Montana Society Of Certified Public Accountants
- Assets
- $550.6k
- Revenue
- $719.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Helena, MT
- Founding
- 11/1969
- Data as of
- 01/2024
- EIN
- 81-0304749
Organization Overview
Montana Society Of Certified Public Accountants is located in Helena, MT. The organization was established in 1969. 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 01/2024, Montana Society Of Certified Public Accountants employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana 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 01/2024, Montana Society Of Certified Public Accountants generated $719.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $756.8k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO INSPIRE, EMPOWER, AND IMPACT MEMBERS TO ACHIEVE PROFESSIONAL EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL EDUCATION COURSES PROVIDED TO MEMBERS IN ORDER FOR THEM TO MEET MANDATORY EDUCATION REQUIREMENTS. THE MTCPA OFFERS BETWEEN 25-30 CLASSES EACH YEAR TO APPROXIMATELY 1,000 PEOPLE. THESE CLASSES AND CONFERENCES HELP THEM FULFILL THEIR MANDATORY CONTINUING EDUCATION REQUIREMENTS AND MORE. THIS EDUCATION ENHANCES THEIR PROFESSIONAL KNOWLEDGE, ENCOURAGING CPAS TO BECOME MORE SUCCESSFUL AND, IN THE EVER CHANGING WORLD OF THE ACCOUNTING PROFESSION, ALLOWING THEM TO LEARN ABOUT THE REGULATORY AND TAX CHANGES THAT OCCUR EACH YEAR THEREBY BRINGING MORE VALUE TO THE PEOPLE RELYING UPON THEIR EXPERTISE.
OTHER PROGRAMSMTCPA PUBLISHES ELECTRONIC NEWSLETTERS AS SERVICE TO THE MEMBERSHIP. THE ELECTRONIC NEWSLETTER IS SENT TO MORE THAN 1,400 MEMBERS WEEKLY AND IS AVAILABLE ON THE SOCIETY'S WEBSITE. IN ADDITION TO THE NEWSLETTER, MSCPA PROVIDES VARIOUS PROGRAMS TO SUPPORT MEMBERS AND THE PROFESSION.
ANNUAL MEETING OF MEMBERSMTCPA OFFERS A THREE DAY ANNUAL MEETING THAT ATTRACTS APPROXIMATELY 100 ACCOUNTING PROFESSIONALS EACH YEAR. THE ANNUAL MEETING FEATURES MULTIPLE HOURS OF PROFESSIONAL EDUCATION AS WELL AS NETWORKING OPPORTUNITIES FOR CPAS ACROSS MONTANA.
LEGISLATIVE PROGRAM FOR MEMBERSMTCPA MONITORS STATE AND FEDERAL LEGISLATION AND ADMINISTRATIVE RULES AFFECTING THE ACCOUNTING PROFESSION, SPECIFICALLY IN AREAS OF TAXATION, ECONOMIC DEVELOPMENT AND BUSINESS ISSUES AND SERVES AS AS ADVOCATE FOR THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Faulhaber Director | Trustee | 5 | $0 |
Chet Mclean Director | Trustee | 5 | $0 |
Eric Roberts Director | Trustee | 5 | $0 |
Leo Prigge Director | Trustee | 5 | $0 |
Rebecca Turner Director | Trustee | 5 | $0 |
Russell Davis Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $313,563 |
| 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 | $313,563 |
| Total Program Service Revenue | $394,438 |
| Investment income | $11,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $719,022 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,405 |
| Payroll taxes | $17,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,560 |
| Advertising and promotion | $28,842 |
| Office expenses | $2,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,670 |
| Travel | $47,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,958 |
| Insurance | $7,301 |
| All other expenses | $18,674 |
| Total functional expenses | $756,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,544 |
| Savings and temporary cash investments | $488,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,572 |
| 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 | $10,100 |
| Net Land, buildings, and equipment | $4,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $550,576 |
| Accounts payable and accrued expenses | $54,114 |
| Grants payable | $0 |
| Deferred revenue | $54,620 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $8,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $116,734 |
| Net assets without donor restrictions | $433,842 |
| 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 | $550,576 |