Iowa Society Of Certified Public Accountants
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 9
- Location
- West Des Moines, IA
- Founding
- 09/1939
- Data as of
- 04/2023
- EIN
- 42-0797094
Organization Overview
Iowa Society Of Certified Public Accountants is located in West Des Moines, IA. The organization was established in 1939. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2023, Iowa Society Of Certified Public Accountants employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa 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, Iowa Society Of Certified Public Accountants generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.0m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
ADVANCING THE PROFESSIONAL SUCCESS OF OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL EDUCATION - PROVIDE LEARNING OPPORTUNITIES FOR MEMBERS TO IMPROVE PROFESSIONAL PROFICIENCY AND INCREASE THE QUALITY OF THEIR SERVICES. OFFER SEMINARS, CONFERENCES, WEBINARS, ON-DEMAND, AND IN-FIRM COURSES ANNUALLY ON VARIOUS TECHNICAL AND PROFESSIONAL TOPICS. CPE ATTENDANCE FOR THE ISCPA-SPONSORED WEBINAR EDUCATION FOR THE FISCAL YEAR ENDING APRIL 30, 2023 WAS 3,046 INDIVIDUALS.
MEMBER SERVICES - PROMOTE MEMBERS WITH AN ANNUAL MEETING AND LEADERSHIP CONFERENCE, NETWORKING EVENTS, A MONTH OF SERVICE TO PROMOTE THE COMMUNITY INVOLVEMENT OF CPAS TO THE GENERAL PUBLIC, AND COMMITTEE OPPORTUNITIES AND OTHER ACTIVITIES FOR THE BETTERMENT OF CPAS.
LEGISLATIVE ACTION REGARDING CPAS: EDUCATE THE KEY GENERAL MEMBERSHIP INCLUDING LEGISLATIVE LEADERS, BOARD OF DIRECTORS AND COMMITTEES, AS WELL AS THE LEGISLATORS ON ADVOCACY ISSUES RELATING TO THE CPA PROFESSION WITHIN THE STATE OF IOWA. THIS MAY INCLUDE PROFESSIONAL LICENSING ISSUES, TAX ADMINISTRATIVE ISSUES AND ANY OTHER LEGISLATIVE ISSUES THAT MAY AFFECT THE CPA PROFESSION IN THE STATE OF IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia S Adams CEO Through 10/25/22 | Officer | 40 | $215,590 |
Toni Roof Director Of It | 40 | $110,962 | |
Dawn Latham CEO Starting 9/6/22 | Officer | 40 | $77,757 |
Emily E Heeren Past Chair | OfficerTrustee | 1 | $843 |
Kevin J Den Adel Chair | OfficerTrustee | 1 | $0 |
Alison A Vanotterloo Vice Chair | OfficerTrustee | 1 | $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 | $1,810,008 |
| Investment income | $58,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,653 |
| 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. | $298,772 |
| Compensation of current officers, directors, key employees. | $119,509 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $413,117 |
| Pension plan accruals and contributions | $66,606 |
| Other employee benefits | $77,542 |
| Payroll taxes | $53,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $893 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,097 |
| Fees for services: Other | $17,065 |
| Advertising and promotion | $0 |
| Office expenses | $54,706 |
| Information technology | $94,553 |
| Royalties | $0 |
| Occupancy | $106,208 |
| Travel | $47,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,702 |
| Insurance | $17,789 |
| All other expenses | $28,303 |
| Total functional expenses | $1,959,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,894 |
| Savings and temporary cash investments | $27,459 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,399 |
| 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 | $35,146 |
| Net Land, buildings, and equipment | $60,509 |
| Investments—publicly traded securities | $2,178,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $235,070 |
| Total assets | $2,638,704 |
| Accounts payable and accrued expenses | $81,824 |
| Grants payable | $0 |
| Deferred revenue | $138,138 |
| 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 | $242,140 |
| Total liabilities | $462,102 |
| Net assets without donor restrictions | $2,176,602 |
| 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 | $2,638,704 |