2016-08-18T13:31:09-05:00 2015-12-31 EISNERAMPER LLP 111 WOOD AVE SO STE 600 ISELIN NJ 088302700 990 2015-01-01 132928479 Life Insurance Council of New York Inc % LINDA NUSBAUM LIFE 5184368417 111 WASHINGTON AVENUE Suite 300 ALBANY NY 12210 MARY A GRIFFIN president & ceo 5184368417 2016-09-01 true MICHAEL SOMER P00094591 7322437000 2015 2016-12-15 16:53:06Z X MARY A GRIFFIN 111 WASHINGTON AVE STE 300 ALBANY NY 12210 5234415 false X www.licony.org X 1977 NY SEE SCHEDULE O ATTACHMENT 15 15 9 0 4800000 4848725 0 0 58473 57052 238051 226969 5096524 5132746 0 0 0 0 3575163 3663782 0 0 0 1500838 1490953 5076001 5154735 20523 -21989 3288401 3380319 3074872 3116831 213529 263488 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. false false 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. false false true true false false false false false true false false false true true true false 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 false true 14 0 true 9 true false false false false false false X 15 15 false false false false true true true true true false false false true true true true true true true false X LINDA NUSBAUM 5184368417 111 WASHINGTON AVENUE SUITE 300 ALBANY NY 12210 SHEILA K DAVIDSON DIRECTOR 1.0 0.0 X 0 0 0 DAVID J WALSH CHAIRMAN 1.0 0.0 X X 0 0 0 TIMOTHY A WALSH CHAIRMAN - ELECT 1.0 0.0 X X 0 0 0 DAVID J SLOANE DIRECTOR 1.0 0.0 X 0 0 0 JIM COPPEDGE DIRECTOR 1.0 0.0 X 0 0 0 KEVIN M RAMPE DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL A ZARCONE PAST CHAIRMAN 1.0 0.0 X X 0 0 0 BRUCE W BOYEA DIRECTOR 1.0 0.0 X 0 0 0 THOMAS J MORAN DIRECTOR 1.0 0.0 X 0 0 0 DAVE S HATTEM DIRECTOR 1.0 0.0 X 0 0 0 SCOTT DOLFI SECRETARY - TREASURER 1.0 0.0 X X 0 0 0 THOMAS E RATTMANN DIRECTOR 1.0 0.0 X 0 0 0 Karen M Elinski DIRECTOR 1.0 0.0 X 0 0 0 John R Hunter DIRECTOR 1.0 0.0 X 0 0 0 Raul Rivera DIRECTOR 1.0 X 0 0 0 THOMAS E WORKMAN PRESIDENT & CEO 50.0 0.0 X 1413356 0 56376 DIANE D STUTO EXEC VICE PRESIDENT 40.0 0.0 X 405971 0 52628 JANA LEE PRUITT EXEC VICE PRESIDENT 40.0 0.0 X 378923 0 29343 JOHN KISSOON VICE PRESIDENT 40.0 0.0 X 273301 0 47557 DONNA SEON OFFICE MANAGER 40.0 0.0 X 134761 0 18662 LINDA M NUSBAUM MANAGER/LEGISLATIVE ASSISTANT 40.0 0.0 X 101485 0 39509 2707797 0 244075 6 false true false Greenberg Traurig LLP 545 STATE STREET 6TH FLOOR ALBANY NY 12207 LEGAL REPRES.& COMP. 105437 1 X 4848725 4848725 0 58721 58721 0 0 0 0 0 100000 101669 -1669 -1669 -1669 0 0 0 REIMBURSED EXPENSES 900099 226969 226969 226969 5132746 284021 0 0 0 0 2496271 0 478010 361842 216495 111164 0 7310 110492 0 0 0 0 0 124243 0 0 365651 66841 0 286461 0 0 12468 61537 OUTSIDE COUNSULTANTS 271299 MEMBERSHIP FEES 21627 OTHER EXPENSES 163024 5154735 X 702162 532664 1032367 1289555 0 0 5000 5097 0 0 0 0 0 0 0 0 75675 70327 167631 114605 65493 53026 1407704 1429650 0 0 0 0 0 0 0 0 3288401 3380319 475437 511302 0 0 545850 641050 0 0 0 0 0 0 0 0 0 0 2053585 1964479 3074872 3116831 X 213529 263488 0 0 0 0 213529 263488 3288401 3380319 X -21989 -27619 99567 X X false true X true false 500 40 false false false 4848725 1212181 1212181 1212181 PART I-A LINE 1; CONTRIBUTIONS TO CAMPAIGN COMMITTEES AND HOSTING FUNDRAISERS FOR CANDIDATES 31534 31534 81831 58396 23435 54265 24674 29591 53026 0 ACCRUED PENSION COSTS 1800663 ACCRUED RENT 163816 1964479 X 5105127 -27619 -27619 5132746 5132746 5154735 5154735 5154735 Schedule D, Part X, #2 THE INTERNAL REVENUE SERVICE ("IRS") HAS RECOGNIZED THE ORGANIZATION AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX PROVISIONS, IF ANY. THERE WERE NO INCOME TAX-RELATED INTEREST AND PENALTIES RECORDED FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014. X false false X X X false false false THOMAS E WORKMAN PRESIDENT & CEO 700000 0 643484 0 69872 0 7950 0 48426 0 1469732 0 0 0 DIANE D STUTO EXEC VICE PRESIDENT 303000 0 102971 0 0 0 7950 0 44678 0 458599 0 0 0 JANA LEE PRUITT EXEC VICE PRESIDENT 287000 0 91923 0 0 0 7950 0 21393 0 408266 0 0 0 JOHN KISSOON VICE PRESIDENT 210000 0 63301 0 0 0 6300 0 41257 0 320858 0 0 0 DONNA SEON OFFICE MANAGER 104000 0 30761 0 0 0 3120 0 15542 0 153423 0 0 0 PART II OTHER REPORTABLE COMPENSATION OTHER REPORTABLE COMPENSATION INCLUDES HOUSING, TRANSPORTATION ALLOWANCE AND INSURANCE PREMIUM REIMBURSEMENT. PART I, LINE 1B AND 2: The housing allowance was paid to Thomas Workman as a negotiated part of his compensation arrangement. Since the allowance is part of his compensation, no substantiation was required. 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 12/31/15, THE ORGANIZATION HAD 53 MEMBER COMPANIES, 21 ASSOCIATE MEMBERS AND 22 ALLIED PROFESSIONAL FIRM 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 11: THE FORM IS PREPARED BY OUTSIDE AUDIT 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'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S ALBANY ADDRESS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN ADDITIONAL MINIMUM LIABILITY RELATED TO PENSION COSTS:99,567 TOTAL TO FORM 990, PART XI, LINE 9: 99,567 FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS NOR ITS SELECTION PROCESS DURING THE CURRENT TAX YEAR. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: 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.