TAX EDUCATION SUPPORT ORGANIZATION

Address
2610 PARK AVENUE
MUSCATINE, IA 52761
Contact
Phone: +1 (563) 264-8080
Nonprofit
NTEE: W192 - Public support and societal benefit
EIN: 42-1245565

Mission

TESO'S MISSION IS SUPPORTING TAX EDUCATION FOUNDATION (TEF), A IRC 501(C) (3) ORGANIZATION, ITS WORK IS TO PROVIDE EDUCATION AND RESEARCH ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT FOR THE BENEFIT OF ALL IOWANS AND AMERICANS. OUR ORGANIZATION IS NON-PARTISAN AND DOES NOT SUPPORT OR OPPOSE ANY CANDIDATE OR POLITICAL PARTY.
 201720162015
Basic features of the organization
Year of formation1984
Subsection501(c)(3)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$655,829.00$657,922.00$562,466.00
Sum of reportable (W2/1099) compensation$757,877.00$657,922.00$562,466.00
Number of employees1088
Number of people compensated >$100k432
Number of volunteers1050005000
Personnel
815, David
Title  CHAIRMAN
Name of key/compensated person  DAVID M STANLEY DECD 815
Average hours per week working for org  15.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Average hours per week working for related orgs  36.00
Ingstad, Christopher
TitlePRESIDENTPRESIDENT 
Name of key/compensated personCHRISTOPHER S INGSTADCHRISTOPHER S INGSTAD 
Average hours per week working for org20.0020.00 
Reportable compensation from org$145,230.00$101,884.00 
Other comp, non-reportable, from org and related orgs$6,000.00$6,000.00 
PositionIndividual trustee or director, OfficerIndividual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs $25,629.00$0.00 
Average hours per week working for related orgs22.0032.00 
Nichols, Chris
TitleEMPLOYEE  
Name of key/compensated personCHRIS NICHOLS  
Average hours per week working for org40.00  
Reportable compensation from org$111,541.00  
Other comp, non-reportable, from org and related orgs$15,290.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Phillips, Richard
TitleVP/SEC/TREASVP/SEC/TREASVICE PRESIDE
Name of key/compensated personRICHARD R PHILLIPSRICHARD R PHILLIPSRICHARD R PHILLIPS
Average hours per week working for org20.0020.0030.00
Reportable compensation from org$202,708.00$173,506.00$171,706.00
Other comp, non-reportable, from org and related orgs$14,543.00$14,543.00$16,540.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs12.0015.0026.00
Racheter, Donald
Title VICE CHAIRMAVICE CHAIRMA
Name of key/compensated person DONALD P RACHETERDONALD P RACHETER
Average hours per week working for org 5.005.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $6,836.00$6,819.00
Position Individual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs  $141,930.00$136,389.00
Average hours per week working for related orgs 11.0052.00
Solt, Robert
TitleCHAIRMANCHAIRMANPRESIDENT/TR
Name of key/compensated personROBERT H SOLTROBERT H SOLTROBERT H SOLT
Average hours per week working for org20.0020.0020.00
Reportable compensation from org$274,440.00$382,532.00$390,760.00
Other comp, non-reportable, from org and related orgs$15,342.00$15,455.00$17,271.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $30,493.00$0.00$0.00
Average hours per week working for related orgs22.0039.0036.00
Steele, Dan
TitleEMPLOYEE  
Name of key/compensated personDAN STEELE  
Average hours per week working for org8.00  
Reportable compensation from org$23,958.00  
Other comp, non-reportable, from org and related orgs$16,037.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $95,834.00  
Average hours per week working for related orgs32.00  
Voorhees, Peter
TitleFINANCE CHAIFINANCE CHAIFINANCE CHAI
Name of key/compensated personPETER E VOORHEESPETER E VOORHEESPETER E VOORHEES
Average hours per week working for org1.001.005.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs2.002.008.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesSUPPORTING TAX EDUCATION FOUNDATION (TEF), A IRC 501(C)(3) ORGANIZATION, IN ITS WORK TO PROVIDE EDUCATION AND RESEARCH ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT.SUPPORTING TAX EDUCATION FOUNDATION (TEF), A IRC 501(C)(3) ORGANIZATION, IN ITS WORK TO PROVIDE EDUCATION AND RESEARCH ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT.SUPPORTING TAX EDUCATION FOUNDATION (TEF), A IRC 501(C)(3) ORGANIZATION, IN ITS WORK TO PROVIDE EDUCATION AND RESEARCH ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT.
Program expenses (total)$1,066,164.00$1,024,380.00$1,141,709.00
Programs, including revenue & expenses
OUR WORK ON THE NATIONAL LEVEL, PRIMARILY THROUGH NATIONAL TAXPAYERS UNION FOUNDATION, HAS CONTRIBUTED TO INCREASED INCENTIVES FOR SAVINGS, INVESTMENTS, ECONOMIC GROWTH AND JOB CREATION. THROUGH NATIONAL TAXPAYERS UNION FOUNDATION, WE HAVE EDUCATED AMERICANS HOW TAXES, GOVERNMENT SPENDING AND REGULATONS AFFECT THEM. THROUGH DIFFERENCE MAKING DATA, ANALYSIS, AND COMMENTARY, WE EMPOWER CITIZENS TO ENGAGE IN CRITICAL POLICY DEBATES OF OUR TIME.
Program expenses  $25,000.00
Grants and allocations made  $25,000.00
Program description  OUR WORK ON THE NATIONAL LEVEL, PRIMARILY THROUGH NATIONAL TAXPAYERS UNION FOUNDATION, HAS CONTRIBUTED TO INCREASED INCENTIVES FOR SAVINGS, INVESTMENTS, ECONOMIC GROWTH AND JOB CREATION. THROUGH NATIONAL TAXPAYERS UNION FOUNDATION, WE HAVE EDUCATED AMERICANS HOW TAXES, GOVERNMENT SPENDING AND REGULATONS AFFECT THEM. THROUGH DIFFERENCE MAKING DATA, ANALYSIS, AND COMMENTARY, WE EMPOWER CITIZENS TO ENGAGE IN CRITICAL POLICY DEBATES OF OUR TIME.
PROVIDE IMPORTANT AND USEFUL EDUCATIONAL AND RESEARCH INFORMATION ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT PRIMARILY THROUGHT TAX EDUCATION FOUNDATION.
Program expenses  $50,000.00
Program description  PROVIDE IMPORTANT AND USEFUL EDUCATIONAL AND RESEARCH INFORMATION ON TAXATION, GOVERNMENT SPENDING AND PRINCIPLES OF LIMITED GOVERNMENT PRIMARILY THROUGHT TAX EDUCATION FOUNDATION.
SUPPORT TAX EDUCATION FOUNDATION BY PROVIDING STAFF, SERVICES, EQUIPMENT, DATA PROCESSING, WEBSITE, EDUCATIONAL MEETINGS, PRINTING, POSTAGE AND OTHER ASSISTANCE.
Program expenses$1,066,164.00$1,024,380.00$1,066,709.00
Grants and allocations made $1,028.00 
Program descriptionSUPPORT TAX EDUCATION FOUNDATION BY PROVIDING STAFF, SERVICES, EQUIPMENT, DATA PROCESSING, WEBSITE, EDUCATIONAL MEETINGS, PRINTING, POSTAGE AND OTHER ASSISTANCE.SUPPORT TAX EDUCATION FOUNDATION BY PROVIDING STAFF, SERVICES, EQUIPMENT, DATA PROCESSING, WEBSITE, EDUCATIONAL MEETINGS, PRINTING, POSTAGE AND OTHER ASSISTANCE.SUPPORT TAX EDUCATION FOUNDATION BY PROVIDING STAFF, SERVICES, EQUIPMENT, DATA PROCESSING, WEBSITE, EDUCATIONAL MEETINGS, PRINTING, POSTAGE AND OTHER ASSISTANCE.
Financial data
Expense categories (totals)
Sum (total functional expenses)$1,282,541.00$1,228,931.00$1,350,654.00
Program services (total functional expenses)$1,066,164.00$1,024,380.00$1,141,709.00
Management & general (total functional expenses)$95,299.00$87,195.00$85,925.00
Fundraising (total functional expenses)$121,078.00$117,356.00$123,020.00
Revenue
Total revenue$1,315,505.00$868,452.00$1,796,745.00
Program service revenue (total)  $0.00
Revenue from contributions (total)$1,000.00$1,000.00$1,000.00
Investment income$1,283,233.00$839,986.00$1,755,951.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$31,272.00$27,466.00$39,794.00
Total revenue from grants, etc., current yr$1,000.00$1,000.00$1,000.00
Gross receipts$1,333,314.00$5,286,476.00$5,141,684.00
Sources of contributions
Revenue from all other contributions$1,000.00$1,000.00$1,000.00
Other types of revenue
Miscellaneous revenue (total)$31,272.00$27,466.00$39,794.00
Income from dividends, interest, and similar investments$629,691.00$519,996.00$588,445.00
Net rental income  $0.00
Fees for services
Lobbying fees (total)$117.00  
Legal fees (total)$1,678.00$9,407.00 
Fundraising service fees (total)$0.00$0.00$0.00
Accounting service fees (total)$5,077.00$4,358.00$3,852.00
Assets and liabilities
Total assets$37,082,904.00$33,998,764.00$33,460,797.00
Total assets, beginning of year$33,998,764.00$33,460,797.00$35,012,094.00
Total liabilities$9,561.00$0.00$6,224.00
Total liabilities, beginning of year $6,224.00$9,069.00
Permanently restricted net assets, end of yr$32,082,544.00$29,689,641.00$29,727,592.00
Net assets$37,073,343.00$33,998,764.00$33,454,573.00
Net assets, beginning of year$33,998,764.00$33,454,573.00$35,003,025.00
Other assets$319,973.00$319,559.00$313,400.00
Investments: other securities$252,010.00$1,655,022.00$528,223.00
Investments: publicly traded securities$34,918,892.00$30,729,143.00$31,362,161.00
Other financial variables
Revenue less expenses$32,964.00-$360,479.00$446,091.00
Advertising (total)$29,386.00$21,270.00$13,780.00
Savings & temp cash investment$1,434,357.00$1,217,963.00$1,005,333.00
Accounts receivable, net$22,851.00$13,044.00$156,008.00
Prepaid expenses & deferred charges$19,530.00$4,357.00$3,627.00
Accounts payable & accrued expenses$9,561.00 $6,224.00
Total net assets or fund balances$37,073,343.00$33,998,764.00$33,454,573.00
Depreciation, depletion, amortization$26,189.00$28,497.00$29,830.00
Governance and accountability
Number of voting members454
Number of independent voting members111
Tax year start date2017-01-012016-01-012015-01-01
Tax year end date2017-12-312016-12-312015-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k  True
Org has controlled entityTrueTrueTrue
Org transacted with controlled entityTrueTrueTrue
Metadata about the filing
E-return type990990990
Reason for form submission
Address changeTrue  
Date e-filing submitted2018-08-292017-09-262016-09-22
IRS schema version2017v2.32016v3.02015v2.1
Filing identifier201821229349301392201721329349302497201631319349300243
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