Committee Of Banking Institutions On Taxation
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 09/1944
- Data as of
- 04/2024
- EIN
- 13-6162067
Organization Overview
Committee Of Banking Institutions On Taxation is located in Garden City, NY. The organization was established in 1944. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Committee Of Banking Institutions On Taxation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2024, Committee Of Banking Institutions On Taxation generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $4.5k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (26.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE OVERRIDING GOAL IS THE TAX EDUCATION OF ITS MEMBERS, WHICH IS MET THROUGH THE FOLLOWING OBJECTIVES: TO COOPERATE IN ASSISTING IN THE ADMINISTRATION OF TAX LAWS, TO DISSEMINATE AMONG ITS MEMBERS INFORMATION PERTAINING THERETO.
Describe the Organization's Program Activity:
Part 3
ANNUAL FALL MEETING/PRESENTATION OF VARIOUS TAX UPDATESBRANCHBURG, NEW JERSEYDUE TO COVID 19, THIS ANNUAL EVENT WAS CANCELLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lebron Chairman | 2 | $0 | |
Michael Macero Vice-Chair/s | 2 | $0 | |
Alan J Gabel Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,567 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,571 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,471 |
| Total expenses | $4,471 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,041 |
| Other assets | $0 |
| Total assets | $83,041 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,041 |