2013-11-15T10:46:38-06:00 2012-12-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2012-01-01 111617383 Long Island Association Inc % PAULA CALAME LONG 6314933000 300 Broadhollow Road Suite 110W Melville NY 117474840 Paula Calame 6314933000 2013-11-14 true 2125990100 2012 2016-03-07 17:11:31Z Kevin S Law 300 BROADHOLLOW ROAD Melville NY 11747 3441050 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. 60 58 13 0 0 41050 405434 2573930 2449655 7111 453168 145562 112204 2767653 3420461 0 0 0 0 1303116 1350758 0 0 0 1077446 1364143 2380562 2714901 387091 705560 1489516 1913722 1955016 1433179 -465500 480543 X THE LONG ISLAND ASSOCIATION'S (LIA) MISSION IS TO LEAD AND UNIFY THE REGION IN ORDER TO STRENGTHEN LONG ISLAND AS A PLACE TO LIVE, WORK AND DO BUSINESS. THE LIA WAS FOUNDED IN 1926 AND IS ONE OF THE LARGEST BUSINESS ORGANIZATIONS IN THE LONG ISLAND REGION AND IN NEW YORK STATE. THE LIA'S MEMBERSHIP IS COMPRISED OF BUSINESSES, LABOR UNIONS, UNIVERSITIES, NOT-FOR-PROFITS, GOVERNMENT AGENCIES AND CIVIC GROUPS WHICH EMPLOY A SIGNIFICANT NUMBER OF LONG ISLAND'S WORKFORCE. 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 OPPORTUNITIES AND JOBS IN A CLEAN, HEALTHY AND SAFE ENVIRONMENT. - AS LONG ISLAND'S CHAMBER OF COMMERCE, PROVIDES VALUABLE SERVICES AND PROGRAMS/REPRESENTATION TO ITS MEMBERSHIP ORGANIZATIONS, PARTICULARLY THE SMALL BUSINESS COMMUNITY. false false 0 The LIA is the organization looked to both on and off the Island to articulate Long Island's needs and its future direction. It works closely with organizations throughout the state and the country to ensure a prosperous future for the region. 0 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. 0 The Association's Annual Meeting & Fall Luncheon 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. 0 false false false true false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false true false true false false false false false true true true false true 3 0 true 13 true false false false false true true false X 60 58 false false false false true true false true true false false true true true true true true true false false X PAULA CALAME 6314933027 300 BROADHOLLOW ROAD MELVILLE NY 11747 Kevin S Law 40.0 X X 408122 0 45087 JEFFREY D ALTER 1.0 X SAMUEL H ARONSON 1.0 X GENE MBERNSTEIN 1.0 X BARRY GARFIELD 1.0 X DAN FINKE 1.0 X JOHN BRUCKNER 1.0 X CALVIN O BUTTS III 1.0 X ERNEST G CANADEO 1.0 X ROBERT B CATELL 1.0 X JOHN T COSTANZO 1.0 X FRANK CRIVELLO 1.0 X BRIAN C CULLEN 1.0 X ANTHONY N DALESSIO 1.0 X HARRY E DAVITIAN 1.0 X MICHAEL J DOWLING 1.0 X JOHN R DURSO 1.0 X TRACEY EDWARDS 1.0 X MICHAEL L FALTISCHEK ESQ 1.0 X MARK FASCIANO 1.0 X ESTHER FORTUNOFF 1.0 X KEVIN GERSHOWITZ 1.0 X CHRISTOPHER GIAMO 1.0 X ARTHUR GIANELLI 1.0 X KATHERINE HEAVISIDE 1.0 X PHYLLIS HILL SLATER 1.0 X HENRY HOLLEY 1.0 X FRANK INGRASSIA 1.0 X ROBERT A ISAKSEN 1.0 X FRED GROSER 1.0 X MICHAEL T KEENAN 1.0 X JOHN KOMINICKI 1.0 X KIRK KORDELESKI 1.0 X SEYMOUR LIEBMAN 1.0 X PAUL MARKWARDT 1.0 X LOUIS MASTRIANNI 1.0 X MICHAEL MATURO 1.0 X ZACHARY MAYO 1.0 X CAROLYN MAZZENGA 1.0 X PATRICIA MCMAHON 1.0 X PAULE T PACHTER 1.0 X PHILIP PANARELLI 1.0 X CRISLER QUICK 1.0 X STUART RABINOWITZ 1.0 X ELLEN S RUDIN 1.0 X PAUL J SALERNO 1.0 X BOB SANDERS 1.0 X JACOB LAMM 1.0 X ROGER SAVELL 1.0 X WILLIAM M SAVINO 1.0 X LOIS CARTER SCHLISSEL 1.0 X ROBERT A SCOTT 1.0 X TAD SMITH 1.0 X SAMUEL L STANLEY JR MD 1.0 X BRUCE STILLMAN 1.0 X CHARLES M STRAIN 1.0 X MICHAEL N VITTORIO 1.0 X LAWRENCE J WALDMAN 1.0 X HELENA E WILLIAMS 1.0 X MIRIAM B TANENBAUM 1.0 X Barbara Legname 40.0 X 165758 0 7897 Paula Calame 40.0 X 170195 0 1700 Matthew Cohen 40.0 X 127093 0 104 PEARL KAMER 40.0 X 101399 0 1335 972567 0 56123 5 false true false THE EGC GROUP 1175 walt whitman road suite 200 MELVILLE NY 11747 mkting/advertising 293928 GRANT THORNTON 666 THIRD AVE 13TH FL NEW YORK NY 10017 AUDIT/TAX 108460 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 GUEST SPEAKERS 102044 The Harry Walker Agency Inc 355 Lexington Avenue 21st floor NEW YORK NY 10017 guest speakers 100900 4 405434 405434 NETWORKING EVENTS 900099 1289610 1289610 PUBLICATIONS 511190 77000 77000 MEMBERSHIP DUES 900099 1083045 1083045 2449655 23757 23757 0 83250 83250 0 0 0 450000 20589 429411 429411 429411 0 0 0 MANAGEMENT FEES 900099 28954 28954 28954 3420461 2449655 565372 0 0 0 0 871167 0 310518 34171 53793 81109 0 4107 41222 0 0 0 27063 362934 138751 71542 0 229369 7205 0 9434 0 0 12424 60535 SPEAKER FEES 202844 EVENT FACILITY FEES 93112 OTHER EVENT EXPENSES 103601 2714901 0 0 0 0 0 1087922 1815636 0 0 55863 40389 0 0 0 0 0 0 0 0 26657 15908 419706 401024 28755 18682 0 0 0 0 0 0 0 0 290319 23107 1489516 1913722 645149 616186 0 0 669057 604098 0 0 0 0 0 0 288031 142551 0 0 352779 70344 1955016 1433179 X -465500 480543 0 0 0 0 -465500 480543 1489516 1913722 X 705560 240483 X false true X true false false false false 1083045 54925 54925 43322 11603 0 55965 43599 12366 234231 230871 3360 129510 126554 2956 18682 0 LONG-TERM ACCRUED RENT 70344 70344 3660944 240483 240483 3420461 3420461 2714901 2714901 2714901 Schedule D, Part X, Line 2 LIA adopted the provisions of FASB Interpretation No. 48 (FIN 48") Accounting for Uncertainties in Income Taxes - an interpretation of FASB Statement No. 109," now incorporated in 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. LIA and the Foundation are classified as tax-exempt organizations under Sections 501(c)(6) and 501(c)(3) respectively of the Internal Revenue Service Code. Schedule D, Parts XI, Line 2d Results from discontinued operations $240,483 (See Schedule O for more information) Schedule D, Parts XI & XII The Long Island Association, Inc. issues consolidated audited financial statements that include the operations of an affiliated organization. The financial information of this affiliated organization is not reported on this Form 990. Accordingly, the reconciliations reported in Parts XI, XII & XIII of Schedule D reconcile back to the financial information of the Long Island Association, Inc. as presented on a standalone basis in the audited financial statements. X X X false true false Kevin S Law 325000 0 80000 0 3122 0 4050 0 41037 0 453209 0 0 0 Barbara Legname 135758 0 30000 0 0 0 1641 0 6256 0 173655 0 0 0 Paula Calame 150195 0 20000 0 0 0 1700 0 0 0 171895 0 0 0 Form 990, Schedule J, Line 4b The President & CEO, Kevin S. Law, received employer-funded contributions to a non-qualified deferred compensation plan in the year ended December 31, 2012. Form 990, Schedule J, Part II, column (b)(ii) The bonus reported in the President & CEO, Kevin S. Law's, Form W-2 for the calendar year 2012 is comprised of both a 2011 accrued bonus (paid in 2012) and his 2012 bonus (likewise paid in 2012). Ernest C Canadeo Board member 293928 marketing & advertising false Schedule L, Part IV The Long Island Association conducted business with a vendor that is owned by Board of Directors Member, Ernest C. Canadeo. In calendar 2012, the Long Island Association paid EGC Group $293,928 for marketing and advertising, of which $233,875 was paid out to vendors. Form 990, Part VI, Line 11 The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department and was provided to the President/Ceo prior to filing. Copies were also made available to the full Board of Directors. Form 990, Part VI, Line 12 The Association has a conflict of interest policy in place. 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. The Association monitors compliance with its conflict of interest policy. Potential conflicts are investigated immediately. Form 990, Part VI, Line 15 The Association's President & CEO's compensation is determined by the compensation committee of the Board of Directors and ultimately approved by 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. For the Association's other officers, compensation is determined by the President & CEO. 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 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 Islands economy. Form 990, Part VI, Line 7 The Association's members are reserved the right to elect those individuals that will serve on the Association's Board of Directors. Form 990, Part XI, Line 9 On October 5th, 2012, the Long Island Association entered into a Stock Purchase Agreement with an unrelated third party. Pursuant to the agreement, the LIA sold 100% of the issued and outstanding shares of common stock in LIA holding corp, its former subsidiary. Results from discontinued operations as of the date of the sale were $240,483. Long Island Association Foundation 300 Broadhollow Rd Melville NY 11747 113539717 Fundraising NY 501(C)(3) 11 NA true Accelerate Long Island 300 Broadhollow Road Melville NY 11747 800775764 Econ. Develop NY 501(c)(6) N/A NA true Long Island Association Action Committee 300 Broad Hollow Road Melville NY 11747 112840610 PAC FUND NY 527 N/A NA false LIA Holding Corp & Subsidiaries 300 Broadhollow Road Melville NY 11747 113619281 Insurance NY NA C Corp 240463 0 0.00000 false true false true false false false false false false false true true true true false true false true LIA Holdings Corp & Subsidiaries a 83250 contractual LIA Foundation c 405434 direct cost LIA Holdings Corp & Subsidiaries S 240483 Accrual LIA Holdings Corp & Subsidiaries L 28954 cost Form 990, Schedule R, Part V The Long Island Association's ownership of LIA Holdings, Inc. & Subsidiaries ceased as of October 5th, 2012 when 100% of the issued and outstanding shares of common stock of Holdings were sold to an unrelated third party. In the interests of clarity, the Association continues to disclose Holdings as a related party since that relationship existed for part of the year. Related party transactions include the payment of a royalty of $83,250 (which represents a specified payment under Section 512(b)(13)) and the results from discontinued operations of $240,483 (which have been coded with transaction S). Prior to the sale, the Association also received $28,954 in management fees from LIAHA.