National Lgbtq Task Force Action Fund Inc
- Assets
- $120.9k
- Revenue
- $321.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1978
- Data as of
- 06/2023
- EIN
- 13-2772832
Organization Overview
National Lgbtq Task Force Action Fund Inc is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Lgbtq Task Force Action Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, National Lgbtq Task Force Action Fund Inc generated $321.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $449.9k during the year ending 06/2023. While expenses have increased by 9.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
WORKS TO BUILD THE GRASSROOTS POLITICAL POWER OF THE LGBT COMMUNITY TO WIN COMPLETE EQUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATED FOR PASSAGE OF THE EQUALITY ACT, LEGISLATION LED BY REPRESENTATIVE DAVID CICILLINE (RI) AND SENATOR JEFF MERKLEY (OR). THIS BILL AMENDED CERTAIN FEDERAL CIVIL RIGHTS LAWS TO EXTEND PROTECTIONS ON THE BASIS OF SEXUAL ORIENTATION AND GENDER IDENTITY IN HOUSING, EMPLOYMENT, PUBLIC ACCOMMODATIONS, EDUCATION AND IN OTHER AREAS. THE BILL WAS PASSED IN THE HOUSE AND THE SENATE.WORKED TO INCLUDE SEXUAL ORIENTATION AND GENDER IDENTITY INCLUSIVE LANGUAGE IN THE EACH WOMAN ACT, A MEASURE INTENDED TO PROTECT ACCESS TO REPRODUCTIVE HEALTH CARE REGARDLESS OF INCOME OR ABILITY TO PAY. THE LEGISLATION WAS SPONSORED BY REPRESENTATIVE BARBARA LEE (CA) AND SENATOR TAMMY DUCKWORTH (IL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Morin Chair | OfficerTrustee | 1 | $0 |
Monisha Harrell Treasurer (end 6/2023) | OfficerTrustee | 1 | $0 |
Juan Penalosa Chair/treasurer | OfficerTrustee | 1 | $0 |
Peter Chandler Secretary | OfficerTrustee | 1 | $0 |
Colgate Darden Director | Trustee | 1 | $0 |
Hez Norton Director (end 5/2023) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $291,097 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,724 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $321,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $31,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,786 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,038 |
| Fees for services: Accounting | $5,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,397 |
| Advertising and promotion | $90,656 |
| Office expenses | $51,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,098 |
| Travel | $27,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $721 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $46,298 |
| Total functional expenses | $449,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,924 |
| Accounts payable and accrued expenses | $656 |
| 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 | $97,922 |
| Total liabilities | $98,578 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $22,346 |
| 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 | $120,924 |