2013-05-14T09:43:23-05:00 2012-06-30 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2011-07-01 237320950 BOSTON ESTATE PLANNING COUNCIL BOST 7818766217 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 LISA MCAREE 7818766217 2013-05-13 1 JOYCE RIPIANZI P00548581 9785575300 2011 2016-02-24 21:20:13Z X LISA MCAREE 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 570761 0 X BEPC.ORG X 1930 MA TO PROVIDE EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES FOR ESTATE PLANNING PROFESSIONALS. 21 21 0 0 0 0 210778 221763 283424 348083 657 915 1000 0 495859 570761 0 0 0 0 0 0 0 0 0 418256 554969 418256 554969 77603 15792 324630 290873 52496 17522 272134 273351 TO PROVIDE EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES FOR ESTATE PLANNING PROFESSIONALS. 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 0 1 0 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 THE ORGANIZATION 7818766217 401 EDGEWATER PLACE NO 600 WAKEFIELD MA 01880 X THOMAS BISHOP 1.00 X X 0 0 0 LISA MCAREE 1.00 X X 0 0 0 KURT STEINKRAUSS 1.00 X 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 LAURIE AUSTIN 1.00 X 0 0 0 MICHAEL BARRY 1.00 X 0 0 0 COLIN KORZEC 1.00 X 0 0 0 KELLY MCKERNAN 1.00 X 0 0 0 BETH MILKOVITS 1.00 X 0 0 0 MICHAEL MINGOLELLI JR 1.00 X 0 0 0 MICHAEL ORENTLICH 1.00 X 0 0 0 ANITA WEEKS 1.00 X 0 0 0 SARA WELLS 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 0 0 0 0 0 0 0 ASSOCIATION HEADQUARTERS 104 WARD STREET HINGHAM MA 02043 MANAGEMENT SERVICES 106658 1 221763 221763 SPONSORSHIP REVENUES 900099 205500 205500 NETWORKING EVENTS 900099 111115 111115 EDUCATION PROGRAMS 900099 31468 31468 348083 915 915 570761 348083 0 915 104192 19597 8890 3188 57590 5902 AWARDS AND RECOGNITION 118716 EDUCATIONAL MATERIALS 89832 NETWORKING EVENTS 84479 PUBLIC RELATIONS 23000 39583 554969 256867 272776 6400 9675 61363 8422 324630 290873 2561 7172 49935 10350 52496 17522 X 272134 273351 272134 273351 324630 290873 X 15792 -14575 X X 0 1 1 X 0 0 570761 554969 15792 -14575 -14575 1217 570761 0 570761 0 570761 554969 0 554969 0 554969 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012. THE COUNCIL DOES NOT EXPECT ANY MATERIAL CHANGES IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT TWELVE MONTHS. AS OF JUNE 30, 2012, THE COUNCIL IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. THE COUNCIL IS GENERALLY OPEN TO EXAMINATION IN THE U.S. FEDERAL AND CERTAIN STATE JURISDICTIONS FOR THE YEARS ENDED JUNE 30, 2009 THROUGH 2012. 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 COUNCIL'S NET ASSETS TO A 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 THE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -14,575. 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.