Historic Tax Credit Coalition
- Assets
- $13.1k
- Revenue
- $462.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 26-4177858
Organization Overview
Historic Tax Credit Coalition is located in Washington, DC. Historic Tax Credit Coalition is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Historic Tax Credit Coalition generated $462.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $497.1k during the year ending 12/2022. While expenses have increased by 14.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE USE AND IMPROVEMENT OF THE FEDERAL HISTORIC TAX CREDIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE COALITION CONDUCTS INFORMATION SHARING WITHIN THE HISTORIC TAX CREDIT (HTC) INDUSTRY, DISSEMINATES BEST PRACTICES AND PROCEDURES, SUPPORTS ACADEMIC STUDIES AND CONDUCTS ITS OWN RESEARCH ON TRENDS IN THE INDUSTRY, AND INTERACTS WITH FEDERAL AGENCIES AND CONGRESS TO PROMOTE BETTER ADMINISTRATION OF THE HTC AND ADVOCATE FOR ITS IMPROVEMENT. THE ORGANIZATION HAS A CONTRACT WITH A PUBLIC POLICY CONSULTANT WITH SPECIFIC GOALS IN EACH AREA AND IS REGULARLY ACCOUNTABLE TO ITS MEMBERSHIP. THE COALITION SUPPORTS THE PUBLICATION OF AN ANNUAL REPORT ON THE ECONOMIC IMPACT OF THE CREDIT AND OTHER REPORTS AS-NEEDED, INCLUDING STATE-SPECIFIC REPORTS AND A RECENT STUDY OF THE CATALYTIC IMPACT OF THE HTC. THERE ARE ALSO GOALS WITH RESPECT TO GENERATING CLARIFYING GUIDANCE FROM FEDERAL AGENCIES INCLUDING THE IRS AND THE NATIONAL PARK SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merrill Hoopengardner Chair | OfficerTrustee | 5 | $0 |
Forrest Milder Vice Chair | OfficerTrustee | 1 | $0 |
David Herdlick Treasurer | OfficerTrustee | 1 | $0 |
John Tess Secretary | OfficerTrustee | 1 | $0 |
Joe Alexander Board Member | Trustee | 1 | $0 |
Scott Demartino Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Confluence Government Relations Admin, Strategic Counsel, Lobbying | 12/30/22 | $242,000 |
Harbinger Strategies Llc Admin, Strategic Counsel, Lobbying | 12/30/22 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $462,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $145,200 |
| Fees for services: Legal | $60,000 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $276,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $65 |
| Total functional expenses | $497,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,100 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,100 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,100 |