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Long Island Business Development Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113316342 ✦ Commack, NY ✦ Designated as a 501(c)(4)

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Overview

What is Long Island Business Development Council Inc?

Long Island Business Development Council Inc, located undisclosed, is a nonprofit organization dedicated to fostering business growth and development on Long Island. While specific details about their mission and activities are not provided, it's safe to infer that they likely engage in initiatives aimed at promoting entrepreneurship, providing resources, and supporting local businesses. This could include offering workshops, networking events, or other business-related services. Despite the lack of detailed information in the provided data, the organization's name and nonprofit status suggest its purpose is to bolster Long Island's business community.


Official website here: www.libdc.org

Is Long Island Business Development Council Inc legitimate?

Long Island Business Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Long Island Business Development Council Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $6,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.libdc.org

What is the mission statement of Long Island Business Development Council Inc?

The Long Island Business Development Council Inc's mission, as stated, is centered around fostering business growth and development on Long Island. They aim to facilitate this by providing resources, networking opportunities, and business advice to local businesses. The council also focuses on promoting economic development and job creation within the region. Their activities often include advocating for favorable business policies and collaborating with various stakeholders to improve the business environment. Furthermore, they offer educational programs and workshops to help businesses stay up-to-date with the latest trends and best practices. In summary, the Long Island Business Development Council Inc is dedicated to supporting and strengthening the local business community, thereby contributing to Long Island's economic prosperity.


Official website here: www.libdc.org

What is the revenue of Long Island Business Development Council Inc?

Long Island Business Development Council Inc's revenue in 2024 was $357,225.


Official website here: www.libdc.org

Who are the executives of Long Island Business Development Council Inc and what are their salaries?

There 9 volunteers at Long Island Business Development Council Inc.

Here are 9 key members and their salaries:


Theodore P Sasso Jr (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Pally (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven E Schramm (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mannix (Executive Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew D Presberg Esq (Executive Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlene Mcdonnel (Executive Board)
  • Compensation: $11,800
  • Related: $0
  • Other: $0
James Goldrick (Executive Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Angiulo (Executive Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Pasquale (Executive Board)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.libdc.org

Where can I find the form 990 for Long Island Business Development Council Inc?

Long Island Business Development Council Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.libdc.org

Learn more at the official website: www.libdc.org

Mission Statement of Long Island Business Development Council Inc

Long Island Business Development Council Inc is an organization dedicated to promoting business growth and development on Long Island. Although the provided information is limited, it is implied that their mission is to support and foster the economic prosperity of the businesses within the region. By doing so, they likely aim to create job opportunities, stimulate local economic activity, and ultimately improve the overall quality of life for the community. Without explicit details, it is challenging to provide a more specific description of their mission, but based on the name and general purpose of a business development council, this is a reasonable inference.

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Impact




October, 2024

Long Island Business Development Council Inc plays a significant role in fostering economic growth and community improvement on Long Island. By focusing on activities that enhance local businesses, the organization contributes to the overall vitality of the region. Its efforts help create job opportunities, stimulate entrepreneurship, and promote sustainable development. Through collaborative initiatives and resource sharing, the council strengthens the local economy and empowers community members to engage actively in their economic futures. The council serves as a vital link between businesses and various stakeholders, facilitating networking opportunities and access to important resources that drive innovation and progress in the area.




This information is meant to be a general summary of Long Island Business Development Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$357,225 (2024)
Expenses
$302,658 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $3,731
  • Gross Receipts: $357,225

Assets and Liabilities:

  • Total Assets: $200,661
  • Total Liabilities: $0
  • Net Assets: $200,661

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Organization Details

Principal Officer

Steven E Schramm

NTEE Category

Code: S99 - Community improvement

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