Overview
What is Citizens Budget Commission Inc?
Citizens Budget Commission Inc, based in New York City, is a nonpartisan, nonprofit organization founded in 1932 to analyze and improve the financial and managerial practices of New York City and New York State governments. Its primary goal is to promote sound fiscal and management policies. The commission conducts research on various topics, such as public service efficiency, employee compensation, healthcare benefits, and budget monitoring. With a focus on constructive change, they serve as a watchdog, research organization, monitor of implementation, and disseminator of information. The organization, with a total of 17 employees, has expanded its analysis to include the fiscal affairs of state government, making significant contributions to improving the financial landscape of both New York City and New York State.
Official website here: www.cbcny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Stars
The Citizens Budget Commission Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. With a perfect score in various aspects of accountability, such as independent board membership and robust financial statements, the organization demonstrates its commitment to transparency and responsible stewardship of resources.
Strengths highlighted in the evaluation include a strong independent board, efficient fundraising practices, and sound financial ratios. The organization's program expense ratio indicates that a significant portion of its budget is allocated to programs, reflecting its mission-driven focus. Additionally, the presence of policies for conflict of interest and whistleblower protections enhances its governance framework.
There are no noted limitations in the feedback, showcasing the organization’s well-managed operations. Citizens Budget Commission Inc stands out as a trustworthy nonprofit, excelling in financial health and governance, which will likely instill confidence in current and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Citizens Budget Commission Inc legitimate?
Citizens Budget Commission Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Citizens Budget Commission Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $318,502
Professional Fundraising Fees: $58,000
Other Salaries and Wages: $950,789
For more financial information, click here
Official website here: www.cbcny.org
What is the mission statement of Citizens Budget Commission Inc?
The Citizens Budget Commission Inc., established in 1932 during a financial crisis, is a nonpartisan, not-for-profit organization with a mission to drive constructive change in the financial management and services of New York City and State governments. Originally focusing on the City, they expanded their analysis to include the State's fiscal affairs in 1985. The organization carries out its mission through four interconnected roles: serving as a watchdog, conducting research, monitoring implementation, and disseminating information. It primarily relies on contributions, special events, and investment income for funding.
Official website here: www.cbcny.org
Who is the CEO of Citizens Budget Commission Inc?
Andrew S Rein is the Chair of Citizens Budget Commission Inc.
Official website here: www.cbcny.org
What is the revenue of Citizens Budget Commission Inc?
Citizens Budget Commission Inc's revenue in 2022 was $3,396,278.
Official website here: www.cbcny.org
Who are the executives of Citizens Budget Commission Inc and what are their salaries?
The average compensation at Citizens Budget Commission Inc during 2022 was $74,664. There are 17 employees at Citizens Budget Commission Inc.
Here are 21 key members and their salaries:
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Official website here: www.cbcny.org
Where can I find the form 990 for Citizens Budget Commission Inc?
Citizens Budget Commission Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbcny.org
Learn more at the official website: www.cbcny.org
Mission Statement of Citizens Budget Commission Inc
The Citizens Budget Commission Inc, established in 1932 during a period of significant fiscal crisis, is a nonpartisan, not-for-profit civic organization with a mission to bring about constructive change in the financial management and services of New York City and State governments. This esteemed organization was founded by a group of civic leaders who sought to analyze the City's finances, evaluate its government management, report on these matters to its members, and propose improvements to municipal officials. In 1985, the scope of the Commission's analysis was broadened to encompass the fiscal affairs of State government.
Embodying this mission, the Citizens Budget Commission Inc assumes four interrelated roles: acting as a watchdog, conducting research, monitoring implementation, and disseminating information. In its role as a watchdog, the organization keeps a close eye on the financial practices and services provided by both the City and State governments, ensuring transparency and accountability. As a research organization, the Commission conducts thorough investigations into the financial health and operational efficiency of these governments, providing insightful reports and recommendations for improvement. In its capacity as a monitor of implementation, the Commission tracks the progress of the implemented policies and recommendations, assessing their success and impact. Lastly, as a disseminator of information, the Commission shares its findings with relevant stakeholders, including policymakers and the public, promoting informed decision-making and fostering a more effective and efficient government. The Citizens Budget Commission Inc is primarily funded through contributions, special events, and investment income.
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Impact
July, 2024
Citizens Budget Commission Inc has a significant impact on influencing constructive change in the finances and services of New York City and New York State governments. Through its nonpartisan research on various topics such as public service efficiency, employee compensation, healthcare benefits, transportation, housing, economic development, energy policies, and health spending, CBC promotes sound fiscal and management practices. Since its founding in 1932, CBC has served as a watchdog, research organization, monitor of implementation, and disseminator of information to municipal officials, contributing to improved governance and accountability. CBC's commitment to its mission is evident in its dedicated efforts to ensure transparent and efficient use of public resources for the benefit of all citizens.
This information is meant to be a general summary of Citizens Budget Commission Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $256,551
- Gross Receipts: $3,836,974
Assets and Liabilities:
- Total Assets: $12,953,903
- Total Liabilities: $2,068,514
- Net Assets: $10,885,389
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Organization Details
Founding Year
1932
Phone
(212) 279-2605Principal Officer
Andrew S Rein
Main Address
240 WEST 35TH STREET SUITE 302, NEW YORK, NY, 10001
Website
www.cbcny.orgNTEE Category
Code: W06Z - Public benefit
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