R I Society Of Certified Public Accountants
- Assets
- $518.0k
- Revenue
- $837.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Cranston, RI
- Founding
- 02/1945
- Data as of
- 04/2022
- EIN
- 05-6013364
Organization Overview
R I Society Of Certified Public Accountants is located in Cranston, RI. The organization was established in 1945. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2022, R I Society Of Certified Public Accountants employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R I Society Of Certified Public Accountants is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2022, R I Society Of Certified Public Accountants generated $837.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $774.8k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE IMAGE OF THE CPA PROFESSION AND THE SUCCESS OF OUR MEMBERS THROUGH EDUCATION, LEADERSHIP AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL AND BUSINESS EDUCATION: OFFERED APPROXIMATELY 130 COURSES TO APPROXIMATELY 1,300 MEMBERS AND MANY OTHER NON-MEMBERS.
MEMBERSHIP DEVELOPMENT: PROVIDED SERVICES TO APPROXIMATELY 1,300 MEMBERS.
ADVOCACY & COMMUNICATIONS: CONDUCTED ADVOCACY AND COMMUNICATION ACTIVITIES ON BEHALF OF MEMBERS.
TECHNICAL ASSISTANCE COLLABORATIVES: STARTING IN FISCAL YEAR 2021 THE SOCIETY WAS CONTRACTED BY CERTAIN STATE OF RHODE ISLAND AGENCIES TO PROVIDE SERVICES UNDER TECHNICAL ASSISTANCE COLLABORATIVES INCLUDING THOSE RELATED TO COVID-19 ASSITANCE AND BACK TO WORK WORKFORCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa D Travis President | Officer | 40 | $171,111 |
Margaret A Lague Vice Pres Of Operations | Officer | 40 | $50,892 |
Marianne E Caserta Past Chair | OfficerTrustee | 1 | $0 |
Erica Hguatieri Chair | OfficerTrustee | 1 | $0 |
Edward F Yazbak Treasurer | OfficerTrustee | 1 | $0 |
Daniel Bonnette Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,119 |
| Total Program Service Revenue | $658,639 |
| Investment income | $321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,322 |
| Grants and other assistance to domestic individuals. | $13,691 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,598 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,054 |
| Pension plan accruals and contributions | $1,413 |
| Other employee benefits | $5,384 |
| Payroll taxes | $26,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,086 |
| Advertising and promotion | $7,507 |
| Office expenses | $25,927 |
| Information technology | $43,107 |
| Royalties | $0 |
| Occupancy | $79,583 |
| Travel | $30,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,701 |
| Insurance | $4,764 |
| All other expenses | $5,288 |
| Total functional expenses | $774,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,777 |
| Savings and temporary cash investments | $135,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,681 |
| Net Land, buildings, and equipment | $10,172 |
| Investments—publicly traded securities | $29,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,285 |
| Other assets | $2,500 |
| Total assets | $518,028 |
| Accounts payable and accrued expenses | $86,836 |
| Grants payable | $0 |
| Deferred revenue | $32,548 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $119,384 |
| Net assets without donor restrictions | $368,952 |
| Net assets with donor restrictions | $29,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $518,028 |
Endowment Analysis
| Beg. Balance | $29,598 |
| Earnings | $94 |
| Ending Balance | $29,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Compliance Professionals Inc Cornwall Bridge, CT | $2,936,925 | $1,726,749 |
Mechanical Contractors Association Of Connecticut Industry Fund Southington, CT | $3,078,310 | $1,328,354 |
Rhode Island Builders Association East Providence, RI | $2,877,462 | $1,653,653 |
Massachusetts Package Stores Assn Inc Westborough, MA | $145,232 | $927,924 |
United Association Of Journeymen & Apprentices Of Plumbing & Pipe West Boylston, MA | $3,096,398 | $1,183,683 |
New England Mechanical Contractors Assn Inc Quincy, MA | $393,884 | $1,016,147 |
Plumbing-Heating-Cooling Contractors Of Massachusetts Inc Braintree, MA | $1,573,052 | $979,809 |
Greater Boston Plumbing Contractors Association Inc Braintree, MA | $421,923 | $613,515 |
R I Society Of Certified Public Accountants Cranston, RI | $518,028 | $837,468 |
The Builders & Remodelers Assoc Of Great Boston Inc Bragb Canton, MA | $383,457 | $553,290 |
Ibm Club - Massachusetts Burlington, MA | $0 | $0 |
Mechanical Contractors Association Of Connecticut Inc Southington, CT | $1,174,723 | $622,810 |