2025-05-23T10:10:25-05:00 2024-12-31 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2024-01-01 132928479 LIFE INSURANCE COUNCIL OF NEW YORK INC LIFE 5184368417 111 WASHINGTON AVENUE 300 ALBANY NY 12210 LAURA EVANGELISTA PRESIDENT & CEO 5184368417 2025-05-16 1 1 NICHOLAS MURABITO P02354743 5184596700 2025-05-16 2024 2025-03-06 01:10:19Z LAURA EVANGELISTA 111 WASHINGTON AVENUE 300 ALBANY NY 12210 6813958 0 X WWW.LICONY.ORG X 1977 NY SEE SCHEDULE O 16 16 10 16 0 0 0 0 3038531 4012150 218929 313377 -6748 29250 3250712 4354777 123172 178729 0 0 2270444 2578120 0 0 0 1153154 1294331 3546770 4051180 -296058 303597 6706868 7048934 603179 541411 6103689 6507523 X TO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS. 0 0 SEE SCHEDULE O. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 10 1 0 0 0 0 1 1 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LINDA NUSBAUM 5184368417 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 MICHAEL A ZARCONE PAST-CHAIR 1.00 X X 0 0 0 KERMITT BROOKS CHAIR 1.00 X X 0 0 0 GRETCHEN CEPEK CHAIR-ELECT 1.00 X X 0 0 0 BRET HESTER DIRECTOR 1.00 X 0 0 0 JASON A D'ANGELO SECRETARY-TREASURER 1.00 X 0 0 0 JEANNETTE HUNTE DIRECTOR 1.00 X 0 0 0 MICHAEL MCDONNELL DIRECTOR 1.00 X 0 0 0 ALLIE LIN DIRECTOR 1.00 X 0 0 0 JOSE RAMON GONZALEZ DIRECTOR 1.00 X 0 0 0 SHAWN T LOFTUS DIRECTOR 1.00 X 0 0 0 DAVID MELMAN DIRECTOR 1.00 X 0 0 0 ANDREW S WILLIAMS DIRECTOR 1.00 X 0 0 0 TIMOTHY A WALSH DIRECTOR 1.00 X 0 0 0 CHRISTINE NIXON DIRECTOR 1.00 X 0 0 0 KIRK GRAVELY DIRECTOR 1.00 X 0 0 0 ANDREA LYNN WHITE DIRECTOR 1.00 X 0 0 0 LAURA EVANGELISTA PRESIDENT & CEO 40.00 X 140000 0 10222 TIMOTHY A ATKINS MANAGING DIRECTOR, LEGISLATIVE AFFAIRS 40.00 X 311202 0 64607 LINDA M NUSBAUM DIRECTOR, OPERATIONS 40.00 X 179718 0 14574 DIANE STUTO MANAGING DIRECTOR, REGULATORY AFFAIRS 40.00 X 487831 0 23600 PATRICIA TARIO EXECUTIVE ASSISTANT 40.00 X 105922 0 11798 RICHARD LOCONTE FORMER PRESIDENT & CEO 40.00 1.00 X 637245 0 73788 1861918 0 198589 6 1 1 0 0 MEMBERSHIP DUES 541900 3822900 3822900 CONFERENCES/MEETINGS 541900 189250 189250 4012150 247458 247458 29250 0 29250 29250 29250 2525100 2459181 65919 65919 65919 4354777 4012150 0 342627 153684 25045 1942786 411201 13304 80439 130390 247107 55974 14908 309394 31601 46111 129168 73022 241201 30197 MISCELLANEOUS 61902 BOOKS AND PUBLICATIONS 30439 MEMBERSHIP FEES 13344 EQUIPMENT RENTAL 9963 4051180 401989 948719 201227 27484 745 745 48627 47716 167099 153644 22728 13455 5776217 5849842 255335 160973 6706868 7048934 384447 427232 0 3100 218732 111079 603179 541411 X 6103689 6507523 6103689 6507523 6706868 7048934 303597 100237 0 X 0 1 X 1 0 113684 5492 5492 1 LIFE INSURANCE COUNCIL OF NEW YORK PAC 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 133048884 15438 0 0 1 3822900 891184 -1566941 -675757 993954 -1669711 PART I-A, LINE 1: CONTRIBUTIONS TO CAMPAIGN COMMITTEES AND HOSTING FUNDRAISERS FOR CANDIDATES. THE ORGANIZATION ALSO ALLOCATES A PORTION OF ELIGIBLE MEMBER DUES TO A SEPARATE SEGREGATED FUND, AND PROMPTLY AND DIRECTLY TRANSFERS THEM TO THAT FUND. 71682 71682 0 59182 59013 169 36235 22949 13286 13455 LEASE LIABILITIES 111079 111079 X 4389932 100237 -20924 79313 4310619 14908 29250 44158 4354777 3986098 -29250 -29250 4015348 14908 20924 35832 4051180 PART X, LINE 2: WHEN INCOME TAX RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR THE AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD BE ULTIMATELY SUSTAINED. THE PORTION OF THE BENEFITS ASSOCIATED WITH THE TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS PREVIOUSLY DESCRIBED IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION AND INCLUDES, WHERE APPLICABLE, ACCRUED INTEREST AND/OR PENALTIES ATTRIBUTABLE TO THE UNRECOGNIZED TAX BENEFITS. LICONY RECOGNIZES THE TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS CONCLUDED THAT LICONY HAS NOT TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOND AMORTIZATION EXPENSE -20,924. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET RENTAL ACTIVITY 29,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET RENTAL ACTIVITY -29,250. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOND AMORTIZATION EXPENSE 20,924. 0 NYS DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE 107 WASHINGTON AVENUE SUITE 1LL ALBANY NY 12210 133041656 527 44500 164 COST OF IN-KIND CONTRIBUTION HOUSEKEEPING ACCOUNT NYS DEMOCRATIC SENATE CAMPAIGN COMMITTEE 111 WASHINGTON AVENUE SUITE 409 ALBANY NY 12210 112924245 527 50000 0 HOUSEKEEPING ACCOUNT SIENA COLLEGE 515 LOUDEN RD SIENA NY 12211 141338498 501(C)(3) 20000 0 SCHOLARSHIP SUNY IMPACT FOUNDATION 116 E 55TH ST NEW YORK NY 10022 814591892 501(C)(3) 20000 0 SCHOLARSHIP LIFE INSURANCE COUNCIL OF NEW YORK PAC 111 WASHINGTON AVENUE SUITE 300 ALBANY NY 12210 133048883 527 15438 0 DONATION 2 3 SCHOLARSHIPS - TALENT INCUBATOR PROGRAM 15 25045 X X X 0 0 0 RICHARD LOCONTE FORMER PRESIDENT & CEO 533205 0 104040 0 0 0 15250 0 58538 0 711033 0 0 0 DIANE STUTO MANAGING DIRECTOR, REGULATORY AFFAIR 409356 0 48561 0 29914 0 11647 0 11953 0 511431 0 0 0 TIMOTHY A ATKINS MANAGING DIRECTOR, LEGISLATIVE AFFAI 283662 0 27540 0 0 0 14183 0 50424 0 375809 0 0 0 LINDA M NUSBAUM DIRECTOR, OPERATIONS 165000 0 14718 0 0 0 8250 0 6324 0 194292 0 0 0 LAURA EVANGELISTA PRESIDENT & CEO 140000 0 0 0 0 0 5279 0 4943 0 150222 0 0 0 FORM 990, PART I, LINE 1: TO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS. FORM 990, PART III, LINE 4A: LICONY ACHIEVES ITS OBJECTIVE OF PROMOTING THE COMMON BUSINESS INTERESTS OF MEMBER COMPANIES AND EFFECTUATING POSITIVE CHANGES FOR THE LIFE INSURANCE INDUSTRY THROUGH LEGISLATIVE AND REGULATORY ADVOCACY ON BEHALF OF THE INDUSTRY, ORGANIZING MEETINGS, SEMINARS, AND CONFERENCES IN WHICH ALL MEMBERS PARTICIPATE AND BY ISSUING PERIODIC REPORTS TO MEMBERS OF TRENDS AND DEVELOPMENTS AFFECTING THE LIFE INSURANCE INDUSTRY IN NEW YORK STATE. FORM 990, PART VI, SECTION A, LINE 6 LICONY IS MADE UP OF MEMBERS (LIFE INSURERS AND ALLIED PROFESSIONAL FIRMS) WHO ARE ASSESSED MEMBERSHIP DUES EACH YEAR. AS OF 12/31/24 THE ORGANIZATION HAD 53 DOMESTIC MEMBER COMPANIES, 21 ASSOCIATE MEMBERS AND 18 ALLIED PROFESSIONAL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY (BOARD) IS ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING OF THE MEMBERSHIP HELD IN DECEMBER EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B YES. APPROVAL OF ANNUAL BUDGET, ELECTION OF DIRECTORS, APPOINTMENT OF BOARD AND STAFF OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM WITH INFORMATION PROVIDED BY STAFF AND REVIEWED THOROUGHLY BY AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH STAFF PERSON IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT WHICH IS KEPT IN THE ORGANIZATION'S FILES. DIRECTORS ARE REQUESTED TO SIGN A CONFLICT OF INTEREST STATEMENT AT THE BEGINNING OF EACH CALENDAR YEAR. THIS IS ALSO KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CEO DECIDES COMPENSATION FOR EACH EMPLOYEE ANNUALLY. THE BOARD HAS PUT A CAP ON ALL EMPLOYEES BONUS' AT 125%, NORMALLY BONUS BREAKDOWN IS AS FOLLOW: ADMINISTRATIVE AT 10%, DIRECTORS AT 15%AND THE CEO/PRESIDENT AT 25%. LICONY IS CURRENTLY HAVING AN OUTSIDE CONSULTANT REVIEW OF COMPARABLE JOB DESCRIPTIONS AND PAY GRADES TO PROVIDE GUIDANCE TO THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS UPON REQUEST. LIFE INSURANCE COUNCIL OF NEW YORK PAC 111 WASHINGTON AVENUE NO 300 ALBANY NY 12210 POLITICAL ATIVITY NY 527 LIFE INSURANCE COUNCIL OF NEW YORK INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0