Industry Council For Tangible Assets
- Assets
- $396.0k
- Revenue
- $295.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Dacula, GA
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 52-1301900
Organization Overview
Industry Council For Tangible Assets, operating under the name National Coin & Bullion Association, is located in Dacula, GA. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Coin & Bullion Association 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, National Coin & Bullion Association generated $295.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $183.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 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
ICTA PROVIDES INFORMATION TO TANGIBLE ASSET DEALERS IN THE UNITED STATES REGARDING LAWS AND REGULATION CONCERNING THE TANGIBLE ASSET INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICTA IS THE NATIONAL TRADE ASSOCIATION FOR ALL WHO HAVE AN INTEREST IN PRECIOUS METALS, RARE COINS, US AND FOREIGN CURRENCY, AND OTHER NUMISMATIC AND TANGIBLE ASSETS. INCORPORATED IN JULY 1983, ICTA EDUCATES DEALERS ON COMPLIANCE WITH CERTAIN LAWS AND REGULATIONS GENERALLY HAVING TO DO WITH TAXATION AT THE FEDERAL AND STATE LEVEL. ICTA IS OFTEN CONTACTED BY GOVERNMENTAL AGENCIES AND STATE LEGISLATURES FOR INPUT FROM THE RARE COIN/ PRECIOUS METALS INDUSTRY ON LAWS AND REGULATIONS BEFORE THEY ARE FINALIZED. ICTA PROVIDES INFORMATION FOR ITS DEALER MEMBERS AND ACTS AS A CLEARINGHOUSE TO ALERT MEMBERS TO ANY NEW PROCEDURES OR REPORTING REQUIREMENTS. THE ORGANIZATION SERVES AS A LINE OF COMMUNICATION BETWEEN THE RARE COIN/PRECIOUS METALS COMMUNITY AND GOVERNMENT TO ENSURE THAT 1) LAWS AND REGULATIONS ARE WRITTEN AND ENACTED FAIRLY AND 2) THAT ICTA'S DEALER MEMBERS ARE IN FULL COMPLIANCE WITH FEDERAL AND STATE REPORTING REQUIREMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Crenshaw Executive Director | Officer | 40 | $116,000 |
John Brush Chair | OfficerTrustee | 5 | $0 |
David Greenstein Vice-Chair | OfficerTrustee | 5 | $0 |
John Fisher Treasurer | OfficerTrustee | 5 | $0 |
Harry Miller Immediate Past Chair | OfficerTrustee | 5 | $0 |
Patrick Perez Secretary | OfficerTrustee | 5 | $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 | $3,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,760 |
| Total Program Service Revenue | $292,050 |
| Investment income | $0 |
| 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 | $295,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $907 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,862 |
| 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 | $9,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,256 |
| Advertising and promotion | $600 |
| Office expenses | $19,371 |
| Information technology | $1,399 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,262 |
| All other expenses | $0 |
| Total functional expenses | $183,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,362 |
| Savings and temporary cash investments | $4,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,778 |
| 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 | $395,993 |
| Accounts payable and accrued expenses | $11,335 |
| Grants payable | $0 |
| Deferred revenue | $221,675 |
| 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 | $233,010 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $162,983 |
| Total liabilities and net assets/fund balances | $395,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Tourism Industry Marketing Corporation Inc Tallahassee, FL | $33,820,067 | $62,895,567 |
Myrtle Beach Area Chamber Of Commerce Myrtle Beach, SC | $40,830,987 | $59,150,520 |
Orlando Orange County Convention & Visitors Bureau Inc Orlando, FL | $46,615,114 | $65,101,599 |
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |