2012-12-18T11:55:05-06:00 2011-12-31 112355064 HOLTZ RUBENSTEIN REMINICK LLP 125 BAYLIS ROAD MELVILLE NY 117473823 990 2011-01-01 112548822 ISLIP ARTS COUNCIL INC ISLI 6312245420 50 IRISH LANE EAST ISLIP NY 11730 LYNDA MORAN 6312245420 2012-11-29 1 ELLEN M LABITA P00140777 6317527400 2011 2016-02-24 21:20:13Z LYNDA MORAN 50 IRISH LANE EAST ISLIP NY 11730 489443 0 X WWW.ISLIPARTS.ORG X 1979 NY THE ISLIP ARTS COUNCIL IS DEDICATED TO LEADERSHIP, ADVOCACY AND EXCELLENCE IN THE ARTS BY PRESENTING, PRODUCING AND PROMOTING CULTURALLY RESPONSIVE, HIGH QUALITY PROGRAMS FOR DIVERSE POPULATIONS IN VARIED ARTISTIC DISCIPLINES. IN PARTNERSHIP WITH LOCAL, STATE, FEDERAL AND PRIVATE ORGANIZATIONS, OUR GOAL IS TO FACILITATE THESE PROGRAMS IN RESPONSE TO THE NEEDS OF OUR COMMUNITY AND LONG ISLAND AT LARGE. 11 11 16 125 0 0 259613 425793 32946 63650 0 0 0 0 292559 489443 0 0 0 0 161090 234974 0 0 38013 209683 306504 370773 541478 -78214 -52035 38202 8900 50982 73715 -12780 -64815 X SEE SCHEDULE OTHE ISLIP ARTS COUNCIL IS DEDICATED TO LEADERSHIP, ADVOCACY AND EXCELLENCE IN THE ARTS BY PRESENTING, PRODUCING AND PROMOTING CULTURALLY RESPONSIVE, HIGH QUALITY PROGRAMS FOR DIVERSE POPULATIONS IN VARIED ARTISTIC DISCIPLINES. IN PARTNERSHIP WITH LOCAL, STATE, FEDERAL AND PRIVATE ORGANIZATIONS, OUR GOAL IS TO FACILITATE THESE PROGRAMS IN RESPONSE TO THE NEEDS OF OUR COMMUNITY AND LONG ISLAND AT LARGE. 1 0 249309 63650 PROVIDE PROGRAMS IN MUSIC GENRES INCLUDING CHAMBER MUSIC, JAZZ, CLASSICAL, POPULAR AND MORE TO THE TOWN OF ISLIP AND LONG ISLAND. 196929 EFFECTIVE JANUARY 1, 2011, THE COUNCIL ENTERED INTO AN AGREEMENT WITH THE TOWN OF ISLIP TO MANAGE AND ADMINISTER THE ISLIP ART MUSEUM (THE "MUSEUM"). THE COUNCIL IS PAID AN ADMINISTRATIVE FEE FOR ITS SERVICES AND IS REQUIRED TO PAY CERTAIN EXPENSES OF OPERATING THE MUSEUM. THE COUNCIL ALSO RETAINS A PORTION OF CERTAIN NET REVENUES EARNED BY THE MUSEUM. THE INITIAL AGREEMENT EXPIRED ON DECEMBER 31, 2011, WITH EXTENSIONS AVAILABLE THROUGH DECEMBER 31, 2014. 446238 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X LYNDA MORAN EXECUTIVE DIRECTOR 6312245420 50 IRISH LANE EAST ISLIP NY 11730 X LILLIAN BARBASH 1.00 X 0 0 0 NICK WARTELLA 1.00 X X 0 0 0 AMY MCGRATH 1.00 X X 0 0 0 MARIAN CONWAY 1.00 X X 0 0 0 LYNDA A MORAN 40.00 X X 60000 0 17172 PHYLLIS OZARIN 1.00 X X 0 0 0 NORMA DOWNEY 1.00 X 0 0 0 DAVID A GABAY ESQ 1.00 X 0 0 0 DON LANG 1.00 X 0 0 0 GERARD MCLEOD 1.00 X 0 0 0 MARY LOU COHALAN 1.00 X 0 0 0 JAMES D SUTTON 1.00 X 0 0 0 SHARON WAY-HOWARD 1.00 X 0 0 0 60000 0 17172 0 0 0 0 0 233499 192294 425793 TICKET & PROGRAM REVEN 711190 63650 63650 63650 489443 63650 0 0 77172 57879 19293 140503 115528 24975 3830 1389 2441 13469 11501 1968 32939 24037 5061 3841 3034 3034 ARTISTS & MUSICIANS 139197 139197 EVENT EXPENSE 79866 79783 83 OUTSIDE FEES & SERVICES 30081 6678 18903 4500 TECHNICAL PRODUCTION 767 767 20620 9479 10853 288 541478 446238 57227 38013 10164 8866 4 4 25000 0 9100 9100 3034 0 0 30 38202 8900 26027 73395 4740 320 20215 0 50982 73715 X -12780 -64815 0 0 0 0 -12780 -64815 38202 8900 -52035 0 X 0 1 0 X 0 X 275724 233828 195593 259613 425793 1390551 275724 233828 195593 259613 425793 1390551 2681 1387870 4896 1199 178 6273 1396824 179254 0.99360 0.97900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9100 9100 0 0 489443 541478 -52035 -52035 588830 99387 99387 489443 0 489443 640865 99387 99387 541478 0 541478 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED THE COUNCIL'S TAX POSITIONS AND CONCLUDED THAT THE COUNCIL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION 740. GENERALLY, THE COUNCIL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 EFFECTIVE JANUARY 1, 2011, THE COUNCIL ENTERED INTO AN AGREEMENT WITH THE TOWN OF ISLIP TO MANAGE AND ADMINISTER THE ISLIP ART MUSEUM (THE "MUSEUM"). THE COUNCIL IS PAID AN ADMINISTRATIVE FEE FOR ITS SERVICES AND IS REQUIRED TO PAY CERTAIN EXPENSES OF OPERATING THE MUSEUM. THE COUNCIL ALSO RETAINS A PORTION OF CERTAIN NET REVENUES EARNED BY THE MUSEUM. THE INITIAL AGREEMENT EXPIRED ON DECEMBER 31, 2011, WAS EXTENDED FOR 2012, WITH EXTENSIONS AVAILABLE THROUGH DECEMBER 31, 2014. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN A COPY IS DISTRIBUTED TO THE BOARD. THEN THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL COMPLETE ANNUALLY A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THE POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL RESPONSIBLE PERSONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VII, LINE 1, SECTION A LYNDA A. MORAN IS COMPENSATED AS OFFICER OF THE ORGANIZATION AND NOT AS A BOARD MEMBER OF THE ORGANIZATION. THE ORGANIZATION IS FILING UNDER IRS NOTICE IR-2012-83. THE ORGANIZATION RESIDES IN A COUNTY THAT WAS AFFECTED BY HURRICANCE SANDY AND REQUIRED THE ADDITIONAL TIME TO FILE.