Research Corporation Of Long Island Inc

Organization Overview

Research Corporation Of Long Island Inc is located in Kings Park, NY. The organization was established in 1992. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2023, Research Corporation Of Long Island Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Corporation Of Long Island Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Research Corporation Of Long Island Inc generated $161.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $268.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ORGANIZATION IS TO ENHANCE THE HEALTH OF VETERANS OF ALL GENERATIONS THROUGH RESEARCH AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN CONJUNCTION WITH THE NORTHPORT VA MEDICAL CENTER, THE RESEARCH CORPORATION OF LONG ISLAND, INC. SUPPORTS MEDICAL RESEARCH ON CONDITIONS PREVALENT IN THE VETERAN POPULATION INCLUDING CANCER, DIABETES, AND HYPERTENSION.


EDUCATION AND TRAINING ACTIVITIES INCLUDE WORK-RELATED EXPERIENCES DESIGNED TO IMPROVE THE PERFORMANCE OF CURRENT DUTIES, ASSIST IN MAINTAINING OR GAINING SPECIALIZED PROFICIENCIES, AND EXPAND UNDERSTANDING OF ADVANCES OR CHANGES IN PATIENT CARE, TECHNOLOGY, OR HEALTH CARE ADMINISTRATION.


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Board, Officers & Key Employees

Name (title)Compensation
Antonio Sanchez MD
Treasurer
$0
Charlene Thomesen MD
Board Member
$0
Richard Lin MD
Chairman
$0
Imran Baig MD
Board Member
$0
David Montrose PHD
Board Member
$0
Kenneth Shroyer MD PHD
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $72,261
All other contributions, gifts, grants, and similar amounts not included above$74,827
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$147,088
Total Program Service Revenue$3,000
Investment income $11,298
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 $161,386

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