Independent Accountants Association Of Illinois
- Assets
- $281.6k
- Revenue
- $180.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Springfield, IL
- Founding
- 02/1957
- Data as of
- 03/2023
- EIN
- 36-2429038
Organization Overview
Independent Accountants Association Of Illinois is located in Springfield, IL. The organization was established in 1957. 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 03/2023, Independent Accountants Association Of Illinois employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Accountants Association Of Illinois 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 03/2023, Independent Accountants Association Of Illinois generated $180.8k 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 (4.2%) each year. All expenses for the organization totaled $198.8k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
PROFESSIONAL EDUCATION OF MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX AND ACCOUNTING SEMINARS/PUBLICATIONS
GENERAL EDUCATION OF MEMBERSHIP.
CHAPTER EDUCATIONAL ACTIVITIES
CONVENTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary S Carpenter Chapter 5 Di | Trustee | $0 | |
Raymond W Heinen Chapter 11 D | Trustee | $0 | |
George R Crouse Jr Chapter 2 Di | Trustee | $0 | |
Wilbur Kruse Chapter 4 Di | Trustee | $0 | |
Robert E Kulig Chapter 14 D | Trustee | $0 | |
Edward J Lohman Chapter 8 Di | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $59,395 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,381 |
| Total Program Service Revenue | $114,615 |
| Investment income | $792 |
| 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 | $180,788 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $12,120 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,829 |
| Information technology | $11,917 |
| Royalties | $0 |
| Occupancy | $9,450 |
| Travel | $220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,991 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,007 |
| All other expenses | $48,979 |
| Total functional expenses | $198,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,125 |
| Savings and temporary cash investments | $52,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,256 |
| 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 | $3,304 |
| Net Land, buildings, and equipment | $640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $147,282 |
| Total assets | $281,614 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,025 |
| 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 | $1,644 |
| Total liabilities | $7,669 |
| Net assets without donor restrictions | $0 |
| 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 | $273,945 |
| Total liabilities and net assets/fund balances | $281,614 |