California Society Of Certified Public Accountants
- Assets
- $31.4m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Sacramento, CA
- Founding
- 01/1948
- Data as of
- 04/2023
- EIN
- 94-1056137
Organization Overview
California Society Of Certified Public Accountants is located in Sacramento, CA. The organization was established in 1948. 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 04/2023, California Society Of Certified Public Accountants employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California 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, California Society Of Certified Public Accountants generated $11.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $14.1m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% 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 ITS MEMBERS AND PROMOTE THE INTEGRITY OF THE CPA PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES AND CHAPTER PROGRAMS - CALCPA REPRESENTS AND PROVIDES SERVICES TO CPAS AND FINANCE PROFESSIONALS IN CALIFORNIA. STATEWIDE COMMITTEES AND LEADERSHIP GROUPS COLLABORATE ON PROJECTS THAT INCREASE MEMBERS' TECHNICAL KNOWLEDGE, ENHANCE THE PROFESSION'S IMAGE, INFLUENCE REGULATION AND LEGISLATION, ATTRACT THE BEST AND THE BRIGHTEST TO THE PROFESSION AND STUDY THE CPA'S ROLE IN LOCAL, NATIONAL, AND GLOBAL ECONOMIES. CALCPA HAS MORE THAN 39,000 MEMBERS WITH 14 CHAPTERS THROUGHOUT THE STATE, EACH OF WHICH ENGAGES WITH LOCAL ACCOUNTING FIRMS, EDUCATIONAL INSTITUTIONS, AND OTHER FINANCIAL MEMBER GROUPS. CHAPTERS HOST LOCAL AND CHAPTER-WIDE MEMBER GROUPS THAT MEET REGULARLY TO EXCHANGE PROFESSIONAL KNOWLEDGE AND CONNECT WITH THEIR PEERS. THE CHAPTERS HELD ABOUT 275 MEETINGS AND EVENTS FOR THIS FISCAL YEAR AND OVER 30 FUNDRAISING EVENTS. NET PROCEEDS FROM THESE FUNDRAISING EVENTS WERE TRANSFERRED TO THE CALCPA INSTITUTE TO BENEFIT THE CHAPTERS' SCHOLARSHIP FUNDS.
COMMUNICATIONS - CALCPA COMMUNICATIONS INCLUDE ELECTRONIC PUBLICATIONS DESIGNED TO KEEP MEMBERS INFORMED. CALCPA PRODUCED 10 ISSUES OF ITS CALIFORNIA CPA MAGAZINE (DIGITAL). CALCPA ALSO PRODUCED MORE THAN 1,300 DIFFERENT EMAILS THAT INCLUDE EDUCATIONAL OFFERINGS, CHAPTER BULLETINS AND DAILY CLIPS THAT PROVIDES LINKS TO NEWS RELATED TO CALIFORNIA, BUSINESS, THE CPA PROFESSION, PERSONAL FINANCE, TECHNOLOGY, AND TAX. CALCPA'S WEBSITE IS A MEMBER-FOCUSED CLEARINGHOUSE FILLED WITH NEWS, INFORMATION, RESOURCES AND EVENT LISTINGS FOR CALIFORNIA CPAS. OUR MEDIA AND PUBLIC RELATIONS EFFORTS PROMOTE THE INTEGRITY OF THE CPA PROFESSION AND POSITION OUR MEMBERS AS EXPERTS IN VARIOUS PROFESSIONAL SUBJECT AREAS. AS OF THE END OF THIS FISCAL YEAR, LINKEDIN FOLLOWERS WAS OVER 9,800, FACEBOOK FOLLOWERS ARE MORE THAN 6,500, X (FORMERLY TWITTER) FOLLOWERS ARE MORE THAN 11,000 AND CALCPA HAS MORE THAN 2,500 FOLLOWERS ON INSTAGRAM.
GOVERNMENT RELATIONS - THE MAJORITY OF THE RESPONSIBILITY OF GOVERNMENT RELATIONS IS TO ADVOCATE FOR THE PUBLIC POLICY AND SELF-REGULATORY INTERESTS OF THE CPA PROFESSION, WHICH IS A CORNERSTONE OF CALCPA'S STRATEGIC PLAN. COMPONENTS OF THIS INCLUDE: ANTICIPATING AND RESPONDING TO LEGISLATIVE AND REGULATORY PROPOSALS THAT IMPACT THE PROFESSION AND THE BROADER BUSINESS COMMUNITY; CULTIVATING STRATEGIC RELATIONSHIPS WITH KEY GOVERNMENT AGENCIES AND OTHER PROFESSIONAL ORGANIZATIONS ENGAGED IN ADVOCACY, AND KEEPING CALCPA MEMBERSHIP APPRISED OF ONGOING AND EMERGING PUBLIC POLICY ISSUES. THIS YEAR, CALCPA'S GOVERNMENT RELATIONS PROGRAM ASSISTED IN THE DEVELOPMENT OF PUBLIC POLICY RESOURCES FOR CALCPA MEMBERS, FACILITATED MEETINGS WITH LEGISLATIVE LEADERS, AND ADVANCED POLICY PROPOSALS THAT SUPPORT CALIFORNIA CPAS, AND RELATED PROFESSIONALS, ABILITY TO EFFECTIVELY SERVE CLIENTS AND THE BROADER BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Deluc Froemming President & Chief Executive Officer | Officer | 20 | $245,030 |
Matthew Koontz Vice President Of Marketing And Communications | Officer | 40 | $269,292 |
Natalie Quan Vice President & Chief Financial Officer | Officer | 20 | $130,159 |
Emil Redzic Vice President Of Information Technology | Officer | 20 | $118,037 |
Jason Fox Vice President Of Government Relations | 40 | $221,007 | |
Jill Pitchenik Vice President Of Strategic Business Operations And De&i | 40 | $222,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Avenue Group Llc Web Development | 4/29/23 | $230,775 |
Armanino Llp Tax And Audit | 4/29/23 | $109,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $320,299 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $579,869 |
| Total Program Service Revenue | $10,573,648 |
| Investment income | $198,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,998 |
| Net Income from Fundraising Events | -$134,203 |
| Net Income from Gaming Activities | -$548 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,852,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $324,409 |
| 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. | $746,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,723,773 |
| Pension plan accruals and contributions | $285,303 |
| Other employee benefits | $814,220 |
| Payroll taxes | $408,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,275 |
| Fees for services: Accounting | $60,537 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,039 |
| Fees for services: Other | $870,697 |
| Advertising and promotion | $79,002 |
| Office expenses | $589,626 |
| Information technology | $905,335 |
| Royalties | $0 |
| Occupancy | $549,495 |
| Travel | $245,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,118,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $803,060 |
| Insurance | $101,406 |
| All other expenses | $0 |
| Total functional expenses | $14,094,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,705,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $411,992 |
| 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 | $385,338 |
| Net Land, buildings, and equipment | $17,121,467 |
| Investments—publicly traded securities | $6,276,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $95,742 |
| Other assets | $4,432,973 |
| Total assets | $31,429,231 |
| Accounts payable and accrued expenses | $1,332,981 |
| Grants payable | $0 |
| Deferred revenue | $3,552,783 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $618,162 |
| Total liabilities | $10,503,926 |
| Net assets without donor restrictions | $20,925,305 |
| 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 | $31,429,231 |
Grants Awarded
Over the last fiscal year, California Society Of Certified Public Accountants has awarded $404,368 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA TAX AND BUDGET RESEARCH PROJECT PURPOSE: SUPPORT OF ORGANIZATION | $25,000 |
CALCPA INSTITUTE PURPOSE: THE PURPOSE OF GRANT OR ASSISTANCE: SUPPORT FOR CALCPA INSTITUTE INCLUDES TRANSFERS OF NET PROCEEDS FROM FUNDRAISING EVENTS HELD BY CALCPA CHAPTERS TO BENEFIT THE SCHOLARSHIP FUNDS, AS WELL AS MONETARY CONTRIBUTION TO SUPPORT THE ADMINISTRATION OF CALCPA INSTITUTE. | $369,368 |
CALCPA EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |