Boston Chapter of the Financial Managers Society Inc
Public records raise at least one point you should look into before giving.
What it says it does
1. TO STUDY OPERATIONS, FINANCIAL MANAGEMENT, SYSTEMS, PROCEDURES, ACCOUNTING, INTERNAL AUDITING, RISK MANAGEMENT OR DATA PROCESSING TECHNIQUES USED BY FINANCIAL INSTITUTIONS AND TO DEVISE WAYS AND MEANS OF IMPROVING SAME.2. TO PROMOTE HIGH STANDARDS OF PRACTICE IN OPERATIONS, SYSTEMS, PROCEDURES, FINANCIAL MANAGEMENT ACCOUNTING, INTERNAL AUDITING, RISK MANAGEMENT OR DATA PROCESSING.3. TO FURTHER THE PROFESSIONAL DEVELOPMENT OF OPERATIONS AND FINANCIAL PROFESSIONALS EMPLOYED BY FINANCIAL INSTITUTIONS, AND SUPPORTIVE ORGANIZATIONS.4. TO PROVIDE A FORUM FOR THE SHARING OF EXPERIENCE AMONG OPERATIONS AND FINANCIAL PROFESSIONALS EMPLOYED BY FINANCIAL INSTITUTIONS AND SUPPORTIVE ORGANIZATIONS.5. TO PROMOTE THE FMS AND ITS ACTIVITIES ON A LOCAL LEVEL, TO COOPERATE WITH THE FMS IN ATTAINING AND FURTHERING IT'S GOALS AND THE COMMON GOALS OF THE FMS AND IT'S CHAPTERS, AND TO PROVIDE PROSPECTIVE MEMBERS FOR THE FMS, INC.
- Income
- $14,805
- Spending
- $36,874
Source: Form 990EZ for the year ending August 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending August 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending August 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- PROVIDED CONTINUING EDUCATION AND NETWORKING TO OUR MEMBERS BY CONDUCTING 6 TRAINING SEMINARS WITH 30 PARTICIPANTS ON AVERAGE AND CO-SPONSORING 1 JOINT TRAINING SEMINAR EVENT WITH OVER 50 ATTENDEES.
- SPONSORED A GOLF TOURNAMENT FOR MEMBERS
Source: Form 990EZ for the year ending August 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on January 15, 2011 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.