Pennsylvania Institute Of Certified Public Accountants
- Assets
- $15.1m
- Revenue
- $6.2m
- Investments
- $7.1m
- Employees
- 84
- Location
- Philadelphia, PA
- Founding
- 10/1942
- Data as of
- 04/2023
- EIN
- 23-0959052
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 04/2023, Pennsylvania Institute Of Certified Public Accountants employed 84 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 04/2023, Pennsylvania Institute Of Certified Public Accountants generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.0m during the year ending 04/2023. While expenses have increased by 0.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
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.PICPA RESUMED SCHEDULING A MIX OF LIVE AND VIRTUAL MEMBER EVENTS IN FISCAL YEAR 2023 AND ANTICIPATES AN ONGOING MIX OF LIVE AND VIRTUAL MEMBER EVENTS FOR FISCAL YEAR 2024.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Risden CPA President | OfficerTrustee | 2 | $0 |
Elizabeth Krisher CPA President- Elect | OfficerTrustee | 2 | $0 |
Shea Saman CPA Vice-President | OfficerTrustee | 2 | $0 |
R Charles Waring CPA Vice-President | OfficerTrustee | 2 | $0 |
Ryan Lafferty CPA Treasurer | OfficerTrustee | 2 | $0 |
Frances Aitken CPA Immediate Past President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aptify Software Services | 4/29/23 | $120,412 |
Hershey Entertainment & Resort Annual Meeting Venue | 4/29/23 | $123,194 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $5,863,638 |
| Investment income | $223,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $114,050 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,200,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $514,689 |
| 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. | $1,316,364 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,422,322 |
| Pension plan accruals and contributions | $124,420 |
| Other employee benefits | $521,261 |
| Payroll taxes | $260,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,680 |
| Fees for services: Accounting | $56,595 |
| Fees for services: Lobbying | $255,025 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,647 |
| Fees for services: Other | $31,184 |
| Advertising and promotion | $14,000 |
| Office expenses | $141,019 |
| Information technology | $219,892 |
| Royalties | $0 |
| Occupancy | $228,782 |
| Travel | $108,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $11,395 |
| Conferences, conventions, and meetings | $182,103 |
| Interest | $153,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,229 |
| Insurance | $42,963 |
| All other expenses | $0 |
| Total functional expenses | $6,042,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $876,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,462 |
| 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 | $176,129 |
| Net Land, buildings, and equipment | $1,923,684 |
| Investments—publicly traded securities | $1,695,620 |
| Investments—other securities | $7,109,984 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,306,148 |
| Total assets | $15,108,831 |
| Accounts payable and accrued expenses | $503,365 |
| Grants payable | $0 |
| Deferred revenue | $831,380 |
| 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 | $476,190 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $1,225,481 |
| Total liabilities | $3,136,416 |
| Net assets without donor restrictions | $11,972,415 |
| 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 | $15,108,831 |
Grants Awarded
Over the last fiscal year, Pennsylvania Institute Of Certified Public Accountants has awarded $2,217,018 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA CPA FOUNDATION PURPOSE: SUPPORT ORGANIZATION'S MISSION | $338,387 |
PICPA FOUNDATION FOR EDUCATION AND RESEARCH PURPOSE: SUPPORT ORGANIZATION'S MISSION | $1,878,631 |