LIFE INSURANCE COUNCIL OF NEW YORK INCORPORATED: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LIFE INSURANCE COUNCIL OF NEW YORK INCORPORATED (EIN 13-2928479)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-12
IRS object ID
202201329349302230
Schema version
2021v4.2
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

FieldValueIRS element (for citing)
Return2022-05-12T14:40:58-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141442607PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BST & CO CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line126 COMPUTER DRIVE WESTAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12205ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132928479EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIFE INSURANCE COUNCIL OF NEW YORK INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLIFEBusinessNameControlTxt
Phone5184368417PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVENUE 300AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLOCONTE RICHARDPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone5184368417PhoneNum
Signature2022-05-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLOCONTEPersonFirstNm
Person LastRICHARDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK GORCZYCAPreparerPersonNm
PTINP01781464PTIN
Phone5184596700PhoneNum
Preparation2022-05-10PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLOCONTE RICHARDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVENUE 300AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12210ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,446,533GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.LICONY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1977FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee10TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$4,012,204PYProgramServiceRevenueAmt
CY Program Service Revenue$3,249,497CYProgramServiceRevenueAmt
PY Investment Income$77,651PYInvestmentIncomeAmt
CY Investment Income$141,063CYInvestmentIncomeAmt
PY Other Revenue-$5,560PYOtherRevenueAmt
CY Other Revenue-$16,508CYOtherRevenueAmt
PY Total Revenue$4,084,295PYTotalRevenueAmt
CY Total Revenue$3,374,052CYTotalRevenueAmt
PY Grants And Similar Paid$324,507PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$78,850CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,186,522PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,383,873CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$948,690PYOtherExpensesAmt
CY Other Expenses$822,397CYOtherExpensesAmt
PY Total Expenses$3,459,719PYTotalExpensesAmt
CY Total Expenses$3,285,120CYTotalExpensesAmt
PY Revenues Less Expenses$624,576PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$88,932CYRevenuesLessExpensesAmt
Total Assets BOY$6,999,343TotalAssetsBOYAmt
Total Assets EOY$6,853,352TotalAssetsEOYAmt
Total Liabilities BOY$579,187TotalLiabilitiesBOYAmt
Total Liabilities EOY$401,041TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,420,156NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,452,311NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescSEE SCHEDULE O.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee10EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LINDA NUSBAUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5184368417PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVENUE NO 300AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12210ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL A ZARCONE
CHAIR1.000.00Yes (X)Yes (X)$0$0$0
KERMITT BROOKS
CHAIR-ELECT1.000.00Yes (X)Yes (X)$0$0$0
NATALIE LAMARQUE
SECRETARY-TREASURER1.000.00Yes (X)Yes (X)$0$0$0
FREDERICK L WORTMAN
PAST CHAIR1.000.00Yes (X)Yes (X)$0$0$0
GRETCHEN CEPEK
DIRECTOR1.000.00Yes (X)$0$0$0
CHRISTINE DEBIASE
DIRECTOR1.000.00Yes (X)$0$0$0
CHRISTINE DUGAN
DIRECTOR1.000.00Yes (X)$0$0$0
LUCY FATO
DIRECTOR1.000.00Yes (X)$0$0$0
JOSEPH F GILL
DIRECTOR1.000.00Yes (X)$0$0$0
JOSE RAMON GONZALEZ
DIRECTOR1.000.00Yes (X)$0$0$0
FRANK L LETTERA
DIRECTOR1.000.00Yes (X)$0$0$0
SHAWN T LOFTUS
DIRECTOR1.000.00Yes (X)$0$0$0
DAVID MELMAN
DIRECTOR1.000.00Yes (X)$0$0$0
JAMES J ROTH
DIRECTOR1.000.00Yes (X)$0$0$0
TIMOTHY A WALSH
DIRECTOR1.000.00Yes (X)$0$0$0
MARY A GRIFFIN
PRESIDENT & CEO40.001.00Yes (X)$487,099$0$29,024
TIMOTHY A ATKINS
DIRECTOR & COUNSEL40.000.00Yes (X)$267,600$0$51,395
LINDA M NUSBAUM
DIRECTOR, OPERATIONS40.000.00Yes (X)$153,940$0$13,072
DIANE STUTO
MANAGING DIR., LEGIS. & RE40.000.00Yes (X)$432,810$0$32,124
LOCONTE RICHARD
PRESIDENT & CEO40.001.00Yes (X)$442,308$0$55,584
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,783,757TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$181,199TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREENBERG TRAURIG LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line154 STATE ST 6TH FLOORAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12207ZIPCd
FieldValueIRS element (for citing)
ServicesPROFESSIONAL SERVICESServicesDesc
Compensation$152,107CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES541900$3,141,767$3,141,767
CONFERENCES/MEETINGS541900$107,730$107,730
FieldValueIRS element (for citing)
Total Program Service Revenue$3,249,497TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$134,235TotalRevenueColumnAmt
Exclusion$134,235ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$393,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$409,508RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$16,508RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$16,508TotalRevenueColumnAmt
Exclusion-$16,508ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,669,801SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,662,973SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,828SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,828TotalRevenueColumnAmt
Exclusion$6,828ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,374,052TotalRevenueColumnAmt
Related Or Exempt Func Income$3,249,497RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$124,555ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$78,850TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,964,956TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$231,956TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$14,146TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$72,018TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$100,797TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$117,360TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$55,060TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,006TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$254,030TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$49,152TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$32,714TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$112,502TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$26,812TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$13,614TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$73,601TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
BOOKS AND PUBLICATIONS$27,484
MEMBERSHIP FEES$20,380
EQUIPMENT RENTAL$10,336

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$17,346TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,285,120TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$861,306BOYAmt
EOY$698,223EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$18,063BOYAmt
EOY$39,576EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$745BOYAmt
EOY$745EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$75,483BOYAmt
EOY$74,071EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$167,099LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$125,825LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$30,968BOYAmt
EOY$41,274EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$5,975,457BOYAmt
EOY$5,971,835EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$37,321BOYAmt
EOY$27,628EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,999,343BOYAmt
EOY$6,853,352EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$313,589BOYAmt
EOY$252,067EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$265,598BOYAmt
EOY$148,974EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$579,187BOYAmt
EOY$401,041EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,420,156BOYAmt
EOY$6,452,311EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,420,156BOYAmt
EOY$6,452,311EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,999,343BOYAmt
EOY$6,853,352EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$88,932ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$56,777NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$4,992PoliticalExpendituresAmt
Volunteer Hours0VolunteerHoursCnt
Expended527 Activities$4,992Expended527ActivitiesAmt
Total Exempt Function Expend$4,992TotalExemptFunctionExpendAmt
Form1120 POL FiledYes (1)Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1LIFE INSURANCE COUNCIL OF NEW YORK PACBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVENUE NO 300AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12210ZIPCd
FieldValueIRS element (for citing)
EIN133048884EIN
Paid Internal Funds$0PaidInternalFundsAmt
Contributions Rcvd Dlvr$15,000ContributionsRcvdDlvrAmt
FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$3,141,767DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$708,468NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$708,468NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$816,859AggregateReportedDuesNtcAmt
Taxable-$108,391TaxableAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1:FormAndLineReferenceDesc
ExplanationCONTRIBUTIONS TO CAMPAIGN COMMITTEES AND HOSTING FUNDRAISERS FOR CANDIDATES. THE ORGANIZATION ALSO ALLOCATES A PORTION OF ELIGIBLE MEMBER DUES TO A SEPARATE SEGREGATED FUND, AND PROMPTLY AND DIRECTLY TRANSFERS THEM TO THAT FUND.ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$71,682OtherCostOrOtherBasisAmt
Depreciation$71,682DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$59,182OtherCostOrOtherBasisAmt
Depreciation$52,935DepreciationAmt
Book Value$6,247BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$36,235OtherCostOrOtherBasisAmt
Depreciation$1,208DepreciationAmt
Book Value$35,027BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$41,274TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLOSS LIABILITYDesc
Amt$148,974Amt
FieldValueIRS element (for citing)
Total Liability$148,974TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,315,883TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$74,677OtherRevenueAmt
Revenue Not Reported-$74,677RevenueNotReportedAmt
Revenue Subtotal$3,390,560RevenueSubtotalAmt
Other Revenues Not Included-$16,508OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$16,508RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,374,052TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,226,951TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$16,508OtherExpensesIncludedAmt
Expenses Not Reported$16,508ExpensesNotReportedAmt
Expenses Subtotal$3,210,443ExpensesSubtotalAmt
Other Expenses Not Included$74,677OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$74,677ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,285,120TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:WHEN INCOME TAX RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR THE AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD BE ULTIMATELY SUSTAINED. THE PORTION OF THE BENEFITS ASSOCIATED WITH THE TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS PREVIOUSLY DESCRIBED IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION AND INCLUDES, WHERE APPLICABLE, ACCRUED INTEREST AND/OR PENALTIES ATTRIBUTABLE TO THE UNRECOGNIZED TAX BENEFITS. LICONY RECOGNIZES THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS CONCLUDED THAT LICONY HAS NOT TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:INVESTMENT FEES -12,006. BOND AMORTIZATION EXPENSE -62,671.
PART XI, LINE 4B - OTHER ADJUSTMENTS:NET RENTAL ACTIVITY -16,508.
PART XII, LINE 2D - OTHER ADJUSTMENTS:NET RENTAL ACTIVITY 16,508.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INVESTMENT FEES 12,006. BOND AMORTIZATION EXPENSE 62,671.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
NYS DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE
107 WASHINGTON AVENUE SUITE 1LLALBANYNY12210133041656527$0$17,500HOUSEKEEPING ACCOUNT
NYS DEMOCRATIC SENATE CAMPAIGN COMMITTEE
111 WASHINGTON AVENUE SUITE 409ALBANYNY12210112924245527$0$55,500HOUSEKEEPING ACCOUNT
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARY A GRIFFIN
PRESIDENT & CEO$487,099$0$0$0$0$0$6,875$0$22,149$0$516,123$0$0$0
LOCONTE RICHARD
PRESIDENT & CEO$382,308$0$60,000$0$0$0$14,500$0$41,084$0$497,892$0$0$0
DIANE STUTO
MANAGING DIR., LEGIS. & RE$401,334$0$31,476$0$0$0$14,500$0$17,624$0$464,934$0$0$0
TIMOTHY A ATKINS
DIRECTOR & COUNSEL$250,548$0$17,052$0$0$0$12,180$0$39,215$0$318,995$0$0$0
LINDA M NUSBAUM
DIRECTOR, OPERATIONS$141,214$0$12,726$0$0$0$7,070$0$6,002$0$167,012$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1:TO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS.
FORM 990, PART III, LINE 4A:LICONY ACHIEVES ITS OBJECTIVE OF PROMOTING THE COMMON BUSINESS INTERESTS OF MEMBER COMPANIES AND EFFECTUATING POSITIVE CHANGES FOR THE LIFE INSURANCE INDUSTRY THROUGH LEGISLATIVE AND REGULATORY ADVOCACY ON BEHALF OF THE INDUSTRY, ORGANIZING MEETINGS, SEMINARS, AND CONFERENCES IN WHICH ALL MEMBERS PARTICIPATE AND BY ISSUING PERIODIC REPORTS TO MEMBERS OF TRENDS AND DEVELOPMENTS AFFECTING THE LIFE INSURANCE INDUSTRY IN NEW YORK STATE.
FORM 990, PART VI, SECTION A, LINE 6LICONY IS MADE UP OF MEMBERS (LIFE INSURERS AND ALLIED PROFESSIONAL FIRMS) WHO ARE ASSESSED MEMBERSHIP DUES EACH YEAR. AS OF 12/31/21 THE ORGANIZATION HAD 58 MEMBER COMPANIES, 22 ASSOCIATE MEMBERS AND 19 ALLIED PROFESSIONAL MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ATHE GOVERNING BODY (BOARD) IS ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING OF THE MEMBERSHIP HELD IN DECEMBER EACH YEAR.
FORM 990, PART VI, SECTION A, LINE 7BYES. APPROVAL OF ANNUAL BUDGET, ELECTION OF DIRECTORS, APPOINTMENT OF BOARD AND STAFF OFFICERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM WITH INFORMATION PROVIDED BY STAFF AND REVIEWED THOROUGHLY BY INTERNAL MANAGEMENT PRIOR TO FILING. THE BOARD IS ADVISED OF THE FILING AND THE AVAILABILITY, ON REQUEST, OF COPIES OF THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CEACH STAFF PERSON IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT WHICH IS KEPT IN THE ORGANIZATION'S FILES. DIRECTORS ARE REQUESTED TO SIGN A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF EACH CALENDAR YEAR. THIS IS ALSO KEPT ON FILE.
FORM 990, PART VI, SECTION B, LINE 15PROPOSALS FOR COMPENSATION ARE DEVELOPED ANNUALLY BY THE PRESIDENT & CEO IN CONSULTATION WITH GOUGH MANAGEMENT CONSULTANTS (GMC). GMC CONDUCTS A REVIEW OF COMPARABLE JOB DESCRIPTIONS AND PAY GRADES TO PROVIDE GUIDANCE TO THE PRESIDENT & CEO. MORE DETAILED SURVEYS AND EXTENSIVE REVIEWS AND ANALYSES ARE CONDUCTED PERIODICALLY. THE PRESIDENT'S RECOMMENDATIONS ARE CONSIDERED BY THE BUDGET COMMITTEE WHICH IN TURN RECOMMENDS THE COMPENSATION LEVELS TO THE BOARD FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LIFE INSURANCE COUNCIL OF NEW YORK PACBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVENUE NO 300AddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12210ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesPOLITICAL ATIVITYPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section527ExemptCodeSectionTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LIFE INSURANCE COUNCIL OF NEW YORK INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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