Council On State Taxation
- Assets
- $3.1m
- Revenue
- $4.7m
- Investments
- $37.0k
- Employees
- 19
- Location
- Washington, DC
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 52-1754771
Organization Overview
Council On State Taxation is located in Washington, DC. The organization was established in 1992. 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 12/2021, Council On State Taxation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council On State Taxation 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, Council On State Taxation generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
TO PRESERVE AND PROMOTE THE USE OF EQUITABLE AND NON-DISCRIMINATORY METHODS OF STATE AND LOCAL TAXATION OF BUSINESS ENTERPRISES CONDUCTING BUSINESS IN MORE THAN ONE TAXING JURISDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SEMINARS, CONFERENCES, ADVOCACY AND INFORMATION FOR MEMBERS OF THE COUNCIL ON STATE TAXATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas L Lindholm President/executive Direct | Officer | 40 | $500,200 |
Karl A Frieden Vice President, General Co | Officer | 40 | $292,710 |
Charles W Drury Jr Vice President & Chief Ope | Officer | 40 | $260,918 |
Frederick J Nicely Senior Tax Counsel | 40 | $230,539 | |
Eric Ks Kenney Senior Tax Counsel, Western States | 40 | $227,781 | |
Patrick J Reynolds Senior Tax Counsel | 40 | $213,365 |
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 | $4,612,195 |
| Investment income | $77,380 |
| 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 | $4,726,725 |
| 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. | $1,217,379 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,771,572 |
| Pension plan accruals and contributions | $161,503 |
| Other employee benefits | $207,367 |
| Payroll taxes | $172,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,175 |
| Fees for services: Accounting | $84,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,650 |
| Fees for services: Other | $75,433 |
| Advertising and promotion | $1,797 |
| Office expenses | $58,644 |
| Information technology | $213,211 |
| Royalties | $0 |
| Occupancy | $336,098 |
| Travel | $70,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311,259 |
| Interest | $4,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,963 |
| Insurance | $22,086 |
| All other expenses | $22,194 |
| Total functional expenses | $4,953,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $442,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,507 |
| 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 | $150,905 |
| Net Land, buildings, and equipment | $418,037 |
| Investments—publicly traded securities | $1,982,955 |
| Investments—other securities | $37,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,072,367 |
| Accounts payable and accrued expenses | $257,635 |
| Grants payable | $0 |
| Deferred revenue | $1,592,101 |
| 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 | $477,507 |
| Total liabilities | $2,327,243 |
| Net assets without donor restrictions | $745,124 |
| 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 | $3,072,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freedomworks Inc Washington, DC | $3,468,084 | $5,609,429 |
Center For Strategic And Budgetary Assessments Washington, DC | $2,639,810 | $6,371,347 |
Council On State Taxation Washington, DC | $3,072,367 | $4,726,725 |
Committee For A Responsible Federal Budget Washington, DC | $2,854,266 | $5,338,402 |
Aga Alexandria, VA | $6,831,962 | $5,483,639 |
International Tax & Investment Center Washington, DC | $3,853,010 | $2,633,793 |
Prosperity Alliance Inc Fairfax, VA | $1,099,186 | $3,530,000 |
Operation Lifesaver Inc Washington, DC | $1,419,478 | $2,622,409 |
Republican Governors Public Policy Committee Washington, DC | $3,734,909 | $3,934,225 |
Commonwealth Institute For Fiscal Analysis Richmond, VA | $3,474,221 | $2,951,328 |
Taxpayers For Common Sense Washington, DC | $2,221,300 | $2,504,065 |
Native American Financial Services Association Washington, DC | $167,087 | $793,241 |