Long Island Small Business Assistance Corp in Westbury, New York (NY)
Table of contents:
| Long Island Small Business Assistance Corp | |
| Employer Identification Number (EIN) | 113431263 |
| Name of Organization | Long Island Small Business Assistance Corp |
| In Care of Name | Roslyn Goldmacher |
| Address | 400 Post Ave Ste 201a, Westbury, NY 11590-2226 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Loans or grants for minority businesses, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 08/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $144,630 |
| Amount of Income | $47,522 |
| Form 990 Revenue Amount | $47,522 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Business and Industry |
Non-representatives - add comments:
Amount of income in 2014: $47,522 (it was $8,224 in 2013)
| Long Island Small Business Assistance Corp: | $47,522 |
| Other organizations performing similar types of work: | $85,710 |
Assets in 2014: $144,630 (it was $128,058 in 2013)
| This organization: | $144,630 |
| Other organizations performing similar types of work: | $49,958 |
Expenses in 2013: $4,481
| Long Island Small Business Assistance Corp: | $4,481 |
| Other organizations performing similar types of work: | $75,630 |
Income to expenses ratio in 2013: 10.6
| Long Island Small Business Assistance Corp: | 10.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 60.8%
| Long Island Small Business Assistance Corp: | 60.8% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $53,773 | $53,120 | $8,224 |
| Contributions, gifts, grants, and similar amounts received | $50,000 | $50,000 | $5,000 |
| Program service revenue including government fees and contracts | $3,741 | $3,098 | $3,201 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $32 | $22 | $23 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $30,303 | $37,412 | $4,481 |
| Total net assets | $115,405 | $132,865 | $117,058 |
| Excess/Deficit for the year | $23,470 | $15,708 | $3,743 |
| Net assets or fund balances at beginning of year | $91,935 | $117,157 | $113,315 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $132,865 | $117,058 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $140,857 | $156,565 | $128,058 |
| Total liabilities | $25,452 | $23,700 | $11,000 |
| Net assets or fund balances | $115,405 | $132,865 | $117,058 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $162,750 |
| Subtotal Support | $162,750 |
| Gifts, grants, contributions, and membership fees received | $162,750 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $162,803 |
| Public Support | $162,750 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $53 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| 19 | American Correctional Officer | 1001 Middle Country Rd, Ridge, NY 11961-2806 | NY | 2008-03 | $99,131 |
| 20 | Software And Technology Vendors Association | 555 8th Ave Rm 1902, New York, NY 10018-4349 | NY | 2002-01 | $72,450 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,306 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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