Institute On Taxation And Economic Policy
- Assets
- $4.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Washington, DC
- Founding
- 07/1980
- Data as of
- 12/2023
- EIN
- 04-2688165
Organization Overview
Institute On Taxation And Economic Policy is located in Washington, DC. The organization was established in 1980. As of 12/2023, Institute On Taxation And Economic Policy employed 25 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 12/2023, Institute On Taxation And Economic Policy generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Naomi Walker Chair | OfficerTrustee | 0.5 | $0 |
Henry Coleman Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Marie-Frances Rivera Director | Trustee | 0.5 | $0 |
Elaine Mejia Director | Trustee | 0.5 | $0 |
Ed Jayne Director | Trustee | 0.5 | $0 |
Nick Johnson Director | Trustee | 0.5 | $0 |
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 | $2,393,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,393,140 |
| Total Program Service Revenue | $235,100 |
| Investment income | $7,279 |
| 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 | $2,635,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $480,061 |
| Other salaries and wages | $2,033,654 |
| Pension plan accruals and contributions | $212,745 |
| Other employee benefits | $292,053 |
| Payroll taxes | $181,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $387 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,317 |
| Advertising and promotion | $0 |
| Office expenses | $70,571 |
| Information technology | $48,311 |
| Royalties | $0 |
| Occupancy | $150,161 |
| Travel | $26,948 |
| 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 | $8,087 |
| All other expenses | $1,810 |
| Total functional expenses | $3,630,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,667,295 |
| Savings and temporary cash investments | $367,136 |
| Pledges and grants receivable | $786,425 |
| Accounts receivable, net | $7,870 |
| 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 | $8,416 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,088,962 |
| Total assets | $4,926,104 |
| Accounts payable and accrued expenses | $149,233 |
| Grants payable | $0 |
| Deferred revenue | $37,500 |
| 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 | $1,184,958 |
| Total liabilities | $1,371,691 |
| Net assets without donor restrictions | $901,082 |
| Net assets with donor restrictions | $2,653,331 |
| 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 | $4,926,104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumers Research Inc Washington, DC | $2,731,806 | $10,423,274 |
Concerned Women For America Alexandria, VA | $6,565,052 | $4,632,096 |
Institute On Taxation And Economic Policy Washington, DC | $4,926,104 | $2,635,519 |
Council For National Policy Washington, DC | $3,652,595 | $3,537,747 |
Delta Research And Educational Foundation Washington, DC | $8,813,117 | $4,297,698 |
Sister Cities International Incorporated Washington, DC | $1,381,990 | $1,095,472 |
National Association Of Regional Councils Washington, DC | $1,191,587 | $948,366 |
American Forum Washington, DC | $2,805 | $101,879 |
American Opportunity And Security Inc Alexandria, VA | $30,981 | $0 |
Relief Resources Inc Halethorpe, MD | $4,121 | $25,249 |
Center On National Labor Policy Inc North Springfield, VA | $3,500 | $0 |