THE LONG ISLAND CITY PARTNERSHIP INC

EIN: 112651377 501(c)(3) Community Improvement

LONG ISLAND CITY, NY

Total Revenue
$1,523,233
Total Expenses
$1,645,239
Total Assets
$1,105,229
Net Assets
$850,641
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
LAURA ROTHROCK
Phone
7187865300
Tax Period
2023-01-01 to 2023-12-31

THE LONG ISLAND CITY PARTNERSHIP INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

TO ADVOCATE FOR ECONOMIC DEVELOPMENT THAT BENEFITS THE AREA'S INDUSTRIAL, COMMERCIAL, TECH, CULTURAL, TOURISM, AND RESIDENTIAL SECTORS. THE GOAL IS TO ATTRACT NEW BUSINESSES TO LIC, RETAIN THOSE ALREADY HERE, WELCOME NEW RESIDENTS AND VISITORS, AND PROMOTE A VIBRANT AND AUTHENTIC MIXED-USE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $951,260 Revenue: $1,226,745

THE ORGANIZATION'S THREE MAJOR PROGRAMS INCLUDE THE FOLLOWING: BUSINESS ASSISTANCE - MANAGING THE LONG ISLAND CITY INDUSTRIAL BUSINESS ZONE (IBZ) AND PROVIDING ONE-ON-ONE BUSINESS ASSISTANCE TO...

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THE ORGANIZATION'S THREE MAJOR PROGRAMS INCLUDE THE FOLLOWING: BUSINESS ASSISTANCE - MANAGING THE LONG ISLAND CITY INDUSTRIAL BUSINESS ZONE (IBZ) AND PROVIDING ONE-ON-ONE BUSINESS ASSISTANCE TO BUSINESSES IN LIC; COMMERCIAL REVITALIZATION - ATTRACTING, RETAINING, AND EXPANDING BUSINESSES IN LONG ISLAND CITY AND PERFORMING OUTREACH WITH RESPECT TO AN EXPANSION OF THE LIC BID; AND EVENTS AND MARKETING - HOSTING NETWORKING, EDUCATIONAL, AND COMMUNITY EVENTS, ACTING AS A CENTRAL SOURCE OF LIC INFORMATION FOR RESIDENTS AND VISITORS THROUGH ITS WEBSITE, SOCIAL MEDIA, AND ITS WEEKLY NEWSLETTER, AND PROMOTING A VIBRANT AND AUTHENTIC MIXED-USE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $269,991
Program Service Revenue $1,226,745
Investment Income $26,497
Other Revenue $0
TOTAL REVENUE $1,523,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,171,781
Fundraising Expenses $0
Program Expenses $951,260
Other Expenses $473,458
TOTAL EXPENSES $1,645,239

Year-over-Year Comparison

2023 2022 Change
Revenue $1,523,233 $1,584,511 0.0%
Expenses $1,645,239 $1,467,153 +0.1%
Net Income $-122,006 $117,358 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
51
Independent Members
51
Employees
15
Volunteers
52

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$232,797
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA DUNPHY CHAIR 5.00
Officer Director
$0 $0 $0
JEREMY SHELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN WERWAISS VICE CHAIR 1.00
Officer Director
$0 $0 $0
LISA RIEFER VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATT QUIGLEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAIMAAN LODHI VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAUL NEUMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES BOYCE FIRST VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELLIOT PARK SECOND VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT S ALTMAN SECRETARY 1.00
Officer Director
$0 $0 $0
ALVAREZ SYMONETTE TREASURER 5.00
Officer Director
$0 $0 $0
ABNER WITHERS DIRECTOR 1.00
Director
$0 $0 $0
ANDREW CHUNG DIRECTOR 1.00
Director
$0 $0 $0
ANDREW KURD DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SOMMER DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN GOLDRICH DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY KATZ DIRECTOR 1.00
Director
$0 $0 $0
CAMERON HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
CRAIG RATIGAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID BRAUSE DIRECTOR 1.00
Director
$0 $0 $0
ERIC BENAIM DIRECTOR 1.00
Director
$0 $0 $0
ERIC HENRY DIRECTOR 1.00
Director
$0 $0 $0
FRANK AMARANTE DIRECTOR 1.00
Director
$0 $0 $0
FRANK MONTERISI JR DIRECTOR 1.00
Director
$0 $0 $0
FRANK ZUCKERBROT DIRECTOR 1.00
Director
$0 $0 $0
GREG SMITH DIRECTOR 1.00
Director
$0 $0 $0
GUS BUITRAGO DIRECTOR 1.00
Director
$0 $0 $0
HAL ROSENBLUTH DIRECTOR 1.00
Director
$0 $0 $0
HENRY ROSENWACH DIRECTOR 1.00
Director
$0 $0 $0
IRENE ZOUPANIOTIS DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY NELSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN CUNNINGHAM DIRECTOR 1.00
Director
$0 $0 $0
JOHN MAST DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA SCHNEPS DIRECTOR 1.00
Director
$0 $0 $0
JUDITH ZANGWILL DIRECTOR 1.00
Director
$0 $0 $0
KASSANDRA PEREZ-DESIR DIRECTOR 1.00
Director
$0 $0 $0
KENNETH ADAMS DIRECTOR 1.00
Director
$0 $0 $0
KENNETH BUETTNER DIRECTOR 1.00
Director
$0 $0 $0
KRIS BAGWELL DIRECTOR 1.00
Director
$0 $0 $0
LYDIA NIKOLIC DIRECTOR 1.00
Director
$0 $0 $0
MAYA BREWSTER-DORIAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SAMUELIAN DIRECTOR 1.00
Director
$0 $0 $0
MOLLY KURZIUS DIRECTOR 1.00
Director
$0 $0 $0
PETER PAPAMICHAEL DIRECTOR 1.00
Director
$0 $0 $0
RICHARD DAVID DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ALBRO DIRECTOR 1.00
Director
$0 $0 $0
SABRINA SNYDER DIRECTOR 1.00
Director
$0 $0 $0
SARAH COHEN DIRECTOR 1.00
Director
$0 $0 $0
SOHRAB MOHEBBI DIRECTOR 1.00
Director
$0 $0 $0
VINCENT ZERILLI DIRECTOR 1.00
Director
$0 $0 $0
WIL FISHER DIRECTOR 1.00
Director
$0 $0 $0
LAURA ROTHROCK PRESIDENT 40.00
Officer
$222,000 $10,797 $232,797
CHARLES YU VP, ECONOMIC DEVELOPMENT 40.00
Highest
$122,231 $13,982 $136,213
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,523,233 $1,645,239 $1,105,229 $-122,006
2022 $1,584,511 $1,467,153 $1,268,525 $117,358
2021 $1,565,645 $1,725,829 $1,377,563 $-160,184
2020 $1,589,410 $1,442,169 $1,478,507 $147,241
2019 $1,952,766 $1,919,147 $1,058,728 $33,619
2018 $1,714,409 $1,836,026 $906,408 $-121,617
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