Nonprofit · EIN 11-3316342
LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC
Tax-exempt · COMMACK, NY 11725
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $298,954 | $246,923 | $52,031 | $246,343 | $0 | $246,343 |
| October 31, 2024 | 990 | $357,225 | $302,658 | $54,567 | $184,312 | $0 | $184,312 |
| October 31, 2023 | 990-EZ | $139,381 | $137,969 | $1,412 | $201,573 | – | $201,573 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $298,589
- Membership dues
- $10,800
- Program service revenue
- $0
- Investment income
- $365
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $17,800
- Salaries, compensation and benefits (total)
- $17,800
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Travel
- $7,497
- Program services (functional)
- $227,354
- Management and general (functional)
- $19,569
Balance sheet and other
- Total assets, start of year
- $194,312
- Total assets, end of year
- $246,343
- Total liabilities, end of year
- $0
- Net assets, end of year
- $246,343
- Gross receipts
- $298,954
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1995
- 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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLENE MCDONNEL | EXECUTIVE BOARD | 15 | $11,800 |
| THEODORE P SASSO JR | CO-CHAIR | 5 | $0 |
| MITCHELL PALLY | CO-CHAIR | 5 | $0 |
| STEVEN E SCHRAMM | TREASURER | 10 | $0 |
| WILLIAM MANNIX | EXECUTIVE BOARD | 5 | $0 |
| ANDREW D PRESBERG ESQ | EXECUTIVE BOARD | – | $0 |
| JAMES GOLDRICK | EXECUTIVE BOARD | 5 | $0 |
| DENISE ANGIULO | EXECUTIVE BOARD | 5 | $0 |
| KATHY PASQUALE | EXECUTIVE BOARD | 5 | $0 |
| BRAD HEMINGWAY | EXECUTIVE BOARD | 5 | $0 |
| JOHN WALSNER | EXECUTIVE BOARD | 5 | $0 |
| LISA MULLIGAN | EXECUTIVE BOARD | 5 | $0 |
990 for the year ended October 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLENE MCDONNEL | EXECUTIVE BOARD | 15 | $11,800 |
| THEODORE P SASSO JR | CO-CHAIR | 5 | $0 |
| MITCHELL PALLY | CO-CHAIR | 5 | $0 |
| STEVEN E SCHRAMM | TREASURER | 10 | $0 |
| WILLIAM MANNIX | EXECUTIVE BOARD | 5 | $0 |
| ANDREW D PRESBERG ESQ | EXECUTIVE BOARD | – | $0 |
| JAMES GOLDRICK | EXECUTIVE BOARD | 5 | $0 |
| DENISE ANGIULO | EXECUTIVE BOARD | 5 | $0 |
| KATHY PASQUALE | EXECUTIVE BOARD | 5 | $0 |
990-EZ for the year ended October 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARLENE MCDONNEL | EXECUTIVE BOARD | 15 | $10,500 |
| THEODORE P SASSO JR | CO-CHAIR | 5 | $0 |
| MITCHELL PALLY | CO-CHAIR | 5 | $0 |
| STEVEN E SCHRAMM | TREASURER | 10 | $0 |
| WILLIAM MANNIX | EXECUTIVE BOARD | 5 | $0 |
| ANDREW D PRESBERG ESQ | EXECUTIVE BOARD | 5 | $0 |
| JAMES GOLDRICK | EXECUTIVE BOARD | 5 | $0 |
| DENISE ANGIULO | EXECUTIVE BOARD | 5 | $0 |
| KATHY PASQUALE | EXECUTIVE BOARD | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 204, COMMACK, NY 11725-0204
- In care of
- % EDWARD MIRABELLA
- Principal officer (990 for 2024)
- STEVEN E SCHRAMM, 409 CULPER DRIVE, S SETAUKET, NY 11720
- Signed the 990
- STEVEN E SCHRAMM, TREASURER
- Phone
- (516) 428-3851
- Return prepared by
- COWAN SPINOSO & BOOTH LLC
Mission
THE LIBDC HELPS ITS MEMBERS FOR CLOSE ASSOCIATIONS AND BUSINESS RELATIONSHIPS WHILE PROVIDING A PLATFORM FOR AN HONEST EVALUATION OF LONG ISLANDS ECONOMIC FUTURE
Program accomplishments
- THE LIBDC HELPS ITS MEMBERS FOR CLOSE ASSOCIATIONS AND BUSINESS RELATIONSHIPS WHILE PROVIDING A PLATFORM FOR AN HONEST EVALUATION OF LONG ISLANDS ECONOMIC FUTUREExpenses $227,354 · revenue $298,589
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 11-3316342
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $246,343
- Income (IRS master file)
- $298,954
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $298,954 | $246,923 | $246,343 | XML |
| 990 | October 2024 | $357,225 | $302,658 | $184,312 | XML |
| 990-EZ | October 2023 | $139,381 | $137,969 | $201,573 | XML |
| 990-EZ | October 2022 | – | – | – | IRS |
| 990-EZ | October 2021 | – | – | – | IRS |
| 990-EZ | October 2020 | – | – | – | IRS |
| 990-EZ | October 2019 | – | – | – | IRS |
| 990-EZ | October 2018 | – | – | – | 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 11-3316342).
Questions about LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC
- What is the EIN of LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC is 11-3316342.
- Is LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2007.
- Are donations to LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC?
- The 990 for the year ended October 31, 2025 names STEVEN E SCHRAMM.
- Who are the officers and directors of LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC?
- The 990 for the year ended October 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $11,800 (MARLENE MCDONNEL, EXECUTIVE BOARD).
- How much revenue does LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $298,954, expenses of $246,923 and total assets of $246,343 at year end.
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