Texas Society Of Certified Public Accountants
- Assets
- $14.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Addison, TX
- Founding
- 02/1974
- Data as of
- 05/2022
- EIN
- 75-0886417
Organization Overview
Texas Society Of Certified Public Accountants is located in Addison, TX. The organization was established in 1974. 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 05/2022, Texas Society Of Certified Public Accountants employed 46 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Texas 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 05/2022, Texas Society Of Certified Public Accountants generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.5m during the year ending 05/2022. 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 SUPPORT ITS MEMBERS IN THEIR PROFESSIONAL ENDEAVORS AND TO PROMOTE THE VALUE AND HIGH STANDARDS OF TEXAS CPAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS: MEMBER PUBLICATIONS COVER ORGANIZATIONAL ACTIVITIES AND TECHNICAL CHANGES, ISSUES AND TRENDS IMPACTING THE ACCOUNTING PROFESSION. TXCPA EXCHANGE IS AN EXCLUSIVE ONLINE COMMUNITY FOR MEMBER-TO-MEMBER GUIDANCE ON A VARIETY OF PROFESSIONAL ISSUES.
PEER REVIEW: TXCPA ARRANGES PEER REVIEWS OF CPA FIRMS BY MATCHING QUALIFIED REVIEWERS WITH FIRMS TO BE REVIEWED.
PROFESSIONAL STANDARDS: PRESCRIBE AND PROMOTE QUALITY PERFORMANCE STANDARDS FOR TEXAS CPAS THROUGH THE MONITORING OF TECHNICAL STANDARD-SETTING BODIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Ann Ray President & CEO | OfficerTrustee | 25 | $399,522 |
Edith C Cogdell-From 1220 CFO | Officer | 25 | $189,259 |
Jerrel L Cross Dir-Peer Review | 37.5 | $171,726 | |
Melinda H Bentley Dir-Membership,marketing | 29 | $159,101 | |
Kenneth Besserman Dir-Gov Affairs | 30 | $153,935 | |
Kimberly N Newlin Dir-Learning | 0 | $150,425 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abila Software Provider | 5/30/20 | $108,856 |
Aldridge Information Technolo | 5/30/20 | $121,741 |
Abila Software Provider | 5/30/20 | $108,856 |
Princeton Management Partners Llc Property Management | 5/30/20 | $363,251 |
Marriott Business Services Resort/conference | 5/30/20 | $130,702 |
Marriott Business Services Resort/conference | 5/30/20 | $130,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,955 |
| 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 | $211,955 |
| Total Program Service Revenue | $6,432,798 |
| Investment income | $169,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $84,059 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,206,756 |
| 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. | $1,459,251 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,934,224 |
| Pension plan accruals and contributions | $148,455 |
| Other employee benefits | $299,179 |
| Payroll taxes | $225,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,462 |
| Fees for services: Accounting | $60,152 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $553,871 |
| Advertising and promotion | $39,683 |
| Office expenses | $63,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $337,777 |
| Travel | $111,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $413,593 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,537 |
| Insurance | $76,241 |
| All other expenses | $109,708 |
| Total functional expenses | $6,528,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,666,355 |
| Savings and temporary cash investments | $2,449,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,330 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,498 |
| Investments—publicly traded securities | $10,044,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,399 |
| Total assets | $14,362,977 |
| Accounts payable and accrued expenses | $809,344 |
| Grants payable | $0 |
| Deferred revenue | $3,353,501 |
| 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 | $561,021 |
| Total liabilities | $4,723,866 |
| Net assets without donor restrictions | $9,639,111 |
| 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 | $14,362,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |