Fact Long Island Foundation

“The organization does not have formally documented subcommittee minutes as the organization does not have formal subcommittees that have meetings and report to the board.”

“Linda ferrante and david c. Sobel, cpa, pc meet to discuss the financial statements and tax return. Linda then asks any questions she has and then approves the tax return.”

“990 is available upon request.”

“The organization has some documents available online. Other documents like financial statements are available on request. The organization does not have a conflict of interest policy at this time, although there has been no such activity between any officer or trustee with the foundation, for which such a policy would be needed.”

“So that strides will be made in finding a cure. Our purpose and mission is to raise funds for breast cancer research and to increase awareness through our events and media outlets.”

“We remain focused, energized and diligent in our efforts to obtain this goal. We seek to make a positive difference in the lives of those affected by breast cancer through our programs: free wigs, pink glove service for those in need, college scholarships, etc. We will raise funds for breast cancer research, and increase awareness through our events and media outlets.”

“Fact long island foundation ("the organization") qualifies as a small tax exempt organization (gross receipts are normally $50,000 or less) and must file form 990-n, electronic notice (e-postcard) for tax-exempt organizations not required to file form 990 or 990-ez. Form 990-n is due every year by the 15th day of the 5th month after the close of the organization's tax year. There is no penalty assessment for filing form 990-n late. If the 990-n is late, the irs will send a reminder notice to the last known address of the organization. Organizations must register at irs.gov prior to filing form 990-n as a one-time registration. The organization was advised about the simplified 990-n filing requirements by another professional service provider and mistakenly believed that its relaxed filing requirements were already addressed. Upon learning about the registration requirements, electronic filing, etc., we were requested to prepare this form 990 in order to satisfy the organization's 2016 information reporting.”