irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0THE STRATEGIC COMMITTEES OF THE LIA EXPLORE TOPICS CRITICAL TO OUR REGION'S ECONOMIC GROWTH AND HOLD EVENTS SO MEMBERS CAN NETWORK AND CONNECT WITH BUSINESS AND GOVERNMENT LEADERS. THE LIA ALSO HOSTS ANNUAL EVENTS WITH GLOBALLY RECOGNIZED AND INFLUENTIAL SPEAKERS, INCLUDING THE STATE OF THE REGION, EVENING OF HONORS, AND LUNCHEON.
- #2 $0THE LIA IS A RESPECTED VOICE AND RESOURCE ON TOPICS CRITICAL TO LONG ISLAND'S ECONOMY THROUGH ITS ANNUAL POLICY PRIORITIES, RESEARCH REPORTS, PROGRAMS, AND ONGOING LEADERSHIP IN AREAS INCLUDING SUPPORTING SMALL BUSINESSES; ADDRESSING LONG ISLAND'S AFFORDABILITY; ADVOCATING FOR INFRASTRUCTURE INVESTMENTS; AND CULTIVATING INNOVATION.
named programs · 4 · from sources
What they call their work
Annual Events
Flagship events including the State of the Region, Evening of Honors, and Luncheon, featuring influential speakers and serving as key networking platforms for business and government leaders.
East End Business Support Program
Initiative to support economic growth on Long Island’s East End, including a dedicated committee and localized events to address regional development needs.
Research Institute
Produces policy-relevant research reports on Long Island’s economy, including economic impact studies, demographic analyses, and policy evaluations to inform advocacy efforts.
Strategic Committees
Eight sector-specific committees (e.g., Economic Development, Energy and Environment, Small and Mid-Sized Business) that shape regional economic agendas, host events, and connect members with decision-makers.
activities · 6 groups
What they do
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Community Capacity Building & Leadership Networks 1 activity
- Building capacity of emerging and underrepresented business leadersOperates the Young Professionals Committee to support professional growth and engagement of emerging leaders, and provides targeted resources to enhance the resilience of small and mid-sized businesses, with a focus on MWBE and veteran-owned firms. Established the East End Committee to address regional economic growth.
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Professional Networking Events 1 activity
- Hosting business networking and member engagement eventsOrganizes and hosts a range of events including annual luncheons, golf classics, poolside receptions, awards dinners, and committee meetings to facilitate networking, member reconnection, and education on regional economic issues for businesses and policymakers.
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Regional Economic Development Initiatives 1 activity
- Launching and incubating sector-specific nonprofit organizationsInitiated and launched new nonprofit entities focused on key economic sectors, including the Long Island Convention and Visitors Bureau (now Discover Long Island), to expand regional capacity and economic development.
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Policy Advocacy & Research 1 activity
- Providing economic research and data publicationsProduces and distributes research reports, monthly economic reports, special studies, a biennial fact book, legislative updates, and consumer spending trend analyses to inform members and advocacy efforts. Publishes an annual Public Officials Guide with contact information for elected and government officials in Nassau and Suffolk Counties.
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Business Community Advocacy 1 activity
- Regional economic advocacy and policy influenceAdvocates for policies, programs, and projects that create jobs, spur private investment, reduce tax burdens, improve transportation access, and strengthen the business climate on Long Island. Represents the business community before federal, state, and local policymakers and has secured over $7.5 billion in economic development investments over the past decade.
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Startup Acceleration & Business Growth Support 1 activity
- Supporting early-stage technology ventures and startupsFunds and supports science and technology-based early-stage companies through initiatives like the Accelerate NY Seed Fund, resulting in $34 million in follow-on funding and the creation of 32 full-time jobs. Incubated Accelerate Long Island to promote technology commercialization and startup funding.
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financials · form 990 · fy2024
revenue
Total revenue$3.21M
Contributions & grants$371K12%
Program service revenue$2.77M86%
Investment income$66K2%
Other revenue$0
expenses
Total expenses$3.20M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.77M
Grants paid out$284K
Largest expense lineCompensation
balance sheet
Total assets$2.11M
Cash$1.47M
Investments$0
Liabilities$1.25M
Net assets$860K
Liquid reserves5.5 mo
4 years on record · 2020–2024 · YoY revenue +11.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MATTHEW COHEN ESQ | PRESIDENT & CEO | 40 | $553K |
| STACEY SIKES | VP OF GOV. AFF. & COMM | 40 | $287K |
| MICHELLE BYRNE | CHIEF FINANCIAL OFFICER | 40 | $239K |
| TIFFANY HANSEN | DIRECTOR OF MAJOR EVENTS | 40 | $161K |
| DAVID FATTIZZO | DIRECTOR OF SALES | 40 | $134K |
board members · 20
- ADAM SILVERS — LEGAL COUNSEL
- ADHI SHARMA — DIRECTOR
- ALAN PETRILLI — DIRECTOR (AS OF 12/24)
- AMY ELLIS — DIRECTOR (AS OF 09/24)
- ANDREA BONILLA — DIRECTOR (AS OF 03/24)
- ANDREW RAINONE — DIRECTOR
- ANGELA PINSKY — DIRECTOR (AS OF 03/24)
- ANIL KAPOOR — DIRECTOR
- ANTHONY ESERNIO — DIRECTOR (AS OF 03/24)
- BEACLARINE THOMAS — DIRECTOR (AS OF 10/24)
- BERNIE KENNEDY — DIRECTOR
- BILL BURNS — DIRECTOR
- BILLY HAUGLAND II — DIRECTOR
- BRAD GRIGGS — DIRECTOR (AS OF 03/24)
- BRIAN HERRINGTON — DIRECTOR
- BRUCE STILLMAN — DIRECTOR
- CAROLYN MAZZENGA — DIRECTOR
- CATHY VERRELLI — DIRECTOR
- CHINTU PATEL — DIRECTOR
- CHRIS BECKER — DIRECTOR (THRU 04/24)
relationships · 43
Who they work with
- Al Gore Partner — Featured speaker at LIA annual luncheons.
- Ben Bernanke Partner — Featured speaker at LIA annual luncheons.
- Bill Clinton Partner — Featured speaker at LIA annual luncheons.
- Board of Directors Coalition — Collaborates with the Board of Directors to support regional economic leadership and policy advocacy.
- Board of Directors Partner — Large, prominent, and highly engaged board representing major employers, institutions, industries, and civic stakeholders across Long Island; responsible for governance, oversight, and strategic direction.
- Brookhaven National Laboratory Partner — Co-founder of Accelerate Long Island, collaborating to support research commercialization and early-stage startups.
- Brookhaven National Laboratory Partner — Led efforts to secure federal investment for an electron ion collider at Brookhaven National Laboratory.
- Canon U.S.A., Inc. Partner — Co-chair organization of the LI-BIO Initiative, supporting the growth of Long Island’s life sciences sector.
- Cold Spring Harbor Laboratory Partner — Co-founder of Accelerate Long Island and co-chair organization of the LI-BIO Initiative.
- Colin Powell Partner — Featured speaker at LIA annual luncheons.
- Dave Fattizzo Partner — Director of Membership at the Long Island Association, responsible for membership outreach and engagement.
- Dick Cheney Partner — Featured speaker at LIA annual luncheons.
- Discover Long Island Partner — Launched the Long Island Convention and Visitors Bureau, now known as Discover Long Island, as a sector-focused nonprofit.
- Empire State Development Government — Partner in the Accelerate NY Seed Fund, supporting early-stage science and technology ventures on Long Island.
- Ernst & Young Partner — Co-founder of Accelerate Long Island, contributing professional services and business development expertise.
- Farrell Fritz Partner — Co-founder of Accelerate Long Island, providing legal and strategic support to early-stage ventures.
- George H.W. Bush Partner — Featured speaker at LIA annual luncheons.
- George W. Bush Partner — Featured speaker at LIA annual luncheons.
- Hillary Clinton Partner — Featured speaker at LIA annual luncheons.
- Hofstra University Partner — Co-founder of Accelerate Long Island, supporting regional economic development through research commercialization.
- James Comey Partner — Featured speaker at LIA annual luncheons.
- Jeb Bush Partner — Featured speaker at LIA annual luncheons.
- Jove Equity Partners Partner — Co-founder of Accelerate Long Island, providing venture funding and investment support.
- Long Island African American Chamber of Commerce Partner — Co-leads the Offshore Wind Committee to promote inclusive economic opportunities in the clean energy sector.
- Long Island Federation of Labor, AFL-CIO Partner — Co-leads the Offshore Wind Committee to align labor interests with clean energy job creation.
- Long Island Hispanic Chamber of Commerce Partner — Co-leads the Small and Mid-Sized Business Committee to support minority-owned businesses on Long Island.
- Mike Pence Partner — Featured speaker at LIA annual luncheons.
- Mitt Romney Partner — Featured speaker at LIA annual luncheons.
- Nassau County Government — Local officials from Nassau County participate in LIA events such as the State of the Region breakfast.
- Nassau County Government — Reports economic data specific to Nassau County, indicating a working relationship with county-level economic indicators.
+ 13 more
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Clean Energy Infrastructure as Economic Development Enginemethodology: energy-infrastructure-as-economic-foundationBy positioning Long Island as a hub for offshore wind energy and advocating for modern energy infrastructure, the organization stimulates regional economic growth because strategic investments in clean energy create jobs, attract capital, and integrate local businesses into emerging supply chains.
- Evidence-Based and Research-Informed Policy Advocacymethodology: evidence-based advocacyBy generating original research and analyzing economic trends, the organization informs and strengthens its policy advocacy because data-driven insights increase credibility, shape public discourse, and lead to more effective regional economic decisions.
- Platform for Public-Private Partnerships and Coordinated Stakeholder Actionmethodology: platform_builderBy acting as a convener and platform builder, the organization catalyzes public-private partnerships, aligns stakeholder interests, and advances priority projects because coordinated leadership across government, business, and industry is necessary to translate policy into measurable regional outcomes.
- Pro-Business Advocacy for Regional Economic Growthmethodology: pro-business advocacyBy advocating for pro-business policies, regulatory reform, and infrastructure improvements, the organization drives job creation, private investment, and regional economic growth because it believes a favorable business environment is foundational to long-term prosperity on Long Island.