Long Island Venture Group Inc

990EZ • Fiscal year 2017 • EIN 11-2872414

Feb 01, 2016 to Jan 31, 2017 • Filed on Nov 09, 2017

Organization Profile WWW.LICAPITAL.ORG

1776 Broadway No 2030New York, NY 10019

(212) 757-5602

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

0.06x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

-6.2%

Higher net margin than 28% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE S41 • <$500k nonprofits • Source year 2017

-9.1%

Faster asset growth than 28% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Annualized from 2016 to 2017

49%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • NTEE S41 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets77th percentile

Assets

Down

$31,213

Down $3,109 (-9.1%) from 2016

Net Assets

Down

$27,206

Down $3,906 (-13%) from 2016

Liabilities

$4,007

Up $797 (+25%) from 2016

Revenue And Expenses

Liabilities / Revenue74th percentile Net Margin28th percentile

Revenue

$63,345

Up $20,725 (+49%) from 2016

Expenses

$67,251

Up $13,693 (+26%) from 2016

Net Income

-$3,906

Up $7,032 (+64%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2017

Assets$31,213

Liabilities$4,007

Net Assets$27,206

Open 2017 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2017

Revenue$63,345

Expenses$67,251

Net Income-$3,906

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Feb 1, 2016 to Jan 31, 2017
Signed: Nov 9, 2017
Return Version: 2016v3.0
Gross Receipts: $63,345

Mission and Program Overview

Mission

EDUCATIONAL

Program Services

Description	Grants	Expenses
TO PROVIDE EDUCATION ON LONG ISLAND, NY PRIVATE EQUITY BUSINESS ACTIVITIES.	$0	$0

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ERIC ALTSTADTER	Treasurer	-	$0	-	-
COREY MASSELLA	President	-	$0	-	-
NEIL KAUFMAN	Chairperson	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Long Island Venture Group Inc
EIN: 11-2872414
Phone: 2127575602
Address: 1776 BROADWAY NO 2030, NEW YORK, NY 10019

Signing Officer

Name: Eric Altstadter
Title: Treas
Phone: 5168648888
Signed: 2017-11-09
Discuss with paid preparer: Yes

Preparer

Firm: Ksm Business Services Inc
Address: 1776 BROADWAY SUITE 2030, NEW YORK, NY 10019
Preparer: Corey Massella
Phone: 2127575602

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: event sponsorship. Amount: 4,500.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: administration fees. Amount: 42,000. Description: professional fees. Amount: 3,697. Description: bank service fees. Amount: 1,017. Description: d & o insurance. Amount: 1,324. Description: events and meetings expenses. Amount: 15,896. Description: office expenses. Amount: 1,359. Description: web site. Amount: 1,574. Description: miscellaneous. Amount: 181. Description: dues and subscriptions. Amount: 203. Total to form 990-ez, line 16: 67,251.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: prepaid expenses. Beg. Of year amount: 219. End of year amount: 218.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accrued expenses. Beg. Of year amount: 3,210. End of year amount: 4,007.”

Raw XML Appendix118 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/PersonNm	0	ERIC ALTSTADTER
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	5168648888
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	6900 JERICHO TURNPIKE SUITE 312
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	SYOSSET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	11791
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	34103
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	30995
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	47500
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-3906
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	34322
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	31213
IRS990EZ/GrossReceiptsAmt	0	63345
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MembershipDuesAmt	0	4500
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	31112
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	27206
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	31112
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	27206
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	ERIC ALTSTADTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	COREY MASSELLA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	NEIL KAUFMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	CHAIRPERSON
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	219
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	218
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	67251
IRS990EZ/OtherRevenueTotalAmt	0	4500
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	EDUCATIONAL
IRS990EZ/ProgramServiceRevenueAmt	0	6845
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TO PROVIDE EDUCATION ON LONG ISLAND, NY PRIVATE EQUITY BUSINESS ACTIVITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	0
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	NY
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	3210
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	4007
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	67251
IRS990EZ/TotalRevenueAmt	0	63345
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	WWW.LICAPITAL.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: EVENT SPONSORSHIP. AMOUNT: 4,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: ADMINISTRATION FEES. AMOUNT: 42,000. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 3,697. DESCRIPTION: BANK SERVICE FEES. AMOUNT: 1,017. DESCRIPTION: D & O INSURANCE. AMOUNT: 1,324. DESCRIPTION: EVENTS AND MEETINGS EXPENSES. AMOUNT: 15,896. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,359. DESCRIPTION: WEB SITE. AMOUNT: 1,574. DESCRIPTION: MISCELLANEOUS. AMOUNT: 181. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 203. TOTAL TO FORM 990-EZ, LINE 16: 67,251.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 219. END OF YEAR AMOUNT: 218.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 3,210. END OF YEAR AMOUNT: 4,007.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	ERIC ALTSTADTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5168648888
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	LONG ISLAND VENTURE GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt	0	LONG
ReturnHeader/Filer/EIN	0	112872414
ReturnHeader/Filer/PhoneNum	0	2127575602
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1776 BROADWAY NO 2030
ReturnHeader/Filer/USAddress/CityNm	0	NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NY
ReturnHeader/Filer/USAddress/ZIPCd	0	10019
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	0449322BB0876117D1BE182C83B392520F7E2D79
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	4053815CEB04643C2323B5CD64196B5CDE258F9C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	64.132.79.18
ReturnHeader/FilingSecurityInformation/IPDt	0	2017-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	14:09:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	352123203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	KSM BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	1776 BROADWAY SUITE 2030
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	10019
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2127575602
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	COREY MASSELLA
ReturnHeader/ReturnTs	0	2017-11-09T15:38:40-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-02-01
ReturnHeader/TaxPeriodEndDt	0	2017-01-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $31,213
Liabilities: $4,007
Net assets: $27,206
Revenue: $63,345
Expenses: $67,251
Net income: -$3,906

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$69.1	$0.00	$69.1	$7.85	$23.0	$15.2
2024Detailed filing. Detailed filing data is available for this year.	$84.6	$0.23	$84.3	$46.3	$26.1	$20.2
2023Detailed filing. Detailed filing data is available for this year.	$82.5	$0.00	$82.5	$50.1	$14.9	$35.2
2022Detailed filing. Detailed filing data is available for this year.	$47.3	$0.00	$47.3	$1.28	$9.36	$8.09
2021Detailed filing. Detailed filing data is available for this year.	$55.6	$0.22	$55.4	$33.6	$19.1	$14.6
2020Detailed filing. Detailed filing data is available for this year.	$55.4	$14.5	$40.8	$53.0	$30.8	$22.2
2019Detailed filing. Detailed filing data is available for this year.	$29.3	$10.7	$18.6	$49.0	$50.1	$1.12
2018Detailed filing. Detailed filing data is available for this year.	$19.8	$0.03	$19.7	$55.7	$63.2	$7.49
2017Detailed filing. Detailed filing data is available for this year.	$31.2	$4.01	$27.2	$63.3	$67.3	$3.91
2016Detailed filing. Detailed filing data is available for this year.	$34.3	$3.21	$31.1	$42.6	$53.6	$10.9
2015Summary only. Only limited summary data is available for this year.	$42.2	$0.15		$44.5	$29.8	$14.8
2014Summary only. Only limited summary data is available for this year.	$29.1	$1.84		$22.6	$15.1	$7.46
2013Summary only. Only limited summary data is available for this year.	$21.0	$1.18		$23.9	$13.1	$10.8
2012Summary only. Only limited summary data is available for this year.	$10.8	$1.73		$9.30	$14.4	$5.06