Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $29,711

• 2a · Program service revenue: MEMBERSHIP DUES

  total $4,793,615 · related or exempt $4,793,615

• 2b · Program service revenue: CONFERENCES/MEETINGS

  total $522,159 · related or exempt $522,159

• 3 · Investment income

  total $63,053 · excluded $63,053

• 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 $64,014

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

  securities $65,781

• 7c · Gain or loss

  securities -$1,767

• 7d · Net gain or loss

  total -$1,767 · excluded -$1,767

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $2,127,840 · related or exempt $2,127,840

• 11b · Other revenue: MISCELLANEOUS

  total $26,598 · related or exempt $26,598

• 11e · Other revenue, total

  $2,154,438

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $930,773

• 7 · Other salaries and wages

  total $3,375,510

• 8 · Pension plan contributions

  total $91,253

• 9 · Other employee benefits

  total $356,232

• 10 · Payroll taxes

  total $293,040

• 11a · Fees: management

  total $164,807

• 11b · Fees: legal

  total $19,411

• 11c · Fees: accounting

  total $35,501

• 11d · Fees: lobbying

  total $147,506

• 11g · Fees: other

  total $6,606

• 12 · Advertising and promotion

  total $166,989

• 13 · Office expenses

  total $69,742

• 14 · Information technology

  total $159,778

• 16 · Occupancy

  total $353,195

• 17 · Travel

  total $178,335

• 19 · Conferences, conventions and meetings

  total $399,664

• 22 · Depreciation, depletion and amortization

  total $31,995

• 23 · Insurance

  total $123,119

• 24a · Other expenses: MISCELLANEOUS

  total $47,423

• 24b · Other expenses: ASSOCIATION DUES

  total $43,171

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

  total $39,693

• 24d · Other expenses: TRAINING

  total $6,275

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,305,397 · end of year $1,114,142

• 2 · Savings and temporary cash investments

  beginning of year $11,123 · end of year $312,312

• 4 · Accounts receivable

  beginning of year $404,325 · end of year $388,156

• 9 · Prepaid expenses and deferred charges

  beginning of year $183,312 · end of year $259,540

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

  $413,765

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

  $339,210

• 10c · Land, buildings and equipment, net

  beginning of year $106,549 · end of year $74,555

• 11 · Investments: publicly traded securities

  beginning of year $1,254,271 · end of year $1,350,807

• 15 · Other assets

  beginning of year $1,625,233 · end of year $1,349,235

• 17 · Accounts payable and accrued expenses

  beginning of year $181,094 · end of year $236,753

• 19 · Deferred revenue

  beginning of year $17,579 · end of year $172,122

• 25 · Other liabilities

  beginning of year $6,467,034 · end of year $4,895,475

• 27 · Net assets without donor restrictions

  beginning of year -$1,775,497 · end of year -$455,603

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 $910,687 · share of assets $324,162 · 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 $18,951 · 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 $2,097,174 · share of assets $7,335,592 · controlled entity

  Directly controlled by BUSINESS COUNCIL OF NEW YORK STATE INC