Independent Accountants Association Of Michigan
- Assets
- $415.1k
- Revenue
- $283.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bath, MI
- Founding
- 08/1985
- Data as of
- 09/2021
- EIN
- 38-6090995
Organization Overview
Independent Accountants Association Of Michigan, operating under the name Michigan Tax & Accounting Prof, is located in Bath, MI. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Tax & Accounting Prof 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 09/2021, Michigan Tax & Accounting Prof generated $283.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $263.1k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS CORPORATION IS TO PROTECT THE RIGHTS OF ITS MEMBERS; TO PROVIDE SERVICES AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS; TO IMPROVE AND ENHANCE MEMBER SKILLS; AND UPHOLD THE INTEGRITY OF THE ACCOUNTING AND TAX PREPARATION PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IS THE PRIMARY AND LARGEST ACTIVITY ENGAGED IN BY THE CORPORATION. MULTIPLE SEMINARS ARE OFFERED THROUGHOUT THE YEAR TO PROVIDE CONTINUING PROFESSIONAL EDUCATION OPPORTUNITIES TO MEMBERS WHO ARE ACCREDITED BUSINESS ACCOUNTANTS, ENROLLED AGENTS, CERTIFIED PUBLIC ACCOUNTANTS AND FINANCIAL PLANNERS. APPROXIMATELY 1,200 PERSONS ATTENDED VIRTUAL EDUCATION EVENTS.
EDUCATION IS THE PRIMARY AND LARGEST ACTIVITY ENGAGED IN BY THE CORPORAITON. MULTIPLE SEMINARS ARE OFFERED THROUGHOUT THE YEAR TO PROVIDE CONTINUING PROFESSIONAL EDUCATION OPPORTUNITIES TO MEMBERS WHO ARE ACCREDITED BUSINESS ACCOUNTANTS, ENROLLED AGENTS, CERTIFIED PUBLIC ACCOUNTANTS AND FINANCIAL PLANNERS. APPROXIMATELY 1,200 PERSONS ATTENDED VIRTUAL EDUCATION EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Beauchamp Secretary | Officer | $0 | |
Richard L Petrucha Director | Trustee | $0 | |
Robin Wheaton President | Officer | $0 | |
Maha-Rabah Khalil Vice Preside | Officer | $0 | |
Gary Carlisle Director | Trustee | $0 | |
David Vanderhovel Director | Trustee | $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 | $272,733 |
| Investment income | $4,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,753 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $107,982 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,178 |
| Fees for services: Lobbying | $1,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,604 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,698 |
| Total functional expenses | $263,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,312 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $17,901 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $288,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,615 |
| Total assets | $415,060 |
| Accounts payable and accrued expenses | $13,146 |
| Grants payable | $0 |
| Deferred revenue | $83,185 |
| 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 | $0 |
| Total liabilities | $96,331 |
| Net assets without donor restrictions | $318,729 |
| 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 | $415,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |