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CPA Management Systems INC

Frederick, MDUnknown exempt organizationEIN 52-1278843Revenue $202K in FY2023

On file with the IRSinpactglobal.orgPo Box 495 · Frederick, MD

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66¢ of each $1 spent went to programs.
Run by 7 volunteers and 2 employees.
Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $72K a year · 34% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$189K
to officers and key staff · 70% of spending
Concern: pay to officers and key staff is 70% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$202K
-15% vs prior year
Spent
$272K
To programs
66%
Net assets
$152K
By yearFY2020–FY2023
Revenue
$202K
FY2023▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$193K
FY2022$237K
FY2023$202K
Expenses
$272K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$287K
FY2022$289K
FY2023$272K
Net assets
$152K
FY2023▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$232K
FY2022$221K
FY2023$152K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $180K Management & general 34% · $92K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $189K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gloria Parsley
Executive Di
$99,889Pt VII · Sec A
Gloria Parsley
Executive Di
$89,181Pt VII · Sec A
Dan Robertson
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Eva Webb
Director
$0Pt VII · Sec A
Phil Capps
Director
$0Pt VII · Sec A
Mike Todres
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2020
Gloria Parsley$99,889$92,809$97,657

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See CPA Management Systems INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers seminars to members on accounting firm management and technical tax knowledge.

Questions for CPA Management Systems INC

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Provided by the organization

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1 program · $180K · in their own filed words · FY2023
01

To conduct forums and seminars to enhance the technical and management skills of the members.

$180Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$202K
Ln 12
Gifts and grantsLn 1h$135K
Fees for servicesLn 2g$66K
Investment incomeLn 3$1K
Money outPt IX
$272K
Ln 25
Programscol B$180K
Managementcol C$92K
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$155K
LiabilitiesLn 26$3K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Fees for servicesLn 2g$66K
Investment incomeLn 3$1K
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$131K
Cash and savings togetherLn 1–2$148K
Land, buildings, equipmentLn 10c$363
Total assetsLn 16$155K
LiabilitiesLn 26$3K
Net assetsLn 32$152K
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$214K$148K
Land, buildings, equipmentLn 10c$607$363
Total assetsLn 16$234K$155K
LiabilitiesLn 26$13K$3K
Net assetsLn 32$221K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$25K$75K
Other salaries and wagesLn 7$70K$63K$7K
Payroll taxesLn 10$14K$7K$7K
Office expensesLn 13$2K$2K$536
Information technologyLn 14$1K$1K$369
OccupancyLn 16$6K$4K$1K
TravelLn 17$7K$7K
Depreciation, depletion and amortizationLn 22$244$244
InsuranceLn 23$226$226
Other expenses (24a–d)Ln 24$70K$70K
All other expensesLn 24e$2K$797$906
Total functional expensesLn 25$272K$180K$92K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $202K$272K−$70K$152K 990 PDF
FY2022 $237K$289K−$51K$221K 990 PDF
FY2021 Not on file
FY2020 $193K$287K−$94K$232K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $202,332 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,750$135,025
I-9 Program service revenuePrior year $85,334$66,224
I-10 Investment incomePrior year $59$1,083
I-11 Other revenue$0
I-12 Total revenuePrior year $237,143$202,332
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $174,431$183,609
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,104$88,227
I-18 Total expensesPrior year $288,535$271,836
I-19 Revenue less expensesPrior year −$51,392−$69,504
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $202,332 across 5 lines filed
VIII-1b Membership dues$135,025
VIII-1h Total contributions, gifts and grants$135,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $66,224$66,224
VIII-3 Investment incomeRelated to mission $656 · Excluded from tax $427$1,083
VIII-12 Total revenueRelated to mission $66,880 · Excluded from tax $427$202,332
Part IX · Statement of functional expenses $271,836 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,975 · Management $74,925$99,900
IX-7 Other salaries and wagesPrograms $62,842 · Management $6,983$69,825
IX-10 Payroll taxesPrograms $7,081 · Management $6,803$13,884
IX-13 Office expensesPrograms $1,607 · Management $536$2,143
IX-14 Information technologyPrograms $1,108 · Management $369$1,477
IX-16 OccupancyPrograms $4,260 · Management $1,420$5,680
IX-17 TravelPrograms $6,919$6,919
IX-22 Depreciation, depletion and amortizationPrograms $244$244
IX-23 InsuranceManagement $226$226
IX-24 Other expenses (24a–d)Programs $69,835$69,835
IX-24e All other expensesPrograms $797 · Management $906$1,703
IX-25 Total functional expensesPrograms $179,668 · Management $92,168 · Fundraising $0$271,836
Part X · Balance sheet $155,393 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $25,682$16,950
X-2 Savings and temporary cash investmentsStart of year $188,613$131,249
X-4 Accounts receivableStart of year $14,954$6,831
X-10c Land, buildings and equipment, netStart of year $607$363
X-16 Total assetsStart of year $233,927$155,393
X-17 Accounts payable and accrued expensesStart of year $12,521$3,491
X-26 Total liabilitiesStart of year $12,521$3,491
X-32 Total net assets or fund balancesStart of year $221,406$151,902
X-33 Total liabilities and net assetsStart of year $233,927$155,393
Part XI · Reconciliation of net assets $151,902 net assets at year end
XI-1 Total revenue$202,332
XI-2 Total expenses$271,836
XI-3 Revenue less expenses−$69,504
XI-4 Net assets at start of year$221,406
XI-10 Net assets at end of year$151,902

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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