Southern Federal Tax Institute Inc
- Assets
- $2.0m
- Revenue
- $767.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 10/1965
- Data as of
- 10/2022
- EIN
- 58-6047220
Organization Overview
Southern Federal Tax Institute Inc is located in Decatur, GA. The organization was established in 1965. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Federal Tax Institute Inc 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 10/2022, Southern Federal Tax Institute Inc generated $767.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $423.8k during the year ending 10/2022. 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE WAS FORMED PRIMARILY FOR EDUCATIONAL PURPOSES. IN KEEPING WITH ITS EXEMPT PURPOSE, THE INSTITUTE CONDUCTS A FEDERAL TAXATION FORUM WHICH ALLOWS ITS PARTICIPANTS TO DISCUSS AND SHARE NEW IDEAS AND LEARN THE PROVISIONS OF NEW TAX LEGISLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan F Rothschild Jr Chairman | Officer | $0 | |
Martha Louise R Lewis President | Officer | $0 | |
Jeffery S Drummonds Treasurer | Officer | $0 | |
David C Sojourner Jr VP | Officer | $0 | |
Cameron N Cosby Secretary | Officer | $0 | |
Tiffany A Altizer Trustee | Trustee | $0 |
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 | $736,600 |
| Investment income | $31,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $767,280 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,577 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $47,304 |
| Total functional expenses | $423,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,891 |
| 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 | $1,252,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $1,985,748 |
| 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 | $1,985,748 |
| 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 | $1,985,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Financing Foundation Inc Marietta, GA | $721,231,640 | $88,509,348 |
Institute For Professionals In Taxation Atlanta, GA | $10,421,871 | $4,118,072 |
North Augusta Public Facilities Corporation North Augusta, SC | $72,500,042 | $3,549,611 |
Alabama Arise Montgomery, AL | $1,211,142 | $1,025,303 |
Southern Federal Tax Institute Inc Decatur, GA | $1,985,748 | $767,280 |
Alabama Alliance Network Birmingham, AL | $203,591 | $273,030 |
Southeastern Association Of Tax Administrators Garner, NC | $531,418 | $318,828 |
City Of Anderson Public Facilities Corporation Anderson, SC | $9,361,732 | $79 |
North Carolina Government Finance Officers Association Raleigh, NC | $622,376 | $381,391 |
Southern Finance Association Jacksonville, AL | $1,365,946 | $150,822 |
Lake City Healthcare Foundation Lake City, SC | $751,494 | $59,424 |
American Institute On Federal Taxation Montgomery, AL | $0 | $0 |