2019-09-09T16:45:30-05:00 2018-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-01-01 111617383 Long Island Association Inc % MICHELLE BYRNE LONG 6314933000 300 Broadhollow Road Melville NY 117474840 MICHELLE BYRNE CHIEF FINANCIL OFF. 6314933048 2019-09-09 true Scott Thompsett P00741490 2125990100 209.220.136.124 26377520192525000038 2019-09-09 P 616499AAE914CCE770BB400E887BF1218FAF8889 D1FBB3148F42021545F7FA60A5C23C6764904E40 2018 2019-02-21 02:37:17Z Kevin S Law 300 BROADHOLLOW ROAD Melville NY 11747 2528914 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. 72 71 10 0 0 0 453710 162100 2489124 2351301 8449 8549 20113 6964 2971396 2528914 0 0 0 0 1516543 1503949 0 0 0 1692639 1094105 3209182 2598054 -237786 -69140 2393822 2422978 1242038 1340334 1151784 1082644 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 The Long Island Association is the leading business organization in the Long Island region and works to lead Long Island's economic growth and to improve the business climate in the region. 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. The Association's Luncheons 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. 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 8 0 true 10 true false false false false true true false false false X 72 71 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 464772 0 59081 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 ESQ 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 0.0 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 III Director 1.0 0.0 X 0 0 0 ANTHONY N DALESSIO DIRECTOR (thru 9/2018) 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 Elchhorn Director 1.0 0.0 X 0 0 0 jeffrey d alter Director 1.0 0.0 X 0 0 0 Joy fernandez director (thru 9/2018) 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 JOHN GUTLEBER 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 Louis Mastrianni Director (thru 5/2018) 1.0 0.0 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 Patrick Nowakowski DIRECTOR (thru 5/2018) 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 1.0 0.0 X 0 0 0 LOIS CARTER SCHLISSEL Director 1.0 0.0 X 0 0 0 scott schoen Director (thru 5/2018) 1.0 0.0 X 0 0 0 SAMUEL L STANLEY JR MD Director 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 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 Edward Bushey Director (thru 5/2018) 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 (As of 5/2018) 1.0 0.0 X 0 0 0 Steve Convoy Director (As of 1/2018) 1.0 0.0 X 0 0 0 Gregory Penza Director (As of 3/2018) 1.0 0.0 X 0 0 0 Alton Byrd Director (As of 3/2018) 1.0 0.0 X 0 0 0 Jane Duggan Director (As of 1/2018) 1.0 0.0 X 0 0 0 Phillip Eng Director (As of 5/2018) 1.0 0.0 X 0 0 0 Maureen Evers Willox Director (As of 9/2018) 1.0 0.0 X 0 0 0 Joe Giametta Director (As of 5/2018) 1.0 0.0 X 0 0 0 Bill Golden Director (As of 10/2018) 1.0 0.0 X 0 0 0 Dr Alan D Guerci Director (As of 9/2018) 1.0 0.0 X 0 0 0 Debby Krenek Director (As of 5/2018) 1.0 0.0 X 0 0 0 Erika Rudnick Director (As of 3/2018) 1.0 0.0 X 0 0 0 Cathy Verrelli Director (As of 9/2018) 1.0 0.0 X 0 0 0 Matthew Cohen VP of Government Affairs 40.0 0.0 X 185771 0 5046 MICHELLE BYRNE Chief Financial Officer 40.0 1.0 X 113079 0 27227 763622 0 91354 3 false true false washington speakers bureau 1663 prince street ALEXANDRIA VA 22314 guest speakers 103383 1 162100 162100 MEMBERSHIP DUES 900099 1138666 1138666 NETWORKING EVENTS 900099 1212635 1212635 2351301 8549 8549 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 6964 6964 6964 2528914 2351301 15513 0 0 0 0 1044563 0 224196 97646 60388 77156 0 2176 71000 0 0 0 239403 35025 101170 12482 0 178003 9532 0 12452 242 0 7307 33187 LONG ISLAND BUSINESS EVENTS 103719 BUSINESS EVENT FACILITY FEES 163691 SPEAKER FEES 103384 DUES & SUBSCRIPTIONS 19561 1771 2598054 0 0 2002443 2024377 0 0 14705 18775 0 0 0 0 0 0 0 0 47895 33462 400337 388314 14453 12023 0 0 0 0 0 0 0 0 314326 334341 2393822 2422978 477165 531815 0 0 723461 777680 0 0 0 0 0 0 0 0 0 0 41412 30839 1242038 1340334 X 1151784 1082644 0 0 0 0 1151784 1082644 2393822 2422978 -69140 X false true X true false false false true 1138666 90549 26816 117365 113867 3498 15033 9823 5210 255793 248980 6813 129511 129511 12023 DEFERRED COMPENSATION 255988 SECURITY DEPOSIT 16682 OTHER ASSETS 61671 334341 0 ACCRUED RENT 30839 30839 X 2533994 2533994 -5080 -5080 2528914 2599444 2599444 -1390 -1390 2598054 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....$(167,180) Eliminations......................162,100 ---------- $ (5,080) ========== Schedule D, Part XI, Line 4b Expenses of LIA Foundation reported on a separate 990....$(163,490) Eliminations......................162,100 ---------- $ (1,390) ========== X X X false true false Kevin S Law President & CEO 395000 0 65000 0 4772 0 50100 0 8981 0 523853 0 0 0 Matthew Cohen VP of Government Affairs 179529 0 0 6242 0 5046 0 0 0 190817 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, 2018. 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 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. President/CEO Kevin S. Law and Board of directors Members, Doon Gibbs, Charles Strain, Samuel Stanley, Bruce Stillman, and Stuart Rabinowitz sit on the board of directors of Accelerate Long Island, 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 162100 direct cost