New Jersey Society of Certified Public Accountants
Nonprofit profile at a glance
- EIN
- 221153915
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Roseland, NJ, USA
- Phone
- 9732264494
- Rating confidence
- Limited
Reported finances
- Revenue
- $4,702,032
- Expenses
- $4,753,006
- Assets
- $11,295,789
- Liabilities
- $3,728,729
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- AIYSHA JOHNSON (CEO & EXECUTIVE DIRECTOR)
- EDWARD G O'CONNELL (PRESIDENT-IMMEDIATE PAST PRESIDENT)
- JOHN M SZCZOMAK (PRESIDENT ELECT)
- JUNE M TOTH (PRESIDENT)
Highest reported compensation
- AIYSHA JOHNSON (CEO & EXECUTIVE DIRECTOR): $351,416 total reported compensation
- THERESA HINTON (CHIEF OPERATING OFFICER): $251,692 total reported compensation
- DONALD MEYER (CHIEF MARKETING OFFICER): $233,058 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the New Jersey society of certified public accountants (society or njcpa) is to serve the needs of its members. The society will promote and maintain high professional and ethical standards of the certified public accountant in the state of New Jersey; develop and improve accountancy education; and protect the interests of the public and members of the society.
What it reported doing in 2024
Legislative/regulatory program: to support the njcpa's mission to protect the interests of members of the society, the njcpa advocates for the accounting profession in New Jersey through the grassroots efforts of members and the input provided by the society's trenton, nj based lobbying firm. The goals of the njcpa's legislative/regulatory program are to support positive legislation that benefits the profession, the business community and the public at large, while fighting unfair legislation that would hinder the ability of cpas to practice their profession and effectively serve the clients and businesses they work for. To achieve its legislative/regulatory goals, the njcpa pursued several tactics: 1) maintained ongoing interaction with key nj legislators and administration officials to advocate for key issues, such as updating nj's accountancy act and reducing state taxes on businesses and individuals. 2) attended 100% of nj state board of accountancy meetings and met with staff from the governor's appointments office to encourage the appointment of njcpa endorsed cpas to serve on the board of accountancy. 3) maintained key person program with coverage of 90% of state legislators.4) maintained alliances with other business organizations that share common business interests (e.g., nj business coalition, nj chamber of commerce, nj business and industry association)
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 89
- Accountability: 96
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 94.4%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.1%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.38; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 32.4%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $351K · 25 people listed · 4 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.