American Institute Of Certified Public Accountants in Durham, North Carolina (NC)

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American Institute Of Certified Public Accountants
Employer Identification Number (EIN)130432265
Name of OrganizationAmerican Institute Of Certified Public Accountants
In Care of NameHarborside Financial Ctr
Address220 Leigh Farm Rd, Durham, NC 27707-8110
ActivitiesProfessional association, Other services or benefits to members or employees
SubsectionBusiness League
Ruling Date04/1953
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2010
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$193,936,986
Amount of Income$218,033,130
Form 990 Revenue Amount$205,118,755
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2010: $218,033,130
This organization: 

 $218,033,130
Other organizations performing similar types of work: 

 $1,018,982

Assets in 2010: $193,936,986
This organization: 

 $193,936,986
Other organizations performing similar types of work: 

 $1,270,319

Expenses in 2007: $199,507,748
This organization: 

 $199,507,748
Other organizations performing similar types of work: 

 $899,741

Income to expenses ratio in 2007: 1.0
American Institute Of Certified Public Accountants: 

 1.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2007: 658
American Institute Of Certified Public Accountants: 

 658
Other organizations performing similar types of work: 

 12

Employees paid over $50,000 in 2007: 0.5%
This organization: 

 0.5%
Other organizations performing similar types of work: 

 0.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$130,775,565$101,666,634$153,569,680$153,438,813$163,140,413$180,405,327$194,384,722$209,426,998
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$73,172,529$68,400,701$70,877,334$65,566,240$65,976,055$71,819,918$74,953,762$83,468,491
Membership dues and assessments$63,070,182$62,441,294$67,952,486$70,067,790$76,617,342$86,943,216$97,059,370$104,889,562
Interest on savings and temporary cash investments$1,314,529$385,371$477,632$440,656$546,846$546,507$829,196$878,224
Dividends and interest from securities$2,871,133$2,312,214$2,038,617$1,827,076$2,164,021$2,860,536$2,823,250$2,933,983
Net rental income or (loss)$989,255$1,029,615$1,029,932$1,047,160$1,074,047$1,148,142$1,395,216$1,738,500
Gross rents$1,395,372$1,398,311$1,398,311$1,398,311$1,398,311$1,398,311$1,398,311$1,738,500
Less: rental expenses$406,117$368,696$368,379$351,151$324,264$250,169$3,095$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$1,465,309$982,702$-1,511,409$1,476,238$4,233,357$6,422,482$8,092,134$6,003,537
Gross amount from sales of assets other than inventory$1,465,309$982,702$0$1,476,238$4,233,357$89,720,115$67,375,133$51,915,006
Less: cost or other basis and sales expenses$0$0$1,511,409$0$0$83,297,633$59,282,999$45,911,469
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$-12,107,372$-33,885,263$12,705,088$13,013,653$12,528,745$10,664,526$9,231,794$9,514,701
Total expenses$128,818,656$106,149,642$154,979,174$152,324,618$166,465,801$169,189,799$207,430,251$199,507,748
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$33,987,279$22,357,298$25,303,098$32,115,534$31,434,784$40,359,825$29,238,079$27,328,317
Excess or (deficit) for the year$1,956,909$-4,483,008$-1,409,494$1,114,195$-3,325,388$11,215,528$-13,045,529$9,919,250
Net assets or fund balances at beginning of year$34,214,875$33,987,279$22,357,298$25,303,098$32,115,534$31,434,784$40,359,825$29,238,079
Other changes in net assets or fund balances$-2,184,505$-7,146,973$4,355,294$5,698,241$2,644,638$-2,290,487$1,923,783$-11,829,012
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$199,507,748$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$3,449,397
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,792,590$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$53,861,309$0$0$0
Pension plan contributions not included above$3,847,304$0$0$0
Employee benefits not included above$15,865,518$0$0$0
Payroll taxes$3,861,587$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$370,404$0$0$0
Legal fees$3,281,277$0$0$0
Supplies$680,742$0$0$0
Telephone$1,442,929$0$0$0
Postage and shipping$5,102,906$0$0$0
Occupancy$6,631,624$0$0$0
Equipment rental and maintenance$1,186,979$0$0$0
Printing and publications$7,739,757$0$0$0
Travel$7,320,989$0$0$0
Conferences, conventions, and meetings$12,646,332$0$0$0
Interest$4,392,674$0$0$0
Depreciation, depletion, etc.$2,856,235$0$0$0
Other expenses not covered above$63,177,195$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$133,460,668$132,817,784$145,179,103$157,974,859$176,153,589$192,651,624$201,610,691$195,082,981
Cash - non-interest-bearing$970,165$1,423,240$2,460,524$1,849,000$4,558,609$3,170,867$1,599,503$2,711,511
Savings and temporary cash investments$26,190,149$13,635,026$13,390,826$7,777,146$12,977,184$17,106,890$12,835,545$13,293,084
Accounts receivable less allowance for doubtful accounts$15,410,530$11,805,095$10,472,944$8,319,356$7,294,509$9,962,234$10,963,643$11,477,383
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$4,312,014$4,720,791$5,068,335$5,242,107$5,386,917$5,386,917$5,386,917
Inventories for sale or use$372,568$986,433$796,950$1,277,299$1,309,573$1,593,050$1,278,546$1,502,435
Prepaid expenses and deferred charges$13,944,776$25,828,293$38,784,556$51,148,150$57,832,698$60,882,018$57,131,507$51,639,526
Investments - publicly-traded securities$94,560,518$91,005,483
Investments - other securities$61,503,077$60,426,535$62,546,331$69,012,737$76,771,944$82,936,361$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$336,388$312,434$900$900$100,900$200,900$200,900$200,900
Land, buildings, and equipment less accumulated depreciation$14,733,015$12,319,462$9,654,647$10,735,799$9,696,934$11,412,387$17,653,612$17,865,742
Other assets, including program-related investments$0$1,769,252$2,350,634$2,786,137$369,131$0$0$0
Total liabilities$99,473,389$110,460,486$119,876,005$125,859,325$144,718,805$152,291,799$172,372,612$167,754,664
Accounts payable and accrued expenses$91,018,048$62,260,086$60,047,282$18,802,296$67,452,594$67,798,850$66,587,911$74,472,594
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$14,592,038$35,110,652$0$16,142,882$27,275,426$27,998,112$36,254,772
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$1,200,000$1,200,000$9,318,104$26,581,710$36,200,000$34,771,429$60,142,857$53,214,286
Other liabilities$7,255,341$32,408,362$15,399,967$80,475,319$24,923,329$22,446,094$17,643,732$3,813,012
Total liabilities and net assets/fund balances$133,460,668$132,817,784$145,179,103$157,974,859$176,153,589$192,651,624$201,610,691$195,082,981
Total net assets or fund balances$33,987,279$22,357,298$25,303,098$32,115,534$31,434,784$40,359,825$29,238,079$27,328,317
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$130,775,565$101,666,634$153,569,680$153,438,813$163,140,413$180,405,327$194,384,722$209,426,998
Total revenue, gains, and other support per audited financial statements$130,775,565$101,666,634$153,725,517$153,438,813$167,625,180$180,405,327$196,308,505$207,688,498
Other expenses$0$0$0$0$4,484,767$0$1,923,783$0
Net unrealized gains on investments$0$0$0$0$4,484,767$0$1,923,783$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$-155,837$0$0$0$0$1,738,500
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$-155,837$0$0$0$0$1,738,500
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$128,818,656$106,149,642$154,979,174$152,324,618$166,465,801$169,189,799$207,430,251$199,507,748
Total expenses and losses per audited financial statements$128,818,656$106,149,642$154,979,174$152,324,618$166,465,801$171,480,286$207,430,251$209,598,260
Other revenue$0$0$0$0$0$2,290,487$0$11,829,012
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$2,290,487$0$11,829,012
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$1,738,500
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$1,738,500
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$1,215,000$73,102$0
40$460,032$133,623$0
1$23,750$0$0
1$42,306$0$0
1$51,502$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings24
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$104,889,562
Section 162(e) lobbying and political expenditures$3,100,279
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$4,195,582
Taxable amount of lobbying and political expenditures$-1,095,303
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006658
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$8,845,628$12,536,318$188,045,052
Program service revenue
Program service revenue 1000000$000$0$27,269,542
Program service revenue 2000000$000$0$17,092,449
Program service revenue 3000000$000$0$15,806,686
Program service revenue 4000000$000$0$13,699,739
Program service revenue 5Advertising and related services$4,326,88800$0$5,273,187
$0$0$17,092,449
Advertising and related services$4,326,888$0$4,386,342
$0$0$15,806,686
$0$0$13,699,739
$0$0$27,269,542
$0$0$886,845
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$104,889,562
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$878,224$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,933,983$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$1,738,500$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$6,003,537$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAll other insurance-related activities$4,518,740Royalty income excluded by section 512(b)(2)$982,074$4,013,887
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
22373154954%$896,901$22,518,126
061623588100%$-88,021$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Institute Of Certified Public Accountants220 Leigh Farm Rd, Durham, NC 27707-8110NC1953-04$218,033,130
2Motor & Equipment Manufacturers Association10 Laboratory Drive, Research Triangle Park, NC 27709-0161NC1973-08$25,760,197
3Material Handling Industry8720 Red Oak Blvd Ste 201, Charlotte, NC 28217-3996NC1988-06$11,250,095
4North Carolina Association Of Cpas3100 Gateway Centre Blvd, Morrisville, NC 27560-9696NC1942-05$8,055,909
5North Carolina Merchants Association Incorporated601 Saint Marys St, Raleigh, NC 27605-1703NC1944-05$7,998,220
6Greater Charlotte Chamber Of Commerce 129 W Trade StPO BOX 32785, Charlotte, NC 28232-2785NC1953-04$7,357,173
7Capital Associated Industries Inc2900 Highwoods Blvd, Raleigh, NC 27604-1036NC1965-04$6,471,179
8Inda Association Of The Non Woven Fabrics Industry1100 Crescent Grn Ste 115, Cary, NC 27518-8105NC1969-01$6,148,225
9North Carolina Automobile Dealers Association Inc1029 Wade Ave, Raleigh, NC 27605-1158NC1937-10$2,811,649
10Greensboro Area Chamber Of Commerce342 N Elm St, Greensboro, NC 27401-2141NC1944-08$2,614,244
11National Home Furnishings Assn 305, Interior Design Society Charlotte Chapter12327 Shadow Ridge Lane, Charlotte, NC 28273NC1934-11$2,180,560
12Greater Winston-Salem Chamber Of Commerce601 West Fourth Street, Winston Salem, NC 27101-2745NC1942-09$1,839,874
13North Carolina Petroleum Marketers Association Inc7300 Glenwood Ave, Raleigh, NC 27612-7150NC1943-09$1,741,688
14New Durham Corporation3511 Shannon Rd Ste 200, Durham, NC 27707-6330NC1987-06$1,656,019
15Employers Association3020 W Arrowood Rd, Charlotte, NC 28273-0002NC1960-04$1,621,152
16National Press Photographers Association Inc3200 Croasdaile Dr Ste 306, Durham, NC 27705-2588NC$1,589,090
17American Home Furnishings Alliance IncPO BOX HP7, High Point, NC 27261-1860NC1984-11$1,406,739
18Alamance County Area Chamber Of Commerce610 S Lexington Ave, Burlington, NC 27215-5829NC1944-07$1,224,031
19Greater Wilmington Chamber Of Commerce1 Estelle Lee Pl, Wilmington, NC 28401-3360NC1940-10$951,277
20International Zinc Association- America1822 E Nc Highway 54 Ste 120, Durham, NC 27713-3210NC1991-03$695,872
21North Carolina Manufactured And Modular Homebuilders Association4911 Departure Dr, Raleigh, NC 27616-1837NC1969-01$549,435
22New Bern-Area Chamber Of CommercePO BOX C, New Bern, NC 28563-8503NC1945-08$533,528
23Franklin Area Chamber Of Commerce IncFranklin Area Chamber Of Commerce, Franklin, NC 28734NC1989-02$432,390
24American Yarn Spinners Assn IncGastonia, NC 28053NC$398,496
25North Carolina Association Of Convenience Stores Inc7300 Glenwood Ave, Raleigh, NC 27612NC1978-06$389,942
26Independent Garage Owners Of North Carolina IncPO BOX 90426, Raleigh, NC 27675-0426NC1968-04$283,152
27Leaf Tobacco Exporters Assn IncRaleigh, NC 27612NC$220,541
28Ism Carolinas Virginia Inc3300 Battleground Ave, Greensboro, NC 27410-2465NC1971-11$191,723
29United States Junior Chamber Of Commerce, GreensboroPO BOX 20657, Greensboro, NC 27420-0657NC1981-07$105,602
30Carolina Security Traders Association4201 Congress St Ste 450, Charlotte, NC 28209-4600NC1976-04$95,892
Number of organizations performing similar types of work
Alaska1
Alabama14
Arkansas10
Arizona15
California105
Colorado18
Connecticut12
District of Columbia75
Delaware7
Florida54
Georgia30
Hawaii5
Iowa18
Idaho2
Illinois82
Indiana24
Kansas13
Kentucky9
Louisiana15
Massachusetts26
Maryland28
Maine3
Michigan30
Minnesota25
Missouri29
Mississippi11
Montana5
North Carolina39
North Dakota1
Nebraska6
New Hampshire6
New Jersey27
New Mexico5
Nevada8
New York92
Ohio42
Oklahoma11
Oregon18
Pennsylvania49
Rhode Island4
South Carolina10
South Dakota9
Tennessee20
Texas76
Utah4
Virginia106
Vermont5
Washington25
Wisconsin23
West Virginia8
Wyoming3
International4
Total1,267

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