Discover Long Island Inc
- Assets
- $4.5m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Hauppauge, NY
- Founding
- 09/1979
- Data as of
- 12/2021
- EIN
- 52-1137306
Organization Overview
Discover Long Island Inc is located in Hauppauge, NY. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Discover Long Island Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discover Long Island 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, Discover Long Island Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 1.5% 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.
Since 2015, Discover Long Island Inc has awarded 43 individual grants totaling $1,096,104. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVER LONG ISLAND, FORMERLY KNOWN AS LONG ISLAND CONVENTION & VISITORS BUREAU AND SPORTS COMMISSION (LICVB & SC) WAS ESTABLISHED IN 1978 AS THE OFFICIAL TOURISM PROMOTION AGENCY FOR THE DESTINATION'S TRAVEL AND TOURISM INDUSTRY. BASED ON LONG ISLAND IN HAUPPAUGE, NY, DISCOVER LONG ISLAND CONTRIBUTES TO THE ECONOMIC DEVELOPMENT AND QUALITY OF LIFE ON LONG ISLAND BY PROMOTING THE REGION AS A WORLD-CLASS DESTINATION FOR TOURISM, MEETINGS AND CONVENTIONS, TRADE SHOWS, SPORTING EVENTS, AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKETING DIVISION FOCUSES ON INFLUENCING LEISURE TRAVEL DECISIONS THROUGH A COMBINED USE OF DISCIPLINES INCLUDING CONSUMER ADVERTISING, INTERACTIVE AND ONLINE PUBLIC RELATIONS AND COLLATERAL DEVELOPMENT, AND INQUIRY FULFILLMENT. THE SALES DIVISION FOCUSES ON DEVELOPING THREE PRIMARY MARKET SEGMENTS THROUGH DIRECT SALES ACTIVITIES: MEETINGS AND CONVENTIONS, INTERNATIONAL TRAVEL TRADE AND SPORTING EVENTS. DIRECT SALES INITIATIVES AND STRATEGIES INCLUDE SALES MISSIONS, CLIENT SITE FAMILIARIZATIONS AND INSPECTIONS AND TRADE SHOW ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Reynolds President & CEO | 40 | $191,244 | |
Bryan Deluca Chairman | OfficerTrustee | 5 | $0 |
Nancy Costopulos Vice Chair | OfficerTrustee | 5 | $0 |
Mitchell Pally Secretary | OfficerTrustee | 5 | $0 |
Marc Weinstein Treasurer | OfficerTrustee | 5 | $0 |
Terri Alessi-Miceli Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dx Agency Advertising | 12/30/19 | $120,000 |
Blkdg Digital Services | 12/30/19 | $100,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,650 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,187,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,288,778 |
| Total Program Service Revenue | $2,967,602 |
| Investment income | $9,835 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,266,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,926 |
| 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. | $226,675 |
| Compensation of current officers, directors, key employees. | $18,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $278,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,790 |
| Fees for services: Accounting | $58,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,040 |
| Advertising and promotion | $1,113,761 |
| Office expenses | $32,680 |
| Information technology | $216,407 |
| Royalties | $0 |
| Occupancy | $114,577 |
| Travel | $26,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,114 |
| Insurance | $21,253 |
| All other expenses | $200,459 |
| Total functional expenses | $3,397,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,415,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,830,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,005 |
| Prepaid expenses and deferred charges | $128,670 |
| Net Land, buildings, and equipment | $62,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,417 |
| Total assets | $4,450,484 |
| Accounts payable and accrued expenses | $662,771 |
| Grants payable | $0 |
| Deferred revenue | $19,700 |
| 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 | $0 |
| Total liabilities | $682,471 |
| Net assets without donor restrictions | $3,768,013 |
| 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 | $4,450,484 |
Grants Awarded
Over the last fiscal year, Discover Long Island Inc has awarded $284,450 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Montauk, NY PURPOSE: promotion of long island | $59,743 |
HAMPTONS VISITORS COUNCIL PURPOSE: promotion of long island | $56,596 |
Riverhead, NY PURPOSE: promotion of long island | $40,000 |
Riverhead, NY PURPOSE: promotion of long island | $39,501 |
Riverhead, NY PURPOSE: promotion of long island | $27,915 |
Southold, NY PURPOSE: promotion of long island | $23,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA | $1,229,213 | $5,047,431 |
Independent Drivers Guild Inc Long Island City, NY | $5,104,857 | $7,835,962 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |