Pennsylvania Society Of Public Accountants
- Assets
- $654.4k
- Revenue
- $508.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Lemoyne, PA
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 23-6296959
Organization Overview
Pennsylvania Society Of Public Accountants, operating under the name Pennsylvania Society Of Tax & Accounting Professionals, is located in Lemoyne, PA. The organization was established in 1989. 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 06/2022, Pennsylvania Society Of Tax & Accounting Professionals employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Pennsylvania Society Of Tax & Accounting Professionals 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 06/2022, Pennsylvania Society Of Tax & Accounting Professionals generated $508.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $517.3k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PSTAP PROMOTES AND MAINTAINS HIGH PROFESSIONAL AND ETHICAL STANDARDS OF ACCOUNTANTS IN PUBLIC PRACTICE IN PENNSYLVANIA; DEVELOPS AND IMPROVES ACCOUNTANCY EDUCATION; AND PROTECTS THE INTERESTS OF THE PUBLIC AND MEMBERS OF THE PSTAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE SCHOLARSHIP PROGRAM: ANNUALLY, THE SOCIETY AWARDS TWO SCHOLARSHIPS TO PENNSYLVANIA RESIDENTS WHO DEMONSTRATE ACADEMIC EXCELLENCE. THE MEMBERSHIP MAKES VOLUNTARY CONTRIBUTIONS WITH THE PAYMENT OF THEIR DUES TO SUPPORT THIS PROGRAM. THE GOAL OF THIS PROGRAM IS TO ATTRACT THE BEST AND THE BRIGHTEST PENNSYLVANIA STUDENTS INTO THE ACCOUNTING PROFESSION, TO ENCOURAGE STUDENTS FROM DIVERSE FIELDS TO PURSUE AN ADVANCED EDUCATION IN ACCOUNTANCY, AND TO INCREASE AWARENESS ABOUT THE OPPORTUNITIES PROVIDED BY AN ACCOUNTING CAREER PATH.
PAST PRESIDENT SCHOLARSHIP AWARD: ANNUALLY, THE SOCIETY AWARDS A SCHOLARSHIP TO A PENNSYLVANIA RESIDENT WHO DEMONSTRATES ACADEMIC EXCELLENCE. THE SCHOLARSHIP WAS ESTABLISHED BY THE BUXMONT CHAPTER TO RECOGNIZE THE PAST ACHIEVEMENTS OF ONE OF ITS MEMBERS WHO IS DECEASED, ROBERT T. ZALESKI. THERE IS NO DEDICATED FUNDING STREAM; THEREFORE, THIS PROGRAM IS REVIEWED ANNUALLY TO DETERMINE IF THE SCHOLARSHIP PROGRAM SHOULD BE AWARDED IN ANY GIVEN YEAR.
EDUCATION PROGRAMS: THE SOCIETY PROVIDES CONTINUING EDUCATION SEMINARS FOR ITS MEMBERSHIP THROUGH WEBINARS AND SEMINARS AT VARIOUS LOCATIONS THROUGHOUT THE COMMONWEALTH OF PENNSYLVANIA. MEMBERS INCREASE THEIR PROFESSIONAL KNOWLEDGE AND COMPETENCY IN THE MIDST OF RAPID REGULATORY CHANGES, EXPERIENCE REWARDING INTERACTION WITH FELLOW PROFESSIONALS IN A COLLABORATIVE ENVIRONMENT, AND DEVELOP LEADERSHIP SKILLS TO ENHANCE JOB PERFORMANCE AND CAREER PROSPECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry L Deagostino Executive Director | Officer | 40 | $136,671 |
Mary Lew Kehm CPA Director | Trustee | 1.5 | $18,740 |
Barbara Ann Soltysiak CPA 2nd Vice President | OfficerTrustee | 5 | $7,800 |
James F Tice EA Director | Trustee | 0.5 | $3,460 |
Jeanette S Trama EA ATP 1st Vice President | OfficerTrustee | 5 | $1,300 |
Maurice R Brubaker EA President | OfficerTrustee | 5 | $0 |
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 | $508,523 |
| Investment income | $301 |
| 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 | $508,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,514 |
| Compensation of current officers, directors, key employees. | $55,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,182 |
| Pension plan accruals and contributions | $6,235 |
| Other employee benefits | $5,475 |
| Payroll taxes | $18,188 |
| Fees for services: Management | $9,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,210 |
| Fees for services: Lobbying | $38,510 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,676 |
| Information technology | $41,973 |
| Royalties | $0 |
| Occupancy | $42,692 |
| Travel | $5,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,626 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $328 |
| Insurance | $3,317 |
| All other expenses | $0 |
| Total functional expenses | $517,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,065 |
| Savings and temporary cash investments | $319,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,087 |
| 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 | $32,270 |
| Net Land, buildings, and equipment | $219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $654,365 |
| Accounts payable and accrued expenses | $30,220 |
| Grants payable | $0 |
| Deferred revenue | $209,531 |
| 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 | $39 |
| Total liabilities | $239,790 |
| Net assets without donor restrictions | $338,946 |
| Net assets with donor restrictions | $75,629 |
| 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 | $654,365 |
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