Virginia Society Of Certified Public Accountants
- Assets
- $7.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Glen Allen, VA
- Founding
- 08/1935
- Data as of
- 04/2021
- EIN
- 54-6053666
Organization Overview
Virginia Society Of Certified Public Accountants is located in Glen Allen, VA. The organization was established in 1935. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2021, Virginia Society Of Certified Public Accountants employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia 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 04/2021, Virginia Society Of Certified Public Accountants generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.2m during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VSCPA IS THE LEADING PROFESSIONAL ASSOCIATION THAT SERVES AS THE ESSENTIAL, STRATEGIC PARTNER FOR ALL CERTIFIED PUBLIC ACCOUNTANTS (CPA), THEIR PROFESSION AND THEIR COMMUNITIES. THE VSCPA SERVES ITS MEMBERSHIP (OF MORE THAN 11,370 INDIVIDUAL CPAS AND 13,310 TOTAL MEMBERS) BY DRIVING INNOVATION AND VISION, CREATING A CULTURE OF LEARNING, ADVOCATING FOR CPAS' INTERESTS, INFLUENCING STUDENTS TO BECOME CPAS AND PROMOTING DIVERSITY, EQUITY AND INCLUSION IN THE PROFESSION. THIS INCLUDES PROVIDING CONTINUING PROFESSIONAL EDUCATION, MEMBER BENEFITS AND PROGRAMS TO CONNECT CPAS, PUBLIC RELATIONS ACTIVITIES TO ENHANCE THE CPA BRAND, COMMUNITY OUTREACH TO THE PUBLIC AND STUDENTS, ADVOCACY TO LEGISLATORS AND REGULATORS ON MATTERS OF INTEREST TO CPAS AND THE PUBLIC, AND A PEER REVIEW PROGRAM TO ENSURE PROFESSIONAL EXCELLENCE OF CPA SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING PROFESSIONAL EDUCATION: VSCPA OFFERS CONFERENCES, SEMINARS, IN-HOUSE EDUCATION COURSES AND ONLINE LEARNING OPPORTUNITIES TO ENABLE VIRGINIA CPAS TO MEET THEIR CONTINUING PROFESSIONAL EDUCATION (CPE) REQUIREMENTS FOR CPA LICENSURE. THE VSCPA PROVIDES ORIGINAL CPE PROGRAMMING THAT CPAS CANNOT RECEIVE ELSEWHERE, INCLUDING A SUITE OF VSCPA WRITTEN PROFESSIONAL ETHICS COURSES THAT MEET THE CPAS' TWO-HOUR ETHICS EDUCATION REQUIREMENT FOR VIRGINIA.
MEMBERSHIP SERVICES: VSCPA OFFERS VARIOUS SERVICES JUST FOR MEMBERS, INCLUDING UNIQUE ONLINE OFFERINGS; PROFESSIONAL AND LEADERSHIP DEVELOPMENT; DISCOUNTS ON PRODUCTS, SERVICES AND INSURANCE; VOLUNTEER OPPORTUNITIES AND NETWORKING EVENTS. EXAMPLES INCLUDE A CENTER FOR INNOVATION WITH FUTURE-FORWARD RESOURCES AND LEARNING, MEMBERS-ONLY ONLINE COMMUNITY, EXCLUSIVE LEADERSHIP DEVELOPMENT PROGRAMS FOR NEW CPAS AND ASPIRING PARTNERS, AND MORE THAN 20 FREE CPE OPPORTUNITIES EACH YEAR. THE VSCPA ALSO PROVIDES NEWS AND INFORMATION VIA ITS WEBSITE, E-NEWSLETTERS, SOCIAL MEDIA, PODCAST AND DISCLOSURES MAGAZINE.
PUBLIC AND COMMUNITY OUTREACH: VSCPA PROVIDES PUBLIC RELATIONS AND COMMUNITY SERVICE PROGRAMS TO PROMOTE A POSITIVE IMAGE OF THE CPA PROFESSION IN VIRGINIA AND ENCOURAGE FINANCIAL RESPONSIBILITY AMONG VIRGINIA'S CITIZENS. VSCPA ALSO AIMS TO ATTRACT STUDENTS TO CAREERS IN ACCOUNTING VIA A STUDENT MEMBERSHIP PROGRAM, SPEAKING ENGAGEMENTS TO HIGH SCHOOL AND COLLEGE AUDIENCES AND OFFERING EXCLUSIVE WORKSHOPS AND PROGRAMS FOR VIRGINIA COLLEGE ACCOUNTING STUDENTS. THE VSCPA PROMOTES A #COUNTONCPAS SOCIAL MEDIA CAMPAIGN YEAR-ROUND TO HIGHLIGHT MEMBER VOLUNTEERS STATEWIDE PARTAKING IN COMMUNITY SERVICE EVENTS AND PROJECTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie R Peters President & CEO | OfficerTrustee | 40 | $267,147 |
Maureen Dingus Chief Operating Officer | 40 | $183,340 | |
Beth Bickford Vice President, Finance & | Officer | 35 | $130,776 |
Amy Mawyer Vice President, Learning | 40 | $130,118 | |
Tina Bates Vice President, Innovation | 40 | $125,710 | |
Emily Walker Vice President, Advocacy | 40 | $118,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $25,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $120,830 |
| Net Rental Income | $8,290 |
| Net Gain/Loss on Asset Sales | -$7,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,705,008 |
| Statement of Expenses | |
|---|---|
| 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. | $479,515 |
| Compensation to disqualified persons | $1,744,542 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $140,840 |
| Other employee benefits | $211,350 |
| Payroll taxes | $170,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,194 |
| Fees for services: Accounting | $20,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,160 |
| Fees for services: Other | $5,033 |
| Advertising and promotion | $0 |
| Office expenses | $205,063 |
| Information technology | $357,869 |
| Royalties | $0 |
| Occupancy | $114,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $949,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,718 |
| Insurance | $16,631 |
| All other expenses | $0 |
| Total functional expenses | $5,168,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,470 |
| Savings and temporary cash investments | $3,335,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,670 |
| 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 | $229,277 |
| Investments—publicly traded securities | $722,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,638,918 |
| Accounts payable and accrued expenses | $931,124 |
| Grants payable | $0 |
| Deferred revenue | $1,066,298 |
| 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 | $519,300 |
| Other liabilities | $0 |
| Total liabilities | $2,516,722 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,122,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Pines Association Inc Berlin, MD | $44,855,857 | $18,056,839 |
Pipeline Research Council International Inc Chantilly, VA | $19,057,089 | $17,544,537 |
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Tennessee Society Of Certified Public Accountants Brentwood, TN | $4,364,880 | $3,240,812 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
The Surplus Lines Association Of North Carolina Raleigh, NC | $12,949,553 | $5,323,982 |
Orthoforum Inc Knoxville, TN | $4,583,324 | $2,767,682 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Nashville, TN | $4,408,453 | $2,757,970 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |