Long Island Business Development Council Inc
- Assets
- $201.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Commack, NY
- Founding
- 07/2007
- Data as of
- 10/2023
- EIN
- 11-3316342
Organization Overview
Long Island Business Development Council Inc is located in Commack, NY. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Long Island Business Development Council Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Long Island Business Development Council Inc generated $139.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $138.0k during the year ending 10/2023. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE LIBDC HELPS ITS MEMBERS FOR CLOSE ASSOCIATIONS ANDBUSINESS RELATIONSHIPS WHILE PROVIDING A PLATFORM FOR AN HONEST EVALUATION OF LONG ISLAND'S ECONOMIC FUTURE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore P Sasso Jr Co-Chair | 5 | $0 | |
Mitchell Pally Co-Chair | 5 | $0 | |
Steven E Schramm Treasurer | 10 | $0 | |
William Mannix Executive Board | 5 | $0 | |
Andrew D Presberg ESQ Executive Board | 5 | $0 | |
Marlene Mcdonnel Executive Board | 15 | $10,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $16,450 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $122,931 |
| Total Revenue | $139,381 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,500 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,964 |
| Other expenses | $117,555 |
| Total expenses | $137,969 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $201,573 |
| Other assets | $0 |
| Total assets | $201,573 |
| Total liabilities | $0 |
| Net assets or fund balances | $201,573 |