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Nonprofiteer
← LONG ISLAND BUILDERS INSTITUTE INC

Form 990 for tax year 2022

Filed by LONG ISLAND BUILDERS INSTITUTE INC.

Totals

Total revenue
$1,730,357
Total expenses
$1,912,608
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,625,227
Investment income
$380
Other revenue
$104,750
Total assets, end of year
$870,852
Total liabilities, end of year
$460,262
Net assets or fund balances, end of year
$410,590
Program services expenses (Part IX)
$618,909
Management and general expenses
$1,293,699
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 32.4% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $786,579 · related or exempt $786,579

  • 2b · Program service revenue: MEMBERSHIP MEETINGS

    total $624,746 · related or exempt $624,746

  • 2c · Program service revenue: INSURANCE INCOME

    total $193,105 · unrelated business $193,105

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $20,797 · related or exempt $20,797

  • 3 · Investment income

    total $380 · excluded $380

  • 8a · Fundraising events: gross income

    $364,983

  • 8b · Fundraising events: direct expenses

    $260,233

  • 8c · Net income from fundraising events

    total $104,750

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $410,000 · management and general $410,000

  • 7 · Other salaries and wages

    total $370,192 · management and general $370,192

  • 8 · Pension plan contributions

    total $25,252 · management and general $25,252

  • 9 · Other employee benefits

    total $60,317 · management and general $60,317

  • 10 · Payroll taxes

    total $40,326 · management and general $40,326

  • 11c · Fees: accounting

    total $15,718 · management and general $15,718

  • 13 · Office expenses

    total $14,862 · management and general $14,862

  • 16 · Occupancy

    total $23,595 · management and general $23,595

  • 17 · Travel

    total $28,021 · management and general $28,021

  • 22 · Depreciation, depletion and amortization

    total $84,716 · management and general $84,716

  • 23 · Insurance

    total $9,593 · management and general $9,593

  • 24a · Other expenses: DUES

    total $362,672 · program services $362,672

  • 24b · Other expenses: MEMBERSHIP MEETINGS

    total $141,224 · program services $141,224

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $78,577 · program services $78,577

  • 24d · Other expenses: PUBLIC RELATIONS

    total $64,126 · management and general $64,126

  • 24e · All other expenses

    total $183,417 · program services $36,436 · management and general $146,981

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,608 · end of year $168,309

  • 2 · Savings and temporary cash investments

    beginning of year $535,154 · end of year $412,479

  • 4 · Accounts receivable

    beginning of year $57,149 · end of year $47,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,874 · end of year $12,352

  • 10a · Land, buildings and equipment: cost or other basis

    $557,012

  • 10b · Land, buildings and equipment: accumulated depreciation

    $326,685

  • 10c · Land, buildings and equipment, net

    beginning of year $19,896 · end of year $230,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,840 · end of year $117,015

  • 19 · Deferred revenue

    end of year $16,923

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    end of year $176,324

  • 27 · Net assets without donor restrictions

    beginning of year $592,841 · end of year $410,590

Mission and programs · 2022

Mission

THE LONG ISLAND BUILDERS INSTITUTE, FORMED IN 1941, IS AN ASSOCIATION OF BUILDING INDUSTRY PROFESSIONALS WHO ARE DEDICATED TO MAKING LONG ISLAND A BETTER PLACE TO LIVE AND WORK BY CREATING A BALANCE BETWEEN THE ECONOMY, THE ENVIRONMENT, AND THE ACHIEVEMENT OF THE AMERICAN DREAM OF HOME OWNERSHIP IN ALL OF OUR COMMUNITIES.

Activities or mission (Part I)

TRADE ORGANIZATION SERVING THE NEEDS OF THE BUILDING INDUSTRY ON LONG ISLAND.

  • GENERAL MEMBERSHIP MEETINGS - TO PROVIDE OPPORTUNITIES FOR THE MEMBERS TO EXCHANGE VIEWS AND INFORMATION ABOUT BUILDING AND RELATED INDUSTRIES. ON AVERAGE 150 MEMBERS ATTEND EACH MEETING.

  • WORKERS COMPENSATION INSURANCE PROGRAM - TO PROVIDE WORKERS COMPENSATION INSURANCE COVERAGE ON A GROUP BASIS. INCOME IS CONSIDERED TO BE UNRELATED BUSINESS TAXABLE INCOME AND IS REPORTED ON FORM 990-T.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JIM COUGHLAN

    CHAIRMAN OF

    Total calculated
    $0

  • STEVEN KRIEGER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • VINCENT CALVOSA

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • NICK DALVANO

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • MARTIN DETTLING

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • ANTHONY BARTONE

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MITCHELL PALLY

    CEO

    Total calculated
    $433,246
    From this org
    $410,000
    From related orgs
    $0
    Other
    $23,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $23,246
    Filer's total
    $433,246

  • LOIS FRICKE

    OPERATIONS D

    Total calculated
    $187,099
    From this org
    $166,000
    From related orgs
    $0
    Other
    $21,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $21,099
    Filer's total
    $187,099

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 August 2023
IRS schema version
2022v5.0
Source object
202312899349302081

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