Overview
- CPA PAC was founded in 1970.
- CPA PAC is one of the top 50 PACs in Illinois.
- CPA PAC contributes $160,000 per year to state legislators and constitutional officers.
The Illinois CPAs for Political Action (CPA PAC) promotes good citizenship through the personal and financial participation of Illinois CPA Society (ICPAS) members and others in the elective process at the state level of government.
The PAC serves as a strong collective voice for CPAs and CPA firms and provides a foundation for successful legislative advocacy.
The CPA PAC is a respected nonpartisan political action committee that contributes and supports candidates for state offices who support the legislative goals of the profession.
CPA PAC background briefing (PDF).
Funding Sources
- $5 individual member assessment unless opted out.
- Solicitation of contributions from CPA firms.
- Unsolicited contributions from firms who contribute on per partner basis.
- Average fund balance of $450,000.
Giving Philosophy
- The PAC Steering Committee follows a non-partisan strategic giving philosophy recognizing support of the CPA profession.
- The highest degree of ethical and professional consideration is exercised in determining recipients of contributions.
- Special consideration is given to CPA legislators and CPA legislative candidates.
Legal Organization
The CPA PAC is a state political action committee defined by the Illinois Election Code (10 ILCS 5/9-1.8[d]). Articles of formation and adjunct financial reports may be viewed at the Illinois State Board of Elections. Quarterly compliance reports are filed with the State Board of Elections for public review.
Governance
The CPA PAC is governed by a steering committee appointed by the ICPAS president and approved by the ICPAS Board of Directors and its own bylaws. Governance Document
Federal PAC
The American Institute of CPAs maintains a political action committee which contributes to candidates for federal office. Read more. AICPA PAC.
Donations
Election law allows the CPA PAC to accept firm donations as well as individual donations.
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