California Tax Education Council
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, CA
- Founding
- 08/1998
- Data as of
- 06/2022
- EIN
- 91-1812096
Organization Overview
California Tax Education Council is located in Lincoln, CA. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Tax Education Council 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, California Tax Education Council generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.7m 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
THE CALIFORNIA TAX EDUCATION COUNCIL (CTEC) WILL CONTINUE TO ESTABLISH PROFESSIONAL TAX EDUCATION STANDARDS, APPROVE TAX EDUCATION PROVIDERS WHO COMPLY WITH THESE STANDARDS AND FACILITATE TAX PREPARER COMPLIANCE FOR THE BENEFIT OF CALIFORNIA TAXPAYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS A WIDE VARIETY OF FAR REACHING PUBLIC AWARENESS PROGRAMS TO INFORM THE PUBLIC OF THE REQUIREMENTS FOR UNLICENSED TAX PREPARERS PRACTICING IN CALIFORNIA, WARN OF THE POTENTIAL ISSUES OF HAVING TAX RETURNS PREPARED BY UNLICENSED PREPARERS, AND EDUCATE THE PUBLIC ON OTHER MATTERS OF CONCERN COVERED UNDER THE ORGANIZATION'S MISSION.THESE PROGRAMS ARE DELIVERED IN MUTIPLE LANGUAGES AND IN MULTIPLE FORMATS SUCH AS SOCIAL MEDIA ADVERTISEMENTS, BLOG POSTS, RADIO, PODCAST AND BROCHURE.
THE ORGANIZATION ISSUES CERTIFICATES TO TAX PREPARERS MEETING MINIMUM EDUCATION REQUIREMENTS ESTABLISHED BY LEGISLATION.FOR THE PERIOD AND TAX YEAR ENDED JUNE 30, 2023, THE ORGANIZATION CERTIFIED 38,844 INDIVIDUALS.
THE ORGANIZATION HAS A NUMBER OF OTHER ACTIVITIES NECESSARY TO FACILITATE ITS PRIMARY GOALS. THESE OTHER ACTIVITIES INCLUDE, AMONG OTHERS, REVIEW AND APPROVAL OF TAX CURRICULUM PROVIDERS, ISSUANCE OF CERTIFICATIONS, BACKGROUND CHECKS, HEARINGS AND APPEALS, AND PERIODIC REPORTING TO THE CALIFORNIA LEGISLATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie L Dimaggio EA Director | Trustee | 3 | $0 |
Michael Carr Crtp Director | Trustee | 3 | $0 |
Karen DE Vaney Crtp Director | Trustee | 3 | $0 |
Yvette Rupp Crtp Director | Trustee | 3 | $0 |
Aaron Chambers Crtp Director-Chair | Trustee | 3 | $0 |
C Lester Crawford Crtp Pfp Director-Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advocation Strategies Inc Administration-ctec | 6/29/23 | $567,000 |
R G Jones Llc Public Relations/adv | 6/29/23 | $122,719 |
Franchise Tax Board Enforcement | 6/29/23 | $273,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $724 |
| 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 | $1,678,497 |
| Statement of Expenses | |
|---|---|
| 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 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 | $567,000 |
| Fees for services: Legal | $22,050 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $331,161 |
| Advertising and promotion | $239,463 |
| Office expenses | $0 |
| Information technology | $68,646 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,984 |
| Insurance | $2,919 |
| All other expenses | $0 |
| Total functional expenses | $1,657,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,450 |
| Savings and temporary cash investments | $882,076 |
| 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 | $191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $124,894 |
| Other assets | $0 |
| Total assets | $1,242,611 |
| Accounts payable and accrued expenses | $44,955 |
| 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 | $881 |
| Total liabilities | $45,836 |
| Net assets without donor restrictions | $1,196,775 |
| 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 |
| Total liabilities and net assets/fund balances | $1,196,775 |