New York State Land Title Assn
- Assets
- $1.6m
- Revenue
- $770.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 13-5275230
Organization Overview
New York State Land Title Assn is located in New York, NY. The organization was established in 1944. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Land Title Assn 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, New York State Land Title Assn generated $770.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $678.2k during the year ending 12/2021. While expenses have increased by 0.9% 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
THE NEW YORK STATE LAND TITLE ASSOCIATION, INC. IS A NOT-FOR-PROFIT MEMBERSHIP ASSOCIATION THAT SERVES TO ADVANCE THE COMMON INTERESTS OF ALL THOSE ENGAGED IN THE BUSINESS OF ABSTRACTING, EXAMINING AND INSURING TITLES, AND OTHERWISE FACILITATING REAL ESTATE TRANSACTIONS AND INTERESTS THEREIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING AND LEGISLATIVE ADVOCACY:THE ASSOCIATION ACTIVELY MONITORS LEGISLATION AND PENDING REGULATIONS BY STATE AND LOCAL GOVERNMENTS. BILLS ENTERED IN THE STATE LEGISLATURE ARE REVIEWED AND WHEN DEEMED TO HAVE AN IMPACT ON THE CONCERNS OF TITLE INSURANCE, THE ASSOCIATION WILL ISSUE MEMORNADA IN SUPPORT OR OPPOSITION. THESE MEMOS SEEK TO INFORM AND ILLUMINATE THE ISSUES FOR THE MEMBERS OF THE ASSEMBLY AND SENATE THEREBY ENCOURAGING THEIR SUPPORT FOR THE BEST INTERESTS OF THE TITLE INDUSTRY AND CONSUMERS. THE ASSOCIATION MEETS REGULARLY WITH THE STATE INSURANCE DEPARTMENT TO ADDRESS TITLE INSURANCE ISSUES AND TO SERVE AS AN EXPERT SOURCE OF INFORMATION AND OPINION ON TITLE INSURANCE.
CONTINUING LEGAL EDUCATION:THE NYSLTA IS AN ACCREDITED PROVIDER OF CONTINUING LEGAL EDUCATION TO MEMBERS OF THE BAR IN NEW YORK STATE. THE ASSOCIATION PRESENTS EDUCATIONAL PROGRAMS TARGETING THE LEGAL ASPECTS OF TITLE INSURANCE, AN AREA SELDOM ADDRESSED IN OTHER CLE OFFERINGS ACROSS THE STATE. NON-MEMBERS MAY ATTEND THE CLE FOR A NOMINAL FEE.
COMMUNICATIONS CHANNEL:THEROUGH THE USE OF ITS BROADCAST CAPABILITY TO APPROXIMATELY 400 MEMBERS, PLUS A MONTHLY NEWSLETTER, THE ASSOCIATION RELAYS ANNOUNCEMENTS AND UPDATES FOR COUNTY CLERKS, MUNICIPALITIES, AND THE COURTS. AN INFORMAL "UP-STREAM" CHANNEL FROM ATTORNEYS, AGENTS, ABSTRACTERS AND EXAMINERS PROVIDES TIMELY INFORMATION FROM THEIR FIELD, WHICH THE ASSOCIATION BROADCASTS TO ITS MEMBERS. THIS EARLY NOTICE SYSTEM PROVIDES A UNIQUE BENEFIT AND SIGNIFICANT COMPETITIVE ADVANTAGE TO MEMBERS OF THE ASSOCIATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Treuber Executive Dir. | OfficerTrustee | 40 | $143,769 |
Stephen Vincini Chairperson, Title Sec. Title Sec. | Officer | 4 | $0 |
Eric Swarthout President Elect | Officer | 4 | $0 |
Richard Giliotti Chairperson Agts. | Officer | 4 | $0 |
Jean Partridge President Emeritus | Officer | 4 | $0 |
James Thanasules President | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $724,649 |
| 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 | $724,649 |
| Total Program Service Revenue | $34,575 |
| Investment income | $1,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $770,590 |
| 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. | $143,769 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,716 |
| Payroll taxes | $18,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,784 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $76,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,933 |
| Office expenses | $34,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,516 |
| Travel | $871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336 |
| Insurance | $8,910 |
| All other expenses | $30,284 |
| Total functional expenses | $678,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $804,711 |
| Savings and temporary cash investments | $712,715 |
| 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 | $85,489 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,603,445 |
| Accounts payable and accrued expenses | $8,173 |
| Grants payable | $0 |
| Deferred revenue | $340,810 |
| 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 | $36,177 |
| Total liabilities | $385,160 |
| Net assets without donor restrictions | $1,166,583 |
| Net assets with donor restrictions | $51,702 |
| 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 | $1,603,445 |
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