Long Island Builders Institute Inc
- Assets
- $791.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Islandia, NY
- Founding
- 07/1948
- Data as of
- 12/2021
- EIN
- 11-1524087
Organization Overview
Long Island Builders Institute Inc is located in Islandia, NY. The organization was established in 1948. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Long Island Builders Institute Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Builders Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Long Island Builders Institute Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ORGANIZATION SERVING THE NEEDS OF THE BUILDING INDUSTRY ON LONG ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP MEETINGS - TO PROVIDE OPPORTUNITIES FOR THE MEMBERS TO EXCHANGE VIEWS AND INFORMATION ABOUT BUILDING AND RELATED INDUSTRIES. ON AVERAGE 150 MEMBERS ATTEND EACH MEETING.
WORKERS COMPENSATION INSURANCE PROGRAM - TO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE ON A GROUP BASIS. INCOME IS CONSIDERED TO BE UNRELATED BUSINESS TAXABLE INCOME AND IS REPORTED ON FORM 990-T.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell Pally CEO | Officer | 40 | $375,000 |
Lois Fricke Operations D | 40 | $155,000 | |
Salvatore Ferro Chairman Of | Officer | 5 | $0 |
Peter Florey President | Officer | 5 | $0 |
Jim Coughlan Vice Preside | Officer | 5 | $0 |
Alan Kennemer Vice Preside | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,340 |
| Total Program Service Revenue | $1,439,810 |
| Investment income | $2,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $127,352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,652,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $375,000 |
| Compensation of current officers, directors, key employees. | $375,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,512 |
| Pension plan accruals and contributions | $24,671 |
| Other employee benefits | $58,591 |
| Payroll taxes | $37,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,165 |
| Travel | $25,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,079 |
| Insurance | $9,393 |
| All other expenses | $74,949 |
| Total functional expenses | $1,622,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,608 |
| Savings and temporary cash investments | $535,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,874 |
| Net Land, buildings, and equipment | $19,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $791,681 |
| Accounts payable and accrued expenses | $48,840 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $198,840 |
| Net assets without donor restrictions | $592,841 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $791,681 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Long Island Builders Institute Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Steven A Klar Foundation East Meadow, NY PURPOSE: GENERAL PURPOSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fuller Road Management Corporation Albany, NY | $601,969,946 | $4,855,956 |
New Jersey Manufacturing Extension Program Inc Cedar Knolls, NJ | $4,230,314 | $10,190,309 |
Transcom Inc Jersey City, NJ | $11,032,327 | $10,545,984 |
Object Management Group Inc Milford, MA | $2,365,622 | $6,803,088 |
Service Coordination Resources Inc Erie, PA | $0 | $3,464,640 |
New York City Industrial Technology Assistance Corporation New York, NY | $2,890,075 | $3,091,612 |
Metro Iaf Inc Jamaica, NY | $14,740,906 | $11,706,994 |
Long Island Builders Institute Inc Islandia, NY | $791,681 | $1,652,443 |
Callahan Management Training Center Inc Syracuse, NY | $786,025 | $1,731,889 |
Wireless Neighborhoods Pittsburgh, PA | $1,102,731 | $1,341,475 |
Builders Exchange Inc Rochester, NY | $3,756,209 | $1,721,485 |
Innovative Manufacturers Center Inc Williamsport, PA | $2,231,135 | $1,571,341 |