Civic Intelligence

Long Island Business Development Council Inc

EIN 11-3316342 • 501(c)4 • Commack, NY

Profile

The libdc helps its members for close associations and business relationships while providing a platform for an honest evaluation of long islands economic future

PO Box 204Commack, NY 11725-0204

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S99 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S99 • <$500k nonprofits • Source year 2025

Net Margin

57th percentile

17%

Higher net margin than 57% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Source year 2025

Top Officer Pay

92nd percentile

$11,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

NTEE S99 • <$500k nonprofits • Source year 2025

Asset Growth

75th percentile

34%

Faster asset growth than 75% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

-16%

Faster revenue growth than 36% of similar nonprofits.

NTEE S99 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$246,343

Up $62,031 (+34%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$246,343

Up $62,031 (+34%) from 2024

Operations
Liabilities / Revenue72nd percentileNet Margin57th percentile

Revenue

Down

$298,954

Down $58,271 (-16%) from 2024

Expenses

Down

$246,923

Down $55,735 (-18%) from 2024

Net Income

Down

$52,031

Down $2,536 (-4.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth75th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $39,419Liabilities 2011: $02011Assets 2012: $42,595Liabilities 2012: $02012Assets 2013: $64,810Liabilities 2013: $02013Assets 2014: $70,809Liabilities 2014: $02014Assets 2015: $81,292Liabilities 2015: $0Net Assets 2015: $81,2922015Assets 2016: $76,971Liabilities 2016: $0Net Assets 2016: $76,9712016Assets 2017: $70,813Liabilities 2017: $0Net Assets 2017: $70,8132017Assets 2018: $114,727Liabilities 2018: $0Net Assets 2018: $114,7272018Assets 2019: $117,381Liabilities 2019: $0Net Assets 2019: $117,3812019Assets 2020: $117,960Liabilities 2020: $0Net Assets 2020: $117,9602020Assets 2021: $142,631Liabilities 2021: $0Net Assets 2021: $142,6312021Assets 2022: $200,661Liabilities 2022: $0Net Assets 2022: $200,6612022Assets 2023: $201,573Liabilities 2023: $0Net Assets 2023: $201,5732023Assets 2024: $184,312Liabilities 2024: $0Net Assets 2024: $184,3122024Assets 2025: $246,343Liabilities 2025: $0Net Assets 2025: $246,3432025

Highlighted filing

2025

Assets$246,343
Liabilities$0
Net Assets$246,343
Open 2025 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $70,848Expenses 2011: $67,152Net Income 2011: $3,6962011Revenue 2012: $79,650Expenses 2012: $76,474Net Income 2012: $3,1762012Revenue 2013: $107,760Expenses 2013: $85,545Net Income 2013: $22,2152013Revenue 2014: $93,959Expenses 2014: $87,960Net Income 2014: $5,9992014Revenue 2015: $110,155Expenses 2015: $99,672Net Income 2015: $10,4832015Revenue 2016: $104,081Expenses 2016: $108,402Net Income 2016: -$4,3212016Revenue 2017: $111,708Expenses 2017: $117,866Net Income 2017: -$6,1582017Revenue 2018: $139,685Expenses 2018: $140,748Net Income 2018: -$1,0632018Revenue 2019: $121,626Expenses 2019: $118,972Net Income 2019: $2,6542019Revenue 2020: $41,175Expenses 2020: $39,793Net Income 2020: $1,3822020Revenue 2021: $98,229Expenses 2021: $73,558Net Income 2021: $24,6712021Revenue 2022: $129,933Expenses 2022: $71,903Net Income 2022: $58,0302022Revenue 2023: $139,381Expenses 2023: $137,969Net Income 2023: $1,4122023Revenue 2024: $357,225Expenses 2024: $302,658Net Income 2024: $54,5672024Revenue 2025: $298,954Expenses 2025: $246,923Net Income 2025: $52,0312025

Highlighted filing

2025

Revenue$298,954
Expenses$246,923
Net Income$52,031
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$246,343
Liabilities
$0
Net assets
$246,343
Revenue
$298,954
Expenses
$246,923
Net income
$52,031
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.46$0.00$2.46$2.99$2.47$0.52
2024Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$3.57$3.03$0.55
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$1.39$1.38$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.00$2.01$1.30$0.72$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.00$1.43$0.98$0.74$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.41$0.40$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$1.22$1.19$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.00$1.15$1.40$1.41$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.00$0.71$1.12$1.18$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$1.04$1.08$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.81$1.10$1.00$0.10
2014Summary only. Only limited summary data is available for this year.$0.71$0.00$0.94$0.88$0.06
2013Summary only. Only limited summary data is available for this year.$0.65$0.00$1.08$0.86$0.22
2012Summary only. Only limited summary data is available for this year.$0.43$0.00$0.80$0.76$0.03
2011Summary only. Only limited summary data is available for this year.$0.39$0.00$0.71$0.67$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2024 to Oct 31, 2025
Signed
Jan 22, 2026
Return Version
2024v5.2
Gross Receipts
$298,954
Mission and Program Overview

Mission

The libdc helps its members for close associations and business relationships while providing a platform for an honest evaluation of long islands economic future

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$194,312$246,343▲ $52,031
Cash and Non-Interest-Bearing Accounts$90,581$142,246▲ $51,665
Savings and Temporary Cash Investments$103,731$104,097▲ $366
Total Assets$194,312$246,343▲ $52,031
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$194,312$246,343▲ $52,031
Total Liabilities and Net Assets / Fund Balance$194,312$246,343▲ $52,031
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marlene McdonnelExecutive BoardPT$11,800$11,800

Board Members and Trustees

NameTitle
Mitchell PallyCo-chair
Theodore P Sasso JrCo-chair
Andrew D Presberg EsqExecutive Board
Brad HemingwayExecutive Board
Denise AngiuloExecutive Board
James GoldrickExecutive Board
John WalsnerExecutive Board
Kathy PasqualeExecutive Board
Lisa MulliganExecutive Board
William MannixExecutive Board
Steven E SchrammTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$298,589
Program Service Revenue
$0
Investment Income
$365
Other Revenue
$0
All Other Contributions
$116,250
Change in Net Assets
$52,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,123
Salaries, Compensation, and Employee Benefits$17,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$17,800$0$17,800
Travel$7,497$0$0$7,497
Advertising$5,000$0$0$5,000
Conferences and Meetings$1,570$1,570$0$3,140
Insurance$1,861$0$0$1,861
Fees for Services Accounting$1,500$0$0$1,500
Office Expenses$944$0$0$944
All Other Expenses$175$175$0$350
Other Expenses$0$24$0$24
Total Functional Expenses$227,354$19,569$0$246,923
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Long Island Business Development Council Inc
EIN
11-3316342
Phone
5164283851
Address
PO BOX 204, COMMACK, NY 11725-0204

Signing Officer

Name
Steven E Schramm
Title
Treasurer
Phone
5164283851
Signed
2026-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven E Schramm
Formed
1995
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Cowan Spinoso & Booth LLC
Address
47 POST AVENUE, WESTBURY, NY 11590
Preparer
Christopher G Spinoso
Phone
5162684960
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

“Annual meetings and discussions”

Pt VI, Line 11B

“Annual meetings and discussions”

Raw XML Appendix342 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
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-22
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ReturnHeader/Filer/PhoneNum05164283851
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823709526
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ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER G SPINOSO
ReturnHeader/ReturnTs02026-02-03T09:30:11-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-11-01
ReturnHeader/TaxPeriodEndDt02025-10-31
ReturnHeader/TaxYr02024

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