2023-05-15T20:41:03-05:00 2022-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2021-07-01 853531873 NYC SCHOOL BUS UMBRELLA SERVICES INC NYCS 7183894241 297 NORMAN AVE BROOKLYN NY 11222 MATTHEW BERLIN CHIEF EXECUTIVE OFFICER 7183894241 2023-05-15 1 MATTHEW BERLIN 999009999 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MATTHEW BERLIN 297 NORMAN AVE BROOKLYN NY 11222 137829107 0 X WWW.NYCSBUS.COM X 2020 NY TO PROVIDE SERVICES TO STUDENTS OF NEW YORK CITY'S PUBLIC SCHOOL SYSTEM. 5 5 1717 5 0 0 0 0 6023173 137793120 0 35987 0 0 6023173 137829107 0 0 0 0 121963 96834280 0 0 0 5901210 40078610 6023173 136912890 0 916217 6098584 48273220 6098584 34599347 0 13673873 TO PROVIDE SERVICES TO STUDENTS OF NEW YORK CITY'S PUBLIC SCHOOL SYSTEM. 0 0 135039191 137793120 ON OCTOBER 29, 2001 NYCSBUS PURCHASED SCHOOL BUSES AND OTHER ASSETS FROM RELIANT TRANSPORTATION AND ON NOVEMBER 1 TOOK RESPONSIBILITY FOR THE APPROXIMATELY 800 NEW YORK CITY SCHOOL BUS ROUTES THAT HAD BEEN OPERATED BY RELIANT. NYCSBUS CONTRACTED BACK TO RELIANT TO PROVIDE MANAGEMENT SERVICES FOR THE COMPANY THROUGH MAY 28, 2022 AND ON MAY 30 NYCSBUS TOOK FULL RESPONSIBILITY FOR OPERATING THE COMPANY, PROVIDING STAFFING, VEHICLES, VEHICLE MAINTENANCE, DISPATCH, CALL CENTER, TRAINING AND THE ALL OTHER SERVICES PROVIDED BY SIMILAR SCHOOL BUS VENDORS TO THE NYC DEPARTMENT OF EDUCATION. 135039191 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 1717 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X BTQ FINANCIAL 2129012500 115 BROADWAY 19TH FLOOR NEW YORK NY 10006 KERRY GAO TREASURER 1.00 X X 0 0 0 LAUREN SICILIANO CHAIR (OUTGOING) 1.00 X X 0 0 0 NEYDA FRANCO-MARTINEZ BOARD MEMBER 1.00 X 0 0 0 PLACHIKKAT ANATHARAM BOARD MEMBER 1.00 X 0 0 0 ROBERT W LINN BOARD MEMBER 1.00 X 0 0 0 RUSSELL BUCKLEY CHAIR 1.00 X X 0 0 0 MATTHEW J BERLIN CHIEF EXEC. OFFICER 40.00 X 161827 0 0 ROBERT N STORELLICASTRO CHIEF FINANCE AND ADM. OFFICER 40.00 X 36385 0 9309 198212 0 9309 1 0 1 0 PATTERSON BELKNAP WEBB & TYLER LLP 1133 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL SERVICES 312911 BTQ FINANCIAL 115 BROADWAY 19TH FL NEW YORK NY 10006 FINANCIAL AND ACCOUNTING MANAGEMENT SERV 196101 2 SCHOOL BUSING REVENUE 480000 130463314 130463314 DOE CAPITAL REIMBURSEMENTS 480000 5466833 5466833 NYC DOE PASS-THROUGH REVENUE 480000 1862973 1862973 137793120 35987 35987 137829107 137793120 0 35987 445468 445468 67946172 66965249 980923 4227804 4157193 70611 16332255 16087210 245045 7882581 7750929 131652 246329 246329 12484685 12484685 1500 1500 55851 55851 68005 68005 1267410 1267410 9024 9024 224915 224915 3248269 3248269 11974556 11974556 VEHICLE MAINTENANCE 10188924 10188924 TRAINING AND ONBOARDING 163105 163105 MINOR EQUIP./HARDWARE 66696 66696 LETTER OF CREDIT FEES 50113 50113 29228 29228 136912890 135039191 1873699 0 70062 5105532 91859 6023173 1379429 15664039 16131457 2118924 0 14012533 5349 12019828 6098584 48273220 5907584 6023232 21663150 191000 0 0 6912965 6098584 34599347 X 0 -12930502 0 13846719 0 12757656 0 13673873 6098584 48273220 X 916217 12757656 X X 0 1 X 1 0 X X 1 CITY OF NY DEPARTMENT OF EDUCATION 136400434 6 1 0 136912890 1 0 136912890 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION A, LINE 2: THE ORGANIZATION'S SUPPORTED ORGANIZATION QUALIFIES UNDER SECTION 509(A)(1) AS AN ORGANIZATION DESCRIBED AS A GOVERNMENTAL UNIT REFERRED TO IN SECTION 170(C)(1). PART IV, SECTION D, LINE 3: THREE OF THE ORGANIZATION'S FIVE DIRECTORS ARE APPOINTED BY THE CHANCELLOR OF DEPARTMENT OF EDUCATION, ONE OF WHOM IS A PARENT REPRESENTATIVE TO THE NEW YORK CITY BOARD OF EDUCATION AND (II) THE REMAINING TWO DIRECTORS ARE THE CHANCELLOR (OR ACTING CHANCELLOR) OF THE CITY SCHOOL DISTRICT OF THE CITY OF NEW YORK OR THEIR DESIGNEE AND THE DIRECTOR OF MANAGEMENT AND BUDGET OF THE CITY OF NEW YORK OR THEIR DESIGNEE. ACCORDINGLY, THE SUPPORTED ORGANIZATION HAS A SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS. PART IV, SECTION E, LINE 2A: THE ORGANIZATION PASSES THE RESPONSIVENESS AND INTEGRAL PART TESTS REQUIRED TO BE A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. FIRST, THE SUPPORTED ORGANIZATION IS ADEQUATELY REPRESENTED IN THE GOVERNING BODY OF THE ORGANIZATION BECAUSE UNDER THE TERMS OF THE ORGANIZATION'S BYLAWS, (I) THREE OF THE ORGANIZATION'S FIVE DIRECTORS ARE APPOINTED BY THE CHANCELLOR OF DEPARTMENT OF EDUCATION, ONE OF WHOM IS A PARENT REPRESENTATIVE TO THE NEW YORK CITY BOARD OF EDUCATION AND (II) THE REMAINING TWO DIRECTORS ARE THE CHANCELLOR (OR ACTING CHANCELLOR) OF THE CITY SCHOOL DISTRICT OF THE CITY OF NEW YORK OR THEIR DESIGNEE AND THE DIRECTOR OF MANAGEMENT AND BUDGET OF THE CITY OF NEW YORK OR THEIR DESIGNEE. IN ADDITION, THE OFFICERS AND DIRECTORS OF THE ORGANIZATION MAINTAIN CLOSE CONTACT WITH THE SUPPORTED ORGANIZATION TO ENSURE THAT THE ORGANIZATION'S ACTIVITIES FURTHER THE GOALS OF THE CITY OF NEW YORK BY PROVIDING THE BUSING SERVICES AND RELATED ADMINISTRATIVE SUPPORT REQUIRED TO ADVANCE THE DEPARTMENT OF EDUCATION'S GOALS. PART IV, SECTION E, LINE 2B: IN ORDER TO MAKE AVAILABLE QUALITY EDUCATION FOR ALL STUDENTS, THE SUPPORTED ORGANIZATION NEEDS TO PROVIDE SAFE AND EFFECTIVE MEANS FOR STUDENTS, MANY OF WHOM COME FROM COMMUNITIES WITH HIGH POVERTY RATES, TO ATTEND SCHOOL. THE ORGANIZATION PROVIDES FULL SERVICE BUS SERVICES TO NEW YORK CITY STUDENTS. AMONG OTHER THINGS, IT EMPLOYS, TRAINS AND SUPPORTS BUS STAFF AND PROVIDES, MAINTAINS, EQUIPS AND FUELS SCHOOL BUSES. IT ALSO PERFORMS DISPATCH SERVICES AND PROVIDES CUSTOMER SERVICE AND OTHER ANCILLARY ACTIVITIES. ACCORDINGLY, SUBSTANTIALLY ALL OF THE ORGANIZATION'S ACTIVITIES ARE ACTIVITIES IN WHICH, BUT FOR THE ORGANIZATION'S INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NORMALLY BE INVOLVED. 16131457 2118924 14012533 14012533 REFUNDABLE SALES TAX 983204 SECURITY DEPOSITS 387015 LEASE ASSETS 6747151 RESTRICTED CASH 3902458 12019828 LEASE LIABILITY 6912965 6912965 150586763 12757656 12757656 137829107 0 137829107 136912890 0 136912890 0 136912890 PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK TO TAX ADJUSTMENT (SEE SCH O FOR DETAILS) X 0 0 0 0 0 0 0 0 0 MATTHEW J BERLIN CHIEF EXEC. OFFICER 161827 0 0 0 0 0 0 0 0 0 161827 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 5 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CHANCELLOR OF DEPARTMENT OF EDUCATION HAS THE ABILITY TO APPOINT THREE DIRECTORS. IN ADDITION, THE CHANCELLOR OR ACTING CHANCELLOR OF DEPARTMENT OF EDUCATION, AND THE DIRECTOR OF MANAGEMENT AND BUDGET OF THE CITY OF NEW YORK (OR THEIR DESIGNEES) SERVE AS DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT, AND REVIEWED BY THE AUDIT COMMITTEE. THE FORM 990 WAS NOT SHARED WITH THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS THE CONFICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS ESTABLISHED BY THE BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION SHARES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XI, LINE 9: BOOK TO TAX ADJUSTMENT (SEE SCHEDULE O FOR DETAILS) 12,757,656. FORM 990 PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART XI: NYCSBUS ENTERED INTO AN ASSET PURCHASE AGREEMENT WITH RELIANT TRANSPORTATION, INC. (THE "SELLER") ON JUNE 22, 2021, TO PROVIDE THE SCHOOL BUS SERVICES IN THE AREAS PREVIOUSLY SERVED BY THE SELLER FOR THE DOE TO FACILITATE NYCSBUS PERFORMANCE OF THE OPERATIONS, NYCSBUS ACQUIRED CERTAIN ASSETS FROM THE SELLER INCLUDING SERVICE VEHICLES/ BUSES VALUED AT APPROXIMATELY $10.8 MILLION THAT ARE INCLUDED IN DEPRECIABLE CAPITAL ASSETS, NET ON THE ACCOMPANYING STATEMENT OF NET POSITION; AND OTHER ASSETS INCLUDING UNRESTRICTED CASH AND CASH EQUIVALENTS AND SECURITY DEPOSITS VALUED AT APPROXIMATELY $2 MILLION AND THAT ARE INCLUDED IN OTHER INCOME IN THE GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND CHANGED IN FUND BALANCE. NYCSBUS ASSUMED CERTAIN LIABILITIES AND OBLIGATIONS OF THE SELLER VALUED AT APPROXIMATELY $12.8 MILLION FOR POTENTIAL FUTURE PENSION LIABILITIES THAT ARE INCLUDED IN RESTRICTED NET POSITION FOR POTENTIAL FUTURE PENSION LIABILITIES IN THE ACCOMPANYING STATEMENT OF NET POSITION, AND OTHER INCOME IN THE ACCOMPANY STATEMENT OF ACTIVITIES. AS A RESULT OF THE ASSET PURCHASE AGREEMENT, NYCSBUS INCURRED APPROXIMATELY $8 MILLION IN COSTS WHICH IS RECORDED WITHIN PROGRAM REVENUES AND PROFESSIONAL FEES ON THE STATEMENT OF ACTIVITIES.