Arizona Society Of Certified Public Accountants
- Assets
- $5.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Phoenix, AZ
- Founding
- 05/1961
- Data as of
- 04/2023
- EIN
- 86-6050429
Organization Overview
Arizona Society Of Certified Public Accountants is located in Phoenix, AZ. The organization was established in 1961. 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, Arizona Society Of Certified Public Accountants employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona 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, Arizona Society Of Certified Public Accountants generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.1m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
WE ENHANCE THE SUCCESS OF OUR MEMBERS AND LEAD OUR PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONTINUING PROFESSIONAL EDUCATION TO MEMBERS OF THE PROFESSION THROUGH SEMINARS AND CONFERENCES. THE SOCIETY OFFERED A VARIETY OF CPE SEMINARS RANGING IN LENGTH FROM 2 HOURS TO 16 HOURS BOTH IN-PERSON CLASSROOM SETTINGS AND LIVE INTERACTIVE WEBINARS AND WEBCASTS. CONFERENCES ARE DEVELOPED BY VOLUNTEER PLANNING COMMITTEES THAT CREATE AGENDAS WITH UP-TO-DATE TOPICS AND BRING IN EXPERTS IN THE RESPECTIVE FIELD. THE CONTINUING PROFESSIONAL EDUCATION PROGRAM HAD 4,828 PARTICIPANTS IN THE FY 2022-2023.
THE SOCIETY PROVIDES INFORMATION REGARDING THE PRACTICE OF ACCOUNTING AND METHODS OF ACCOUNTING USED BY MEMBERS AND THE GENERAL PUBLIC. THE SOCIETY SPONSORS AN ONLINE FORUM THAT ALLOWS MEMBERS TO POST INFORMATION ON A VARIETY OF TOPICS AND INDUSTRIES. THE SOCIETY HELPS THE PUBLIC LEARN MORE ABOUT WHO CPAS ARE AND HOW THEY HELP THE PUBLIC THROUGH MEDIA CAMPAIGNS AND PROJECTS. THE SOCIETY ALSO ENGAGES COLLEGE STUDENTS WHO ARE ACCOUNTING MAJORS OR HAVE AN INTEREST IN ACCOUNTANCY.
THE SOCIETY PUBLISHES A PROFESSIONAL JOURNAL (6 ISSUES) THAT PROVIDE UPDATES TO THE ACCOUNTANTS IN ARIZONA, ARTICLES FROM VARIOUS CPA'S THAT FOCUS ON A SPECIFIC AREA OF INTEREST, AND UPCOMING CHANGES AND UPDATES WITHIN THE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Crump Chair | OfficerTrustee | 3 | $0 |
Andrea Levy Chair - Elect | OfficerTrustee | 3 | $0 |
Lauren Murro Secretary/treasurer | OfficerTrustee | 3 | $0 |
Tom Duensing Immediate Past Chair | OfficerTrustee | 3 | $0 |
Ben Cilek Director | Trustee | 1 | $0 |
Dave Collins Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phoenix Beach Instructor Services | 4/29/20 | $116,428 |
Demenna Public Affairs Legal, Lobbying & Legislative | 4/29/20 | $107,357 |
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 | $2,891,079 |
| Investment income | $120,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $51,403 |
| 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 | $12,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,075,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $592,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,445 |
| Pension plan accruals and contributions | $21,426 |
| Other employee benefits | $44,677 |
| Payroll taxes | $84,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,626 |
| Fees for services: Accounting | $79,980 |
| Fees for services: Lobbying | $77,885 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,062 |
| Fees for services: Other | $69,538 |
| Advertising and promotion | $29,090 |
| Office expenses | $21,212 |
| Information technology | $179,350 |
| Royalties | $0 |
| Occupancy | $99,485 |
| Travel | $31,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,417 |
| Interest | $682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,576 |
| Insurance | $10,977 |
| All other expenses | $19,617 |
| Total functional expenses | $3,114,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,203 |
| Savings and temporary cash investments | $617,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,792 |
| 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 | $113,181 |
| Net Land, buildings, and equipment | $25,076 |
| Investments—publicly traded securities | $3,881,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,719 |
| Other assets | $88,970 |
| Total assets | $5,295,083 |
| Accounts payable and accrued expenses | $322,238 |
| Grants payable | $0 |
| Deferred revenue | $570,896 |
| 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 | $7,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,431 |
| Total liabilities | $992,895 |
| Net assets without donor restrictions | $4,302,188 |
| 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 | $5,295,083 |