Texas Society Of Certified Public Accountants is located in Addison, TX. The organization was established in 1974. 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 05/2023, Texas Society Of Certified Public Accountants employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Texas Society 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 05/2023, Texas Society Of Certified Public Accountants generated $116.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $103.0k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION'S PRIMARY PURPOSE IS TO PROMOTE THE INTEREST OF CERTIFIED PUBLIC ACCOUNTANTS, ELEVATE THE STANDARD OF PROFICIENCY, INTEGRITY AND CHARACTER, CULTIVATE PROFESSIONAL COOPERATION AND SOCIAL INTERCOURSE BETWEEN MEMBERS AND COOPERATE WITH SIMILAR CHAPTERS OF THIS STATE AND WITH STATE AND NATIONAL ORGANIZATIONS OF CERTIFIED PUBLIC ACCOUNTANTS FOR THE ADVANCEMENT OF THE PROFESSION OF ACCOUNTANCY.
Describe the Organization's Program Activity:
Part 3
CONTINUING PROFESSIONAL EDUCATION
CHAPTER MEETINGS - NETWORKING AND PROFESSIONAL DEVELOPMENT
STUDENT INITIATIVES AND STUDENT MEMBERSHIP SPONSORSHIP
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Branton Director | 0.25 | $0 | |
Mehgan Ibanez Director | 0.25 | $0 | |
Tom Seale Imm Past Pres | 0.5 | $0 | |
Kevan Kirksey Treasurer Elect | 0.5 | $0 | |
Heather Sanders President Elect | 0.5 | $0 | |
Misty DE Wet President | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $67,036 |
Membership dues | $41,786 |
Investment income | $4,435 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $3,665 |
Total Revenue | $116,922 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $45,000 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $57,967 |
Total expenses | $102,967 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $294,919 |
Other assets | $0 |
Total assets | $298,144 |
Total liabilities | $22,571 |
Net assets or fund balances | $275,573 |