Tennessee Society Of Certified Public Accountants
- Assets
- $3.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Brentwood, TN
- Founding
- 12/1974
- Data as of
- 03/2024
- EIN
- 62-0636194
Organization Overview
Tennessee Society Of Certified Public Accountants is located in Brentwood, TN. The organization was established in 1974. 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 03/2024, Tennessee Society Of Certified Public Accountants employed 20 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tennessee 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 03/2024, Tennessee Society Of Certified Public Accountants generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.5m during the year ending 03/2024. While expenses have increased by 2.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF THE TENNESSEE SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS TO DRIVE THE SUCCESS OF OUR MEMBERS AND THE COMMUNITIES THEY SERVE THROUGH CONNECTIONS, PROFESSIONAL DEVELOPMENT AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TSCPA PROVIDES ASSISTANCE TO CONTINUING EDUCATION PROGRAMS WHICH PROVIDES THE NEEDED CONTINUING EDUCATION COURSES FOR THE SOCIETY'S MEMBERS ATTENDING THE DIFFERENT COURSES OFFERED. IN ADDITION, THE SOCIETY ALSO PROVIDES MEMBER SERVICES TO ITS MEMBERS THROUGH PUBLICATIONS, NEWSLETTERS, COMMITTEE MEETINGS, AND ANNUAL CONVENTION OF MEMBERS. IT ALSO PROVIDES QUALITY ASSURANCE REVIEW SERVICES TO MANY MEMBER AND NON MEMBER FIRMS THROUGH THE PEER REVIEW PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara N Fitzgerald President/ceo | Officer | 35 | $325,481 |
B Bradford Floyd Former President/ceo | 0 | $235,000 | |
Kathryn B Cheek Chief Operating Officer | 32 | $136,790 | |
Justin J Steele Dir Of Prof Development | 1 | $112,294 | |
Aleshia D Garrett Dir Of Communications & Technology | 30 | $104,269 | |
Jonathan Bailey Chair | Trustee | 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 | $2,965,028 |
| Investment income | $77,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,850 |
| Net Rental Income | $109,623 |
| Net Gain/Loss on Asset Sales | $6,395 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,276,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $500,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,063,748 |
| Pension plan accruals and contributions | $160,904 |
| Other employee benefits | $143,586 |
| Payroll taxes | $123,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,635 |
| Fees for services: Lobbying | $56,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,280 |
| Fees for services: Other | $37,888 |
| Advertising and promotion | $0 |
| Office expenses | $72,417 |
| Information technology | $226,226 |
| Royalties | $0 |
| Occupancy | $145,453 |
| Travel | $73,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251,778 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,711 |
| Insurance | $60,263 |
| All other expenses | $640 |
| Total functional expenses | $3,513,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $221,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,352 |
| 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 | $104,705 |
| Net Land, buildings, and equipment | $1,559,725 |
| Investments—publicly traded securities | $1,784,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,749 |
| Total assets | $3,850,298 |
| Accounts payable and accrued expenses | $58,160 |
| Grants payable | $0 |
| Deferred revenue | $536,079 |
| 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 | $330,826 |
| Total liabilities | $925,065 |
| Net assets without donor restrictions | $2,925,233 |
| 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 | $3,850,298 |