Institute On Taxation And Economic Policy
- Assets
- $2.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 04-2688165
Organization Overview
Institute On Taxation And Economic Policy is located in Washington, DC. The organization was established in 1980. As of 12/2021, Institute On Taxation And Economic Policy employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute On Taxation And Economic Policy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Institute On Taxation And Economic Policy generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITEP UNDERTAKES RESEARCH AND ANALYSIS OF STATE AND FEDERAL TAX PROPOSALS. ITEP USES A MICROSIMULATION MODEL TO ANALYZE THE TAX INCIDENCE OF TAX PROPOSALS BY INCOME BRACKETS. ITEP ALSO UNDERTAKES RESEARCH ON STATE AND FEDERAL TAX POLICY TO PROVIDE A MORE INDEPTH UNDERSTANDING OF THE IMPLICATIONS OF THE POLICIES TO THE PUBLIC. ITEP PUBLISHES, REPORTS, BRIEFS, FACT SHEETS AND BLOGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Hanauer Executive Director | Officer | 39.2 | $175,027 |
Meg Wiehe Deputy Director | Officer | 40 | $154,482 |
Stephen Wamhoff Dir. Of Fed Tax Policy | 40 | $137,217 | |
Jenice Robinson Communications Director | 40 | $135,568 | |
Matthew Gardner Former Officer - Presently Sr Fellow | 40 | $119,915 | |
Matthew Salomon Senior Economist | 40 | $106,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,697,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,697,887 |
| Total Program Service Revenue | $267,500 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,965,495 |
| 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. | $226,693 |
| Compensation of current officers, directors, key employees. | $24,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,602,460 |
| Pension plan accruals and contributions | $168,137 |
| Other employee benefits | $204,681 |
| Payroll taxes | $151,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,050 |
| Advertising and promotion | $0 |
| Office expenses | $56,750 |
| Information technology | $48,952 |
| Royalties | $0 |
| Occupancy | $144,129 |
| Travel | $8,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,993 |
| All other expenses | $0 |
| Total functional expenses | $2,764,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,355 |
| Savings and temporary cash investments | $108,657 |
| Pledges and grants receivable | $945,000 |
| Accounts receivable, net | $106,351 |
| 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 | $21,111 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,869 |
| Total assets | $2,141,343 |
| Accounts payable and accrued expenses | $111,304 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $83,704 |
| Total liabilities | $195,008 |
| Net assets without donor restrictions | $655,501 |
| Net assets with donor restrictions | $1,290,834 |
| 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 | $2,141,343 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Institute On Taxation And Economic Policy has recieved totaling $690,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF RESEARCH AND DATA ANALYSIS ON THE IMPACT OF THE EARNED INCOME TAX CREDIT AND CHILD TAX CREDIT IN AN EFFORT TO INCREASE THE FINANCIAL STABILITY AND ECONOMIC ADVANCEMENT OF LOW- TO MODERATE-INCOME WORKERS AND FAMILIES IN THE U.S. | $250,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT ON TAX AND BUDGET ISSUES TO THE STATE POLICY PARTNERS (SPP) AND OTHER NATIONAL AND STATE ORGANIZATIONS | $100,000 |
Chestnut Fund Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Stephen M Silberstein Foundation Belvedere, CA PURPOSE: ENSURES THAT ELECTED OFFICIALS, MEDIA, AND THE GENERAL PUBLIC HAVE ACCESS TO ACCURATE, TIMELY, AND STRAIGHTFORWARD INFORMATION ON CURRENT AND PROPOSED TAX POLICIES. | $75,000 |
Coydog Foundation Charleston, SC PURPOSE: GENERAL | $50,000 |
The Leonard And Sophie Davis Fund San Francisco, CA PURPOSE: SUPPORT FOR SOCIAL SERVICE PROGRAMS OR EDUCATIONAL PROGRAMS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumers Research Inc Washington, DC | $798,683 | $8,022,567 |
Concerned Women For America Alexandria, VA | $6,676,756 | $4,605,491 |
Council For National Policy Washington, DC | $3,328,600 | $3,587,318 |
Institute On Taxation And Economic Policy Washington, DC | $2,141,343 | $2,965,495 |
Delta Research And Educational Foundation Washington, DC | $8,923,415 | $3,932,041 |
National Association Of Regional Councils Washington, DC | $773,669 | $999,688 |
Sister Cities International Incorporated Washington, DC | $1,379,609 | $1,013,756 |
American Forum Washington, DC | $12,953 | $96,666 |
American Opportunity And Security Inc Alexandria, VA | $30,981 | $0 |
Relief Resources Inc Halethorpe, MD | $563 | $22,237 |
Center On National Labor Policy Inc North Springfield, VA | $3,500 | $0 |