R I Society Of Certified Public Accountants
- Assets
- $421.7k
- Revenue
- $698.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Cranston, RI
- Founding
- 02/1945
- Data as of
- 04/2023
- 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 04/2023, R I Society Of Certified Public Accountants employed 5 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 04/2023, R I Society Of Certified Public Accountants generated $698.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $839.3k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING INDIVIDUALS AND BUSINESSES, TODAY AND TOMORROW, THROUGH FINANCIAL EDUCATION, COLLABORATIVE INNOVATION, AND INCLUSIVE ADVOCACY FOR A PROSPEROUS RHODE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL AND BUSINESS EDUCATION: OFFERED 160 LIVE STREAM COURSES AND 120 WEBINARS TO 1,650 MEMBERS / NON-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.
MEMBERSHIP DEVELOPMENT: PROVIDED SERVICES TO APPROXIMATELY 1,650 MEMBERS.
ADVOCACY & COMMUNICATIONS: CONDUCTED ADVOCACY AND COMMUNICATION ACTIVITIES ON BEHALF OF MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa D Travis President | Officer | 40 | $175,658 |
Brian E Barber Director | Trustee | 2 | $0 |
Tim Hebert Director | Trustee | 2 | $0 |
Stuart R Benton Director | Trustee | 2 | $0 |
Christine A Cannata Director | Trustee | 2 | $0 |
Marianne E Caserta Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,975 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,512 |
| Total Program Service Revenue | $580,752 |
| Investment income | $2,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $698,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,458 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,193 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,911 |
| Pension plan accruals and contributions | $1,522 |
| Other employee benefits | $7,752 |
| Payroll taxes | $22,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,385 |
| Advertising and promotion | $0 |
| Office expenses | $39,656 |
| Information technology | $42,490 |
| Royalties | $0 |
| Occupancy | $83,125 |
| Travel | $36,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,925 |
| Insurance | $4,476 |
| All other expenses | $0 |
| Total functional expenses | $839,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,738 |
| Savings and temporary cash investments | $138,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,301 |
| 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 | $16,686 |
| Net Land, buildings, and equipment | $6,068 |
| Investments—publicly traded securities | $29,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,464 |
| Other assets | $92,136 |
| Total assets | $421,719 |
| Accounts payable and accrued expenses | $46,409 |
| Grants payable | $0 |
| Deferred revenue | $25,643 |
| 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 | $91,772 |
| Total liabilities | $163,824 |
| Net assets without donor restrictions | $213,600 |
| Net assets with donor restrictions | $44,295 |
| 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 | $421,719 |