Totals
- Total revenue
- $27,500
- Total expenses
- $70,000
- Contributions and grants received
- $27,500
- Grants paid
- $70,000
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $35,209
- Total liabilities, end of year
- $10,000
- Net assets or fund balances, end of year
- $25,209
- Program service expenses (Part III)
- $70,000
Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO ITS PARENT ORGANIZATION, THE LONG ISLAND ASSOCIATION, INC. THE FOUNDATION SOLICITS GRANTS AND CONTRIBUTIONS FOR FUTURE PROJECTS THAT BENEFIT LONG ISLAND. THIS INCLUDES, BUT IS NOT LIMITED TO, GRANTS THAT WOULD IMPLEMENT PROGRAMS TO FURTHER THE LIA'S PRIORITIES TO SUPPORT ECONOMIC GROWTH ON LONG ISLAND, SUCH AS SMALL BUSINESS SUPPORT AND INITIATIVES TO CULTIVATE DIVERSITY, EQUITY, AND INCLUSION IN THE REGION'S ECONOMY. THE FOUNDATION PROVIDED $70,000 IN SUPPORT TO THE LONG ISLAND ASSOCIATION IN CALENDAR YEAR 2022.
-
DURING 2022, THE FOUNDATION RELEASED $25,000 OF GRANTS TO SUPPORT INFRASTRUCTURE PROJECTS AND EAST END BUSINESS DEVELOPMENT.
Expenses $25,000 · Grants $25,000
-
DURING 2022, THE FOUNDATION RELEASED $45,000 OF GRANTS AND SPONSORSHIPS TO SUPPORT VARIOUS LONG ISLAND ASSOCIATION PROGRAMS, PUBLICATIONS AND STUDIES, INCLUDING IMPLEMENTATION OF THE NEW SMALL BUSINESS SUPPORT PROGRAM. THE LIA LAUNCHED ITS SMALL BUSINESS SUPPORT PROGRAM IN JUNE 2022 AND COLLABORATED WITH THE LONG ISLAND AFRICAN AMERICAN CHAMBER OF COMMERCE AND LONG ISLAND HISPANIC CHAMBER OF COMMERCE TO SUPPORT AND ADVOCATE FOR LONG ISLAND'S DIVERSE SMALL BUSINESS COMMUNITY, AND STARTED HOLDING QUARTERLY JOINT MEMBERSHIP MEETINGS.
Expenses $45,000 · Grants $45,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Matthew CohenMATTHEW COHEN
DIRECTOR, LIA PRESIDENT & CEO
- Total calculated
- $0
- Hours/week
- 1
-
Robert CatellROBERT CATELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles StrainCHARLES STRAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence WaldmanLAWRENCE WALDMAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349203092
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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