2024-05-20T10:59:32-05:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-01-01 326175766 THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST LONG 2126438100 14 PENN PLAZA 1105 NEW YORK NY 10122 NANCY MARGRO CCC INC, GM 2126438100 2024-05-14 1 NANCY MARGRO 999009999 0 BARRY WECHSLER P00293702 2129498700 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z NANCY MARGRO 14 PENN PLAZA 1105 NEW YORK NY 10122 55162925 0 X N/A X 2011 NY FUNDS ARE TO BE USED TO RUNOFF BOTH LICH'S MEDICAL MALPRACTICE AND GENERAL LIABILITY CASES INCURRED DURING THE PERIOD OF JULY 1, 2004 THROUGH MAY 29, 2011, AT WHICH DATE LICH CONVEYED ITS ASSETS TO SUNY DOWNSTATE PURSUANT TO COURT APPROVAL. 1 1 0 0 0 0 0 0 0 0 355686 903581 0 0 355686 903581 0 0 0 0 0 0 0 0 0 302563 260982 302563 260982 53123 642599 30022935 29363934 30022935 29363934 0 0 FUNDS ARE TO BE USED TO RUNOFF BOTH LICH'S MEDICAL MALPRACTICE AND GENERAL LIABILITY CASES INCURRED DURING THE PERIOD OF JULY 1, 2004 THROUGH MAY 29, 2011, AT WHICH DATE LICH CONVEYED ITS ASSETS TO SUNY DOWNSTATE PURSUANT TO COURT APPROVAL. 0 0 903581 FUNDS ARE TO BE USED TO RUNOFF BOTH LICH'S MEDICAL MALPRACTICE AND GENERAL LIABILITY CASES INCURRED DURING THE PERIOD OF JULY 1, 2004 THROUGH MAY 29, 2011, AT WHICH DATE LICH CONVEYED ITS ASSETS TO SUNY DOWNSTATE PURSUANT TO COURT APPROVAL. 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 NY X EISNER ADVISORY GROUP LLC 2129498700 733 THIRD AVENUE NEW YORK NY 10017 DOMINIC J LODATO TRUSTEE 5.00 X 125000 0 0 125000 0 0 1 0 0 0 COMBINED COORDINATING COUNCIL INC 225 WEST 34TH STREET SUITE 1105 NEW YORK NY 10122 TRUST MANAGER 153120 SARETSKY KATZ DRANOFF LLP 565 TAXTER ROAD ELMSFORD NY 10523 LEGAL 144531 HON DOMINIC J LODATO 12 BARRACUDA ROAD EAST QUOGUE NY 11942 MANAGEMENT 125000 3 1056188 1056188 54106737 54259344 -152607 -152607 -152607 903581 903581 0 0 120947 120947 38632 38632 27812 27812 72111 72111 666 666 BANK CHARGES 814 814 260982 0 260982 0 9993684 7428304 19832886 21586615 196365 349015 30022935 29363934 89807 27739 29933128 29336195 30022935 29363934 X 0 0 30022935 29363934 X 642599 522451 -1165050 X X 0 1 X 1 0 X X X 1 LONG ISLAND COLLEGE HOSPITAL 111018985 3 1 899915 0 1 899915 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 1 0 PART IV, SECTION D, LINE 2: NO MEMBERS OF THE SUPPORTING ORGANIZATION ARE ON THE BOARD OF THIS ORGANIZATION. THE ORGANIZATIONS MAINTAIN A CLOSE RELATIONSHIP BECAUSE THE ORGANIZATION WAS FORMED FOR THE BEST INTEREST OF THE SUPPORTING ORGANIZATION. PART IV, SECTION E, LINE 2A: THE LONG ISLAND COLLEGE HOSPITAL MALPRACTICE TRUST WAS FORMED IN ORDER TO HELP LICH SUPPORT THEIR MISSION AND KEEP LICH IN BUSINESS IN CASE THEY INCUR ANY CLAIMS. 0 INVESTMENTS 21586615 F 21586615 INSURANCE CLAIMS LIABILITY 25500 RESERVE FOR CLAIMS AND DEFENSE COSTS 27261823 RESERVE FOR CLAIMS HANDLING COSTS 2048872 29336195 X 1353921 522451 -72111 450340 903581 0 903581 188871 -72111 -72111 260982 0 260982 PART X, LINE 2: THE LICH TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE LICH TRUST MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION, INCLUDING ITS TAX-EXEMPT STATUS, ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2022 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -72,111. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -72,111. FORM 990, PART VI, SECTION A, LINE 3 PURSUANT TO THE TERMS OF THE TRUST, THE GENERAL MANAGER FUNCTIONS OF THE TRUST HAVE BEEN DELEGATED TO COMBINED COORDINATING COUNCIL, INC. (CCC. INC). FORM 990, PART VI, SECTION B, LINE 11B THE TRUSTEE REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ITS TRUSTEE AND GENERAL MANAGER TO DISCLOSE ANY CONFLICT OF INTEREST IN AN ANNUAL QUESTIONNAIRE. FORM 990, PART VI, SECTION C, LINE 19 THE TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN RESERVES -1,165,050. FORM 990, PART XII, LINE 2C THE TRUSTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, NO CHANGE FROM PRIOR YEAR. FORM 990, PAGE 1, LINE G, GROSS RECEIPTS AMOUNT INCLUDED IN GROSS RECEIPTS CONSISTS OF INVESTMENT INCOME OF $1,056,188 AND PROCEEDS ON THE SALE OF INVESTMENTS OF $54,106,737.