Civic Intelligence

The Carter Burden Network

990 • Fiscal year 2023 • EIN 23-7129499

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 24, 2024

Refreshing map…

415 E 73rd StreetNew York, NY 10021

(212) 879-7400

Siviq Scores

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

Liabilities / Assets

59th percentile

0.27x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.60x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

29th percentile

-3.2%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$325,746

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

85th percentile

31%

Faster asset growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-15%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$16,992,402

Up $4,030,508 (+31%) from 2022

Net Assets

Up

$12,417,296

Up $184,158 (+1.5%) from 2022

Liabilities

Up

$4,575,106

Up $3,846,350 (+528%) from 2022

Revenue

Down

$7,580,726

Down $1,312,114 (-15%) from 2022

Expenses

Up

$7,821,184

Up $750,140 (+11%) from 2022

Net Income

Down

-$240,458

Down $2,062,254 (-113%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $5,863,215Liabilities 2011: $354,819Net Assets 2011: $5,508,3962011Assets 2012: $5,483,385Liabilities 2012: $337,304Net Assets 2012: $5,146,0812012Assets 2013: $6,179,291Liabilities 2013: $633,238Net Assets 2013: $5,546,0532013Assets 2014: $6,923,920Liabilities 2014: $1,034,405Net Assets 2014: $5,889,5152014Assets 2015: $18,894,372Liabilities 2015: $1,071,836Net Assets 2015: $17,822,5362015Assets 2016: $17,631,260Liabilities 2016: $865,628Net Assets 2016: $16,765,6322016Assets 2018: $15,048,812Liabilities 2018: $803,328Net Assets 2018: $14,245,4842018Assets 2021: $13,614,066Liabilities 2021: $803,789Net Assets 2021: $12,810,2772021Assets 2022: $12,961,894Liabilities 2022: $728,756Net Assets 2022: $12,233,1382022Assets 2023: $16,992,402Liabilities 2023: $4,575,106Net Assets 2023: $12,417,2962023

Highlighted filing

2023

Assets$16,992,402
Liabilities$4,575,106
Net Assets$12,417,296

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,650,6372011Expenses 2012: $3,768,4762012Expenses 2013: $4,499,7002013Revenue 2014: $5,186,918Expenses 2014: $5,386,652Net Income 2014: -$199,7342014Revenue 2015: $18,115,815Expenses 2015: $6,113,615Net Income 2015: $12,002,2002015Revenue 2016: $7,032,408Expenses 2016: $8,184,731Net Income 2016: -$1,152,3232016Revenue 2018: $7,654,190Expenses 2018: $8,498,618Net Income 2018: -$844,4282018Revenue 2021: $6,566,881Expenses 2021: $6,413,062Net Income 2021: $153,8192021Revenue 2022: $8,892,840Expenses 2022: $7,071,044Net Income 2022: $1,821,7962022Revenue 2023: $7,580,726Expenses 2023: $7,821,184Net Income 2023: -$240,4582023

Highlighted filing

2023

Revenue$7,580,726
Expenses$7,821,184
Net Income-$240,458
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 24, 2024
Return Version
2022v5.0
Gross Receipts
$7,580,726
Mission and Program Overview

Mission

Carter burden network (cbn) promotes the well-being of older adults 60 and older through a continuum of services, advocacy, arts and culture, health and wellness, and volunteer programs, all oriented to individual, family and community needs. We are dedicated to supporting the efforts of older people to live safely and with dignity.

Carter burden network promotes the well-being of older adults 60 and older through a continuum of services, advocacy, arts and culture, health and wellness, and volunteer programs, all oriented to individual, family and community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,678,905$9,819,058▲ $140,153
Pledges and Grants Receivable$2,496,692$1,631,809▼ $864,883
Cash and Non-Interest-Bearing Accounts$435,617$1,415,035▲ $979,418
Land, Buildings, and Equipment, Net$250,161$795,484▲ $545,323
Accounts Receivable$31,327$75,881▲ $44,554
Savings and Temporary Cash Investments$29,733$28,886▼ $847
Prepaid Expenses and Deferred Charges$17,203$15,708▼ $1,495
Total Assets$12,961,894$16,992,402▲ $4,030,508
Other Assets Total$22,256$3,210,541▲ $3,188,285
Liabilities
Other Liabilities$43,474$3,218,526▲ $3,175,052
Accounts Payable and Accrued Expenses$350,885$1,012,683▲ $661,798
Deferred Revenue$330,201$339,701▲ $9,500
Escrow Account Liability$4,196$4,196→ $0
Total Liabilities$728,756$4,575,106▲ $3,846,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,668,114$8,608,169▼ $59,945
Net Assets With Donor Restrictions$3,565,024$3,809,127▲ $244,103
Total Net Assets Fund Balance$12,233,138$12,417,296▲ $184,158
Total Liabilities and Net Assets / Fund Balance$12,961,894$16,992,402▲ $4,030,508

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$795,484$533,592$1,329,076
Equipment$0$180,476$180,476
Other Land Buildings$0$168,759$168,759
Other Assets Org$3,188,285--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,324,258-▲ $280,188$149,665$3,454,781
2021$3,955,039-▼ $479,435$151,346$3,324,258
2020$3,448,997-▲ $638,922$132,880$3,955,039
2019$3,290,355-▲ $283,492$124,850$3,448,997
2018$3,119,721-▲ $292,754$122,120$3,290,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William DionneExecutive DirectorFT$296,257$29,489$325,746
Loy MulyagonjaCFOFT$136,476$21,523$157,999
Marlena VaccaroAssoc. Exec. DirectorFT$131,929$21,261$153,190
Velda MuradAssoc. Exec. DirectorPT$133,104$28$133,132

Highest Paid Contractors

ContractorServicesLocationCompensation
Dega SystemsOutsourced It Svcs350 7TH AVENUE RM 307, New York, NY 10001$103,301
Revenue and Support

Revenue Composition

Contributions and Grants
$6,910,837
Program Service Revenue
$126,698
Investment Income
$543,191
Other Revenue
$0
All Other Contributions
$1,225,143
Change in Net Assets
$-240,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,517,766
Revenue Not Reported on Financial Statements
$62,960
Revenue Not Reported on Form 990
$2,268,215
Total Revenue per Audited Statements
$9,785,981
Total Revenue per Form 990
$7,580,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,372,854
Other Expenses$2,403,330
Total Fundraising Expense$584,238
Professional Fundraising Fees$45,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,117,125$342,050$270,568$3,729,743
Other Employee Benefits$574,587$79,614$43,929$698,130
Fees for Services Other$463,593$70,746$5,103$539,442
Current Officers, Directors, Trustees, and Key Employees-$353,730$149,502$503,232
Occupancy$407,002$28,541-$435,543
Payroll Taxes$232,684$42,740$26,456$301,880
Pension Plan Contributions$114,452$14,270$11,147$139,869
Information Technology$90,582$16,207$5,940$112,729
Depreciation Depletion$77,936$30,496-$108,432
Insurance$75,402$13,088$2,202$90,692
Office Expenses$76,810$4,546$1,131$82,487
Fees for Service Investment Mgmnt Fees-$62,960-$62,960
Fees for Services Professional Fundraising--$45,000$45,000
Fees for Services Accounting-$42,750-$42,750
All Other Expenses$12,075$23,199$2,843$38,117
Other Expenses$10,768$5,471$12,184$28,423
Travel$19,870$1,234$98$21,202
Conferences and Meetings--$5,180$5,180
Total Functional Expenses$6,093,451$1,143,495$584,238$7,821,184

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,601,823
Total Expenses per Form 990$7,821,184
Expenses per Audited Statements$7,758,224
Expenses Not Reported on Form 990$1,843,599
Expenses Not Reported on Financial Statements$62,960
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$45,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabitlity$3,218,526
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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

Line 11b explanation - management reviewed a draft of the form 990 with the audit/executive committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the irs.

Form 990, Part VI, Section B, Line 12C

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interest party transactions.

Form 990, Part VI, Section B, Line 15A

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on.

Form 990, Part VI, Section C, Line 19

Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Carter Burden Network Inc
EIN
23-7129499
Phone
2128797400
Address
415 E 73RD STREET, NEW YORK, NY 10021

Signing Officer

Name
William Dionne
Title
Executive Director
Phone
2128797400
Signed
2024-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Dionne
Formed
1971
Legal Domicile
Ny
Voting Board Members
27
Independent Board Members
27
Employees
93
Volunteers
2,295

Preparer

Firm
Sax Llp
Address
1040 AVENUE OF THE AMERICAS 16TH, FLOOR, NEW YORK, NY 10018
Preparer
Mike Schall
Phone
2122682804
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization provides a money management assistance program to the homebound and elderly. As part of the program, the organization maintains a bank account on behalf of its clients.

PART V, LINE 4:

Cbn maintains donor-restricted funds whose purpose is to provide long term support for its charitable programs.

PART X, LINE 2:

The organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for the periods ended june 30, 2020 and later are subject to examination by applicable taxing authorities.

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IRS990/MissionDesc0CARTER BURDEN NETWORK (CBN) PROMOTES THE WELL-BEING OF OLDER ADULTS 60 AND OLDER THROUGH A CONTINUUM OF SERVICES, ADVOCACY, ARTS AND CULTURE, HEALTH AND WELLNESS, AND VOLUNTEER PROGRAMS, ALL ORIENTED TO INDIVIDUAL, FAMILY AND COMMUNITY NEEDS. WE ARE DEDICATED TO SUPPORTING THE EFFORTS OF OLDER PEOPLE TO LIVE SAFELY AND WITH DIGNITY.
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