2023-11-10T09:54:55-06:00 2022-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2022-01-01 130576141 CITIZENS BUDGET COMMISSION INC CITI 2122792605 240 WEST 35TH STREET SUITE 302 NEW YORK NY 10001 ANDREW S REIN PRESIDENT 2122792605 2023-11-10 1 ANDREW REIN 999009999 0 WILLIAM EPSTEIN P01307171 2129498700 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW S REIN 240 WEST 35TH STREET NEW YORK NY 10001 3836974 0 X WWW.CBCNY.ORG X 1932 NY TO INFLUENCE CONSTRUCTIVE CHANGE IN THE FINANCES AND SERVICES OF NEW YORK CITY AND STATE GOVERNMENTS. 16 16 17 0 0 0 2554915 3139727 0 0 193468 256551 12964 0 2761347 3396278 0 0 0 0 1541208 1477226 0 58000 300520 775317 974405 2316525 2509631 444822 886647 11693384 12953903 205368 2068514 11488016 10885389 X 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. 0 0 1291292 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. 570646 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. 1861938 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 16 0 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X ANDREW S REIN 2122792605 240 WEST 35TH STREET NEW YORK NY 10001 WALTER L HARRIS CHAIR 1.00 0.00 X 0 0 0 WILLIAM FLOYD VICE CHAIR 1.00 0.00 X 0 0 0 MARISSA SHORENSTEIN VICE CHAIR 1.00 0.00 X 0 0 0 JAKE ELGHANAYAN VICE CHAIR 1.00 0.00 X 0 0 0 DAVID A JAVDAN TREASURER 1.00 0.00 X 0 0 0 MELISSA BURCH THRU 42022 SECRETARY 1.00 0.00 X 0 0 0 KENT HITESHEW SECRETARY 1.00 0.00 X 0 0 0 EDWARD WALLACE GENERAL COUNSEL 1.00 0.00 X 0 0 0 PAULA DAGEN TRUSTEE 1.00 0.00 X 0 0 0 ROBERT HOGLUND TRUSTEE 1.00 0.00 X 0 0 0 CASWELL HOLLOWAY TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY MANNARINO TRUSTEE 1.00 0.00 X 0 0 0 RICHARD ROBERTS TRUSTEE 1.00 0.00 X 0 0 0 CAROL E ROSENTAHL TRUSTEE 1.00 0.00 X 0 0 0 JAMIE RUBIN TRUSTEE 1.00 0.00 X 0 0 0 MERRYL H TISCH TRUSTEE 1.00 0.00 X 0 0 0 ALAIR A TOWSEND TRUSTEE 1.00 0.00 X 0 0 0 ANDREW S REIN PRESIDENT 40.00 0.00 X 299310 0 19191 ANA CHAMPENY DIRECTOR OF CITY STUDIES 40.00 0.00 X 168989 0 41451 PATRICK ORECKI DIRECTOR OF STATE STUDIES 40.00 0.00 X 118086 0 19512 SEAN T CAMPION DIRECTOR OF HOUSING & ECONOMIC STUDIES 40.00 0.00 X 101377 0 7449 687762 0 87603 4 0 1 0 ELIZABETH SEIDMAN 30 WATERSIDE PLAZA 35J NEW YORK NY 10010 BOARD DEVELOPMENT CONSULTANT 108500 1 1693547 1446180 3139727 256551 256551 211539 211539 0 0 229157 1693547 229157 0 3396278 0 0 256551 X 318502 258914 35870 23718 950789 772908 107078 70803 34512 28055 3887 2570 80827 65706 9102 6019 92596 75273 10428 6895 71197 71197 58000 58000 273278 132974 53963 86341 98214 97257 957 3058 2508 321 229 74402 61009 7813 5580 307287 252662 31922 22703 9444 8476 626 342 11775 9656 1236 883 RECRUITMENT 69234 51926 6923 10385 MISCELLANEOUS 40678 33219 4254 3205 PRINTING/REPRODUCTION 11003 7702 1100 2201 MAINTENANCE CONTRACTS 2564 2103 269 192 2271 1590 227 454 2509631 1861938 347173 300520 269132 466455 517291 100707 141000 34600 191763 213430 264548 184920 91015 79628 10482795 10199974 388 1859109 11693384 12953903 63706 46635 141662 2021879 205368 2068514 X 11168571 10120235 319445 765154 11488016 10885389 11693384 12953903 886647 -1489274 0 X 0 1 X 1 0 X 3074022 2748429 1904698 2554915 3139727 13421791 3074022 2748429 1904698 2554915 3139727 13421791 13421791 156707 188030 159057 178933 256551 939278 3940 12964 16904 14377973 0.93350 0.94050 X 0 1 0 1 1136 0 0 1 3457 0 1 2869 7462 0 FORM 990, SCHEDULE C, PART II-B, LINE 1 IN 2022, CBC MADE PUBLIC RECOMMENDATIONS ON BUDGET POLICY AND TRANSPARENCY, ECONOMIC DEVELOPMENT PROGRAMS, PUBLIC WORKFORCE BENEFITS, TAX POLICY, TRANSPORTATION POLICY, LAND USE PLANNING, BUILDING ELECTRIFICATION, AND OTHER LEGISLATION RELEVANT TO CBC'S ROLE AS FISCAL WATCHDOG FOR NEW YORK STATE AND NEW YORK CITY. 40000 40000 0 224548 144920 79628 79628 RIGHT-OF-USE ASSET 1859109 1859109 LEASE LIABILITY 2021879 2021879 X 1907004 -1489274 -1489274 3396278 0 3396278 2509631 0 2509631 0 2509631 PART X, LINE 2: CBC IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME-TAX OBLIGATIONS. BECAUSE OF CBC'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON CBC'S FINANCIAL STATEMENTS. X 1 MCEVOY CONSULTING 295 ALBO DRIVE LAUREL NY 11948 EVENT MANAGEMENT & GALA MANAGEMENT 0 1922704 58000 1693547 1922704 58000 1693547 NY ANNUAL TRUSTEE DINNER 1922704 1693547 229157 216946 12211 1922704 1693547 229157 216946 12211 229157 0 X X 0 0 0 0 0 0 0 0 0 ANDREW S REIN PRESIDENT 299310 0 0 0 0 0 19191 0 0 0 318501 0 0 0 ANA CHAMPENY DIRECTOR OF CITY STUDIES 168989 0 0 0 0 0 12910 0 28541 0 210440 0 0 0 PATRICK ORECKI DIRECTOR OF STATE STUDIES 118086 0 0 0 0 0 8283 0 11229 0 137598 0 0 0 SEAN T CAMPION DIRECTOR OF HOUSING & ECONOMIC STUDI 101377 0 0 0 0 0 7449 0 0 0 108826 0 0 0 H DALE HEMMERDINGER ATCO PROP HONORARY CHAIR 258669 RENT 0 FORM 990, SCHEDULE L, PART IV, BUSINESS TRANSACTIONS WITH INTERESTED PERSONS H. DALE HEMMERDINGER IS THE CHAIRMAN OF THE ATCO PROPERTIES AND MANAGEMENT, INC. FROM WHICH CBC LEASES OFFICE SPACE. MR. HEMMERDINGER IS AN HONORARY CHAIR AND MEMBER OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL OF AT LEAST TWENTY-FIVE (25) YEARS OF AGE, RESIDING OR HAVING BUSINESS IN NEW YORK STATE, SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP, SUBJECT TO APPROVAL BY THE EXECUTIVE COMMITTEE AND THE CONDITIONS SET FORTH IN THE BY-LAWS RELATING TO MEMBERSHIP. NO ELECTED OR APPOINTED OFFICIAL CURRENTLY SERVING ON A FULL TIME, PAID BASIS FOR THE CITY OR STATE OF NEW YORK OR OTHER LOCAL JURISDICTION OF NEW YORK STATE IS ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A EXCEPT AS OTHERWISE REQUIRED BY LAW OR THE BY-LAWS, MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ELECTED BY A PLURALITY OF THE VOTES CAST AT THE ANNUAL MEETING OF TRUSTEES BY THE TRUSTEES ENTITLED TO VOTE. WHENEVER ANY OTHER ACTION IS TO BE TAKEN BY VOTE OF THE TRUSTEES, IT SHALL BE AUTHORIZED BY A MAJORITY OF THE VOTES CAST AS A MEETING OF TRUSTEES BY THE TRUSTEES ENTITLED TO VOTE. NEWLY CREATED EXECUTIVE COMMITTEE POSITIONS MAY BE FILLED BY THE EXECUTIVE COMMITTEE, BY A VOTE OF A MAJORITY OF THE EXECUTIVE COMMITTEE MEMBERS THEN IN OFFICE EVEN IF NO QUORUM IS PRESENT. ANY EXECUTIVE COMMITTEE MEMBER ELECTED TO FILL A VACANCY RESULTING FROM RESIGNATION, DEATH, OR REMOVAL OF AN EXECUTIVE COMMITTEE MEMBER WILL BE ELECTED TO HOLD OFFICE FOR THE UNEXPIRED TERM OF HIS OR HER PREDECESSOR. FORM 990, PART VI, SECTION A, LINE 7B TRUSTEES ARE ENTITLED TO (1) ATTEND AND PARTICIPATE IN EVENTS SPONSORED BY THE CORPORATION AND RECEIVE MATERIALS PUBLISHED BY THE CORPORATION; (2) NOMINATE CANDIDATES FOR MEMBERSHIP AS TRUSTEES; (3) ELECT TRUSTEES, OFFICERS, AND MEMBERS OF THE EXECUTIVE COMMITTEE; (4) APPROVE THE ADOPTION OF BY-LAWS; (5) SERVE AS OFFICERS OF THE CORPORATION AND MEMBERS OF THE EXECUTIVE COMMITTEE; (6) SERVE ON RESEARCH COMMITTEES AT WILL, AND ATTEND RESEARCH COMMITTEE MEETINGS WHETHER OR NOT THEY ARE MEMBERS OF SUCH COMMITTEES; AND (7) BE ELIGIBLE FOR APPOINTMENT TO OTHER COMMITTEES AS PROVIDED FOR IN THESE BY-LAWS. TRUSTEES DO NOT HAVE THE POWER TO CONDUCT BUSINESS IN THE NAME OF, OR ON BEHALF OF THE CORPORATION, UNLESS THEY HAVE BEEN ELECTED AS AN OFFICER OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR OF THE AUDIT COMMITTEE OF CITIZENS BUDGET COMMISSION, INC. REVIEWS THE 990 PRIOR TO ITS FILING. ONCE THE FORM HAS BEEN REVIEWED AND APPROVED BY THE CHAIR OF THE AUDIT COMMITTEE, IT IS SIGNED AND FILED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C VOTING MEMBER OF THE EXECUTIVE COMMITTEE ARE REQUIRED TO COMPLETE A CONFLICT-OF-INTEREST DISCLOSURE STATEMENT ANNUALLY. THIS REQUIREMENT IS ANNUALLY MONITORED AND ENFORCED BY THE DIRECTOR OF OPERATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS ONCE PER YEAR TO REVIEW THE CURRENT COMPENSATION LEVELS AND DETERMINE SALARY ADJUSTMENTS OF KEY EMPLOYEES. THESE ADJUSTMENTS ARE MADE ON MERIT AND ON AN ASSESSMENT OF THE ANNUAL SURVEYS OF NEW YORK NONPROFIT EXECUTIVES' COMPENSATION BY THE NONPROFIT COORDINATING COMMITTEE AND PROFESSIONALS FOR NONPROFITS. FORM 990, PART VI, SECTION C, LINE 19 THE CITIZENS BUDGET COMMISSION HAS POSTED ON ITS WEBSITE (WWW.CBCNY.ORG) THAT ALL FORMS AND DOCUMENTS THAT ARE REQUIRED TO BE AVAILABLE FOR PUBLIC ACCESS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULATANTS: PROGRAM SERVICE EXPENSES 132,974. MANAGEMENT AND GENERAL EXPENSES 53,963. FUNDRAISING EXPENSES 86,341. TOTAL EXPENSES 273,278.