Stella J. Karavas, CPA
Fractional CFO/Controller at Charles River CFO, Inc.- Claim this Profile
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Bio
Experience
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Charles River CFO, Inc.
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United States
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Accounting
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1 - 100 Employee
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Fractional CFO/Controller
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Aug 2022 - Present
Boston, Massachusetts, United States
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Strategic Consultant
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Jan 2015 - Present
Canton, MA 02021 In this position, I hold concurrent responsibility for providing direct consulting services to clients while serving in a senior level executive steering role overseeing complete company operations. I also manage financial statements and reporting. Some additional highlights in this role include… ~ Perform controller duties and obligations. Consult with client companies including international and academic high-tech start-ups; advise on strategy, problem solving, and due diligence. ~… Show more In this position, I hold concurrent responsibility for providing direct consulting services to clients while serving in a senior level executive steering role overseeing complete company operations. I also manage financial statements and reporting. Some additional highlights in this role include… ~ Perform controller duties and obligations. Consult with client companies including international and academic high-tech start-ups; advise on strategy, problem solving, and due diligence. ~ Compile, review, and validate financial information, licensing agreements, royalty agreements, company policy/procedures, legal documentation, patents, and intellectual property documentation. ~ Oversaw successful $5M acquisition and held CEO responsibility during deal negotiation and close. ~ Performed due diligence for clients including Dolby (public) and Vectis (international M&A). ~ Supported and enhanced partnerships with industrial companies such as CISCO. ~ Provided IP management for an academic patent portfolio and licensing to comply with federal and state regulations; managed a 50-patent portfolio (MIT, Caltech patents). ~ Directed client companies through mergers and acquisitions to align with business models and internal controls (SOX) objectives. ~ Prepared individual and corporate tax returns and advised clients on federal and state tax regulations; consulted with start-up, early stage, and medium-sized companies. ~ Selected for interim management role following CEO departure; led business development, investor relations, and took the helm of previously failing IT business. ~ Revitalized all operations for a 150-bed healthcare facility; initiated new internal controls via auditors, finance committee, and advising Board of Trustees on strategic growth models. ~ OCPF certified. ~ Profx ~ Foreign Currency Exchange ~ Microsoft Suite including MSAccess Show less
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Founder
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Sep 2009 - Present
Canton Massachusetts U.S.A. In this role, I developed and launched an innovative-concept, renewable energy and “extreme” environment wireless start-up that obtained the first government contract with United States Forest Service. Some additional highlights in this role include… ~ Developed promotions to raise investment capital; wrote and won grants from the SBIR and NSF; oversaw two $100K Phase I SBIR and SBIR Fast-Track ($1.05M) and $1M NSF-ITEST grants ~ Led team to develop product integrating technologies to… Show more In this role, I developed and launched an innovative-concept, renewable energy and “extreme” environment wireless start-up that obtained the first government contract with United States Forest Service. Some additional highlights in this role include… ~ Developed promotions to raise investment capital; wrote and won grants from the SBIR and NSF; oversaw two $100K Phase I SBIR and SBIR Fast-Track ($1.05M) and $1M NSF-ITEST grants ~ Led team to develop product integrating technologies to provide cost-effective, innovative sensing solutions enabling customers to monitor and communicate in an environmentally responsible way. ~ Analyzed markets, managed projections, and created business models for product deployment. Managed tax, corporate, and registration filings (federal, state). ~ Coordinated and supervised all US and international intellectual property filings for five pioneering patents with two issued and granted for three years; managed related trademarks. ~ Partnered with companies including Texas Instruments, T-Mobile, The SI Org, and Vaisala Inc. ~ Networked with Federal and State level Forest and Fire Science Laboratory researchers. ~ Opened new markets (smart grid distribution, precision agriculture, hydrology). ~ Launched a K-12 CircuiTree Science Kit for Massachusetts STEM Initiatives. ~ Initiated and supervised research sponsorship at MIT Laboratory for Molecular Self-Assembly leading to discovery of mechanism behind “tree-voltages” and foundational company product. ~ Handled PR for beta test pilot programs with the USDA Forest Service, Bureau of Land Management, and National Inter-agency Fire Center. Coordinated prototypes for alpha and beta testing. Show less
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PPE Supplier & Distributor
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Jun 2020 - Jul 2021
Boston, Massachusetts, United States 3M MASKS, NITRILE GLOVES and PPE SUPPLIER Established factory direct supply chain in Malaysia and Thailand
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Member and Corporate Committee
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Jan 2015 - May 2021
http://www.thebostonclub.com/ One of the largest communities of women executives and professional leaders in the Northeast. We are both a club and a cause. As a club, we offer programming, events and other opportunities for leaders of advanced professional stages and backgrounds to connect with, engage with and enrich each other. As a cause, our mission is to impel the advancement of women to top leadership positions. Our core belief is that more women in significant and visible leadership roles will mean better business… Show more One of the largest communities of women executives and professional leaders in the Northeast. We are both a club and a cause. As a club, we offer programming, events and other opportunities for leaders of advanced professional stages and backgrounds to connect with, engage with and enrich each other. As a cause, our mission is to impel the advancement of women to top leadership positions. Our core belief is that more women in significant and visible leadership roles will mean better business performance and strengthened economic health in our communities. Show less
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Treasurer & Director of Finance
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Sep 2017 - Dec 2017
Framingham MA During this time, I supported the first state woman elected mayoral candidate by handling accounting, finance, and treasury services. Some additional highlights include: ~ Managed financial documentation, tracking, review, and reporting ~ Political fundraising.
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Trustee
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Jun 2016 - Nov 2016
601 Sherman Street, Canton MA 02021
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Executive Director
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May 2012 - Apr 2015
Greater Boston Area Here, I led a coalition to combat information technology theft and enhance business development in the Commonwealth, leading a first-in-the-nation prosecution against a foreign company leveraging Massachusetts laws. Some additional highlights in this role include… ~ Received appointment from Microsoft to lead efforts in building industry relationships. Managed press, issued Op-eds, and handled press releases. ~ Liaised with manufacturing groups, legislative leaders, and government… Show more Here, I led a coalition to combat information technology theft and enhance business development in the Commonwealth, leading a first-in-the-nation prosecution against a foreign company leveraging Massachusetts laws. Some additional highlights in this role include… ~ Received appointment from Microsoft to lead efforts in building industry relationships. Managed press, issued Op-eds, and handled press releases. ~ Liaised with manufacturing groups, legislative leaders, and government officials to advocate mission and goals of Fortune 500 companies, including Microsoft and New Balance. ~ Coordinated with Attorney General Martha Coakley, Microsoft’s Boston & New York Legal Counsel, Public Relations, and Government Liaison departments to maintain corporate accountability and perform audits. Show less
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Founde
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Feb 2000 - Sep 2008
Canton, Massachusetts U.S.A. With this company, I conceptualized, launched, managed, and successfully sold this tech company worth $10M and with a team of 20. Some additional highlights in this role include… ~ Established policies, procedures, and strategies in all functional areas: Product development, operations management, human resources, sales, marketing, service, and accounting and finance. ~ Built portfolio of vendors, radar companies, and governments: India, UK, Germany, Singapore, Canada, UAE, and… Show more With this company, I conceptualized, launched, managed, and successfully sold this tech company worth $10M and with a team of 20. Some additional highlights in this role include… ~ Established policies, procedures, and strategies in all functional areas: Product development, operations management, human resources, sales, marketing, service, and accounting and finance. ~ Built portfolio of vendors, radar companies, and governments: India, UK, Germany, Singapore, Canada, UAE, and Switzerland. Researched clients, markets, and product development strategies. ~ Led team to develop high quality magnetics product for niche marketplace; built reliable customer base of 35 Fortune 500 companies and government entities, including the Government of India and CERN. ~ Won two $50K+ grants to develop quality manual resulting in ISO 9001 and AS9100 (Aerospace) registrations. Managed $200M RFP for Boeing Dreamliner system; led to 2nd place company ranking. ~ Acquired and oversaw joint research contracts: Caltech Jet Propulsion Lab and Lockheed Martin. ~ Managed all company financials: P&L projections, budgets, profit-sharing plan, annual filings, corporate returns, shareholder tax planning, and tax projections. ~ Created IT infrastructure, web presence, accounting, financial reporting, and tax systems. Show less
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Tax Supervisor
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Feb 1998 - May 2000
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Staff
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1985 - 1988
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Education
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Stonehill College
Bachelor's Degree, Business Administration & Accounting -
Massachusetts Office of Campaign and Political Finance
Treasurer Certification, Campaign and Political Finance