Georgia Society Of Certified Public Accountants Inc
- Assets
- $7.3m
- Revenue
- $5.4m
- Investments
- $4.4m
- Employees
- 24
- Location
- Atlanta, GA
- Founding
- 07/1997
- Data as of
- 05/2023
- EIN
- 58-0697399
Organization Overview
Georgia Society Of Certified Public Accountants Inc is located in Atlanta, GA. The organization was established in 1997. 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 05/2023, Georgia Society Of Certified Public Accountants Inc employed 24 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Georgia Society Of Certified Public Accountants 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 05/2023, Georgia Society Of Certified Public Accountants Inc generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $6.4m during the year ending 05/2023. 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
THE MISSION OF THE GEORGIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS TO HELP MEMBERS ACHIEVE THEIR VISION OF THE FUTURE BY PROVIDING LEADERSHIP IN A CHANGING ENVIRONMENT, OFFERING OPPORTUNITIES TO LEARN AND DEMONSTRATE SKILLS CRITICAL TO SUCCESS, PROMOTING AND ADVANCING THE ACCOUNTING PROFESSION, AND FOSTERING HIGH STANDARDS OF INTEGRITY AND OBJECTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED PROFESSIONAL EDUCATION:THE PURPOSE OF THIS PROGRAM IS TO ASSIST MEMBERS IN COMPLYING WITH HIGH PROFESSIONAL STANDARDS THROUGH CONTINUING PROFESSIONAL EDUCATION ACTIVITIES AND TO PROVIDE FACILITIES FOR THE DISSEMINATION OF PROFESSIONAL ACCOUNTING KNOWLEDGE. INDIVIDUAL COURSES AS WELL AS IN DEPTH CONFERENCES COVER A WIDE VARIETY OF ACCOUNTING, FINANCE, TAX AND FINANCIAL MANAGEMENT SUBJECTS. THROUGHOUT THE YEAR, 333 SEMINARS AND 18 CONFERENCES SERVE APPROXIMATELY 6,500 PARTICIPANTS IN VARIOUS LOCATIONS THROUGHOUT THE STATE.
MEMBER SERVICES:PROGRAMS WITHIN THIS CATEGORY PROVIDE AN EXTENSIVE ARRAY OF SERVICES TO ALMOST 10,900 MEMBERS AND THE ACCOUNTING COMMUNITY. CHAPTERS, 14 REGIONALLY BASED GROUPS, WITH OVER 4,600 MEMBERS, HOLD MONTHLY/QUARTERLY MEETINGS. COUNCIL MEETINGS, COMPRISED OF 120 REPRESENTATIVES OF THE SOCIETY'S MEMBERS. OVER 850 STUDENT MEMBERS ENGAGE IN NUMEROUS PROGRAMS FOCUSED ON PROMOTING ACCOUNTING EDUCATION AND PROFESSIONAL OPPORTUNITIES. ADDITIONAL MEMBER RESOURCES INCLUDE THE SOCIETY WEBSITE, NEW MEMBER CERTIFICATES AND INFORMATIONAL MEDIA AS WELL AS NETWORKING OPPORTUNITIES.
PROFESSIONAL COMMUNICATION: COMMUNICATING THE MISSIONS OF THE SOCIETY IS AN ON-GOING AND INTENSIVE EFFORT THAT INCLUDES A BI-MONTHLY MAGAZINE MAILED TO ALL MEMBERS, AN ELECTRONIC NEWSLETTER SENT OUT TWICE A MONTH WITH INFORMATION ON THE PROFESSION AND THE SOCIETY'S PROGRAMS AND SERVICES. INFORMATION IS PROVIDED TO OVER 850 COLLEGE STUDENTS ON AN ON-GOING BASIS AND EDUCATORS AT COLLEGES AND HIGH SCHOOLS RECEIVE REGULAR NEWSLETTERS AND EVENT PROMOTION. MARKETING INFORMATION ON SEMINARS AND CONFERENCES IS MADE AVAILALE TO MEMBERS THROUGH POSTCARDS, PUBLICATIONS, AND ELECTRONIC NEWSLETTERS. OVER 600 PRESS RELEASES ARE SENT ANNUALLY TO INFORM THE GENERAL PUBLIC OF THE IMPORTANT ISSUES RELATED TO THE PROFESSION AND TIPS FOR GOOD MONEY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Harrison Jr Immediate Past Chair | OfficerTrustee | 2 | $0 |
Deborah T Thaw Chair | OfficerTrustee | 2 | $0 |
Kathryn M Fletcher Treasurer | OfficerTrustee | 2 | $0 |
Boyd E Search Secretary | OfficerTrustee | 37.5 | $335,884 |
Carlton H Hodges Chair Elect | OfficerTrustee | 2 | $0 |
Victoria M Barry Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Don Farmer Cpa Pa Educational Services | 5/30/23 | $246,426 |
Olympic Printing Printing Services | 5/30/23 | $183,045 |
Surgent Educational Services | 5/30/23 | $136,615 |
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 | $5,387,174 |
| Investment income | $68,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $991 |
| Net Rental Income | $10,668 |
| Net Gain/Loss on Asset Sales | -$126,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,375,088 |
| 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. | $521,564 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,604,391 |
| Pension plan accruals and contributions | $196,000 |
| Other employee benefits | $180,795 |
| Payroll taxes | $137,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,106 |
| Fees for services: Lobbying | $65,547 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,612 |
| Advertising and promotion | $130,199 |
| Office expenses | $169,330 |
| Information technology | $203,777 |
| Royalties | $0 |
| Occupancy | $546,215 |
| Travel | $228,818 |
| 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 | $173,277 |
| Insurance | $35,569 |
| All other expenses | $315,146 |
| Total functional expenses | $6,414,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839,948 |
| Savings and temporary cash investments | $88,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,325 |
| 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 | $244,089 |
| Net Land, buildings, and equipment | $324,079 |
| Investments—publicly traded securities | $234,958 |
| Investments—other securities | $4,420,089 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,100,827 |
| Total assets | $7,321,245 |
| Accounts payable and accrued expenses | $693,350 |
| Grants payable | $0 |
| Deferred revenue | $1,180,343 |
| 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 | $1,496,456 |
| Total liabilities | $3,370,149 |
| Net assets without donor restrictions | $3,820,162 |
| Net assets with donor restrictions | $130,934 |
| 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 | $7,321,245 |