Association Of International Certified Professional Accountants
- Assets
- $117.4m
- Revenue
- $202.9m
- Investments
- $601.0k
- Employees
- 820
- Location
- Durham, NC
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 36-4847532
Organization Overview
Association Of International Certified Professional Accountants is located in Durham, NC. The organization was established in 2019. 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 12/2021, Association Of International Certified Professional Accountants employed 820 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of International Certified Professional 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 12/2021, Association Of International Certified Professional Accountants generated $202.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $199.3m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Association Of International Certified Professional Accountants has awarded 26 individual grants totaling $487,381. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BE THE MOST INFLUENTIAL BODY OF PROFESSIONAL ACCOUNTANTS IN THE WORLD. ADVOCATE ON BEHALF OF THE PROFESSION, PROMOTE THE PUBLIC INTEREST AND DRIVE THE SUCCESS OF BUSINESSES AND INDIVIDUALS WORLDWIDE, DELIVER INNOVATIVE RESOURCES QUICKLY, PROMOTE THE MOST RECOGNIZED AND RESPECTED GLOBAL ACCOUNTING PROFESSION DESIGNATION THAT ENABLE ACCOUNTANTS TO BUILD CAREERS ACROSS THE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BE THE MOST INFLUENTIAL BODY OF PROFESSIONAL ACCOUNTANTS IN THE WORLD. ADVOCATE ON BEHALF OF THE PROFESSION, PROMOTE THE PUBLIC INTEREST AND DRIVE THE SUCCESS OF BUSINESSES AND INDIVIDUALS WORLDWIDE, DELIVER INNOVATIVE RESOURCES QUICKLY, PROMOTE THE MOST RECOGNIZED AND RESPECTED GLOBAL ACCOUNTING PROFESSION DESIGNATION THAT ENABLE ACCOUNTANTS TO BUILD CAREERS ACROSS THE PROFESSION.IT REPRESENTS 650,000 MEMBERS AND STUDENTS IN PUBLIC AND MANAGEMENT ACCOUNTING
CONTINUING PROFESSIONAL EDUCATION COURSES AND CONFERENCES; GAVE GROUPSTUDY CPE PRESENTATIONS WITH NUMEROUS CPE INDIVIDUAL STUDY COURSES ANDCONFERENCES FOR MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry C Melancon President & CEO | OfficerTrustee | 40 | $2,605,082 |
Julie Lindsay Executive Director- Caq | 40 | $1,104,596 | |
William Carmichael COO | Officer | 40 | $890,575 |
Susan Coffey Evp To Public Practice | 40 | $867,654 | |
Mark Peterson Evp Advocacy | 40 | $794,808 | |
Janice Maiman Evp Communications, Pr An | 40 | $631,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Microsoft Corporation It Services | 12/30/21 | $2,376,254 |
Ernst & Young Llp Consulting Services | 12/30/21 | $20,891,974 |
Accenture (Uk) Ltd It Services | 12/30/21 | $34,305,793 |
Oracle America Inc It Services | 12/30/21 | $1,825,972 |
Abila Inc It Services | 12/30/21 | $1,548,379 |
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 | $202,255,025 |
| Investment income | $41 |
| 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 | $202,936,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,300 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $123,718 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,349,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,959,830 |
| Pension plan accruals and contributions | $3,195,649 |
| Other employee benefits | $9,395,866 |
| Payroll taxes | $4,057,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,240,546 |
| Fees for services: Accounting | $464,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,991,328 |
| Advertising and promotion | $2,540,952 |
| Office expenses | $2,248,250 |
| Information technology | $33,675,361 |
| Royalties | $1,773,010 |
| Occupancy | $521,290 |
| Travel | $624,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,114,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,563,989 |
| Insurance | $1,430,314 |
| All other expenses | $5,020,596 |
| Total functional expenses | $199,301,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,144,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,498 |
| Prepaid expenses and deferred charges | $70,037,035 |
| Net Land, buildings, and equipment | $9,960,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $600,962 |
| Investments—program-related | $0 |
| Intangible assets | $28,204,385 |
| Other assets | $604,111 |
| Total assets | $117,401,037 |
| Accounts payable and accrued expenses | $42,569,343 |
| Grants payable | $0 |
| Deferred revenue | $14,878,678 |
| 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 | $62,646,586 |
| Total liabilities | $120,094,607 |
| Net assets without donor restrictions | -$2,693,570 |
| 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 | $117,401,037 |
Grants Awarded
Over the last fiscal year, Association Of International Certified Professional Accountants has awarded $79,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Greenbelt, MD PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $18,500 |
Austin, TX PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $15,000 |
San Francisco, CA PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $15,000 |
New York, NY PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $15,000 |
Lakewood Ranch, FL PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $10,000 |
Tampa, FL PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stand Together Chamber Of Commerce Inc Arlington, VA | $220,861,452 | $325,758,897 |
Association Of International Certified Professional Accountants Durham, NC | $117,401,037 | $202,936,981 |
American Institute Of Certified Public Accountants Durham, NC | $233,833,747 | $195,517,691 |
Society For Human Resource Management Alexandria, VA | $273,747,773 | $173,516,006 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |