2021-04-08T11:46:50-05:00 2020-05-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2019-06-01 131101547 THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS NEWY 2127198300 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 JOANNE S BARRY EXECUTIVE DIRECTOR 2127198300 2021-04-06 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2021-04-05 2019 2022-09-23 18:48:47Z JOANNE S BARRY 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 11204331 0 X WWW.NYSSCPA.ORG X 1897 NY TO CULTIVATE, PROMOTE, AND DISSEMINATE KNOWLEDGE AND INFORMATION CONCERNING CERTIFIED PUBLIC ACCOUNTANTS. 38 38 54 3625 418874 -80065 7996131 7834812 2015424 1732896 99750 185306 222073 348283 10333378 10101297 1349677 1974950 0 0 3994605 3779277 0 0 0 4549122 4413499 9893404 10167726 439974 -66429 14162906 12667996 5892150 4492720 8270756 8175276 X THE NEW YORK STATE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS (NYSSCPA) IS ONE OF THE LARGEST STATE ACCOUNTING ORGANIZATIONS IN THE NATION WITH APPROXIMATELY 24,000 MEMBERS. IT WAS INCORPORATED IN 1897 FOR THE FOLLOWING PURPOSES TO CULTIVATE, PROMOTE, AND DISSEMINATE KNOWLEDGE AND INFORMATION CONCERNING CERTIFIED PUBLIC ACCOUNTANTS, TO ESTABLISH AND MAINTAIN HIGH STANDARDS OF INTEGRITY, HONOR, AND CHARACTER AMONG CERTIFIED PUBLIC ACCOUNTANTS, TO FURNISH INFORMATION REGARDING ACCOUNTANCY AND THE PRACTICE AND METHODS THEREOF TO ITS MEMBERS AND THE GENERAL PUBLIC TO PROTECT THE INTEREST OF ITS MEMBERS AND THE GENERAL PUBLIC WITH RESPECT TO THE PRACTICE OF ACCOUNTANCY. THE SOCIETY FULFILLS ITS MISSION THROUGH ITS 15 CHAPTERS, MORE THAN 60 TECHNICAL AND ADMINISTRATIVE COMMITTEES, AND A 38-VOTING-MEMBER BOARD OF DIRECTORS. THE ADMINISTRATIVE OPERATIONS ARE UNDER THE DIRECTION OF THE EXECUTIVE DIRECTOR, ASSISTED BY A PROFESSIONAL STAFF OF APPROXIMATELY 54. 0 0 MEMBERSHIP SERVICESTHE NYSSCPA LAUNCHED ITS UPDATED STRATEGIC PLAN CHANNELING ITS ACTIVITIES TO FIVE CORE GOALS INCLUDING: (1) PROFESSIONAL EXCELLENCE AND INTEGRITY; (2) ADVOCACY; (3) MEMBERSHIP GROWTH AND DEVELOPMENT; (4) PUBLIC AWARENESS; AND (5) PROACTIVE TRANSFORMATION.THE SOCIETY PRODUCED 30 COMMENT LETTERS DURING THE 2019-2020 FISCAL YEAR THAT WERE SENT TO REGULATORS SUCH AS THE AMERICAN INSTITUTE OF CPAS (AICPA), FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD (IAASB), INTERNATIONAL ETHICS STANDARDS BOARD FOR ACCOUNTANTS (IESBA), INTERNAL REVENUE SERVICE (IRS), NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA), NEW YORK STATE DEPARTMENT OF HEALTH, OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC), PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB), SECURITIES AND EXCHANGE COMMISSION (SEC), AND STATE AND FEDERAL LAWMAKERS. ANALYSIS AND COMMENTARY WAS DRIVEN BY THE WORK OF THE SOCIETY'S TECHNICAL COMMITTEES. THESE MORE THAN 60 COMMITTEES MET, COLLECTIVELY, MORE THAN 350 TIMES IN THE 2019-2020 FISCAL YEAR AND PRODUCED NEARLY 25 FULL-DAY CONFERENCES AS PART OF THEIR ANNUAL ACTIVITIES, INCLUDING THE 42ND ANNIVERSARY EDITION OF THE ANNUAL NOT-FOR-PROFIT CONFERENCE. NYSSCPA COMMITTEES ALSO PROVIDE A FORUM FOR HIGH-LEVEL TECHNICAL DISCUSSION AND PROFESSIONAL RESOURCES, SKILL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR THE MEMBERSHIP AS WELL AS FOR EXTERNAL AUDIENCES.THE 2019-2020 FISCAL YEAR WAS A STRONG ONE IN TERMS OF ADVOCACY FROM THE NYSSCPA. THE NYSSCPA ESTABLISHED ITS ANNUAL LEGISLATIVE AGENDA TO CONTINUE ITS WORK IN STRENGTHENING THE PROFESSION AND CONTINUING TO PROTECT THE PUBLIC THAT THE PROFESSION IS LICENSED TO SERVE. WE CONTINUED ADVOCATING TO STATE SENATORS AND ASSEMBLY MEMBERS OR THEIR STAFFS FOR THE PASSAGE OF A BILL THAT WOULD ALLOW NON-CPAS TO OWN MINORITY STAKES IN A CPA FIRM. IN ORDER TO STRENGTHEN RELATIONSHIPS WITH LEGISLATORS, WE HELD A SERIES OF LEGISLATIVE BREAKFASTS ACROSS NEW YORK STATE TO BRING TOGETHER LEGISLATORS WITH THEIR CPA CONSTITUENTS. WHEN THE PANDEMIC HIT, THE SOCIETY BUILT A COVID-RELATED WEBSITE AT NYSSPCA.ORG/COVID19, ADVOCATED FOR CLOSE TO 25 STATE AND FEDERALPIECES OF LEGISLATION AND WAS PIVOTAL IN GETTING AN E-SIGNATURE BILL PASSED IN NEW YORK STATE, TO FACILITATE THE FILING OF TAX RETURNS ON BEHALF OF CLIENTS. IN ADDITION, THE SOCIETY HELD FREE TOWN HALLS FOR MEMBERS TO PROVIDE INFORMATION ON THE PPP/EIDL LOANS. THE SOCIETY ALSO HOSTED ANTI- HARASSMENT TRAINING FOR STAFF AND VOLUNTEERS.DURING THE 2019-2020 FISCAL YEAR, THE SOCIETY SUCCESSFULLY RECRUITED AND ADMITTED 1,357 NEW MEMBERS. THE CURRENT MEMBERSHIP IS 22,170 (FIGURES BASED ON MAY 31, 2020 MEMBERSHIP REPORT). CAMPAIGNS TO INCREASE MEMBERSHIP THIS YEAR INCLUDED CONTINUED DEVELOPMENT OF THE NEXTGEN PROGRAM, WHICH INCLUDED RECRUITMENT AND RETENTION INITIATIVES AIMED AT FINANCIAL AND ACCOUNTING PROFESSIONALS 40 AND UNDER. ONE OF THE PROGRAMS TO SUPPORT THIS INITIATIVE WAS THE LEADERSHIP INSTITUTE. THIS PROGRAM IDENTIFIED 15 PROMISING YOUNG LEADERS, ALLOWED THEM TO ATTEND A FORMAL LEADERSHIP DEVELOPMENT PROGRAM, AND HELPED GROOM THEM AS POTENTIAL FUTURE LEADERS. THE CREATION OF THE PRESTIGIOUS 40 UNDER 40 AWARDS PROGRAM WAS TO RECOGNIZE MEMBERS UNDER 40 THAT MADE A SIGNIFICANT IMPACT IN THEIR BUSINESS AND COMMUNITY. NYSSCPA CHAPTERSEACH YEAR, THE NYSSCPA OFFICERS AND EXECUTIVE DIRECTOR VISIT EACH OF THE SOCIETY'S 15 CHAPTERS TO PROVIDE AN UPDATE TO MEMBERS ABOUT THE SOCIETY'S ACTIVITIES AND COLLECT FEEDBACK REGARDING THE SOCIETY'S PRIORITIES, PROGRAMS AND VALUE TO MEMBERS. MULTIPLE CHAPTERS COLLABORATED AND HELD JOINT VIRTUAL TOWN HALL/PIUS, AND CPA ETHICS UPDATE MEETINGS. A FEW CHAPTERS SEPARATELY HOSTED INDIVIDUAL SESSIONS FOR CPA FIRM MANAGING PARTNERS AND CHAPTER LEADERS. DURING THE 2019-2020 FISCAL YEAR, NYSSCPA CHAPTERS COLLECTIVELY SPONSORED MORE THAN 80 CPE PROGRAMS FOR APPROXIMATELY 2,139 REGISTRANTS. THEY ALSO PRODUCED APPROXIMATELY 50 NON-CPE PROGRAMS, RANGING FROM GOLF OUTINGS AND NETWORKING FOR YOUNG PROFESSIONALS, TO COMMUNITY SERVICE AND COLLEGE OUTREACH EVENTS. THE CPA JOURNALTHE CPA JOURNAL, THE NYSSCPA'S FLAGSHIP PUBLICATION, IS A MONTHLY, PEER-REVIEWED JOURNAL AIMED AT CPAS AND OTHER FINANCIAL PROFESSIONALS. THIS YEAR WAS UNLIKE ANY IN THE JOURNAL'S 90- YEAR HISTORY. NEW YORK STATE SOCIETY CEO AND CPA JOURNAL PUBLISHER, JOANNE BARRY, WROTE IN THE APRIL ISSUE "THESE ARE EXTRAORDINARY TIMES WITH EXTRAORDINARY CHALLENGES." THE CPA JOURNAL, THE VOICE OF THE PROFESSION RESPONDED QUICKLY TO THESE CHALLENGES. JUST WEEKS AFTER THE CONSOLIDATED APPROPRIATIONS ACT OF 2021, THE FAMILY FIRST CORONAVIRUS RESPONSE ACT AND THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY [CARES] ACT WERE PASSED INTO LAW, THE JOURNAL PUBLISHED NUMEROUS ARTICLES ON THE BROAD IMPACT THE LEGISLATION WILL HAVE ON OUR MEMBERS, ON CORPORATIONS, INDIVIDUALS, INVESTORS, ESTATES AND TRUSTS, NOT-FOR-PROFIT ORGANIZATIONS, AND STATE AND LOCAL GOVERNMENTS. THE JOURNAL CONTINUED TO MEET THE CHALLENGE IN ALL AREAS OF PRACTICE, PROVIDING PRACTICAL AND ACTIONABLE GUIDANCE ON THE IMPACT OF PANDEMIC ON ACCOUNTING, AUDITING, INFORMATION TECHNOLOGY AND FINANCIAL REPORTING. AS THE NORM QUICKLY BECAME WORKING REMOTELY, THE JOURNAL INCREASED ITS FOCUS ON CYBER SECURITY RISKS, FRAUD RISK AND HOW TO SAFELY LEVERAGE TECHNOLOGY IN A COVD-19 WORLD. THE JOURNAL ALSO INCLUDED COVERAGE OF SUSTAINABILITY ASSURANCE AND SUPPLY CHAIN RISK DURING THE PANDEMIC. APPLYING EMERGING TECHNOLOGIES BECAME EVEN MORE CRITICAL DURING THIS CRISIS AND THE JOURNAL DISCUSSED RELATED RISK MANAGEMENT ISSUES; THE USE OF BLOCKCHAIN, CLOUD COMPUTING, ARTIFICIAL INTELLIGENCE DATA ANALYTICS AND ROBOTIC PROCESS AUTOMATION. THE QUALITY OF THE JOURNAL'S CONTENT WAS RECOGNIZED BY FOLIO, PLACING AS A FINALIST IN FOUR CATEGORIES IN THE PAST FISCAL YEAR AT THE MAGAZINE'S EDDIE & OZZIE AWARDS AND IN FIVE CATEGORIES AT THE FOLIO MAGAZINE AWARDS CONFERENCE... WEBSITE, CPAJOURNAL.COM, CONTINUED TO GROW. MONTHLY PAGE VIEWS HAVE RISEN TO OVER 160,000 UNIQUE MONTHLY VISITORS WITH OVER 400,000 MONTHLY PAGE VIEWS, MAKING CPAJOURNAL.COM AMONG THE TOP ONLINE TECHNICAL PUBLICATIONS ON THE ACCOUNTING LANDSCAPE. THE SITE ALSO SAW THE ADDITION OF OVER A HALF-DOZEN EPISODES IN THE "VOICE OF THE PROFESSION" VIDEO SERIES COMPRISING INTERVIEWS WITH GLOBAL THOUGHT LEADERS THAT TOOK PLACE LIVE IN OUR STUDIOS AND LATER THROUGH THE USE OF ONLINE VIDEO TECHNOLOGY. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 39 0 1 54 1 1 1 0 0 0 0 0 0 0 X 38 38 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X PATRICK PAYANO 2127198337 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 ANTHONY CHAN DIRECTOR AT LARGE 1.00 1.00 X 0 0 0 BARBARA BEL VICE PRESIDENT 1.00 X X 0 0 0 CANDICE METH DIRECTOR AT LARGE 1.00 X 0 0 0 CARNET BROWN DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 CATHERINE CENSULLO DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 CHARLES J WEINTRAUB DIRECTOR AT LARGE 1.00 X 0 0 0 DARCY ALDOUS DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 DAVID YOUNG DIRECTOR AT LARGE 1.00 X 0 0 0 DENISE STEFANO VICE PRESIDENT 1.00 1.00 X X 0 0 0 DENNIS ANNARUMMA DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 DOUGLAS HOFFMAN DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 EDWARD ARCARA PRESIDENT ELECT 1.00 X X 0 0 0 ELLIOT L HENDLER DIRECTOR AT LARGE 1.00 X 0 0 0 GERARD LOVERDE DIRECTOR AT LARGE 1.00 X 0 0 0 ITA RAHILLY PRESIDENT 1.00 X X 0 0 0 JAN HERRINGER IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 JANEEN SCHRANN VICE PRESIDENT 1.00 X X 0 0 0 JENNIFER KARTYCHAK DIRECTOR AT LARGE 1.00 X 0 0 0 JENNIFER PICKETT DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 JOSEPH MAFFIA VICE PRESIDENT 1.00 X X 0 0 0 KELLY CAPRON DIRECTOR AT LARGE 1.00 X 0 0 0 KEVIN MATZ SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 KIMBERLY JOHNSON DIRECTOR AT LARGE 1.00 X 0 0 0 LIREN WEI DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 LYNNE FUENTES DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 MARIA E SUPPA DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 MARIA L PETROLLESE DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 MARK FARBER DIRECTOR AT LARGE 1.00 X 0 0 0 MARK ULRICH DIRECTOR AT LARGE 1.00 X 0 0 0 MICHAEL E MILISITS DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 MITCHELL J MERTZ DIRECTOR AT LARGE 1.00 X 0 0 0 PATRICIA MCGRATH DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 RENEE RAMPULLA VICE PRESIDENT 1.00 X 0 0 0 RUMBIDZAI BWERINOFA PETROZELLO DIRECTOR AT LARGE 1.00 X 0 0 0 STEVEN MORSE DIRECTOR AT LARGE 1.00 X 0 0 0 THOMAS PIRRO DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 TIMOTHY HAMMOND DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 WILLIAM DRESNACK DIRECTOR AS CHAPTER REPRESENTATIVE 1.00 X 0 0 0 JOANNE S BARRY EXECUTIVE DIRECTOR 28.12 9.38 X 326112 108704 48626 PATRICK PAYANO CHIEF FINANCIAL OFFICER 22.69 14.81 X 88845 58007 66469 REVIRA BRENNAN CHIEF OPERATING OFFICER 23.25 14.25 X 122651 75173 24086 ERNEST MARKEZIN DIRECTOR OF QUALITY ENHANCEMENT 34.97 2.53 X 242135 17527 36686 DARRYL ADAM JACKSON DIRECTOR-MEMBER ACQUISITION AND ENGAGEMENT 37.50 X 122893 0 27770 EMILY FRIZZELL CHIEF MARKETING AND COMMUNICATIONS DIRECTOR 22.50 15.00 X 77695 51797 26677 RICHARD KRAVITZ EDITOR-IN-CHIEF, CPA JOURNAL 37.50 X 183725 0 48821 1164056 311208 279135 5 0 1 0 JACKSON LEWIS PC 666 3RD AVENUE 29TH FL NEW YORK NY 10017 LEGAL SERVICES 331425 1 7834812 7834812 CPA JOURNAL 541900 997710 687879 309831 THE TRUSTED PROFESSIONAL 541900 351593 331890 19703 MEETINGS AND CONFERENCES 541900 288852 288852 WEBSITE ADVERTISING 541900 89340 89340 MEMBER SERVICES 541900 5401 5401 1732896 140931 140931 287536 287536 16075 0 16075 16075 16075 1147409 1103034 44375 44375 44375 TAX REFUND 900099 44652 44652 OTHER REVENUE 900099 20 20 44672 10101297 1330117 418874 517494 1974950 882724 2193800 198776 264237 239740 113027 85410 33049 600448 8685 644190 417625 1030589 44015 649625 31220 307698 101095 CREDIT CARD FEES 191777 SALES COMMISSION 134757 BAD DEBT 11590 MISCELLANEOUS 8699 10167726 6259743 3257531 2148459 2601010 176097 288290 6097985 5162063 1117557 935922 4461050 5584254 0 989 14162906 12667996 757435 1023874 3868644 2520096 688105 487968 577966 460782 5892150 4492720 X 8270756 8175276 8270756 8175276 14162906 12667996 -66429 -29051 0 X X 0 1 X 1 0 0 0 1 7834812 300848 274920 575768 156696 419072 995208 647688 347520 1653697 1430535 223162 3449080 3083840 365240 935922 DEFERRED RENT 406818 CAPITAL LEASE OBLIGATIONS 53964 460782 X 12234283 -29051 2239738 2210687 10023596 33049 44652 77701 10101297 12625710 2491033 2491033 10134677 33049 33049 10167726 PART X, LINE 2: IF APPLICABLE, THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS GENERAL AND ADMINISTRATIVE EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE COMBINED STATEMENT OF FINANCIAL POSITION. THERE ARE NO UNRECOGNIZED TAX BENEFITS AT MAY 31, 2020 AND 2019. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2017 ARE CLOSED, AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' REVENUE 4,214,688. INTERCOMPANY ELIMINATIONS -1,974,950. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAX REFUND 44,652. PART XII, LINE 2D - OTHER ADJUSTMENTS: AFFILIATED ORGANIZATIONS' EXPENSES 4,510,635. INTERCOMPANY ELIMINATIONS -1,974,950. TAX REFUND -44,652. 1 FOUNDATION FOR ACCOUNTING EDUCATION INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 237171151 501(C)(3) 1914950 AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. MOYNIHAN SCHOLARSHIP FUND INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 822444864 501(C)(3) 60000 AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE 2 0 PART I, LINE 2: THE GRANTS ARE GIVEN TO AN AFFILIATED ORGANIZATION THAT SHARES 3 COMMON BOARD MEMBERS. THESE BOARD MEMBERS ARE ABLE TO MONITOR THE USE OF THE GRANT FUNDS. X X 0 0 0 JOANNE S BARRY EXECUTIVE DIRECTOR 323380 107793 0 0 2732 911 15675 5225 20795 6931 362582 120860 0 0 PATRICK PAYANO CHIEF FINANCIAL OFFICER 88595 57843 0 0 250 164 6188 4040 34026 22215 129059 84262 0 0 REVIRA BRENNAN CHIEF OPERATING OFFICER 122061 74811 0 0 590 362 5550 3402 9383 5751 137584 84326 0 0 ERNEST MARKEZIN DIRECTOR OF QUALITY ENHANCEMENT 238738 17281 0 0 3397 246 18912 1369 15298 1107 276345 20003 0 0 DARRYL ADAM JACKSON DIRECTOR-MEMBER ACQUISITION AND ENGA 122559 0 0 0 334 0 10167 0 17603 0 150663 0 0 0 EMILY FRIZZELL CHIEF MARKETING AND COMMUNICATIONS D 77486 51657 0 0 209 140 6344 4230 9662 6441 93701 62468 0 0 RICHARD KRAVITZ EDITOR-IN-CHIEF, CPA JOURNAL 179064 0 0 0 4661 0 14176 0 34645 0 232546 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A A NOMINATING COMMITTEE THAT CONSISTS OF 9 MEMBERS ELECTED BY THE MEMBERSHIP (A BALLOT IS SENT TO ALL VOTING MEMBERS IF THERE ARE MORE THAN 9 NOMINEES, IF THERE ARE FEWER THAN 9 ALL NOMINEES ARE DEEMED ELECTED) AND NO BOARD DESIGNATED MEMBERS PROPOSE A NOMINATION SLATE IN MAKING ITS NOMINATIONS, THE NOMINATING COMMITTEE CONSIDERS THE DIVERSITY AND GEOGRAPHIC DISPERSION OF THE MEMBERSHIP. NONE OF THE NOMINEES MAY BE MEMBERS OF THE NOMINATING COMMITTEE. THERE IS ALSO A PETITION PROCESS FOR INDEPENDENT NOMINATION FOR AN OFFICER OR ELECTED DIRECTOR. A PROXY IS MAILED TO ALL CPA MEMBERS OF THE SOCIETY IN GOOD STANDING WITH RESPECT TO THE ELECTION OF OFFICERS OR DIRECTORS. THE PROXY SETS FORTH THE NAMES AND BACKGROUNDS OF THE NOMINEES. THE NOMINEE WITH THE LARGEST NUMBER OF VOTES, ACCORDING TO THE NUMBER TO BE ELECTED TO THE PARTICULAR OFFICE OR DIRECTORSHIP, IS ELECTED OFFICER OR DIRECTOR AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSAL TO AMEND THE BYLAWS MAY BE INITIATED EITHER BY THE BOARD OR A PETITION FILED WITH THE SECRETARY AND SIGNED BY AT LEAST 100 MEMBERS. THE PROPOSAL SHALL STATE THE TEXT OF THE CHANGE TO BE MADE WITHIN 90 DAYS FOLLOWING THE INITIATION OF A PROPOSAL TO AMEND THE BYLAWS. A MEETING OF THE MEMBERS OF THE SOCIETY IS HELD TO CONSIDER THE PROPOSAL. THE PROPOSAL IS ADOPTED, IF AT LEAST TWO THIRDS OF THE VOTES CAST AT THE MEETING SHALL BE VOTED IN FAVOR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED FROM MANAGEMENT. THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE NYSSCPA REQUIRES ALL BOARD MEMBERS AND EMPLOYEES, AND CERTAIN KEY VOLUNTEERS (ALL CHAPTER BOARD MEMBERS, ALL COMMITTEE CHAIRPERSONS, AND ALL MEMBERS OF CERTAIN KEY COMMITTEES) ANNUALLY TO, READ THE NYSSCPA CONFLICT OF INTEREST POLICY AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENTS ARE REVIEWED UPON RECEIPT. CONFLICTS ARE REFERRED TO LEGAL COUNSEL AND ARE DETERMINED EITHER NOT TO BE CONFLICTS OR RESULT IN RECUSAL FROM THE DECISION INVOLVING THE POTENTIAL CONFLICT. IN ADDITION, MEMBER DISCIPLINARY AND PRACTICE MONITORING COMMITTEES, PROFESSIONAL ETHICS COMMITTEE AND PEER REVIEW COMMITTEE IMPOSE ADDITIONAL CONFLICT PROCEDURES WHEN POTENTIAL CONFLICTS ARISE, THEY TOO ARE REFERRED TO LEGAL COUNSEL FOR AN APPROPRIATE RESPONSE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS EVALUATED AND APPROVED BY THE NYSSCPA BOARD OF DIRECTORS, WHICH IS PART OF THE EXECUTIVE DIRECTOR'S CONTRACT. ALL EMPLOYEES WITH THE EXCEPTION OF THE EXECUTIVE DIRECTOR RECEIVE WRITTEN AND ORAL PERFORMANCE APPRAISALS BI-ANNUALLY FROM THEIR SUPERVISORS AND FROM THE EXECUTIVE DIRECTOR. THE NUMERICAL GRADE ON EACH EVALUATION DRIVES A MERIT-BASED COMPENSATION SYSTEM. THE EXECUTIVE DIRECTOR HAS THE DISCRETION OF DETERMINING COMPENSATION FOR ALL EMPLOYEES. SALARY COMPENSATION OF ALL EMPLOYEES WITH THE EXCEPTION OF THE EXECUTIVE DIRECTOR IS COMPARED TO OTHER NON-PROFIT ORGANIZATIONS IN THE SAME MARKET ON PERIODIC BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOUNDATION FOR ACCOUNTING EDUCATION INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 237171151 EDUCATION NY 501(C)(3) LINE 10 N/A 0 NEW YORK STATE SOCIETY OF CPA PAC INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 134053698 POLITICAL ACTIVITIES NY 527 N/A 0 MOYNIHAN SCHOLARSHIP FUND INC 14 WALL STREET 19TH FLOOR NEW YORK NY 10005 822444864 CHARITABLE AND EDUCATION NY 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 FOUNDATION FOR ACCOUNTING EDUCATION INC B 1914950 FMV MOYNIHAN SCHOLARSHIP FUND B 60000 FMV FOUNDATION FOR ACCOUNTING EDUCATION INC Q 415860 FMV FOUNDATION FOR ACCOUNTING EDUCATION INC O 1776581 FMV FOUNDATION FOR ACCOUNTING EDUCATION INC N 426082 FMV