Colorado Society Of Certified Public Accountants
- Assets
- $4.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Englewood, CO
- Founding
- 08/1995
- Data as of
- 04/2023
- EIN
- 84-0397653
Organization Overview
Colorado Society Of Certified Public Accountants is located in Englewood, CO. The organization was established in 1995. 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, Colorado Society Of Certified Public Accountants employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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, Colorado Society Of Certified Public Accountants generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $3.6m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MEMBERS IN PROVIDING QUALITY PROFESSIONAL SERVICES TO SERVE THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICE - COLORADO SOCIETY OF CPAS (THE ORGANIZATION) DEVELOPS AND PROVIDES SERVICES AND BENEFITS TO MEMBERS. THE ORGANIZATION OFFERS ACTIVITIES TO ASSIST MEMBERS IN UNDERSTANDING AND ADJUSTING TO CHANGES IN THE ECONOMIC, POLITICAL, SOCIAL AND TECHNOLOGICAL ENVIRONMENT, AND PROVIDES OPPORTUNITIES FOR MEMBERS TO PARTICIPATE IN COMMUNITY, BUSINESS, LEGISLATIVE, EDUCATIONAL, AND OTHER ACTIVITIES WHERE THEIR EXPERTISE IS NEEDED. BENEFITS INCLUDE NETWORKING, TECHNICAL SUPPORT, AND LEGISLATIVE AND REGULATORY REPRESENTATION AND ADVOCACY, PROGRAMS AND ACTIVITIES TO RECRUIT STUDENTS INTO THE PROFESSION AND PROMOTE THE PROFESSION TO THE PUBLIC.
CONTINUING PROFESSIONAL EDUCATION - COLORADO SOCIETY OF CPAS PROVIDES EDUCATIONAL INSTRUCTION AND MATERIALS ON ACCOUNTING, AUDITING, TAXATION, AND OTHER TOPICS IMPORTANT TO ACCOUNTING PROFESSIONALS TO ASSIST IN THE CONTINUING DEVELOPMENT OF THEIR PROFESSIONAL EXPERTISE.
PEER REVIEW SERVICES - COLORADO SOCIETY OF CPAS PROVIDES SERVICES TO MEMBERS AND NONMEMBERS WHO ARE ENGAGED IN THE PRACTICE OF PUBLIC ACCOUNTING AND ARE ENROLLED IN AN APPROVED PRACTICE MONITORING PROGRAM, WHICH MONITORS PROFESSIONAL PERFORMANCE TO ENFORCE PROFESSIONAL STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Medley Ceo/secretary (thru 9/22) | OfficerTrustee | 45 | $280,415 |
Alicia Gelinas Cfo Thru 922 Ceo/secretary (from 9/22) | OfficerTrustee | 49 | $153,837 |
Angela Roberts Chair | OfficerTrustee | 5 | $0 |
Diego Baca Vice Chair | OfficerTrustee | 1 | $0 |
Amy King Treasurer | OfficerTrustee | 1 | $0 |
Randy Watkins Past Chair | 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 | $3,254,437 |
| Investment income | $165,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,846 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,409,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,298 |
| 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. | $664,983 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,871 |
| Pension plan accruals and contributions | $30,826 |
| Other employee benefits | $98,133 |
| Payroll taxes | $99,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,250 |
| Fees for services: Accounting | $18,100 |
| Fees for services: Lobbying | $37,185 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,500 |
| Fees for services: Other | $597,763 |
| Advertising and promotion | $55,012 |
| Office expenses | $32,780 |
| Information technology | $277,612 |
| Royalties | $22,718 |
| Occupancy | $294,606 |
| Travel | $0 |
| 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 | $29,073 |
| Insurance | $13,441 |
| All other expenses | $59,418 |
| Total functional expenses | $3,626,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $327,547 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,682 |
| 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 | $68,669 |
| Net Land, buildings, and equipment | $11,372 |
| Investments—publicly traded securities | $3,051,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $516,339 |
| Total assets | $4,064,566 |
| Accounts payable and accrued expenses | $243,659 |
| Grants payable | $0 |
| Deferred revenue | $246,309 |
| 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 | $563,546 |
| Total liabilities | $1,053,514 |
| Net assets without donor restrictions | $3,011,052 |
| 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 | $4,064,566 |