New Mexico Society Of Public Accountants
- Assets
- $63.3k
- Revenue
- $42.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 00/0000
- Data as of
- 04/2017
- EIN
- 85-0249006
Organization Overview
New Mexico Society Of Public Accountants is located in Albuquerque, NM. The organization was established in 0000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Society Of 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 04/2017, New Mexico Society Of Public Accountants generated $42.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $46.4k during the year ending 04/2017. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND MAINTAIN HIGHER PROFESSIONAL AND MORAL STANDARDS; TO DEVELOP AND IMPROVE ACCOUNTING EDUCATION; TO CORRECT ABUSES WITHIN THE PROFESSION; TO COMPILE AND DISTRIBUTE TO THE MEMBERS INFORMATION FOR THEIR BENEFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND IMPROVE ACCOUNTING EDUCATION AND PROMOTE HARMONY AND FELLOWSHIP AMONG THE ACCOUNTING AND RELATED PROFESSIONS IN THE STATE OF NEW MEXICO: HELD TWO DAY ANNUAL MEETING WITH EDUCATIONAL SESSIONS INCLUDING PRESENTERS FROM NEW MEXICO STATE AGENCIES.
TO DEVELOP AND IMPROVE ACCOUNTING EDUCATION: THE SOCIETY HELD VARIOUS EDUCATIONAL SEMINARS THROUGHOUT THE YEAR. THESE SEMINARS WERE RECOGNIZED BY THE NEW MEXICO STATE ACCOUNTANCY BOARD AS MEETING THE STANDARD FOR CERTIFIED PUBLIC ACCOUNTANTS CONTINUING EDUCATION REQUIREMENTS. TOPICS INCLUDED CURRENT TAX LAW CHANGES. SEMINAR BOOKS WERE ALSO SOLD AT THE SEMINARS, AND ASSOCIATION MEMBER WERE ABLE TO TAKE SEMINARS ONLINE.
TO COMPILE AND DISTRIBUTE TO THE MEMBERS INFORMATION FOR THEIR BENEFIT: THE SOCIETY MAINTAINS A WEB PAGE WITH INFORMATION PERTINENT TO OUR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Moye President | OfficerTrustee | 2 | $0 |
Ron Shibata Executive Vice President | OfficerTrustee | 2 | $0 |
Rick Beeman First Vice President | OfficerTrustee | 0.5 | $0 |
Sheryl Brown Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Linda Stephens Govenor District 1 | Trustee | 1 | $0 |
Sarah Yepa Govenor District 2 | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,032 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,116 |
| Total Program Service Revenue | $38,261 |
| Investment income | $21 |
| 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 | $42,398 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,386 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $573 |
| Office expenses | $157 |
| Information technology | $1,459 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,259 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,266 |
| All other expenses | $885 |
| Total functional expenses | $46,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,040 |
| Savings and temporary cash investments | $60,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $40 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $0 |
| Total liabilities | $300 |
| Unrestricted restricted net Assets | $62,963 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $62,963 |