Licensing International Inc
- Assets
- $7.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 01/1981
- Data as of
- 12/2021
- EIN
- 13-3023588
Organization Overview
Licensing International Inc is located in New York, NY. The organization was established in 1981. 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, Licensing International Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Licensing International 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, Licensing International Inc generated $3.6m 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 (5.4%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
THE ORGANIZATION IS A TRADE ASSOC SERVING COMPANIES AND INDIDUALS IN THE LICENSING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES INFORMATION ON DEVELOPMENTS IN THE LICENSING INDUSTRY. THE ORGANIZATION SPONSORS TRADE SHOWS AND PRODUCES EDUCATIONAL SEMINARS AND CONFERENCES FOR ITS MEMBERS IN THE LICENSING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maura Regan President | Officer | 40 | $339,219 |
Gisela Abrams SVP - Global Partnership | Officer | 40 | $186,034 |
Marty Brochstein SVP - Industry Relations & | Officer | 40 | $169,647 |
Maria Ungaro VP - Member Engagement | Officer | 40 | $129,179 |
Virginia Mcguire Controller | Officer | 40 | $120,000 |
Steven Scebelo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
829 Llc Website Develop & Tech Servics | 12/30/18 | $146,000 |
Claire O'farrell Design Exhibit And Trade Show Designer | 12/30/18 | $200,400 |
Double Forte Public Relations | 12/30/18 | $123,016 |
Riotto Consulting Llc Consulting | 12/30/18 | $143,894 |
Brandar Consulting Llc Research & Writing For Annual Licensing | 12/30/18 | $116,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| 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 | $250,000 |
| Total Program Service Revenue | $2,773,218 |
| Investment income | $101,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $492,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,617,665 |
| 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. | $1,018,963 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,594 |
| Pension plan accruals and contributions | $53,133 |
| Other employee benefits | $125,219 |
| Payroll taxes | $96,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,658 |
| Fees for services: Accounting | $80,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,823 |
| Fees for services: Other | $114,312 |
| Advertising and promotion | $600 |
| Office expenses | $5,864 |
| Information technology | $127,013 |
| Royalties | $0 |
| Occupancy | $340,421 |
| Travel | $16,712 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,679 |
| Interest | $21,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,765 |
| Insurance | $19,042 |
| All other expenses | $103,229 |
| Total functional expenses | $3,328,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,944 |
| Savings and temporary cash investments | $1,721,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,040 |
| 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 | $191,408 |
| Net Land, buildings, and equipment | $77,890 |
| Investments—publicly traded securities | $4,141,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,175,189 |
| Accounts payable and accrued expenses | $251,240 |
| Grants payable | $0 |
| Deferred revenue | $1,319,908 |
| 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 | $833,278 |
| Total liabilities | $2,404,426 |
| Net assets without donor restrictions | $4,770,763 |
| 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 | $7,175,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Licensing International Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Shemesh Joester Foundation New York, NY PURPOSE: UNRESTRICTED DONATION FOR SUPPORT TO PROVIDE RESIDENTIAL SERVICES TO VULNERABLE HOMELESS | $100 |
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 |