Oklahoma Society Of Certified Public Accountants
- Assets
- $4.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Oklahoma City, OK
- Founding
- 02/1986
- Data as of
- 04/2023
- EIN
- 73-0689320
Organization Overview
Oklahoma Society Of Certified Public Accountants is located in Oklahoma City, OK. The organization was established in 1986. 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, Oklahoma Society Of Certified Public Accountants employed 16 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Oklahoma 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, Oklahoma Society Of Certified Public Accountants generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.2m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
ORGANIZATION IS A BUSINESS SOCIETY WHICH SPONSORS CONTINUING PROFESSIONAL EDUCATION PROGRAMS FOR MEMBERS OF THE ACCOUNTING PROFESSION AND ADMINISTERS THE AICPA PEER REVIEW PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OSCPA IS A MEMBERSHIP ORGANIZATION OPEN TO CPAS WHO ARE IN GOOD STANDING WITH THEIR STATE BOARD OF ACCOUNTANCY, CPA EXAMINATION CANDIDATES, AND STUDENTS WHO ARE ENROLLED EITHER FULL OR PART TIME AT AN ACCREDITED COLLEGE OR UNIVERSITY WITH AN INTEREST IN ACCOUNTING. THE OSCPA PROVIDED THE FOLLOWING BENEFITS TO ITS MEMBERS DURING THE FISCAL YEAR: QUALITY CONTINUING EDUCATION, CPAFOCUS MAGAZINE, OSCPA WIRE E-NEWSLETTER AS WELL AS SEVERAL INDUSTRY PUBLICATIONS. THE OSCPA ALSO CLOSELY MONITORS PROPOSED LEGISLATION WITH POTENTIAL IMPACT ON THE PROFESSION.
THE OSCPA PROVIDED OVER 200 CPE COURSES AND CONFERENCES DURING THE FISCAL YEAR TO ITS MEMBERS.
THE OKLAHOMA SOCIETY OF CPAS ADMINISTERS THE AICPA PEER REVIEW PROGRAM FOR FIRMS WITH MAIN OFFICES LOCATED IN OKLAHOMA, SOUTH DAKOTA AND KANSAS. FIRMS NOT ASSOCIATED WITH THE AICPA, MAY ALSO TAKE PART IN THE PROGRAM. FIRMS THAT ARE REQUIRED TO BE REGISTERED WITH AND INSPECTED BY THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB) HAVE THEIR PEER REVIEW ADMINISTERED BY THE AICPA NATIONAL PEER REVIEW COMMITTEE (NATIONAL PRC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine M Peterson President & CEO | Officer | 40 | $159,073 |
Stephanie Trougakos COO | 40 | $110,731 | |
Janese Shepard Chairman | OfficerTrustee | 1 | $0 |
Vicky C Petete Chairman-Elect | OfficerTrustee | 1 | $0 |
Ross A Mckinney Vice Chairman | OfficerTrustee | 1 | $0 |
Joshua Josh L Elder Treasurer | 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 | $2,219,351 |
| Investment income | $166,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,487,456 |
| 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. | $183,155 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,627 |
| Pension plan accruals and contributions | $41,658 |
| Other employee benefits | $61,750 |
| Payroll taxes | $61,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,898 |
| Fees for services: Accounting | $31,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $69,925 |
| Office expenses | $19,198 |
| Information technology | $118,898 |
| Royalties | $0 |
| Occupancy | $83,428 |
| Travel | $4,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $484,896 |
| Interest | $17,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,041 |
| Insurance | $5,734 |
| All other expenses | $90,469 |
| Total functional expenses | $2,232,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,636 |
| Savings and temporary cash investments | $502,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,830 |
| 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 | $56,196 |
| Net Land, buildings, and equipment | $232,647 |
| Investments—publicly traded securities | $2,844,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $470,654 |
| Total assets | $4,525,811 |
| Accounts payable and accrued expenses | $91,096 |
| Grants payable | $0 |
| Deferred revenue | $253,768 |
| 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 | $596,432 |
| Total liabilities | $941,296 |
| Net assets without donor restrictions | $3,584,515 |
| 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 | $4,525,811 |