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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Lebron Chairman | 2 | $0 | |
Michael Macero Vice-Chair/s | 2 | $0 | |
Alan J Gabel Treasurer | 2 | $0 |
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 |