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Nonprofiteer
← CITIZENS BUDGET COMMISSION INC

Form 990 for tax year 2022

Filed by CITIZENS BUDGET COMMISSION INC.

Totals

Total revenue
$3,396,278
Total expenses
$2,509,631
Contributions and grants received
$3,139,727
Grants paid
$0
Program service revenue
$0
Investment income
$256,551
Other revenue
$0
Total assets, end of year
$12,953,903
Total liabilities, end of year
$2,068,514
Net assets or fund balances, end of year
$10,885,389
Program services expenses (Part IX)
$1,861,938
Management and general expenses
$347,173
Fundraising expenses
$300,520
Program service expenses (Part III)
$1,861,938

Program services were 74.2% 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.

  • 1c · Fundraising events

    $1,693,547

  • 1f · All other contributions, gifts and grants

    $1,446,180

  • 3 · Investment income

    total $256,551 · excluded $256,551

  • 7a · Gross sales of assets other than inventory

    securities $211,539

  • 7b · Less cost or other basis and sales expenses

    securities $211,539

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $229,157

  • 8a · Fundraising events: contributions included on line 1c

    $1,693,547

  • 8b · Fundraising events: direct expenses

    $229,157

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $318,502 · program services $258,914 · management and general $35,870 · fundraising $23,718

  • 7 · Other salaries and wages

    total $950,789 · program services $772,908 · management and general $107,078 · fundraising $70,803

  • 8 · Pension plan contributions

    total $34,512 · program services $28,055 · management and general $3,887 · fundraising $2,570

  • 9 · Other employee benefits

    total $80,827 · program services $65,706 · management and general $9,102 · fundraising $6,019

  • 10 · Payroll taxes

    total $92,596 · program services $75,273 · management and general $10,428 · fundraising $6,895

  • 11c · Fees: accounting

    total $71,197 · management and general $71,197

  • 11e · Fees: professional fundraising services

    total $58,000 · fundraising $58,000

  • 11g · Fees: other

    total $273,278 · program services $132,974 · management and general $53,963 · fundraising $86,341

  • 12 · Advertising and promotion

    total $98,214 · program services $97,257 · management and general $957

  • 13 · Office expenses

    total $3,058 · program services $2,508 · management and general $321 · fundraising $229

  • 14 · Information technology

    total $74,402 · program services $61,009 · management and general $7,813 · fundraising $5,580

  • 16 · Occupancy

    total $307,287 · program services $252,662 · management and general $31,922 · fundraising $22,703

  • 17 · Travel

    total $9,444 · program services $8,476 · management and general $626 · fundraising $342

  • 22 · Depreciation, depletion and amortization

    total $11,775 · program services $9,656 · management and general $1,236 · fundraising $883

  • 24a · Other expenses: RECRUITMENT

    total $69,234 · program services $51,926 · management and general $6,923 · fundraising $10,385

  • 24b · Other expenses: MISCELLANEOUS

    total $40,678 · program services $33,219 · management and general $4,254 · fundraising $3,205

  • 24c · Other expenses: PRINTING/REPRODUCTION

    total $11,003 · program services $7,702 · management and general $1,100 · fundraising $2,201

  • 24d · Other expenses: MAINTENANCE CONTRACTS

    total $2,564 · program services $2,103 · management and general $269 · fundraising $192

  • 24e · All other expenses

    total $2,271 · program services $1,590 · management and general $227 · fundraising $454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,132 · end of year $466,455

  • 2 · Savings and temporary cash investments

    beginning of year $517,291 · end of year $100,707

  • 3 · Pledges and grants receivable

    beginning of year $141,000 · end of year $34,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $191,763 · end of year $213,430

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

    $264,548

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

    $184,920

  • 10c · Land, buildings and equipment, net

    beginning of year $91,015 · end of year $79,628

  • 11 · Investments: publicly traded securities

    beginning of year $10,482,795 · end of year $10,199,974

  • 15 · Other assets

    beginning of year $388 · end of year $1,859,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,706 · end of year $46,635

  • 25 · Other liabilities

    beginning of year $141,662 · end of year $2,021,879

  • 27 · Net assets without donor restrictions

    beginning of year $11,168,571 · end of year $10,120,235

  • 28 · Net assets with donor restrictions

    beginning of year $319,445 · end of year $765,154

Mission and programs · 2022

Mission

THE CITIZEN BUDGET COMMISSION, INC. ("CBC") IS A NONPARTISAN, NOT-FOR-PROFIT CIVIC ORGANIZATION DEVOTED TO INFLUENCING CONSTRUCTIVE CHANGE IN THE FINANCES AND SERVICES OF NEW YORK CITY (THE "CITY") AND NEW YORK STATE (THE "STATE") GOVERNMENTS. (CONTINUED SCHEDULE O)(CONTINUED FROM PAGE 2, PART III, LINE 1) CBC WAS FOUNDED IN 1932, A TIME OF GREAT FISCAL CRISIS, WHEN A GROUP OF CIVIC LEADERS FORMED A RESEARCH ORGANIZATION THAT WOULD ANALYZE THE CITY'S FINANCES, EVALUATE THE MANAGEMENT OF CITY GOVERNMENT, REPORT ON THESE MATTERSTO ITS MEMBERS, AND RECOMMEND IMPROVEMENTS TO MUNICIPAL OFFICIALS. IN 1985, CBC EXPANDED THIS ANALYSIS TO INCLUDE THE FISCAL AFFAIRS OF STATE GOVERNMENT. CBC'S PURSUIT OF ITS MISSION IS EMBODIED IN FOUR INTERRELATED ROLES: WATCHDOG, RESEARCH ORGANIZATION, MONITOR OF IMPLEMENTATION AND DISSEMINATOR OF INFORMATION. CBC IS FUNDED PRIMARILY BY CONTRIBUTIONS, SPECIAL EVENTS AND INVESTMENT INCOME.

Activities or mission (Part I)

TO INFLUENCE CONSTRUCTIVE CHANGE IN THE FINANCES AND SERVICES OF NEW YORK CITY AND STATE GOVERNMENTS.

  • NONPARTISAN RESEARCH ON THE FINANCES AND OPERATIONS OF NEW YORK CITY AND NEW YORK STATE GOVERNMENTS, WITH THE GOAL OF PROMOTING SOUND FISCAL AND MANAGEMENT PRACTICES. CBC CONDUCTS RESEARCH ON A NUMBER OF TOPICS, INCLUDING PUBLIC SERVICE EFFICIENCY AND EMPLOYEE COMPENSATION AND HEALTH CARE BENEFITS, MTA CAPITAL PLANNING AND OPERATING EFFICIENCY, HOUSING PRODUCTION AND LAND USE DECISIONS, ECONOMIC DEVELOPMENT AND ENERGY POLICIES, HEALTH SPENDING, AS WELL AS ONGOING MONITORING OF THE CITY AND STATE BUDGETS.

    Expenses $1,291,292

  • DISSEMINATION OF INFORMATION TO THE PUBLIC THROUGH THE PUBLICATION AND DISTRIBUTION OF REPORTS RESULTING FROM CBC'S RESEARCH, THE HOSTING OF PUBLIC FORUMS TO PROMOTE DISCUSSION AND EDUCATE NEW YORKERS ON PUBLIC POLICY ISSUES, AND ANALYSIS AND COMMENTARY IN PROMINENT MEDIA OUTLETS. TOPICS INCLUDED: HOW TO STABILIZE THE NEW YORK CITY AND NEW YORK STATE BUDGETS; TRANSPORTATION EMISSIONS; BUILDING EMISSIONS; OPERATIONS REFORM AT THE METROPOLITAN TRANSPORTATION AUTHORITY AND THE NEW YORK CITY HOUSING AUTHORITY; THE BUDGET OF THE NEW YORK CITY POLICE DEPARTMENT; THE NEW YORK CITY HIRING AND ATTRITION MANAGEMENT PLAN; EARLY RETIREMENT INCENTIVES FOR THE PUBLIC WORKFORCE; AND MANAGEMENT OF FEDERAL AID FOR PANDEMIC RELIEF. (CONTINUED SCHEDULE O)(CONTINUED FROM PAGE 2, PART III, LINE 4B) CBC HELD 11 EVENTS IN 2022 WITH SPEAKERS INCLUDING: THE NEW YORK CITY AND NEW YORK STATE BUDGET DIRECTORS; THE METROPOLITAN TRANSPORTATION AUTHORITY CEO; THE GOVERNOR; THE MAYOR; TWO DEPUTY MAYORS; THE CITY'S CHIEF HOUSING OFFICER, CHIEF CLIMATE OFFICER, AND CHIEF EFFICIENCY OFFICER; AND NYS FINANCIAL SERVICES SUPERINTENDENT.

    Expenses $570,646

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Walter L Harris

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William Floyd

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marissa Shorenstein

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jake Elghanayan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David A Javdan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Burch Thru 42022

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kent Hiteshew

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Edward Wallace

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Paula Dagen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Hoglund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Caswell Holloway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Mannarino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Roberts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol E Rosentahl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jamie Rubin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Merryl H Tisch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alair A Towsend

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew S Rein

    PRESIDENT

    Total calculated
    $318,501
    From this org
    $299,310
    From related orgs
    $0
    Other
    $19,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,310
    Bonus
    $0
    Other
    $0
    Deferred
    $19,191
    Nontaxable benefits
    $0
    Filer's total
    $318,501

  • Ana Champeny

    DIRECTOR OF CITY STUDIES

    Total calculated
    $210,440
    From this org
    $168,989
    From related orgs
    $0
    Other
    $41,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,989
    Bonus
    $0
    Other
    $0
    Deferred
    $12,910
    Nontaxable benefits
    $28,541
    Filer's total
    $210,440

  • Patrick Orecki

    DIRECTOR OF STATE STUDIES

    Total calculated
    $137,598
    From this org
    $118,086
    From related orgs
    $0
    Other
    $19,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,086
    Bonus
    $0
    Other
    $0
    Deferred
    $8,283
    Nontaxable benefits
    $11,229
    Filer's total
    $137,598

  • Sean T Campion

    DIRECTOR OF HOUSING & ECONOMIC STUDIES

    Total calculated
    $108,826
    From this org
    $101,377
    From related orgs
    $0
    Other
    $7,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,377
    Bonus
    $0
    Other
    $0
    Deferred
    $7,449
    Nontaxable benefits
    $0
    Filer's total
    $108,826

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

  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313149349302311

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