International Tax & Investment Center
- Assets
- $3.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 52-1852434
Organization Overview
International Tax & Investment Center is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, International Tax & Investment Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Tax & Investment Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, International Tax & Investment Center generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ITIC'S MISSION IS TO ENCOURAGE PRO-GROWTH TAX, TRADE AND INVESTMENT POLICIES IN NON-OECD COUNTRIES BY FACILITATING MUTUAL UNDERSTANDING AND TRUST BETWEEN BUSINESS AND GOVERNMENT THROUGH THE ITIC NEUTRAL TABLE AND BASED ON HIGH QUALITY ANALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFRICA PROJECTS - ITIC BEGAN ITS WORK IN AFRICA IN 2000 WITH A SERIES OF INDIRECT TAX STUDIES AND IN-COUNTRY WORKSHOPS IN KENYA AND GHANA. THE AFRICA TAX DIALOGUE, WHICH ITIC FOUNDED IN 2010, FOCUSES ON TAX COORDINATION WITHIN REGIONAL ECONOMIC COMMUNITIES (RECS) IN AFRICA. IT BRINGS TOGETHER THE SECRETARIATS FROM THE EAST AFRICAN COMMUNITY (EAC), SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC), WEST AFRICAN ECONOMIC AND MONETARY UNION (UEMOA), AND ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS) TO DISCUSS THEIR OWN TAX COORDINATION AS WELL AS THE BEST PRACTICES OF OTHERS. ITIC ALSO CONVENES ISSUE- AND COUNTRY-SPECIFIC WORKSHOPS WITH FINANCE AND REVENUE OFFICIALS ACROSS THE CONTINENT.
ASIA-PACIFIC PROJECTS - ITIC CO-FOUNDED THE ASIA-PACIFIC TAX FORUM (APTF) IN 2005. ITIC'S WORK IN THE ASIA-PACIFIC REGION HAS EVOLVED INTO A PROGRAM OF CONTINUOUS ENGAGEMENT AMONG PUBLIC-SECTOR AND PRIVATE-SECTOR STAKEHOLDERS, AS WELL AS ACADEMIC EXPERTS. ITIC HAS PRODUCED AN EXTENSIVE SERIES OF PUBLICATIONS COVERING TOPICAL TAX ISSUES IN THE REGION, SUCH AS THE ASEAN EXCISE TAX REFORM: A RESOURCE MANUAL, WHICH HAS BEEN TRANSLATED INTO THREE LANGUAGES.
EURASIA PROJECTS - ITIC'S EURASIA PROGRAM DATES BACK TO THE ORGANIZATION'S FOUNDING IN 1993. IT INCLUDES THE EURASIA TAX FORUM, WHICH BRINGS TOGETHER SENIOR OFFICIALS FROM MINISTRIES OF FINANCE AND TAX ADMINISTRATIONS FROM THE EURASIA REGION WITH INTERNATIONAL EXPERTS, ACADEMIA, INDUSTRY EXPERTS AND MULTILATERAL ORGANIZATIONS. ITIC HAS ALSO CONDUCTED A NUMBER OF COUNTRY-LEVEL STUDIES OVER THE YEARS IN UZBEKISTAN, KAZAKHSTAN, RUSSIA, AND UKRAINE. ITIC HAS ENGAGED IN A MINING TAXATION STUDY IN KAZAKHSTAN, WHICH ANALYZES CURRENT PRACTICES, AUSTRALIAN EXPERIENCE AND INTERNATIONAL BEST PRACTICES.
VARIOUS OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel A Witt President | OfficerTrustee | 70 | $461,000 |
Blake Marshall Vice President | Officer | 50 | $307,500 |
The Honorable James C Miller III Chairman Executive Committee | OfficerTrustee | 6 | $20,000 |
The Rt Honorable Lord David Hunt Co-Chairman | Trustee | 1 | $0 |
The Honorable Thomas R Pickering Honorary Co-Chairman | Trustee | 1 | $0 |
The Honorable Dave Camp Co-Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The M Group Inc Consulting | 12/30/19 | $145,549 |
Ariel Cohen Associates Consulting | 12/30/19 | $158,763 |
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 | $2,620,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,620,566 |
| Total Program Service Revenue | $0 |
| Investment income | $13,227 |
| 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 | $2,633,793 |
| 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. | $1,019,684 |
| Compensation of current officers, directors, key employees. | $149,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,202 |
| Pension plan accruals and contributions | $47,782 |
| Other employee benefits | $1,155 |
| Payroll taxes | $45,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,519 |
| Fees for services: Accounting | $157,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $995,881 |
| Advertising and promotion | $0 |
| Office expenses | $13,012 |
| Information technology | $25,785 |
| Royalties | $0 |
| Occupancy | $44,900 |
| Travel | $102,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,786 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,661 |
| Insurance | $24,266 |
| All other expenses | $0 |
| Total functional expenses | $2,673,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,667 |
| 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 | $38,304 |
| Net Land, buildings, and equipment | $3,271 |
| Investments—publicly traded securities | $3,183,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,788 |
| Total assets | $3,853,010 |
| Accounts payable and accrued expenses | $153,818 |
| Grants payable | $0 |
| Deferred revenue | $69,429 |
| 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 | $18,774 |
| Total liabilities | $242,021 |
| Net assets without donor restrictions | $3,610,989 |
| 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 | $3,853,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freedomworks Inc Washington, DC | $3,468,084 | $5,609,429 |
Center For Strategic And Budgetary Assessments Washington, DC | $2,639,810 | $6,371,347 |
Council On State Taxation Washington, DC | $3,072,367 | $4,726,725 |
Committee For A Responsible Federal Budget Washington, DC | $2,854,266 | $5,338,402 |
Aga Alexandria, VA | $6,831,962 | $5,483,639 |
International Tax & Investment Center Washington, DC | $3,853,010 | $2,633,793 |
Prosperity Alliance Inc Fairfax, VA | $1,099,186 | $3,530,000 |
Operation Lifesaver Inc Washington, DC | $1,419,478 | $2,622,409 |
Republican Governors Public Policy Committee Washington, DC | $3,734,909 | $3,934,225 |
Commonwealth Institute For Fiscal Analysis Richmond, VA | $3,474,221 | $2,951,328 |
Taxpayers For Common Sense Washington, DC | $2,221,300 | $2,504,065 |
Native American Financial Services Association Washington, DC | $167,087 | $793,241 |