2023-11-15T12:23:59-06:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990EZ 2022-01-01 113539717 LIA FOUNDATION INC LIAF 6314933000 300 BROADHOLLOW ROAD 110W MELVILLE NY 117474840 MICHELLE BRYNE CFO 6314933000 2023-11-15 1 MICHELLE BRYNE XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X HTTPS://WWW.LONGISLANDASSOCIATION.ORG/FOUNDATION/ X X 27500 X 27500 27500 70000 70000 -42500 67702 7 25209 X 72702 35209 72702 35209 5000 10000 67702 25209 X THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO ITS PARENT ORGANIZATION, THE LONG ISLAND ASSOCIATION, INC. THE FOUNDATION SOLICITS GRANTS AND CONTRIBUTIONS FOR FUTURE PROJECTS THAT BENEFIT LONG ISLAND. THIS INCLUDES, BUT IS NOT LIMITED TO, GRANTS THAT WOULD IMPLEMENT PROGRAMS TO FURTHER THE LIA'S PRIORITIES TO SUPPORT ECONOMIC GROWTH ON LONG ISLAND, SUCH AS SMALL BUSINESS SUPPORT AND INITIATIVES TO CULTIVATE DIVERSITY, EQUITY, AND INCLUSION IN THE REGION'S ECONOMY. THE FOUNDATION PROVIDED $70,000 IN SUPPORT TO THE LONG ISLAND ASSOCIATION IN CALENDAR YEAR 2022. DURING 2022, THE FOUNDATION RELEASED $25,000 OF GRANTS TO SUPPORT INFRASTRUCTURE PROJECTS AND EAST END BUSINESS DEVELOPMENT. 25000 25000 DURING 2022, THE FOUNDATION RELEASED $45,000 OF GRANTS AND SPONSORSHIPS TO SUPPORT VARIOUS LONG ISLAND ASSOCIATION PROGRAMS, PUBLICATIONS AND STUDIES, INCLUDING IMPLEMENTATION OF THE NEW SMALL BUSINESS SUPPORT PROGRAM. THE LIA LAUNCHED ITS SMALL BUSINESS SUPPORT PROGRAM IN JUNE 2022 AND COLLABORATED WITH THE LONG ISLAND AFRICAN AMERICAN CHAMBER OF COMMERCE AND LONG ISLAND HISPANIC CHAMBER OF COMMERCE TO SUPPORT AND ADVOCATE FOR LONG ISLAND'S DIVERSE SMALL BUSINESS COMMUNITY, AND STARTED HOLDING QUARTERLY JOINT MEMBERSHIP MEETINGS. 45000 45000 70000 MATTHEW COHEN DIRECTOR, LIA PRESIDENT & CEO 1.00 0 0 0 ROBERT CATELL DIRECTOR 1.00 0 0 0 CHARLES STRAIN DIRECTOR 1.00 0 0 0 LAWRENCE WALDMAN CHAIRMAN 1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NY MICHELLE BYRNE 300 BROADHOLLOW ROAD MELVILLE NY 11747 6314933048 0 0 0 0 0 0 0 0 0 1 0 NONE NONE 1 X X 1 LONG ISLAND ASSOCIATION INC 111617383 10 1 70000 0 1 70000 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 2 THE LIA FOUNDATION'S SUPPORTED ORGANIZATION IS THE LONG ISLAND ASSOCIATION, A SECTION 501(C)(6) MEMBERSHIP ORGANIZATION THAT ADVOCATES FOR THE REGION'S ECONOMIC DEVELOPMENT AND SUPPORTS THE BUSINESS GROWTH OF ITS MEMBERS. THE ASSOCIATION DOES NOT HAVE AN IRS DETERMINATION LETTER CONFERRING IT STATUS UNDER SECTION 509(A)(1) OR (A)(2). NEVERTHELESS, THE ASSOCIATION'S SOURCES OF SUPPORT ARE SUCH THAT IT WOULD MEET THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2). SCHEDULE A, PART IV, SECTION A, LINE 3B THE LIA FOUNDATION IS A SEPARATE 501 C(3) THAT SUPPORTS ITS PARENT ORGANIZATION, THE LONG ISLAND ASSOCIATION INC., A 501 C(6). BOTH ORGANIZATIONS HAVE AN OVERLAPPING BOARD AND SHARE A SIMILAR MISSION. THE LONG ISLAND ASSOCIATION RECEIVES IN EXCESS OF 33 1/3% OF ITS SUPPORT FROM PUBLIC SOURCES AND SATISFIES THE INTERNAL REVENUE CODE SECTION 509(A)(2) PUBLIC SUPPORT TEST. THE ASSOCIATION RECEIVES ITS PRIMARY FUNDING FROM MEMBERSHIP DUES, PROGRAMS AND EVENTS AND GRANT REVENUES; AN INSIGNIFICANT PORTION OF ITS REVENUE IS DERIVED FROM INVESTMENT ACTIVITIES IN ANY GIVEN YEAR. THE MISSION OF THE LONG ISLAND ASSOCIATION FOUNDATION IS TO SUPPORT THE WELL-BEING OF ALL LONG ISLAND COMMUNITIES, BUSINESSES, AND THEIR EMPLOYEES WHICH WILL HELP OUR REGION TO THRIVE AND PROSPER. THE LIA FOUNDATION AIMS TO IMPLEMENT PROGRAMS, HOLD EVENTS, AND CONDUCT RESEARCH THAT FOCUS ON AREAS CRITICAL TO LONG ISLAND'S ECONOMIC DEVELOPMENT, INCLUDING: - FOSTERING A DIVERSE, EQUITABLE, AND INCLUSIVE ECONOMY - SUPPORTING SMALL BUSINESSES - PROTECTING LONG ISLAND'S MOST VULNERABLE RESIDENTS IN NEED - ENCOURAGING WORKFORCE TRAINING TO SUPPORT EMPLOYERS AND THEIR EMPLOYEES - CULTIVATING INNOVATION SCHEDULE A, PART IV, SECTION A, LINE 3C AS NOTED IN RESPONSE TO QUESTION 3B, THE LIA FOUNDATION AND THE LONG ISLAND ASSOCIATION SHARE A SIMILAR MISSION AND AN OVERLAPPING BOARD; ACCORDINGLY, ALL AMOUNTS GRANTED FROM THE FOUNDATION TO THE ASSOCIATION MUST BE UTILIZED IN FURTHERANCE OF THE ASSOCIATION'S MISSION TO SPUR ECONOMIC GROWTH IN LONG ISLAND, TO IMPROVE THE BUSINESS CLIMATE IN THE REGION AND THE MISSION AND GOALS OF THE FOUNDATION. NO AMOUNTS GRANTED BY THE FOUNDATION ARE USED IN A MANNER THAT WOULD CAUSE THE FOUNDATION TO JEOPARDIZE ITS SECTION 501(C)(3) TAX-EXEMPT STATUS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: . GRANTEE NAME: LONG ISLAND ASSOCIATION, INC.. GRANTEE ADDRESS: 300 BROADHOLLOW RD. MELVILLE, NY 11747-4840. GRANTEE RELATIONSHIP: RELATED ORG. 501(C)(6). PROPERTY DESCRIPTION: PROGRAMS, PUBLICATIONS & STUDIES. AMOUNT GIVEN: 70,000. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: ROUNDING. AMOUNT: 7. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: DUE TO LONG ISLAND ASSOCIATION, INC.. BEG. OF YEAR AMOUNT: 5,000. END OF YEAR AMOUNT: 10,000.