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Lia Foundation Inc

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

EIN: 113539717 ✦ Melville, NY ✦ Designated as a 501(c)(3)

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Overview

What is Lia Foundation Inc?

Lia Foundation Inc, headquartered in Melville, NY, is a charitable organization that supports its parent body, the Long Island Association, Inc. The foundation's primary role involves soliciting funds for future projects that aim to improve Long Island. One of their key initiatives is the implementation of the Small Business Support Program. In 2022, Lia Foundation released $45,000 in grants and sponsorships to bolster various Long Island Association programs, publications, and studies. Similarly, in 2018, they distributed $62,100 to various projects. The foundation's contributions help enhance the welfare of Long Island.


Official website here: www.longislandassociation.org/foundation/

Is Lia Foundation Inc legitimate?

Lia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lia Foundation 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.


Official website here: www.longislandassociation.org/foundation/

What is the mission statement of Lia Foundation Inc?

The Lia Foundation Inc, in its mission, supports its parent organization, the Long Island Association, by soliciting funds for future projects benefiting Long Island. One of their key initiatives is the Small Business Support Program. The foundation disbursed grants and sponsorships totaling $45,000 in 2022, and $62,100 in 2018, to various programs under the Long Island Association. While the mission statement does not explicitly state it, the foundation's activities are geared towards enhancing Long Island's well-being and development.


Official website here: www.longislandassociation.org/foundation/

Who is the CEO of Lia Foundation Inc?

Unavailable The CEO's salary of Lia Foundation Inc is $0 and their total compensation is $0.


Official website here: www.longislandassociation.org/foundation/

What is the revenue of Lia Foundation Inc?

Lia Foundation Inc's revenue in 2022 was $27,500.


Official website here: www.longislandassociation.org/foundation/

Who are the executives of Lia Foundation Inc and what are their salaries?


Here are 4 key members and their salaries (Lia Foundation Inc's CEO's salary is $0 and their total compensation is $0):


Matthew Cohen (Director, Lia President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Catell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Strain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Waldman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.longislandassociation.org/foundation/

Where can I find the form 990EZ for Lia Foundation Inc?

Lia Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.longislandassociation.org/foundation/

Learn more at the official website: www.longislandassociation.org/foundation/

Mission Statement of Lia Foundation Inc

Lia Foundation Inc, a supporting entity for the Long Island Association, Inc., is committed to contributing to the betterment of Long Island by raising funds for future projects. One of its primary focuses is the implementation of the Small Business Support Program. The foundation is proactive in granting and sponsoring funds to various programs, publications, and studies under the Long Island Association, thereby contributing to its overall mission. In 2022, Lia Foundation Inc released $45,000 in grants and sponsorships, further illustrating its dedication to supporting Long Island's development. Previously, in 2018, the foundation disbursed $62,100 for various initiatives, reaffirming its long-term commitment to the region.

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Impact




October, 2024

Lia Foundation Inc significantly impacts Long Island through its dedicated financial support for community programs and initiatives. By soliciting grants and contributions, it fosters projects that enhance the region's economic and social landscape. In particular, the foundation has championed local businesses with initiatives like the Small Business Support Program.

In recent years, Lia Foundation has made substantial contributions, disbursing $45,000 in grants and sponsorships in 2022, alongside $62,100 in 2018. These funds have empowered various programs, publications, and studies, furthering community improvement on Long Island. The foundation's strategic support not only aids immediate local needs but also aids in the sustainable development of Long Island’s economy and community welfare.




This information is meant to be a general summary of Lia Foundation 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
$27,500 (2022)
Expenses
$70,000 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $27,500

Assets and Liabilities:

  • Total Assets: $35,209
  • Total Liabilities: $10,000
  • Net Assets: $25,209

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Organization Details

Main Address

300 BROADHOLLOW ROAD 110W, MELVILLE, NY, 117474840

NTEE Category

Code: S05 - Community improvement

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