Civic Intelligence

Cbit Education Inc.

990EZ • Fiscal year 2022 • EIN 80-0574679

May 01, 2021 to Apr 30, 2022 • Filed on Feb 05, 2023

Organization ProfileWWW.CBIT-USA.ORG
1225 Franklin Ave Room 500Garden City, NY 11530

(732) 264-5773

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

5th percentile

-283%

Higher net margin than 5% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

12th percentile

-36%

Faster asset growth than 12% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

78%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$8,787

Down $4,860 (-36%) from 2021

Net Assets

Down

$8,787

Down $4,860 (-36%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin5th percentile

Revenue

Up

$1,715

Up $750 (+78%) from 2021

Expenses

Up

$6,575

Up $3,683 (+127%) from 2021

Net Income

Down

-$4,860

Down $2,933 (-152%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2022

Assets$8,787
Liabilities-
Net Assets$8,787
Open 2022 Filing

Operations Trend

Revenue Growth71st 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

2022

Revenue$1,715
Expenses$6,575
Net Income-$4,860
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Feb 5, 2023
Return Version
2021v4.0
Gross Receipts
$1,715
Mission and Program Overview

Mission

The tax education of its members

Program Services

DescriptionGrantsExpenses
51ST ANNUAL CBIT FALL TAX DAY- PRESENTATION OF VARIOUS TAX, LEGAL AND JUDICIAL UPDATES. APPROX 35 ATENDEES.-$3,689
35TH ANNUAL SPRING TAX DAY - PRESENTATION OF VARIOUS TAX, LEGAL AND JUDICIAL UPDATES. APPROX 45 ATENDEES.-$2,826
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK TACCETTAChairmanPT$0--
JOHN LEBRONVice-Pres/SePT$0--
ALAN J GABELTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Cbit Education Inc
EIN
80-0574679
Phone
7322645773
Address
1225 FRANKLIN AVE ROOM 500, GARDEN CITY, NY 11530

Signing Officer

Name
Alan J Gabel
Title
Treasurer
Phone
7322645773
Signed
2023-02-05

Preparer

Firm
Alan J Gabel CPA
Address
6 BRISCOE TER, HAZLET, NJ 07730-1128
Preparer
Alan J Gabel
Phone
7322645773
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office 60 conferences/meetings 6,515 total 6,575”

Form 990-ez, Part V

“The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit policy. The organization did not, during the year, pay any funds, directly, or indirectly, on a personal benefit policy,”

Raw XML Appendix132 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ALAN J GABEL
IRS990EZ/BooksInCareOfDetail/PhoneNum07322645773
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06 BRISCOE TERRACE
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt06 BRISCOE TERRACE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HAZLET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007730
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013647
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08787
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4860
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt013647
IRS990EZ/Form990TotalAssetsGrp/EOYAmt08787
IRS990EZ/GrossReceiptsAmt01715
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013647
IRS990EZ/NetAssetsOrFundBalancesEOYAmt08787
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013647
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt08787
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARK TACCETTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JOHN LEBRON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALAN J GABEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRES/SE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06575
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE TAX EDUCATION OF ITS MEMBERS
IRS990EZ/ProgramServiceRevenueAmt01715
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt035TH ANNUAL SPRING TAX DAY - PRESENTATION OF VARIOUS TAX, LEGAL AND JUDICIAL UPDATES. APPROX 45 ATENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt151ST ANNUAL CBIT FALL TAX DAY- PRESENTATION OF VARIOUS TAX, LEGAL AND JUDICIAL UPDATES. APPROX 35 ATENDEES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02826
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt13689
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt06575
IRS990EZ/TotalProgramServiceExpensesAmt06515
IRS990EZ/TotalRevenueAmt01715
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CBIT-USA.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0965
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt035965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01715
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt039085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt044566
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt037249
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0122615
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0158580
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01715
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt054085
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt059566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt042249
IRS990ScheduleA/Total509Grp/TotalAmt0158580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt054085
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt059566
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt042249
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0158580
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 60 CONFERENCES/MEETINGS 6,515 TOTAL 6,575
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT POLICY. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY FUNDS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT POLICY,
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART V
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN J GABEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07322645773
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CBIT EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CBIT
ReturnHeader/Filer/EIN0800574679
ReturnHeader/Filer/PhoneNum07322645773
ReturnHeader/Filer/USAddress/AddressLine1Txt01225 FRANKLIN AVE ROOM 500
ReturnHeader/Filer/USAddress/CityNm0GARDEN CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011530
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222944716
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALAN J GABEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 BRISCOE TER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAZLET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0077301128
ReturnHeader/PreparerPersonGrp/PhoneNum07322645773
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN J GABEL
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-02-05T22:56:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GABEL
ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02022-04-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,787
Liabilities
-
Net assets
$8,787
Revenue
$1,715
Expenses
$6,575
Net income
-$4,860
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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