NonprofitsKentucky Society Of Certified Public Accountants

Kentucky Society Of Certified Public Accountants

JEFFERSONTOWN, KY

Total revenue

$2.3M

Total expenses

$2.2M

Net assets

$3.4M

Grants received

EIN

610473653

Tax year

2024

Mission

To be the main resource for cpa's, policy makers and the public regarding the cpa profession.

Programs

3 programs

Public relations - the journal is provided five times a year to our entire membership base which includes nearly 4,000 cpas statewide. This publication contains cpe options, technical articles and updates on legislation, accounting standards, etc. We use this as another means for reaching our membership and keeping them current on what's going on in the accounting profession. We also use the journal as a revenue source for advertising.

Expenses: $35K

Professional issue updates - multiple four-hour presentations that take place across the commonwealth as well as virtually. The courses provide an update on current professional issues and ones that we see coming on the horizon that may affect our member's practice or industry. Prior to each professional issue update, we offer a two-hour ethics course at each of these locations (or virtually). The kentucky state board of accountancy requires cpas to report 2 hours of continuing education in ethics at the time they renew their cpa license. For those working 3000 hours or more at a public accounting firm, they must report 80 hours of cpe over a two-year period; those working less than 3000 hours or employed in industry, education or government will report 60 hours of cpe over a two-year period.

Expenses: $12K

Other program services - the society also offers cap-u (college to accounting professional university) to kentucky and southern indiana accounting students seeking to expand their leadership skills and professional competencies. Sessions are designed to provide relevant tools to cultivate effective communication and networking skills, as well as important leadership traits desired by prospective employers. The society covers all cost for this event so that it can be offered to the college students for free. A networking event is scheduled for the first night. This give firms and attendees the opportunity to get to know each other and to develop professional connections that will hopefully lead to the success of the students.the society hosts the fall and spring awards banquet. At both banquets, attendees who have recently completed all of the requirements to becoming certified as a cpa are recognized. A representative from the attorney general's office is on hand for the swearing in ceremony. We also acknowledge the successful candidates who will qualify for certification upon completion of the experience requirement and those receiving special awards for high scores on the exam. The scholarship recipients are recognized at the spring banquet. The society is actively engaged on all levels of legislation - local, frankfort and washington, dc. Our legislative team and leadership work with the dor, irs, legislators, the governor's office and many other organizations. We host an annual government relations day in frankfort. We encourage our members to take advantage of this time to hear from the leadership in frankfort and to schedule meetings with their representatives.

Expenses: $612K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.2M
Investment income$99K
Other revenue$55K
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising
Other expenses$1.1M
Total expenses$2.2M
Total assets$3.7M
Net assets$3.4M

People

16 listed

NameRoleCompensation

DARLENE ZIBART

CEO

Board

$223K

40 hrs/wk

AMANDA BIVEN

BOARD MEMBER

Board

1 hrs/wk

MARK A LOYD JR

BOARD MEMBER

Board

1 hrs/wk

GREGORY M HIGH

BOARD MEMBER

Board

1 hrs/wk

SARAH E KERRICK

BOARD MEMBER

Board

1 hrs/wk

JAMES R HITE

BOARD MEMBER

Board

1 hrs/wk

JON R HARVILLE

BOARD MEMBER

Board

1 hrs/wk

JUSTIN ALEXANDER

BOARD MEMBER

Board

1 hrs/wk

KAYLA R GREMILLION

PAST CHAIR

Board

1 hrs/wk

LEE ANN WATTERS

CHAIR ELECT

Board

1 hrs/wk

LORI H KLUMPP

BOARD MEMBER

Board

1 hrs/wk

OLIVIA N DAVIS

CHAIR

Board

1 hrs/wk

JONATHAN J HICKMAN

BOARD MEMBER

Board

1 hrs/wk

SHELLY G COMPTON

TREASURER

Board

1 hrs/wk

AMY L SANDLIN

BOARD MEMBER

Board

1 hrs/wk

WILLIAM NEIL PATTON

BOARD MEMBER

Board

1 hrs/wk

Details

EIN610473653
Subsection06
Ruling date1952-10
Formed1924
Employees15
Volunteers241
KENTUCKY SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS — Mission, Financials & Grants Received | Grantivo