Civic Intelligence

Center for Financial Stability Inc

EIN 27-2106625 • 501(c)3 • New York, NY

Profile

The center for financial stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public. Cfs promotes a stronger and more stable financial system through bold, innovative and practical policy-oriented research, structured dialog, education and outreach to the public.

1120 Avenue Of The Americas FL 4New York, NY 10036

www.centerforfinancialstability.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

80%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$100,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

175%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

102%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,033,655

Up $1,928,947 (+175%) from 2023

Liabilities

Flat

$737

Flat from 2023

Net Assets

Up

$3,032,918

Up $1,928,947 (+175%) from 2023

Revenue

Up

$2,406,424

Up $1,214,598 (+102%) from 2023

Expenses

Up

$477,477

Up $263,461 (+123%) from 2023

Net Income

Up

$1,928,947

Up $951,137 (+97%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $239,314Liabilities 2014: $1,094Net Assets 2014: $238,2202014Assets 2015: $269,656Liabilities 2015: $1,343Net Assets 2015: $268,3132015Assets 2016: $214,339Liabilities 2016: $0Net Assets 2016: $214,3392016Assets 2017: $250,170Liabilities 2017: $3,033Net Assets 2017: $247,1372017Assets 2018: $201,174Liabilities 2018: $2,812Net Assets 2018: $198,3622018Assets 2019: $152,292Liabilities 2019: $12,146Net Assets 2019: $140,1462019Assets 2020: $178,513Liabilities 2020: $16,238Net Assets 2020: $162,2752020Assets 2021: $170,879Liabilities 2021: $4,880Net Assets 2021: $165,9992021Assets 2022: $126,581Liabilities 2022: $420Net Assets 2022: $126,1612022Assets 2023: $1,104,708Liabilities 2023: $737Net Assets 2023: $1,103,9712023Assets 2024: $3,033,655Liabilities 2024: $737Net Assets 2024: $3,032,9182024

Highlighted filing

2024

Assets$3,033,655
Liabilities$737
Net Assets$3,032,918

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $523,659Expenses 2014: $403,119Net Income 2014: $120,5402014Revenue 2015: $614,961Expenses 2015: $584,868Net Income 2015: $30,0932015Revenue 2016: $380,044Expenses 2016: $434,810Net Income 2016: -$54,7662016Revenue 2017: $477,164Expenses 2017: $443,574Net Income 2017: $33,5902017Revenue 2018: $135,537Expenses 2018: $184,312Net Income 2018: -$48,7752018Revenue 2019: $183,051Expenses 2019: $239,618Net Income 2019: -$56,5672019Revenue 2020: $341,212Expenses 2020: $319,083Net Income 2020: $22,1292020Revenue 2021: $237,968Expenses 2021: $234,244Net Income 2021: $3,7242021Revenue 2022: $166,169Expenses 2022: $206,007Net Income 2022: -$39,8382022Revenue 2023: $1,191,826Expenses 2023: $214,016Net Income 2023: $977,8102023Revenue 2024: $2,406,424Expenses 2024: $477,477Net Income 2024: $1,928,9472024

Highlighted filing

2024

Revenue$2,406,424
Expenses$477,477
Net Income$1,928,947

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$2,406,424
Mission and Program Overview

Mission

The center for financial stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public. Cfs promotes a stronger and more stable financial system through bold, innovative and practical policy-oriented research, structured dialog, education, and outreach to the public.

The center for financial stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public. Cfs promotes a stronger and more stable financial system through bold, innovative and practical policy-oriented research, structured dialog, education and outreach to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,104,708$2,156,366▲ $1,051,658
Total Assets$1,104,708$3,033,655▲ $1,928,947
Other Assets Total$0$877,289▲ $877,289
Liabilities
Accounts Payable and Accrued Expenses$737$737→ $0
Total Liabilities$737$737→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,103,971$3,032,918▲ $1,928,947
Total Net Assets Fund Balance$1,103,971$3,032,918▲ $1,928,947
Total Liabilities and Net Assets / Fund Balance$1,104,708$3,033,655▲ $1,928,947

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$877,289--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lawrence GoodmanPresident/treasurer/trustePT$100,000$100,000

Board Members and Trustees

NameTitle
Randal K QuarlesChair Advisory Board/trust
Barbara G NovickAdvisory Board Member
Charles GoodhartAdvisory Board Member
Eduardo AninatAdvisory Board Member
Guillermo OrtizAdvisory Board Member
Henry KaufmanAdvisory Board Member
Joyce ChangAdvisory Board Member
M Shafik GabrAdvisory Board Member
Myron ScholesAdvisory Board Member
Richard L SandorAdvisory Board Member
Sheila BairAdvisory Board Member
William R RhodesAdvisory Board Member
William W BradleyAdvisory Board Member
Peter N FlocosSecretary/trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,662,180
Program Service Revenue
$0
Investment Income
$138,069
Other Revenue
$606,175
All Other Contributions
$1,662,180
Change in Net Assets
$1,928,947

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$877,289Estimated
Total Noncash Contributions1$877,289-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,497
Salaries, Compensation, and Employee Benefits$234,980
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$140,000--$140,000
Other Salaries and Wages$94,980--$94,980
Conferences and Meetings$53,716--$53,716
Fees for Services Legal$50,335--$50,335
Travel$48,768--$48,768
Occupancy$48,212--$48,212
Fees for Services Other$34,558--$34,558
Information Technology$5,907--$5,907
Office Expenses$571--$571
Other Expenses$190--$190
Total Functional Expenses$477,477$0$0$477,477
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

The organization reviews a copy of the form 990 during a board meeting and approval is given prior to filing.

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

The corporation requires each of its officers and trustees annually (1) to review the corporation's conflict of interest policy (2) to disclose any possible personal, familial or business relationship that reasonably could give rise to a conflct of interest or the appearance of a conflict of interest; and (3) to acknowledge by his or her signature that he or she is acting in accordance with the letter and spirit of the policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, form 1023 and form 990 avaailable to the public upon request.

Filing and Contact Details

Filer

Filer Name
Center for Financial Stability Inc
EIN
27-2106625
Phone
2126262660
Address
1120 AVENUE OF THE AMERICAS FL 4, NEW YORK, NY 10036

Signing Officer

Name
Lawrence Goodman
Title
President
Phone
2126262660
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Goodman
Formed
2009
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
K&l Gates Llp
Address
210 SIXTH AVENUE, PITTSBURGH, PA 15222-2613
Preparer
Kathleen C Evans
Phone
4123556500
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0235886
IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIETY OF ECONOMIC MEASUREMENT (SEM) COMMITTEE EXISTS TO PROMOTE RESEACH ON ECONOMIC MEASUREMENT, USING THE MOST ADVANCED TOOLS FROM ECONOMIC THEORY, ECONOMETRICS, AGGREGATION THEORY, EXPERIMENTAL ECONOMICS, MATHEMATICS, AND STATISTICS AND TO FACILITTE COMMUNICATION AMONG RESEARCHERS N FIELDS AND METHODS THAT WILL ENHANCE THE DEVELOPEMENT OF OF ECONOMIC MEASUREMENT. TO PURSUE THESE OBJECTIVES, THE SEM SPONSORS SCIENTIFIC CONFERENCES AND WORKSHOPS. SEM HAS OVER 2,000 MEMBERS AND AFFIIATED RELATIONSHIPS WITH 11 ACADEMIC JOURNALS AND 3 MONOGRAPH SERIES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05705
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01191801
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt025
IRS990/PYOtherExpensesAmt098516
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0977810
IRS990/PYSalariesCompEmpBnftPaidAmt0115500
IRS990/PYTotalExpensesAmt0214016
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01191826
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01928947
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0606175
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0606175
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01104708
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02156366
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE CENTER FOR FINANCIAL STABILITY (CFS) DOES HAVE A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITING FUNDS FROM THE GENERAL PUBLIC. AN IMPORTANT ELEMENT OF THIS PROGRAM IS HOSTING AND PARTICIPATING IN AND SPEAKING AT CONFERENCES, SYMPOSIUMS, ETC. DURING THE FISCAL YEAR ENDED 06/30/22 THESE ACTIVITIES WERE LIMITED DUE TO COVID-19 AND THE GENERAL DOWNTURN IN THE ECONOMY. THESE ACTIVITIES HAVE RESUMED AND ARE ADDING TO THE PUBLIC AWARENESS AND SUPPORT OF THE ORGANIZATION. CFS MAINTAINS A WEBSITE THAT CONTINUOUSLY SUPPLIES INFORMATION AND PAPERS TO THE GENERAL PUBLIC, GOVERNMENT OFFICIALS AND FINANCIAL PRACTITIONERS TO BROADEN THE PUBLIC'S AWARENESS OF THE IMPORTANCE OF FINANCIAL STABILITY FOR THE HEALTH OF THE GLOBAL ECONOMY. THE CFS WEBSITE ALSO PROVIDES STATE-OF-THE ART MONETARY AND FINANCIAL DATA TO THE PUBLIC ON A MONTHLY BASIS FREE OF CHARGE. THE ORGANIZATION IS MOVING TO HIRE CONSULTANTS IN SUPPORT OF A PUBLIC MEMBERSHIP PROGRAM AND COMMUNICATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNUSUAL GRANTS RECEIVED IN FYE 06/30/24 $1,575,034.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 1
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0191801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0166162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0237948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0341120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01024177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0606165
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0606337
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.25240
IRS990ScheduleA/PublicSupportPY170Pct00.28500
IRS990ScheduleA/PublicSupportTotal170Amt0411513
IRS990ScheduleA/SubstantialContributorsTotAmt0612664
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0191801
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0166162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0237948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0341120
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01024177
IRS990ScheduleA/TotalSupportAmt01630514
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0877289
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0EOG RESOURCES MINERAL INTERESTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0877289
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0MINERAL INTEREST
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0ESTIMATED
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0877289
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVIEWS A COPY OF THE FORM 990 DURING A BOARD MEETING AND APPROVAL IS GIVEN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION REQUIRES EACH OF ITS OFFICERS AND TRUSTEES ANNUALLY (1) TO REVIEW THE CORPORATION'S CONFLICT OF INTEREST POLICY (2) TO DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLCT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS ACTING IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 1023 AND FORM 990 AVAAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01104708
IRS990/TotalAssetsEOYAmt03033655
IRS990/TotalAssetsGrp/BOYAmt01104708
IRS990/TotalAssetsGrp/EOYAmt03033655
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01662180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0477477
IRS990/TotalFunctionalExpensesGrp/TotalAmt0477477
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0737
IRS990/TotalLiabilitiesEOYAmt0737
IRS990/TotalLiabilitiesGrp/BOYAmt0737
IRS990/TotalLiabilitiesGrp/EOYAmt0737
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01103971
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03032918
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0477477
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt0744244
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02406424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01104708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03033655
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt048768
IRS990/TravelGrp/TotalAmt048768
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01120 AVE OF THE AMERICAS FL 4
IRS990/USAddress/CityNm0NY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.CENTERFORFINANCIALSTABILITY.ORG
IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0OUR ACCOUNTANT INDICATED SHE WOULD E-FILE THE EXTENSION REQUEST (IRS FORM 8868) PRIOR TO THE NOVEMBER 15, 2024 DUE DATE, AS SHE HAS DONE IN PRIOR YEARS. WE AND SHE BELIEVED SHE HAD TIMELY FILED THE EXTENSION AND WE WERE AND ARE PLANNING TO FILE THE RETURN PRIOR TO THE MAY 15. AS THE EXTESION REQUEST IS AUTOMATIC AND THE NON-FILING OF THE FORM 8868 WAS A FIRST TIME OVERSIGHT BY OUR ACCOUNTANT, WE BELIEVE WE HAVE REASONABLE CAUSE FOR LATE FILING AS WE BELIEVED WE HAD A VALID EXTENSION UNTIL MAY 15, 2025.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE GOODMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126262660
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTER FOR FINANCIAL STABILITY INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0272106625
ReturnHeader/Filer/PhoneNum02126262660
ReturnHeader/Filer/USAddress/AddressLine1Txt01120 AVENUE OF THE AMERICAS FL 4
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010036
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00

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