Overview
What is California Tax Education Council Inc?
California Tax Education Council Inc is a nonprofit organization situated in Lincoln, California. Their primary mission is to enlighten the public about the obligations of unlicensed tax preparers operating in California. They warn against the risks of entrusting tax returns to unauthorized preparers and educate the public on various related matters. To accomplish this, they employ diverse communication methods, such as social media advertisements, blog posts, radio broadcasts, podcasts, and brochures, ensuring their messages reach a broad audience in multiple languages. Additionally, the council sets professional tax education standards, approves providers adhering to these standards, and assists tax preparers in complying with these requirements, ultimately safeguarding the interests of California taxpayers.
Official website here: www.ctec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The California Tax Education Council Inc has achieved a strong rating of 92%, reflecting its commitment to accountability and financial integrity. The organization has a perfect score in several key areas, including having 100% independent board members and maintaining no material diversion of assets. Its robust financial oversight and transparency are underlined by a high program expense ratio of 84.40%, indicating that a significant portion of its resources is directed toward its educational mission.
While the organization excels in many aspects, it does have a notable limitation: the absence of a whistleblower policy, which is a critical component of governance in nonprofit organizations. Despite this shortcoming, the other governance practices, such as having documented meeting minutes and comprehensive financial statements, contribute positively to its overall accountability.
The council's financial health is further evidenced by a low liabilities to assets ratio of 6.09%, showcasing effective management of its resources. Overall, the California Tax Education Council Inc stands out as a well-managed organization that prioritizes its educational mission, though it could enhance its governance framework by addressing the missing whistleblower policy.
This AI summary has been generated from information found on Charity Navigator.
Is California Tax Education Council Inc legitimate?
California Tax Education Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Tax Education Council Inc 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.ctec.org
What is the mission statement of California Tax Education Council Inc?
The California Tax Education Council (CTEC) is committed to establishing and upholding professional standards for tax education. It approves providers who adhere to these standards and facilitates compliance for tax preparers, all with the aim of benefiting California taxpayers. The organization carries out extensive public awareness programs to educate the public about the importance of licensed tax preparers, warn about potential issues with unlicensed preparers, and provide information on various tax-related matters. These educational initiatives are delivered in various languages and formats, including social media, radio, podcasts, and brochures.
Official website here: www.ctec.org
Who is the CEO of California Tax Education Council Inc?
Fernando E Angell Iii Crtp is the Director of California Tax Education Council Inc.
Official website here: www.ctec.org
What is the revenue of California Tax Education Council Inc?
California Tax Education Council Inc's revenue in 2023 was $1,707,869.
Official website here: www.ctec.org
Who are the executives of California Tax Education Council Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.ctec.org
Where can I find the form 990 for California Tax Education Council Inc?
California Tax Education Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctec.org
Learn more at the official website: www.ctec.org
Mission Statement of California Tax Education Council Inc
The California Tax Education Council (CTEC) is committed to setting professional standards for tax education, approving providers who adhere to these standards, and fostering compliance among tax preparers for the advantage of California taxpayers. This mission is aimed at benefiting the state's taxpayers by ensuring that those who prepare taxes follow established guidelines and maintain a high level of competence. To achieve this goal, CTEC conducts a range of public awareness programs. These initiatives, delivered in various languages and formats such as social media advertisements, blog posts, radio broadcasts, podcasts, and brochures, aim to educate the public on the requirements for unlicensed tax preparers in California, caution against the potential risks of using unlicensed preparers, and enlighten the public on other matters aligned with CTEC's mission.
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Impact
July, 2024
California Tax Education Council Inc's impact is significant in ensuring that tax preparers in California adhere to professional tax education standards. By approving tax education providers who comply with these standards, the organization facilitates tax preparer compliance, ultimately benefiting California taxpayers. Additionally, through a variety of public awareness programs conducted in multiple languages and formats such as social media, radio, and brochures, the organization educates the public on the risks of using unlicensed tax preparers and other important tax-related matters. This proactive approach helps protect consumers and promotes greater financial literacy within the community.
This information is meant to be a general summary of California Tax Education Council Inc. 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 2023.
- Investment Income: $23,431
- Program Service Revenue: $1,679,688
- Gross Receipts: $1,707,869
Assets and Liabilities:
- Total Assets: $998,688
- Total Liabilities: $60,881
- Net Assets: $937,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BROCHERS AND OTHER INCOME
Revenue
$555
CERTIFICATES
Revenue
$690
PROVIDER FEES
Revenue
$24,450
REGISTRATION FEES
Revenue
$1,653,993
Organization Details
Founding Year
1997
Phone
(909) 373-0770Principal Officer
Fernando E Angell Iii Crtp
Main Address
PO Box 458, Lincoln, CA, 95648
Website
www.ctec.orgNTEE Category
Code: T70Z - Philanthropy
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