Overview
What is Industry Council For Tangible Assets?
The Industry Council for Tangible Assets (ICTA) is a nonprofit organization based in Dacula, Georgia. Established in 1983, its primary purpose is to educate dealers about compliance with taxation laws and regulations at both federal and state levels, particularly in the realm of precious metals, rare coins, currency, and other tangible assets. ICTA serves as a liaison between the tangible assets community and governmental agencies, ensuring fair laws and regulations and ensuring its dealer members comply with reporting requirements. With a focus on promoting the interests of its members, ICTA acts as an industry watchdog, advocating for a favorable legislative and regulatory climate in the United States and all 50 states. It also offers its members assistance and information on new and existing laws and regulations, fostering harmony and cooperation among its members to advance the welfare of the industry.
Official website here: www.ictaonline.org
Is Industry Council For Tangible Assets legitimate?
Industry Council For Tangible Assets is a legitimate nonprofit organization registered as a 501(c)(6) entity. Industry Council For Tangible Assets 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $139,391
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ictaonline.org
What is the mission statement of Industry Council For Tangible Assets?
The Industry Council for Tangible Assets (ICTA) serves as an information resource for dealers in the tangible asset industry in the United States, providing guidance on relevant laws and regulations. Its primary mission is to safeguard the interests of its members, acting as an industry watchdog to foster a favorable legislative and regulatory environment in the U.S. and all 50 states. ICTA provides a platform for its members to collaborate, consult, and cooperate with governmental and other agencies, working towards solutions that address industry-specific challenges. The organization offers assistance and updates on new and existing laws and regulations, and encourages harmony and cooperation among its members to advance the overall well-being of the industry.
Official website here: www.ictaonline.org
Who is the CEO of Industry Council For Tangible Assets?
David Crenshaw is the Chair of Industry Council For Tangible Assets.
Official website here: www.ictaonline.org
What is the revenue of Industry Council For Tangible Assets?
Industry Council For Tangible Assets's revenue in 2022 was $638,027.
Official website here: www.ictaonline.org
Who are the executives of Industry Council For Tangible Assets and what are their salaries?
The average compensation at Industry Council For Tangible Assets during 2022 was $139,391. There is 1 employee and 28 volunteers at Industry Council For Tangible Assets.
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- Compensation: $110,500
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- Other: $28,891
Official website here: www.ictaonline.org
Where can I find the form 990 for Industry Council For Tangible Assets?
Industry Council For Tangible Assets's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ictaonline.org
Learn more at the official website: www.ictaonline.org
Mission Statement of Industry Council For Tangible Assets
The Industry Council for Tangible Assets (ICTA) is an organization dedicated to providing information and support to dealers in the tangible asset industry within the United States. Its mission is multifaceted, primarily aimed at promoting and safeguarding the interests of its members. Acting as an industry watchdog, ICTA strives to create a favorable legislative and regulatory climate in the U.S.A. and all 50 states. This is achieved through a platform that permits members to collaborate, consult, and cooperate with governmental and other relevant agencies, aiming to find solutions to issues impacting their businesses.
In addition to this, ICTA offers its members assistance and information on new and existing laws and regulations. This proactive approach ensures that its members stay informed and compliant with the ever-changing regulatory landscape. Furthermore, ICTA encourages harmony and cooperation among its members, ultimately contributing to the advancement of the tangible asset industry's welfare as a whole. By fostering a collective effort, ICTA plays a significant role in addressing challenges facing the industry and advocating for its members' interests.
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Impact
October, 2024
The Industry Council for Tangible Assets (ICTA) plays a crucial role in shaping the landscape for dealers in tangible assets such as precious metals and rare coins in the United States. By providing essential information on laws and regulations, ICTA ensures that its members remain compliant with both federal and state requirements, minimizing legal risks and operational obstacles for businesses in this sector.
As a national trade association, ICTA actively engages with governmental agencies and state legislatures, offering valuable insights from the rare coin and precious metals industry before the enactment of laws and regulations. This not only helps in crafting legislation that is fair and informed but also raises the industry's profile among decision-makers.
In addition, ICTA serves as a vital clearinghouse of information, alerting its members about new procedures and reporting requirements. This proactive approach fosters a cooperative environment among members, enhancing the industry's overall stability and growth.
By championing the interests of its members and facilitating communication between industry professionals and government entities, ICTA maintains a favorable legislative and regulatory climate. This aligns with its mission to safeguard the interests of dealers and promote the welfare of the entire tangible assets community. Through education, advocacy, and collaboration, ICTA significantly impacts the operational landscape for tangible asset dealers, driving positive change within the industry.
This information is meant to be a general summary of Industry Council For Tangible Assets. 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.
- Investment Income: $606
- Program Service Revenue: $296,230
- Gross Receipts: $638,027
Assets and Liabilities:
- Total Assets: $828,857
- Total Liabilities: $228,942
- Net Assets: $599,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$290,325
MEETINGS
Revenue
$2,580
PUBLICATIONS
Revenue
$2,200
SPONSORSHIPS
Revenue
$1,125
Organization Details
Founding Year
1983
Phone
(678) 430-3252Principal Officer
David Crenshaw
Main Address
PO BOX 237, DACULA, GA, 30019
Website
www.ictaonline.orgNTEE Category
Code: S41 - Community improvement
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