Civic Intelligence

Manhattan and Bronx Surface Transit Operating Authority

990 • Fiscal year 2021 • EIN 13-1961750

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 12, 2022

Organization ProfileMTA.info
2 Broadway Apt 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

2.54x

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

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

4.65x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

1st percentile

-230%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

11th percentile

$275,855

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

69th percentile

19%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$878,462,453

Up $141,083,152 (+19%) from 2020

Net Assets

Up

-$1,352,356,259

Up $23,810,408 (+1.7%) from 2020

Liabilities

Up

$2,230,818,712

Up $117,272,744 (+5.5%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin1st percentile

Revenue

Down

$479,993,180

Down $78,518,242 (-14%) from 2020

Expenses

Up

$1,583,553,493

Up $118,592,015 (+8.1%) from 2020

Net Income

Down

-$1,103,560,313

Down $197,110,257 (-22%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2021

Assets$878,462,453
Liabilities$2,230,818,712
Net Assets-$1,352,356,259
Open 2021 Filing

Operations Trend

Revenue Growth10th 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

2021

Revenue$479,993,180
Expenses$1,583,553,493
Net Income-$1,103,560,313
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 12, 2022
Return Version
2021v4.2
Gross Receipts
$479,993,180
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
Land, Buildings, and Equipment, Net$575,830,370$528,894,566▼ $46,935,804
Pd in Cap Srpls Land Bldg Eqp Fund$310,475,415$215,611,327▼ $94,864,088
Accounts Receivable$148,720,399$171,787,789▲ $23,067,390
Inventories for Sale or Use$5,588,595$6,435,984▲ $847,389
Rtn Earn Endowment Incm Other Fnds$-1,686,642,082$-1,567,967,586▲ $118,674,496
Total Assets$737,379,301$878,462,453▲ $141,083,152
Other Assets Total$7,239,937$171,344,114▲ $164,104,177
Liabilities
Other Liabilities$1,878,649,636$1,724,405,070▼ $154,244,566
Accounts Payable and Accrued Expenses$234,896,332$506,413,642▲ $271,517,310
Total Liabilities$2,113,545,968$2,230,818,712▲ $117,272,744
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,376,166,667$-1,352,356,259▲ $23,810,408
Total Liabilities and Net Assets / Fund Balance$737,379,301$878,462,453▲ $141,083,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$528,894,566$780,505,403$1,309,399,969
Other Assets Org$171,344,114--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Frank AnnicaroActing PresidentFT$275,855$275,855
Frank FerraroSuperindendtFT$272,718$272,718
Putre AlanVice PresidentFT$269,060$269,060
Wayne LaydonSuperindentFT$264,785$264,785
Vito SicoloSuperindentFT$254,374$254,374

Board Members and Trustees

NameTitle
Janno LieberChairman CEO
Andrew AlbertDirector
David R JonesDirector
David S MackDirector
Elizabeth ValezDirector
Frank Borelli JrDirector
Gerard BringmanDirector
Haeda B MihaltsesDirector
Harold Parr 111Director
Jaimey BarbasDirector
John SamuelsonDirector
Michael FleischerDirector
Neal ZuckermanDirector
Norman E BrowanDirector
Randolph GlucksmanDirector
Robert S Mujica JrDirector
Vincent Tessltore JrDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Sacks Sacks LLPLegal Services150 Broadway, New York, NY 10038$4,750,000
Trolman Glaser Lihgtman PC-777 Thrid Ave, New York, NY 10017$2,785,000
Friedman Friedman Chiravallot-2 Rector Street, New York, NY 10006$1,507,631
Subin Associates LLP-459 Columbus Ave, New York, NY 10024$1,200,000
Robert P Sharon Assoc PC-110 Wall St, New York, NY 10005$1,000,000
Revenue and Support

Revenue Composition

Contributions and Grants
$215,611,327
Program Service Revenue
$237,943,941
Investment Income
$0
Other Revenue
$26,437,912
Change in Net Assets
$-1,103,560,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,355,507,568
Other Expenses$228,045,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$550,971,731$259,280,815-$810,252,546
Other Employee Benefits$172,289,211$172,289,211-$344,578,422
Pension Plan Contributions$105,434,511$35,144,837-$140,579,348
Depreciation Depletion$55,197,373$33,830,648-$89,028,021
Fees for Services Legal$62,896,172$15,724,043-$78,620,215
Payroll Taxes$40,866,131$19,231,121-$60,097,252
Other Expenses$17,106,777$7,331,477-$24,438,254
All Other Expenses$6,080,839$2,861,572-$8,942,411
Payment Travel Entrtnmnt Publicly Ofcl$12,529$8,352-$20,881
Total Functional Expenses$1,030,292,497$553,260,996$0$1,583,553,493
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$1,724,405,070
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 11B

“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 B, Line 11B

“Each director, trustee and officer is required to comply with the written ethics policy of Manhattan and Bronx Surface Transit Operaing 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 Manhatan 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 evaluation 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 APT D15153, New York, NY 10004

Signing Officer

Name
William Vazoulas
Title
Controller
Signed
2022-07-12
Discuss with paid preparer
No

Organization Details

Principal Officer
William Vazoulas
Formed
1983
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
15
Employees
8,609
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$878,462,453
Liabilities
$2,230,818,712
Net assets
-$1,352,356,259
Revenue
$479,993,180
Expenses
$1,583,553,493
Net income
-$1,103,560,313
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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