NEW YORK COMPENSATION INSURANCE RATING BOARD: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK COMPENSATION INSURANCE RATING BOARD (EIN 13-0594020)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-25
- IRS object ID
- 202422999349300527
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-25T08:50:20-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITRIN COOPERMAN ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 180 PARK AVENUE SUITE 200 | AddressLine1Txt |
| City | FLORHAM PARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07932 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 130594020 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW YORK COMPENSATION INSURANCE RATING | BusinessNameLine1Txt |
| Business Name Line2 | BOARD | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWY | BusinessNameControlTxt |
| Phone | 2126973535 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 THIRD AVENUE 8TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VINCENT LICAUSE | PersonNm |
| Person Title | VP FINANCE AND ADMIN | PersonTitleTxt |
| Phone | 2126973535 | PhoneNum |
| Signature | 2024-10-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PAULA VUKSIC | PreparerPersonNm |
| PTIN | P00360739 | PTIN |
| Phone | 9732180500 | PhoneNum |
| Preparation | 2024-10-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | VINCENT LICAUSE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 THIRD AVENUE 8TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,501,640 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NYCIRB.ORG | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1914 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF LOSS COSTS AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 97 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $300,750 | PYContributionsGrantsAmt |
| CY Contributions Grants | $309,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $21,683,630 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,778,518 | CYProgramServiceRevenueAmt |
| PY Investment Income | $296,283 | PYInvestmentIncomeAmt |
| CY Investment Income | $414,122 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $22,280,663 | PYTotalRevenueAmt |
| CY Total Revenue | $23,501,640 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $15,275,079 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,385,805 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,005,018 | PYOtherExpensesAmt |
| CY Other Expenses | $7,836,184 | CYOtherExpensesAmt |
| PY Total Expenses | $21,280,097 | PYTotalExpensesAmt |
| CY Total Expenses | $23,221,989 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,000,566 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $279,651 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $29,742,755 | TotalAssetsBOYAmt |
| Total Assets EOY | $53,105,680 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,991,046 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $45,541,098 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,751,709 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,564,582 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE NEW YORK COMPENSATION INSURANCE RATING BOARD (THE "BOARD") IS A RATE-SERVICE ORGANIZATION LICENSED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES PURSUANT TO THE NEW YORK STATE INSURANCE LAW. THE BOARD COLLECTS AND COMPILES STATISTICAL DATA USED FOR THE DEVELOPMENT OF LOSS COSTS AND CLASSIFICATIONS, RATING PLANS, AND FORMS OF COVERAGE, SUBJECT TO APPROVAL BY THE NEW YORK STATE SUPERINTENDENT OF FINANCIAL SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | TO COLLECT LOSS, PREMIUM AND PAYROLL DATA FROM CARRIERS, SUMMARIZE AND ANALYZE THE DATA, AND DEVELOP AN ADEQUATE PRICING STRUCTURE FOR WORKERS COMPENSATION INSURANCE CARRIERS IN NEW YORK STATE FOR SUBMISSION TO THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. THE RATING BOARD ALSO CONDUCTS ACTUARIAL RESEARCH FOR THE BENEFIT OF THE NEW YORK STATE WORKERS' COMPENSATION MARKETPLACE AND STAKEHOLDERS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 97 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VINCENT LICAUSE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2126973535 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 THIRD AVENUE 8TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10022 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Institutional TrusteeInstitutionalTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JEREMY ATTIE | ||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | Yes (X) | $623,377 | $0 | $17,010 | ||
| ZIV KIMMEL | ||||||||
| SR. VICE PRESIDENT | 40.00 | Yes (X) | Yes (X) | $414,941 | $0 | $60,920 | ||
| MITCHELL TENZER | ||||||||
| VICE PRESIDENT OF IT | 40.00 | Yes (X) | Yes (X) | $240,098 | $0 | $55,361 | ||
| VINCENT LICAUSE | ||||||||
| VICE PRESIDENT OF FINANCE & ADMINISTRATION | 40.00 | Yes (X) | Yes (X) | $220,986 | $0 | $25,828 | ||
| SUSIE PATRICIELLO | ||||||||
| VICE PRESIDENT OF HR | 40.00 | Yes (X) | Yes (X) | $195,150 | $0 | $8,353 | ||
| MARK BATTISTELLI | ||||||||
| VICE PRESIDENT OF UNDERWRITING | 40.00 | Yes (X) | Yes (X) | $223,027 | $0 | $56,051 | ||
| DAVE KNIGHT | ||||||||
| VICE PRESIDENT OF OPERATIONS | 40.00 | Yes (X) | Yes (X) | $226,348 | $0 | $64,644 | ||
| GUO HARRISON | ||||||||
| DIRECTOR | 40.00 | Yes (X) | $285,183 | $0 | $34,008 | |||
| BENJAMIN T WITKOWSKI | ||||||||
| DIRECTOR | 40.00 | Yes (X) | $273,148 | $0 | $78,642 | |||
| BRETT KING | ||||||||
| DIRECTOR | 40.00 | Yes (X) | $284,161 | $0 | $45,121 | |||
| NYS WORKERS' COMPENSATION BOARD | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| NYS AFL-CIO | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| NYS BUSINESS COUNCIL | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| NYS DEPARTMENT OF FINANACIAL SERVICES | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| THE NY STATE INSURANCE FUND | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| AMERICAN HOME ASSURANCE COMPANY | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| HARTFORD ACCIDENT AND INDEMNITY COMPA | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| TECHNOLOGY INSURANCE COMPANY INC | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| TRAVELERS INDEMNITY CO | ||||||||
| INSTITUTIONAL TRUSTEE | 5.00 | $0 | $0 | $0 | Yes (X) | |||
| GAETANO DALESSIO | ||||||||
| DEVELOPER MANAGER/SOLUTION | 40.00 | $188,107 | $0 | $45,073 | Yes (X) | |||
| CHENJUN MOHIN | ||||||||
| ACTUARIAL MGR | 40.00 | $189,743 | $0 | $34,008 | Yes (X) | |||
| NASIM SHAMAILOV | ||||||||
| DIRECTOR | 40.00 | $169,381 | $0 | $37,043 | Yes (X) | |||
| GONXHE BAJRAMI | ||||||||
| DIRECTOR | 40.00 | $173,669 | $0 | $8,620 | Yes (X) | |||
| GODFREY FANDIALAN | ||||||||
| DIRECTOR | 40.00 | $158,986 | $0 | $22,824 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,866,305 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $593,506 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SLALOM INC | |||||
| PO BOX 101416 | PASADENA | CA | 91189 | IT CONSULTING | $835,557 |
| EVENSONBEST | |||||
| 55 5TH AVE | NEW YORK | NY | 10003 | OFFICE FURNITURE | $622,033 |
| SPECTRUM PARTNERS LLC | |||||
| SUITE 450 | EDINA | MN | 55435 | IT CONSULTING | $431,250 |
| FARRAGUT | |||||
| 2775 MERIDAN PKWY | DURHAN | NC | 27713 | IT CONSULTING | $416,179 |
| CONVENE | |||||
| 1221 AVE OF AMERICAS | NEW YORK | NY | 10020 | MEETING VENUE | $281,224 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $309,000 | MembershipDuesAmt |
| Total Contributions | $309,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROVISIONAL ASSESSMENTS | 900099 | $20,506,958 | $20,506,958 |
| OTHER FEES | 900099 | $1,756,757 | $1,756,757 |
| OVERDUE REPORTS | 900099 | $514,803 | $514,803 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,778,518 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $375,459 | TotalRevenueColumnAmt |
| Exclusion | $375,459 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,663 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $38,663 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,663 | TotalRevenueColumnAmt |
| Exclusion | $38,663 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,501,640 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,778,518 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $414,122 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,438,969 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,828,229 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,705,587 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,686,471 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $726,549 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,537 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,615 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,529 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $581,726 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $458,677 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,963,690 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,081,338 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,821 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,935 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,140 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,897 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DUES AND SUBSCRIPTIONS | $325,420 |
| COMMERCIAL RENT AND SAL | $253,051 |
| REPAIRS AND MAINTENANCE | $150,014 |
| DATA PROCESSING SERVICE | $134,049 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $745 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,221,989 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,628,608 | BOYAmt |
| EOY | $7,078,673 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,754 | BOYAmt |
| EOY | $2,050,894 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $588,852 | BOYAmt |
| EOY | $716,026 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,299,847 | BOYAmt |
| EOY | $2,058,164 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,913,039 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,741,821 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $669,794 | BOYAmt |
| EOY | $2,171,218 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,292,592 | BOYAmt |
| EOY | $11,424,661 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $976,382 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,250,308 | BOYAmt |
| EOY | $26,629,662 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,742,755 | BOYAmt |
| EOY | $53,105,680 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,031,333 | BOYAmt |
| EOY | $2,026,771 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,959,713 | BOYAmt |
| EOY | $43,514,327 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,991,046 | BOYAmt |
| EOY | $45,541,098 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,751,709 | BOYAmt |
| EOY | $7,564,582 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,751,709 | BOYAmt |
| EOY | $7,564,582 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,742,755 | BOYAmt |
| EOY | $53,105,680 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $279,651 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $675,625 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,142,403 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | Yes (1) | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (1) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,779,607 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,032,693 | DepreciationAmt |
| Book Value | $746,914 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $889,366 | OtherCostOrOtherBasisAmt |
| Depreciation | $709,128 | DepreciationAmt |
| Book Value | $180,238 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,244,066 | OtherCostOrOtherBasisAmt |
| Book Value | $1,244,066 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,171,218 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER ASSETS | Desc |
| Book Value | $26,629,662 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $26,629,662 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED PENSION COST | $6,980,478 |
| ACCRUED POSTRETIREMENT HEALTH AND OTHER BENEFITS | $7,473,997 |
| CONTRACT LIABILITIES | $227,950 |
| OPERATING LEASE LIABILITIES | $28,831,902 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $43,514,327 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $24,128,736 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $675,625 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $675,625 | RevenueNotReportedAmt |
| Revenue Subtotal | $23,453,111 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $48,529 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $48,529 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $23,501,640 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $23,173,460 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $23,173,460 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $48,529 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $48,529 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $23,221,989 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MANAGEMENT HAS EVALUATED THE BOARD'S TAX POSITIONS AND BELIEVES THAT THE BOARD HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEREMY ATTIE | ||||||||||||||
| PRESIDENT/CEO | $498,377 | $0 | $125,000 | $0 | $0 | $0 | $14,850 | $0 | $2,160 | $0 | $640,387 | $0 | $0 | $0 |
| ZIV KIMMEL | ||||||||||||||
| SR. VICE PRESIDENT | $339,941 | $0 | $75,000 | $0 | $0 | $0 | $14,850 | $0 | $46,070 | $0 | $475,861 | $0 | $0 | $0 |
| BENJAMIN T WITKOWSKI | ||||||||||||||
| DIRECTOR | $232,602 | $0 | $40,546 | $0 | $0 | $0 | $33,203 | $0 | $45,439 | $0 | $351,790 | $0 | $0 | $0 |
| BRETT KING | ||||||||||||||
| DIRECTOR | $247,788 | $0 | $36,373 | $0 | $0 | $0 | $13,287 | $0 | $31,834 | $0 | $329,282 | $0 | $0 | $0 |
| GUO HARRISON | ||||||||||||||
| DIRECTOR | $249,705 | $0 | $35,478 | $0 | $0 | $0 | $32,623 | $0 | $1,385 | $0 | $319,191 | $0 | $0 | $0 |
| MITCHELL TENZER | ||||||||||||||
| VICE PRESIDENT OF IT | $199,805 | $0 | $40,293 | $0 | $0 | $0 | $9,728 | $0 | $45,633 | $0 | $295,459 | $0 | $0 | $0 |
| DAVE KNIGHT | ||||||||||||||
| VICE PRESIDENT OF OPERATIONS | $200,125 | $0 | $26,223 | $0 | $0 | $0 | $27,436 | $0 | $37,208 | $0 | $290,992 | $0 | $0 | $0 |
| MARK BATTISTELLI | ||||||||||||||
| VICE PRESIDENT OF UNDERWRITING | $202,720 | $0 | $20,307 | $0 | $0 | $0 | $24,368 | $0 | $31,683 | $0 | $279,078 | $0 | $0 | $0 |
| VINCENT LICAUSE | ||||||||||||||
| VICE PRESIDENT OF FINANCE & ADMINIST | $199,536 | $0 | $21,450 | $0 | $0 | $0 | $10,235 | $0 | $15,593 | $0 | $246,814 | $0 | $0 | $0 |
| GAETANO DALESSIO | ||||||||||||||
| DEVELOPER MANAGER/SOLUTION | $169,697 | $0 | $18,410 | $0 | $0 | $0 | $7,958 | $0 | $37,115 | $0 | $233,180 | $0 | $0 | $0 |
| CHENJUN MOHIN | ||||||||||||||
| ACTUARIAL MGR | $166,525 | $0 | $23,218 | $0 | $0 | $0 | $8,212 | $0 | $25,796 | $0 | $223,751 | $0 | $0 | $0 |
| NASIM SHAMAILOV | ||||||||||||||
| DIRECTOR | $154,252 | $0 | $15,129 | $0 | $0 | $0 | $5,497 | $0 | $31,546 | $0 | $206,424 | $0 | $0 | $0 |
| SUSIE PATRICIELLO | ||||||||||||||
| VICE PRESIDENT OF HR | $176,450 | $0 | $18,700 | $0 | $0 | $0 | $7,453 | $0 | $900 | $0 | $203,503 | $0 | $0 | $0 |
| GONXHE BAJRAMI | ||||||||||||||
| DIRECTOR | $157,910 | $0 | $15,759 | $0 | $0 | $0 | $7,801 | $0 | $819 | $0 | $182,289 | $0 | $0 | $0 |
| GODFREY FANDIALAN | ||||||||||||||
| DIRECTOR | $145,126 | $0 | $13,860 | $0 | $0 | $0 | $7,383 | $0 | $15,441 | $0 | $181,810 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION WAS FORMED AS A MEMBERSHIP ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE PRIVATE CARRIER REPRESENTATIVES OF THE BOARD OF GOVERNORS, NOMINATING COMMITTEE, UNDERWRITING COMMITTEE, AND ACTUARIAL COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY CHANGES TO THE CONSTITUTION RECOMMENDED BY THE BOARD REQUIRES THE APPROVAL OF THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS EMAILED TO THE ADMINISTRATION COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD OF GOVERNORS, FOR REVIEW AND APPROVAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF THE BOARD OF GOVERNORS AND COMMITTEES MUST ANNUALLY SIGN A CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT STATEMENT, WHICH IS KEPT ON FILE AT THE RATING BOARD'S OFFICE. AT EACH BOARD MEETING, THE NYCIRB PRESIDENT RECITES THE ANTITRUST COMPLIANCE POLICY STATEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF GOVERNORS APPROVES THE NYCIRB'S ANNUAL OVERALL BUDGET, WHICH INCLUDES THE ORGANIZATION'S SALARY BUDGET. THE BOARD OF GOVERNORS HAS DELEGATED THE DETERMINATION OF THE COMPENSATION FOR THE PRESIDENT AND CEO, AS WELL AS THE CHIEF ACTUARY, TO THE ADMINISTRATION COMMITTEE, WHICH IS A SUBCOMMITTEE OF THE BOARD OF GOVERNORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE NYCIRB'S WEBSITE. THE ORGANIZATION'S CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT STATEMENT, THE ANTITRUST COMPLIANCE POLICY STATEMENT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ADJUSTMENTS TO UNRESTRICTED NET ASSETS: -PENSION RELATED CHANGES - OTHER THAN PERIODIC COSTS -1,731,930. OTHER ADJUSTMENTS: -PENSION RELATED CHANGES - PERIODIC CREDIT -686,172. -POSTRETIREMENT - NET PERIODIC CREDIT 1,275,699. |