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Nonprofiteer
← LONG ISLAND NETWORKING ELITE INC

Form 990 for tax year 2024

Filed by LONG ISLAND NETWORKING ELITE INC.

Totals

Total revenue
$201,135
Total expenses
$212,725
Contributions and grants received
$294,751
Grants paid
$135,840
Program service revenue
$0
Investment income
$0
Other revenue
-$93,616
Total assets, end of year
$161,785
Total liabilities, end of year
$163,314
Net assets or fund balances, end of year
-$1,529
Program services expenses (Part IX)
$190,912
Management and general expenses
$15,569
Fundraising expenses
$6,244
Program service expenses (Part III)
$190,912

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $70,632

  • 1c · Fundraising events

    $224,119

  • 8a · Fundraising events: gross income

    $96,469

  • 8a · Fundraising events: contributions included on line 1c

    $223,701

  • 8b · Fundraising events: direct expenses

    $190,085

  • 8c · Net income from fundraising events

    total -$93,616 · excluded -$93,616

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $135,840 · program services $135,840

  • 11c · Fees: accounting

    total $8,273 · management and general $8,273

  • 11g · Fees: other

    total $8,136 · program services $5,676 · management and general $1,255 · fundraising $1,205

  • 12 · Advertising and promotion

    total $5,894 · management and general $2,358 · fundraising $3,536

  • 13 · Office expenses

    total $933 · management and general $933

  • 14 · Information technology

    total $7,192 · program services $5,532 · management and general $830 · fundraising $830

  • 23 · Insurance

    total $2,690 · program services $1,344 · management and general $673 · fundraising $673

  • 24a · Other expenses: MEMBER EVENTS

    total $42,520 · program services $42,520

  • 24b · Other expenses: BOARD MEETINGS

    total $1,018 · management and general $1,018

  • 24c · Other expenses: POSTAGE

    total $229 · management and general $229

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,096 · end of year $155,270

  • 4 · Accounts receivable

    beginning of year $7,720 · end of year $6,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,780 · end of year $150,118

  • 19 · Deferred revenue

    beginning of year $8,975 · end of year $13,196

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,061 · end of year -$1,529

Mission and programs · 2024

Mission

LONG ISLAND ELITE EXISTS TO PROVIDE PASSIONATE PROFESSIONALS A PLATFORM TO FORGE MEANINGFUL RELATIONSHIPS TO STRATEGICALLY IMPACTING LOCAL CHARITIES WITH FUNDRAISING AND SERVICE.

  • CULTIVATING THE GROWTH AND LEADERSHIP CAPABILITIES OF LONG ISLAND BUSINESS PROFESSIONALS.

    Expenses $55,072

  • FOSTERING THE DEVELOPMENT OF LONG ISLAND BUSINESS AND PHILANTHROPIC COMMUNITIES AND RAISING AWARENESS A FUNDS FOR LOCAL CHARITIES.

    Expenses $135,840 · Grants $135,840

As filed on the 2024 return.

Listed in Part VII

  • Michael Stern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Strain

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sean Bickoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Blum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Jaycon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Lowenberg

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Mosscrop

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Cooper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nicole Hogan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard Tavarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Fink

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Baron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elisa Rosenthal

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph Calamia II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Goldberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349308396

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