Overview
What is Institute For Professionals In Taxation?
The Institute for Professionals in Taxation is a nonprofit organization based in Atlanta, Georgia, specifically at 1100 Abernathy Road NE 750, 30328. Its primary mission is to promote the professionalization of its members and advocate for the uniform and equitable administration of ad valorem taxation and other forms of state and local taxation. The organization strives to minimize the costs of administration and compliance. The annual conference serves as a platform for discussions on current issues and offers educational sessions for members, fostering an exchange of information among them. With a dedicated workforce of 17 individuals, the Institute for Professionals in Taxation is committed to upholding professional standards and shaping taxation policies effectively.
Official website here: www.ipt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Institute for Professionals in Taxation has received an 84% rating from Charity Navigator, which indicates a solid level of accountability and finance management. The organization's overall score is derived entirely from its strong performance in the Accountability & Finance beacon, showcasing its commitment to fiscal responsibility and transparency.
One of the organization's key strengths is its governance structure, featuring a fully independent board of directors, which reflects good oversight. The Institute also demonstrates high program efficiency, with a program expense ratio of 75.61%, meaning a significant portion of its resources are directed towards its mission. Furthermore, it has no material diversion of assets, which highlights its integrity in financial practices.
However, there are some areas for improvement, particularly regarding the absence of certain policies, such as a conflict of interest policy and a whistleblower policy. These gaps could potentially affect its governance and operational transparency. Despite these limitations, the Institute's strong financial metrics showcase its stability and focus on its core mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Institute For Professionals In Taxation?
Though the Institute For Professionals In Taxation currently has only three reviews, the sentiment expressed is overwhelmingly positive. One user specifically highlights the organization as a "top notch" option for tax professionals, indicating a high level of satisfaction with the services provided.
The lack of more extensive feedback does not hinder the impression that the nonprofit is well-regarded among its members. This suggestion of quality service reinforces the notion that the organization effectively meets the needs of tax professionals.
Overall, the initial responses suggest that the Institute For Professionals In Taxation holds a strong reputation, with users appreciating the value and support it offers to those in the tax sector.
This AI summary has been generated from reviews found on Facebook.
Is Institute For Professionals In Taxation legitimate?
Institute For Professionals In Taxation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Professionals In Taxation 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: $351,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $885,748
For more financial information, click here
Official website here: www.ipt.org
What is the mission statement of Institute For Professionals In Taxation?
The Institute for Professionals in Taxation is committed to fostering and promoting the professionalization of its members, as well as advocating for the uniform and equitable administration of ad valorem taxation and other forms of state and local taxation. Their mission also includes minimizing the costs associated with administration and compliance. The organization hosts an annual conference, offering a platform for members to discuss current issues and participate in educational sessions, thereby promoting the exchange of information among its members.
Official website here: www.ipt.org
Who is the CEO of Institute For Professionals In Taxation?
Chris G Muntifering is the Board Of Governors (P) of Institute For Professionals In Taxation.
Official website here: www.ipt.org
What is the revenue of Institute For Professionals In Taxation?
Institute For Professionals In Taxation's revenue in 2022 was $4,118,072.
Official website here: www.ipt.org
Who are the executives of Institute For Professionals In Taxation and what are their salaries?
The average compensation at Institute For Professionals In Taxation during 2022 was $72,777. There are 17 employees at Institute For Professionals In Taxation.
Here are 20 key members and their salaries:
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- Compensation: $104,570
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- Other: $24,893
Official website here: www.ipt.org
Where can I find the form 990 for Institute For Professionals In Taxation?
Institute For Professionals In Taxation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ipt.org
Learn more at the official website: www.ipt.org
Mission Statement of Institute For Professionals In Taxation
The Institute for Professionals in Taxation is committed to advancing and upholding the fair and consistent implementation of state and local taxation. Its primary objective is to elevate the professionalism of its members, ensuring they are equipped with the necessary tools and knowledge to manage ad valorem taxation and other forms of local and state taxation effectively. Furthermore, the Institute strives to minimize the administrative and compliance costs associated with taxation, fostering an environment of uniformity and equity.
To achieve its mission, the Institute conducts an annual conference that serves as a platform for discussing current issues and offers educational sessions for its members. This forum encourages the exchange of information among the Institute's members, enabling them to stay updated on the latest developments in taxation and collaborate on best practices. By fostering professional development and promoting equitable taxation, the Institute for Professionals in Taxation plays a crucial role in shaping the taxation landscape and ensuring its members are well-equipped to navigate the complexities of the field.
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Impact
July, 2024
The Institute For Professionals In Taxation plays a crucial role in fostering the professionalization of its members and promoting uniform and equitable administration of state and local taxation. Through its annual conference and educational sessions, the institute provides a forum for discussion on current issues and facilitates the exchange of information among members. By doing so, the institute contributes to minimizing the costs of administration and compliance in the field of taxation, ultimately benefiting the public.
This information is meant to be a general summary of Institute For Professionals In Taxation. 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: $69,579
- Program Service Revenue: $3,760,618
- Gross Receipts: $8,680,875
Assets and Liabilities:
- Total Assets: $10,421,871
- Total Liabilities: $438,495
- Net Assets: $9,983,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,817,275
SALES TAX PROGRAMS
Revenue
$856,385
PROPERTY TAX PROGRAMS
Revenue
$587,544
ANNUAL CONFERENCE
Revenue
$271,660
CREDITS AND INCENTIVES SYMPOSIUM
Revenue
$159,609
Organization Details
Founding Year
1976
Phone
(404) 240-2300Principal Officer
Chris G Muntifering
Main Address
1100 ABERNATHY ROAD NE 750, ATLANTA, GA, 30328
Website
www.ipt.orgNTEE Category
Code: W22P - Public benefit
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