Ohio Society Of Certified Public Accountants
- Assets
- $11.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 74
- Location
- Columbus, OH
- Founding
- 08/1945
- Data as of
- 04/2023
- EIN
- 31-4378053
Organization Overview
Ohio Society Of Certified Public Accountants is located in Columbus, OH. The organization was established in 1945. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 04/2023, Ohio Society Of Certified Public Accountants employed 74 individuals. This organization is the central organization for a national or regional group of organizations. Ohio 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 04/2023, Ohio Society Of Certified Public Accountants generated $6.5m 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 (5.2%) each year. All expenses for the organization totaled $7.0m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. 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
FOSTERING PROFESSIONAL EXCELLENCE AND INTEGRITY, BUILDING COMMUNITY AND ADVOCATING FOR MEMBERS AND THOSE THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A HIGHLY SKILLED WORKFORCE IS ESSENTIAL IN TODAY'S COMPETITIVE ECONOMY. OSCPA OFFERS LEARNING AND WORKFORCE DEVELOPMENT PROGRAMS TO HELP CPAS AND RELATED PROFESSIONALS ENSURE THEIR TEAM IS EQUIPPED FOR THE CHALLENGES AND OPPORTUNITIES THAT LIE AHEAD. PROGRAMS ARE OFFERED LIVE AND ONLINE IN TECHNICAL SKILLS, PROFESSIONAL SKILLS, AND DIVERSITY AND INCLUSION.
PEER REVIEW PROGRAM MONITORS PROFESSIONAL PERFORMANCE TO ASSIST MEMBERS IN PROVIDING QUALITY PROFESSIONAL SERVICES TO THE PUBLIC. THE OHIO SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS, THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, AND THE ACCOUNTANCY BOARD OF OHIO REQUIRE CPA FIRMS THAT PROVIDE ACCOUNTING AND AUDITING SERVICES TO BE ENROLLED IN AN APPROVED PRACTICE MONITORING PROGRAM.
MEMBERSHIP PROGRAMS PROTECT THE INTEGRITY OF THE PROFESSION AND SERVE AS A TRUSTED SOURCE OF NEWS AND INFORMATION ON PROFESSION AND BUSINESS ISSUES. MEMBERSHIP SERVICES INCLUDE COMPLIMENTARY LEARNING, PUBLICATIONS, PROFESSIONAL NETWORKING AND VOLUNTEER OPPORTUNITIES TO ENHANCE CAPABILITIES AND SKILL SETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wiley President And CEO | OfficerTrustee | 50 | $551,169 |
Kyle Bickhart Chief Operating Officer | Officer | 50 | $250,534 |
Barbara Benton VP Government Relations | Officer | 50 | $231,097 |
Laura Hay Executive Vice President | Officer | 50 | $217,967 |
Tiffany Crosby Chief Learning Officer | Officer | 50 | $186,714 |
Gregory Saul Director Tax Policy | 50 | $145,590 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Switchbox Inc Software Development | 4/29/23 | $286,811 |
Clark Schaefer Hackett And Co Accounting And Peer Review Services | 4/29/23 | $170,376 |
Wbt Systems Limited Website Support | 4/29/23 | $148,671 |
Perbyte Inc Software Development | 4/29/23 | $161,480 |
Easy It Computer Support | 4/29/23 | $129,406 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,713 |
| 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 | $5,713 |
| Total Program Service Revenue | $6,374,664 |
| Investment income | $55,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $59,385 |
| 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 | $6,495,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,437,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,887,159 |
| Pension plan accruals and contributions | $222,596 |
| Other employee benefits | $526,958 |
| Payroll taxes | $245,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,079 |
| Fees for services: Accounting | $161,345 |
| Fees for services: Lobbying | $91,822 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,068 |
| Fees for services: Other | $188,372 |
| Advertising and promotion | $221,894 |
| Office expenses | $98,376 |
| Information technology | $501,811 |
| Royalties | $0 |
| Occupancy | $153,189 |
| Travel | $77,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,373 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,073 |
| Insurance | $40,092 |
| All other expenses | $1,320 |
| Total functional expenses | $6,953,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,735,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,831 |
| 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 | $312,438 |
| Net Land, buildings, and equipment | $452,618 |
| Investments—publicly traded securities | $6,500,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $997,489 |
| Other assets | $0 |
| Total assets | $11,123,698 |
| Accounts payable and accrued expenses | $2,166,092 |
| Grants payable | $0 |
| Deferred revenue | $3,072,324 |
| 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 | $206,942 |
| Total liabilities | $5,445,358 |
| Net assets without donor restrictions | $5,678,340 |
| 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 | $11,123,698 |