2012-11-13T12:15:30-06:00 2012-03-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2011-04-01 410783480 MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MINN 9528312707 1650 WEST 82ND STREET NO 600 BLOOMINGTON MN 55431 BETSY ADRIAN 9528312707 2012-10-28 1 LINDA M NELSON P00205567 6514834521 2011 2016-02-24 21:20:13Z BETSY ADRIAN 1650 WEST 82ND STREET NO 600 BLOOMINGTON MN 55431 5745955 0 X WWW.MNCPA.ORG X 1904 MN TO HELP MEMBERS SUCCEED PROFESSIONALLY WHILE BEING MINDFUL OF SERVING THE PUBLIC INTEREST. 16 16 36 2174 222036 50974 0 0 5011901 5531121 39857 44907 129389 169927 5181147 5745955 0 0 0 0 2032441 2154330 0 0 0 3147605 3242678 5180046 5397008 1101 348947 5582565 6111880 2278855 2473484 3303710 3638396 X THE MISSION OF THE MINNESOTA SOCIETY OF CPAS (MNCPA) IS TO HELP MEMBERS SUCCEED PROFESSIONALLY WHILE BEING MINDFUL OF SERVING THE PUBLIC INTEREST. MNCPA HELPS ITS MEMBERS BY PROVIDING EDUCATION, RESOURCES, NETWORKING OPPORTUNITIES AND ADVOCACY, WHILE ALSO ADMINISTERING QUALITY IMPROVEMENT ACTIVITIES. 0 0 SEMINAR ACTIVITIES PROVIDED EDUCATION THAT ENABLED MEMBERS AND NONMEMBERS TO MEET REGULATORY REQUIREMENTS, ENHANCE PERSONAL DEVELOPMENT, AND INCREASE KNOWLEDGE TO MEET THE NEEDS OF THE FINANCIAL AND BUSINESS COMMUNITY. DURING THE YEAR ENDED MARCH 31, 2012, OVER 8,300 INDIVIDUALS ATTENDED OVER 800 EVENTS IN PERSON OR VIA WEBCAST.CONFERENCE ACTIVITIES PROVIDE EDUCATION IN THE AREAS OF BUSINESS, TAX AND ACCOUNTING. FOURTEEN CONFERENCES WERE ATTENDED BY MORE THAN 3,600 PARTICIPANTS. MEMBERSHIP ACTIVITIES PROVIDED APPROXIMATELY 9,400 MEMBERS WITH OPPORTUNITIES FOR EDUCATION, PROFESSIONAL NETWORKING, CAREER ADVANCEMENT, AND PROMOTION OF THE CPA PROFESSION. THE CPA CREDENTIAL WAS ALSO PROMOTED ON MINNESOTA COLLEGE CAMPUSES. COMMUNICATIONS ACTIVITIES INCLUDED PUBLICATION OF NINE ISSUES 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; ORGANIZATION OF PUBLIC SERVICE EVENTS; 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. EVENTS INCLUDED A MEMBER LOBBY DAY AT THE MINNESOTA STATE CAPITOL AND A CONGRESSIONAL BREAKFAST WITH TWO OF MINNESOTA U.S. REPRESENTATIVES. PROFESSIONAL STANDARDS ACTIVITIES INCLUDED ADMINISTRATION OF A PEER REVIEW PROGRAM THAT SAW COMPLETION OF 178 FIRM PEER REVIEWS, COORDINATION OF AN ETHICS PROGRAM THAT INVESTIGATED COMPLAINTS AGAINST MEMBERS, AND FOUR VOLUNTARY REVIEW TASK FORCES THAT PROMOTE QUALITY FINANCIAL REPORTING BY MINNESOTA CPAS. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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 0 0 1 64 0 1 36 1 1 1 0 0 0 1 1 0 X 16 16 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X FAYE HAYHURST 9528312707 1650 WEST 82ND STREET NO 600 BLOOMINGTON MN 55431 X SARA PORTNER 5.00 X X 0 0 0 ROBERT SANNERUD 2.00 X X 0 0 0 MELANIE MOGG 2.00 X X 0 0 0 DAVID STENE 2.00 X X 0 0 0 BARBARA STEINHAUSER 2.00 X X 0 0 0 JIM EICHTEN 2.00 X 0 0 0 BRETT AAMOT 2.00 X 0 0 0 NATHANIEL ALBRECHT 2.00 X 0 0 0 BERTHA HSIAO 2.00 X 0 0 0 JIM NICHOLS 2.00 X 0 0 0 CHRIS PICHE 2.00 X 0 0 0 BRENDEN SCHAAF 2.00 X 0 0 0 DEBRA THOMPSON 2.00 X 0 0 0 JEFF WHITE 2.00 X 0 0 0 JENNIFER CARLSON 2.00 X 0 0 0 GROVER CLEVELAND 2.00 X 0 0 0 BETSY ADRIAN 36.00 X 174652 16748 36646 FAYE HAYHURST 36.00 X 76836 7368 34803 BARBARA WENTE 35.00 X 92395 12516 28207 LINDA WEDUL 40.00 X 103961 0 29877 447844 36632 129533 2 0 1 0 CLIFTONLARSONALLEN LLP 108 N MINNESOTA ST PO BOX 696 NEW ULM MN 56073 EDUCATIONAL SERVICES, INCLUDING MATERIAL 159000 1 EDUCATION PROGRAMS 611600 3210048 3164228 45820 MEMBERSHIP DUES 541900 2013213 2013213 MEMBERSHIP PROGRAMS 611600 112456 112456 PROFESSIONAL STANDARDS 541900 107870 107870 OTHER 900099 87534 81245 6289 5531121 44907 44907 21450 0 21450 21450 21450 PUB. SALES & ADV 511190 148477 148477 148477 5745955 5479012 222036 44907 313543 1407481 117174 188461 127671 1854 17350 27000 5949 19508 177295 93098 178107 988 26339 94464 11522 TAXES PAID 10707 EDUCATION PROGRAMS 1944565 OTHER DIRECT EXPENSES 392557 FOOTNOTE PUBLICATION 104501 136874 5397008 275102 1892711 3573101 2726516 23875 26469 200146 211499 999594 574509 501806 425085 946126 846651 62409 -17051 5582565 6111880 494308 509961 1784547 1963523 2278855 2473484 X 3303710 3638396 3303710 3638396 5582565 6111880 X 348947 -14261 X X 0 1 1 X 0 0 0 1 2013213 219158 12886 232044 201321 30723 293164 183222 109942 153151 82620 70531 553279 308667 244612 425085 5745955 5397008 348947 -14261 -14261 334686 5731694 -14261 -14261 5745955 0 5745955 5392223 0 5392223 4785 4785 5397008 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FIN 48 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE SOCIETY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE SOCIETY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. THE SOCIETY HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. THE SOCIETY IS OPEN TO EXAMINATION FOR TAX YEARS 2009 THROUGH 2011. PART XIII, LINE 4B OTHER EXPENSES: LOSS ON DISPOSAL OF FIXED ASSETS $4,785. 1 X X 0 0 0 BETSY ADRIAN 159294 15275 13272 1273 2086 200 16854 1616 16586 1590 208092 19954 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE MEMBERSHIP CATEGORIES: CPA MEMBERS, ASSOCIATE (NON-CPA) MEMBERS, AND STUDENT MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CPA MEMBERS HAVE THE RIGHT TO VOTE AT THE ORGANIZATION'S MEETINGS, TO VOTE FOR THE ORGANIZATION'S GOVERNING BOARD, AND TO VOTE ON AMENDMENTS TO THE ORGANIZATION'S BY-LAWS THAT AFFECT: A) MEMBER VOTING RIGHTS, OBLIGATIONS OR PRIVILEGES; B) PROCEDURES RELATED TO A COMPLAINT AGAINST A MEMBER; AND C) FORMATION OR TERMINATION OF A CHAPTER. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ORGANIZATION'S BY-LAWS OTHER THAN THOSE DESCRIBED ABOVE MAY BE MADE BY THE BOARD OF DIRECTORS. HOWEVER, THE MEMBERS MAY VOTE TO REPEAL OR REVOKE SUCH AN AMENDMENT. THE MEMBERS MAY ALSO VOTE TO REMOVE AN OFFICER OR DIRECTOR OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE ORGANIZATION'S AUDIT FIRM. THE RETURN IS REVIEWED IN DETAIL BY THE DIRECTOR OF FINANCE AND THE BOARD TREASURER. A DRAFT OF THE RETURN IS DISTRIBUTED TO BOARD MEMBERS, AND IS APPROVED BY THE BOARD PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE A CONFLICT OF INTEREST TO THE BOARD PRIOR TO THE TRANSACTION OR DECISION AFFECTED BY THE CONFLICT. AFTER DISCLOSURE, THE BOARD MEMBER IS ASKED TO LEAVE THE ROOM FOR THE DURATION OF THE DISCUSSION AND VOTE. BOARD MEMBERS ARE ALSO ASKED TO DISCLOSE ANY CONCERNS ABOUT THE APPEARANCE OF A CONFLICT OF INTEREST. THE BOARD CHAIR ANNUALLY REQUIRES EACH BOARD MEMBER TO SIGN A CONFLICT OF INTEREST STATEMENT. THE SIGNED STATEMENTS REMAIN ON FILE WITH THE ORGANIZATION'S PRESIDENT FOR THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 A SUB-COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF THE PRESIDENT AND DETERMINES COMPENSATION FOR THE FOLLOWING YEAR. THE PRESIDENT PERFORMS AN ANNUAL REVIEW OF THE DIRECTOR OF FINANCE (THE TOP FINANCIAL OFFICIAL). COMPENSATION IS DETERMINED BY THE PRESIDENT BASED ON PERIODIC COMPENSATION STUDIES AS WELL AS CURRENT ECONOMIC DATA SUCH AS THE CONSUMER PRICE INDEX. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, LINES 1: AVERAGE WEEKLY HOURS PRESIDENT BETSY ADRIAN: WEEKLY HOURS - 91.25% FOR THE MNCPA AND 8.75% FOR THE MNCPA EDUCATION FUND. DIRECTOR OF FINANCE FAYE HAYHURST: WEEKLY HOURS - 91.25% FOR THE MNCPA AND 8.75% FOR THE EDUCATION FUND. DIRECTOR OF EDUCATION BARBARA WENTE: WEEKLY HOURS - 88.07% FOR THE MNCPA AND 11.93% FOR THE EDUCATION FUND. DIRECTOR OF MEMBER RELATIONS AND MARKETING LINDA WEDUL: 100% FOR THE MNCPA. VOLUNTEER OFFICERS AND DIRECTORS: HOURS ARE ESTIMATED AT 2 TO 5 HOURS PER WEEK FOR THE MNCPA AND EDUCATION FUND. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -14,261. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MINNESOTA SOCIETY OF CPAS EDUCATION FUND 1650 WEST 82ND STREET STE 600 BLOOMINGTON MN 55431 363358852 EDUCATION MN 501(C)(3) 509(A)(3), TYPE 1 MN SOCIETY OF CPAS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS EDUCATION FUND M 276793 MARKET VALUE FORM 990, SCHEDULE R, PART V, LINE 2(2)(B) AND (C): ALLOCATIONS OF EXPENSES WERE MADE FROM THE MNCPA TO THE EDUCATION FUND FOR SHARED EMPLOYEES, FACILITIES, ETC., AND REIMBURSEMENT WAS RECEIVED FROM THE EDUCATION FUND. THE TRANSACTION LABELED "M" ABOVE WITH AMOUNT $276,793 INVOLVED ALSO INCLUDES TRANSACTIONS N AND P.