Form 990 for tax year 2023
Filed by LONG ISLAND CONTRACTORS ASSOCIATION INC.
Totals
- Total revenue
- $397,137
- Total expenses
- $880,722
- Contributions and grants received
- $40,250
- Grants paid
- $0
- Program service revenue
- $231,933
- Investment income
- $0
- Other revenue
- $124,954
- Total assets, end of year
- $407,360
- Total liabilities, end of year
- $4,719,496
- Net assets or fund balances, end of year
- -$4,312,136
- 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.
-
1d · Related organizations
$40,250
-
2a · Program service revenue: MEMBERSHIP DUES
total $231,933 · related or exempt $231,933
-
8a · Fundraising events: gross income
$327,456
-
8b · Fundraising events: direct expenses
$210,102
-
8c · Net income from fundraising events
total $117,354 · excluded $117,354
-
11a · Other revenue: ADVERTISING
total $7,600 · unrelated business $7,600
-
11e · Other revenue, total
$7,600
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $223,750
-
7 · Other salaries and wages
total $30,533
-
10 · Payroll taxes
total $8,500
-
11b · Fees: legal
total $5,500
-
11c · Fees: accounting
total $6,730
-
11d · Fees: lobbying
total $4,625
-
11g · Fees: other
total $30,443
-
12 · Advertising and promotion
total $115,026
-
13 · Office expenses
total $22,791
-
16 · Occupancy
total $20,392
-
17 · Travel
total $11,654
-
19 · Conferences, conventions and meetings
total $97,435
-
23 · Insurance
total $1,755
-
24a · Other expenses: EVENT SUPPORT
total $103,775
-
24b · Other expenses: PUBLIC RELATIONS
total $82,500
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $78,821
-
24d · Other expenses: CREDIT LOSS EXPENSE
total $25,083
-
24e · All other expenses
total $11,409
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,193 · end of year $72,343
-
4 · Accounts receivable
beginning of year $301,833 · end of year $262,392
-
9 · Prepaid expenses and deferred charges
beginning of year $26,489 · end of year $26,489
-
10a · Land, buildings and equipment: cost or other basis
$115,929
-
10b · Land, buildings and equipment: accumulated depreciation
$115,929
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $60,990 · end of year $46,136
-
19 · Deferred revenue
beginning of year $270,750 · end of year $267,042
-
25 · Other liabilities
beginning of year $4,010,306 · end of year $4,452,454
-
27 · Net assets without donor restrictions
beginning of year -$3,828,551 · end of year -$4,312,136
Mission and programs · 2023
Mission
TO MAKE MEMBERSHIP IN THE ASSOCIATION A REASONABLE ASSURANCE TO THE PUBLIC OF THE SKILL, INTEGRITY AND RESPONSIBILITY OF ITS MEMBERS.
-
CONVENTIONS AND MEETINGS-MEMBERS MEET QUARTERLY TO PROMOTE MORE CORDIAL AND COOPERATIVE RELATIONS BETWEEN GENERAL CONTRACTORS AND THOSE WITH WHOM THEY HAVE CONTACT WITH IN THE CONSTRUCTION INDUSTRY.
-
PUBLIC RELATIONS TO PROMOTE THE ASSOCIATION AND GIVE RESONABLE ASSURANCE TO THE PUBLIC REGARDING THE SKILL, INTEGRITY AND RESPONSIBILITY OF ITS MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
James Pratt IIIJAMES PRATT III
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10.25 + 0.25 related
-
Paul FarinoPAUL FARINO
SECRETARY & TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Phillip BeyerPHILLIP BEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Jason GoldenJASON GOLDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
James Haney IIIJAMES HANEY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
William Haugland JrWILLIAM HAUGLAND JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Joseph K PosillicoJOSEPH K POSILLICO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Samantha RutturaSAMANTHA RUTTURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Peter ScalamandrePETER SCALAMANDRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Marc HerbstMARC HERBST
EXECUTIVE DIRECTOR
- Total calculated
- $370,244
- From this org
- $143,804
- From related orgs
- $143,804
- Other
- $82,636
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $143,804 + $143,804 related
- Bonus
- $0
- Other
- $0
- Deferred
- $25,500 + $25,500 related
- Nontaxable benefits
- $15,818 + $15,818 related
- Filer's total
- $185,122 + $185,122 related
-
Sheryl BuroSHERYL BURO
DEPUTY EXECUTIVE DIRECTOR/
- Total calculated
- $148,554
- From this org
- $24,985
- From related orgs
- $74,956
- Other
- $48,613
- Hours/week
- 10 + 30 related
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
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.
-
HEAVY CONSTRUCTION INDUSTRY PROMOTIONAL FUND
501(C)(6) · NOT FOR PROFIT RELATIONS TO SUPPORT THE CONSTRUCTION INDUSTRY · NY
-
LONG ISLAND CONTRACTORS ASSOCIATION PAC INC
501(C)(6) · NOT FOR PROFIT POLITICAL ACTION COMMITTEE FOR CONTRACTORS · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412929349301381
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