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Truth In Accounting
Truth in Accounting (TIA), formerly known as the Institute for Truth in Accounting, is an American think tank that promotes fiscal transparency and accountability. Its stated goal is "to educate and empower citizens with understandable, reliable, and transparent government financial information." Publications Each September, TIA releases its "Financial State of States" report that takes a deep look into each of the 50 states' Comprehensive Annual Financial Report (CAFR) in order to compare assets with liabilities. "For the first time, a detailed analysis of pension and health care liabilities has exposed all fifty states’ actual obligations," commented Ziyi Mai in The John Locke Foundation's blog, ''The Locker Room''. TIA then ranks the 50 states on the basis of taxpayer burden, which is each taxpayer's share of state debt. TIA expanded on its state-level analysis in 2015, moving its analysis to include city-level governments. So far, TIA has analyzed and ranked the twenty l ...
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501(c)
A 501(c) organization is a nonprofit organization in the Law of the United States#Federal law, federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501(c)) and is one of over 29 types of nonprofit organizations exempt from some Taxation in the United States, federal Income tax in the United States, income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and Labor union, unions. For example, a nonprofit organization may be tax-exempt under section 501(c)(3) organization, 501(c)(3) if its primary activities are charitable, religious, educational, scientific, literary, testing for public safety, fostering amateur sports competition, or preventing cruelty to Child abuse, children or Animal cruelty, animals. Types According ...
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Chicago, Illinois
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ...
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United States Public Debt
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then-outstanding Treasury securities that have been issued by the Treasury and other federal agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. In a deficit year the national debt increases as the government needs to borrow funds to finance the deficit, while in a surplus year the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back some Treasury securities. In general, government debt increases as a result of government spending and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. There are two components of gross national debt: * "Debt held ...
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National Center For Charitable Statistics
The National Center for Charitable Statistics (NCCS) is a clearing house for information about the nonprofit sector of the U.S. economy. The National Center for Charitable Statistics builds national, state, and regional databases and develops standards for reporting on the activities of all tax-exempt organizations. Services The National Center for Charitable Statistics collects data on charities in the U.S. and shares this data with the public. The National Center for Charitable Statistics maintains a free online directory of charities, listed by mission and location. When the Electronic Data Initiative for Nonprofits Coalition was formed in 2002, the National Center for Charitable Statistics advised the group in furtherance of the goal of integrated federal and state electronic reporting and dissemination of data on nonprofit organizations. GuideStar works with the National Center for Charitable Statistics to get each Form 990 filed by a nonprofit organization online and ...
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Urban Institute
The Urban Institute is a Washington, D.C.–based think tank that carries out economic and social policy research to "open minds, shape decisions, and offer solutions". The institute receives funding from government contracts, foundations and private donors. The Urban Institute measures policy effects, compares options, shows which stakeholders get the most and least, tests conventional wisdom, reveals trends, and makes costs, benefits, and risks explicit. The Urban Institute has been referred to as "nonpartisan", "liberal", and "left-leaning". In 2020, the Urban Institute co-hosted the second annual Sadie T.M. Alexander Conference for Economics and Related Fields with The Sadie Collective in Washington, D.C. History and funding The Urban Institute was established in 1968 by the Lyndon B. Johnson administration to study the nation's urban problems and evaluate the Great Society initiatives embodied in more than 400 laws passed in the prior four years. Johnson hand-selected we ...
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of th ...
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Comprehensive Annual Financial Report
An Annual Comprehensive Financial Report, formerly called Comprehensive Annual Financial Report (CAFR)) is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB). GASB provides standards for the content of a Comprehensive Annual Financial Report in its annually updated publication ''Codification of Governmental Accounting and Financial Reporting Standards''. The U.S. Federal Government adheres to standards determined by the Federal Accounting Standards Advisory Board (FASAB). A Comprehensive Annual Financial Report is compiled by a state, municipal or other governmental accounting staff and audited by an external American Institute of Certified Public Accountants (AICPA) certified accounting firm utilizing GASB requirements. It is composed of three sections: Introductory, Financial and Statistic ...
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John Locke Foundation
The John Locke Foundation (JLF) is a conservative think tank based in North Carolina. The organization was founded in 1990 to work "for truth, for freedom, and for the future of North Carolina." It is named after the philosopher John Locke, who was a primary contributor to classical liberalism. JLF was co-founded by Art Pope, a North Carolina businessman active in politics. Pope's family foundation provides most of the support for the center. The organization's stated mission is to "employ research, journalism, and outreach programs to transform government through competition, innovation, personal freedom, and personal responsibility. JLF seeks a better balance between the public sector and private institutions of family, faith, community, and enterprise." The organization is concerned primarily with state and local issues. JLF advocates lowering taxes, and encouraging free markets. Amy Oliver Cooke is its current president. The John William Pope Center for Higher Education Policy ...
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American Legislative Exchange Council
The American Legislative Exchange Council (ALEC) is a nonprofit organization of conservative state legislators and private sector representatives who draft and share model legislation for distribution among state governments in the United States. ALEC provides a forum for state legislators and private sector members to collaborate on model bills—draft legislation that members may customize and introduce for debate in their own state legislatures. ALEC has produced model bills on a broad range of issues, such as reducing regulation and individual and corporate taxation, combating illegal immigration, loosening environmental regulations, tightening voter identification rules, weakening labor unions, and opposing gun control. Some of these bills dominate legislative agendas in states such as Arizona, Wisconsin, Colorado, Michigan, New Hampshire, and Maine. Approximately 200 model bills become law each year. ALEC also serves as a networking tool among certain state legislators ...
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Tax Foundation
The Tax Foundation is an American think tank based in Washington, D.C. It was founded in 1937 by a group of businessmen in order to "monitor the tax and spending policies of government agencies". The Tax Foundation collects data and publishes research studies on U.S. tax policies at both the federal and state levels. Its stated mission is to "improve lives through tax policy research and education that leads to greater economic growth and opportunity". The Tax Foundation is organized as a 501(c)(3) tax-exempt non-profit educational and research organization, with three primary areas of research: the Center for Federal Tax Policy, the Center for State Tax Policy, and the Center for Legal Reform. The group is known for its annual reports such as ''Facts & Figures: How Does Your State Compare'', which was first produced in 1941, and its " Tax Freedom Day" brochures, which it has produced since the early 1970s. History The Tax Foundation was organized on December 5, 1937, i ...
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State Policy Network
The State Policy Network (SPN) is a nonprofit organization that serves as a network for conservative and libertarian think tanks focusing on state-level policy in the United States. The network serves as a public policy clearinghouse and advises its member think tanks on fundraising, running a nonprofit, and communicating ideas. Founded in 1992, it is headquartered in Arlington, Virginia, with member groups located in all fifty states. Overview SPN describes itself as a "professional service organization" for a network of state-level think tanks across the United States. The president of SPN is Tracie Sharp, formerly the executive director of the Cascade Policy Institute, SPN's Oregon affiliate. She has described her organizing philosophy as "the IKEA model", because like a ready-to-assemble furniture retailer, the network offers a catalog of policy projects that state-level groups can build. History The State Policy Network was founded in 1992 by Thomas A. Roe, a South Carolin ...
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Heartland Institute
The Heartland Institute is an American conservative and libertarian public policy think tank known for its rejection of both the scientific consensus on climate change and the negative health impacts of smoking. Founded in 1984, it worked with tobacco company Philip Morris throughout the 1990s to attempt to discredit the health risks of secondhand smoke and lobby against smoking bans. Since the 2000s, the Heartland Institute has been a leading promoter of climate change denial. History The institute was founded in 1984 by Chicago investor David H. Padden, who served as the organization's chairman until 1995. Padden had been a director of the Cato Institute, a libertarian think tank headquartered in Washington, D.C., since its founding as the Charles Koch Foundation in 1974. Padden was also a former director of Citizens for a Sound Economy, the Acton Institute, the Foundation for Economic Education, and the Center for Libertarian Studies. At age 26, Joseph L. Bast became Heart ...
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