Tax Council
- Assets
- $1.5m
- Revenue
- $933.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 11/1966
- Data as of
- 12/2021
- EIN
- 52-0845970
Organization Overview
Tax Council is located in Washington, DC. The organization was established in 1966. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2021, Tax Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tax Council 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 12/2021, Tax Council generated $933.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $876.9k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOUND TAX AND FISCAL POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES TO INFORM REPRESENTATIVES FROM ASSORTED CORPORATIONS OF TAX POLICY MATTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Walker President And CEO | Officer | 30 | $470,772 |
Debbie Siu Director Of Operations | 30 | $139,350 | |
Sarah Mcgill Chairman | OfficerTrustee | 2 | $0 |
John Stowell Vice Chair | OfficerTrustee | 1 | $0 |
Barbara Angus Director | Trustee | 1 | $0 |
Robert L Brown Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,150 |
| 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 | $50,150 |
| Total Program Service Revenue | $880,825 |
| Investment income | $986 |
| 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 | $933,411 |
| 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. | $542,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,940 |
| Pension plan accruals and contributions | $7,484 |
| Other employee benefits | $8,557 |
| Payroll taxes | $31,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,325 |
| Advertising and promotion | $0 |
| Office expenses | $17,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,234 |
| All other expenses | $0 |
| Total functional expenses | $876,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,569 |
| Savings and temporary cash investments | $1,277,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,370 |
| 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 | $8,310 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,700 |
| Total assets | $1,516,829 |
| Accounts payable and accrued expenses | $238,946 |
| Grants payable | $0 |
| Deferred revenue | $83,021 |
| 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 | $54,630 |
| Total liabilities | $376,597 |
| Net assets without donor restrictions | $1,140,232 |
| 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 | $1,516,829 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Manufacturers Of The Usa Washington, DC | $42,673,498 | $62,705,209 |
National Railway Labor Conference 7324 Rrb No Arlington, VA | $5,259,981 | $12,455,580 |
The National Right To Work Committee Inc Springfield, VA | $20,653,179 | $10,236,180 |
Hr Policy Association Arlington, VA | $6,326,982 | $10,167,800 |
Jobs With Justice Education Fund Washington, DC | $16,599,797 | $16,367,388 |
Physicians for Fair Coverage Ltd Washington, DC | $0 | $1,580,139 |
American Association Of Cosmetology Schools Inc Washington, DC | $1,137,711 | $1,066,197 |
Coding It Forward Inc Washington, DC | $1,870,920 | $1,171,199 |
Tax Council Washington, DC | $1,516,829 | $933,411 |
Market Research Foundation Fairfax, VA | $57,632 | $622,000 |
Maryland Asphalt Association Inc Glen Burnie, MD | $591,914 | $622,797 |
Employ America Action Fund Washington, DC | $810,911 | $500,300 |