American Institute Of Certified Public Accountants
- Assets
- $223.1m
- Revenue
- $242.4m
- Investments
- $10.7m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 04/1953
- Data as of
- 12/2022
- EIN
- 13-0432265
Organization Overview
American Institute Of Certified Public Accountants is located in Durham, NC. The organization was established in 1953. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute 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 12/2022, American Institute Of Certified Public Accountants generated $242.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $204.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Institute Of Certified Public Accountants has awarded 133 individual grants totaling $25,163,541. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS IS A MEMBERSHIP ORGANIZATION WHOSE PRIMARY EXEMPT PURPOSES ARE TO SERVE AND UNITE THE ACCOUNTANCY PROFESSION, TO DEVELOP AND MAINTAIN HIGH PROFESSIONAL STANDARDS, TO ADVANCE THE SCIENCE OF ACCOUNTANCY, TO DEVELOP AND IMPROVE ACCOUNTANCY EDUCATION AND TO PROVIDE FOR THE EXAMINATION OF CANDIDATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: APPROXIMATELY 365,000 VOTING MEMBERS HAVE ACCESS TO A VARIETY OF MEMBERSHIP PRODUCTS & SERVICES, SUCH AS EDUCATIONAL SERVICES.
UNIFORM CPA EXAMINATIONS: TOTAL NUMBER OF EXAM SECTIONS GRADED - APPROXIMATELY 158,500
CONTINUING PROFESSIONAL EDUCATION COURSES AND CONFERENCES; GAVE GROUP STUDY CPE PRESENTATIONS WITH NUMEROUS CPE INDIVIDUAL STUDY COURSES AND CONFERENCES FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Whitman Director | Trustee | 3 | $0 |
Andy Mintzer Director | Trustee | 3 | $0 |
Anne Northup Director (outgoing) | Trustee | 3 | $0 |
Anoop Mehta Vice Chair/chair | OfficerTrustee | 3 | $0 |
Asif Sadiq Director | Trustee | 3 | $0 |
Barry C Melancon President & CEO & Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strasz Computer Consulting Inc Consulting Services | 12/30/22 | $9,147,947 |
Culture One World Llc Consulting Services | 12/30/22 | $9,054,675 |
Withum Smith And Brown Pc Consulting Services | 12/30/22 | $3,342,175 |
Baker Tilly Virchow Krause Llp Consulting Services | 12/30/22 | $1,619,978 |
Willard Associates Consulting Services | 12/30/22 | $1,553,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $138,163,237 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,855,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,018,237 |
| Total Program Service Revenue | $35,021,520 |
| Investment income | $2,102,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,372,280 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,093,937 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,372,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,078,199 |
| Grants and other assistance to domestic individuals. | $73,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $90,020 |
| 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 | $0 |
| Pension plan accruals and contributions | $6,963,309 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $157,258,513 |
| Fees for services: Legal | $109,101 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $688,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $234,756 |
| Fees for services: Other | $9,752,655 |
| Advertising and promotion | $8,234,928 |
| Office expenses | $754,308 |
| Information technology | $2,277,060 |
| Royalties | $0 |
| Occupancy | $309,352 |
| Travel | $1,037,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,728,573 |
| Interest | $1,708,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,925,981 |
| Insurance | $826,872 |
| All other expenses | $2,313,898 |
| Total functional expenses | $204,676,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,675 |
| Savings and temporary cash investments | $33,180,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,395,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $181,484 |
| Prepaid expenses and deferred charges | $5,796,069 |
| Net Land, buildings, and equipment | $7,257,342 |
| Investments—publicly traded securities | $90,372,309 |
| Investments—other securities | $10,727,903 |
| Investments—program-related | $0 |
| Intangible assets | $31,752,487 |
| Other assets | $1,703,232 |
| Total assets | $223,127,447 |
| Accounts payable and accrued expenses | $2,776,006 |
| Grants payable | $0 |
| Deferred revenue | $70,860,977 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,898,682 |
| 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 | $55,978,823 |
| Total liabilities | $133,514,488 |
| Net assets without donor restrictions | $89,612,959 |
| Net assets with donor restrictions | $0 |
| 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 | $223,127,447 |
Grants Awarded
Over the last fiscal year, American Institute Of Certified Public Accountants has awarded $1,005,091 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALVERNIA UNIVERSITY PURPOSE: CONTRIBUTION | $9,018 |
COUNCIL OF INSTITUTIONAL INVESTORS PURPOSE: CONTRIBUTION | $10,000 |
ETHISPHERE LLC PURPOSE: CONTRIBUTION | $45,000 |
ETHICS & COMPLIANCE ASSOCIATION PURPOSE: CONTRIBUTION | $24,000 |
ILLINOIS STATE UNIVERSITY PURPOSE: CONTRIBUTION | $6,533 |
EVERFI INC PURPOSE: CONTRIBUTION | $300,000 |