American Property Tax Counsel
- Assets
- $41.0k
- Revenue
- $242.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 41-1769582
Organization Overview
American Property Tax Counsel is located in Overland Park, KS. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Property Tax Counsel 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 12/2022, American Property Tax Counsel generated $242.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $255.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN PROPERTY TAX COUNSEL, INC. (APTC) WAS FOUNDED TO CREATE A NATIONAL NETWORK OF PROPERTY TAX LAW FIRMS THROUGHOUT THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APTC CONDUCTS ONE NATIONAL EDUCATIONAL SEMINAR PER YEAR FOR ITS MEMBERS ON PROPERTY TAX ISSUES, WITH NATIONALLY KNOWN SPEAKERS FROM THE APPRAISAL AND REAL ESTATE INDUSTRIES. APTC'S ANNUAL PROPERTY TAX SEMINAR, WHICH FEATURED SPEAKERS FROM ACROSS THE UNITED STATES WAS HELD ON OCTOBER 19-20, 2022.
APTC'S MEMBERS MEET ON THREE OCCASIONS PER YEAR, WITH ONE MEETING HELD IN CONJUNCTION WITH THE NATIONAL EDUCATIONAL SEMINAR. THE MEETING ENABLES THE MEMBERS TO DISCUSS AND EXCHANGE IDEAS, PROFESSIONAL TECHNIQUES, CHANGES IN THE LAW, AND JUDICIAL DECISIONS IN THEIR JURISDICTIONS. THE EDUCATIONAL AND INFORMATIONAL EXCHANGE AT THE SEMINARS AND MEETINGS FURTHER THE EXEMPT PURPOSES OF PROMOTING THE PRACTICE OF PROPERTY TAX LAW, ADVANCING THE QUALITY AND PROFESSIONAL GROWTH OF LAW FIRMS PRACTICING IN THE PROPERTY TAX AREA, AND ENABLING THESE FIRMS TO BETTER SERVE THEIR CLIENTS BOTH LOCALLY AND NATIONWIDE.
BETWEEN MEETINGS, MEMBERS ROUTINELY EXCHANGE INFORMATION REGARDING CHANGES IN THE LAW AND NEW JUDICIAL DECISIONS IN THEIR JURISDICTIONS. INDIVIDUAL MEMBERS ALSO ROUTINELY CONTACT MEMBERS IN OTHER JURISDICTIONS TO DISCUSS MATTERS THEIR CLIENTS HAVE IN THOSE OTHER JURISDICTIONS. THE ABILITY OF APTC MEMBERS TO TAP THE EXPERTISE OF MEMBERS IN OTHER JURISDICTIONS AND, WHERE APPROPRIATE REFER CLIENT MATTERS TO THESE OTHER MEMBERS, GIVES CLIENTS OF INDIVIDUAL MEMBER FIRMS ACCESS TO EXPERT LEGAL SERVICES NATIONWIDE. SINCE PROPERTY TAX LAW IS A SMALL, HIGHLY SPECIALIZED PRACTICE AREA IN WHICH FEW FIRMS ENGAGE IN ANY GIVEN JURISDICTION, WITHOUT APTC'S NETWORK OF SKILLED, DEPENDABLE LAWYERS, IT WOULD BE EXTREMELY DIFFICULT FOR PROPERTY OWNERS OR THEIR LAWYERS IN ONE JURISDICTION TO LOCATE PRACTITIONERS SKILLED IN THIS PRACTICE AREA IN A DIFFERENT PART OF THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Van Sant Director | Trustee | 1 | $0 |
Andrew H Raines Director | Trustee | 1 | $0 |
Angela W Adolph Director | Trustee | 1 | $0 |
Charles A Camlier Director | Trustee | 1 | $0 |
Cris K O'neall Treasurer | OfficerTrustee | 1 | $0 |
Cynthia M Fraser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,246 |
| 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 | $242,246 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $242,248 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $48,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81,525 |
| Office expenses | $2,280 |
| Information technology | $861 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $674 |
| All other expenses | $16,144 |
| Total functional expenses | $255,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,290 |
| Savings and temporary cash investments | $13,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,435 |
| 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 | $0 |
| 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 | $40,965 |
| Accounts payable and accrued expenses | $10,454 |
| 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 | $0 |
| Total liabilities | $10,454 |
| Net assets without donor restrictions | $0 |
| 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 | $101,847 |
| Retained earnings, endowment, accumulated income, or other funds | -$71,336 |
| Total liabilities and net assets/fund balances | $40,965 |