International Fuel Tax Association Inc
- Assets
- $4.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Mesa, AZ
- Founding
- 12/1990
- Data as of
- 06/2023
- EIN
- 86-0640757
Organization Overview
International Fuel Tax Association Inc is located in Mesa, AZ. The organization was established in 1990. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2023, International Fuel Tax Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Fuel Tax Association Inc 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 06/2023, International Fuel Tax Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE THE FUEL TAX AGREEMENT WITH VARIOUS TAXING JURISDICTIONS IN THE US AND CANADA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE THE INTERNATIONAL FUEL TAX AGREEMENT FOR ALL PARTICIPATING JURISDICTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Martorana CEO | 40 | $105,000 | |
Amy Ramseell Director | Trustee | 2 | $0 |
Julian Daniels Director | Trustee | 2 | $0 |
Joni St John Director | Trustee | 2 | $0 |
James Akroyd Director | Trustee | 2 | $0 |
Omero Guzman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $984,575 |
| 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 | $984,575 |
| Total Program Service Revenue | $201,784 |
| Investment income | $576,145 |
| 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 | $1,768,637 |
| 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 | $600,816 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,503 |
| Payroll taxes | $48,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,888 |
| Fees for services: Accounting | $8,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,887 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,137 |
| Information technology | $5,085 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $204,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $557,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,329 |
| Insurance | $3,330 |
| All other expenses | $0 |
| Total functional expenses | $1,624,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,608 |
| Savings and temporary cash investments | $1,299,055 |
| 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 | $13,605 |
| Investments—publicly traded securities | $3,139,550 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,501,818 |
| Accounts payable and accrued expenses | $1,192,136 |
| Grants payable | $0 |
| Deferred revenue | $380,207 |
| 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 | $1,572,343 |
| Net assets without donor restrictions | $2,929,475 |
| 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 | $4,501,818 |