2014-05-05T07:03:08-05:00 2013-06-30 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2012-07-01 454028240 BOSTON ESTATE PLANNING COUNCIL INC BOST 7818766217 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 JUDITH SAXE 7818766217 2014-04-29 1 JOYCE RIPIANZI CPA P00548581 9785575300 2012 2015-11-30 17:44:51Z X JUDITH SAXE 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 576700 0 X BEPC.ORG X 1930 MA THE BOSTON ESTATE PLANNING COUNCIL IS A MULTI-DISCIPLINARY COMMUNITY OF OVER 800 ESTATE AND WEALTH PLANNING PROFESSIONALS. THE COUNCIL PROVIDES EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES TO HELP ITS MEMBERS BUILD AND STRENGTHEN RELATIONSHIPS, LEARN ABOUT IDEAS AND STRATEGIES, AND SHARE THOUGHT LEADERSHIP. THE PRINCIPAL OBJECTIVES OF THE COUNCIL ARE AS FOLLOWS:-TO FOSTER A BETTER UNDERSTANDING OF THE RELATIONSHIP AMONG ESTATE AND WEALTH PLANNING SPECIALISTS FROM DIFFERENT DISCIPLINES AND TO BRING THOSE SPECIALISTS TOGETHER IN ONE ASSOCIATION;-TO FURTHER THE EDUCATION OF MEMBERS IN MATTERS OF ESTATE AND WEALTH PLANNING;-TO ENCOURAGE THE HIGHEST STANDARDS OF PROFESSIONAL AND ETHICAL CONDUCT; AND-TO HELP THE MEMBERS RENDER THE HIGHEST QUALITY OF SERVICE TO CLIENTS;-TO ADVANCE PUBLIC KNOWLEDGE OF THE CONCEPT AND BENEFITS OF ESTATE PLANNING. 21 21 0 0 0 0 418488 156600 1612 0 576700 0 0 0 0 0 495434 495434 81266 410218 77165 333053 X THE BOSTON ESTATE PLANNING COUNCIL IS A MULTI-DISCIPLINARY COMMUNITY OF OVER 800 ESTATE AND WEALTH PLANNING PROFESSIONALS. THE COUNCIL PROVIDES EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES TO HELP ITS MEMBERS BUILD AND STRENGTHEN RELATIONSHIPS, LEARN ABOUT IDEAS AND STRATEGIES, AND SHARE THOUGHT LEADERSHIP. THE PRINCIPAL OBJECTIVES OF THE COUNCIL ARE AS FOLLOWS:-TO FOSTER A BETTER UNDERSTANDING OF THE RELATIONSHIP AMONG ESTATE AND WEALTH PLANNING SPECIALISTS FROM DIFFERENT DISCIPLINES AND TO BRING THOSE SPECIALISTS TOGETHER IN ONE ASSOCIATION;-TO FURTHER THE EDUCATION OF MEMBERS IN MATTERS OF ESTATE AND WEALTH PLANNING;-TO ENCOURAGE THE HIGHEST STANDARDS OF PROFESSIONAL AND ETHICAL CONDUCT; AND-TO HELP THE MEMBERS RENDER THE HIGHEST QUALITY OF SERVICE TO CLIENTS;-TO ADVANCE PUBLIC KNOWLEDGE OF THE CONCEPT AND BENEFITS OF ESTATE PLANNING. 0 0 PROVIDE EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES FOR ESTATE PLANNING PROFESSIONALS IN THE COMMUNITY. MAINTAIN OVER 800 MEMBERS, WHO REPRESENT A BROAD RANGE OF PRACTICES AND BENEFIT FROM GETTING TO KNOW EACH OTHER AND RESPECT EACH OTHER THROUGH AN INCREASED AWARENESS AND UNDERSTANDING OF THE VIEWS, CONCERNS AND VALUABLE INTERACTION OF THEIR OVERLAPPING SPECIALTIES. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 X 21 21 0 1 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X VIRTUAL INC 7818766217 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 X LISA MCAREE 1.00 X X 0 0 0 KURT STEINKRAUSS 1.00 X X 0 0 0 LAURIE AUSTIN 1.00 X 0 0 0 DEIRDRE PRESCOTT 1.00 X X 0 0 0 TIMOTHY MCBRIDE 1.00 X X 0 0 0 JUDITH SAXE 1.00 X X 0 0 0 COLIN KORZEC 1.00 X 0 0 0 KELLY MCKERNAN 1.00 X 0 0 0 MICHAEL ORENTLICH 1.00 X 0 0 0 JEREMIAH DOYLE 1.00 X 0 0 0 LISA BURNS 1.00 X 0 0 0 STEVEN CARR 1.00 X 0 0 0 GEORGE CUSHING 1.00 X 0 0 0 PAMELA MURRAY 1.00 X 0 0 0 ADRIENNE PENTA 1.00 X 0 0 0 KELLY AYLWARD 1.00 X 0 0 0 RICHELLE MAGUIRE 1.00 X 0 0 0 SCOTT SQUILLACE 1.00 X 0 0 0 CONNELL TARR 1.00 X 0 0 0 STEPHEN WILCHINS 1.00 X 0 0 0 DANIEL FLANAGAN 1.00 X X 0 0 0 0 0 0 0 0 0 0 VIRTUAL INC 401 EDGEWATER PLACE SUITE 600 WAKEFIELD MA 01880 MANAGEMENT FEE 165121 1 203088 215400 418488 NETWORKING EVENTS 900099 125785 125785 EDUCATION PROGRAMS 900099 30815 30815 156600 1612 1612 576700 156600 0 1612 165121 5868 15770 4276 6355 3464 AWARDS AND RECOGNITION 121287 NETWORKING EVENTS 78506 EDUCATIONAL MATERIALS 51051 PUBLIC RELATIONS 14499 29237 495434 391372 14250 4596 0 410218 35720 41445 0 77165 X 333053 0 333053 0 410218 81266 251787 X X 0 1 X 1 0 0 X 577318 618 618 576700 0 576700 517616 22182 22182 495434 0 495434 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COUNCIL IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE COUNCIL'S EXEMPT FUNCTION. THE COUNCIL MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM UNRELATED TRADE OR BUSINESS INCOME. THE COUNCIL HAS DETERMINED THAT IT DOES NOT HAVE ANY LIABILITIES ASSOCIATED WITH UNRELATED TRADE OR BUSINESS INCOME AND, AS A RESULT, NO PROVISION FOR INCOME TAXES IS PRESENTED IN THESE FINANCIAL STATEMENTS. THE COUNCIL ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE COUNCIL'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENT OF ACTIVITIES. THE COUNCIL HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF JUNE 30, 2013. THE COUNCIL DOES NOT EXPECT ANY MATERIAL CHANGES IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT TWELVE MONTHS. AS OF JUNE 30, 2013, THE COUNCIL IS NOT UNDER EXAMINATION BY ANY TAXING AUTHORITY AND IS GENERALLY OPEN TO EXAMINATION FOR THREE YEARS ENDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM FORMER ENTITY (SEE SCHEDULE O DESCRIPTION FOR FORM 990 PART VI, SECTION A, LINE 4) PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM FORMER ENTITY (SEE SCHEDULE O DESCRIPTION FOR FORM 990 PART VI, SECTION A, LINE 4) FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION OUTSOURCES MANAGEMENT DUTIES TO VIRTUAL, INC. VIRTUAL PROVIDES THE ORGANIZATION WITH MANAGEMENT SERVICES INCLUDING OVERSIGHT OF MEMBERSHIP, PROGRAMS, FINANCE AND ADMINISTRATION. FORM 990, PART VI, SECTION A, LINE 4 DURING JULY 2012, THE MEMBERS VOTED TO TRANSFER THE BOSTON ESTATE PLANNING COUNCIL'S (FORMER ENTITY) (FEDERAL ID NUMBER 23-7320950) NET ASSETS TO THIS NEW CORPORATION FORMED IN NOVEMBER 2011, BOSTON ESTATE PLANNING COUNCIL, INC. AS A RESULT, THE CORPORATION UPDATED ITS BY-LAWS AND ADOPTED ARTICLES OF ORGANIZATION. DURING THE YEAR ENDED JUNE 30, 2012, THE MEMBERS OF THE COUNCIL ELECTED TO FILE FOR TAX EXEMPT STATUS WITH THE IRS FOR THIS NEWLY FORMED CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 UPON APPLICATION AND ACCEPTANCE, ANY OFFICER OF A TRUST COMPANY, ATTORNEY, CPA, CLU, CFP, CHFC, PFS, AEP, CFA, CTFA, OR THE HOLDER OF A MASTERS DEGREE IN BUSINESS, FINANCE, TAX, OR ACCOUNTING WHO IS DIRECTLY INVOLVED IN ESTATE PLANNING MAY BECOME A FULL MEMBER OF THE COUNCIL, SUBJECT TO THE RECOMMENDATION OF THE MEMBERSHIP COMMITTEE AND VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS AND EMERITUS MEMBERS ARE ELIGIBLE TO VOTE FOR A BOARD OF DIRECTORS COMPRISED OF FIFTEEN (15) FULL MEMBERS (AT-LARGE DIRECTORS) AND OFFICERS. OFFICERS OF THE COUNCIL SHALL CONSIST OF A PRESIDENT, A PRESIDENT-ELECT, A VICE PRESIDENT, A TREASURER AND A SECRETARY. FORM 990, PART VI, SECTION B, LINE 11 THE COUNCIL DISTRIBUTES THE FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW PRIOR TO THE GOVERNING BOARD MEETING PRECEEDING THE DATE THE FORM IS TO BE FILED. FORM 990, PART VI, SECTION B, LINE 12C TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS NONPROFIT PURPOSE AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) ADEQUACY OF THE CONFLICT OF INTEREST POLICY AND SUFFICIENCY OF THE ORGANIZATION'S COMPLIANCE WITH THE POLICY; (B) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE APPROVED PURSUANT TO APPROPRIATE PROCEDURES; (C) WHETHER ANY OTHER FINANCIAL OR DUALITY INTERESTS WITH RESPECT TO DIRECTORS, TRUSTEES, OFFICERS, MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS, AND SENIOR EMPLOYEES ARE IN THE BEST INTEREST OF THE ORGANIZATION AND APPROVED PURSUANT TO APPROPRIATE PROCEDURES; AND (D) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATIONS WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENTS OR PAYMENTS FOR GOOD OR SERVICES, FURTHER THE ORGANIZATIONS TAX-EXEMPT PURPOSE AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. 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. COMMITTEE FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE, APPOINTED BY THE BOARD OF DIRECTORS, THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. CHANGES IN NET ASSETS FORM 990; PART XI; LINE 9 TRANSFER OF NET ASSETS IN THE AMOUNT OF $251,787 FROM THE FORMER ENTITY, SEE SCHUDULE O DESCRIPTION FOR FORM 990, PART VI, SECTION A, LINE 4.