New York Law Institute
- Assets
- $10.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 01/1943
- Data as of
- 04/2023
- EIN
- 13-5600417
Organization Overview
New York Law Institute is located in New York, NY. The organization was established in 1943. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 04/2023, New York Law Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Law Institute 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 04/2023, New York Law Institute generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.9m during the year ending 04/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESEARCH SERVICES, CIRCULATION OF MATERIALS AND PROMOTION OF JURISPRUDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES LIBRARY SERVICES WHICH INCLUDES RESEARCH, CIRCULATION OF MATERIALS, DOCUMENT DELIVERY AND ACCESS TO ELECTRONIC RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart E Wurtzel Chair | OfficerTrustee | 1 | $0 |
Anthony P Amabile Secretary | OfficerTrustee | 1 | $0 |
Elizabeth S Stong Treasurer | OfficerTrustee | 1 | $0 |
Scott Bailey Board Member | Trustee | 1 | $0 |
Stacy J Kanter Board Member | Trustee | 1 | $0 |
Paul Michalski Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $1,667,509 |
| Investment income | $135,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,025 |
| 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 | $1,840,875 |
| 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. | $194,280 |
| Compensation of current officers, directors, key employees. | $50,152 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,583 |
| Pension plan accruals and contributions | $30,431 |
| Other employee benefits | $55,981 |
| Payroll taxes | $47,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,810 |
| Fees for services: Other | $26,037 |
| Advertising and promotion | $0 |
| Office expenses | $20,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $352,638 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,818 |
| Insurance | $26,576 |
| All other expenses | $0 |
| Total functional expenses | $1,947,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,607 |
| Savings and temporary cash investments | $51,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,326 |
| 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 | $73,576 |
| Net Land, buildings, and equipment | $66,566 |
| Investments—publicly traded securities | $4,172,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,288,175 |
| Total assets | $10,384,148 |
| Accounts payable and accrued expenses | $227,898 |
| Grants payable | $0 |
| Deferred revenue | $1,000,952 |
| 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 | $3,000 |
| Total liabilities | $1,231,850 |
| Net assets without donor restrictions | $9,031,025 |
| Net assets with donor restrictions | $121,273 |
| 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 | $10,384,148 |