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Nonprofiteer
← LONG ISLAND NETWORKING ELITE INC

Form 990 for tax year 2023

Filed by LONG ISLAND NETWORKING ELITE INC.

Totals

Total revenue
$162,771
Total expenses
$168,970
Contributions and grants received
$256,798
Grants paid
$118,000
Program service revenue
$0
Investment income
$0
Other revenue
-$94,027
Total assets, end of year
$141,816
Total liabilities, end of year
$131,755
Net assets or fund balances, end of year
$10,061
Program services expenses (Part IX)
$160,916
Management and general expenses
$5,608
Fundraising expenses
$2,446
Program service expenses (Part III)
$160,916

Program services were 95.2% 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

    $61,701

  • 1c · Fundraising events

    $195,097

  • 8a · Fundraising events: gross income

    $84,097

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

    $195,097

  • 8b · Fundraising events: direct expenses

    $178,124

  • 8c · Net income from fundraising events

    total -$94,027 · excluded -$94,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $118,000 · program services $118,000

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 11g · Fees: other

    total $3,256 · program services $2,244 · management and general $531 · fundraising $481

  • 12 · Advertising and promotion

    total $1,336 · fundraising $1,336

  • 14 · Information technology

    total $5,725 · program services $5,153 · management and general $286 · fundraising $286

  • 23 · Insurance

    total $2,843 · program services $2,555 · management and general $144 · fundraising $144

  • 24a · Other expenses: MEMBER EVENTS

    total $32,964 · program services $32,964

  • 24b · Other expenses: BOARD MEETINGS

    total $1,072 · management and general $1,072

  • 24c · Other expenses: POSTAGE

    total $199 · fundraising $199

  • 24d · Other expenses: OFFICE EXPENSE

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,160 · end of year $134,096

  • 4 · Accounts receivable

    beginning of year $16,250 · end of year $7,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,000 · end of year $122,780

  • 19 · Deferred revenue

    beginning of year $7,150 · end of year $8,975

  • 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 $16,260 · end of year $10,061

Mission and programs · 2023

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 $32,964

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

    Expenses $127,952 · Grants $118,000

As filed on the 2023 return.

Listed in Part VII

  • Michael Stern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Morizio

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sean Bickoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Evan Bloom

    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

  • Andrew Tucker

    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

    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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202433209349305718

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