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 04/2022, Committee Of Banking Institutions On Taxation generated $9.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $1.5k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 7 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
2022
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 |
---|---|---|---|
Shawn P Hanlon Chairman | 5 | $0 | |
Alan J Gabel Treasurer | 5 | $0 | |
John Lebron Vice-Chair/s | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $9,693 |
Investment income | $15 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $9,708 |
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 | $1,488 |
Total expenses | $1,488 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $78,935 |
Other assets | $0 |
Total assets | $78,935 |
Total liabilities | $0 |
Net assets or fund balances | $78,935 |
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