Streamlined Sales Tax Governing Board Inc
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Westby, WI
- Founding
- 02/2007
- Data as of
- 06/2024
- EIN
- 20-3518537
Organization Overview
Streamlined Sales Tax Governing Board Inc is located in Westby, WI. The organization was established in 2007. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Streamlined Sales Tax Governing Board Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streamlined Sales Tax Governing Board Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Streamlined Sales Tax Governing Board Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 1.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE SALES TAX ADMINISTRATION ACCURACY AND SIMPLICITY BY FACILITATING THE ADOPTION OF A MORE UNIFORM AND SIMPLE SALES TAX SYSTEM IN THE STATES THAT ARE MEMBERS OF THE GOVERNING BOARD AND TO ENCOURAGE STATES THAT ARE NOT MEMBERS OF THE GOVERNING BOARD TO ADOPT OR ENACT AS MANY OF THE SIMPLIFICATION AND UNIFORMITY PROVISIONS AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS - THE GOVERNING BOARD HOLDS VARIOUS CONFERENCES AND MEETINGS WHICH ARE DEVOTED TO SUBSTANTIVE DISCUSSIONS OF STATE TAX POLICIES AND OTHER TOPICS IN DEVELOPING A SIMPLER AND MORE UNIFORM SALES AND USE TAX SYSTEM. SOME OF THE MEETINGS FOR THIS FISCAL YEAR WERE HELD VIRTUALLY WHILE OTHERS WERE HELD IN PERSON.
INFORMATION EXCHANGE - THE GOVERNING BOARD MANAGES A SALES TAX REGISTRATION SYSTEM, PROVIDES AN OFFICIAL REPOSITORY FOR DOCUMENTS RELATING TO SALES TAXES, INCLUDING STATE TAX RATE AND BOUNDARY FILES, CERTIFICATES OF COMPLIANCE FOR EACH STATE, TAXABILITY MATRIXES FOR EACH STATE, CHANGE REQUESTS BETWEEN THE STATES AND THE CERTIFIED SERVICE PROVIDERS, AND FACILITATES INFORMATION EXCHANGE BETWEEN THE STATES AND THE BUSINESS COMMUNITY THROUGH ITS WEBSITE.
CERTIFIED SERVICE PROVIDER (CSP) CERTIFICATION AND RECERTIFICATION THE GOVERNING BOARD CERTIFIES THE CERTIFIED AUTOMATED SYSTEMS (CAS) OF THE CSPS, TESTS THEM ON A QUARTERLY BASIS AND EXCHANGES INFORMATION BETWEEN THE STATES AND THE CSPS RELATED TO UPDATES TO THE CAS AND RATES AND BOUNDARY INFORMATION. THE GOVERNING BOARD ALSO RECERTIFIES THE CSPS ON A PERIODIC BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Walsh President/1st Vice President | OfficerTrustee | 4 | $0 |
Curt Bramble 1st Vice Present/ 2nd Vice President | OfficerTrustee | 1 | $0 |
Lance Wilkinson 2nd Vice President/director | OfficerTrustee | 1 | $0 |
Richard Dobson Secretary - Treasurer | OfficerTrustee | 1 | $0 |
Tim Reed Immediate Past President/president | OfficerTrustee | 1 | $0 |
Adam Smith Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,058,500 |
| Investment income | $106,674 |
| 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 | $1,165,174 |
| 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. | $176,574 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,004 |
| Pension plan accruals and contributions | $10,658 |
| Other employee benefits | $5,840 |
| Payroll taxes | $41,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,563 |
| Fees for services: Accounting | $16,215 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,355 |
| Advertising and promotion | $0 |
| Office expenses | $21,417 |
| Information technology | $9,096 |
| Royalties | $0 |
| Occupancy | $11,109 |
| Travel | $170,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,705 |
| Insurance | $0 |
| All other expenses | $74,042 |
| Total functional expenses | $1,082,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,191,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $925 |
| 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 | $715 |
| Net Land, buildings, and equipment | $5,649 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,198,504 |
| Accounts payable and accrued expenses | $134,710 |
| Grants payable | $0 |
| Deferred revenue | $258,080 |
| 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 | $103,707 |
| Total liabilities | $496,497 |
| Net assets without donor restrictions | $1,702,007 |
| Net assets with donor restrictions | $0 |
| 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 | $2,198,504 |