Ll Global Inc Of Connecticut
- Assets
- $70.3m
- Revenue
- $52.8m
- Investments
- $0.0
- Employees
- 360
- Location
- Windsor, CT
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 26-1339203
Organization Overview
Ll Global Inc Of Connecticut is located in Windsor, CT. The organization was established in 2008. 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 12/2022, Ll Global Inc Of Connecticut employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ll Global Inc Of Connecticut 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 12/2022, Ll Global Inc Of Connecticut generated $52.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $52.6m during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEFITS TO THE INSURANCE INDUSTRY AS A WHOLE THROUGH RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LL GLOBAL, INC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A PROFESSIONAL AND TRADE ASSOCIATION THROUGH WHICH LIFE INSURANCE, HEALTH INSURANCE, AND OTHER COMPANIES AND PERSONS INVOLVED IN THE FINANCIAL SERVICES OR RETIREMENT SERVICES INDUSTRIES, MAY ENGAGE IN COOPERATIVE ACTIVITIES, HAVING AS THEIR AIM THE IMPROVEMENT OF SUCH COMPANIES AND THEIR OPERATION. THE PURPOSE OF THE CORPORATION SHALL INCLUDE, BUT IS NOT LIMITED TO, THE EXCHANGE OF IDEAS PERTAINING TO COMPANY OPERATIONS, MARKETING, DISTRIBUTION, COOPERATIVE RESEARCH PROJECTS AND EDUCATIONAL PROGRAMS RELATED TO SUCH COMPANIES AND THEIR OPERATIONS. IN FURTHERANCE OF ANY OR ALL THE FOREGOING ACTIVITIES AND PURPOSE, BUT SUBJECT TO THE RESTRICTIONS OF THE CERTIFICATE OF INCORPORATION, THE CORPORATION MAY ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE INFORMED UNDER THE NONSTOCK ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 5 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 33 | $2,839,902 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Director (beg Oct 2022) | Trustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Albano Systems Inc It And Project Management | 12/30/22 | $490,408 |
Darren Thomson Project Management | 12/30/22 | $180,000 |
Gp Strategies Corporation Educational Development | 12/30/22 | $156,401 |
Edwin Si Project Management | 12/30/22 | $126,000 |
Bosco Lau Project Management | 12/30/22 | $122,497 |
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 | $37,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,500 |
| Total Program Service Revenue | $51,967,868 |
| Investment income | $1,189,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$372,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,822,064 |
| 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. | $5,131,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,634,747 |
| Pension plan accruals and contributions | $1,203,346 |
| Other employee benefits | $5,622,471 |
| Payroll taxes | $2,088,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $304,747 |
| Fees for services: Accounting | $199,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,812,321 |
| Advertising and promotion | $21,483 |
| Office expenses | $3,607,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,157,546 |
| Travel | $668,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,051,860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,046,925 |
| Insurance | $323,443 |
| All other expenses | $0 |
| Total functional expenses | $52,598,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,409,971 |
| Savings and temporary cash investments | $2,675,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,379,756 |
| 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 | $3,012,941 |
| Net Land, buildings, and equipment | $5,354,590 |
| Investments—publicly traded securities | $35,095,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,392,110 |
| Total assets | $70,319,752 |
| Accounts payable and accrued expenses | $7,003,873 |
| Grants payable | $0 |
| Deferred revenue | $3,361,575 |
| 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 | $14,799,605 |
| Total liabilities | $25,165,053 |
| Net assets without donor restrictions | $45,154,699 |
| 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 | $70,319,752 |