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Nonprofiteer
← LIFE INSURANCE COUNCIL OF NEW YORK INCORPORATED

Form 990 for tax year 2025

Filed by LIFE INSURANCE COUNCIL OF NEW YORK INCORPORATED.

Totals

Total revenue
$3,574,508
Total expenses
$3,621,226
Contributions and grants received
$0
Grants paid
$179,865
Program service revenue
$3,267,750
Investment income
$290,633
Other revenue
$16,125
Total assets, end of year
$7,515,645
Total liabilities, end of year
$881,614
Net assets or fund balances, end of year
$6,634,031
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $3,056,340 · related or exempt $3,056,340

  • 2b · Program service revenue: CONFERENCES/MEETINGS

    total $211,410 · related or exempt $211,410

  • 3 · Investment income

    total $251,906 · excluded $251,906

  • 6a · Gross rents

    real property $16,125

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,125

  • 6d · Net rental income or loss

    total $16,125 · excluded $16,125

  • 7a · Gross sales of assets other than inventory

    securities $2,135,123

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

    securities $2,096,396

  • 7c · Gain or loss

    securities $38,727

  • 7d · Net gain or loss

    total $38,727 · excluded $38,727

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,914

  • 2 · Grants to domestic individuals

    total $29,951

  • 5 · Compensation of officers, directors and key employees

    total $1,881,874

  • 7 · Other salaries and wages

    total $185,968

  • 9 · Other employee benefits

    total $39,537

  • 10 · Payroll taxes

    total $100,111

  • 11b · Fees: legal

    total $202,058

  • 11c · Fees: accounting

    total $59,100

  • 11f · Fees: investment management

    total $15,219

  • 11g · Fees: other

    total $275,498

  • 13 · Office expenses

    total $52,108

  • 14 · Information technology

    total $43,182

  • 16 · Occupancy

    total $131,929

  • 17 · Travel

    total $59,237

  • 19 · Conferences, conventions and meetings

    total $250,071

  • 20 · Interest

    total $9,585

  • 22 · Depreciation, depletion and amortization

    total $21,172

  • 24a · Other expenses: MISCELLANEOUS

    total $49,596

  • 24b · Other expenses: BOOKS AND PUBLICATIONS

    total $35,252

  • 24c · Other expenses: MEMBERSHIP FEES

    total $18,958

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $10,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $948,719 · end of year $580,428

  • 2 · Savings and temporary cash investments

    beginning of year $27,484 · end of year $74,500

  • 4 · Accounts receivable

    beginning of year $745 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,716 · end of year $56,888

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

    $101,243

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

    $86,349

  • 10c · Land, buildings and equipment, net

    beginning of year $13,455 · end of year $14,894

  • 11 · Investments: publicly traded securities

    beginning of year $5,849,842 · end of year $6,229,527

  • 15 · Other assets

    beginning of year $160,973 · end of year $559,408

  • 17 · Accounts payable and accrued expenses

    beginning of year $427,232 · end of year $348,087

  • 19 · Deferred revenue

    beginning of year $3,100 · end of year $21,000

  • 25 · Other liabilities

    beginning of year $111,079 · end of year $512,527

  • 27 · Net assets without donor restrictions

    beginning of year $6,507,523 · end of year $6,634,031

Mission and programs · 2025

Mission

TO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS.

Activities or mission (Part I)

SEE SCHEDULE O

  • SEE SCHEDULE O.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KERMITT BROOKS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GRETCHEN CEPEK

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • BRET HESTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON A D'ANGELO

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEANNETTE HUNTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MCDONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLIE LIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHAWN T LOFTUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW S WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRK GRAVELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA LYNN WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONICA M CURTIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • POLLY KLANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEAN A MONTICELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA EVANGELISTA

    PRESIDENT & CEO

    Total calculated
    $702,537
    From this org
    $641,875
    From related orgs
    $0
    Other
    $60,662
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $615,000
    Bonus
    $26,875
    Other
    $0
    Deferred
    $35,000
    Nontaxable benefits
    $25,662
    Filer's total
    $702,537

  • TIMOTHY A ATKINS

    MANAGING DIRECTOR, LEGISLA

    Total calculated
    $385,973
    From this org
    $322,052
    From related orgs
    $0
    Other
    $63,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,545
    Bonus
    $40,507
    Other
    $0
    Deferred
    $13,354
    Nontaxable benefits
    $50,567
    Filer's total
    $385,973

  • LINDA M NUSBAUM

    DIRECTOR, OPERATIONS

    Total calculated
    $218,089
    From this org
    $194,950
    From related orgs
    $0
    Other
    $23,139
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $169,950
    Bonus
    $25,000
    Other
    $0
    Deferred
    $16,603
    Nontaxable benefits
    $6,536
    Filer's total
    $218,089

  • MARSHAL BOZZO

    MANAGER, PUBLIC & LEGISLATIVE AFFAIRS

    Total calculated
    $331,068
    From this org
    $310,154
    From related orgs
    $0
    Other
    $20,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,154
    Bonus
    $0
    Other
    $0
    Deferred
    $6,098
    Nontaxable benefits
    $14,816
    Filer's total
    $331,068

  • ELIZABETH MAXWELL

    MANAGER, EXTERNAL AFFAIRS

    Total calculated
    $147,700
    From this org
    $104,375
    From related orgs
    $0
    Other
    $43,325
    Hours/week
    40

  • RICHARD LOCONTE

    FORMER PRESIDENT & CEO

    Total calculated
    $244,206
    From this org
    $236,354
    From related orgs
    $0
    Other
    $7,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $69,727
    Bonus
    $166,627
    Other
    $0
    Deferred
    $663
    Nontaxable benefits
    $7,189
    Filer's total
    $244,206

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

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.

  • LIFE INSURANCE COUNCIL OF NEW YORK PAC

    527 · POLITICAL ATIVITY · NY · controlled entity

    Directly controlled by LIFE INSURANCE COUNCIL OF NEW YORK INC

Provenance

Return type
form_990
Tax year
2025
Filed
3 June 2026
IRS schema version
2025v4.1
Source object
202631599349300733

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