Long Island Association Inc
- Assets
- $1.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Melville, NY
- Founding
- 05/1938
- Data as of
- 12/2021
- EIN
- 11-1617383
Organization Overview
Long Island Association Inc is located in Melville, NY. The organization was established in 1938. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Long Island Association Inc employed 10 individuals. This organization is the central organization for a national or regional group of organizations. Long Island Association 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 Association Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
LIA IS A BUSINESS MEMBERSHIP GROUP THAT SUPPORTS ECONOMIC DEVELOPMENT ON LONG ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIA IS THE REGION'S LEADING BUSINESS ORGANIZATION THAT AMPLIFIES THE VOICE OF THE BUSINESS COMMUNITY TO ENSURE A BRIGHT FUTURE FOR LONG ISLAND. THE LIA ADVOCATES FOR ECONOMIC DEVELOPMENT ON THE FEDERAL, STATE, AND LOCAL LEVELS OF GOVERNMENT; SUPPORTS ITS MEMBERS WITH THEIR COMPANY GROWTH AND RELATIONSHIP BUILDING; AND HOSTS PROMINENT EVENTS WITH BUSINESS AND GOVERNMENT LEADERS.
THE STRATEGIC COMMITTEES OF THE LIA SHAPE THE AGENDA FOR LONG ISLAND'S FUTURE AND HOLD EVENTS SO MEMBERS CAN NETWORK AND CONNECT WITH DECISION MAKERS. THE LIA ALSO HOSTS ANNUAL EVENTS WITH GLOBALLY RECOGNIZED AND INFLUENTIAL SPEAKERS, INCLUDING THE STATE OF THE REGION, EVENING OF HONORS, AND LUNCHEONS.
THE LIA IS A RESPECTED VOICE AND RESOURCE ON TOPICS CRITICAL TO LONG ISLAND'S ECONOMY THROUGH ITS ANNUAL POLICY PRIORITIES, RESEARCH REPORTS, PROGRAMS, AND ONGOING LEADERSHIP IN AREAS INCLUDING SUPPORTING SMALL BUSINESSES; ADDRESSING LONG ISLAND'S AFFORDABILITY; CREATING A MORE DIVERSE, EQUITABLE, AND INCLUSIVE LONG ISLAND; ADVOCATING FOR INFRASTRUCTURE INVESTMENTS; ADVANCING A CLEAN ENERGY ECONOMY; AND CULTIVATING INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin S Law President & CEO (thru 04/2021) | OfficerTrustee | 40 | $636,342 |
Matthew Cohen President & CEO (as Of 04/2021) | OfficerTrustee | 40 | $286,855 |
Michelle Byrne Chief Financial Officer | Officer | 40 | $149,218 |
David Fatizzo Membership Director | 40 | $112,059 | |
Stacey Sikes VP Of Govt Affairs & Communications | 40 | $107,632 | |
Lawrence J Waldman Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kivvit Media Campaign | 12/30/17 | $251,618 |
Pey Dirt Inc Guest Speakers | 12/30/17 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $181,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,000 |
| Total Program Service Revenue | $1,701,012 |
| Investment income | $138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,912,416 |
| 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. | $428,793 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,401 |
| Pension plan accruals and contributions | $54,371 |
| Other employee benefits | $96,995 |
| Payroll taxes | $73,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,989 |
| Fees for services: Accounting | $54,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,037 |
| Advertising and promotion | $27,924 |
| Office expenses | $40,147 |
| Information technology | $19,814 |
| Royalties | $0 |
| Occupancy | $218,310 |
| Travel | $6,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,423 |
| Insurance | $41,977 |
| All other expenses | $45,180 |
| Total functional expenses | $2,214,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,348,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,300 |
| 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 | $51,166 |
| Net Land, buildings, and equipment | $12,226 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,683 |
| Total assets | $1,464,761 |
| Accounts payable and accrued expenses | $152,155 |
| Grants payable | $0 |
| Deferred revenue | $701,729 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $853,884 |
| Net assets without donor restrictions | $610,877 |
| 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 | $1,464,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Long Island Association Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Local 338 Charities Inc Mineola, NY PURPOSE: CHARITABLE DONATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |