2025-10-20T09:35:20-05:00 2024-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2024-01-01 130576141 CITIZENS BUDGET COMMISSION INC CITI 2122792605 240 WEST 35TH STREET SUITE 302 NEW YORK NY 10001 ANDREW S REIN PRESIDENT 2122792605 2025-10-17 1 1 WILLIAM EPSTEIN P01307171 2129498700 2024 2025-03-06 01:10:19Z ANDREW S REIN 240 WEST 35TH STREET NEW YORK NY 10001 17310546 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 18 0 0 0 3053581 3000480 0 0 546804 913293 2797 5029 3603182 3918802 0 0 0 0 1635864 2088904 6000 4000 439203 1486110 1008885 3127974 3101789 475208 817013 14357467 15626012 1953607 1644422 12403860 13981590 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 1442898 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. 758658 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: THE NYC AND NYS BUDGETS AND TAX POLICY; THE STATE'S CAP-AND-TRADE SYSTEM; FINANCING OF THE MTA CAPITAL PROGRAM; MTA FARE AND TOLL POLICY; EDUCATION SPENDING; CITY AND STATE RESERVE POLICIES; RECOMMENDATIONS TO THE NYC CHARTER REVISION COMMISSION; HOUSING SCARCITY AND UNDERPRODUCTION; AND THE RESULTS AND ANALYSIS OF A CITYWIDE RESIDENT SURVEY. (CONTINUED ON SCHEDULE O)(CONTINUED FROM PAGE 2, PART III, LINE 4B) CBC HELD 13 EVENTS IN 2024. THE EVENTS FEATURED SPEAKERS, INCLUDING: CONGRESSMEN RITCH TORRES AND DAN GOLDMAN; DIRECTOR OR STATE OPERATIONS KATHRYN GARCIA AND SECRETARY TO THE GOVERNOR KAREN PERSICHILLI KEOGH; NYC COMPTROLLER BRAD LANDER AND NYS COMPTROLLER TOM DINAPOLI; NYS DEPARTMENT OF FINANCIAL SERVICES SUPERINTENDENT ADRIENNE HARRIS; NYC BUDGET DIRECTOR JACQUES JIHA; NYS BUDGET DIRECTOR BLAKE WASHINGTON; NYCHA CHAIR JAMIE RUBIN AND NYCHA CEO LISA BOVA-HIATT; NYSERDA PRESIDENT DOREEN HARRIS AND NYS DEC COMMISSIONER BASIL SEGGOS; AND MTA CHAIR AND CEO JANNO LIEBER AND MTA CONSTRUCTION & DEVELOPMENT PRESIDENT JAMIE TORRES-SPRINGER. CBC ALSO HONORED NEW YORK FEDERAL RESERVE PRESIDENT JOHN C. WILLIAMS AND FORMER NYC DEPUTY MAYOR DANIEL DOCTOROFF AT ITS ANNUAL GALA, HOSTED A DOCUMENTARY FILM SCREENING ON THE NEW YORK CITY FISCAL CRISIS, AND A HELD A PANEL DISCUSSION ABOUT THE IMPACTS OF ARTIFICIAL INTELLIGENCE ON NEW YORK. 2201556 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 18 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 MARISSA SHORENSTEIN CHAIR 1.00 X X 0 0 0 JAKE ELGHANAYAN VICE CHAIR 1.00 X X 0 0 0 WILLIAM FLOYD VICE CHAIR 1.00 X X 0 0 0 CAROL ROSENTHAL VICE CHAIR 1.00 X X 0 0 0 EDWARD WALLACE GENERAL COUNSEL 1.00 X 0 0 0 MERRYL H TISCH SECRETARY 1.00 X 0 0 0 ROBERT HOGLUND 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 KENT HITESHEW 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 SALLY ROCKER TRUSTEE 1.00 X 0 0 0 ALAIR TOWNSEND TRUSTEE 1.00 X 0 0 0 ANDREW S REIN PRESIDENT 40.00 X 328548 0 21000 ANA B CHAMPENY VICE PRESIDENT FOR RESEARCH 40.00 X 200955 0 48084 PATRICK ORECKI DIRECTOR OF STATE STUDIES 40.00 X 144171 0 23051 MICHAEL P VAUGHN VICE PRESIDENT FOR COMMUNICATIONS & STRATEGY 40.00 X 119313 0 7395 SEAN T CAMPION DIRECTOR OF HOUSING AND ECONOMIC STUDIES 40.00 X 140334 0 9947 KEVIN MEDINA DIRECTOR OF OPERATIONS 1.00 X 108816 0 7210 1042137 0 116687 6 0 1 0 ELIZABETH SEIDMAN 30 WATERSIDE PLAZA 35J NEW YORK NY 10010 BOARD DEVELOPMENT CONSULTANT 106500 1 1663428 1337052 3000480 383376 383376 13646695 13116778 529917 529917 529917 274966 1663428 274966 0 MISCELLANEOUS INCOME 900099 5029 5029 5029 3918802 0 0 918322 X 349548 267388 41365 40795 1432407 1095725 169509 167173 50388 38544 5963 5881 124243 95040 14703 14500 132318 101217 15658 15443 111164 111164 4000 4000 352041 169187 39952 142902 16501 15676 825 5961 4464 679 818 51092 39084 6045 5963 304469 232904 36031 35534 7525 5757 890 878 103143 102944 100 99 11182 8554 1323 1305 12413 12413 MISCELLANEOUS 16826 12735 2148 1943 PRINTING/REPRODUCTION 8213 5750 821 1642 RECRUITMENT 5554 4444 1110 MAINTENANCE CONTRACTS 2801 2143 331 327 3101789 2201556 461030 439203 322249 515628 16844 16847 144000 26000 243056 206550 177130 121221 67091 55909 11949465 13438473 1614762 1366605 14357467 15626012 162419 95403 1791188 1549019 1953607 1644422 X 11689375 13203565 714485 778025 12403860 13981590 14357467 15626012 X 817013 827717 -67000 X 0 1 X 1 0 X 1904698 2554915 3139727 3053581 3000480 13653401 1904698 2554915 3139727 3053581 3000480 13653401 13653401 159057 178933 256551 212452 383376 1190369 12964 2797 5029 20790 14864560 0.91850 0.92960 X 0 1 0 1 395 1 750 0 1 3166 0 1 1301 5612 0 PART II-B, LINE 1: IN 2024, CBC MADE PUBLIC RECOMMENDATIONS ON BUDGET POLICY AND TRANSPARENCY, ECONOMIC DEVELOPMENT PROGRAMS, PUBLIC WORKFORCE BENEFITS, TAX POLICY, TRANSPORTATION POLICY, LAND USE PLANNING, STATE ENERGY POLICY, AND OTHER LEGISLATION RELEVANT TO CBC'S ROLE AS FISCAL WATCHDOG FOR NEW YORK STATE AND NEW YORK CITY. 40000 40000 0 137130 81221 55909 55909 RIGHT-OF-USE ASSET 1366605 1366605 LEASE LIABILITY 1549019 1549019 X 4746519 827717 827717 3918802 0 3918802 3168789 67000 67000 3101789 0 3101789 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 67,000. ANNUAL TRUSTEE DINNER 1938394 1663428 274966 253344 21622 1938394 1663428 274966 253344 21622 274966 0 X X 0 0 0 0 0 0 0 0 0 ANDREW S REIN PRESIDENT 328548 0 0 0 0 0 21000 0 0 0 349548 0 0 0 ANA B CHAMPENY VICE PRESIDENT FOR RESEARCH 200955 0 0 0 0 0 15400 0 32684 0 249039 0 0 0 PATRICK ORECKI DIRECTOR OF STATE STUDIES 144171 0 0 0 0 0 10192 0 12859 0 167222 0 0 0 SEAN T CAMPION DIRECTOR OF HOUSING AND ECONOMIC STU 140334 0 0 0 0 0 9947 0 0 0 150281 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 CONSULTANTS: PROGRAM SERVICE EXPENSES 169,187. MANAGEMENT AND GENERAL EXPENSES 39,952. FUNDRAISING EXPENSES 142,902. TOTAL EXPENSES 352,041. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -67,000.