Overview
What is Life Insurance Council Of New York Inc?
Life Insurance Council of New York Inc, or LICONY, is a nonprofit organization situated in New York State. Their primary objective is to establish a conducive legislative, regulatory, and judicial environment that fosters the growth and expansion of life insurance businesses within the state for their member companies. This environment is crucial for the continued success and operation of their life insurance business operations.
Official website here: www.licony.org
Is Life Insurance Council Of New York Inc legitimate?
Life Insurance Council Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Life Insurance Council Of New York Inc submitted a form 990, 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: $1,760,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,671
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Official website here: www.licony.org
What is the mission statement of Life Insurance Council Of New York Inc?
The Life Insurance Council of New York Inc's mission is to establish and uphold a conducive legislative, regulatory, and judicial landscape in an unspecified location, encouraging its member companies to expand and flourish in the life insurance sector. This organization works diligently to shape a favorable environment for its members, allowing them to prosper in their life insurance ventures.
Official website here: www.licony.org
Who is the CEO of Life Insurance Council Of New York Inc?
Richard Loconte is the Chair of Life Insurance Council Of New York Inc. The CEO's salary of Life Insurance Council Of New York Inc is $570,000 and their total compensation is $636,743.
Official website here: www.licony.org
What is the revenue of Life Insurance Council Of New York Inc?
Life Insurance Council Of New York Inc's revenue in 2022 was $3,510,054.
Official website here: www.licony.org
Who are the executives of Life Insurance Council Of New York Inc and what are their salaries?
The average compensation at Life Insurance Council Of New York Inc during 2022 was $223,438. There are 9 employees and 16 volunteers at Life Insurance Council Of New York Inc.
Here are 21 key members and their salaries (Life Insurance Council Of New York Inc's CEO's salary is $570,000 and their total compensation is $636,743):
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- Other: $45,264
Official website here: www.licony.org
Where can I find the form 990 for Life Insurance Council Of New York Inc?
Life Insurance Council Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.licony.org
Learn more at the official website: www.licony.org
Mission Statement of Life Insurance Council Of New York Inc
Life Insurance Council of New York Inc, a notable organization in the field, is dedicated to establishing and upholding a conducive legislative, regulatory, and judicial setting in New York State. This environment is designed to motivate and foster the expansion of the life insurance business among its members. By creating such an environment, the council aims to empower its members to effectively operate and grow their life insurance operations within the state.
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Impact
October, 2024
Life Insurance Council of New York Inc (LICONY) plays a crucial role in shaping the landscape for life insurance providers in New York State. By advocating for a legislative, regulatory, and judicial environment that fosters business growth, LICONY ensures that its members can effectively serve their clients and expand their operations. This impact extends beyond individual businesses, contributing to the broader economic stability and security that life insurance provides to families and communities.
Through its initiatives, LICONY promotes policies that enhance the viability and competitiveness of life insurance offerings, ultimately leading to improved access to financial protection for New Yorkers. The organization engages in active dialogue with policymakers, ensuring that the needs of the life insurance sector are represented and that regulations enable rather than hinder business growth. This commitment strengthens the overall industry, supports community improvement, and empowers consumers by providing them with the resources and options necessary for sound financial planning.
This information is meant to be a general summary of Life Insurance Council Of New York 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67,201
- Program Service Revenue: $3,467,115
- Gross Receipts: $6,184,963
Assets and Liabilities:
- Total Assets: $6,994,446
- Total Liabilities: $814,922
- Net Assets: $6,179,524
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,258,352
CONFERENCES/MEETINGS
Revenue
$208,763
Organization Details
Founding Year
1977
Phone
(518) 436-8417Principal Officer
Richard Loconte
Main Address
111 WASHINGTON AVENUE 300, ALBANY, NY, 12210
Website
www.licony.orgNTEE Category
Code: S41 - Community improvement
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