Society Of Louisiana Certified Public Accountants
- Assets
- $5.4m
- Revenue
- $4.0m
- Investments
- $3.4m
- Employees
- 19
- Location
- Metairie, LA
- Founding
- 11/1987
- Data as of
- 04/2024
- EIN
- 72-0464809
Organization Overview
Society Of Louisiana Certified Public Accountants is located in Metairie, LA. The organization was established in 1987. 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 04/2024, Society Of Louisiana Certified Public Accountants employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Louisiana 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 04/2024, Society Of Louisiana Certified Public Accountants generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $3.9m during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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 THE COMMON NEEDS OF CERTIFIED PUBLIC ACCOUNTANT MEMBERS AND TO ENHANCE THE PROFESSIONAL ENVIRONMENT IN WHICH THEY WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 4,115 CONTINUING PROFESSIONAL EDUCATION COURSES, SEMINARS, AND WORKSHOPS WERE OFFERED DURING THE YEAR TO 10,659 PARTICIPANTS
PROVIDED MEMBER SERVICES TO 6,278 MEMBERS INCLUDING SERVING THE COMMON NEEDS OF ITS MEMBERS AND TO ENHANCE THE PROFESSIONAL ENVIRONMENT IN WHICH THEY WORK.
ADMINISTERED THE PEER REVIEW PROGRAM FOR APPROXIMATELY 101 C.P.A. FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Norris Immediate-Past Chair | OfficerTrustee | 2 | $0 |
J Bryan Ehricht Chair | OfficerTrustee | 2 | $0 |
Greg Booth Member At Large | Trustee | 1 | $0 |
Kenneth Champagne Member At Large | Trustee | 1 | $0 |
Bridget Kaigler Chair-Elect | OfficerTrustee | 2 | $0 |
J Drew Pendarvis Member At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Mccoy Self Study Cpe Llc Cpe Vendor | 4/29/24 | $307,373 |
Bpn Inc Cpe Vendor | 4/29/24 | $158,357 |
The Ritz Carlton - Marriott Business Ser Events Hotel | 4/29/24 | $152,011 |
Hilton New Orleans Riverside Events Hotel | 4/29/24 | $148,712 |
Broadwall Management Corp As Managing Ag Landlord | 4/29/24 | $147,217 |
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 | $3,509,412 |
| Investment income | $101,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,969 |
| Net Rental Income | $5,390 |
| Net Gain/Loss on Asset Sales | $302,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,977,527 |
| 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. | $962,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $97,147 |
| Other employee benefits | $119,542 |
| Payroll taxes | $76,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,900 |
| Fees for services: Lobbying | $19,873 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,656 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $191,257 |
| Information technology | $108,711 |
| Royalties | $0 |
| Occupancy | $143,195 |
| Travel | $273,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,050 |
| Insurance | $50,662 |
| All other expenses | $118,521 |
| Total functional expenses | $3,864,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $696,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,044 |
| 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 | $57,654 |
| Net Land, buildings, and equipment | $159,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,419,822 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,012,603 |
| Total assets | $5,369,308 |
| Accounts payable and accrued expenses | $449,396 |
| Grants payable | $0 |
| Deferred revenue | $261,666 |
| 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 | $895,410 |
| Total liabilities | $1,606,472 |
| Net assets without donor restrictions | $3,762,836 |
| 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 | $5,369,308 |