National Society Of Tax Professionals
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Vancouver, WA
- Founding
- 10/1987
- Data as of
- 09/2023
- EIN
- 91-1289294
Organization Overview
National Society Of Tax Professionals is located in Vancouver, WA. The organization was established in 1987. 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. As of 09/2023, National Society Of Tax Professionals employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Society Of Tax Professionals 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 09/2023, National Society Of Tax Professionals generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. 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
TO PROVIDE CONTINUING EDUCATION, INFORMATION AND RESOURCES TO TAX PROFESSIONALS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE MOST SIGNIFICANT ACTIVITIES ARE: 1)PROVIDING LIVE LOCAL AND REGIONAL SEMINARS WHICH ARE DEVELOPED AND PRESENTED ACROSS THE UNITED STATES TO MAKE THE TRAINING AS BENEFICIAL AND CONVENIENT AS POSSIBLE. NSTP'S SEMINARS PROVIDE OPPORTUNITIES TO MEET WITH THE ORGANIZATION'S OFFICERS, BOARD OF DIRECTORS AND FELLOW TAX PROFESSIONALS. 2) PROVIDING TRAINING MATERIALS, LIVE WEBINARS AND ON-DEMAND WEBINARS WHICH ARE PRODUCED TO UPDATE MEMBERS' TAX KNOWELDGE REGARDING CURRENT LEGISLATION WHICH BETTER ASSISTS ATTENDEE'S CLIENTS. THIS PROVIDES MEMBERS WITH REQUIRED CONTINUING EDUCATION CREDITS. BI-MONTHLY PUBLICATIONS & WEEKLY EMAILS ARE PROVIDED TO MEMBERS WITH RELEVANT TAX ARTICLES AND THE LATEST TAX LAW CHANGES. THESE ARE PROVIDED ELECTRONICALLY AND IN PRINT FORMAT. 3)PROVIDING A TAX HELPLINE TO MEMBERS WHICH PROVIDES RESPONSES AND ANSWERS TO MEMBER TAX INQUIRIES AS THEY RELATE TO THEIR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul La Monaca Secretary | OfficerTrustee | 10 | $73,877 |
Keith E Huebel President | OfficerTrustee | 2 | $9,281 |
Ryan J Pierce Treasurer | OfficerTrustee | 1 | $5,375 |
Carl Allen Director | Trustee | 1 | $3,781 |
Mary Esther Schneider Director | Trustee | 1 | $3,781 |
Rick Amico Vice Preside | OfficerTrustee | 1 | $3,125 |
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 | $1,063,967 |
| Investment income | $8,244 |
| 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 | $1,119,368 |
| 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 | $367,330 |
| Pension plan accruals and contributions | $12,568 |
| Other employee benefits | $8,516 |
| Payroll taxes | $28,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,901 |
| Fees for services: Accounting | $4,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,295 |
| Advertising and promotion | $11,554 |
| Office expenses | $18,675 |
| Information technology | $21,965 |
| Royalties | $0 |
| Occupancy | $59,791 |
| Travel | $15,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363,001 |
| Interest | $479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,754 |
| Insurance | $4,422 |
| All other expenses | $26,162 |
| Total functional expenses | $1,200,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,929 |
| Savings and temporary cash investments | $380,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,666 |
| Inventories for sale or use | $3,539 |
| Prepaid expenses and deferred charges | $58,548 |
| Net Land, buildings, and equipment | $2,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $404,132 |
| Other assets | $0 |
| Total assets | $1,010,376 |
| Accounts payable and accrued expenses | $43,210 |
| Grants payable | $0 |
| Deferred revenue | $622,189 |
| 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 | $149,900 |
| Total liabilities | $815,299 |
| Net assets without donor restrictions | $195,077 |
| 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 | $1,010,376 |