2026-09-11T08:23:28-05:00 2025-12-31 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2025-01-01 470958492 LONG ISLAND MUSIC AND ENTERTAINMENT HALL OF FAME INC LONG 5167426123 97 MAIN STREET STONY BROOK NY 11790 ERNEST CANADEO BOARD CHAIRMAN 5167426123 2026-09-11 1 KEN CERINI P00223556 6315821600 2026-09-08 2025 ERNEST CANADEO 97 MAIN STREET STONY BROOK NY 11790 956331 0 X HTTPS://WWW.LIMUSICHALLOFFAME.ORG/ X 2004 NY TO CELEBRATE THE RICH MUSIC AND ENTERTAINMENT HERITAGE OF LONG ISLAND AND SUPPORT MUSIC AND ARTS EDUCATION FOR FUTURE GENERATIONS. 22 19 7 30 0 0 527727 371377 540276 567465 0 14200 8112 3289 1076115 956331 10000 10100 0 0 223722 203634 0 0 18053 671388 865569 905110 1079303 171005 -122972 1065360 1277991 69720 211751 995640 1066240 X TO CELEBRATE THE RICH MUSIC AND ENTERTAINMENT HERITAGE OF LONG ISLAND AND SUPPORT MUSIC AND ARTS EDUCATION FOR FUTURE GENERATIONS. 0 0 942892 10100 567465 THE LONG ISLAND MUSIC & ENTERTAINMENT HALL OF FAME WAS CREATED TO CELEBRATE AND PRESERVE LONG ISLAND'S RICH AND DIVERSE MUSICAL, ARTISTIC, AND CULTURAL LEGACY FOR GENERATIONS TO COME.ESTABLISHED IN 2004, WE HAVE INDUCTED NEARLY 140 MUSICIANS AND INDUSTRY PROFESSIONALS IN EVERY MUSICAL GENRE INCLUDING ROCK, POP, HIP-HOP, CLASSICAL, BLUES, FOLK, AND JAZZ. WE BELIEVE THERE IS NO PLACE IN THE WORLD THAT HAS PRODUCED AS MUCH MUSICAL TALENT IN AS MANY GENRES - AS LONG ISLAND.OUR BEAUTIFUL 2-STORY 8800 SQUARE FOOT HALL OF FAME MUSEUM LOCATED IN STONY BROOK, NY OPENED IN 2022 AND HAS ALREADY BEEN RECOGNIZED AS ONE OF THE TOP MUSIC HALL OF FAMES IN THE COUNTRY BY THE GRAMMY AWARDS, ONE OF THE TOP TOURIST ATTRACTIONS ON LONG ISLAND BY I LOVE NY/NY TOURISM, AND WE HAVE BEEN COVERED POSITIVELY BY EVERY LOCAL AND MAJOR MEDIA IN THE NEW YORK MARKET. OUR CURRENT AND MUCH CELEBRATED BILLY JOEL MY LIFE EXHIBIT HAS ATTRACTED TENS OF THOUSANDS OF VISITORS IN LESS THAN 18 MONTHS.WE HAVE CREATED DOZENS OF PROGRAMS REACHING MUSIC LOVERS FROM 18-80, INCLUDING HEALTH AND HARMONY, WHERE WE PARTNER WITH A MAJOR LONG ISLAND HEALTHCARE SYSTEM TO BRING MUSIC THERAPY AND SERVICES TO LONG ISLAND SENIORS, FREE OF CHARGE. WE HOST WEEKLY CONCERTS ON OUR STAGE WITH ARE FREE WITH ADMISSION AND TO MEMBERS, WHICH SHOWCASE LOCAL LONG ISLAND TALENT PERFORMING ORIGINAL MUSIC, COMEDY, AND FILMS, GIVING EXPOSURE TO POTENTIAL FUTURE HALL OF FAMERS.OUR MANY EDUCATIONAL PROGRAMS ENGAGE SCHOOL DISTRICTS THROUGHOUT LONG ISLAND AS WE HOST HIGH SCHOOL BAND CAMPS, INVITE LOCAL HIGH SCHOOL BANDS AND ORCHESTRAS TO PERFORM ON OUR STAGE, AND ENGAGE TEACHERS THROUGH OUR EXCLUSIVE AREA TEACHROCK COLLABORATION WITH RENOWNED MUSICIAN STEVEN VAN ZANDT. WE HAVE AWARDED TENS OF THOUSANDS OF DOLLARS IN SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, INCLUDING OVER $10,000 IN 2025, AND CELEBRATE EDUCATORS ANNUALLY WITH OUR EDUCATOR OF NOTE AWARDS.WITH OUR EXPANSION INTO ENTERTAINMENT, WE NOW SHOWCASE MONTHLY FILMS DIRECTED BY LONG ISLAND FILMMAKERS AND ARE PLANNING OUR INAUGURAL MUSIC DOCUMENTARY FILM FESTIVAL IN AUGUST 2025. MAJOR COMEDY AND FILM EXHIBITIONS ARE IN THE PLANNING STAGES.WE HAVE ESTABLISHED OURSELVES AS A VIBRANT COMMUNITY OF MUSICIANS, FILMMAKERS, COMEDIANS AND ASPIRING ARTISTS WHO HAVE FOUND A NEW HOME AT OUR HALL OF FAME MUSEUM, AND WE ARE PROUD TO HAVE CREATED A NEW CULTURAL INSTITUTION THAT IS TRANSFORMING THE WAY THE WORLD LOOKS AT AND ADMIRES - LONG ISLAND'S UNEQUALED MUSIC AND CULTURAL CONTRIBUTIONS. 942892 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X ERNEST CANADEO 5167426123 97 MAIN STREET STONY BROOK NY 11790 ERNEST CANADEO CHAIRMAN 12.00 X X 0 0 0 NORM PRUSSLIN BOARD TRUSTEE 8.00 X 0 0 0 TOM NEEDHAM BOARD TRUSTEE 8.00 X 0 0 0 ROB DEBRAUWERE BOARD TRUSTEE 1.00 X 0 0 0 LARRY DUNN BOARD TRUSTEE 1.00 X 0 0 0 RONALD STAIR BOARD TRUSTEE 1.00 X 0 0 0 BRIAN LEE SECRETARY 1.00 X X 0 0 0 RON ALEXENBURG BOARD TRUSTEE 1.00 X 0 0 0 DAVID BARAM BOARD TRUSTEE 1.00 X 0 0 0 RICHARD BRANCIFORTE BOARD TRUSTEE 1.00 X 0 0 0 JIM FAITH BOARD TRUSTEE 8.00 X 0 0 0 BARRY FISCH BOARD TRUSTEE AND GENERAL MANAGER 40.00 X 71000 0 0 JEFFREY JAMES BOARD TRUSTEE 1.00 X 0 0 0 MARK MEINBERG BOARD TRUSTEE 1.00 X 0 0 0 KELLY MAUDE LEUNG BOARD TRUSTEE AND COMMUNITY OUTREACH 20.00 X 3692 0 0 KEVIN O'CALLAGHAN BOARD TRUSTEE 1.00 X 0 0 0 ROB POSNER TREASURER 1.00 X X 0 0 0 SANDRA TAYLOR BOARD TRUSTEE 1.00 X 0 0 0 DAVE WIDMER BOARD TRUSTEE 1.00 X 0 0 0 PAUL ANTHONY BOARD TRUSTEE 1.00 X 0 0 0 JOHNNY ROSADO BOARD TRUSTEE 1.00 X 0 0 0 JUDI LACH VEECK EXECUTIVE DIRECTOR 20.00 X 28984 0 0 103676 0 0 0 0 0 0 0 202020 169357 371377 MUSEUM ADMISSION INCOM 900099 567465 567465 567465 14200 14200 MISCELLANEOUS INCOME 900099 3289 3289 3289 956331 570754 0 14200 10100 10100 103676 92272 8294 3110 81892 72884 6551 2457 18066 16079 1445 542 28435 22748 5687 27785 22471 5314 169012 160561 8451 45693 16449 29244 116428 103621 9314 3493 20270 20270 11505 11505 242104 242104 39993 23996 15997 COST OF GOODS SOLD 74817 74817 DISPLAY EXPENSES 33430 33430 EVENT FEES 29197 29197 REPAIRS AND MAINTENANCE 21601 21601 5299 562 4737 1079303 942892 118358 18053 8952 2872 528295 733064 228567 130257 43840 24266 632306 345424 351676 286882 2340 2340 1065360 1277991 63962 57664 83084 5758 71003 69720 211751 X 995640 1066240 995640 1066240 1065360 1277991 X -122972 193572 0 X 0 1 X 1 0 X 26739 352106 481656 527727 420689 1808917 35611 333124 540276 567465 1476476 26739 387717 814780 1068003 988154 3285393 0 0 0 3285393 2247 121 8112 17489 27969 26739 389964 814901 1076115 1005643 3313362 0.99160 0.99560 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 126872 62745 64127 505434 282679 222755 286882 ACCRUED SALARIES 5758 DUE TO FUNDING SOURCE 65245 71003 X 963746 7415 7415 956331 0 956331 1086718 7415 7415 1079303 0 1079303 PART III, LINE 4: THE ORGANIZATION IS A MUSEUM THAT HOLDS COLLECTIONS OF MUSICAL AND ENTERTAINMENT SIGNIFICANCE OF LONG ISLAND ARTISTS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS PUBLICLY SUPPORTED AS DESCRIBED IN SECTION 509(A). DONORS MAY DEDUCT CONTRIBUTIONS MADE TO THE ORGANIZATION WITHIN THE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS EVALUATED ITS ACTIVITIES FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2025. 1 SCHOLARSHIPS 10 10100 BOOK ERNEST CANADEO CHAIRMAN 30973 PUBLIC RELATIONS 0 BARRY FISCH BOARD TRUSTEE 71000 PAYMENT FOR EMPLOYMENT SERVICES 0 KELLY MAUDE LEUNG BOARD TRUSTEE 3692 PAYMENT FOR EMPLOYMENT SERVICES 0 PART IV, QUESTION 28C A COMPANY OWNED BY THE BOARD CHAIRMAN PROVIDES PUBLIC RELATIONS SERVICES TO THE ORGANIZATION. DURING THE YEAR ENDED DECEMBER 31, 2025, THE ORGANIZATION PAID THE MARKETING COMPANY $30,973. THE BOARD CHAIRMAN WAS NOT INVOLVED IN THE SELECTION PROCESS OF HIS COMPANY AND WAS NOT PRESENT AT THE MEETING DURING THE CONVERSATION AND DECISION TO RETAIN HIS COMPANY. THE PRICING CHARGED BY THE MARKETING COMPANY TO THE ORGANIZATION IS LOWER THAN WHAT THE COMPANY TYPICALLY CHARGES ITS CLIENTS. FORM 990, PART VI, SECTION A, LINE 1A THE VARIANCE OF THREE BETWEEN THE TOTAL NUMBER OF VOTING MEMBERS AND INDEPENDENT VOTING MEMBERS IS DUE TO TWO BOARD MEMBERS BEING COMPENSATED EMPLOYEES OF THE ORGANIZATION AND A THIRD MEMBER PROVIDING PUBLIC RELATIONS SERVICES THROUGH HIS COMPANY. WHILE THESE INDIVIDUALS RETAIN VOTING RIGHTS AS MEMBERS OF THE GOVERNING BODY, THEY DO NOT MEET THE IRS DEFINITION OF AN INDEPENDENT VOTING MEMBER BECAUSE THEY RECEIVE COMPENSATION FROM THE ORGANIZATION. ACCORDINGLY, THEY ARE INCLUDED IN THE TOTAL VOTING MEMBER COUNT BUT EXCLUDED FROM THE INDEPENDENT VOTING MEMBER COUNT REPORTED ON FORM 990. SEE SCHEDULE L FOR DETAIL. ALL RELATED PARTY TRANSACTIONS WERE REVIEWED BY THE INDEPENDNET BOARD MEMBERS AND WERE FOUND TO BE FAIR AND IN THE BEST INTERST OF THE ORGANIZATION. THE THREE BOARD MEMBERS BEING COMPENSATED ARE ERNEST CANADEO, KELLY MAUDE LEUNG, AND BARRY FISCH WHO HOLD THE POSITIONS OF BOARD CHAIRMAN, COMMUNITY OUTREACH, AND GENERAL MANAGER, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS AND OFFICERS AT THE BOARD MEETING. COMMENTS ARE DISCUSSED AND CORRECTED BEFORE A COPY OF THE FORM 990 IS FILED. A COPY OF THE FORM 990 CAN BE FOUND ON GUIDESTAR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY. QUESTIONS ARE RAISED AND ANSWERED WHEN APPLICABLE AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE COMMITTEE AND EXECUTIVE BOARD CONSULT ON AND APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS, AND KEY EMPLOYEES. COMPENSATION DETERMINATIONS ARE BASED ON COMPARABILITY INFORMATION AND ARE CONTEMPORANEOUSLY DOCUMENTED IN BOARD AND COMMITTEE RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE AT THE MUSEUM'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED DECEMBER 31, 2025, MANAGEMENT IDENTIFIED ERRORS RELATED TO THE RECOGNITION OF MUSEUM INCOME AND GRANT REVENUE IN THE PREVIOUSLY ISSUED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024. AS A RESULT, THE ACCOMPANYING COMPARATIVE FINANCIAL STATEMENTS HAVE BEEN RESTATED TO CORRECT THESE ERRORS. MANAGEMENT DETERMINED THAT CERTAIN MUSEUM INCOME AND GRANT REVENUE WERE EITHER NOT RECORDED OR WERE RECORDED IN AN INCORRECT PERIOD IN THE PREVIOUSLY ISSUED FINANCIAL STATEMENTS. IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") 250, ACCOUNTING CHANGES AND ERROR CORRECTIONS, THE MUSEUM HAS CORRECTED THESE ERRORS THROUGH THE RETROSPECTIVE RESTATEMENT OF THE PRIOR-YEAR FINANCIAL STATEMENTS. THE RESTATEMENT HAD NO EFFECT ON THE MUSEUM'S TOTAL CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024.