Long Island Venture Group Inc in Lake Success, New York (NY)
Table of contents:
| Long Island Venture Group Inc | |
| Employer Identification Number (EIN) | 112872414 |
| Name of Organization | Long Island Venture Group Inc |
| In Care of Name | Neil Kaufman |
| Address | 101 Marcus Ave Ste 107, Lake Success, NY 11040 |
| Activities | "Unspecified" |
| Subsection | Board of Trade |
| Ruling Date | 12/2000 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 01/2014 |
| Assets | $25,000 to $99,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $29,139 |
| Amount of Income | $22,561 |
| Form 990 Revenue Amount | $22,561 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Promotion of Business |
Non-representatives - add comments:
Amount of income in 2014: $22,561 (it was $23,860 in 2013)
| Long Island Venture Group Inc: | $22,561 |
| Other organizations performing similar types of work: | $88,861 |
Assets in 2014: $29,139 (it was $21,023 in 2013)
| Long Island Venture Group Inc: | $29,139 |
| Other organizations performing similar types of work: | $51,691 |
Expenses in 2013: $13,091
| Long Island Venture Group Inc: | $13,091 |
| Other organizations performing similar types of work: | $80,127 |
Income to expenses ratio in 2013: 1.7
| Long Island Venture Group Inc: | 1.7 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 54.5%
| This organization: | 54.5% |
| Other organizations performing similar types of work: | 1.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $9,298 | $23,860 |
| Contributions, gifts, grants, and similar amounts received | $5,500 | $13,000 |
| Program service revenue including government fees and contracts | $1,110 | $6,610 |
| Membership dues and assessments | $2,678 | $4,250 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $10 | $0 |
| Total expenses | $14,354 | $13,091 |
| Total net assets | $9,070 | $19,839 |
| Excess/Deficit for the year | $-5,056 | $10,769 |
| Net assets or fund balances at beginning of year | $14,126 | $9,070 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $9,070 | $19,839 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $10,796 | $21,023 |
| Total liabilities | $1,726 | $1,184 |
| Net assets or fund balances | $9,070 | $19,839 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Retail Merchant Assn Of Tidewater Va Inc, Ta Retail Alliance | 838 Granby St, Norfolk, VA 23510-2051 | VA | 2008-09 | $17,149,516 |
| 2 | San Joaquin Valley Winegrowers Association | 7030 N Fruit Avenue, Fresno, CA 93711-0782 | CA | 2008-11 | $175,202 |
| 3 | 441 Heritage Corridor Inc | 300 North Thomas Street, Athens, GA 30601 | GA | 2000-07 | $56,377 |
| 4 | World Economic Forum Usa Inc | 3 E 54th St Fl 18, New York, NY 10022-3104 | NY | 2007-05 | $48,885,511 |
| 5 | National Academy Of Television Arts And Sciences Inc | 1697 Broadway Ste 404, New York, NY 10019-5911 | NY | 2014-01 | $5,762,154 |
| 6 | Women Presidents Organization Inc | 155 E 55th St Apt 4h, New York, NY 10022-4051 | NY | 2003-01 | $3,971,412 |
| 7 | The International Academy Of Television Arts & Sciences Inc | 25 W 52nd St Fl 14, New York, NY 10019-6129 | NY | 2006-06 | $3,073,250 |
| 8 | Airline Passenger Experience Association Inc | 355 Lexington Ave Fl 15, New York, NY 10017-6603 | NY | 2009-07 | $2,871,501 |
| 9 | Dramatists Guild Of America Inc | 1501 Broadway Ste 701, New York, NY 10036-5505 | NY | 2011-01 | $2,402,604 |
| 10 | Home Care Association Of New York State Inc | 388 Broadway Ste 4, Albany, NY 12207-2941 | NY | 2009-07 | $1,776,076 |
| 11 | Corenet Global Inc, New York Chapter | 380 Lexington Avenue No 19fl, New York, NY 10168-0002 | NY | 2014-08 | $1,317,420 |
| 12 | Council Of Urban Professionals Inc | 55 Exchange Pl Ste 401, New York, NY 10005-3304 | NY | 2009-07 | $1,290,359 |
| 13 | Southern Tier Builders Association Inc | 65 E Main St, Falconer, NY 14733-1336 | NY | 1990-12 | $1,003,348 |
| 14 | Adcolor Inc, Adcolor Industry Coalition | C/O Omnicom Grp Inc 437 Madison Ave, New York, NY 10022 | NY | 2013-07 | $992,477 |
| 15 | Prabhu Family Foundation | PO BOX 15014, Albany, NY 12212-5014 | NY | 2012-04 | $962,699 |
| 16 | Hudson Valley Economic Development Corporation | 4 Crotty Ln, New Windsor, NY 12553-4778 | NY | 2010-08 | $845,809 |
| 17 | New York City Hospitality Alliance Inc | 65 W 55th Street Suitw 203a, New York, NY 10019 | NY | 2012-09 | $750,247 |
| 18 | Index Industry Association | 1270 Avenue Of The Americas Ste F-2, New York, NY 10020-1700 | NY | 2012-12 | $750,000 |
| 19 | Pearl Initiative Inc | 26 Old Lyme Rd, Scarsdale, NY 10583-7636 | NY | 2013-07 | $699,590 |
| 20 | Advanced-Global Australian Professionals Inc | 150 E 42nd St Fl 34, New York, NY 10017-5631 | NY | 2004-04 | $674,933 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 17,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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