The Association For A Better Long Island Inc
- Assets
- $563.5k
- Revenue
- $567.1k
- Investments
- $96.5k
- Employees
- 0
- Location
- Hauppauge, NY
- Founding
- 05/1989
- Data as of
- 10/2023
- EIN
- 11-2850123
Organization Overview
The Association For A Better Long Island Inc is located in Hauppauge, NY. The organization was established in 1989. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For A Better Long Island Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2023, Association For A Better Long Island Inc generated $567.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $420.9k during the year ending 10/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS OF THE ASSOCIATION FOR A BETTER LONG ISLAND ASSERT THE INTENT TO PROMOTE A DELIBERATE AGENDA THAT WILL PROTECT THE REGION'S ECONOMIC VIABILITY, THE ENHANCEMENT OF THE QUALITY OF LIFE OF LONG ISLANDERS AND THE REGION'S ROLE AS A COMPETITIVE FORCE IN THE GLOBAL ECONOMY. ACCORDINGLY, THE ASSOCIATION FOR A BETTER LONG ISLAND COMMITS ITS RESOURCES TO ECONOMIC GROWTH THROUGH A COLLECTIVE VISION THAT COMBINES ETHICS AND ENERGY, COMMITMENT AND COMPETENCE, PASSION AND PERFORMANCE IN THE PURSUIT OF A STRONG AND VITAL FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE IN ALL LAWFUL WAYS THE WELFARE OF ITS MEMBERS; TO UNITE THE MEMBERS FOR THE PURPOSE OF MAINTAINING AN ORGANIZATION TO CONSIDER AND ACT IN UNION UPON MATTERS AFFECTING THE BUSINESS OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laureen Harris President | OfficerTrustee | 1 | $0 |
Stephen Hess Treasurer | OfficerTrustee | 1 | $0 |
Russell Albanese Director | Trustee | 1 | $0 |
Michael Ambrosino Director | Trustee | 1 | $0 |
Ed Blumenfeld Director | Trustee | 1 | $0 |
Todd Schefler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $391,456 |
| Investment income | $5,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $170,282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,701 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $6,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,157 |
| Advertising and promotion | $0 |
| Office expenses | $7,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,268 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,877 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,224 |
| Insurance | $973 |
| All other expenses | $17,691 |
| Total functional expenses | $420,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,642 |
| Savings and temporary cash investments | $113,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,106 |
| Net Land, buildings, and equipment | $102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $96,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,522 |
| Accounts payable and accrued expenses | $2,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,844 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $560,678 |
| Total liabilities and net assets/fund balances | $563,522 |