Nonprofit · EIN 80-0574679
CBIT EDUCATION INC
Tax-exempt · GARDEN CITY, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990-EZ | $31,691 | $32,022 | -$331 | $6,706 | – | $6,706 |
| April 30, 2024 | 990-EZ | – | – | – | $7,037 | – | $7,037 |
| April 30, 2023 | 990-EZ | – | $1,750 | – | $7,037 | – | $7,037 |
Financial details: 990-EZ for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $24,000
- Program service revenue
- $7,691
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $32,022
- Program services (functional)
- $31,782
Balance sheet and other
- Total assets, start of year
- $7,037
- Total assets, end of year
- $6,706
- Total liabilities, end of year
- –
- Net assets, end of year
- $6,706
- Cash, savings and investments
- $6,706
- Gross receipts
- $31,691
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK TACCETTA | CHAIRMAN | 2 | $0 |
| MICHAEL MACERO | VICE-PRES/SE | 2 | $0 |
| ALAN J GABEL | TREASURER | 2 | $0 |
990-EZ for the year ended April 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HANLON | CHAIRMAN | 2 | $0 |
| MICHAEL MACERO | VICE-PRES/SE | 2 | $0 |
| ALAN J GABEL | TREASURER | 2 | $0 |
990-EZ for the year ended April 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MACERO | CHAIRMAN | 2 | $0 |
| JOHN LEBRON | VICE-PRES/SE | 2 | $0 |
| ALAN J GABEL | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1225 FRANKLIN AVE STE 500, GARDEN CITY, NY 11530-1650
- In care of
- % PEAPACK GLADSTONE BANK
- Signed the 990-EZ
- ALAN J GABEL, TREASURER
- Phone
- (732) 264-5773
- Website
- WWW.CBIT-USA.ORG
Mission
TAX EDUCATION OF ITS MEMBERS
Program accomplishments
- CO-PRESENTATION WITH COMMTTEE OF BANKING INSTITUTIONS ON TAXATION IN VARIOUS TAX, LEGAL AND JUDICIAL UPDATES AT MONTHLY VIRTUAL MEETINGS.
- CO-PRESENTATION WITH COMMTTEE OF BANKING INSTITUTIONS ON TAXATION IN VARIOUS TAX, LEGAL AND JUDICIAL UPDATES AT: SPRING TAX DAY (MAY 16, 2024)HOSTED IN NEW YORK CITY.Expenses $15,329
- CO-PRESENTATION WITH COMMTTEE OF BANKING INSTITUTIONS ON TAXATION IN VARIOUS TAX, LEGAL AND JUDICIAL UPDATES AT: FALL TAX DAY (NOVEMBER 22, 2024)HOSTED IN NEW YORK CITY.Expenses $16,453
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-EZ on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-EZ on file |
IRS record
- EIN
- 80-0574679
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2010
- Accounting year ends
- April
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B116)
- Assets (IRS master file)
- $6,706
- Income (IRS master file)
- $31,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | April 2025 | $31,691 | $32,022 | $6,706 | XML |
| 990-EZ | April 2024 | $0 | $0 | $7,037 | XML |
| 990-EZ | April 2023 | $0 | $1,750 | $7,037 | XML |
| 990-EZ | April 2022 | – | – | – | IRS |
| 990-EZ | April 2021 | – | – | – | IRS |
| 990-EZ | April 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0574679).
Questions about CBIT EDUCATION INC
- What is the EIN of CBIT EDUCATION INC?
- The employer identification number (EIN) of CBIT EDUCATION INC is 80-0574679.
- Is CBIT EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to CBIT EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CBIT EDUCATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CBIT EDUCATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CBIT EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended April 2025.
- Who are the officers and directors of CBIT EDUCATION INC?
- The 990-EZ for the year ended April 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CBIT EDUCATION INC have?
- On its 990-EZ for the year ended April 30, 2025 it reported revenue of $31,691, expenses of $32,022 and total assets of $6,706 at year end.
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