Nonprofit · EIN 88-2931871
CARBON BUSINESS DEVELOPMENT COUNCIL INC
Tax-exempt · KINGSTON, NY 12401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $479,911 | $358,351 | $121,560 | $1,170,941 | $1,012,561 | $158,380 |
| December 31, 2023 | 990 | $293,956 | $359,046 | -$65,090 | $268,357 | $231,315 | $37,042 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $461,033
- Program service revenue
- $18,878
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $139,517
- Other salaries and wages
- $119,211
- Salaries, compensation and benefits (total)
- $278,645
- Professional fundraising fees
- $0
- Legal fees
- $1,050
- Accounting fees
- $8,104
- Travel
- $11,034
- Program services (functional)
- $307,147
- Management and general (functional)
- $34,879
- Fundraising (functional)
- $16,325
Balance sheet and other
- Total assets, start of year
- $268,357
- Total assets, end of year
- $1,170,941
- Total liabilities, end of year
- $1,012,561
- Net assets, end of year
- $158,380
- Net assets without donor restrictions
- $158,380
- Gross receipts
- $479,911
- Employees
- 4
- Volunteers
- 14
- Year formed
- 2022
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BEN RUBIN EXECUTIVE | DIRECTOR & BOARD CHAIR Trustee or director, Officer | 40 | $106,200 | $60,000 | $33,317 |
| MAGGIE CUTTS | BOARD MEMBER & SECRETARY Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ZANE MCDONALD | BOARD MEMBER & TREASURER Trustee or director, Officer | 10 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Ben Rubin | Ex Direct/Bd Mb Trustee or director, Officer | 40 | $106,998 | $26,000 |
| Maggie Cutts | Board Member Trustee or director, Officer | 10 | $0 | $0 |
| Zane McDonald | Board Member Trustee or director, Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 605 KIERSTED AVE, KINGSTON, NY 12401-1809
- Principal officer (990 for 2024)
- BEN RUBIN, 605 KIERSTED AVENUE, KINGSTON, NY 12401
- Signed the 990
- BEN RUBIN, EXECUTIVE DIRECTOR
- Phone
- (917) 267-9864
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE CARBON BUSINESS DEVELOPMENT COUNCIL HAS A MISSION TO REACH GIGATON SCALE CARBON REMOVAL RESPONSIBLY AND ECONOMICALLY BY EDUCATING STAKEHOLDERS AND THE GENERAL PUBLIC ABOUT THIS PILLAR OF CLIMATE ACTION.
Program accomplishments
- THE CARBON BUSINESS DEVELOPMENT COUNCIL ADVANCED THE NONPROFITS MISSION TO EDUCATE THE GENERAL PUBLIC AND STAKEHOLDERS ABOUT HOW TO RESPONSIBLY AND ECONOMICALLY SCALE CARBON REMOVAL. THIS INCLUDES CREATING AND LAUNCHING THE CARBON DIOXIDE REMOVAL RESPONSIBLE DEPLOYMENT TRAINING, AN ONLINE INTRODUCTORY TRAINING ABOUT COMMUNITY ENGAGEMENT FOR CARBON REMOVAL. IT ALSO INCLUDES ONGOING COMMUNICATIONS SUPPORT FOR TELLING THE STORY OF CARBON REMOVAL, INCLUDING OUTREACH TO MEDIA OUTLETS. CBDC HELPED LEAD AND PARTICIPATE IN SEVERAL CARBON REMOVAL EVENTS THROUGHOUT THE YEAR.Expenses $307,147 · revenue $18,878
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-2931871
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W24)
- Assets (IRS master file)
- $1,170,941
- Income (IRS master file)
- $479,911
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $479,911 | $358,351 | $1,170,941 | XML |
| 990 | December 2023 | $293,956 | $359,046 | $268,357 | XML |
| 990 | December 2022 | $145,000 | $42,868 | $104,711 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-2931871).
Questions about CARBON BUSINESS DEVELOPMENT COUNCIL INC
- What is the EIN of CARBON BUSINESS DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of CARBON BUSINESS DEVELOPMENT COUNCIL INC is 88-2931871.
- Is CARBON BUSINESS DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CARBON BUSINESS DEVELOPMENT COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARBON BUSINESS DEVELOPMENT COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARBON BUSINESS DEVELOPMENT COUNCIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARBON BUSINESS DEVELOPMENT COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARBON BUSINESS DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 names BEN RUBIN.
- Who are the officers and directors of CARBON BUSINESS DEVELOPMENT COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $106,200 (BEN RUBIN EXECUTIVE, DIRECTOR & BOARD CHAIR).
- How much revenue does CARBON BUSINESS DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $479,911, expenses of $358,351 and total assets of $1,170,941 at year end.
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