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← CENTER FOR AUTOMOTIVE EDUCATION AND TRAINING INC

Form 990 for tax year 2024

Filed by CENTER FOR AUTOMOTIVE EDUCATION AND TRAINING INC.

Totals

Total revenue
$2,709,976
Total expenses
$2,082,417
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,456,759
Investment income
$154,937
Other revenue
$98,280
Total assets, end of year
$5,276,185
Total liabilities, end of year
$161,209
Net assets or fund balances, end of year
$5,114,976
Program services expenses (Part IX)
$1,970,163
Management and general expenses
$0
Fundraising expenses
$112,254
Program service expenses (Part III)
$1,970,163

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $2,456,759 · related or exempt $2,456,759

  • 3 · Investment income

    total $154,937 · excluded $154,937

  • 8a · Fundraising events: gross income

    $541,750

  • 8b · Fundraising events: direct expenses

    $443,470

  • 8c · Net income from fundraising events

    total $98,280 · excluded $98,280

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $456,075 · program services $456,075

  • 8 · Pension plan contributions

    total $14,800 · program services $14,800

  • 9 · Other employee benefits

    total $20,105 · program services $20,105

  • 10 · Payroll taxes

    total $40,474 · program services $40,474

  • 11b · Fees: legal

    total $2,834 · program services $2,834

  • 11c · Fees: accounting

    total $17,875 · program services $17,875

  • 12 · Advertising and promotion

    total $3,076 · program services $3,076

  • 13 · Office expenses

    total $7,529 · program services $7,529

  • 14 · Information technology

    total $7,786 · program services $7,786

  • 16 · Occupancy

    total $1,307,777 · program services $1,307,777

  • 17 · Travel

    total $11,605 · program services $11,037 · fundraising $568

  • 22 · Depreciation, depletion and amortization

    total $21,054 · program services $21,054

  • 23 · Insurance

    total $27,046 · program services $27,046

  • 24a · Other expenses: CATERING

    total $111,686 · fundraising $111,686

  • 24b · Other expenses: TELEPHONE

    total $14,379 · program services $14,379

  • 24c · Other expenses: SUPPLIES

    total $7,110 · program services $7,110

  • 24d · Other expenses: MISCELLANEOUS

    total $4,971 · program services $4,971

  • 24e · All other expenses

    total $6,235 · program services $6,235

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,105 · end of year $1,605

  • 2 · Savings and temporary cash investments

    beginning of year $4,032,765 · end of year $4,102,416

  • 4 · Accounts receivable

    beginning of year $105,187 · end of year $100,614

  • 9 · Prepaid expenses and deferred charges

    beginning of year $378,568 · end of year $508,884

  • 10a · Land, buildings and equipment: cost or other basis

    $599,425

  • 10b · Land, buildings and equipment: accumulated depreciation

    $430,032

  • 10c · Land, buildings and equipment, net

    beginning of year $142,297 · end of year $169,393

  • 15 · Other assets

    beginning of year $347,312 · end of year $393,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $443,223 · end of year $95,970

  • 19 · Deferred revenue

    beginning of year $35,051 · end of year $35,239

  • 25 · Other liabilities

    beginning of year $42,543 · end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,535,215 · end of year $4,064,494

  • 28 · Net assets with donor restrictions

    beginning of year $952,202 · end of year $1,050,482

Mission and programs · 2024

Mission

THE CAET WAS ESTABLISHED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE TO SUPPORT THE ACTIVITIES OF THE GREATER NEW YORK AUTOMOBILE DEALERS ASSN. THE CAET OPERATES AN EDUCATION FACILITY, WHOSE MISSION IS TO PROMOTE EXCELLENCE AND ETHICAL STANDARDS IN ALL PHASES OF THE AUTOMOBILE RETAIL INDUSTRY, INCLUDING MANAGEMENT, SALES, SERVICE AND TRAFFIC SAFETY.

  • EDUCATIONAL PROGRAMS - SEMINARS AND CLASSES ARE HELD TO EDUCATE THE PUBLIC WITH REGARD TO THE AUTO INDUSTRY AND TO ENHANCE THE SKILLS OF PERSONS INVOLVED IN THE INDUSTRY. ALSO, THE CAET PROVIDES TRAINING AND EMPLOYMENT OPPORTUNITIES TO STUDENTS NOT CURRENTLY IN THE INDUSTRY.

    Expenses $1,970,163

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Schienberg

    PRESIDENT/CE

    Total calculated
    $1,285,187
    From this org
    $0
    From related orgs
    $1,255,959
    Other
    $29,228
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    not reported + $855,959 related
    Bonus
    not reported + $400,000 related
    Other
    not reported
    Deferred
    not reported + $29,228 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $1,285,187 related

  • Gary Schimmerling

    DIRECTOR

    Total calculated
    $0

  • Marcie Jacob

    DIRECTOR

    Total calculated
    $0

  • John Lasorsa

    TREASURER

    Total calculated
    $0

  • Marina Letsios

    SECRETARY

    Total calculated
    $0

  • Lou Giordano

    VICE CHAIRMA

    Total calculated
    $0

  • Mark Lacher

    DIRECTOR

    Total calculated
    $0

  • Oliver Brodlieb

    DIRECTOR

    Total calculated
    $0

  • Jack Weidinger

    CHAIRMAN

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GNYADA HEALTH AND WELFARE INS TRUST

    TRUST · H&W TRUST · NY

  • GREATER NY AUTOMOBILE SERVICES

    C CORP · DMV SVCS · NY · share of income $603,141 · share of assets $5,060,657

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202533169349306643

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