Civic Intelligence

Long Island Convention and Visitors Bureau Inc

990 • Fiscal year 2015 • EIN 52-1137306

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 19, 2016

330 Motor ParkwayHauppauge, NY 11788

(631) 951-3900

Siviq Scores

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

Liabilities / Assets

51st percentile

0.19x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.06x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

58th percentile

5.3%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

25th percentile

$62,729

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

79th percentile

15%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

5.7%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$963,275

Up $122,305 (+15%) from 2014

Net Assets

Up

$777,831

Up $169,734 (+28%) from 2014

Liabilities

Down

$185,444

Down $47,429 (-20%) from 2014

Revenue

Up

$3,227,071

Up $173,936 (+5.7%) from 2014

Expenses

Down

$3,057,337

Down $73,343 (-2.3%) from 2014

Net Income

Up

$169,734

Up $247,279 (+319%) from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,137,093Liabilities 2010: $384,350Net Assets 2010: $752,7432010Assets 2011: $1,126,747Liabilities 2011: $352,479Net Assets 2011: $774,2682011Assets 2012: $1,187,206Liabilities 2012: $369,168Net Assets 2012: $818,0382012Assets 2013: $974,691Liabilities 2013: $289,049Net Assets 2013: $685,6422013Assets 2014: $840,970Liabilities 2014: $232,873Net Assets 2014: $608,0972014Assets 2015: $963,275Liabilities 2015: $185,444Net Assets 2015: $777,8312015Assets 2016: $1,266,832Liabilities 2016: $248,904Net Assets 2016: $1,017,9282016Assets 2017: $1,859,787Liabilities 2017: $236,612Net Assets 2017: $1,623,1752017Assets 2018: $2,025,249Liabilities 2018: $356,441Net Assets 2018: $1,668,8082018Assets 2019: $2,482,615Liabilities 2019: $367,274Net Assets 2019: $2,115,3412019Assets 2020: $2,999,177Liabilities 2020: $99,832Net Assets 2020: $2,899,3452020Assets 2021: $4,450,484Liabilities 2021: $682,471Net Assets 2021: $3,768,0132021Assets 2022: $4,587,914Liabilities 2022: $626,347Net Assets 2022: $3,961,5672022Assets 2023: $6,093,845Liabilities 2023: $1,375,520Net Assets 2023: $4,718,3252023Assets 2024: $6,713,536Liabilities 2024: $1,361,806Net Assets 2024: $5,351,7302024

Highlighted filing

2015

Assets$963,275
Liabilities$185,444
Net Assets$777,831

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $2,498,501Expenses 2010: $2,336,545Net Income 2010: $161,9562010Revenue 2011: $2,757,327Expenses 2011: $0Net Income 2011: $2,757,3272011Revenue 2012: $3,039,822Expenses 2012: $2,996,052Net Income 2012: $43,7702012Revenue 2013: $3,101,928Expenses 2013: $3,234,324Net Income 2013: -$132,3962013Revenue 2014: $3,053,135Expenses 2014: $3,130,680Net Income 2014: -$77,5452014Revenue 2015: $3,227,071Expenses 2015: $3,057,337Net Income 2015: $169,7342015Revenue 2016: $3,258,670Expenses 2016: $3,018,573Net Income 2016: $240,0972016Revenue 2017: $3,564,840Expenses 2017: $2,959,593Net Income 2017: $605,2472017Revenue 2018: $3,537,544Expenses 2018: $3,491,911Net Income 2018: $45,6332018Revenue 2019: $3,739,549Expenses 2019: $3,293,016Net Income 2019: $446,5332019Revenue 2020: $2,999,590Expenses 2020: $2,215,586Net Income 2020: $784,0042020Revenue 2021: $4,266,215Expenses 2021: $3,397,547Net Income 2021: $868,6682021Revenue 2022: $3,530,042Expenses 2022: $3,336,488Net Income 2022: $193,5542022Revenue 2023: $4,793,363Expenses 2023: $4,036,605Net Income 2023: $756,7582023Revenue 2024: $6,129,860Expenses 2024: $5,496,455Net Income 2024: $633,4052024

Highlighted filing

2015

Revenue$3,227,071
Expenses$3,057,337
Net Income$169,734
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 19, 2016
Return Version
2015v2.0
Gross Receipts
$3,227,071
Mission and Program Overview

Mission

Based on Long Island in Hauppauge, NY, Discover Long Island, Inc., contributes to the economic development and quality of life on long island by promoting the region as a world-class destination for tourism, meetings and conventions, trade shows, sporting events, and related activities.

The Long Island Convention & Visitors Bureau and Sports Commission (LICVB & SC) was established in 1979 as the official tourism promotion agency for the destination's travel and tourism industry. Based on Long Island in Hauppauge, NY, the LICVB&SC contributes to the economic development and quality of life on long island by promoting the region as a world-class destination for tourism, meeting and conventions, trade shows, sporting events, and related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$735,552$757,122▲ $21,570
Savings and Temporary Cash Investments$40,203$169,731▲ $129,528
Prepaid Expenses and Deferred Charges$33,873$32,005▼ $1,868
Land, Buildings, and Equipment, Net$26,925$0▼ $26,925
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$840,970$963,275▲ $122,305
Other Assets Total$4,417$4,417→ $0
Liabilities
Accounts Payable and Accrued Expenses$232,873$185,444▼ $47,429
Total Liabilities$232,873$185,444▼ $47,429
Net Assets / Fund Balance
Unrestricted Net Assets$608,097$777,831▲ $169,734
Total Net Assets Fund Balance$608,097$777,831▲ $169,734
Total Liabilities and Net Assets / Fund Balance$840,970$963,275▲ $122,305

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$438,778$438,778
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
yan baczkowskiformer CEOFT$52,754$9,975$62,729
Kristin JarnaginPresident & CEOFT$17,416$1,818$19,234

Board Members and Trustees

NameTitle
Gregg DeClementeChairman
Steven Batevice chairman
Alan FairbairnDirector
Barbara MontalbanoDirector
Bob SchaefferDirector
Brian NevinDirector
Bryan DeLucaDirector
David SilvermanDirector
Gail LambertaDirector
Gary LewiDirector
George GormanDirector
George SolomonDirector
Jeff DurhamDirector
Jessica BrownDirector
John NorbeckDirector
Ken WallesDirector
Kevin MoranDirector
Marc WeinsteinDirector
Michael JohnstonDirector
Monica HerbesDirector
Regina ZaraDirector
Theresa DugganDirector
Wilfred JospehDirector
Paul MonteSecretary
Gloria RocchioTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
KZS advertising incAdvertising16 Bennetts Road, Setauket, NY 11733$584,130
Revenue and Support

Revenue Composition

Contributions and Grants
$66,357
Program Service Revenue
$3,160,120
Investment Income
$594
Other Revenue
$0
All Other Contributions
$16,307
Change in Net Assets
$169,734

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,227,071
Total Revenue per Audited Statements
$3,227,071
Total Revenue per Form 990
$3,227,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,759,771
Salaries, Compensation, and Employee Benefits$1,109,697
Grants and Similar Amounts Paid$187,869
Total Fundraising Expense$120,918
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$887,510--$887,510
Other Salaries and Wages$560,451$114,764$38,254$713,469
Payroll Taxes$245,501$51,573$17,191$314,265
Grants to Domestic Orgs$187,869--$187,869
All Other Expenses$130,580$8,503$2,835$141,918
Occupancy$1,695$80,123$26,708$108,526
Current Officers, Directors, Trustees, and Key Employees$64,384$13,184$4,395$81,963
Travel$77,726--$77,726
Office Expenses$9,832$34,960$11,653$56,445
Other Expenses$54,757--$54,757
Conferences and Meetings$42,225--$42,225
Information Technology$36,380$643$214$37,237
Depreciation Depletion$-20,023$35,211$11,737$26,925
Fees for Services Legal$19,343$1,525$508$21,376
Fees for Services Accounting-$11,250$3,750$15,000
Insurance$451$6,581$2,194$9,226
Interest$43$4,438$1,479$5,960
Total Functional Expenses$2,573,664$362,755$120,918$3,057,337

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,057,337
Total Expenses per Audited Statements$3,057,337
Total Expenses per Form 990$3,057,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
montauk chamber of commercemontauk, NY501(c)(6)promotion of long island$58,128
hamptons visitors councilsouthampton, NY501(c)(6)promotion of long island$32,352
Long Island Wine Councilriverhead, NY501(c)(6)promotion of long island$20,000
east end tourism allianceriverhead, NY501(c)(6)promotion of long island$20,000
n shore promotion alliancestony brook, NY501(c)(6)promotion of long island$20,000
north fork promotion councilsouthold, NY501(c)(6)promotion of long island$16,449
riverhead chamber of commerceriverhead, NY501(c)(6)promotion of long island$15,251
east hampton chamber of commeast hampton, NY501(c)(6)promotion of long island$14,255
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
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest statements are reviewed and updated on an annual basis.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

ON OR BEFORE AUGUST 15, THE EXECUTIVE COMMITTEE ANNUALLY MEETS IN EXECUTIVE SESSION TO REVIEW THE PRESIDENT'S PERFORMANCE IN LINE WITH THE ELEMENTS CONTAINED IN HIS or her CONTRACT AND DETERMINES THE EXECUTIVE'S COMPENSATION FOR THE UPCOMING YEAR. WHILE THE EXECUTIVE COMMITTEE DOES NOT DETERMINE COMPENSATION FOR THE SENIOR MANAGEMENT TEAM OF THE ORGANIZATION, THE PRESIDENT INFORMS AND CONSULTS WITH THE EXECUTIVE COMMITTEE ON ANTICIPATED COMPENSATION INCREASES FOR SENIOR MANAGERS.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

On or before august 15, the executive committee annually meets in executive session to review the president's performance in line with the elements contained in his contract and determines the executive's compensation for the upcoming year. While the executive committee does not determine compensation for the senior management team of the organization, the president informs and consults with the executive committee on anticipated compensation increases for senior managers.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

THE ORGANIZATION'S BY-LAWS, BOARD OF DIRECTORS, ANNUAL MARKETING PLAN AND BUDGET ARE PUBLICLY POSTED ON ITS WEBSITE. all organizational documents ARE MADE AVAILABLE FOR PUBLIC VIEW BY CONTACTING THE ORGANIZATION'S BUSINESS OFFICE.

Filing and Contact Details

Filer

Filer Name
Long Island Convention and
EIN
52-1137306
Phone
6319513900
Address
330 MOTOR PARKWAY, HAUPPAUGE, NY 11788

Signing Officer

Name
Kristin Jarnagin
Title
President & CEO
Signed
2016-10-19
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
26

Preparer

Firm
Nawrocki Smith Llp
Address
290 BROADHOLLOW RD STE 115E, MELVILLE, NY 11747-4822
Preparer
Michael E Nawrocki
Phone
6317569500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending december 31, 2012 and subsequent remain subject to examination by the applicable taxing authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Jessica Brown
IRS990/Form990PartVIISectionAGrp/PersonNm1Bryan DeLuca
IRS990/Form990PartVIISectionAGrp/PersonNm2Theresa Duggan
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeff Durham
IRS990/Form990PartVIISectionAGrp/PersonNm4Alan Fairbairn
IRS990/Form990PartVIISectionAGrp/PersonNm5George Gorman
IRS990/Form990PartVIISectionAGrp/PersonNm6Monica Herbes
IRS990/Form990PartVIISectionAGrp/PersonNm7Gary Lewi
IRS990/Form990PartVIISectionAGrp/PersonNm8Gail Lamberta
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Johnston
IRS990/Form990PartVIISectionAGrp/PersonNm10Wilfred Jospeh
IRS990/Form990PartVIISectionAGrp/PersonNm11Barbara Montalbano
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Moran
IRS990/Form990PartVIISectionAGrp/PersonNm13Brian Nevin
IRS990/Form990PartVIISectionAGrp/PersonNm14John Norbeck
IRS990/Form990PartVIISectionAGrp/PersonNm15Bob Schaeffer
IRS990/Form990PartVIISectionAGrp/PersonNm16David Silverman
IRS990/Form990PartVIISectionAGrp/PersonNm17George Solomon
IRS990/Form990PartVIISectionAGrp/PersonNm18Ken Walles
IRS990/Form990PartVIISectionAGrp/PersonNm19Marc Weinstein
IRS990/Form990PartVIISectionAGrp/PersonNm20Regina Zara
IRS990/Form990PartVIISectionAGrp/PersonNm21Gregg DeClemente
IRS990/Form990PartVIISectionAGrp/PersonNm22Steven Bate
IRS990/Form990PartVIISectionAGrp/PersonNm23Paul Monte
IRS990/Form990PartVIISectionAGrp/PersonNm24Gloria Rocchio
IRS990/Form990PartVIISectionAGrp/PersonNm25Kristin Jarnagin
IRS990/Form990PartVIISectionAGrp/PersonNm26yan baczkowski
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt22vice chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt23Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt24Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt25President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt26former ceo
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IRS990/Form990TFiledInd0false
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt0187869
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Based on Long Island in Hauppauge, NY, the LICVB & SC contributes to the economic development and quality of life on long island by promoting the region as a world-class destination for tourism, meetings and conventions, trade shows, sporting events, and related activities.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$1.36$5.35$6.13$5.50$0.63
2023Detailed filing. Detailed filing data is available for this year.$6.09$1.38$4.72$4.79$4.04$0.76
2022Detailed filing. Detailed filing data is available for this year.$4.59$0.63$3.96$3.53$3.34$0.19
2021Detailed filing. Detailed filing data is available for this year.$4.45$0.68$3.77$4.27$3.40$0.87
2020Detailed filing. Detailed filing data is available for this year.$3.00$0.10$2.90$3.00$2.22$0.78
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.37$2.12$3.74$3.29$0.45
2018Detailed filing. Detailed filing data is available for this year.$2.03$0.36$1.67$3.54$3.49$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.86$0.24$1.62$3.56$2.96$0.61
2016Summary only. Only limited summary data is available for this year.$1.27$0.25$1.02$3.26$3.02$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.96$0.19$0.78$3.23$3.06$0.17
2014Summary only. Only limited summary data is available for this year.$0.84$0.23$0.61$3.05$3.13$0.08
2013Summary only. Only limited summary data is available for this year.$0.97$0.29$0.69$3.10$3.23$0.13
2012Summary only. Only limited summary data is available for this year.$1.19$0.37$0.82$3.04$3.00$0.04
2011Summary only. Only limited summary data is available for this year.$1.13$0.35$0.77$2.76$0.00$2.76
2010Summary only. Only limited summary data is available for this year.$1.14$0.38$0.75$2.50$2.34$0.16