Civic Intelligence

Manhattan and Bronx Surface Transit Operating Authority

990 • Fiscal year 2019 • EIN 13-1961750

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

Organization ProfileMTA.info
2 BROADWAY Room D15153New York, NY 10004

(646) 252-6653

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

1.46x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

2.21x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Net Margin

2nd percentile

-60%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Top Officer Pay

4th percentile

$360,982

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Asset Growth

5th percentile

-6.8%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

1.0%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,458,815,791

Down $105,627,656 (-6.8%) from 2018

Net Assets

Up

-$673,476,304

Up $1,945,349,499 (+74%) from 2018

Liabilities

Down

$2,132,292,095

Down $2,050,977,155 (-49%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin2nd percentile

Revenue

Up

$964,112,109

Up $9,148,169 (+1.0%) from 2018

Expenses

Down

$1,545,378,301

Down $5,805,937 (-0.4%) from 2018

Net Income

Up

-$581,266,192

Up $14,954,106 (+2.5%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$5.0B$0-$5.0BAssets 2010: $616,255,124Liabilities 2010: $1,281,004,730Net Assets 2010: -$664,749,6062010Assets 2011: $654,964,282Liabilities 2011: $1,633,793,992Net Assets 2011: -$978,829,7102011Assets 2012: $1,297,872,866Liabilities 2012: $1,755,120,380Net Assets 2012: -$457,247,5142012Assets 2013: $1,560,460,143Liabilities 2013: $2,213,805,304Net Assets 2013: -$653,345,1612013Assets 2014: $1,868,677,082Liabilities 2014: $2,606,202,129Net Assets 2014: -$737,525,0472014Assets 2015: $1,997,116,530Liabilities 2015: $2,906,738,544Net Assets 2015: -$909,622,0142015Assets 2016: $1,660,755,130Liabilities 2016: $3,285,036,586Net Assets 2016: -$1,624,281,4562016Assets 2017: $1,227,407,887Liabilities 2017: $4,799,263,128Net Assets 2017: -$3,571,855,2412017Assets 2018: $1,564,443,447Liabilities 2018: $4,183,269,250Net Assets 2018: -$2,618,825,8032018Assets 2019: $1,458,815,791Liabilities 2019: $2,132,292,095Net Assets 2019: -$673,476,3042019Assets 2020: $737,379,301Liabilities 2020: $2,113,545,968Net Assets 2020: -$1,376,166,6672020Assets 2021: $878,462,453Liabilities 2021: $2,230,818,712Net Assets 2021: -$1,352,356,2592021Assets 2022: $964,166,944Liabilities 2022: $1,728,443,683Net Assets 2022: -$764,276,7392022Assets 2023: $1,402,807,193Liabilities 2023: $2,679,205,575Net Assets 2023: -$1,276,398,3822023Assets 2024: $1,399,766,819Liabilities 2024: $2,494,584,433Net Assets 2024: -$1,094,817,6142024

Highlighted filing

2019

Assets$1,458,815,791
Liabilities$2,132,292,095
Net Assets-$673,476,304
Open 2019 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.0B$0-$1.0B-$2.0BExpenses 2010: $1,323,503,5342010Expenses 2011: $1,451,767,0162011Expenses 2012: $1,367,951,1102012Revenue 2013: $1,151,303,231Expenses 2013: $1,530,087,341Net Income 2013: -$378,784,1102013Revenue 2014: $1,160,373,522Expenses 2014: $1,637,663,350Net Income 2014: -$477,289,8282014Revenue 2015: $978,873,805Expenses 2015: $1,597,808,786Net Income 2015: -$618,934,9812015Revenue 2016: $1,039,602,932Expenses 2016: $1,732,772,830Net Income 2016: -$693,169,8982016Revenue 2017: $972,380,639Expenses 2017: $1,680,679,308Net Income 2017: -$708,298,6692017Revenue 2018: $954,963,940Expenses 2018: $1,551,184,238Net Income 2018: -$596,220,2982018Revenue 2019: $964,112,109Expenses 2019: $1,545,378,301Net Income 2019: -$581,266,1922019Revenue 2020: $558,511,422Expenses 2020: $1,464,961,478Net Income 2020: -$906,450,0562020Revenue 2021: $479,993,180Expenses 2021: $1,583,553,493Net Income 2021: -$1,103,560,3132021Revenue 2022: $830,723,073Expenses 2022: $1,594,979,334Net Income 2022: -$764,256,2612022Revenue 2023: $736,953,371Expenses 2023: $1,819,870,926Net Income 2023: -$1,082,917,5552023Revenue 2024: $736,105,241Expenses 2024: $1,730,569,938Net Income 2024: -$994,464,6972024

Highlighted filing

2019

Revenue$964,112,109
Expenses$1,545,378,301
Net Income-$581,266,192
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.1
Gross Receipts
$964,112,109
Mission and Program Overview

Mission

Provide Public Bus Transportation in the New York City boroughs of Manhattan and the Bronx

Provide Public Bus Transportation in New York City boroughs of Manhattan and the Bronx

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,599,989,497$2,629,767,408▲ $1,029,777,911
Accounts Receivable$526,985,303$759,553,424▲ $232,568,121
Land, Buildings, and Equipment, Net$483,572,242$629,767,408▲ $146,195,166
Inventories for Sale or Use$7,059,678$6,357,608▼ $702,070
Rtn Earn Endowment Incm Other Fnds$-4,218,815,300$-3,303,243,712▲ $915,571,588
Total Assets$1,564,443,447$1,458,815,791▼ $105,627,656
Other Assets Total$546,826,224$63,137,351▼ $483,688,873
Liabilities
Other Liabilities$3,811,486,412$1,772,952,065▼ $2,038,534,347
Accounts Payable and Accrued Expenses$366,424,431$359,340,030▼ $7,084,401
Deferred Revenue$5,358,407--
Total Liabilities$4,183,269,250$2,132,292,095▼ $2,050,977,155
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,618,825,803$-673,476,304▲ $1,945,349,499
Total Liabilities and Net Assets / Fund Balance$1,564,443,447$1,458,815,791▼ $105,627,656

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$629,767,408$679,632,561$1,309,399,969
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Alan PutreDirector
Andew AlbertDirector
Darryl IrickDirector
David R JonesDirector
David S MackDirector
John HigginsDirector
Kevin S LawDirector
Lawrence SchwartzDirector
Linda A LacewellDirector
Maeda B MihaltsesDirector
Neal ZuckermanDirector
Randy GlucksmanDirector
Rhonda HermanDirector
Robert J Mujica JrDirector
Robert W LinnDirector
Sarah LibreraDirector
Susan MetzgerDirector
Veronique HakimDirector
Vincent Tessitore JrDirector
Patrick J FoyeChariman CEO
Norman E BrownDiriector

Highest Paid Contractors

ContractorServicesLocationCompensation
Subin Associates LLPLegal Services459 Columbus Ave, New York, NY 10024$8,545,888
William Schwitzer Associates PC-112 Madison Ave, New York, NY 10016$3,230,000
Ginarte Gallardo Gonzalez Winogra-255 Broadway, New York, NY 10007$3,000,000
Alpert Slobin Rubsenstein LLP-433 Broadway, New York, NY 10279$2,000,000
Gottlieb Siegel Schwartz LLP-207 94th St, New York, NY 10128$1,850,000
Revenue and Support

Revenue Composition

Contributions and Grants
$531,059,430
Program Service Revenue
$417,338,320
Investment Income
$0
Other Revenue
$15,714,359
All Other Contributions
$531,059,430
Change in Net Assets
$-581,266,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,322,521,559
Other Expenses$222,856,742
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$521,067,227$258,738,086-$779,805,313
Pension Plan Contributions$212,486,674$80,781,196-$293,267,870
Other Employee Benefits$115,521,707$83,762,514-$199,284,221
All Other Expenses$44,242,528$43,852,177-$88,094,705
Depreciation Depletion$48,581,052$29,145,533-$77,726,585
Payroll Taxes$33,332,661$16,831,494-$50,164,155
Other Expenses$9,707,979$20,917,392-$30,625,371
Office Expenses$1,349,528$689,125-$2,038,653
Fees for Services Legal$620,304$495,805-$1,116,109
Total Functional Expenses$993,032,479$552,345,822$0$1,545,378,301
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$966,722,082
LT Retirement Benefits$667,419,310
LT Liability from injuries to Persons$137,286,359
Deferred Compensation pension escrow fund$1,524,314
Overdraft-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11 B

“The return is reviewed by the Senior Director of Accounting and Controller of Manhattan and Bronx Surface Transit Operating Authority before filing.”

Form 990, Part VI, Section Section B, Line 11 B

“Each director, trustee and officer is required to comply with the written ethics policy of Manhattan and Bronx Surface Transit Operating Authority . They are also required to attend ethics training on a periodic basis to ensure that they understand and comply with the Policy Compliance which is monitored on a continuous basis by the Division of Special Investigations of the Manhattan and Bronx Surface Transit Operating Authority.”

Form 990, Part VI, Section C, Line 15 AB

“The salaries of the directors and other management officials are based on an independent appraisal by the human resources department of the Manhattan and Bronx Surface Transit Operating Authority using Hay Job evalouation system.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Manhattan and Bronx Surface Transit Operating Authority
EIN
13-1961750
Address
2 BROADWAY Room D15153, New York, NY 10004

Signing Officer

Name
William Vazoulas
Title
Controller
Signed
2020-06-18
Discuss with paid preparer
No

Organization Details

Principal Officer
Veronique Hakim
Formed
1983
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
9,915

Preparer

Preparer
Manhattan and Bronx Surface
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IRS990/Form990PartVIISectionAGrp/PersonNm18Vincent Tessitore Jr
IRS990/Form990PartVIISectionAGrp/PersonNm19Neal Zuckerman
IRS990/Form990PartVIISectionAGrp/PersonNm20Patrick J Foye
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,458,815,791
Liabilities
$2,132,292,095
Net assets
-$673,476,304
Revenue
$964,112,109
Expenses
$1,545,378,301
Net income
-$581,266,192
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,400$2,495$1,095$736$1,731$994
2023Detailed filing. Detailed filing data is available for this year.$1,403$2,679$1,276$737$1,820$1,083
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$964$1,728$764$831$1,595$764
2021Detailed filing. Detailed filing data is available for this year.$878$2,231$1,352$480$1,584$1,104
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$737$2,114$1,376$559$1,465$906
2019Detailed filing. Detailed filing data is available for this year.$1,459$2,132$673$964$1,545$581
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,564$4,183$2,619$955$1,551$596
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,227$4,799$3,572$972$1,681$708
2016Detailed filing. Detailed filing data is available for this year.$1,661$3,285$1,624$1,040$1,733$693
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,997$2,907$910$979$1,598$619
2014Detailed filing. Detailed filing data is available for this year.$1,869$2,606$738$1,160$1,638$477
2013Detailed filing. Detailed filing data is available for this year.$1,560$2,214$653$1,151$1,530$379
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,298$1,755$457$1,368
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$655$1,634$979$1,452
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$616$1,281$665$1,324