2022-05-12T14:40:58-05:00 2021-12-31 141442607 BST & CO CPAS LLP 26 COMPUTER DRIVE WEST ALBANY NY 12205 990 2021-01-01 132928479 LIFE INSURANCE COUNCIL OF NEW YORK INC LIFE 5184368417 111 WASHINGTON AVENUE 300 ALBANY NY 12210 LOCONTE RICHARD PRESIDENT & CEO 5184368417 2022-05-11 1 LOCONTE RICHARD 999009999 MARK GORCZYCA P01781464 5184596700 2022-05-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LOCONTE RICHARD 111 WASHINGTON AVENUE 300 ALBANY NY 12210 6446533 0 X WWW.LICONY.ORG X 1977 NY SEE SCHEDULE O 15 15 10 15 0 0 0 0 4012204 3249497 77651 141063 -5560 -16508 4084295 3374052 324507 78850 0 0 2186522 2383873 0 0 0 948690 822397 3459719 3285120 624576 88932 6999343 6853352 579187 401041 6420156 6452311 X 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. 0 0 SEE SCHEDULE O. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 9 0 1 10 1 0 0 0 0 1 1 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LINDA NUSBAUM 5184368417 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 MICHAEL A ZARCONE CHAIR 1.00 0.00 X X 0 0 0 KERMITT BROOKS CHAIR-ELECT 1.00 0.00 X X 0 0 0 NATALIE LAMARQUE SECRETARY-TREASURER 1.00 0.00 X X 0 0 0 FREDERICK L WORTMAN PAST CHAIR 1.00 0.00 X X 0 0 0 GRETCHEN CEPEK DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE DEBIASE DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE DUGAN DIRECTOR 1.00 0.00 X 0 0 0 LUCY FATO DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH F GILL DIRECTOR 1.00 0.00 X 0 0 0 JOSE RAMON GONZALEZ DIRECTOR 1.00 0.00 X 0 0 0 FRANK L LETTERA DIRECTOR 1.00 0.00 X 0 0 0 SHAWN T LOFTUS DIRECTOR 1.00 0.00 X 0 0 0 DAVID MELMAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES J ROTH DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY A WALSH DIRECTOR 1.00 0.00 X 0 0 0 MARY A GRIFFIN PRESIDENT & CEO 40.00 1.00 X 487099 0 29024 TIMOTHY A ATKINS DIRECTOR & COUNSEL 40.00 0.00 X 267600 0 51395 LINDA M NUSBAUM DIRECTOR, OPERATIONS 40.00 0.00 X 153940 0 13072 DIANE STUTO MANAGING DIR., LEGIS. & RE 40.00 0.00 X 432810 0 32124 LOCONTE RICHARD PRESIDENT & CEO 40.00 1.00 X 442308 0 55584 1783757 0 181199 5 0 1 0 GREENBERG TRAURIG LLP 54 STATE ST 6TH FLOOR ALBANY NY 12207 PROFESSIONAL SERVICES 152107 1 MEMBERSHIP DUES 541900 3141767 3141767 CONFERENCES/MEETINGS 541900 107730 107730 3249497 134235 134235 393000 409508 -16508 -16508 -16508 2669801 2662973 6828 6828 6828 3374052 3249497 0 124555 78850 1964956 231956 14146 72018 100797 117360 55060 12006 254030 49152 32714 112502 26812 13614 73601 BOOKS AND PUBLICATIONS 27484 MEMBERSHIP FEES 20380 EQUIPMENT RENTAL 10336 17346 3285120 861306 698223 18063 39576 745 745 75483 74071 167099 125825 30968 41274 5975457 5971835 37321 27628 6999343 6853352 313589 252067 265598 148974 579187 401041 X 6420156 6452311 6420156 6452311 6999343 6853352 88932 -56777 0 X 0 1 X 1 0 4992 0 4992 4992 1 LIFE INSURANCE COUNCIL OF NEW YORK PAC 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 133048884 0 15000 0 0 0 3141767 708468 708468 816859 -108391 PART I-A, LINE 1: CONTRIBUTIONS 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. 71682 71682 0 59182 52935 6247 36235 1208 35027 41274 LOSS LIABILITY 148974 148974 X 3315883 -74677 -74677 3390560 -16508 -16508 3374052 3226951 16508 16508 3210443 74677 74677 3285120 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. 0 NYS DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE 107 WASHINGTON AVENUE SUITE 1LL ALBANY NY 12210 133041656 527 0 17500 HOUSEKEEPING ACCOUNT NYS DEMOCRATIC SENATE CAMPAIGN COMMITTEE 111 WASHINGTON AVENUE SUITE 409 ALBANY NY 12210 112924245 527 0 55500 HOUSEKEEPING ACCOUNT 0 2 X X X 0 0 0 MARY A GRIFFIN PRESIDENT & CEO 487099 0 0 0 0 0 6875 0 22149 0 516123 0 0 0 LOCONTE RICHARD PRESIDENT & CEO 382308 0 60000 0 0 0 14500 0 41084 0 497892 0 0 0 DIANE STUTO MANAGING DIR., LEGIS. & RE 401334 0 31476 0 0 0 14500 0 17624 0 464934 0 0 0 TIMOTHY A ATKINS DIRECTOR & COUNSEL 250548 0 17052 0 0 0 12180 0 39215 0 318995 0 0 0 LINDA M NUSBAUM DIRECTOR, OPERATIONS 141214 0 12726 0 0 0 7070 0 6002 0 167012 0 0 0 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 6 LICONY 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 7A THE 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 7B YES. APPROVAL OF ANNUAL BUDGET, ELECTION OF DIRECTORS, APPOINTMENT OF BOARD AND STAFF OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C EACH 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 15 PROPOSALS 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 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS UPON REQUEST. LIFE INSURANCE COUNCIL OF NEW YORK PAC 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 POLITICAL ATIVITY NY 527 LIFE INSURANCE COUNCIL OF NEW YORK INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0