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← COMMUNITY BASED EDUCATION & DEVELOPMENT

Form 990 for tax year 2022

Filed by COMMUNITY BASED EDUCATION & DEVELOPMENT.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 7 March 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$22,023,276 changed to $24,642,376
Total expenses
$20,552,433 changed to $21,392,742
Contributions and grants received
$17,505,860 changed to $14,500,953
Grants paid
$1,167,000 changed to $1,599,422
Program service revenue
$4,509,715 changed to $7,964,221
Other revenue
$7,701 changed to $2,177,202
Total assets, end of year
$10,569,100 changed to $13,182,892
Total liabilities, end of year
$3,764,676 changed to $4,599,677
Net assets or fund balances, end of year
$6,804,424 changed to $8,583,215
Program services expenses
$11,436,921 changed to $11,134,368
Management and general expenses
$9,115,512 changed to $10,258,374
Program service expenses (Part III)
$11,436,921 changed to $11,134,368

Totals

Total revenue
$22,023,276
Total expenses
$20,552,433
Contributions and grants received
$17,505,860
Grants paid
$1,167,000
Program service revenue
$4,509,715
Investment income
$0
Other revenue
$7,701
Total assets, end of year
$10,569,100
Total liabilities, end of year
$3,764,676
Net assets or fund balances, end of year
$6,804,424
Program services expenses (Part IX)
$11,436,921
Management and general expenses
$9,115,512
Fundraising expenses
$0
Program service expenses (Part III)
$11,436,921

Program services were 55.6% 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.

  • 1e · Government grants (contributions)

    $17,505,860

  • 2a · Program service revenue: TUITION FEES

    total $4,509,715 · related or exempt $4,509,715

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,701 · related or exempt $7,701

  • 11e · Other revenue, total

    $7,701

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,167,000 · program services $1,167,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $393,765 · management and general $393,765

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $8,313,413 · program services $5,554,558 · management and general $2,758,855

  • 8 · Pension plan contributions

    total $106,990 · program services $81,312 · management and general $25,678

  • 9 · Other employee benefits

    total $353,693 · program services $205,142 · management and general $148,551

  • 10 · Payroll taxes

    total $679,604 · program services $516,499 · management and general $163,105

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $137,204 · management and general $137,204

  • 11c · Fees: accounting

    total $167,245 · management and general $167,245

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,422,877 · management and general $1,422,877

  • 12 · Advertising and promotion

    total $2,757,826 · management and general $2,757,826

  • 13 · Office expenses

    total $54,030 · management and general $54,030

  • 14 · Information technology

    total $1,150 · management and general $1,150

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,104,759 · program services $828,569 · management and general $276,190

  • 17 · Travel

    total $140,411 · management and general $140,411

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $900,000 · program services $675,000 · management and general $225,000

  • 23 · Insurance

    total $184,549 · program services $138,412 · management and general $46,137

  • 24a · Other expenses: CLINICAL AFFLIATION FEES

    total $772,596 · program services $772,596

  • 24b · Other expenses: TEXTBOOKS

    total $611,996 · program services $611,996

  • 24c · Other expenses: EDUCATIONAL SOFTWARE

    total $420,001 · program services $420,001

  • 24d · Other expenses: MEDICAL EDUCATIONAL SUPPLIES

    total $192,414 · program services $192,414

  • 24e · All other expenses

    total $670,910 · program services $273,422 · management and general $397,488

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,936,301 · end of year $4,772,582

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $3,009

  • 4 · Accounts receivable

    beginning of year $2,270,753 · end of year $2,480,873

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $20,740 · end of year $22,307

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $8,076,658

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

    $4,852,582

  • 10c · Land, buildings and equipment, net

    beginning of year $3,080,184 · end of year $3,224,076

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $66,028 · end of year $66,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $607,351 · end of year $1,108,609

  • 19 · Deferred revenue

    beginning of year $3,384,551 · end of year $2,607,434

  • 25 · Other liabilities

    beginning of year $48,523 · end of year $48,633

  • 27 · Net assets without donor restrictions

    beginning of year $5,333,581 · end of year $6,804,424

Mission and programs · 2022

Mission

TO OPERATE A SCHOOL

  • CBD College has been providing quality education and training to students for over 40 years with thousands of graduates currently working in the medical field. CBD is nationally accredited by the Accrediting Bureau of Health and Education Schools (ABHES) and a Non-Profit Healthcare Career College located in the heart of Los Angeles. We believe that our instructional methods, the pleasant learning environment, and expertise of our staff, are second-to-none in our field. We also firmly believe that every student can and will achieve. Through the understanding of today's ever changing Medical Industry and career opportunities, CBD College has continued to introduce only the most in demand and opportunistic programs leading its students to stable and successful careers. The Institutional Goals are to provide quality educational programs that can be completed in a relatively short time period and provide students the tools necessary for immediate and productive employment. CBD College was established in 1982. Since its foundation in 1982, CBD College has grown to become one of Los Angeles best Non Profit resources for Healthcare Career training and career advising for students of all nationalities, interests and means. As the College became more structured, professional staff grew, and in 1994 CBD College received Course Approval from the State of California. In 1996, the College was incorporated as a non-profit public benefit organization. In order to validate the professional competence of our program and to help assure the effectiveness of its courses, CBD College sought and received National Accreditation from the Accrediting Council for Continuing Education and Training (ACCET) in 1997. CBD College was successfully re-accredited several times, most recently in 2010. CBD College received ABHES programmatic accreditation for its Surgical Technology program in August of 2010 and was recognized by ABHES with an Outstanding Achievement Award for receiving zero standard violations during on-site accrediting visits. In December of 2012, CBD College campus moved from its 5724 W. 3rd street location to a new, modern and state of the art campus located at 3699 Wilshire Blvd in Los Angeles. Featuring new classrooms, labs, mock surgery rooms and room for growth, CBD College added Diagnostic Medical Sonography to its list of high demand programs in 2013 and most recently, Physical Therapist Assistant, Occupational Therapy Assistant, Magnetic Resonance Imaging, Online Health Information Technology and Online Bachelors of Health Science. In 2013, CBD College was recognized by the National Board of Surgical Technologists (NBST) and received a Merit Award for graduate passing rates of 90% or higher on the Certified Surgical Technologist examination. In 2015, CBD College was granted institutional accreditation by the Accrediting Bureau of Health Education Schools (ABHES). In 2019, CBD College was granted institutional continued accreditation by the Accrediting Bureau of Health Education Schools (ABHES). The institution continues to expand its scope of educational offerings, including associate and bachelors degree programs and is currently seeking approval for a masters in Occupational Therapy program.

    Expenses $11,436,921 · Grants $1,167,000 · Revenue $22,015,575

As filed on the 2022 return.

Listed in Part VII

  • ALAN HESHEL

    PRESIDENT/CEO

    Total calculated
    $381,689
    From this org
    $381,689
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,765
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $387,765

  • RANDALL SANSOM

    CTO

    Total calculated
    $352,641
    From this org
    $352,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,641
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $352,641

  • CHANEL HAYES

    DEAN OF EDUCATION

    Total calculated
    $243,496
    From this org
    $243,496
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,496
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,496

  • PATRICIA KOUROPOVA

    CH OPER OFFICER

    Total calculated
    $194,348
    From this org
    $194,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,348
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $194,348

  • DANIEL HESHEL

    DIR CLINICAL OPER

    Total calculated
    $155,195
    From this org
    $155,195
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,195
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $155,195

  • ANNA LAPINSKI

    ASST PROG DIRECTOR

    Total calculated
    $144,699
    From this org
    $144,699
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MORDY KATZ

    Treasurer

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • ALEXANDER DUSOVICH

    Director

    Total calculated
    $0
    Hours/week
    0

  • VLADIMIR FERKELMAN

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • JONATHAN P DATZ

    Director

    Total calculated
    $0
    Hours/week
    0

  • POLINA TSIKMAN

    Director

    Total calculated
    $0
    Hours/week
    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

None.

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349332551

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