Nonprofit · EIN 11-2195994
ADVANCEMENT FOR COMMERCE & INDUSTRY INC
Tax-exempt · HUNTINGTON, NY 11743
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $0 | $2,552 | -$2,552 | $15,416 | $0 | $15,416 |
| December 31, 2023 | 990 | $0 | $7,515 | -$7,515 | $17,968 | $0 | $17,968 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $17,968
- Total assets, end of year
- $15,416
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,416
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 1964
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 32 OFFICERS AND DIRECTORS PART TIME | VOUNTEER - PT Officer | – | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| 32 OFFICERS AND DIRECTORS PART TIME | VOUNTEER - PT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 220, HUNTINGTON, NY 11743-0220
- Principal officer (990 for 2024)
- ROBERT S POSNER, 8 DIANE CT, EAST NORTHPORT, NY 11731
- Signed the 990
- ROBERT S POSNER, TREASURER
- Phone
- (631) 789-1660
- Website
- ACITLI.COM
- Return prepared by
- SMAJ LLC
Mission
BUISNESS NETWORKING
Program accomplishments
- BUSINESS NETWORKING THROUGH BREAKFAST AND LUNCHEON MEETINGS
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2195994
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $15,416
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $0 | $2,552 | $15,416 | XML |
| 990 | December 2023 | $0 | $7,515 | $17,968 | XML |
| 990 | December 2022 | $0 | $7,771 | $25,483 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2195994).
Questions about ADVANCEMENT FOR COMMERCE & INDUSTRY INC
- What is the EIN of ADVANCEMENT FOR COMMERCE & INDUSTRY INC?
- The employer identification number (EIN) of ADVANCEMENT FOR COMMERCE & INDUSTRY INC is 11-2195994.
- Is ADVANCEMENT FOR COMMERCE & INDUSTRY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
- Are donations to ADVANCEMENT FOR COMMERCE & INDUSTRY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADVANCEMENT FOR COMMERCE & INDUSTRY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ADVANCEMENT FOR COMMERCE & INDUSTRY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVANCEMENT FOR COMMERCE & INDUSTRY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ADVANCEMENT FOR COMMERCE & INDUSTRY INC?
- The 990 for the year ended December 31, 2024 names ROBERT S POSNER.
- Who are the officers and directors of ADVANCEMENT FOR COMMERCE & INDUSTRY INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does ADVANCEMENT FOR COMMERCE & INDUSTRY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $0, expenses of $2,552 and total assets of $15,416 at year end.
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