Tax Executives Institute Inc
- Assets
- $12.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 06/1955
- Data as of
- 06/2021
- EIN
- 52-0239291
Organization Overview
Tax Executives Institute Inc is located in Washington, DC. The organization was established in 1955. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Tax Executives Institute Inc employed 17 individuals. This organization is the central organization for a national or regional group of organizations. Tax Executives Institute 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 06/2021, Tax Executives Institute Inc generated $6.3m 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 (7.8%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) 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 ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING EDUCATION - THE TAX EXECUTIVES INSTITUTE (THE INSTITUTE) OPERATES NUMEROUS EDUCATION PROGRAMS THROUGHOUT THE YEAR; THESE PROGRAMS ARE AVAILABLE AT THE INSTITUTE, REGION, AND CHAPTER LEVEL, AND SATISFY STATE OR COUNTRY REQUIREMENTS FOR CONTINUING PROFESSIONAL EDUCATION. TEI ALSO PROVIDES EDUCATIONAL RESOURCES SUCH AS FORUMS FOR THE EXCHANGE OF INFORMATION ON AUDIT DEVELOPMENTS, AND OTHER ISSUES AFFECTING THE CORPORATE TAX COMMUNITY. ALSO AVAILABLE TO MEMBERS IS A SOPHISTICATED BUT USER-FRIENDLY ELECTRONIC COMMUNICATIONS SYSTEM, FEATURING SPECIALIZED AND PRIVATE ONLINE BULLETIN BOARDS.
COMMITTEE AND LIAISON - TEI PROVIDES EXCELLENT ANALYSES OF PROPOSED TAX LEGISLATION, REGULATIONS, AND OTHER ADMINISTRATIVE PRONOUNCEMENTS. TEI ALSO WORKS WITH LEGISLATIVE AND REGULATORY BODIES BY PROVIDING COMMENTARY ON POLICY AND THE ADMINISTRATIVE ASPECTS OF LEGISLATIVE AND REGULATORY PROPOSALS. TEI'S LEGISLATIVE AND ADVOCACY FUNCTIONS ARE CARRIED ON LARGELY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS.TEI FILES AMICUS BRIEFS IN SUPPORT OF TEI MEMBERS' INTERESTS IN TAXES BEING IMPOSED FAIRLY AND EQUITABLY AND IN TERMS OF THE US CONSTITUTION.
MEMBERSHIP SERVICES AND DEVELOPMENT - TAX EXECUTIVES INSTITUTE IS THE PREEMINENT ASSOCIATION OF IN-HOUSE TAX PROFESSIONALS WORLDWIDE. OUR APPROXIMATELY 6,000 MEMBERS REPRESENT MORE THAN 2,900 OF THE LEADING CORPORATIONS IN NORTH AND SOUTH AMERICA, EUROPE, AND ASIA. THROUGH TEI AND ITS 57 CHAPTERS WORLDWIDE, TAX EXECUTIVES HAVE ACCESS TO THE FINEST, MOST COST-EFFECTIVE TAX TRAINING AVAILABLE; THE CAMARADERIE OF THEIR FELLOW TAX PROFESSIONALS-WHO WILLINGLY SHARE THEIR INSIGHTS, IDEAS, AND EXPERIENCES; AND THE ABILITY TO WORK COLLECTIVELY TO IMPROVE TAX POLICY AND ADMINISTRATION. TEI MEMBERS RECEIVE A BI-MONTHLY JOURNAL, TAX EXECUTIVE. THEY ALSO HAVE ACCESS TO TEI'S WEBSITE AT WWW.TEI.ORG, FOR NETWORKING AND EDUCATION OPPORTUNITIES. TEI MEMBERS MAY ENHANCE THEIR PERSONAL LEADERSHIP, COMMUNICATION, AND MENTORING SKILLS BY VOLUNTEERING LOCALLY OR AT THE INSTITUTE LEVEL. TEI ALSO PROVIDES MEMBERS THE OPPORTUNITY TO PARTICIPATE IN SURVEYS AND TO DEVELOP BENCHMARKING TOOLS FOR TAX EXECUTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli J Dicker Executive Director (to 1/2021) | Officer | 35 | $345,649 |
W Patrick Evans Chief Tax Counsel | Officer | 35 | $269,231 |
Benjamin R Shreck Tax Counsel | 35 | $241,910 | |
Alicia P Mata Executive Director (as Of 6/2021) | Officer | 35 | $231,943 |
Watson M Mcleish Tax Counsel | 35 | $182,403 | |
Deborah C Giesey Director Of Administration | 35 | $152,064 |
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 | $5,587,400 |
| Investment income | $188,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $543,000 |
| 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 | $6,324,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,367 |
| 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. | $910,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,261,182 |
| Pension plan accruals and contributions | $24,291 |
| Other employee benefits | $192,261 |
| Payroll taxes | $143,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,173 |
| Fees for services: Other | $121,413 |
| Advertising and promotion | $2,471 |
| Office expenses | $126,328 |
| Information technology | $216,113 |
| Royalties | $0 |
| Occupancy | $494,381 |
| Travel | $595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $585,834 |
| Interest | $2,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,882 |
| Insurance | $52,487 |
| All other expenses | $55,347 |
| Total functional expenses | $5,447,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,070 |
| Savings and temporary cash investments | $4,191,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,037 |
| 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 | $168,656 |
| Net Land, buildings, and equipment | $349,064 |
| Investments—publicly traded securities | $6,304,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,071,581 |
| Accounts payable and accrued expenses | $314,435 |
| Grants payable | $0 |
| Deferred revenue | $2,063,832 |
| 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 | $1,053,167 |
| Total liabilities | $3,431,434 |
| Net assets without donor restrictions | $8,640,147 |
| 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 | $12,071,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
National Community Reinvestment Coalition Inc Washington, DC | $111,740,328 | $10,929,174 |
Tax Executives Institute Inc Washington, DC | $12,071,581 | $6,324,223 |
Lutheran Social Ministries Of Maryland Inc Westminster, MD | $1,453,479 | $5,224,632 |
Building Owners & Managers Institute International Inc Annapolis, MD | $3,199,571 | $3,769,079 |
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Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
American Association Of Political Consultants Inc McLean, VA | $1,413,996 | $755,148 |
Association Of Investment Management Sales Executives Inc Reston, VA | $1,004,703 | $472,206 |
Builders & Contractors Exchange Inc Norfolk, VA | $1,194,638 | $520,991 |
National Contract Management Association Ashburn, VA | $1,334,463 | $431,427 |
Multicultural Community Service Washington, DC | $342,966 | $426,850 |