
Trustee or director
2$0
TREVOR LONGDIRECTOR
Trustee or director
2$0
LISA MILLERDIRECTOR
Trustee or director
2$0
BEN SCHLAUDERAFFDIRECTOR
Trustee or director
2$0
MATT SVENDSENDIRECTOR
Trustee or director
2$0
JEN TINGLEYDIRECTOR
Trustee or director
2$0
CINDY WRECZADIRECTOR
Trustee or director
2$0
990 for the year ended March 31, 2024: 23 people
NameTitleHours / weekCompensationOther / benefits
LINDA WEDULPRESIDENT AN
Officer
40$269,418$50,009
FAYE HAYHURSTDIR. OF FINA
Officer
40$148,636$27,269
GENO FRAGNITODIR. OF GOVE
Highest-paid employee
40$144,651$25,238
LYNN KLETSCHERDIR. OF EDUC
Highest-paid employee
40$141,353$14,739
STEPHANIE SCHMIDTDIR OF MEMB
Highest-paid employee
40$121,525$29,174
DAVID MASTELIT MANAGER
Highest-paid employee
40$100,750$24,016
MISTY GARRICKDIGITAL MANA
Highest-paid employee
40$100,852$19,829
JEROME REUTZELDIRECTOR
Trustee or director
2$5,650$0
WARREN BOSTROMCHAIR ELECT
Trustee or director, Officer
2$1,850$0
ROBERT CEDERGRENCHAIR
Trustee or director, Officer
2$0$0
STEPHANIE MARKERTVICE CHAIR
Trustee or director, Officer
2$0$0
KARA HANSONTREASURER
Trustee or director, Officer
2$0$0
MATT SVENDSENSECRETARY
Trustee or director, Officer
2$0$0
CHARLES ESLERPAST CHAIR
Trustee or director
2$0$0
ANN BRADERDIRECTOR
Trustee or director
2$0$0
DAVID BRAUERDIRECTOR
Trustee or director
2$0$0
CRAIG CHILCOTEDIRECTOR
Trustee or director
2$0$0
SARA DEROODIRECTOR
Trustee or director
2$0$0
JERRY LEEDIRECTOR
Trustee or director
2$0$0
TREVOR LONGDIRECTOR
Trustee or director
2$0$0
LISA MILLERDIRECTOR
Trustee or director
2$0$0
ERIC O'LINKDIRECTOR
Trustee or director
2$0$0
SHAUNA ZWARTDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1650 W 82ND ST STE 600, BLOOMINGTON, MN 55431-1458
Mailing address (990-N for 2009)
150 Morris Hall, Mankato MN 56001
Principal officer (990 for 2024)
LINDA WEDUL, 1650 WEST 82ND STREET SUITE 600, BLOOMINGTON, MN 55431
Principal officer (990-N for 2009)
Byron Pike Treasurer, 150 Morris Hall, Mankato MN 56001
Signed the 990
LINDA WEDUL, PRESIDENT AND CEO
Phone
(952) 831-2707
Return prepared by
BOYUM & BARENSCHEER PLLP

Mission

THE PURPOSE OF THE SOCIETY IS TO ELEVATE MEMBERS' IMPACT BY FOSTERING INTEGRITY, PROFESSIONAL GROWTH, AND CONNECTION, WHILE ADVOCATING FOR THE PROFESSION.

990 for the year ended March 31, 2025

Program accomplishments

  • EDUCATIONAL ACTIVITIES ENABLE MEMBERS AND NONMEMBERS TO MEET REGULATORY REQUIREMENTS, ENHANCE PERSONAL DEVELOPMENT, AND INCREASE KNOWLEDGE TO MEET THE NEEDS OF THE FINANCIAL AND BUSINESS COMMUNITY. ACTIVITIES INCLUDE LIVE SEMINARS, CONFERENCES, WEBINARS, AND ONSITE EDUCATION AND SALE OF SELF- STUDY PRODUCTS.
  • MEMBERSHIP ACTIVITIES PROVIDED MORE THAN 7500 MEMBERS WITH OPPORTUNITIES FOR EDUCATION, PROFESSIONAL NETWORKING, CAREER ADVANCEMENT, AND PROMOTION OF THE CPA PROFESSION.
  • COMMUNICATION ACTIVITIES INCLUDED THE PUBLICATION OF THE FOOTNOTE, THE MNCPA'S MAGAZINE FOR MEMBERS, PUBLICATION OF ELECTRONIC NEWSLETTERS, DEVELOPMENT AND MAINTENANCE OF THE MNCPA'S WEBSITE, WHICH DELIVERS INFORMATION TO THE GENERAL PUBLIC AS WELL AS ADDITIONAL CONTENT AND RESOURCES FOR MEMBERS, TRAINING FOR MEMBERS SPEAKING ON BEHALF OF THE CPA PROFESSION, AND THE DISTRIBUTION OF PROFESSION-RELATED PRESS RELEASES TO VARIOUS MEDIA OUTLETS. GOVERNMENT RELATIONS ACTIVITIES PROMOTED CPA INVOLVEMENT IN AND INFLUENCE ON THE POLITICAL PROCESS IN THE STATE OF MINNESOTA AND WITH MINNESOTA'S CONGRESSIONAL DELEGATION IN WASHINGTON. PROFESSIONAL STANDARDS ACTIVITIES INCLUDED ADMINISTRATION OF A PEER REVIEW PROGRAM, AND COORDINATION OF AN ETHICS PROGRAM TO ADDRESS COMPLAINTS AGAINST MEMBERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
41-0783480
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1981
Accounting year ends
March
Files
Form 990 or 990-EZ
Group exemption
8020 (3 member organizations)
Assets (IRS master file)
$10,731,870
Income (IRS master file)
$7,522,065

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$5,935,019$5,665,252$10,731,870XML
990March 2024$6,090,529$6,263,241$10,458,072XML
990March 2023$5,898,200$6,005,655$10,479,742IRS
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS
990-N for 2009
Officer: Byron Pike Treasurer
March 31, 2010≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0783480).

Questions about MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

What is the EIN of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS?
The employer identification number (EIN) of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS is 41-0783480.
Is MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1981.
Are donations to MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS?
The 990 for the year ended March 31, 2025 names LINDA WEDUL.
Who are the officers and directors of MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS?
The 990 for the year ended March 31, 2025 lists 23 people; 8 received compensation from the organization, the highest $231,103 (LINDA WEDUL, PRESIDENT AN).
How much revenue does MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS have?
On its 990 for the year ended March 31, 2025 it reported revenue of $5,935,019, expenses of $5,665,252 and total assets of $10,731,870 at year end.

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