Michigan Association Of Certified Public Accountants
- Assets
- $7.3m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Troy, MI
- Founding
- 05/1939
- Data as of
- 03/2024
- EIN
- 38-1233348
Organization Overview
Michigan Association Of Certified Public Accountants is located in Troy, MI. The organization was established in 1939. 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 03/2024, Michigan Association Of Certified Public Accountants employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Association 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 03/2024, Michigan Association Of Certified Public Accountants generated $7.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $7.1m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE OUR MEMBERS, THE CPA PROFESSION, AND THE PUBLIC THEY SERVE. AT OUR CORE, WE'RE YOUR ACE... HERE TO ADVOCATE, COLLABORATE, AND EDUCATE SO THAT YOU CAN BE AT YOUR BEST
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: THE OBJECTIVE IS TO PROVIDE ADVOCACY, BENEFIT PROGRAMS, TIMELY INFORMATION AND PROFESSIONAL UPDATES THROUGH PUBLICATIONS AND NETWORKING OPPORTUNITIES FOR APPROXIMATELY 17,007 MEMBERS INCLUDING CERTIFIED PUBLIC ACCOUNTANTS, AFFILIATED PROFESSIONALS, CPA CANDIDATES, STUDENTS, EDUCATORS, AND FIRM ADMINISTRATORS.
SPECIAL PROJECTS: THE OBJECTIVE IS TO RESEARCH AND DEVELOP INNOVATIVE WAYS OF PROVIDING CONTINUING PROFESSIONAL EDUCATION AND TO PROMOTE THE PROFESSION AND VOLUNTEERISM THROUGH COMMUNITY INVOLVEMENT (I.E. ACCOUNTING AID SOCIETY TAX PREPARATION, HIGH SCHOOL/COLLEGE EDUCATOR/STUDENT PROGRAMS AND CUSTOMIZED TRAINING).
CONTINUING EDUCATION: THE OBJECTIVE IS TO PROVIDE CONTINUING EDUCATION THROUGH SEMINARS, CONFERENCES AND ON DEMAND COURSES RELATED TO ACCOUNTING, AUDITING, ETHICS, TECHNOLOGY AND MANAGEMENT SKILLS; ATTENDED BY APPROXIMATELY 15,500 PARTICIPANTS ANNUALLY.
PEER REVIEW: THE OBJECTIVE IS TO ADMINISTER A PEER REVIEW PROGRAM FOR MICHIGAN FIRMS AND SOLE PRACTITIONERS TO ENSURE THAT THE STANDARDS ESTABLISHED BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA) ARE BEING MAINTAINED. APPROXIMATELY 672 FIRMS AND SOLE PRACTITIONERS ARE ENROLLED IN THE PEER REVIEW PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Doyle President & | Officer | 50 | $257,134 |
James Jagger Evp, Cmo | Officer | 50 | $189,572 |
Eric Lynn Svp, CFO | Officer | 50 | $144,927 |
Dan Todd Evp, Cio | Officer | 50 | $147,810 |
Katie Gadulka Svp, Chief M | Officer | 50 | $100,080 |
Peggy Jury Acting CFO | Officer | 50 | $104,201 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Mccoy Cpe Llc Course Speakers | 3/30/16 | $177,062 |
Public Affairs Association Llc Lobbyist | 3/30/16 | $104,500 |
Occham Razor Marketing/desig | 3/30/16 | $174,895 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,791 |
| 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 | $165,791 |
| Total Program Service Revenue | $7,086,429 |
| Investment income | $154,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,346,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $1,017,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,771,496 |
| Pension plan accruals and contributions | $65,559 |
| Other employee benefits | $219,920 |
| Payroll taxes | $216,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,485 |
| Fees for services: Accounting | $30,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,268 |
| Fees for services: Other | $1,028,255 |
| Advertising and promotion | $0 |
| Office expenses | $66,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,628 |
| Travel | $158,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $430,745 |
| Interest | $2,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $390,262 |
| Insurance | $28,433 |
| All other expenses | $13,953 |
| Total functional expenses | $7,141,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750 |
| Savings and temporary cash investments | $1,052,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,288 |
| 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 | $197,736 |
| Net Land, buildings, and equipment | $844,511 |
| Investments—publicly traded securities | $3,462,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,681,058 |
| Total assets | $7,285,225 |
| Accounts payable and accrued expenses | $492,872 |
| Grants payable | $0 |
| Deferred revenue | $1,324,862 |
| 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 | $1,866,984 |
| Total liabilities | $3,684,718 |
| Net assets without donor restrictions | $3,600,507 |
| 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 | $7,285,225 |