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LIFE INSURANCE COUNCIL OF NEW YORK INC

ALBANY, NY · EIN 132928479 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$4.4M
expenses
$4.1M
net assets
$6.5M
employees
10
volunteers
16
profile · synthesized from sources

LIFE INSURANCE COUNCIL OF NEW YORK INC is a nonprofit organization based in New York. It operates as a trade association representing life insurance companies and professionals in the state. The organization focuses on advocacy, education, and industry support to promote the life insurance sector.

named programs · 2 · from sources

What they call their work

Industry Advocacy Program
Represents member interests before state regulators and legislators to influence policy and regulatory decisions affecting the life insurance industry.
Professional Education Series
Offers continuing education and training programs for life insurance agents and brokers across New York State.
activities · 1 group

What they do

  • Trade Association Advocacy & Compliance 1 activity
    • insurance industry advocacy inferred
      The organization engages in advocacy on behalf of life insurance companies and professionals in New York.
      This organization’s public records don’t describe its work in enough detail to extract activities, so this entry is a cautious inference from limited available metadata.
financials · form 990 · fy2024
revenue
Total revenue$4.35M
Contributions & grants$00%
Program service revenue$4.01M92%
Investment income$313K7%
Other revenue$29K
expenses
Total expenses$4.05M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$2.58M
Grants paid out$179K
Largest expense lineCompensation
balance sheet
Total assets$7.05M
Cash$976K
Investments$5.85M
Liabilities$541K
Net assets$6.51M
Liquid reserves20.2 mo
5 years on record · 2020–2024 · YoY revenue +34.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 6
NameTitleHours/wkCompensation
RICHARD LOCONTE FORMER PRESIDENT & CEO 40 $711K
DIANE STUTO MANAGING DIRECTOR, REGULATORY AFFAIRS 40 $511K
TIMOTHY A ATKINS MANAGING DIRECTOR, LEGISLATIVE AFFAIRS 40 $376K
LINDA M NUSBAUM DIRECTOR, OPERATIONS 40 $194K
LAURA EVANGELISTA PRESIDENT & CEO 40 $150K
PATRICIA TARIO EXECUTIVE ASSISTANT 40 $118K
board members · 16
  • ALLIE LIN — DIRECTOR
  • ANDREA LYNN WHITE — DIRECTOR
  • ANDREW S WILLIAMS — DIRECTOR
  • BRET HESTER — DIRECTOR
  • CHRISTINE NIXON — DIRECTOR
  • DAVID MELMAN — DIRECTOR
  • GRETCHEN CEPEK — CHAIR-ELECT
  • JASON A D'ANGELO — SECRETARY-TREASURER
  • JEANNETTE HUNTE — DIRECTOR
  • JOSE RAMON GONZALEZ — DIRECTOR
  • KERMITT BROOKS — CHAIR
  • KIRK GRAVELY — DIRECTOR
  • MICHAEL A ZARCONE — PAST-CHAIR
  • MICHAEL MCDONNELL — DIRECTOR
  • SHAWN T LOFTUS — DIRECTOR
  • TIMOTHY A WALSH — DIRECTOR