Coalition To Prevent The Taxing Of Retirement Savings Inc is located in Chicago, IL. According to its NTEE Classification (R03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalition To Prevent The Taxing Of Retirement Savings 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.COALITION TO PREVENT THE TAXING OF RETIREMENT SAVINGS, INC. IS A BUSINESS LEAGUE WHOSE PRIMARY PURPOSE IS TO PROMOTE THE COMMON BUSINESS INTERESTS OF ITS MEMBERSHIP AND WORK TO IMPROVE THE BUSINESS CONDITIONS OF THE FINANCIAL SERVICES INDUSTRY. THE COALITION TO PREVENT THE TAXING OF RETIREMENT SAVINGS, INC. ACCOMPLISHES THIS MISSION THROUGH THREE ACTIVITIES:1.) LOBBYING/GOVERNMENT AFFAIRS ACTIVITIES2.) MEMBERSHIP ACTIVITIES3.) ADMINISTRATIVE ACTIVITIES AND ADDITIONAL DETAILS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING/GOVERNMENT AFFAIRS ACTIVITIES - 50% OF ACTIVITIES COALITION TO PREVENT THE TAXATION OF RETIREMENT SAVINGS, INC. WORKS TO IMPROVE THE BUSINESS CONDITIONS OF THE FINANCIAL SERVICES INDUSTRY BY ADVOCATING AGAINST ANY FEDERAL OR STATE PROPOSED LEGISLATION THAT IMPOSES A TAX ON HIGH-QUANTITY PROCESSORS OF FINANCIAL TRANSACTIONS. COALITION TO PREVENT THE TAXATION OF RETIREMENT SAVINGS, INC.'S POSITION IS THAT SUCH A TAX WOULD HURT THE TENS OF MILLIONS OF AMERICANS WHO INVEST IN FINANCIAL MARKETS TO SAVE FOR RETIREMENT AND FUND THEIR CHILDREN'S EDUCATION. MEMBERS OF APPIICANT ARE COMMITTED TO ENURING THAT THOSE SAVERS CONTINUE TO HAVE ACCESS TO THE LOWEST COST AND MOST EFFICIENT MARKETS IN THE WORLD.
B. MEMBERSHIP ACTIVITIES - 50% OF ACTIVITIESTHIS EFFORT REQUIRES SUSTAINED INVOLVEMENT AND COLLABORATION BY VARIOUS PARTICIPANTS OF THE FINANCIAL SERVICES INDUSTRY, INCLUDING MAJOR U.S. STOCK EXCHANGES, FINANCIAL SERVICES COMPANIES, INVESTMENT BANKS, AND OTHER STAKEHOLDER COMPANIES. AS SUCH, COALITION TO PREVENT THE TAXATION OF RETIREMENT SAVINGS, INC. IS A MEMBERSHIP ORGANIZATION. ALL MEMBERS ARE NOTIFIED ABOUT INDUSTRY DEVELOPMENTS AND OTHER IMPORTANT NEWS ON THE LEGISLATIVE AND REGULATORY FRONTS THROUGH PRESS RELEASES AND OTHER CORRESPONDENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ed Graziano President | OfficerTrustee | 1 | $0 |
Linda Whitlock-Graziano Treasurer And Secretary | OfficerTrustee | 1 | $0 |
Tal Cohen Director | Trustee | 1 | $0 |
Anders Franzon Director | Trustee | 1 | $0 |
Lita Frazier-Brannan Director | Trustee | 1 | $0 |
Craig Messinger Director | Trustee | 1 | $0 |
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 | $0 |
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 | $0 |
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. | $0 |
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 | $0 |
Fees for services: Management | $9,000 |
Fees for services: Legal | $10,728 |
Fees for services: Accounting | $2,250 |
Fees for services: Lobbying | $22,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $54,052 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $98,530 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $198,125 |
Savings and temporary cash investments | $0 |
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 | $0 |
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 | $198,125 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
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 | $198,125 |
Total liabilities and net assets/fund balances | $198,125 |
Organization Name | Assets | Revenue |
---|---|---|
Coalition To Prevent The Taxing Of Retirement Savings Inc Chicago, IL | $198,125 | $0 |
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