2020-10-13T13:49:24-05:00 2019-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-01-01 111617383 Long Island Association Inc % MICHELLE BYRNE LONG 6314933000 300 Broadhollow Road Melville NY 117474840 MICHELLE BYRNE CFO 6314933048 2020-10-13 true Scott Thompsett Manager P00741490 2125990100 71.232.176.125 26377520202875000016 2020-10-13 P 967656ED752500C5D00BF194EB3A6195BBA87A14 0038CA6235840D1653BC80B3C16ACBE407191788 2019 2021-04-22 16:20:28Z Kevin S Law 300 BROADHOLLOW ROAD Melville NY 11747 2908041 false X longislandassociation.org X 1926 NY 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. 70 69 10 0 0 0 162100 170500 2351301 2714927 8549 9304 6964 13310 2528914 2908041 0 0 0 0 1503949 1556376 0 0 0 1094105 1576187 2598054 3132563 -69140 -224522 2422978 2160231 1340334 1302109 1082644 858122 X THE MISSION OF THE LONG ISLAND ASSOCIATION IS TO LEAD AND UNIFY THE REGION TO ENHANCE, STRENGTHEN AND PROTECT LONG ISLAND AS A PREMIER PLACE TO LIVE, WORK AND PLAY. THE LIA SHALL ADVOCATE FOR POLICIES, PROGRAMS AND PROJECTS THAT CREATE JOBS, SPUR PRIVATE INVESTMENT, REDUCE THE FEDERAL, STATE AND LOCAL TAX BURDEN, IMPROVE ACCESS TO AND FROM NEW YORK CITY AND IMPROVE THE OVERALL BUSINESS CLIMATE IN OUR REGION. WE WILL SUPPORT ECONOMIC DEVELOPMENT, WORKFORCE HOUSING, GREATER STATE SUPPORT FOR EDUCATION, PUBLIC SAFETY, CLEAN RELIABLE ENERGY, WORKFORCE TRAINING AND RETENTION, ENVIRONMENTAL PROTECTION, TECHNOLOGY AND INFRASTRUCTURE INVESTMENTS, AND OUR NOT-FOR-PROFIT ORGANIZATIONS AS WELL AS OPPORTUNITIES FOR GROWTH, EQUALITY AND DIVERSITY IN OUR REGION. 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 false false One part of the LIA mission is to advocate for policies that reduce the federal, state and local tax burden. During 2019, the LIA advocated for the reversal of the SALT cap on federal deductions for state and local taxes. This initiative focused on public education through print, digital and social media. The LIA provides its members with important and timely information related to the economy, demographics, government and the regions elected officials. LIA staff prepares and analyzes data for monthly economic reports, numerous studies from the LIA Research Institute and a biennial fact book. Additionally, the LIA provides frequent legislative updates to its members and issues an annual Public Officials Guide that offers businesses a comprehensive list of Long Islands elected officials and their contact information. The LIA hosts events throughout the year starting off in January with its annual County Executives Breakfast where local officials from Nassau and Suffolk counties address the LIA membership. The LIA Annual Awards Gala honors the people and the companies that have made Long Island a better place to live and work. The LIA luncheons showcase renowned speakers, providing the membership with insights into local, national and world events. false false false true false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false true 6 0 true 10 true false false false false true true false false false X 70 69 false false false false true true false true true false false true true true true true true true false false X MICHELLE BYRNE 6314933048 300 BROADHOLLOW ROAD MELVILLE NY 11747 X Kevin S Law President & CEO 40.0 1.0 X X 472450 0 61412 Matthew Cohen VP of Government Affairs 40.0 0.0 X 190282 0 5295 MICHELLE BYRNE Chief Financial Officer 40.0 1.0 X 117741 0 28943 David Fatizzo Membership Director 40.0 0.0 X 101049 0 3839 ESTHER FORTUNOFF vice chair 1.0 0.0 X X 0 0 0 KATHERINE HEAVISIDE secretary 1.0 0.0 X X 0 0 0 MICHAEL L FALTISCHEK treasurer 1.0 0.0 X X 0 0 0 GENE M BERNSTEIN Director 1.0 0.0 X 0 0 0 DREW BOGNER Director 1.0 0.0 X 0 0 0 JOHN BRUCKNER DIRECTOR 1.0 0.0 X 0 0 0 CALVIN O BUTTS III Director 1.0 0.0 X 0 0 0 ERNEST G CANADEO Director 1.0 0.0 X 0 0 0 ROBERT B CATELL Director 1.0 1.0 X 0 0 0 Kimberly Cline Director 1.0 0.0 X 0 0 0 JOHN T COSTANZO Director 1.0 0.0 X 0 0 0 Robert Coughlan Director 1.0 0.0 X 0 0 0 BRIAN C CULLEN Director 1.0 1.0 X 0 0 0 WILLIAM J CUNNINGHAM Director 1.0 0.0 X 0 0 0 MARK S DAVIS Director 1.0 0.0 X 0 0 0 DANIEL DEEGAN DIRECTOR 1.0 0.0 X 0 0 0 JOHN R DURSO DIRECTOR 1.0 0.0 X 0 0 0 Dan Eichhorn Director 1.0 0.0 X 0 0 0 jeffrey d alter Director 1.0 0.0 X 0 0 0 KEVIN GERSHOWITZ Director 1.0 0.0 X 0 0 0 DOON GIBBS Director 1.0 0.0 X 0 0 0 PHYLLIS HILL SLATER DIRECTOR 1.0 0.0 X 0 0 0 FRANK INGRASSIA Vice Chair 1.0 0.0 X X 0 0 0 ROBERT A ISAKSEN Director 1.0 0.0 X 0 0 0 Peter Kaplan DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL T KEENAN Director 1.0 0.0 X 0 0 0 Ellen Labita Director 1.0 0.0 X 0 0 0 James Lester Director 1.0 0.0 X 0 0 0 SEYMOUR LIEBMAN vice chair 1.0 0.0 X X 0 0 0 MICHAEL MATURO first vice chair 1.0 0.0 X X 0 0 0 CAROLYN MAZZENGA Director 1.0 0.0 X 0 0 0 DOUGLAS MCCROSSON Director 1.0 0.0 X 0 0 0 PAULE T PACHTER Director 1.0 0.0 X 0 0 0 PHILIP PANARELLI Director 1.0 0.0 X 0 0 0 Chintu Patel Director 1.0 0.0 X 0 0 0 CRISLER QUICK Director 1.0 0.0 X 0 0 0 STUART RABINOWITZ Director 1.0 0.0 X 0 0 0 STUART RICHNER Director 1.0 0.0 X 0 0 0 Christine Riordan Director 1.0 0.0 X 0 0 0 ELLEN S RUDIN DIRECTOR 1.0 0.0 X 0 0 0 BOB SANDERS Director 1.0 0.0 X 0 0 0 WILLIAM M SAVINO Director (Thru 3/2019) 1.0 0.0 X 0 0 0 LOIS CARTER SCHLISSEL Director (Thru 3/2019) 1.0 0.0 X 0 0 0 SAMUEL L STANLEY JR Director (Thru 5/2019) 1.0 0.0 X 0 0 0 BRUCE STILLMAN Director 1.0 0.0 X 0 0 0 MIRIAM B TANENBAUM Director 1.0 0.0 X 0 0 0 MICHAEL N VITTORIO Director 1.0 0.0 X 0 0 0 Lawrence J Waldman Chairman 1.0 1.0 X X 0 0 0 MATTHEW B WHALEN Director (THRU 06/2019) 1.0 0.0 X 0 0 0 CHARLES M STRAIN legal counsel 1.0 1.0 X X 0 0 0 John Burke Director 1.0 0.0 X 0 0 0 Anil Kapoor Director 1.0 0.0 X 0 0 0 Donna Linke-Klein Director 1.0 0.0 X 0 0 0 richard humann director 1.0 0.0 X 0 0 0 michael lessing director 1.0 0.0 X 0 0 0 Edward Blaskey director 1.0 0.0 X 0 0 0 Wayne Grosse Director 1.0 0.0 X 0 0 0 john mast Director (Thru 5/2019) 1.0 0.0 X 0 0 0 Steve Convoy Director (Thru 1/2019) 1.0 0.0 X 0 0 0 Gregory Penza Director 1.0 0.0 X 0 0 0 Alton Byrd Director 1.0 0.0 X 0 0 0 Jane Duggan Director 1.0 0.0 X 0 0 0 Phillip Eng Director 1.0 0.0 X 0 0 0 Maureen Evers Willox Director 1.0 0.0 X 0 0 0 Joe Giametta Director (Thru 10/2019) 1.0 0.0 X 0 0 0 Bill Golden Director 1.0 0.0 X 0 0 0 Dr Alan D Guerci Director 1.0 0.0 X 0 0 0 Debby Krenek Director 1.0 0.0 X 0 0 0 Erika Rudnick Director 1.0 0.0 X 0 0 0 Cathy Verrelli Director 1.0 0.0 X 0 0 0 Barry Weiner Director (AS OF 3/2019) 1.0 0.0 X 0 0 0 Rebecca O'Connell Director (AS OF 5/2019) 1.0 0.0 X 0 0 0 Ali Jabbour Director (AS OF 10/2019) 1.0 0.0 X 0 0 0 Evan Krinick Director (AS OF 3/2019) 1.0 0.0 X 0 0 0 Patricia Galteri Director (AS OF 3/2019) 1.0 0.0 X 0 0 0 Michael Bernstein Director (AS OF 9/2019) 1.0 0.0 X 0 0 0 Chris Capece Director (AS OF 6/2019) 1.0 0.0 X 0 0 0 881522 0 99489 4 false true false washington speakers bureau 1663 prince street ALEXANDRIA VA 22314 guest speakers 421929 1 170500 170500 MEMBERSHIP DUES 900099 1165648 1165648 NETWORKING EVENTS 900099 1549279 1549279 2714927 9304 9304 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 13310 13310 13310 2908041 2714927 22614 0 0 0 0 878443 0 451032 86901 57169 82831 0 4221 46751 0 0 0 254058 28320 63506 14134 0 178196 7386 0 59863 778 0 6985 32253 SPEAKER FEES 418000 BUSINESS EVENT FACILITY FEES 189062 LONG ISLAND BUSINESS EVENTS 123210 DUES & SUBSCRIPTIONS 20101 129363 3132563 0 0 2024377 1711751 0 0 18775 70825 0 0 0 0 0 0 0 0 33462 60192 400337 395299 12023 5038 0 0 0 0 0 0 0 0 334341 312425 2422978 2160231 531815 593833 0 0 777680 692411 0 0 0 0 0 0 0 0 0 0 30839 15865 1340334 1302109 X 1082644 858122 0 0 1082644 858122 2422978 2160231 -224522 X false true X true false false false true 1165648 92734 26816 119550 116565 2985 15033 12664 2369 255793 253124 2669 129511 129511 5038 DEFERRED COMPENSATION 295743 SECURITY DEPOSIT 16682 312425 0 ACCRUED RENT 15865 15865 X 2926619 2926619 -18578 -18578 2908041 3132563 3132563 3132563 Schedule D, Part X, Line 2 The LIA and the Foundation adopted 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. The LIA and the Foundation are classified as tax-exempt organizations under Sections 501(c)(6) and 501(c)(3) respectively of the Internal Revenue Code. Nevertheless, both may be subject to tax on income unrelated to their respective exempt purposes, unless that income is otherwise excluded by the Code. The adoption of ASC 740-10 did not have a material impact on the Organizations consolidated financial statements, as management determined that there are no uncertain tax positions within its consolidated financial statements. SCHEDULE D, PART XI, LINE 4B REVENUES OF LIA FOUNDATION REPORTED ON A SEPARATE 990....$(189,078) ELIMINATIONS......................170,500 ---------- $ (18,578) ========== X X X false true false Kevin S Law President & CEO 395000 0 75000 0 2450 0 50100 0 11312 0 533862 0 0 0 Matthew Cohen VP of Government Affairs 184282 0 0 0 6000 0 5046 0 249 0 195577 0 0 0 Form 990, Schedule J, Line 4(b) The President & CEO, Kevin S. Law, received employer-funded contributions, amounting to $39,500 to a non-qualified deferred compensation plan in the year ended December 31, 2019. These amounts are reported in Schedule J, Part II, column (c). 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 Island's economy. Form 990, Part VI, Line 7 The Association's members are reserved the right in the Association's bylaws to elect those individuals that will serve on the Association's Board of Directors. Form 990, Part VI, Line 11 The Form 990 was prepared by a national accounting firm in conjunction with the organization's financial department and was provided to the President/Ceo, the Chairman and the treasurer of the board of directors and the Chief Financial Officer for initial review. Once the final draft is complete, copies are made available to both the Executive Committee and the Audit and Finance Committee prior to its filing with the Internal Revenue Service. Form 990, Part VI, LIne 12 The Association has a conflict of interest policy in place that governs the activities of the Association's officers, trustees and employees. 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. These questionnaires are reviewed to ensure compliance with the Association's conflict of interest policy. No conflicts have been uncovered within the covered year; to the extent any potential conflicts are, the Association investigates them immediately. Form 990, Part VI, LInes 15a & 15b The Association's President & CEO's compensation is reviewed and approved annually by the executive committee of 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. The President does not participate nor does he vote on his own compensation. For the Association's other officers, compensation is determined by the President & CEO and the Finance Committee. All compensation decisions are documented in committee meeting minutes. 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 VII - Related Organization Hours Worked President/CEO, Kevin S. Law, Chairman of the board, Lawrence Waldman, and Board of directors members, Brian Cullen, Robert Catell and Charles Strain sit on the Board of directors of the LIA Foundation, Inc. Long Island Association Foundation 300 Broadhollow Rd Melville NY 11747 113539717 Fundraising NY 501(C)(3) 11 LIA true Accelerate Long Island 300 Broadhollow Road Melville NY 11747 800775764 Econ. Develop NY 501(c)(6) N/A lia true false false true false false false false false false false false true true true true false true false false LIA Foundation C 170500 direct cost