Society Of Louisiana Certified Public Accountants
- Assets
- $4.3m
- Revenue
- $4.0m
- Investments
- $2.4m
- Employees
- 21
- Location
- Metairie, LA
- Founding
- 11/1987
- Data as of
- 04/2022
- EIN
- 72-0464809
Organization Overview
Society Of Louisiana Certified Public Accountants is located in Metairie, LA. The organization was established in 1987. 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 04/2022, Society Of Louisiana Certified Public Accountants employed 21 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Society Of Louisiana 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 04/2022, Society Of Louisiana Certified Public Accountants generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.7m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE COMMON NEEDS OF CERTIFIED PUBLIC ACCOUNTANT MEMBERS AND TO ENHANCE THE PROFESSIONAL ENVIRONMENT IN WHICH THEY WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 2237 CONTINUING PROFESSIONAL EDUCATION COURSES, SEMINARS, AND WORKSHOPS WERE OFFERED DURING THE YEAR TO 11,638 PARTICIPANTS
PROVIDED MEMBER SERVICES TO OVER 6,525 MEMBERS INCLUDING SERVING THE COMMON NEEDS OF ITS MEMBERS AND TO ENHANCE THE PROFESSIONAL ENVIRONMENT IN WHICH THEY WORK.
ADMINISTERED THE PEER REVIEW PROGRAM FOR APPROXIMATELY 164 C.P.A. FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald A Gitz II Executive Director | Officer | 40 | $276,483 |
Kurt Oestriecher Former President | 0 | $193,469 | |
Lisa Williams Chief Financial Officer | Officer | 40 | $87,479 |
Jay Montalbano Jr Immediate Past Chair | OfficerTrustee | 2 | $0 |
Seth Norris Chair-Elect | OfficerTrustee | 2 | $0 |
Gary Dressler Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Surgent Mccoy Self Study Cpe Llc Conference | 4/29/22 | $191,948 |
Kurt Oestriecher Cpe Speaker | 4/29/22 | $193,469 |
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 | $3,763,603 |
| Investment income | $41,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,706 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,977,923 |
| 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. | $357,943 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,733 |
| Pension plan accruals and contributions | $96,376 |
| Other employee benefits | $119,678 |
| Payroll taxes | $75,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,952 |
| Fees for services: Lobbying | $52,270 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,806 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $228,813 |
| Information technology | $116,458 |
| Royalties | $0 |
| Occupancy | $68,884 |
| Travel | $159,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,806 |
| Insurance | $20,921 |
| All other expenses | $132,422 |
| Total functional expenses | $3,675,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $1,544,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,016 |
| 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 | $62,206 |
| Net Land, buildings, and equipment | $250,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,449,772 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,331,206 |
| Accounts payable and accrued expenses | $283,361 |
| Grants payable | $0 |
| Deferred revenue | $279,117 |
| 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 | $562,478 |
| Net assets without donor restrictions | $3,768,728 |
| 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 | $4,331,206 |
Endowment Analysis
| Beg. Balance | $750,602 |
| Earnings | -$27,256 |
| Admin Expense | $2,559 |
| Net Contributions | $23,920 |
| Grants | $31,225 |
| Ending Balance | $713,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Louisiana Certified Public Accountants Metairie, LA | $4,331,206 | $3,977,923 |
National Tile Contractors Assoc Jackson, MS | $5,173,530 | $3,514,951 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Austin, TX | $9,333,224 | $3,768,938 |
Louisiana Travel Promotion Association Baton Rouge, LA | $925,059 | $2,808,898 |
Houston Chapter Associated General Contractors Of America Inc Houston, TX | $4,720,560 | $2,138,719 |
Distribution Contractors Association Richardson, TX | $5,080,908 | $2,333,132 |
Engineering And Construction Contracting Association Katy, TX | $871,347 | $1,930,374 |
Arkansas Trucking Association Inc Little Rock, AR | $2,123,408 | $2,230,040 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe San Antonio, TX | $2,873,380 | $2,131,978 |
Houston Contractors Association Houston, TX | $1,841,017 | $1,844,880 |
Wichita Falls Chamber Of Commerce And Industry Wichita Falls, TX | $1,154,320 | $1,540,786 |
Permian Basin Petroleum Association Inc Midland, TX | $2,224,248 | $1,547,524 |