Long Island Chapter is located in Mineola, NY. The organization was established in 1974. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Long Island Chapter employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Chapter 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 Chapter generated $295.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $356.6k during the year ending 12/2021. While expenses have increased by 5.5% 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
PROVIDE EDUCATION, SUPPORT, AND TRAINING TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOW
AWARDS RECOGNITION DINNER
MEETINGS AND NETWORKING EVENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Lomonte Former Director | Trustee | 40 | $106,489 |
Graciela Carillo Past President | Officer | 10 | $0 |
Gary Hansen Presidnt | Officer | 10 | $0 |
Kenneth Gehringer President-Elect/past Treasurer | Officer | 10 | $0 |
Thomas Scotto Jr Secretary | Officer | 10 | $0 |
Renee Marcus Treasurer | Officer | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $118,408 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $118,408 |
Total Program Service Revenue | $97,992 |
Investment income | $13,258 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $45,002 |
Net Income from Fundraising Events | $8,514 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $12,702 |
Miscellaneous Revenue | $0 |
Total Revenue | $295,876 |
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. | $106,489 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $54,724 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $6,326 |
Payroll taxes | $15,820 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,775 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $13,389 |
Fees for services: Other | $11,274 |
Advertising and promotion | $3,600 |
Office expenses | $8,621 |
Information technology | $10,291 |
Royalties | $0 |
Occupancy | $17,655 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $85,141 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $963 |
Insurance | $904 |
All other expenses | $0 |
Total functional expenses | $356,552 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $89,650 |
Savings and temporary cash investments | $14,889 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $1,920 |
Net Land, buildings, and equipment | $9,916 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $783,008 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $899,383 |
Accounts payable and accrued expenses | $411 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $27,970 |
Total liabilities | $28,381 |
Net assets without donor restrictions | $871,002 |
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 | $899,383 |
Organization Name | Assets | Revenue |
---|---|---|
American Council Of Learned Societies New York, NY | $199,575,071 | $37,439,846 |
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |