National Society Of Compliance Professionals Inc

Organization Overview

National Society Of Compliance Professionals Inc is located in Cornwall Bridge, CT. The organization was established in 1988. 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 12/2021, National Society Of Compliance Professionals Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Society Of Compliance Professionals Inc 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 12/2021, National Society Of Compliance Professionals Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SERVICES COMPLIANCE PROFESSIONALS WITH A WIDE RANGE OF RESOURCES INCLUDING A COMMUNITY OF LIKE-MINDED PEERS, CONTINUING EDUCATION TO FURTHER THEIR KNOWLEDGE AND SPECIALIZED SKILLS, AND REGULATORY INVOLVEMENT THROUGH REPRESENTATION OF COMPLIANCE INTERESTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBERSHIP MEETINGS - TO PROVIDE MEMBERS AND PARTICIPANTS WITH COMPLIANCE AND GUIDANCE INFORMATION


MEMBERSHIP SERVICES - TO PROVIDE MEMBERS WITH EDUCATIONAL AND INFORMATIONAL PROGRAMS AND ANSWERS TO COMPLIANCE


CERTIFICATION - TO PROVIDE EDUCATION AND CERTIFICATION FOR MEMBERS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $135,699
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$135,699
Total Program Service Revenue$1,556,683
Investment income $34,367
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,726,749

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