2024-05-14T16:15:27-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2022-07-01 133185114 CITY FUTURES INC CITY 2124793344 80 EIGHTH AVENUE FL 20 NEW YORK NY 10011 JONATHAN BOWLES EXECUTIVE DIRECTOR 2124793344 2024-05-14 1 JONATHAN BOWLES 999009999 1 BRIDGET HARTNETT P01429163 9739949494 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CENTER FOR AN URBAN FUTURE JONATHAN BOWLES 80 EIGHTH AVENUE FL 20 NEW YORK NY 10011 1584497 0 X WWW.NYCFUTURE.ORG X 1982 NY CITY FUTURES, INC. IS A CATALYST FOR SMART AND SUSTAINABLE POLICIES THAT REDUCE INEQUALITY, INCREASE ECONOMIC MOBILITY AND GROW THE ECONOMY IN NEW YORK CITY. AN INDEPENDENT, NONPARTISAN POLICY ORGANIZATION, CUF USES FACT-BASED RESEARCH TO ELEVATE IMPORTANT AND OFTEN OVERLOOKED ISSUES ONTO THE RADAR OF POLICYMAKERS AND ADVANCE PRACTICAL SOLUTIONS THAT STRENGTHEN NEW YORK AND HELP ALL NEW YORKERS PARTICIPATE IN THE CITY'S RISING PROSPERITY. 19 18 21 5 0 0 993336 1169780 0 0 142 16991 335580 304521 1329058 1491292 0 0 0 0 792937 845814 22700 21000 82682 523195 549788 1338832 1416602 -9774 74690 1938198 2721055 89762 797211 1848436 1923844 X CITY FUTURES, INC. IS A CATALYST FOR SMART AND SUSTAINABLE POLICIES THAT REDUCE INEQUALITY, INCREASE ECONOMIC MOBILITY AND GROW THE ECONOMY IN NEW YORK CITY. AN INDEPENDENT, NONPARTISAN POLICY ORGANIZATION, CUF USES FACT-BASED RESEARCH TO ELEVATE IMPORTANT AND OFTEN OVERLOOKED ISSUES ONTO THE RADAR OF POLICYMAKERS AND ADVANCE PRACTICAL SOLUTIONS THAT STRENGTHEN NEW YORK AND HELP ALL NEW YORKERS PARTICIPATE IN THE CITY'S RISING PROSPERITY. 0 0 1194159 FOR MORE THAN 20 YEARS, CUF HAS CONSISTENTLY SHAPED THE POLICY DEBATE AROUND ECONOMIC OPPORTUNITY IN NEW YORK BY PUBLISHING REPORTS THAT ARE WIDELY COVERED IN THE MEDIA, HIGHLY READABLE AND ANCHORED IN RIGOROUS RESEARCH RATHER THAN PRECONCEIVED NOTIONS ABOUT OUTCOME. CUF'S EFFORTS TO CREATE A MORE PROSPEROUS, EQUITABLE AND INCLUSIVE NEW YORK SPAN MANY TOPICS AND POLICY AREAS, AND ARE UNIFIED BY THEIR COMMON AIMS: GROWING NEW YORK CITY'S ECONOMY AND BOOSTING THE NUMBER OF MIDDLE INCOME JOBS; HELPING MORE PEOPLE DEVELOP THE SKILLS AND CREDENTIALS NEEDED TO ACCESS CAREERS THAT PUT THEM ON THE PATH TO THE MIDDLE CLASS; AND MAKING NEW YORK CITY AND ITS MANY AND DIVERSE NEIGHBORHOODS A BETTER PLACE TO LIVE. CUF'S REPORTS DO NOT SIT ON A SHELF; THEY ARE ACTION-ORIENTED DOCUMENTS THAT ROUTINELY SPARK POLICY CHANGES AND SERVE AS AN INVALUABLE RESOURCE FOR GOVERNMENT OFFICIALS, NONPROFIT PRACTITIONERS, BUSINESS LEADERS AND PHILANTHROPIC LEADERS AS THEY ADVOCATE FOR, AND IMPLEMENT POLICIES FOR, ADDRESSING NEW YORK'S BIGGEST OPPORTUNITIES AND CHALLENGES. OUR WORK HAS INFLUENCED THE CREATION OF NEW ECONOMIC DEVELOPMENT INITIATIVES FOR LOW-INCOME ENTREPRENEURS, PAVED THE WAY FOR AN EXPANSION OF YOUTH WORKFORCE DEVELOPMENT PROGRAMS AND SPARKED NEW POLICIES TO SUPPORT AGING IMMIGRANTS. RECENTLY, OUR WORK DOCUMENTED THE VITAL ROLE OF BRANCH LIBRARIES IN EMPOWERING DISADVANTAGED NEW YORKERS AND LAID THE GROUNDWORK FOR THE LARGEST EVER INCREASE IN FUNDING FOR THE CITY'S PUBLIC LIBRARIES. 1194159 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 24 0 1 21 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JONATHAN BOWLES 2124793344 120 WALL STREET FL 20 NEW YORK NY 10005 GIFFORD MILLER CHAIRMAN 2.00 X X 0 0 0 RAFAEL E CESTERO BOARD MEMBER 2.00 X 0 0 0 MAX NEUKIRCHEN TREASURER 2.00 X X 0 0 0 GARNESHA EZEDIARO BOARD MEMBER 2.00 X 0 0 0 MARGARET ANADU BOARD MEMBER 2.00 X 0 0 0 JONATHAN BOWLES EXECUTIVE DIRECTOR 40.00 X X 181703 0 35278 RUSSELL DUBNER BOARD MEMBER 2.00 X 0 0 0 SUSAN FINE BOARD MEMBER 2.00 X 0 0 0 SHERRY WANG BOARD MEMBER 2.00 X 0 0 0 KYLE KIMBALL BOARD MEMBER 2.00 X 0 0 0 DAVID LEBENSTEIN BOARD MEMBER 2.00 X 0 0 0 ERIC S LEE BOARD MEMBER 2.00 X 0 0 0 MONISHA NARIANI BOARD MEMBER 2.00 X 0 0 0 ANDREW REICHER BOARD MEMBER 2.00 X 0 0 0 JOHN SIEGAL BOARD MEMBER 2.00 X 0 0 0 KATY KNIGHT BOARD MEMBER 2.00 X 0 0 0 THOMAS VECCHIONE BOARD MEMBER 2.00 X 0 0 0 JESSIE LAZARUS BOARD MEMBER 2.00 X 0 0 0 KATE WITTELS BOARD MEMBER 2.00 X 0 0 0 ELI DVORKIN EDITORIAL & POLICY DIRECTO 40.00 X 134573 0 32022 316276 0 67300 2 0 1 0 0 132825 1036955 1169780 16991 16991 395118 132825 93205 301913 301913 OTHER INCOME 900099 2608 2608 2608 1491292 0 0 321512 X 244812 192666 17360 34786 451285 419323 31962 9813 9106 707 84850 77856 6074 920 55054 48605 3941 2508 63950 63950 21000 21000 160996 160996 4207 4207 9546 8329 794 423 21815 18080 2749 986 82428 72850 5853 3725 91991 91991 2525 2232 179 114 13525 11954 960 611 BANK AND PAYROLL CHARGE 42798 25204 2025 15569 EQUIPMENT AND COMPUTER 42029 37145 2985 1899 MEMBERSHIP AND SUBSCRIP 8326 8326 TELEPHONE AND INTERNET 3128 2765 222 141 2524 2524 1416602 1194159 139761 82682 874042 717220 613958 1047036 330008 120256 116027 111941 156057 149259 4163 6798 0 717804 1938198 2721055 89762 72275 0 724936 89762 797211 X 1240400 1337558 608036 586286 1848436 1923844 1938198 2721055 74690 718 0 X X 0 1 X 1 0 X 1131881 1133353 1494135 993336 1169780 5922485 1131881 1133353 1494135 993336 1169780 5922485 2113858 3808627 1161 851 262 142 16991 19407 5 666 2 2608 3281 5945173 0.64060 0.63420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17686 17686 83064 83064 55307 149259 -93952 6798 RIGHT-OF-USE (ROU) ASSET, NET OF ACCUMULATED 717804 717804 OPERATING RIGHT-OF-USE LIABILITY, CURRENT PORTION 87433 OPERATING RIGHT-OF-USE LIABILITY, NET OF CURRENT PORTION 637503 724936 X 1526884 718 34874 35592 1491292 0 1491292 1451476 34874 34874 1416602 0 1416602 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTABLE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2023 AND 2022. AT JUNE 30, 2023 AND 2022, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 0 KAREN TRELLA CONSULTING 1590 ANDERSON AVENUE FORT LEE NJ 07024 GALA CONSULTANT 0 527943 21000 506943 527943 21000 506943 GALA 527943 132825 395118 70450 12162 10593 527943 132825 395118 70450 12162 10593 93205 301913 X 0 0 0 0 0 0 0 0 0 JONATHAN BOWLES EXECUTIVE DIRECTOR 181703 0 0 0 0 0 7353 0 27925 0 216981 0 0 0 ELI DVORKIN EDITORIAL & POLICY DIRECTO 134573 0 0 0 0 0 3545 0 28477 0 166595 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS FIRST REVIEWED BY THE ORGANIZATION'S BACK OFFICE ACCOUNTING FIRM AND THE EXECUTIVE DIRECTOR. UPON THEIR APPROVAL, THE 990 IS PROVIDED TO THE BOARD CHAIRMAN WHO DISTRIBUTES IT TO ALL MEMBERS OF THE BOARD OF DIRECTORS. A QUORUM, CONSISTING OF AT LEAST ONE-THIRD OF THE ENTIRE NUMBER OF BOARD MEMBERS INCLUDING THE BOARD CHAIRMAN AND BOARD TREASURER, MUST THEN REVIEW THE 990 AND ELECTRONICALLY VOTE WHETHER OR NOT TO APPROVE THE 990. THE BOARD DECISION IS THEN PROVIDED BY THE BOARD CHAIRMAN TO THE EXECUTIVE DIRECTOR WHO APPROVES THE SUBMISSION OF THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN INTEREST PERSON MAY TAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, OF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ALL SALARIES ARE DETERMINED BY THE EXECUTIVE DIRECTOR AND REVIEWED BY THE BOARD OF DIRECTORS DURING THE BUDGET REVIEW PERIOD. THE BOARD OF DIRECTORS WILL EVALUATE AND APPROVE THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAM: PROGRAM SERVICE EXPENSES 160,996. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,996. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.