North Texas Collaborative Tax Institute Inc is located in Denton, TX. The organization was established in 2016. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Texas Collaborative 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 12/2022, North Texas Collaborative Tax Institute Inc generated $56.6k 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 (7.4%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE NORTH TEXAS COLLABORATIVE TAX INSTITUTE RECEIVED TAX-EXEMPT STATUS ON MAY 13, 2016, AND OFFICIALLY OPENED TO THE PUBLIC ON AUGUST 31, 2016. FOR THE REST OF 2016, IT FOCUSED ON TRAINING STUDENT & PROFESSIONAL VOLUNTEERS, GATHERING RESOURCES, AND INFORMING THE PUBLIC.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Widmer Jr ESQ President | 20 | $0 | |
Roy Anderson CPA Director | 3 | $0 | |
Ronnie Mcclure CPA Director | 3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,600 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,600 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,167 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,330 |
| Total expenses | $57,997 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,030 |
| Other assets | $0 |
| Total assets | $11,616 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,616 |