Federation Of Tax Administrators
- Assets
- $2.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 01/1951
- Data as of
- 06/2021
- EIN
- 36-2327263
Organization Overview
Federation Of Tax Administrators is located in Washington, DC. The organization was established in 1951. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Federation Of Tax Administrators employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Tax Administrators 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 06/2021, Federation Of Tax Administrators generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. 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
TO IMPROVE THE TECHNIQUES OF TAX ADMINISTRATORS AND THE WORK OF THEIR PROFESSION, AND TO ADVANCE STANDARDS OF TAX ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING - THE FEDERATION CONDUCTS A NUMBER OF MEETINGS, CONFERENCES, AND WORKSHOPS EACH YEAR. THE ANNUAL MEETING IS DEVOTED TO A SUBSTANTIVE DISCUSSION OF EMERGING STATE AND FEDERAL TAX POLICY AND OTHER TOPICS OF CONCERN TO STATE ADMINISTRATORS. PRACTITIONERS FORUMS ARE ALSO CONDUCTED BY THE MOTOR FUEL TAX SECTION AND TOBACCO TAX SECTION.
INFORMATION EXCHANGE - THE FEDERATION REGULARLY MONITORS THE ACTIVITIES OF STATE TAX AGENCIES AND THE FEDERAL GOVERNMENT IN ORDER TO SERVE AS A CLEARINGHOUSE ON TOPICS IMPORTANT TO ADMINISTRATORS. THE FEDERATION ALSO CONDUCTS RESEARCH PROJECTS IN SUCH AREAS AS STATE TAX POLICIES AND STRUCTURES, COMPLIANCE & ENFORCEMENT PROGRAMS, AND COURT DECISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Garriott Executive Director - Retired 1-22-21 | Officer | 37.5 | $209,672 |
Verenda Smith Deputy Director - Retired 6-30-21 | Officer | 37.5 | $203,253 |
Cindy Anders-Robb Senior Manager Of Motor Fuel | 37.5 | $110,400 | |
Ryan Minnick Special Projects Manager | 37.5 | $101,086 | |
Kimberly Lewis President | OfficerTrustee | 1 | $0 |
Neena Savage First Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,391,954 |
| 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 | $1,391,954 |
| Total Program Service Revenue | $203,866 |
| Investment income | $9,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,708,736 |
| 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. | $502,110 |
| Compensation of current officers, directors, key employees. | $157,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,576 |
| Pension plan accruals and contributions | $59,697 |
| Other employee benefits | $104,862 |
| Payroll taxes | $75,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,144 |
| Fees for services: Accounting | $53,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,980 |
| Fees for services: Other | $840 |
| Advertising and promotion | $0 |
| Office expenses | $59,796 |
| Information technology | $23,252 |
| Royalties | $0 |
| Occupancy | $154,163 |
| Travel | $4,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,559 |
| Insurance | $10,981 |
| All other expenses | $0 |
| Total functional expenses | $1,758,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,642,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,279 |
| 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 | $262,732 |
| Net Land, buildings, and equipment | $74,479 |
| Investments—publicly traded securities | $472,002 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,578,752 |
| Accounts payable and accrued expenses | $242,960 |
| Grants payable | $0 |
| Deferred revenue | $47,170 |
| 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 | $189,434 |
| Other liabilities | $90,848 |
| Total liabilities | $570,412 |
| Net assets without donor restrictions | $1,979,460 |
| Net assets with donor restrictions | $28,880 |
| 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 | $2,578,752 |
Endowment Analysis
| Beg. Balance | $703,094 |
| Net Contributions | $73,940 |
| Other Expense | $105,366 |
| Ending Balance | $671,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Council For Christian Colleges And Universities Washington, DC | $16,773,733 | $7,764,046 |
Virginia Foundation For Independent Colleges Richmond, VA | $30,664,480 | $1,505,101 |
Federation Of Tax Administrators Washington, DC | $2,578,752 | $1,708,736 |
Coppin State College Development Foundation Inc Baltimore, MD | $17,563,052 | $4,237,025 |
Richard Bland College Foundation Inc Petersburg, VA | $26,417,298 | $1,974,952 |
Wave College Inc Virginia Beach, VA | $245,611 | $831,964 |
Forge Academy Charlottesville, VA | $109,340 | $663,425 |
Virginia Intermont College Bristol, VA | $962,321 | -$7,123,375 |