Cbit Education Inc in Bedminster, New Jersey (NJ)
Table of contents:
| Cbit Education Inc | |
| Employer Identification Number (EIN) | 800574679 |
| Name of Organization | Cbit Education Inc |
| In Care of Name | Pgb Tr & Invest |
| Address | PO BOX 7073, Bedminster, NJ 07921-7073 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 04/2014 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $6,128 |
| Amount of Income | $41,550 |
| Form 990 Revenue Amount | $41,550 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $41,550 (it was $61,208 in 2013)
| This organization: | $41,550 |
| Other organizations performing similar types of work: | $150,360 |
Assets in 2014: $6,128 (it was $5,908 in 2013)
| This organization: | $6,128 |
| Other organizations performing similar types of work: | $97,637 |
Expenses in 2013: $55,350
| Cbit Education Inc: | $55,350 |
| Other organizations performing similar types of work: | $75,424 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2013: 0.0%
| Cbit Education Inc: | 0.0% |
| Other organizations performing similar types of work: | 66.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $40,058 | $61,208 |
| Contributions, gifts, grants, and similar amounts received | $11,583 | $0 |
| Program service revenue including government fees and contracts | $28,475 | $49,875 |
| Membership dues and assessments | $0 | $11,333 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $40,008 | $55,350 |
| Total net assets | $50 | $5,908 |
| Excess/Deficit for the year | $50 | $5,858 |
| Net assets or fund balances at beginning of year | $0 | $50 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $50 | $5,908 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $50 | $5,908 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $50 | $5,908 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $101,266 |
| Subtotal | $101,266 |
| Gifts, grants, contributions, and membership fees received | $22,916 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $78,350 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $101,266 |
| Public support | $101,266 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Seattle Public Library Foundation | 1000 4th Ave, Seattle, WA 98104-1109 | WA | 1981-06 | $19,064,436 |
| 2 | People Serving People Inc Charities | 614 S 3rd St, Minneapolis, MN 55415-1104 | MN | 2000-11 | $3,413,183 |
| 3 | Palmetto Ridge Highschool Band Boosters Inc | 1655 Victory Ln, Naples, FL 34120-7554 | FL | 2006-08 | $150,360 |
| 4 | Banff Centre Foundation | Banff Ab T1l 1h5, Canada | international | 2011-02 | $5,857,564 |
| 5 | Governors Educational Programs Inc | PO BOX 2107, Charleston, WV 25328-2107 | WV | 2004-09 | $590,520 |
| 6 | Friends Of The Wolfeboro Community Bandstand Inc | 40 Varney Rd, Wolfeboro, NH 03894-4338 | NH | 1995-05 | $211,927 |
| 7 | Literacy Trust Inc | 3324 W University Ave Ste 116, Gainesville, FL 32607-2540 | FL | 1999-07 | $159,837 |
| 8 | Lassiter Lacrosse Booster Club Inc | 2601 Shallowford Rd, Marietta, GA 30066-3038 | GA | 2004-03 | $138,474 |
| 9 | Iianc Education Foundation Inc | PO BOX 1165, Cary, NC 27512-1165 | NC | 1979-02 | $61,126 |
| 10 | Cbit Education Inc | PO BOX 7073, Bedminster, NJ 07921-7073 | NJ | 2010-08 | $41,550 |
| 11 | Sumter County Literacy Council | 905 N Main St, Sumter, SC 29150-2817 | SC | 1999-08 | $14,131 |
| 12 | University Physicians Foundation For Continuing Medical Education | 11001 Cedar Avenue, Cleveland, OH 44106-3043 | OH | 2000-08 | $4,345 |
| 13 | 11th Avenue Ballet School Foundation, Art In Motion | 1014 S 11th Ave, Yakima, WA 98902 | WA | 2007-02 | $0 |
| 14 | Fmhs Swim & Dive Booster Club | Po Box 270166, Flower Mound, TX 75028 | TX | 2011-03 | $0 |
| 15 | Hartford High School Athletic Booster Club | Po Box 4511, White River Junction, VT 05001 | VT | 2003-08 | $0 |
| 16 | Horace Mann Parent Teacher Organization | 521 North Dodge Street, Iowa City, IA 52245 | IA | 2011-06 | $0 |
| 17 | Literacy Council | 510 S Jackson St, Tullahoma, TN 37388 | TN | 2002-04 | $0 |
| 18 | Literacy Now Inc | 203 Laurel Rd, Voorhees, NJ 08043 | NJ | 1999-03 | $0 |
| 19 | Port Jefferson Soccer Booster Club | 310 Oakwood Road, Port Jefferson, NY 11777 | NY | 2005-11 | $0 |
| 20 | Scotland County Education Foundation | Po Box 725, Laurinburg, NC 28352 | NC | 2004-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||
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| Total | 23 | ||||||||||||||||||||||||||||||||||
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