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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa D Crossley Newton Executive Director | Officer | 40 | $270,300 |
Meghan Flanagan Deputy Executive Director | Trustee | 40 | $177,191 |
Jodie Crotteau Director | Trustee | 1 | $0 |
Jeffrey Blumberg Director | Trustee | 1 | $0 |
Jeannette Lewis Director | Trustee | 1 | $0 |
Carolyn Kasky Director | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $771,415 |
Pension plan accruals and contributions | $32,856 |
Other employee benefits | $55,817 |
Payroll taxes | $55,120 |
Fees for services: Management | $0 |
Fees for services: Legal | $834 |
Fees for services: Accounting | $8,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $41,658 |
Advertising and promotion | $0 |
Office expenses | $6,186 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,647 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,526 |
Insurance | $6,952 |
All other expenses | $0 |
Total functional expenses | $1,568,933 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $298,941 |
Savings and temporary cash investments | $618,032 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $67,430 |
Net Land, buildings, and equipment | $150,766 |
Investments—publicly traded securities | $1,801,756 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,936,925 |
Accounts payable and accrued expenses | $363,014 |
Grants payable | $0 |
Deferred revenue | $497,524 |
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 | $860,538 |
Net assets without donor restrictions | $2,073,439 |
Net assets with donor restrictions | $2,948 |
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 | $2,936,925 |
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Association Of Junior Leagues International Inc New York, NY | $6,233,949 | $6,169,858 |
General Contractors Association Of N Y Inc New York, NY | $5,224,579 | $3,924,601 |
Continuing Care Leadership Coalition Inc New York, NY | $0 | $1,160,487 |
United Assoc Of Journeymen And Apprentices Of Plumbing & Pipefit Glens Falls, NY | $19,592,168 | $3,249,333 |
Northeast Business Group On Health Inc New York, NY | $2,773,628 | $2,187,232 |
New York State Motor Truck Association Inc Clifton Park, NY | $43,401,825 | $3,370,406 |
Council For Inclusive Capitalism Inc New York, NY | $907,589 | $2,100,000 |
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 |