Overview
What is New Markets Tax Credit Coalition?
The New Markets Tax Credit Coalition is a national nonprofit organization, headquartered in Washington D.C., dedicated to promoting the effective use of the New Markets Tax Credit (NMTC). Their primary mission is to serve as a platform for Community Development Entities (CDEs) and investors, fostering collaborations and investment opportunities in underserved communities. The Coalition provides timely information through its website and newsletter, the NMTC Bulletin, and hosts an annual conference to connect members with industry experts and policymakers. Their objective is to extend the NMTC, thus attracting private capital for community development projects.
Official website here: www.newmarketstaxcreditcoalition.org
Is New Markets Tax Credit Coalition legitimate?
New Markets Tax Credit Coalition is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Markets Tax Credit Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.newmarketstaxcreditcoalition.org
What is the mission statement of New Markets Tax Credit Coalition?
The New Markets Tax Credit Coalition serves as a national membership organization, advocating for Community Development Entities and investors utilizing the New Markets Tax Credit. Its mission is to facilitate the effective use of this credit to attract private capital, thereby stimulating economic growth and development in underserved communities. Through timely updates and analyses of regulations, policy developments, and official notices, the Coalition provides valuable information to its members. Networking opportunities and annual conferences allow for the discussion of investment opportunities, development partnerships, and knowledge exchange with industry peers and experts. Additionally, the Coalition collaborates with legislators to extend the New Markets Tax Credit, thereby enhancing its impact on community development.
Official website here: www.newmarketstaxcreditcoalition.org
Who is the CEO of New Markets Tax Credit Coalition?
Aisha Benson is the President of New Markets Tax Credit Coalition.
Official website here: www.newmarketstaxcreditcoalition.org
What is the revenue of New Markets Tax Credit Coalition?
New Markets Tax Credit Coalition's revenue in 2022 was $867,475.
Official website here: www.newmarketstaxcreditcoalition.org
Who are the executives of New Markets Tax Credit Coalition and what are their salaries?
Here are 54 key members and their salaries:
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Official website here: www.newmarketstaxcreditcoalition.org
Where can I find the form 990 for New Markets Tax Credit Coalition?
New Markets Tax Credit Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmarketstaxcreditcoalition.org
Learn more at the official website: www.newmarketstaxcreditcoalition.org
Mission Statement of New Markets Tax Credit Coalition
The New Markets Tax Credit Coalition is a national organization that serves as a representative for Community Development Entities and investors working with the New Markets Tax Credit (NMTC). Its mission, in simple terms, is to ensure that the NMTC can be utilized effectively to draw in private capital. By doing so, the Coalition aims to foster economic growth and development in underserved communities across the nation.
To accomplish this goal, the Coalition provides timely and updated information through its website and electronic newsletter, the NMTC Bulletin. This resource offers analyses of regulations, policy developments, and official notices, keeping members informed and prepared. Additionally, the Coalition offers membership and networking opportunities. These platforms allow individuals to discuss investment opportunities, development partnerships, and learn from experts in the field.
Moreover, the Coalition organizes an annual conference, which brings together veteran community developers, investors, policymakers, and other experts. Attendees can share insights, collaborate on projects, and learn about the latest trends in the NMTC sector. Through these activities, the New Markets Tax Credit Coalition plays a significant role in promoting the effective use of the New Markets Tax Credit, thereby supporting economic development in disadvantaged communities.
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Impact
October, 2024
The New Markets Tax Credit Coalition plays a vital role in enhancing economic development in low-income communities by facilitating the effective use of the New Markets Tax Credit (NMTC) program. By serving as a national membership organization for Community Development Entities and investors, the Coalition ensures that these stakeholders have access to timely and relevant information regarding regulations, policy developments, and opportunities available through the NMTC.
Through its website and the NMTC Bulletin, the Coalition provides continuous updates and analyses that empower members to navigate the complexities of tax credits, thereby attracting private capital to underinvested areas. Membership also fosters networking, enabling participants to explore investment opportunities and development partnerships while learning from their peers and industry experts.
The annual conference serves as a platform for community developers, investors, policymakers, and other participants to collaborate, share insights, and discuss best practices, ultimately strengthening the network necessary for successful investment in underserved areas. Additionally, the Coalition actively engages with Members of Congress to advocate for the extension of the NMTC, ensuring ongoing support for this critical tool in community development.
In summary, the New Markets Tax Credit Coalition significantly impacts economic revitalization efforts by uniting stakeholders, providing essential resources, and advocating for policies that enhance the effectiveness and longevity of the NMTC program.
This information is meant to be a general summary of New Markets Tax Credit Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $796,575
- Gross Receipts: $867,475
Assets and Liabilities:
- Total Assets: $534,532
- Total Liabilities: $338,470
- Net Assets: $196,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conf. registration fees
Revenue
$57,925
Contract revenue
Revenue
$738,650
Organization Details
Founding Year
2004
Phone
(202) 393-5225Principal Officer
Aisha Benson
Main Address
1155 15th Street NW, Washington, DC, 20005
NTEE Category
Code: W192 - Public benefit
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