Pennsylvania Institute Of Certified Public Accountants

Organization Overview

Pennsylvania Institute Of Certified Public Accountants is located in Philadelphia, PA. The organization was established in 1942. 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. As of 04/2022, Pennsylvania Institute Of Certified Public Accountants employed 93 individuals. This organization is the central organization for a national or regional group of organizations. Pennsylvania 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 04/2022, Pennsylvania Institute Of Certified Public Accountants generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.9m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SERVE AS AN ADVOCATE FOR PICPA MEMBERS AND THE CPA PROFESSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VOICE OF THE PROFESSION - PICPA MEMBERS ARE HIGHLY RESPECTED AND POSITIONED TO RESPOND TO LEGISLATORS, REGULATORS, THE BUSINESS COMMUNITY, MEDIA, AND CONSUMERS AT LARGE WITH MESSAGING DEVELOPED COLLABORATIVELY, PRESENTED CONSISTENTLY, AND DELIVERED PROFESSIONALLY TO PROTECT THE PUBLIC INTEREST AND ADVOCATE ON BEHALF OF THE PROFESSION. PICPA PROVIDES THE TOOLS, RESOURCES, AND GUIDANCE TO ASSIST MEMBERS WITH THESE EFFORTS. THE COVID-19 PANDEMIC HAD BOTH INTERNAL AND EXTERNAL EFFECTS ON THE ORGANIZATION. A SIGNIFICANT AMOUNT OF LIVE PROGRAMMING, WHICH CONSISTED OF CPE AND MEMBER ENGAGEMENT PROGRAMS, WAS CANCELLED DUE TO PANDEMIC CONCERNS BUT PICPA WAS ABLE TO SUCCESSFULLY SHIFT TO VIRTUAL PROGRAMMING WHEN NEEDED. THIS SHIFT ALLOWED FOR NORMAL OPERATIONS DURING FISCAL YEAR 2022.PICPA HAS NOW RESUMED SCHEDULING OF SELECT LIVE EVENTS FOR FISCAL YEAR 2023 AND ANTICIPATES AN ONGOING MIX OF LIVE AND VIRTUAL MEMBER EVENTS FOR FISCAL YEAR 2023.


ENGAGEMENT - PICPA MEMBERS BUILD THEIR PROFESSIONAL NETWORK, COLLABORATE WITH COLLEAGUES TO DEVELOP TECHNICAL RESOURCES, HEIGHTEN THE CPA PRESENCE IN THE BUSINESS COMMUNITY AND THE GENERAL PUBLIC, AFFECT LEGISLATION IN PA, AND RECOGNIZE AND RESPECT THEIR PEERS. PICPA HOSTS A WIDE VARIETY OF NETWORKING PROGRAMS AND SUPPORTS NUMEROUS SOCIAL MEDIA TOOLS TO PROVIDE MEMBERS THE OPPORTUNITIES TO SHARE IDEAS AND COLLABORATE.PICPA PROVIDED OUR MEMBERS WITH A MYRIAD OF RESOURCES AND PROGRAMS RELATED TO THE COVID-19 PANDEMIC AND ITS IMPACT ON BUSINESS AND THE CPA PROFESSION AND SERVED AS AN ADVOCATE FOR PENNSYLVANIA CPAS THROUGHOUT VARIOUS STAGES OF THE PANDEMIC.


PROFESSIONAL DEVELOPMENT - PICPA MEMBERS EXPERIENCE PROFESSIONAL AND PERSONAL GROWTH BY COMMENTING ON EMERGING TECHNICAL ISSUES, SHARING KNOWLEDGE IN A COLLABORATIVE ENVIRONMENT, BUILDING BUSINESS RELATIONSHIPS AMONG PEERS, AND DEVELOPING LEADERSHIP SKILLS TO ENHANCE JOB PERFORMANCE AND CAREER PROSPECTS. PICPA HAS NUMEROUS STATE AND LOCAL COMMITTEES THAT SERVE AS THE PRIMARY METHOD FOR THE DELIVERY OF THESE SERVICES. THE ONSET OF COVID-19 DID NOT DETER THE PICPA FROM OUR STRATEGY OF SEEKING BOLD, FORWARD-LOOKING OPPORTUNITIES TO STRENGTHEN OUR VALUE PROPOSITION TO MEMBERS. AS PICPA WAS ABLE TO PIVOT QUICKLY TO PROVIDING VIRTUAL EVENTS AND NETWORKING OPPORTUNITIES DURING THE PANDEMIC, WE WERE ABLE TO RETAIN HIGH LEVELS OF MEMBER ENGAGEMENT IN THESE VIRTUAL SETTINGS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Laura Solomon & Associates
Legal Fees
$143,243
Cdw Direct
Software/ Hardware
$107,288
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $403,948
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$403,948
Total Program Service Revenue$5,949,670
Investment income $231,262
Tax Exempt Bond Proceeds $0
Royalties $110,824
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,530
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,707,234

Grants Awarded

Over the last fiscal year, Pennsylvania Institute Of Certified Public Accountants has awarded $2,217,018 in support to 2 organizations.

Grant RecipientAmount

PICPA FOUNDATION FOR EDUCATION AND RESEARCH

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$1,878,631

PENNSYLVANIA CPA FOUNDATION

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: SUPPORT ORGANIZATION'S MISSION

$338,387
View Grant Profile

Endowment Analysis

Beg. Balance$2,508,886
Earnings$282,453
Admin Expense$724,479
Net Contributions$908,082
Grants$236,500
Ending Balance$2,738,442

Create an account to unlock the data you need.

or