Overview
What is International Fuel Tax Association?
The International Fuel Tax Association, headquartered in Mesa, Arizona, serves as a crucial organization managing the International Fuel Tax Agreement for participating jurisdictions. With a small workforce of seven individuals, their mission is to oversee the fuel tax agreement between various taxing entities in both the United States and Canada. Their primary function involves ensuring seamless fuel tax management across these jurisdictions, thereby facilitating efficient transportation and commerce.
Official website here: www.iftach.org
Is International Fuel Tax Association legitimate?
International Fuel Tax Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. International Fuel Tax Association 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:
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Other Salaries and Wages: $621,741
For more financial information, click here
Official website here: www.iftach.org
What is the mission statement of International Fuel Tax Association?
The International Fuel Tax Association's mission revolves around managing the Fuel Tax Agreement between various taxing jurisdictions in the United States and Canada. In essence, their role is to oversee and facilitate the smooth operation of this agreement for all participating jurisdictions, ensuring a harmonious fuel tax system across the involved regions. This organization plays a crucial role in maintaining fiscal consistency and fairness in the fuel tax sector, thereby contributing to the overall economic and logistical efficiency of cross-border transportation.
Official website here: www.iftach.org
What is the revenue of International Fuel Tax Association?
International Fuel Tax Association's revenue in 2024 was $2,216,195.
Official website here: www.iftach.org
Who are the executives of International Fuel Tax Association and what are their salaries?
The average compensation at International Fuel Tax Association during 2024 was $77,718. There are 8 employees at International Fuel Tax Association.
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Official website here: www.iftach.org
Where can I find the form 990 for International Fuel Tax Association?
International Fuel Tax Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.iftach.org
Learn more at the official website: www.iftach.org
Mission Statement of International Fuel Tax Association
The International Fuel Tax Association, abbreviated as IFTA, is tasked with managing a significant agreement regarding fuel taxes across various jurisdictions in the United States and Canada. Its mission is to oversee the International Fuel Tax Agreement, ensuring that all participating jurisdictions adhere to its terms efficiently. This role involves managing the complexities of fuel taxation, ensuring harmonious operations between different taxing entities. By doing so, IFTA plays a vital role in facilitating seamless transportation and commerce across borders, thereby promoting economic growth and efficiency in the sectors it serves.
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Impact
October, 2024
The International Fuel Tax Association (IFTA) plays a crucial role in the management of fuel tax agreements across various jurisdictions in the U.S. and Canada. By overseeing the implementation of the International Fuel Tax Agreement, IFTA simplifies the tax reporting process for commercial vehicle operators who travel through multiple jurisdictions. This streamlining reduces the administrative burden on both the operators and the tax authorities, promoting compliance and efficiency.
The association helps to ensure fair distribution of fuel tax revenues, which are essential for funding transportation infrastructure and maintenance projects. Through its management of the agreement, IFTA enhances transparency and accountability in fuel tax collection, ultimately contributing to improved community infrastructure and services. This impact is particularly significant for the trucking industry, as it fosters a more predictable tax environment, enabling better operational planning and cost management. Overall, IFTA's efforts support economic growth and enhance the sustainability of transportation systems across North America.
This information is meant to be a general summary of International Fuel Tax Association. 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 2024.
- Investment Income: $970,064
- Program Service Revenue: $243,983
- Gross Receipts: $2,216,195
Assets and Liabilities:
- Total Assets: $3,415,275
- Total Liabilities: $630,087
- Net Assets: $2,785,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETING AND SEMINARS
Revenue
$243,983
Organization Details
Founding Year
1991
Phone
(450) 839-4382Principal Officer
Carmen Martorana
Main Address
14517 W CORTEZ ST, SURPRISE, AZ, 85379
Website
www.iftach.orgNTEE Category
Code: S41 - Community improvement
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