Nonprofit · EIN 13-0576141
CITIZENS BUDGET COMMISSION INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,918,802 | $3,101,789 | $817,013 | $15,626,012 | $1,644,422 | $13,981,590 |
| December 31, 2023 | 990 | $3,603,182 | $3,127,974 | $475,208 | $14,357,467 | $1,953,607 | $12,403,860 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,000,480
- Program service revenue
- $0
- Investment income
- $913,293
- Net gain from sales of assets
- $529,917
- Other revenue
- $5,029
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $349,548
- Other salaries and wages
- $1,432,407
- Salaries, compensation and benefits (total)
- $2,088,904
- Professional fundraising fees
- $4,000
- Accounting fees
- $111,164
- Occupancy
- $304,469
- Travel
- $7,525
- Depreciation
- $11,182
- Program services (functional)
- $2,201,556
- Management and general (functional)
- $461,030
- Fundraising (functional)
- $439,203
Balance sheet and other
- Total assets, start of year
- $14,357,467
- Total assets, end of year
- $15,626,012
- Total liabilities, end of year
- $1,644,422
- Net assets, end of year
- $13,981,590
- Land, buildings and equipment
- $55,909
- Publicly traded securities
- $13,438,473
- Net assets without donor restrictions
- $13,203,565
- Net assets with donor restrictions
- $778,025
- Gross receipts
- $17,310,546
- Employees
- 18
- Volunteers
- 0
- Year formed
- 1932
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW S REIN | PRESIDENT Officer | 40 | $328,548 | $21,000 |
| ANA B CHAMPENY | VICE PRESIDENT FOR RESEARCH Highest-paid employee | 40 | $200,955 | $48,084 |
| PATRICK ORECKI | DIRECTOR OF STATE STUDIES Highest-paid employee | 40 | $144,171 | $23,051 |
| SEAN T CAMPION | DIRECTOR OF HOUSING AND ECONOMIC STUDIES Highest-paid employee | 40 | $140,334 | $9,947 |
| MICHAEL P VAUGHN | VICE PRESIDENT FOR COMMUNICATIONS & STRATEGY Highest-paid employee | 40 | $119,313 | $7,395 |
| KEVIN MEDINA | DIRECTOR OF OPERATIONS Highest-paid employee | 1 | $108,816 | $7,210 |
| MARISSA SHORENSTEIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAKE ELGHANAYAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM FLOYD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL ROSENTHAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD WALLACE | GENERAL COUNSEL Trustee or director | 1 | $0 | $0 |
| MERRYL H TISCH | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROBERT HOGLUND | TREASURER Trustee or director | 1 | $0 | $0 |
| ELAINE BRENNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA DAGEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENT HITESHEW | TRUSTEE Trustee or director | 1 | $0 |
| SHARI HYMAN | TRUSTEE Trustee or director | 1 | $0 |
| DAVID A JAVDAN | TRUSTEE Trustee or director | 1 | $0 |
| ANTHONY MANNARINO | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD ROBERTS | TRUSTEE Trustee or director | 1 | $0 |
| SALLY ROCKER | TRUSTEE Trustee or director | 1 | $0 |
| ALAIR TOWNSEND | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW S REIN | PRESIDENT Officer | 40 | $308,466 | $19,950 |
| ANA CHAMPENY | VICE PRESIDENT FOR RESEARCH Highest-paid employee | 40 | $191,862 | $45,324 |
| PATRICK ORECKI | DIRECTOR OF STATE STUDIES Highest-paid employee | 40 | $138,659 | $21,755 |
| SEAN T CAMPION | DIRECTOR OF HOUSING AND ECONOMIC STUDIES Highest-paid employee | 40 | $124,364 | $8,982 |
| KEVIN MEDINA | DIRECTOR OF OPERATIONS Trustee or director | 1 | $101,866 | $7,000 |
| MARISSA SHORENSTEIN | CHAIR Trustee or director | 1 | $0 | $0 |
| JAKE ELGHANAYAN | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| WILLIAM FLOYD | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| CAROL ROSENTHAL | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| EDWARD WALLACE | GENERAL COUNSEL Trustee or director | 1 | $0 | $0 |
| KENT HITESHEW | SECRETARY Trustee or director | 1 | $0 | $0 |
| ALAIR TOWNSEND | TREASURER Trustee or director | 1 | $0 | $0 |
| ELAINE BRENNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAULA DAGEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT HOGLUND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CASWELL HOLLOWAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARI HYMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID A JAVDAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY MANNARINO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD ROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMIE RUBIN | TRUSTEE (THRU 9/2023) Trustee or director | 1 | $0 | $0 |
| MERRYL H TISCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 240 W 35TH ST STE 302, NEW YORK, NY 10001-2506
- In care of
- % ANDREW S REIN
- Principal officer (990 for 2024)
- ANDREW S REIN, 240 WEST 35TH STREET, NEW YORK, NY 10001
- Signed the 990
- ANDREW S REIN, PRESIDENT
- Phone
- (212) 279-2605
- Website
- WWW.CBCNY.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
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.
Program accomplishments
- 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.Expenses $1,442,898
- 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.Expenses $758,658
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-0576141
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W06Z)
- Assets (IRS master file)
- $15,626,012
- Income (IRS master file)
- $17,310,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,918,802 | $3,101,789 | $15,626,012 | XML |
| 990 | December 2023 | $3,603,182 | $3,127,974 | $14,357,467 | XML |
| 990 | December 2022 | $3,396,278 | $2,509,631 | $12,953,903 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-0576141).
Questions about CITIZENS BUDGET COMMISSION INC
- What is the EIN of CITIZENS BUDGET COMMISSION INC?
- The employer identification number (EIN) of CITIZENS BUDGET COMMISSION INC is 13-0576141.
- Is CITIZENS BUDGET COMMISSION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to CITIZENS BUDGET COMMISSION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITIZENS BUDGET COMMISSION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITIZENS BUDGET COMMISSION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITIZENS BUDGET COMMISSION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CITIZENS BUDGET COMMISSION INC?
- The 990 for the year ended December 31, 2024 names ANDREW S REIN.
- Who are the officers and directors of CITIZENS BUDGET COMMISSION INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 6 received compensation from the organization, the highest $328,548 (ANDREW S REIN, PRESIDENT).
- How much revenue does CITIZENS BUDGET COMMISSION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,918,802, expenses of $3,101,789 and total assets of $15,626,012 at year end.
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