Citizens Budget Commission Inc is located in New York, NY. The organization was established in 1944. As of 12/2022, Citizens Budget Commission Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Budget Commission Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Citizens Budget Commission Inc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INFLUENCE CONSTRUCTIVE CHANGE IN THE FINANCES AND SERVICES OF NEW YORK CITY AND STATE GOVERNMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Walter L Harris Chair | Trustee | 1 | $0 |
William Floyd Vice Chair | Trustee | 1 | $0 |
Marissa Shorenstein Vice Chair | Trustee | 1 | $0 |
Jake Elghanayan Vice Chair | Trustee | 1 | $0 |
David A Javdan Treasurer | Trustee | 1 | $0 |
Melissa Burch Thru 42022 Secretary | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,693,547 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,446,180 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,139,727 |
Total Program Service Revenue | $0 |
Investment income | $256,551 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,396,278 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $318,502 |
Compensation of current officers, directors, key employees. | $35,870 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $950,789 |
Pension plan accruals and contributions | $34,512 |
Other employee benefits | $80,827 |
Payroll taxes | $92,596 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $71,197 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $58,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $273,278 |
Advertising and promotion | $98,214 |
Office expenses | $3,058 |
Information technology | $74,402 |
Royalties | $0 |
Occupancy | $307,287 |
Travel | $9,444 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,775 |
Insurance | $0 |
All other expenses | $2,271 |
Total functional expenses | $2,509,631 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $466,455 |
Savings and temporary cash investments | $100,707 |
Pledges and grants receivable | $34,600 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $213,430 |
Net Land, buildings, and equipment | $79,628 |
Investments—publicly traded securities | $10,199,974 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,859,109 |
Total assets | $12,953,903 |
Accounts payable and accrued expenses | $46,635 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,021,879 |
Total liabilities | $2,068,514 |
Net assets without donor restrictions | $10,120,235 |
Net assets with donor restrictions | $765,154 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $12,953,903 |