Civic Intelligence

Cbit Education Inc.

990EZ • Fiscal year 2020 • EIN 80-0574679

May 01, 2019 to Apr 30, 2020 • Filed on Sep 08, 2020

Organization ProfileWWW.CBIT-USA.ORG
CO 9 Llanfair LaneEwing, NJ 08618

(212) 493-7248

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

20%

Higher net margin than 66% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

95th percentile

220%

Faster asset growth than 95% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

-9.2%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$15,574

Up $10,708 (+220%) from 2019

Net Assets

$15,574

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin66th percentile

Revenue

Down

$54,085

Down $5,481 (-9.2%) from 2019

Expenses

Down

$43,377

Down $25,746 (-37%) from 2019

Net Income

Up

$10,708

Up $20,265 (+212%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20K$15K$10K$5.0K$0Assets 2012: $50Liabilities 2012: $02012Assets 2013: $5,908Liabilities 2013: $02013Assets 2014: $6,128Liabilities 2014: $02014Assets 2015: $4,829Liabilities 2015: $02015Assets 2016: $7,598Liabilities 2016: $02016Assets 2017: $17,985Liabilities 2017: $02017Assets 2018: $14,423Liabilities 2018: $02018Assets 2019: $4,866Liabilities 2019: $02019Assets 2020: $15,574Liabilities 2020: $0Net Assets 2020: $15,5742020Assets 2021: $13,647Liabilities 2021: $0Net Assets 2021: $13,6472021Assets 2022: $8,787Net Assets 2022: $8,7872022Assets 2023: $7,037Liabilities 2023: $02023Assets 2024: $7,037Liabilities 2024: $02024Assets 2025: $6,706Net Assets 2025: $6,7062025

Highlighted filing

2020

Assets$15,574
Liabilities$0
Net Assets$15,574
Open 2020 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2012: $40,058Expenses 2012: $40,008Net Income 2012: $502012Revenue 2013: $61,208Expenses 2013: $55,350Net Income 2013: $5,8582013Revenue 2014: $41,550Expenses 2014: $51,857Net Income 2014: -$10,3072014Revenue 2015: $38,675Expenses 2015: $43,765Net Income 2015: -$5,0902015Revenue 2016: $61,375Expenses 2016: $58,606Net Income 2016: $2,7692016Revenue 2017: $53,375Expenses 2017: $42,488Net Income 2017: $10,8872017Revenue 2018: $42,249Expenses 2018: $45,886Net Income 2018: -$3,6372018Revenue 2019: $59,566Expenses 2019: $69,123Net Income 2019: -$9,5572019Revenue 2020: $54,085Expenses 2020: $43,377Net Income 2020: $10,7082020Revenue 2021: $965Expenses 2021: $2,892Net Income 2021: -$1,9272021Revenue 2022: $1,715Expenses 2022: $6,575Net Income 2022: -$4,8602022Revenue 2023: $0Expenses 2023: $1,750Net Income 2023: -$1,7502023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024Revenue 2025: $31,691Expenses 2025: $32,022Net Income 2025: -$3312025

Highlighted filing

2020

Revenue$54,085
Expenses$43,377
Net Income$10,708
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Sep 8, 2020
Return Version
2019v5.2
Gross Receipts
$54,085
Mission and Program Overview

Mission

The tax education of its members

Program Services

DescriptionGrantsExpenses
50th ANNUAL CBIT FALL TAX DAYVARIOUS PRESENTATIONS INCLUDING LEGAL AND JUDICIAL UPDATES (APPROX 100 ATTENDEEDS)$0$29,959
34TH ANNUAL SPRING TAX DAYVARIOUS PRESENTATIONS INCLUDING LEGAL AND JUDICIAL UPDATES (APPROX 75 ATTENDEES)$0$11,087
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES HOUSMANChairmanPT$0--
ARIEL ASSAVice-ChairmanPT$0--
MERILEEN LETZTERSecretaryPT$0--
MARK TACCETTAInterim TreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Cbit Education Inc
EIN
80-0574679
Phone
2124937248
Address
CO 9 LLANFAIR LANE, EWING, NJ 08618

Signing Officer

Name
Merileen Letzter
Title
Chairman
Phone
2124937248
Signed
2020-09-08
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: 34TH ANNUAL SPRING TAX DAY. Amount: 11,087. Description: 50TH ANNUAL FALL TAX DAY. Amount: 29,959. Description: CE CPE PROVIDER FEES and IRS RENEWAL FEE. Amount: 2,331. Total to Form 990-EZ, line 16: 43,377.”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/AddressChangeInd0X
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IRS990EZ/BooksInCareOfDetail/PhoneNum02124937248
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0140 BROADWAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0100051101
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04866
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IRS990EZ/GrossReceiptsAmt054085
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt04866
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015574
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt04866
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt015574
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES HOUSMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ARIEL ASSA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MERILEEN LETZTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARK TACCETTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3INTERIM TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt043377
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE TAX EDUCATION OF ITS MEMBERS
IRS990EZ/ProgramServiceRevenueAmt039085
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt034TH ANNUAL SPRING TAX DAYVARIOUS PRESENTATIONS INCLUDING LEGAL AND JUDICIAL UPDATES (APPROX 75 ATTENDEES)
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt150th ANNUAL CBIT FALL TAX DAYVARIOUS PRESENTATIONS INCLUDING LEGAL AND JUDICIAL UPDATES (APPROX 100 ATTENDEEDS)
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011087
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt129959
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt043377
IRS990EZ/TotalProgramServiceExpensesAmt041046
IRS990EZ/TotalRevenueAmt054085
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CBIT-USA.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt023300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt058300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt039085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt044566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt037249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt053375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt061375
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0235650
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0293950
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt054085
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt059566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt042249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt053375
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt084675
IRS990ScheduleA/Total509Grp/TotalAmt0293950
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt054085
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt059566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt042249
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt053375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt084675
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0293950
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: 34TH ANNUAL SPRING TAX DAY. Amount: 11,087. Description: 50TH ANNUAL FALL TAX DAY. Amount: 29,959. Description: CE CPE PROVIDER FEES and IRS RENEWAL FEE. Amount: 2,331. Total to Form 990-EZ, line 16: 43,377.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MERILEEN LETZTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02124937248
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CBIT EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CBIT
ReturnHeader/Filer/EIN0800574679
ReturnHeader/Filer/PhoneNum02124937248
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO 9 LLANFAIR LANE
ReturnHeader/Filer/USAddress/CityNm0EWING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008618
ReturnHeader/ReturnTs02021-03-11T16:53:19-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,574
Liabilities
$0
Net assets
$15,574
Revenue
$54,085
Expenses
$43,377
Net income
$10,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.71$6.71$31.7$32.0$0.33
2024Summary only. Only limited summary data is available for this year.$7.04$0.00$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$7.04$0.00$0.00$1.75$1.75
2022Detailed filing. Detailed filing data is available for this year.$8.79$8.79$1.72$6.58$4.86
2021Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$0.97$2.89$1.93
2020Detailed filing. Detailed filing data is available for this year.$15.6$0.00$15.6$54.1$43.4$10.7
2019Summary only. Only limited summary data is available for this year.$4.87$0.00$59.6$69.1$9.56
2018Summary only. Only limited summary data is available for this year.$14.4$0.00$42.2$45.9$3.64
2017Summary only. Only limited summary data is available for this year.$18.0$0.00$53.4$42.5$10.9
2016Summary only. Only limited summary data is available for this year.$7.60$0.00$61.4$58.6$2.77
2015Summary only. Only limited summary data is available for this year.$4.83$0.00$38.7$43.8$5.09
2014Summary only. Only limited summary data is available for this year.$6.13$0.00$41.6$51.9$10.3
2013Summary only. Only limited summary data is available for this year.$5.91$0.00$61.2$55.4$5.86
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$40.1$40.0$0.05