2024-11-12T13:40:22-06:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-01-01 130576141 CITIZENS BUDGET COMMISSION INC CITI 2122792605 240 WEST 35TH STREET SUITE 302 NEW YORK NY 10001 ANDREW S REIN PRESIDENT 2122792605 2024-11-11 1 0 WILLIAM EPSTEIN P01307171 2129498700 2023 2024-10-15 13:58:12Z ANDREW S REIN 240 WEST 35TH STREET NEW YORK NY 10001 11445020 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 15 0 0 0 3139727 3053581 0 0 256551 546804 0 2797 3396278 3603182 0 0 0 0 1477226 1635864 58000 6000 323312 974405 1486110 2509631 3127974 886647 475208 12953903 14357467 2068514 1953607 10885389 12403860 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 1728760 NONPARTISAN RESEARCH ON THE FINANCES, OPERATIONS, AND POLICIES 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 FISCAL MANAGEMENT, RAINY DAY FUNDS, SERVICE EFFICIENCY, 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. 647528 DISSEMINATION OF INFORMATION TO THE PUBLIC, POLICY MAKERS AND THE POLICY COMMUNITY THROUGH THE PUBLICATION AND DISTRIBUTION OF CBC RESEARCH REPORTS, HOSTING PUBLIC FORUMS TO PROMOTE DISCUSSION AND EDUCATE NEW YORKERS ON PUBLIC POLICY ISSUES, TESTIMONY SUBMITTED TO LEGISLATIVE BODIES, LETTERS TO OFFICIALS, AND ANALYSIS AND COMMENTARY IN PROMINENT MEDIA OUTLETS. TOPICS INCLUDED: HOW TO STABILIZE THE NEW YORK CITY AND NEW YORK STATE BUDGETS; HOW TO DESIGN AN EFFECTIVE CAP-AND-TRADE SYSTEM; HOW TO IMPROVE PRIORITIZATION AND FINANCING OF THE NEXT METROPOLITAN TRANSPORTATION AUTHORITY CAPITAL PROGRAM; RISKS AND REMEDIES TO POPULATION LOSS FOR NYC; EDUCATION SPENDING; CITY AND STATE RESERVE POLICIES. . (CONTINUED ON SCHEDULE O)(CONTINUED FROM PAGE 2, PART III, LINE 4B) CBC HELD 15 EVENTS IN 2023. 13 OF THE EVENTS FEATURED SPEAKERS, INCLUDING: THE NYC AND NYS BUDGET DIRECTORS; THE METROPOLITAN TRANSPORTATION AUTHORITY CHAIR AND CEO AND THE MTA PRESIDENT OF CONSTRUCTION; THE NYS GOVERNOR; THE NYC FIRST DEPUTY MAYOR; THE NYC SANITATION COMMISSIONER; THE NYC ECONOMIC DEVELOPMENT CORPORATION CEO; THE SPEAKER OF THE NEW YORK CITY COUNCIL; NYS'S ECONOMIC DEVELOPMENT CEO; AND THE NYS DIRECTOR OF OPERATIONS. LASTLY, CBC HELD TWO CONFERENCES WITH PANELISTS: ONE ON THE NEW YORK STATE BUDGET PROCESS AND THE OTHER ON OUT-MIGRATION IN NYC. 2376288 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 15 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 KEVIN MEDINA DIRECTOR OF OPERATIONS 1.00 X 101866 0 7000 MARISSA SHORENSTEIN CHAIR 1.00 X 0 0 0 JAKE ELGHANAYAN VICE CHAIR 1.00 X 0 0 0 WILLIAM FLOYD VICE CHAIR 1.00 X 0 0 0 CAROL ROSENTHAL VICE CHAIR 1.00 X 0 0 0 EDWARD WALLACE GENERAL COUNSEL 1.00 X 0 0 0 KENT HITESHEW SECRETARY 1.00 X 0 0 0 ALAIR TOWNSEND TREASURER 1.00 X 0 0 0 ELAINE BRENNAN TRUSTEE 1.00 X 0 0 0 PAULA DAGEN TRUSTEE 1.00 X 0 0 0 ROBERT HOGLUND TRUSTEE 1.00 X 0 0 0 CASWELL HOLLOWAY TRUSTEE 1.00 X 0 0 0 SHARI HYMAN TRUSTEE 1.00 X 0 0 0 DAVID A JAVDAN TRUSTEE 1.00 X 0 0 0 ANTHONY MANNARINO TRUSTEE 1.00 X 0 0 0 RICHARD ROBERTS TRUSTEE 1.00 X 0 0 0 JAMIE RUBIN TRUSTEE (THRU 9/2023) 1.00 X 0 0 0 MERRYL H TISCH TRUSTEE 1.00 X 0 0 0 ANDREW S REIN PRESIDENT 40.00 X 308466 0 19950 ANA CHAMPENY VICE PRESIDENT FOR RESEARCH 40.00 X 191862 0 45324 PATRICK ORECKI DIRECTOR OF STATE STUDIES 40.00 X 138659 0 21755 SEAN T CAMPION DIRECTOR OF HOUSING AND ECONOMIC STUDIES 40.00 X 124364 0 8982 865217 0 103011 5 0 1 0 LIZ SEGAL 221 W 82ND ST APT 9F NEW YORK NY 10024 BOARD DEVELOPMENT CONSULTANT 112000 ELIZABETH SEIDMAN 30 WATERSIDE PLAZA 35J NEW YORK NY 10010 BOARD DEVELOPMENT CONSULTANT 111000 2 1710221 1343360 3053581 212452 212452 7855405 7521053 334352 334352 334352 320785 1710221 320785 0 MISCELLANEOUS INCOME 900099 2797 2797 2797 3603182 0 0 549601 X 328417 265756 38171 24490 1077925 872261 125284 80380 40531 32798 4711 3022 86879 70303 10098 6478 102112 82631 11867 7614 121985 121985 6000 6000 803788 587595 55527 160666 15907 15112 795 20209 15184 2175 2850 46413 37558 5394 3461 302296 244619 35135 22542 16281 13175 1892 1214 114961 114794 102 65 12537 10145 1457 935 9842 9842 MISCELLANEOUS 11279 9127 1311 841 RECRUITMENT 5060 1012 2024 2024 MAINTENANCE CONTRACTS 3031 2453 352 226 PRINTING/REPRODUCTION 2521 1765 252 504 3127974 2376288 428374 323312 466455 322249 100707 16844 34600 144000 213430 243056 264548 197457 79628 67091 10199974 11949465 1859109 1614762 12953903 14357467 46635 162419 2021879 1791188 2068514 1953607 X 10120235 11689375 765154 714485 10885389 12403860 12953903 14357467 X 475208 1069263 -26000 X 0 1 X 1 0 X 2748429 1904698 2554915 3139727 3053581 13401350 2748429 1904698 2554915 3139727 3053581 13401350 13401350 188030 159057 178933 256551 212452 995023 3940 12964 2797 19701 14416074 0.92960 0.93350 X 0 1 0 1 1152 1 2567 0 1 2936 0 1 779 7434 0 PART II-B, LINE 1: IN 2023, 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 157457 67091 67091 RIGHT-OF-USE ASSET 1614762 1614762 LEASE LIABILITY 1791188 1791188 X 4672445 1069263 1069263 3603182 0 3603182 3153974 26000 26000 3127974 0 3127974 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 26,000. X 1 MCEVOY & ASSOCIATES 295 ALBO DRIVE LAUREL NY 11948 ANNUAL GALA MANAGEMENT 0 2031006 6000 2025006 2031006 6000 2025006 NY ANNUAL TRUSTEE DINNER 2031006 1710221 320785 258611 62174 2031006 1710221 320785 258611 62174 320785 0 X X 0 0 0 0 0 0 0 0 0 ANDREW S REIN PRESIDENT 308466 0 0 0 0 0 19950 0 0 0 328416 0 0 0 ANA CHAMPENY VICE PRESIDENT FOR RESEARCH 191862 0 0 0 0 0 14642 0 30682 0 237186 0 0 0 PATRICK ORECKI DIRECTOR OF STATE STUDIES 138659 0 0 0 0 0 9683 0 12072 0 160414 0 0 0 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 NOMINATING 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 MEMBERS 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 587,595. MANAGEMENT AND GENERAL EXPENSES 55,527. FUNDRAISING EXPENSES 160,666. TOTAL EXPENSES 803,788. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -26,000.