Florida Taxwatch Research Institute Inc
- Assets
- $3.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Tallahassee, FL
- Founding
- 09/1980
- Data as of
- 09/2021
- EIN
- 59-1918055
Organization Overview
Florida Taxwatch Research Institute Inc is located in Tallahassee, FL. The organization was established in 1980. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2021, Florida Taxwatch Research Institute Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Taxwatch Research 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 09/2021, Florida Taxwatch Research Institute Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 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
TO PROVIDE CITIZENS WITH INDEPENDENT RESEARCH ON GOVERNMENT FISCAL POLICY AND TO PROMOTE THEMOST EFFICIENT USE OF TAXPAYER DOLLARS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRUDENTIAL PRODUCTIVITY AWARDS RECOGNIZES STATE WORKERS WHOSE INNOVATIONS IMPROVE THE DELIVERY OF GOVERNMENT SERVICES AND SAVE TAXPAYERS MONEY
RESEARCHERS ANALYZE GOVERNMENTS AT THE STATE AND LOCAL LEVELS AND PRESENT REPORTS RECOMMENDING WAYS TO IMPROVE THE EFFICIENCY OF SPENDING PUBLIC MONIES FOR THE PROGRAMS THAT INCLUDE EDUCATION, ECONOMIC DEVELOPEMENT AND TAXATION
GATHER THE LARGE BOARD OF TRUSTEES TOGETHER TWICE A YEAR TO DISCUSS THE DIRECTION, PROGRAMS, AND FUTURE OF THE INSTITUTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Dominic M Calabro President & CEO | OfficerTrustee | 60 | $311,058 |
Mr Robert E Weissert Employee | 40 | $174,167 | |
Mr Kurt Wenner Employee | 40 | $156,264 | |
Robert Nave Employee | 40 | $117,500 | |
Mr Steve L Evans Director | Trustee | 25 | $60,000 |
Mr Iwan Mohamed Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,931,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,166,142 |
| Total Program Service Revenue | $133,500 |
| Investment income | $5,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,312,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,434 |
| Grants and other assistance to domestic individuals. | $34,531 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $503,582 |
| Compensation of current officers, directors, key employees. | $25,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $827,531 |
| Pension plan accruals and contributions | $55,874 |
| Other employee benefits | $0 |
| Payroll taxes | $75,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,650 |
| Advertising and promotion | $0 |
| Office expenses | $40,873 |
| Information technology | $40,412 |
| Royalties | $0 |
| Occupancy | $31,533 |
| Travel | $32,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,627 |
| Interest | $8 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,904 |
| Insurance | $118,626 |
| All other expenses | $120 |
| Total functional expenses | $2,076,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $907,506 |
| 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 | $17,785 |
| Net Land, buildings, and equipment | $861,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,664,870 |
| Accounts payable and accrued expenses | $109,553 |
| Grants payable | $0 |
| Deferred revenue | $57,225 |
| 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 | $166,778 |
| Net assets without donor restrictions | $2,223,699 |
| Net assets with donor restrictions | $1,274,393 |
| 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 | $3,664,870 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Florida Taxwatch Research Institute Inc has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
State Chartered Credit Unions In Florida Fort Lauderdale, FL PURPOSE: Charitable donation to support research efforts in obtaining high quality independent research and education on government revenues expenditures taxation public policies and programs and to increase the productivity and accountability of Florida Government. | $50,000 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: EDUCATION/ACADEMIC | $25,000 |
Capital Health Plan Inc Tallahassee, FL PURPOSE: EVENT SPONSORSHIP | $25,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Port Of Miami Crane Management Inc Miami, FL | $7,034,425 | $17,162,724 |
Berges Family Foundation Vero Beach, FL | $57,651,104 | $11,821,447 |
Purpose Built Families Foundation Pembroke Pines, FL | $1,302,506 | $7,669,586 |
Support For Missions Inc Davenport, FL | $1,145,432 | $3,234,010 |
Kamileons Kloset Professional Development Inc Atlanta, GA | $890,251 | $2,826,364 |
Florida Taxwatch Research Institute Inc Tallahassee, FL | $3,664,870 | $2,312,538 |
Key Largo Volunteer Fire Department Inc Key Largo, FL | $15,840 | $1,466,572 |
Florida Next Foundation Inc Tampa, FL | $359,911 | $1,341,167 |
Forcesunited Inc Augusta, GA | $599,735 | $1,140,304 |
Love The Golden Rule Inc St Petersburg, FL | $1,098,187 | $1,065,340 |
Alabama Policy Institute Inc Birmingham, AL | $363,839 | $962,542 |
Romy And Gaby Sci Foundation Inc Tampa, FL | $1,172,225 | $1,233,538 |