Accreditation Council For Accountancy And Taxation Inc

Organization Overview

Accreditation Council For Accountancy And Taxation Inc is located in Alexandria, VA. The organization was established in 1974. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accreditation Council For Accountancy And Taxation Inc 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 08/2023, Accreditation Council For Accountancy And Taxation Inc generated $220.5k 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 (3.5%) each year. All expenses for the organization totaled $255.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ACAT'S MISSION IS TO ACCREDIT PROFESSIONALS WHO HAVE DEMONSTRATED KNOWLEDGE OF THE PRINCIPLES, PRACTICES, AND ETHICAL STANDARDS OF ACCOUNTING, TAXATION, INFORMATION TECHNOLOGY AND RELATED FINANCIAL SERVICES IN ORDER TO MANTAIN THE HIGHEST LEVEL OF SERVICE TO THE PUBLIC; TO PROMOTE THE VALUE, RECOGNITION AND USE OF THE ACAT CREDENTIALS; TO PROTECT THE ABILITY TO USE THE EARNED CREDENTIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXAMINATIONS: THE COUNCIL ADMINISTERS AND GRADES EXAMS IN ACCOUNTING AND TAXATION TO HELP ASSURE THAT INDIVIDUALS APPLYING FOR ACCREDITATION HAVE THE NECESSARY SKILLS AND KNOWLEDGE IN THOSE FIELDS.


CERTIFICATES: AS A PART OF ITS EXAMINATION PROCESS THE COUNCIL PROVIDES RECOGNITION TO CANDIDATES WHO SUCCESSFULLY SATISFY EXAM REQUIREMENTS.


IN THE LAST YEAR, 6 INDIVIDUALS EARNED THE ACCREDITED BUSINESS ACCOUNTANT (ACCREDITED BUSINESS ADVISOR) CERTIFICATION. 19 INDIVIDUALS EARNED THE ACCREDITED TAX PREPARER DESIGNATION, 3 INDIVIDUALS EARNED THE ACCREDITED TAX ADVISOR DESIGNATION, AND 2 INDIVIDUALS EARNED THE ACCREDITED RETIREMENT ADVISOR DESIGNATION.


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Board, Officers & Key Employees

Name (title)Compensation
Joshua Caulfield
CEO
$0
Jesica Abella EA Aba
Vice Preside
$0
Mary A Lemons EA Aba
President
$0
Susan M Strautman CPA Aba
Director
$0
Janet C Downs EA ATA Aba Ara
Secretary/tr
$0
Cynthia Hunt EA ATA
Past Preside
$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$207,113
Investment income $13,386
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 $220,543

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