The Greater Washington Society Of Cpas
- Assets
- $700.2k
- Revenue
- $321.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 10/1944
- Data as of
- 06/2023
- EIN
- 53-0214273
Organization Overview
The Greater Washington Society Of Cpas is located in Washington, DC. The organization was established in 1944. 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 06/2023, Greater Washington Society Of Cpas employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Washington Society Of Cpas 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 06/2023, Greater Washington Society Of Cpas generated $321.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $205.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) 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
TO PROMOTE AND SUPPORT MEMBERS AND THE CPA PROFESSION THROUGH EDUCATION, ADVOCACY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY: GWSCPA PROVIDES A SUPPORTIVE PROFESSIONAL COMMUNITY FOR OUR MEMBERSHIP AND THE WIDER ACCOUNTING AND FINANCE PROFESSION. WE OFFER LIVE AND ONLINE EDUCATIONAL AND NETWORKING EVENTS AND SPECIALTY RESOURCES FOR NICHE GROUPS WITHIN THE PROFESSION.
PARTNERSHIP: THE GWSCPA WORKS IN PARTNERSHIP WITH LOCAL, STATE AND NATIONAL ACCOUNTING AND FINANCE GROUPS, AS WELL AS REGULATORS, TO ENHANCE AND PROMOTE THE PROFESSION AND TO EDUCATE THE PUBLIC ON THE PROFESSION. WE PROMOTE THE PROFESSION TO STUDENTS, BUSINESSES AND THE PUBLIC.
LEADERSHIP: GWSCPA MEMBERS LEAD THE ACCOUNTING AND FINANCE PROFESSION WITHIN AND AROUND OUR NATION'S CAPITAL. WE PROVIDE TRAINING AND SUPPORT TO DEVELOP FUTURE LEADERS AND TO ENSURE THE PROFESSION IS PREPARED FOR THE CHANGING FINANCE AND ACCOUNTING LANDSCAPE.
ADVOCACY: THE GWSCPA ADVOCATES FOR THE PROFESSION AND THE PROTECTION OF THE PUBLIC INTEREST WITH OUR BOARD OF ACCOUNTANCY, AS WELL AS OTHER LOCAL AND NATIONAL REGULATOR BODIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Pennington Immediate Past President | OfficerTrustee | 2 | $0 |
Amisha Patel President | OfficerTrustee | 2 | $0 |
Carolyn Mollen Vice President | OfficerTrustee | 2 | $0 |
Chris Mannina Treasurer | OfficerTrustee | 2 | $0 |
Julia Lafferty Secretary | OfficerTrustee | 1 | $0 |
Samantha Luxenberg Governor | Trustee | 1 | $0 |
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 | $318,562 |
| Investment income | $0 |
| 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 | $321,892 |
| 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. | $54,394 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,150 |
| Pension plan accruals and contributions | $2,647 |
| Other employee benefits | $8,913 |
| Payroll taxes | $7,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,515 |
| Advertising and promotion | $0 |
| Office expenses | $11,314 |
| Information technology | $11,434 |
| Royalties | $0 |
| Occupancy | $446 |
| Travel | $6,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $989 |
| Insurance | $886 |
| All other expenses | $6,337 |
| Total functional expenses | $205,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,825 |
| 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 | $16,554 |
| Net Land, buildings, and equipment | $23,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,488 |
| Total assets | $700,210 |
| Accounts payable and accrued expenses | $134,399 |
| Grants payable | $0 |
| Deferred revenue | $43,897 |
| 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 | $0 |
| Total liabilities | $178,296 |
| Net assets without donor restrictions | $521,914 |
| 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 | $700,210 |