Indiana Cpa Society Inc
- Assets
- $6.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 19
- Location
- Indianapolis, IN
- Founding
- 05/1945
- Data as of
- 06/2023
- EIN
- 35-0846169
Organization Overview
Indiana Cpa Society Inc is located in Indianapolis, IN. The organization was established in 1945. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Indiana Cpa Society Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Cpa Society 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 06/2023, Indiana Cpa Society Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
OUR MISSION IS TO ENHANCE THE PROFESSIONAL SUCCESS OF OUR MEMBERS WHILE RESPECTING THE PUBLIC INTEREST; TO ENCOURAGE AND FACILITATE THE ADHERENCE TO HIGH ETHICAL AND PROFESSIONAL STANDARDS; TO FACILITATE RELATIONSHIPS THAT WILL BENEFIT OUR MEMBERS; TO PROMOTE A BETTER UNDERSTANDING OF SERVICES RENDERED BY CPAS; AND TO REPRESENT OUR PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND ADVOCATING FOR OUR NEARLY 6700 MEMBERS AND THE ACCOUNTING PROFESSION AND EDUCATING ACCOUNTING PROFESSIONALS. WE OFFERED OVER 4600 EDUCATIONAL OFFERINGS IN THE FORM OF SEMINARS, WEBINARS AND CONFERENCES WITH A TOTAL OF JUST OVER 12,000 REGISTRATIONS TO OUR EVENTS AND PROVIDED OVER 35,000 HOURS OF CONTINUING PROFESSIONAL EDUCATION. THE LEARNING PROVIDED EDUCATED ATTENDEES ON TECHNICAL ACCOUNTING ISSUES, PROFESSIONAL ISSUES AS WELL AS EMERGING TRENDS AND TECHNOLOGIES IMPACTING THE PROFESSION. WE ALSO PROVIDED 40 NETWORKING AND COLLABORATION OPPORTUNITIES FOR OUR MEMBERS TO MEET AND SHARE INSIGHTS AND BEST PRACTICES. WE ALSO ADVOCATE ON BEHALF OF THE PROFESSION BY WORKING WITH REGULATORY BODIES ON BEHALF OF OUR MEMBERS AND PROVIDING INSIGHTS RELATED TO LEGISLATIVE ISSUE IMPACT FROM A TAX AND ACCOUNTING PERSPECTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle A Simmerman CPA Vice Chair | OfficerTrustee | 2 | $0 |
Mandy M Parris Director | Trustee | 1 | $0 |
Douglas C Fahrnow CPA Cgma Director | Trustee | 1 | $0 |
Jacob T Buehler CPA Director | Trustee | 1 | $0 |
Michael L Still CPA Director | Trustee | 1 | $0 |
Melanie Dyan King CPA Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Mccoy Cpe Llc Seminars | 6/29/15 | $186,811 |
Hoven Roberson Seminars Seminars | 6/29/15 | $229,918 |
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 | $3,631,866 |
| Investment income | $76,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,700,236 |
| 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. | $431,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,085,522 |
| Pension plan accruals and contributions | $78,938 |
| Other employee benefits | $154,435 |
| Payroll taxes | $111,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $445 |
| Fees for services: Accounting | $36,400 |
| Fees for services: Lobbying | $81,057 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,144 |
| Fees for services: Other | $174,466 |
| Advertising and promotion | $12,488 |
| Office expenses | $297,764 |
| Information technology | $18,948 |
| Royalties | $0 |
| Occupancy | $310,140 |
| Travel | $81,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,486 |
| Insurance | $34,290 |
| All other expenses | $17,032 |
| Total functional expenses | $3,882,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,642 |
| Savings and temporary cash investments | $1,507,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $59,622 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,709 |
| Net Land, buildings, and equipment | $136,384 |
| Investments—publicly traded securities | $2,639,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,826 |
| Other assets | $1,414,447 |
| Total assets | $6,172,282 |
| Accounts payable and accrued expenses | $187,568 |
| Grants payable | $0 |
| Deferred revenue | $2,407,541 |
| 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 | $1,614,412 |
| Total liabilities | $4,209,521 |
| Net assets without donor restrictions | $1,962,761 |
| 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 | $6,172,282 |