Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $358,695

• 2a · Program service revenue: MEMBERSHIP DUES

  total $4,955,581 · related or exempt $4,955,581

• 2b · Program service revenue: CONFERENCES/MEETINGS

  total $614,699 · related or exempt $614,699

• 3 · Investment income

  total $68,365 · excluded $68,365

• 6a · Gross rents

  real property $6,300

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $6,300

• 6d · Net rental income or loss

  total $6,300 · excluded $6,300

• 7a · Gross sales of assets other than inventory

  securities $345,331

• 7b · Less cost or other basis and sales expenses

  securities $383,965

• 7c · Gain or loss

  securities -$38,634

• 7d · Net gain or loss

  total -$38,634 · excluded -$38,634

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $2,462,484 · related or exempt $2,462,484

• 11b · Other revenue: MISCELLANEOUS

  total $25,608 · related or exempt $25,608

• 11e · Other revenue, total

  $2,488,092

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $969,232

• 7 · Other salaries and wages

  total $3,712,260

• 8 · Pension plan contributions

  total $103,075

• 9 · Other employee benefits

  total $392,494

• 10 · Payroll taxes

  total $317,665

• 11a · Fees: management

  total $131,503

• 11b · Fees: legal

  total $29,418

• 11c · Fees: accounting

  total $41,584

• 11d · Fees: lobbying

  total $328,098

• 11g · Fees: other

  total $8,341

• 12 · Advertising and promotion

  total $188,519

• 13 · Office expenses

  total $67,802

• 14 · Information technology

  total $217,832

• 16 · Occupancy

  total $376,562

• 17 · Travel

  total $182,879

• 19 · Conferences, conventions and meetings

  total $448,724

• 22 · Depreciation, depletion and amortization

  total $31,343

• 23 · Insurance

  total $123,195

• 24a · Other expenses: ASSOCIATION DUES

  total $54,205

• 24b · Other expenses: MISCELLANEOUS

  total $46,110

• 24c · Other expenses: SUPPLIES/REF. MATERIALS

  total $39,201

• 24d · Other expenses: TRAINING

  total $12,390

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,114,142 · end of year $1,461,853

• 2 · Savings and temporary cash investments

  beginning of year $312,312 · end of year $9,596

• 4 · Accounts receivable

  beginning of year $388,156 · end of year $345,975

• 9 · Prepaid expenses and deferred charges

  beginning of year $259,540 · end of year $266,107

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

  $373,335

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

  $295,508

• 10c · Land, buildings and equipment, net

  beginning of year $74,555 · end of year $77,827

• 11 · Investments: publicly traded securities

  beginning of year $1,350,807 · end of year $1,096,939

• 15 · Other assets

  beginning of year $1,349,235 · end of year $1,077,763

• 17 · Accounts payable and accrued expenses

  beginning of year $236,753 · end of year $286,873

• 19 · Deferred revenue

  beginning of year $172,122 · end of year $62,579

• 25 · Other liabilities

  beginning of year $4,895,475 · end of year $2,371,702

• 27 · Net assets without donor restrictions

  beginning of year -$455,603 · end of year $1,614,906

The filer's explanations (Part III)

PART I, LINE 1A

PART 1, LINE 1B: THE PRESIDENT/CEO IS REQUIRED TO PRESENT DOCUMENTATION AND REIMBURSE THE ORGANIZATION FOR ANY PERSONAL COSTS RELATED TO THESE ACTIVITIES.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• THE BUSINESS COUNCIL SERVICE CORPORATION

  C · MARKETING SERVICES RELATED TO LINES OF INSURANCE OFFERED BY INSURANCE FUND · NY · 100% owned · share of income $1,020,738 · share of assets $309,456 · controlled entity

  Directly controlled by BUSINESS COUNCIL OF NEW YORK STATE INC

• THE BUSINESS COUNCIL WORKERS' COMPENSATION ADMINISTRATORS INC

  C · MARKETING SERVICES FOR A WORKERS COMPENSATION SAFETY GROUP. · NY · 100% owned · share of assets $14,381 · controlled entity

  Directly controlled by BUSINESS COUNCIL OF NEW YORK STATE INC

• BUSINESS COUNCIL OF NEW YORK STATE INSURANCE FUND

  C · PROVIDING VARIOUS INSURANCE COVERAGES THROUGH GROUP POLICIES · NY · 100% owned · share of income $2,842,532 · share of assets $6,386,768 · controlled entity

  Directly controlled by BUSINESS COUNCIL OF NEW YORK STATE INC