2024-11-15T17:07:11-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990EZ 2023-01-01 113539717 LIA FOUNDATION INC LIAF 6314933000 300 BROADHOLLOW ROAD 110W MELVILLE NY 117474840 MICHELLE BRYNE CFO 6314933000 2024-11-15 1 0 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z X HTTPS://WWW.LONGISLANDASSOCIATION.ORG/FOUNDATION/ X X 88500 X 88500 88500 83000 83000 5500 25209 7 30716 X 35209 377216 35209 377216 10000 346500 25209 30716 X THE LIA FOUNDATION AIMS TO IMPLEMENT PROGRAMS, HOLD EVENTS, AND CONDUCT RESEARCH THAT FOCUS ON AREAS CRITICAL TO LONG ISLAND'S ECONOMIC DEVELOPMENT, INCLUDING:- FOSTERING A DIVERSE, EQUITABLE, AND INCLUSIVE ECONOMY - SUPPORTING SMALL BUSINESSES- PROTECTING LONG ISLAND'S MOST VULNERABLE RESIDENTS IN NEED - ENCOURAGING WORKFORCE TRAINING TO SUPPORT EMPLOYERS AND THEIR EMPLOYEES- CULTIVATING INNOVATIONTHE FOUNDATION SOLICITS GRANTS AND CONTRIBUTIONS FOR FUTURE PROJECTS THAT BENEFIT LONG ISLAND. THIS INCLUDES, BUT IS NOT LIMITED TO, GRANTS THAT WOULD IMPLEMENT PROGRAMS TO FURTHER THE LIA'S PRIORITIES TO SUPPORT ECONOMIC GROWTH ON LONG ISLAND, SUCH AS SMALL BUSINESS SUPPORT AND INCLUSIVE ECONOMIC DEVELOPMENT. THE FOUNDATION PROVIDED $83,000 IN SUPPORT TO THE LONG ISLAND ASSOCIATION IN CALENDAR YEAR 2023. (SEE SCHEDULE O) 83000 83000 83000 MATTHEW COHEN ESQ DIRECTOR, LIA PRESIDENT & CEO 1.00 0 0 0 MICHELLE BYRNE CFO 1.00 0 0 0 STACEY SIKES LIA VP OF GOV. AFF. & COMMUN. 1.00 0 0 0 LAWRENCE WALDMAN CHAIRMAN 1.00 0 0 0 ROBERT CATELL DIRECTOR 1.00 0 0 0 NEELA MUKHERJEE LOCKEL DIRECTOR (AS OF 04/2023) 1.00 0 0 0 PAULE T PACHTER DIRECTOR (AS OF 04/2023) 1.00 0 0 0 DR CHRIS ROSA DIRECTOR (AS OF 04/2023) 1.00 0 0 0 CHARLES STRAIN DIRECTOR (THRU 05/2023) 1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY MICHELLE BYRNE 300 BROADHOLLOW ROAD MELVILLE NY 11747 6314933048 0 0 0 0 0 0 0 0 0 1 0 NONE NONE 1 X X 1 LONG ISLAND ASSOCIATION INC 111617383 10 1 83000 0 1 83000 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 2 THE LIA FOUNDATION'S SUPPORTED ORGANIZATION IS THE LONG ISLAND ASSOCIATION, A SECTION 501(C)(6) MEMBERSHIP ORGANIZATION THAT ADVOCATES FOR THE REGION'S ECONOMIC DEVELOPMENT AND SUPPORTS THE BUSINESS GROWTH OF ITS MEMBERS. THE ASSOCIATION DOES NOT HAVE AN IRS DETERMINATION LETTER CONFERRING IT STATUS UNDER SECTION 509(A)(1) OR (A)(2). NEVERTHELESS, THE ASSOCIATION'S SOURCES OF SUPPORT ARE SUCH THAT IT WOULD MEET THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2). SCHEDULE A, PART IV, SECTION A, LINE 3C AS NOTED IN RESPONSE TO QUESTION 3B, THE LIA FOUNDATION AND THE LONG ISLAND ASSOCIATION SHARE A SIMILAR MISSION AND AN OVERLAPPING BOARD; ACCORDINGLY, ALL AMOUNTS GRANTED FROM THE FOUNDATION TO THE ASSOCIATION MUST BE UTILIZED IN FURTHERANCE OF THE ASSOCIATION'S MISSION TO SPUR ECONOMIC GROWTH IN LONG ISLAND, TO IMPROVE THE BUSINESS CLIMATE IN THE REGION AND THE MISSION AND GOALS OF THE FOUNDATION. NO AMOUNTS GRANTED BY THE FOUNDATION ARE USED IN A MANNER THAT WOULD CAUSE THE FOUNDATION TO JEOPARDIZE ITS SECTION 501(C)(3) TAX-EXEMPT STATUS. SCHEDULE A, PART IV, SECTION A, LINE 3B THE LIA FOUNDATION IS A SEPARATE 501 C(3) THAT SUPPORTS ITS PARENT ORGANIZATION, THE LONG ISLAND ASSOCIATION INC., A 501 C(6). BOTH ORGANIZATIONS HAVE AN OVERLAPPING BOARD AND SHARE A SIMILAR MISSION. THE LONG ISLAND ASSOCIATION RECEIVES IN EXCESS OF 33 1/3% OF ITS SUPPORT FROM PUBLIC SOURCES AND SATISFIES THE INTERNAL REVENUE CODE SECTION 509(A)(2) PUBLIC SUPPORT TEST. THE ASSOCIATION RECEIVES ITS PRIMARY FUNDING FROM MEMBERSHIP DUES, PROGRAMS AND EVENTS AND GRANT REVENUES; AN INSIGNIFICANT PORTION OF ITS REVENUE IS DERIVED FROM INVESTMENT ACTIVITIES IN ANY GIVEN YEAR. THE MISSION OF THE LONG ISLAND ASSOCIATION FOUNDATION IS TO SUPPORT THE WELL-BEING OF ALL LONG ISLAND COMMUNITIES, BUSINESSES, AND THEIR EMPLOYEES WHICH WILL HELP OUR REGION TO THRIVE AND PROSPER. THE LIA FOUNDATION AIMS TO IMPLEMENT PROGRAMS, HOLD EVENTS, AND CONDUCT RESEARCH THAT FOCUS ON AREAS CRITICAL TO LONG ISLAND'S ECONOMIC DEVELOPMENT, INCLUDING: - FOSTERING A DIVERSE, EQUITABLE, AND INCLUSIVE ECONOMY - SUPPORTING SMALL BUSINESSES - PROTECTING LONG ISLAND'S MOST VULNERABLE RESIDENTS IN NEED - ENCOURAGING WORKFORCE TRAINING TO SUPPORT EMPLOYERS AND THEIR EMPLOYEES - CULTIVATING INNOVATION RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: . GRANTEE NAME: LONG ISLAND ASSOCIATION, INC.. GRANTEE ADDRESS: 300 BROADHOLLOW RD. MELVILLE, NY 11747-4840. GRANTEE RELATIONSHIP: RELATED ORG. 501(C)(6). PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 83,000. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: ROUNDING. AMOUNT: 7. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: DUE TO LONG ISLAND ASSOCIATION, INC.. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 46,500. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 300,000. FORM 990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS: DURING 2023, THE FOUNDATION RELEASED $83,000 OF GRANTS AND SPONSORSHIPS TO SUPPORT VARIOUS LONG ISLAND ASSOCIATION ("LIA") PROGRAMS, PUBLICATIONS AND STUDIES INCLUDING A NEW INITIATIVE FOR ITS SMALL BUSINESS SUPPORT PROGRAM WHICH FOCUSED ON INCLUSIVE ECONOMIC DEVELOPMENT. IN 2023, THE LONG ISLAND ASSOCIATION FOUNDATION WAS AWARDED A $42,000 GRANT FROM THE LONG ISLAND COMMUNITY FOUNDATION IN PARTNERSHIP WITH THE LONG ISLAND AFRICAN AMERICAN CHAMBER OF COMMERCE ("LIAACC") AND LONG ISLAND HISPANIC CHAMBER OF COMMERCE ("LIHCC") TO DEVELOP A PLAN FOR INCLUSIVE ECONOMIC GROWTH IN OUR REGION. THIS WILL BUILD UPON THE LIA'S SMALL BUSINESS SUPPORT PROGRAM LAUNCHED IN JUNE 2022 AND THE COLLABORATION AMONG THE LIA, LIAACC, AND LIHCC TO SUPPORT AND ADVOCATE FOR LONG ISLAND'S DIVERSE SMALL BUSINESS COMMUNITY. THE ORGANIZATIONS ARE ENGAGING WITH THEIR MEMBERS IN QUARTERLY JOINT MEMBERSHIP MEETINGS, ROUNDTABLE DISCUSSIONS, AND INDIVIDUAL MEETINGS TO RECEIVE FEEDBACK AND INPUT ON BEST PRACTICES FOR REGIONAL COLLABORATION, MARKETING AND OUTREACH, AND NAVIGATING CHALLENGES FACING SMALL BUSINESSES.