Civic Intelligence

Advanced Materials & Manufacturing Tech Innovation Center Research Foundation

990 • Fiscal year 2018 • EIN 27-0685219

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

121 Express StreetPlainview, NY 11803

(516) 597-5455

Siviq Scores

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

Liabilities / Assets

99th percentile

3.37x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

4.10x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

5th percentile

-62%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

40th percentile

-1.3%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,006,440

Down $13,527 (-1.3%) from 2017

Net Assets

Down

-$2,389,308

Down $510,500 (-27%) from 2017

Liabilities

Up

$3,395,748

Up $496,973 (+17%) from 2017

Revenue

Down

$828,498

Down $239,539 (-22%) from 2017

Expenses

Up

$1,338,998

Up $32,737 (+2.5%) from 2017

Net Income

Down

-$510,500

Down $272,276 (-114%) from 2017

Historical Trend

Balance Sheet Trend

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

$5.0M$0-$5.0MAssets 2014: $49,101Liabilities 2014: $725,477Net Assets 2014: -$676,3762014Assets 2015: $67,438Liabilities 2015: $1,368,509Net Assets 2015: -$1,301,0712015Assets 2016: $192,394Liabilities 2016: $1,856,526Net Assets 2016: -$1,664,1322016Assets 2017: $1,019,967Liabilities 2017: $2,898,775Net Assets 2017: -$1,878,8082017Assets 2018: $1,006,440Liabilities 2018: $3,395,748Net Assets 2018: -$2,389,3082018Assets 2019: $577,276Liabilities 2019: $3,631,481Net Assets 2019: -$3,054,2052019Assets 2020: $25,738Liabilities 2020: $3,728,272Net Assets 2020: -$3,702,5342020Assets 2021: $46,090Liabilities 2021: $4,078,758Net Assets 2021: -$4,032,6682021Assets 2022: $93,382Liabilities 2022: $4,481,831Net Assets 2022: -$4,388,4492022Assets 2023: $476,667Liabilities 2023: $46,576Net Assets 2023: $430,0912023Assets 2024: $211,943Liabilities 2024: $55,965Net Assets 2024: $155,9782024

Highlighted filing

2018

Assets$1,006,440
Liabilities$3,395,748
Net Assets-$2,389,308

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $45,800Expenses 2014: $722,176Net Income 2014: -$676,3762014Revenue 2015: $298,360Expenses 2015: $923,055Net Income 2015: -$624,6952015Revenue 2016: $727,003Expenses 2016: $1,090,064Net Income 2016: -$363,0612016Revenue 2017: $1,068,037Expenses 2017: $1,306,261Net Income 2017: -$238,2242017Revenue 2018: $828,498Expenses 2018: $1,338,998Net Income 2018: -$510,5002018Revenue 2019: $502,003Expenses 2019: $1,084,439Net Income 2019: -$582,4362019Revenue 2020: $59,093Expenses 2020: $707,422Net Income 2020: -$648,3292020Revenue 2021: $148,227Expenses 2021: $478,361Net Income 2021: -$330,1342021Revenue 2022: $143,957Expenses 2022: $499,738Net Income 2022: -$355,7812022Revenue 2023: $489,836Expenses 2023: $564,474Net Income 2023: -$74,6382023Revenue 2024: $260,315Expenses 2024: $534,428Net Income 2024: -$274,1132024

Highlighted filing

2018

Revenue$828,498
Expenses$1,338,998
Net Income-$510,500
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$836,290
Mission and Program Overview

Mission

The composite prototyping center (cpc) is a highly specialized visionary entryway into the future. Staffed by leading experts in the field of composites, the state of the art facility enables organizations to cross boundaries, expand manufacturing scope, and to effectively compete in dynamic expanding marketplaces ranging from erospace, automotive and energy to infrastructure, transportation and consumer products. At cpc, the full gamut of composite services and resources unites, so organizations can design, prototype, test and train, all under a single roof.

To provide small and medium sized manufacturers the opportunity to address new markets that require the use of composite materials and help regional manufacturers produce composite products through training and equipment availability. Cpc will provide a full spectrum of services from engineering, process development, product development and inspection and testing, in addition to workforce training and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$227,425$273,301▲ $45,876
Loans From Officers Directors$65,000$50,000▼ $15,000
Cash and Non-Interest-Bearing Accounts$14,224$30,739▲ $16,515
Intangible Assets$27,454$21,870▼ $5,584
Prepaid Expenses and Deferred Charges$8,554$18,575▲ $10,021
Land, Buildings, and Equipment, Net$5,335$4,391▼ $944
Total Assets$1,019,967$1,006,440▼ $13,527
Other Assets Total$736,975$657,564▼ $79,411
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,011,631$2,480,821▲ $469,190
Accounts Payable and Accrued Expenses$822,144$864,927▲ $42,783
Other Liabilities$0--
Total Liabilities$2,898,775$3,395,748▲ $496,973
Net Assets / Fund Balance
Unrestricted Net Assets$-1,878,808$-2,389,308▼ $510,500
Total Net Assets Fund Balance$-1,878,808$-2,389,308▼ $510,500
Total Liabilities and Net Assets / Fund Balance$1,019,967$1,006,440▼ $13,527

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$8,780-
Equipment$4,391$6,906-
Other Assets Org$657,564--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leonard PoveromoExecutive DirectorFT$104,195$104,195

Board Members and Trustees

NameTitle
John SmithChairman of the Board
Annmarie ScheidtBoard Member
Jeffrey BassBoard Member
Joseph GaroneBoard Member
Ray FarrellBoard Member
Scott LivingstonBoard Member
Walter PoggiBoard Member
Barry ShortenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$43,000
Program Service Revenue
$642,511
Investment Income
$0
Other Revenue
$142,987
Change in Net Assets
$-510,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$828,498
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$828,498
Total Revenue per Form 990
$828,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$990,437
Salaries, Compensation, and Employee Benefits$348,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$499,587$5,991-$505,578
Other Salaries and Wages$118,100$168,886-$286,986
Interest-$141,451-$141,451
Other Employee Benefits-$33,032-$33,032
All Other Expenses$17,584$11,697-$29,281
Payroll Taxes$11,810$16,733-$28,543
Travel$27,627--$27,627
Other Expenses$7,601$18,785-$26,386
Office Expenses-$23,995-$23,995
Insurance-$6,163-$6,163
Fees for Services Accounting-$4,000-$4,000
Advertising-$3,221-$3,221
Fees for Services Legal-$2,087-$2,087
Depreciation Depletion-$1,334-$1,334
Conferences and Meetings-$1,031-$1,031
Total Functional Expenses$862,873$476,125$0$1,338,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,338,998
Total Expenses per Audited Statements$1,338,998
Total Expenses per Form 990$1,338,998
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,800
Fundraising Direct Expenses$7,792
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$27,800$27,800$7,792$20,008
Total Events$27,800$27,800$7,792$20,008
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberProvides Labor on Some Projects for CpcNo$86,990
-Common Board Membership and Shared Administrative PersonnelThe Long Island Forum for Technology, Inc. Provides Monthly Management and Accounting Services.No$79,411
-Board MemberProvides Employment and Payroll Services.No$5,991

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$65,000$50,000▼ $15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The long island forum for technology provides monthly management and accounting services.

Form 990, Part VI, Section A, Line 6

Long island forum for technology is the sole member of ammtic (cpc).

Form 990, Part VI, Section A, Line 7A

The executive committee members can elect members of the governing body.

Form 990, Part VI, Section B, Line 11B

Those charged with governance review a draft of the tax return before it is finalized and filed. 990 is available to all members upon request to board.

Form 990, Part VI, Section B, Line 12C

Board members are required to sign a board policy manual acknowledgement document annual stating they have read a copy of the lift board of directors policy manual and agree, as evidenced by their signature, that they will comply with all policies contained in the manual.

Form 990, Part VI, Section C, Line 19

The organizations makes required documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Advanced Materials & Manufacturing Tech
EIN
27-0685219
Phone
5165975455
Address
121 EXPRESS STREET, PLAINVIEW, NY 11803
Doing Business As
Composite Prototyping Center

Signing Officer

Name
John Smith
Title
Chariman of the Board
Phone
5165975455
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Smith
Formed
2008
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Albrecht Viggiano Zureck & Co Pc
Address
25 SUFFOLK COURT, HAUPPAUGE, NY 11788
Preparer
Frederick Kleet
Phone
6314349500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Payroll service: program service expenses 0. Management and general expenses 5,991. Fundraising expenses 0. Total expenses 5,991. Consultants: program service expenses 264,768. Management and general expenses 0. Fundraising expenses 0. Total expenses 264,768. Engineering: program service expenses 234,819. Management and general expenses 0. Fundraising expenses 0. Total expenses 234,819.

FORM 990, PART XII, LINE 2C:

We have designated an individual with suitable skill, knowledge, or experience to oversee audit and tax preparation. We have assumed all management responsibilities.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. The organization has identified its tax status as a tax exempt entity as a tax position; however, the organization has determined that such tax position does not result in an uncertainty requiring recognition. The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies as a nonprofit organization under new york state law. The organization is not currently under examination by any tax jurisdiction. Federal and state income tax returns are generally open for examination for three years.

Raw XML AppendixShowing 400 of 555 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.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt020008
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0122979
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0122979
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023995
IRS990/OfficeExpensesGrp/TotalAmt023995
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0736975
IRS990/OtherAssetsTotalGrp/EOYAmt0657564
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt033032
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033032
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc2STAFF TRAINING
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010664
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127055
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt218785
IRS990/OtherExpensesGrp/ProgramServicesAmt095976
IRS990/OtherExpensesGrp/ProgramServicesAmt175949
IRS990/OtherExpensesGrp/ProgramServicesAmt28639
IRS990/OtherExpensesGrp/ProgramServicesAmt37601
IRS990/OtherExpensesGrp/TotalAmt0106640
IRS990/OtherExpensesGrp/TotalAmt175949
IRS990/OtherExpensesGrp/TotalAmt235694
IRS990/OtherExpensesGrp/TotalAmt326386
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0168886
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0118100
IRS990/OtherSalariesAndWagesGrp/TotalAmt0286986
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016733
IRS990/PayrollTaxesGrp/ProgramServicesAmt011810
IRS990/PayrollTaxesGrp/TotalAmt028543
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08554
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018575
IRS990/PrincipalOfficerNm0JOHN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0642511
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0642511
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050302
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0979407
IRS990/PYOtherRevenueAmt091858
IRS990/PYProgramServiceRevenueAmt0925877
IRS990/PYRevenuesLessExpensesAmt0-238224
IRS990/PYSalariesCompEmpBnftPaidAmt0326854
IRS990/PYTotalExpensesAmt01306261
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01068037
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-510500
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0122979
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0642511
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt043000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050301
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0143301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0667534
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0925878
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0623448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0245996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt036800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02499656
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0117964
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt091858
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt046200
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt09000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt09000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0274022
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90610
IRS990ScheduleA/PublicSupportPY509Pct00.93710
IRS990ScheduleA/PublicSupportTotal509Amt02642957
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0710534
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0976179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0663448
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0255996
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt036800
IRS990ScheduleA/Total509Grp/TotalAmt02642957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0828498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01068037
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0709648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0264996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt045800
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02916979
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04391
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06906
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011297
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01338998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0657564
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08780
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt08780
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0828498
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES AS A NONPROFIT ORGANIZATION UNDER NEW YORK STATE LAW. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAX JURISDICTION. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04391
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0657564
IRS990ScheduleD/TotalExpensesPerForm990Amt01338998
IRS990ScheduleD/TotalRevenuePerForm990Amt0828498
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0828498
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01338998
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07792
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LUNCHEON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027800
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt020008
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07792
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07792
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0104195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LEONARD POVEROMO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0104195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD DETERMINES OFFICERS' COMPENSATION BASED ON VARIOUS FACTORS AND THROUGH THEIR PROFESSIONAL EMPLOYMENT ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0LONG ISLAND FORUM FOR TECHNOLOGY INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1ALCOTT GROUP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2RETLIF LABORATORIES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD MEMBERSHIP AND SHARED ADMINISTRATIVE PERSONNEL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt079411
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt15991
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt286990
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE LONG ISLAND FORUM FOR TECHNOLOGY, INC. PROVIDES MONTHLY MANAGEMENT AND ACCOUNTING SERVICES.

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