LONG ISLAND ASSOCIATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LONG ISLAND ASSOCIATION INC (EIN 11-1617383)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201323199349304252
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T10:46:38-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111617383 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Long Island Association Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % PAULA CALAME | InCareOfName |
| Name Control | LONG | NameControl |
| Phone | 6314933000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Broadhollow Road | AddressLine1 |
| Address Line2 | Suite 110W | AddressLine2 |
| City | Melville | City |
| State | NY | State |
| ZIP Code | 117474840 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Paula Calame | Name |
| Title | CFO | Title |
| Phone | 6314933000 | Phone |
| Date Signed | 2013-11-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Kevin S Law | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 BROADHOLLOW ROAD | AddressLine1 |
| City | Melville | City |
| State | NY | State |
| ZIP Code | 11747 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3441050 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | longislandassociation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1926 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE LIA is a NON-profit chamber of commerce and business membership group that advocates to make Long Island a great place to live, work and do business. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 60 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 58 | NbrIndependentVotingMembers |
| Total Nbr Employees | 13 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 41050 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 405434 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2573930 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2449655 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7111 | InvestmentIncomePriorYear |
| Investment Income Current Year | 453168 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 145562 | OtherRevenuePriorYear |
| Other Revenue Current Year | 112204 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2767653 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3420461 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1303116 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1350758 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1077446 | OtherExpensePriorYear |
| Other Expenses Current Year | 1364143 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2380562 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2714901 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 387091 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 705560 | RevenuesLessExpensesCY |
| Total Assets BOY | 1489516 | TotalAssetsBOY |
| Total Assets EOY | 1913722 | TotalAssetsEOY |
| Total Liabilities BOY | 1955016 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1433179 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -465500 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 480543 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE LONG ISLAND ASSOCIATION'S (LIA) MISSION IS TO LEAD AND UNIFY THE REGION IN ORDER TO STRENGTHEN LONG ISLAND AS A PLACE TO LIVE, WORK AND DO BUSINESS. THE LIA WAS FOUNDED IN 1926 AND IS ONE OF THE LARGEST BUSINESS ORGANIZATIONS IN THE LONG ISLAND REGION AND IN NEW YORK STATE. THE LIA'S MEMBERSHIP IS COMPRISED OF BUSINESSES, LABOR UNIONS, UNIVERSITIES, NOT-FOR-PROFITS, GOVERNMENT AGENCIES AND CIVIC GROUPS WHICH EMPLOY A SIGNIFICANT NUMBER OF LONG ISLAND'S WORKFORCE. THE LONG ISLAND ASSOCIATION: - ACTIVELY ADVOCATES THE INTERESTS OF, AND PROMOTES COOPERATION AMONG, THE BUSINESS, LABOR, EDUCATIONAL, SCIENTIFIC, TECHNOLOGY, NOT-FOR-PROFIT AND CIVIC COMMUNITIES. - SEEKS TO CREATE AND RETAIN BALANCED ECONOMIC OPPORTUNITIES AND JOBS IN A CLEAN, HEALTHY AND SAFE ENVIRONMENT. - AS LONG ISLAND'S CHAMBER OF COMMERCE, PROVIDES VALUABLE SERVICES AND PROGRAMS/REPRESENTATION TO ITS MEMBERSHIP ORGANIZATIONS, PARTICULARLY THE SMALL BUSINESS COMMUNITY. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 0 | Expense |
| Description | The LIA is the organization looked to both on and off the Island to articulate Long Island's needs and its future direction. It works closely with organizations throughout the state and the country to ensure a prosperous future for the region. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 0 | Expense |
| Description | The Association's largest event is the LIA Annual Awards Gala. The Gala is one of Long Island's largest business and social events. This formal black tie dinner dance honors corporate leaders and companies that have made Long Island a better place to live and work. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 0 | Expense |
| Description | The Association's Annual Meeting & Fall Luncheon showcase nationally renowned speakers, providing insights into local, national, and world events. The Luncheons are attended by Long Island's CEO's, presidents, and senior level executives and their guests. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 0 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | true | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 13 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | true | NonDeductibleContributions |
| Non Deductible Disclosure | true | NonDeductibleDisclosure |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 60 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 58 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PAULA CALAME | NamePerson |
| Telephone Number | 6314933027 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 BROADHOLLOW ROAD | AddressLine1 |
| City | MELVILLE | City |
| State | NY | State |
| ZIP Code | 11747 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (64 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Kevin S Law | |||||||
| President & CEO | 40.0 | X | X | 408122 | 0 | 45087 | |
| JEFFREY D ALTER | |||||||
| Director | 1.0 | X | |||||
| SAMUEL H ARONSON | |||||||
| Director | 1.0 | X | |||||
| GENE MBERNSTEIN | |||||||
| Director | 1.0 | X | |||||
| BARRY GARFIELD | |||||||
| Director | 1.0 | X | |||||
| DAN FINKE | |||||||
| Director | 1.0 | X | |||||
| JOHN BRUCKNER | |||||||
| Director | 1.0 | X | |||||
| CALVIN O BUTTS III | |||||||
| Director | 1.0 | X | |||||
| ERNEST G CANADEO | |||||||
| Director | 1.0 | X | |||||
| ROBERT B CATELL | |||||||
| Director | 1.0 | X | |||||
| JOHN T COSTANZO | |||||||
| Director | 1.0 | X | |||||
| FRANK CRIVELLO | |||||||
| Director | 1.0 | X | |||||
| BRIAN C CULLEN | |||||||
| Director | 1.0 | X | |||||
| ANTHONY N DALESSIO | |||||||
| Director | 1.0 | X | |||||
| HARRY E DAVITIAN | |||||||
| Director | 1.0 | X | |||||
| MICHAEL J DOWLING | |||||||
| Director | 1.0 | X | |||||
| JOHN R DURSO | |||||||
| Director | 1.0 | X | |||||
| TRACEY EDWARDS | |||||||
| Director | 1.0 | X | |||||
| MICHAEL L FALTISCHEK ESQ | |||||||
| Director | 1.0 | X | |||||
| MARK FASCIANO | |||||||
| Director | 1.0 | X | |||||
| ESTHER FORTUNOFF | |||||||
| Director | 1.0 | X | |||||
| KEVIN GERSHOWITZ | |||||||
| Director | 1.0 | X | |||||
| CHRISTOPHER GIAMO | |||||||
| Director | 1.0 | X | |||||
| ARTHUR GIANELLI | |||||||
| Director | 1.0 | X | |||||
| KATHERINE HEAVISIDE | |||||||
| Director | 1.0 | X | |||||
| PHYLLIS HILL SLATER | |||||||
| Director | 1.0 | X | |||||
| HENRY HOLLEY | |||||||
| Director | 1.0 | X | |||||
| FRANK INGRASSIA | |||||||
| Director | 1.0 | X | |||||
| ROBERT A ISAKSEN | |||||||
| Director | 1.0 | X | |||||
| FRED GROSER | |||||||
| Director | 1.0 | X | |||||
| MICHAEL T KEENAN | |||||||
| Director | 1.0 | X | |||||
| JOHN KOMINICKI | |||||||
| Director | 1.0 | X | |||||
| KIRK KORDELESKI | |||||||
| Director | 1.0 | X | |||||
| SEYMOUR LIEBMAN | |||||||
| Director | 1.0 | X | |||||
| PAUL MARKWARDT | |||||||
| Director | 1.0 | X | |||||
| LOUIS MASTRIANNI | |||||||
| Director | 1.0 | X | |||||
| MICHAEL MATURO | |||||||
| Director | 1.0 | X | |||||
| ZACHARY MAYO | |||||||
| Director | 1.0 | X | |||||
| CAROLYN MAZZENGA | |||||||
| Director | 1.0 | X | |||||
| PATRICIA MCMAHON | |||||||
| Director | 1.0 | X | |||||
| PAULE T PACHTER | |||||||
| Director | 1.0 | X | |||||
| PHILIP PANARELLI | |||||||
| Director | 1.0 | X | |||||
| CRISLER QUICK | |||||||
| Director | 1.0 | X | |||||
| STUART RABINOWITZ | |||||||
| Director | 1.0 | X | |||||
| ELLEN S RUDIN | |||||||
| Director | 1.0 | X | |||||
| PAUL J SALERNO | |||||||
| Director | 1.0 | X | |||||
| BOB SANDERS | |||||||
| Director | 1.0 | X | |||||
| JACOB LAMM | |||||||
| Director | 1.0 | X | |||||
| ROGER SAVELL | |||||||
| Director | 1.0 | X | |||||
| WILLIAM M SAVINO | |||||||
| Director | 1.0 | X | |||||
| LOIS CARTER SCHLISSEL | |||||||
| Director | 1.0 | X | |||||
| ROBERT A SCOTT | |||||||
| Director | 1.0 | X | |||||
| TAD SMITH | |||||||
| Director | 1.0 | X | |||||
| SAMUEL L STANLEY JR MD | |||||||
| Director | 1.0 | X | |||||
| BRUCE STILLMAN | |||||||
| Director | 1.0 | X | |||||
| CHARLES M STRAIN | |||||||
| Director | 1.0 | X | |||||
| MICHAEL N VITTORIO | |||||||
| Director | 1.0 | X | |||||
| LAWRENCE J WALDMAN | |||||||
| Director | 1.0 | X | |||||
| HELENA E WILLIAMS | |||||||
| Director | 1.0 | X | |||||
| MIRIAM B TANENBAUM | |||||||
| DIRECTOR | 1.0 | X | |||||
| Barbara Legname | |||||||
| VP of Major Events | 40.0 | X | 165758 | 0 | 7897 | ||
| Paula Calame | |||||||
| Chief Financial Officer | 40.0 | X | 170195 | 0 | 1700 | ||
| Matthew Cohen | |||||||
| VP of Government Affairs/Comm. | 40.0 | X | 127093 | 0 | 104 | ||
| PEARL KAMER | |||||||
| ECONOMIST | 40.0 | 101399 | 0 | 1335 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 972567 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 56123 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE EGC GROUP | |||||
| 1175 walt whitman road suite 200 | MELVILLE | NY | 11747 | mkting/advertising | 293928 |
| GRANT THORNTON | |||||
| 666 THIRD AVE 13TH FL | NEW YORK | NY | 10017 | AUDIT/TAX | 108460 |
| WASHINGTON SPEAKERS BUREAU | |||||
| 1663 PRINCE STREET | ALEXANDRIA | VA | 22314 | GUEST SPEAKERS | 102044 |
| The Harry Walker Agency Inc | |||||
| 355 Lexington Avenue 21st floor | NEW YORK | NY | 10017 | guest speakers | 100900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Related Organizations | 405434 | RelatedOrganizations |
| Total Contributions | 405434 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NETWORKING EVENTS | 900099 | 1289610 | 1289610 |
| PUBLICATIONS | 511190 | 77000 | 77000 |
| MEMBERSHIP DUES | 900099 | 1083045 | 1083045 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2449655 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23757 | TotalRevenueColumn |
| Exclusion | $23,757 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83250 | TotalRevenueColumn |
| Exclusion | $83,250 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 450000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 20589 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 429411 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 429411 | TotalRevenueColumn |
| Exclusion | $429,411 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MANAGEMENT FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 28954 | TotalRevenueColumn |
| Exclusion | $28,954 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 28954 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3420461 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2449655 | RelatedOrExemptFunctionIncome |
| Exclusion | $565,372 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 871167 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 310518 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34171 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53793 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81109 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4107 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41222 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27063 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 362934 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138751 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71542 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 229369 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7205 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9434 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12424 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60535 | Total |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SPEAKER FEES | 202844 |
| EVENT FACILITY FEES | 93112 |
| OTHER EVENT EXPENSES | 103601 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2714901 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1087922 | BOY |
| EOY | 1815636 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55863 | BOY |
| EOY | 40389 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26657 | BOY |
| EOY | 15908 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 419706 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 401024 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28755 | BOY |
| EOY | 18682 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 290319 | BOY |
| EOY | 23107 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1489516 | BOY |
| EOY | 1913722 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 645149 | BOY |
| EOY | 616186 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 669057 | BOY |
| EOY | 604098 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 288031 | BOY |
| EOY | 142551 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 352779 | BOY |
| EOY | 70344 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1955016 | BOY |
| EOY | 1433179 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -465500 | BOY |
| EOY | 480543 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -465500 | BOY |
| EOY | 480543 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1489516 | BOY |
| EOY | 1913722 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 705560 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 240483 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Substantially All Dues Nondeduct | false | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | false | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | false | AgreeToCarryoverPriorYear |
| Dues Assessments | 1083045 | DuesAssessments |
| Non Ded Lobby Political Current | 54925 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 54925 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 43322 | AggrAmtReportedInDuesNotices |
| Amount To Be Carried Over | 11603 | AmountToBeCarriedOver |
| Taxable | $0 | TaxableAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 55965 | OtherCostOrOtherBasis |
| Depreciation | 43599 | Depreciation |
| Book Value | 12366 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 234231 | OtherCostOrOtherBasis |
| Depreciation | 230871 | Depreciation |
| Book Value | 3360 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 129510 | OtherCostOrOtherBasis |
| Depreciation | 126554 | Depreciation |
| Book Value | 2956 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 18682 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LONG-TERM ACCRUED RENT | Description |
| Amount | $70,344 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 70344 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 3660944 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 240483 | OtherRevenues |
| Revenue Not Rptd F990 | 240483 | RevenueNotRptdF990 |
| Revenue Subtotal | 3420461 | RevenueSubtotal |
| Total Revenue Per Form990 | 3420461 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2714901 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 2714901 | ExpensesSubtotal |
| Total Expenses Per Form990 | 2714901 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule D, Part X, Line 2 | LIA adopted the provisions of FASB Interpretation No. 48 (FIN 48") Accounting for Uncertainties in Income Taxes - an interpretation of FASB Statement No. 109," now incorporated in Accounting Standards Codification ("ASC") 740. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. LIA and the Foundation are classified as tax-exempt organizations under Sections 501(c)(6) and 501(c)(3) respectively of the Internal Revenue Service Code. |
| Schedule D, Parts XI, Line 2d | Results from discontinued operations $240,483 (See Schedule O for more information) |
| Schedule D, Parts XI & XII | The Long Island Association, Inc. issues consolidated audited financial statements that include the operations of an affiliated organization. The financial information of this affiliated organization is not reported on this Form 990. Accordingly, the reconciliations reported in Parts XI, XII & XIII of Schedule D reconcile back to the financial information of the Long Island Association, Inc. as presented on a standalone basis in the audited financial statements. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kevin S Law | ||||||||||||||
| President & CEO | 325000 | 0 | 80000 | 0 | 3122 | 0 | 4050 | 0 | 41037 | 0 | 453209 | 0 | 0 | 0 |
| Barbara Legname | ||||||||||||||
| VP of Major Events | 135758 | 0 | 30000 | 0 | 0 | 0 | 1641 | 0 | 6256 | 0 | 173655 | 0 | 0 | 0 |
| Paula Calame | ||||||||||||||
| Chief Financial Officer | 150195 | 0 | 20000 | 0 | 0 | 0 | 1700 | 0 | 0 | 0 | 171895 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule J, Line 4b | Identifier |
| Explanation | The President & CEO, Kevin S. Law, received employer-funded contributions to a non-qualified deferred compensation plan in the year ended December 31, 2012. Form 990, Schedule J, Part II, column (b)(ii) The bonus reported in the President & CEO, Kevin S. Law's, Form W-2 for the calendar year 2012 is comprised of both a 2011 accrued bonus (paid in 2012) and his 2012 bonus (likewise paid in 2012). | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Ernest C Canadeo | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Board member | Relationship |
| Amount Of Transaction | 293928 | AmountOfTransaction |
| Description Of Transaction | marketing & advertising | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule L, Part IV | Identifier |
| Explanation | The Long Island Association conducted business with a vendor that is owned by Board of Directors Member, Ernest C. Canadeo. In calendar 2012, the Long Island Association paid EGC Group $293,928 for marketing and advertising, of which $233,875 was paid out to vendors. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Line 11 | The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department and was provided to the President/Ceo prior to filing. Copies were also made available to the full Board of Directors. |
| Form 990, Part VI, Line 12 | The Association has a conflict of interest policy in place. Each officer, director, trustee and key employee is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the Association. The Association monitors compliance with its conflict of interest policy. Potential conflicts are investigated immediately. |
| Form 990, Part VI, Line 15 | The Association's President & CEO's compensation is determined by the compensation committee of the Board of Directors and ultimately approved by the Board of DIrectors. Since the President & CEO sits on the Board of Directors, he is required to recuse himself from any discussions related to his compensation. For the Association's other officers, compensation is determined by the President & CEO. |
| Form 990, Part VI, Line 19 | The Association makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion. |
| Form 990, Part VI, Line 6 | The Long Island Association is a Section 501(c)(6) chamber of commerce and business membership group that, by definition, has members. Members of the LIA enjoy a wide array of benefits, from participation on active committees addressing the major issues facing the region; to networking events large and small; to major events that attract former Presidents of the United States, as well as other nationally-known and respected speakers; to a variety of unique publications that provide special insight into Long Islands economy. Form 990, Part VI, Line 7 The Association's members are reserved the right to elect those individuals that will serve on the Association's Board of Directors. |
| Form 990, Part XI, Line 9 | On October 5th, 2012, the Long Island Association entered into a Stock Purchase Agreement with an unrelated third party. Pursuant to the agreement, the LIA sold 100% of the issued and outstanding shares of common stock in LIA holding corp, its former subsidiary. Results from discontinued operations as of the date of the sale were $240,483. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Long Island Association Foundation | ||||||||||
| 300 Broadhollow Rd | Melville | NY | 11747 | 113539717 | Fundraising | NY | 501(C)(3) | 11 | NA | true |
| Accelerate Long Island | ||||||||||
| 300 Broadhollow Road | Melville | NY | 11747 | 800775764 | Econ. Develop | NY | 501(c)(6) | N/A | NA | true |
| Long Island Association Action Committee | ||||||||||
| 300 Broad Hollow Road | Melville | NY | 11747 | 112840610 | PAC FUND | NY | 527 | N/A | NA | false |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LIA Holding Corp & Subsidiaries | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 Broadhollow Road | AddressLine1 |
| City | Melville | City |
| State | NY | State |
| ZIP Code | 11747 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113619281 | EIN |
| Primary Activity | Insurance | PrimaryActivity |
| Legal Domicile State | NY | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corp | TypeOfEntity |
| Share Of Total Income | 240463 | ShareOfTotalIncome |
| Share Of EOY Assets | 0 | ShareOfEOYAssets |
| Percentage Ownership | 0.00000 | PercentageOwnership |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| LIA Holdings Corp & Subsidiaries | ||
| a | 83250 | contractual |
| LIA Foundation | ||
| c | 405434 | direct cost |
| LIA Holdings Corp & Subsidiaries | ||
| S | 240483 | Accrual |
| LIA Holdings Corp & Subsidiaries | ||
| L | 28954 | cost |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule R, Part V | Identifier |
| Explanation | The Long Island Association's ownership of LIA Holdings, Inc. & Subsidiaries ceased as of October 5th, 2012 when 100% of the issued and outstanding shares of common stock of Holdings were sold to an unrelated third party. In the interests of clarity, the Association continues to disclose Holdings as a related party since that relationship existed for part of the year. Related party transactions include the payment of a royalty of $83,250 (which represents a specified payment under Section 512(b)(13)) and the results from discontinued operations of $240,483 (which have been coded with transaction S). Prior to the sale, the Association also received $28,954 in management fees from LIAHA. | Explanation |