Community Tax Aid Inc
- Assets
- $660.0k
- Revenue
- $483.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 07/1988
- Data as of
- 06/2022
- EIN
- 52-1557807
Organization Overview
Community Tax Aid Inc is located in Washington, DC. The organization was established in 1988. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Community Tax Aid Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Tax Aid Inc 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 06/2022, Community Tax Aid Inc generated $483.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $278.0k during the year ending 06/2022. 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
PROVIDE TAX PREPARATION AND TAX CONTROVERSY ASSISTANCE AT NO CHARGE TO LOWINCOME TAXPAYERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TAX PREPARATION, TAXPAYER EDUCATION AND TAX CONTROVERSY ASSISTANCE TO OVER 3,700 LOW-INCOME INDIVIDUALS AND FAMILIES IN THE METROPOLITAN WASHINGTON, DC AREA ENABLING THESE CLIENTS TO RECEIVE $8.4 MILLION IN NET FEDERAL AND STATE TAX REFUNDS. 172 VOLUNTEERS PRO- VIDED SERVICES VALUED AT $125,091.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Dooner Chair Emeritis | OfficerTrustee | 1 | $0 |
Megan Newman Vice Chair | OfficerTrustee | 2 | $0 |
Harley Duncan Chair | OfficerTrustee | 2 | $0 |
Ted Eismeier Director | Trustee | 1 | $0 |
Justin Cole Director | Trustee | 1 | $0 |
Ashley Hagans-Laign Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $373,369 |
| Total Program Service Revenue | $110,000 |
| Investment income | $60 |
| 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 | $483,429 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $12,960 |
| Compensation to disqualified persons | $91,975 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $679 |
| Advertising and promotion | $0 |
| Office expenses | $8,496 |
| Information technology | $12,992 |
| Royalties | $0 |
| Occupancy | $23,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,839 |
| All other expenses | $816 |
| Total functional expenses | $277,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,326 |
| Savings and temporary cash investments | $370,091 |
| Pledges and grants receivable | $126,461 |
| Accounts receivable, net | $60,059 |
| 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 | $9,979 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,048 |
| Total assets | $659,964 |
| Accounts payable and accrued expenses | $12,805 |
| 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 | $12,805 |
| Net assets without donor restrictions | $647,159 |
| 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 | $659,964 |