Washington Society Of Certified Public Accountants
- Assets
- $12.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Bellevue, WA
- Founding
- 10/1978
- Data as of
- 05/2023
- EIN
- 91-0462093
Organization Overview
Washington Society Of Certified Public Accountants is located in Bellevue, WA. The organization was established in 1978. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Washington Society Of Certified Public Accountants employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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 05/2023, Washington Society Of Certified Public Accountants generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $4.2m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A COMMUNITY OF CPAS AND FINANCIAL PROFESSIONALS CULTIVATING AUTHENTIC RELATIONSHIPS, UNIQUE LEARNING EXPERIENCES, AND PURPOSEFUL ADVOCACY FOR OUR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WSCPA PROVIDES OVER 3,000 CONTINUING EDUCATION SEMINARS, CONFERENCES AND WEBCAST/WEBINARS THROUGHOUT THE STATE. SUPPORTING REQUIREMENTS FOR CPAS TO STAY CURRENT ON PROFESSIONAL STANDARDS AND TECHNICAL ISSUES RELATED TO THEIR AREAS OF PRACTICE. MANY OF THE COURSES PROVIDE OPPORTUNITIES TO BUILD PROFESSIONAL AND PERSONAL NETWORKS.
THE WSCPA OVERSEES THE PEER REVIEW (QUALITY ASSURANCE) PROGRAM FOR OVER 390 WASHINGTON FIRMS TO ENHANCE AND ENSURE THE QUALITY OF ACCOUNTING, AUDITING AND ATTESTATION SERVICES PERFORMED BY THE WSCPA AND AICPA MEMBERS IN PUBLIC PRACTICE.
THE WSCPA PROVIDES OPPORTUNITIES FOR MEMBERS TO INTERACT THROUGH COMMITTEE, CHAPTER AND NETWORKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Scott President & CEO | OfficerTrustee | 40 | $276,475 |
Thomas Sulewski Ip Chair | OfficerTrustee | 0.5 | $0 |
Sara Bailey Chair | OfficerTrustee | 0.5 | $0 |
Andrew Brajcich Vice Chair | OfficerTrustee | 0.5 | $0 |
Joyce Lee Treasurer | OfficerTrustee | 0.5 | $0 |
Writu Kakshapati Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ca Cpa Education Foundation Educational Webinars | 5/30/22 | $185,396 |
Cutting Edge Tax Strategies Llc Cpe Provider | 5/30/22 | $111,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,622,502 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,286 |
| 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 | $1,885,788 |
| Total Program Service Revenue | $1,821,118 |
| Investment income | $223,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,060,313 |
| 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. | $529,479 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,283,401 |
| Pension plan accruals and contributions | $29,686 |
| Other employee benefits | $215,135 |
| Payroll taxes | $135,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,961 |
| Fees for services: Lobbying | $72,922 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,306 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $46,699 |
| Information technology | $184,660 |
| Royalties | $0 |
| Occupancy | $84,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,826 |
| Insurance | $30,418 |
| All other expenses | $10,304 |
| Total functional expenses | $4,185,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,262 |
| 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 | $190,778 |
| Net Land, buildings, and equipment | $59,566 |
| Investments—publicly traded securities | $10,591,831 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $863,522 |
| Total assets | $12,488,548 |
| Accounts payable and accrued expenses | $408,180 |
| Grants payable | $0 |
| Deferred revenue | $1,073,491 |
| 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 | $896,075 |
| Total liabilities | $2,377,746 |
| Net assets without donor restrictions | $10,110,802 |
| 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 | $12,488,548 |