Texas Society Of Certified Public Accountants
- Assets
- $3.1m
- Revenue
- $642.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Dallas, TX
- Founding
- 02/1974
- Data as of
- 05/2023
- EIN
- 75-1226738
Organization Overview
Texas Society Of Certified Public Accountants is located in Dallas, 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 05/2023, Texas Society Of Certified Public Accountants employed 3 individuals. This organization is a subordinate organization within 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 05/2023, Texas Society Of Certified Public Accountants generated $642.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $650.8k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 5 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
THE PURPOSE OF THE CHAPTER IS TO ELEVATE THE STANDARD OF PROFICIENCY, INTEGRITY AND CHARACTER OF THE PROFESSION, TO CULTIVATE PROFESSIONAL COOPERATION AND SOCIAL INTERACTION AMONG MEMBERS AND TO PROMOTE COOPERATION WITHIN THE TXCPA AND OTHER CPA ORGANIZATIONS FOR THE ADVANCEMENT OF PUBLIC ACCOUNTANCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEE/MEETINGS - THE DALLAS CHAPTER OF THE TEXAS SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS IS A LOCAL ORGANIZATION FORMED TO FOSTER PROFESSIONAL AND COMMUNITY RELATIONSHIPS. AS SUCH, IT CONDUCTS ACTIVITIES INCLUDING GRATUITOUSLY AIDING TAXPAYERS WITH THE COMPLETION OF THEIR FEDERAL FILING REQUIREMENTS. MEETINGS INVOLVING REPRESENTATIVES OF EDUCATION AND LOCAL GOVERNMENT INSTITUTIONS ARE HELD FOR THE PURPOSE OF PURSING COMMON GOALS, ETC.
PUBLICATION - THE PUBLICATION OF A MONTHY NEWSLETTER ENABLES LOCAL CPA'S TO COMMUNICATE WITH EACH OTHER ON NEW DEVELOPMENTS IN THE FIELD OF ACCOUNTANCY AND TAXATION.
THE ORGANIZATION PROVIDES EVENTS AND SERVICES TO POTENTIAL AND CURRENT MEMBERS TO PROMOTE MEMBERSHIP IN THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Banks Director | Trustee | 1 | $0 |
Brandon Booker Director | Trustee | 1 | $0 |
Max Duplant Chair-Elect | OfficerTrustee | 1 | $0 |
Chris Hes Director | OfficerTrustee | 1 | $0 |
Kenny Broom Chairman | OfficerTrustee | 1 | $0 |
Mitch Perry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $519,618 |
| 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 | $519,618 |
| Total Program Service Revenue | $18,515 |
| Investment income | $43,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,645 |
| 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. | $165,000 |
| Compensation of current officers, directors, key employees. | $165,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,170 |
| Pension plan accruals and contributions | $8,896 |
| Other employee benefits | $46,083 |
| Payroll taxes | $17,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,478 |
| Advertising and promotion | $9,503 |
| Office expenses | $29,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,809 |
| Travel | $3,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,971 |
| Interest | $28,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,766 |
| Insurance | $720 |
| All other expenses | $0 |
| Total functional expenses | $650,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106 |
| Savings and temporary cash investments | $141,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,221 |
| 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 | $30,488 |
| Net Land, buildings, and equipment | $7,014 |
| Investments—publicly traded securities | $2,008,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $762,892 |
| Other assets | $0 |
| Total assets | $3,051,820 |
| Accounts payable and accrued expenses | $75,745 |
| Grants payable | $0 |
| Deferred revenue | $284,620 |
| 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 | $807,353 |
| Total liabilities | $1,167,718 |
| Net assets without donor restrictions | $1,884,102 |
| 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 | $3,051,820 |