Civic Intelligence

Long Island Networking Elite Inc.

990 • Fiscal year 2017 • EIN 41-2051457

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

184 East Main StHuntington, NY 11743

(516) 256-3500

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.00x

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

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

Liabilities / Revenue

82nd percentile

0.00x

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

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

Net Margin

38th percentile

-5.4%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

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

Asset Growth

11th percentile

-42%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

72nd percentile

53%

Faster revenue growth than 72% of similar nonprofits.

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

Assets

Down

$9,245

Down $6,761 (-42%) from 2016

Net Assets

Down

$9,245

Down $6,761 (-42%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$125,778

Up $43,812 (+53%) from 2016

Expenses

Up

$132,539

Up $47,098 (+55%) from 2016

Net Income

Down

-$6,761

Down $3,286 (-95%) from 2016

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2010: $1,405Liabilities 2010: $0Net Assets 2010: $1,4052010Assets 2011: $1,960Liabilities 2011: $2,500Net Assets 2011: -$5402011Assets 2012: $3,074Liabilities 2012: $4,030Net Assets 2012: -$9562012Assets 2013: $5,339Liabilities 2013: $0Net Assets 2013: $5,3392013Assets 2014: $13,541Liabilities 2014: $0Net Assets 2014: $13,5412014Assets 2015: $19,481Liabilities 2015: $0Net Assets 2015: $19,4812015Assets 2016: $16,006Liabilities 2016: $0Net Assets 2016: $16,0062016Assets 2017: $9,245Liabilities 2017: $0Net Assets 2017: $9,2452017Assets 2018: $22,930Liabilities 2018: $2,000Net Assets 2018: $20,9302018Assets 2019: $26,510Liabilities 2019: $2,000Net Assets 2019: $24,5102019Assets 2020: $38,086Liabilities 2020: $2,000Net Assets 2020: $36,0862020Assets 2021: $42,869Liabilities 2021: $8,500Net Assets 2021: $34,3692021Assets 2022: $119,410Liabilities 2022: $103,150Net Assets 2022: $16,2602022Assets 2023: $141,816Liabilities 2023: $131,755Net Assets 2023: $10,0612023Assets 2024: $161,785Liabilities 2024: $163,314Net Assets 2024: -$1,5292024

Highlighted filing

2017

Assets$9,245
Liabilities$0
Net Assets$9,245

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $102,576Expenses 2010: $111,702Net Income 2010: -$9,1262010Expenses 2011: $66,8092011Expenses 2012: $52,5122012Revenue 2013: $44,445Expenses 2013: $38,150Net Income 2013: $6,2952013Revenue 2014: $64,290Expenses 2014: $56,088Net Income 2014: $8,2022014Revenue 2015: $78,352Expenses 2015: $72,412Net Income 2015: $5,9402015Revenue 2016: $81,966Expenses 2016: $85,441Net Income 2016: -$3,4752016Revenue 2017: $125,778Expenses 2017: $132,539Net Income 2017: -$6,7612017Revenue 2018: $184,016Expenses 2018: $172,331Net Income 2018: $11,6852018Revenue 2019: $242,242Expenses 2019: $238,662Net Income 2019: $3,5802019Revenue 2020: $52,733Expenses 2020: $41,157Net Income 2020: $11,5762020Revenue 2021: $337,964Expenses 2021: $339,681Net Income 2021: -$1,7172021Revenue 2022: $128,245Expenses 2022: $146,354Net Income 2022: -$18,1092022Revenue 2023: $162,771Expenses 2023: $168,970Net Income 2023: -$6,1992023Revenue 2024: $201,135Expenses 2024: $212,725Net Income 2024: -$11,5902024

Highlighted filing

2017

Revenue$125,778
Expenses$132,539
Net Income-$6,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$230,075
Mission and Program Overview

Mission

To raise and distribute funds to locally based charitable organizations in order to make a difference to the underprivileged in the community.

Long island elite's mission is to cultivate the development, growth and leadership capabilities of young business professionals across long island. We are dedicated to raising awareness and funds for local not-for-profit organizations and other agencies that make a difference in our own backyard.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,081$9,245▲ $164
Rtn Earn Endowment Incm Other Fnds$16,006$9,245▼ $6,761
Accounts Receivable$6,925--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$16,006$9,245▼ $6,761
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,006$9,245▼ $6,761
Total Liabilities and Net Assets / Fund Balance$16,006$9,245▼ $6,761
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael SternPresident
Ian MurphyVice President
Alan GreenbergBoard Member
Andrew TuckerBoard Member
Brad CaracciolaBoard Member
Dawn StrainBoard Member
Evan BloomBoard Member
Michael MosscropBoard Member
Michelle BlumBoard Member
Scott BefrasBoard Member
Frank MorizioSecretary
Sean BickoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,952
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$95,826
All Other Contributions
$8,435
Change in Net Assets
$-6,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,000
Other Expenses$52,539
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$80,000--$80,000
Fees for Services Other-$5,528-$5,528
Advertising-$4,341-$4,341
Insurance-$2,337-$2,337
Fees for Services Legal-$1,570-$1,570
Office Expenses-$1,037-$1,037
Other Expenses$33,346$518-$518
All Other Expenses-$505-$505
Total Functional Expenses$113,346$19,193$0$132,539
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Long Island Alzheimers Foundation IncWestbury, NY-Donation$80,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$200,123
Fundraising Direct Expenses$104,297
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Charity Masquerade$200,123$200,123$7,301$192,822
Total Events$200,123$200,123$104,297$95,826
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The form 990 is completed by the preparer and submitted to management. The document is reviewed by management and is then distributed to the board for review. Any comments or questions are presented to management which communicates the issue directly to the preparer.

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

Whenever there is reason to believe that a potential conflict of interest exists between long island networking elite and a board member or executive director, the board shall determine the appropriate response. The designated reviewing official has a responsibility to bring a potential conflict of interest to the attention of the board for action at the next regular meeting of the board or during a special meeting called specifically to review the potential conflict of interest. Long island networking elite shall refrain from acting until such time as the proposed action, policy or transaction has been approved by the disinterested members of the board. Whenever there is reason to believe that a potential conflict of interest exists between friends of nassau county bailey arboretum and a consultant/volunteer, the executive director shall determine the appropriate response. The executive director shall report to the board chair the results of any review and the action taken. The chair shall determine whether any further board review or action is required.

Form 990, Part VI, Section C, Line 18

The organization provides the documents upon request. In addition, nys charities bureau provides these documents on their website.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Long Island Networking Elite Inc
EIN
41-2051457
Phone
5162563500
Address
184 EAST MAIN ST, HUNTINGTON, NY 11743

Signing Officer

Name
Sean Bickoff
Title
Treasurer
Phone
6316737600
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Stern
Formed
2002
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
75

Preparer

Firm
Fuller Lowenberg & Co Cpas Pc
Address
200 MOTOR PKWY D-24, HAUPPAUGE, NY 11788
Preparer
Lynn Giugliano CPA
Phone
6314997900
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt031750
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt080804
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0118694
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0112554
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0118694
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt034418
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt034418
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0200123
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IRS990ScheduleI/RecipientTable/RecipientEIN0112926958
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01025 OLD COUNTRY ROAD
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS COMPLETED BY THE PREPARER AND SUBMITTED TO MANAGEMENT. THE DOCUMENT IS REVIEWED BY MANAGEMENT AND IS THEN DISTRIBUTED TO THE BOARD FOR REVIEW. ANY COMMENTS OR QUESTIONS ARE PRESENTED TO MANAGEMENT WHICH COMMUNICATES THE ISSUE DIRECTLY TO THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHENEVER THERE IS REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN LONG ISLAND NETWORKING ELITE AND A BOARD MEMBER OR EXECUTIVE DIRECTOR, THE BOARD SHALL DETERMINE THE APPROPRIATE RESPONSE. THE DESIGNATED REVIEWING OFFICIAL HAS A RESPONSIBILITY TO BRING A POTENTIAL CONFLICT OF INTEREST TO THE ATTENTION OF THE BOARD FOR ACTION AT THE NEXT REGULAR MEETING OF THE BOARD OR DURING A SPECIAL MEETING CALLED SPECIFICALLY TO REVIEW THE POTENTIAL CONFLICT OF INTEREST. LONG ISLAND NETWORKING ELITE SHALL REFRAIN FROM ACTING UNTIL SUCH TIME AS THE PROPOSED ACTION, POLICY OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED MEMBERS OF THE BOARD. WHENEVER THERE IS REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN FRIENDS OF NASSAU COUNTY BAILEY ARBORETUM AND A CONSULTANT/VOLUNTEER, THE EXECUTIVE DIRECTOR SHALL DETERMINE THE APPROPRIATE RESPONSE. THE EXECUTIVE DIRECTOR SHALL REPORT TO THE BOARD CHAIR THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. THE CHAIR SHALL DETERMINE WHETHER ANY FURTHER BOARD REVIEW OR ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES THE DOCUMENTS UPON REQUEST. IN ADDITION, NYS CHARITIES BUREAU PROVIDES THESE DOCUMENTS ON THEIR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/FilingSecurityInformation/IPTm015:00:45

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$1.63$0.02$2.01$2.13$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.42$1.32$0.10$1.63$1.69$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.19$1.03$0.16$1.28$1.46$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.09$0.34$3.38$3.40$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.53$0.41$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$2.42$2.39$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.02$0.21$1.84$1.72$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$1.26$1.33$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.82$0.85$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.78$0.72$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.64$0.56$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.44$0.38$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.04$0.01$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.03$0.01$0.67
2010Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$1.03$1.12$0.09