2026-08-17T13:05:57-05:00 2025-12-31 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2025-01-01 222235025 PUBLIC POLICY INSTITUTE OF NEW YORK STATE INC PUBL 5184657511 12 CORPORATE WOODS BLVD 17 ALBANY NY 12211 HEATHER C MULLIGAN PRESIDENT & CEO 5184657511 2026-08-17 1 NICHOLAS MURABITO P02354743 5184596700 2026-08-03 2025 2025-03-06 01:10:19Z HEATHER C MULLIGAN 111 WASHINGTON AVENUE ALBANY NY 12210 4155235 0 X WWW.PPINYS.ORG X 1977 NY NONPARTISAN RESEARCH ON GOVERNMENT & ECONOMIC ISSUES PERTAINING TO NYS WHICH ARE OF INTEREST TO BUSINESS, LABOR, & THE GENERAL PUBLIC. 11 10 0 11 0 0 253564 4155235 0 0 0 0 0 0 253564 4155235 0 0 0 0 80118 70596 0 0 0 147431 4085259 227549 4155855 26015 -620 283742 211201 101529 29608 182213 181593 X THE INSTITUTE CONDUCTS NON-PARTISAN RESEARCH INTO NYS GOVERNMENTAL AND ECONOMIC ISSUES OF INTEREST TO BUSINESS, LABOR AND THE GENERAL PUBLIC. 0 0 3985698 AS SERIOUS DISCUSSIONS BEGAN AT THE STATE LEVEL REGARDING UPDATES TO THE ABUSE OF DOMINANCE (AKA "ANTITRUST") LEGISLATION, PPI CREATED A PUBLIC EDUCATION CAMPAIGN TO DISCUSS THE IMPLICATIONS OF ENACTING SUCH LEGISLATION ON NEW YORK STATE'S ECONOMY. THIS EDUCATION CAMPAIGN WAS DESIGNED SOLELY TO EDUCATE THE PUBLIC THROUGH PUBLIC OUTREACH AND INFORMATION THAT WAS PROVIDED ON A DEDICATED WEBSITE. 92452 PPI PARTNERED WITH THE NYS ECONOMIC DEVELOPMENT COUNCIL ON A COMPETITIVENESS PROJECT. THE GOAL OF THE PROJECT IS TO MAKE NEW YORK MORE AFFORDABLE, REVERSE OUTMIGRATION, AND SUPPORT ECONOMIC GROWTH AND OPPORTUNITY. AN ECONOMIST WAS HIRED TO PUT TOGETHER THE DATA AND ASSEMBLE RECOMMENDATIONS, WITH INPUT FROM STAKEHOLDERS, PARTNER ORGANIZATIONS (CHAMBERS, IDAS, TRADE ASSOCIATIONS) AND SELECTED INVESTORS. SIGNIFICANT FUNDRAISING WAS DONE TO SUPPORT THE PROJECT AND THE MARKETING OF FINAL RECOMMENDATIONS. 33465 PPI PARTNERED WITH THE US CHAMBER OF COMMERCE FOUNDATION AND FOUR LOCAL CHAMBERS OF COMMERCE ACROSS NEW YORK STATE TO HOST A STATEWIDE CIVICS BEE COMPETITION. MODELED ON TRADITIONAL SPELLING AND GEOGRAPHY BEES, THE COMPETITION GIVES STUDENTS THE CHANGE TO WIN RECOGNITION AND EARN CASH PRIZES BY SHARING IDEAS FOR IMPROVING THEIR COMMUNITIES AND SHOWING THEIR ENTHUSIASM FOR CIVICS. THE WINNER IS INVITED TO COMPETE IN THE NATIONAL CIVICS BEE CHAMPIONSHIP IN WASHINGTON, D.C. 10890 THE NEW YORK BUSINESS DEFENSE FUND (NYBDF) IS THE LEGAL ARM OF PPI, CHALLENGING FEDERAL, STATE AND LOCAL GOVERNMENT REGULATORY OVERREACH AND UNCONSTITUTIONAL LEGISLATION. THE NYBDF WORKS TO ENSURE THE LEGISLATIVE CLIMATE PROMOTES ECONOMIC GROWTH FOR NEW YORK BUSINESSES. 719 DURING 2025, PPI PARTNERED WITH THE U.S. CHAMBER OF COMMERCE AS PART OF ITS PREPARING TOMORROW'S WORKFORCE INITIATIVE. THE FUNDS WILL BE USED IN SUPPORT OF WORKFORCE READINESS AND BUSINESS EDUCATION PROGRAMMING, INCLUDING EFFORTS TO ADVANCE AWARENESS OF THE AP BUSINESS PRINCIPLES/PERSONAL FINANCE COURSE. THE PROJECT RUNS THROUGH AUGUST 2026. 11609 4123224 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X SUZANNE M JENSEN CPA 5184657511 12 CORPORATE WOODS BLVD SUITE 17 ALBANY NY 12211 HEATHER C MULLIGAN PRESIDENT & CEO 1.50 31.00 X X 14671 474360 30742 SHEILA APPEL TRUSTEE 0.25 X 0 0 0 JOSEPH DE FLORA TRUSTEE 0.25 X 0 0 0 DR KELLY CHEZUM SECRETARY 0.25 X X 0 0 0 ANNA MARIA MARITATO CHAIR 0.50 X X 0 0 0 KATHLEEN DIGAN TRUSTEE 0.25 X 0 0 0 GEORGE LENCE TRUSTEE 0.25 X 0 0 0 JOSH LEVIN TRUSTEE 0.25 X 0 0 0 CHRISTINE MCLEAR TRUSTEE 0.25 X 0 0 0 KEVIN SCHWAB TRUSTEE 0.25 X 0 0 0 RYAN SILVA TREASURER 0.25 X X 0 0 0 SUZANNE M JENSEN CPA CFO 1.00 35.00 X 0 220301 18879 KENNETH J POKALSKY FORMER TRUSTEE 0.25 35.00 X 2367 234374 17577 17038 929035 67198 0 1 1 0 0 4155235 4155235 4155235 0 0 0 X 18136 15180 2956 38306 31661 6645 4018 4018 10136 4516 5620 140 140 9185 9185 4047530 4045030 2500 155 89 66 740 740 3078 2661 417 7378 7378 11833 11833 3743 3743 MISCELLANEOUS 1477 718 759 4155855 4123224 32631 0 231242 209721 52500 500 0 980 1711 1711 0 0 283742 211201 94764 5563 6765 24045 101529 29608 X 62500 150332 119713 31261 182213 181593 283742 211201 -620 0 X 0 1 X 1 0 X 169368 36977 1724297 253564 4155235 6339441 169368 36977 1724297 253564 4155235 6339441 5262874 1076567 6339441 0.16980 0.27990 X PPI'S FUNDRAISING PROGRAM:PPI RECEIVES SUPPORT FROM VARIOUS SOURCES OF THE PUBLIC, PRIMARILY FROM DONORS IN NEW YORK STATE BUT ALSO FROM DONORS THROUGHOUT THE UNITED STATES. PPI'S PRIMARY TARGETS FOR FUNDRAISING INCLUDE ECONOMIC DEVELOPMENT COUNCILS, INDUSTRIAL DEVELOPMENT AGENCIES, BUSINESS COUNCILS, CHAMBERS OF COMMERCE, AND SOME RENOWNED CORPORATIONS. PPI WILL CONTINUE TO SOLICIT FUNDS FROM THESE ORGANIZATIONS VIA ITS BUSINESS DEFENSE LEGAL CENTER, ECONOMIC BLUEPRINT, ANTITRUST LEGISLATION, WORKFORCE INITIATIVE, AND CIVICS BEE SPONSORSHIPS. PPI HAS MAINTAINED AN ACTIVE PRESENCE IN THE GENERAL PUBLIC THROUGH BUSINESS, LABOR, LEGISLATIVE, AND ACADEMIC COMMUNITIES WITH THE GOAL OF INCREASING DONATIONS. PPI WILL CONTINUE TO ENHANCE AND GROW ITS FUNDRAISING EFFORTS IN A VARIETY OF WAYS AS THE ORGANIZATION LOOKS TO THE FUTURE. PPI IS THE RECIPIENT OF A GRANT FROM HSBC, AND ACTIVELY UNDERTAKES SOLICITATION OF FUNDING FROM VARIOUS AGENCIES, COUNCILS, CHAMBERS, PARTNERSHIPS AND CORPORATIONS.PPI IS PUBLICLY SUPPORTED:PPI RAISED OVER $4,000,000 FROM PRIVATE SOURCES DURING 2025, REFLECTING ITS TOTAL REVENUE RAISED. PPI RECEIVED A GRANT FROM AMAZON AND GOOGLE AS WELL AS ADDITIONAL CONTRIBUTIONS AND SPONSORSHIPS FROM VARIOUS ORGANIZATIONS. AS DISCUSSED PREVIOUSLY, PPI WILL CONTINUE TO ENHANCE AND GROW ITS FUNDRAISING EFFORTS IN THE FUTURE WITH THE GOAL OF INCREASING REVENUE FROM PRIVATE SECTOR SOURCES.THE NEW YORK BUSINESS DEFENSE FUND (NYBDF) IS THE LEGAL ARM OF PPI, CHALLENGING FEDERAL, STATE, AND LOCAL GOVERNMENT REGULATORY OVERREACH AND UNCONSTITUTIONAL LEGISLATION. THE NYBDF WORKS TO ENSURE THE LEGISLATIVE CLIMATE PROMOTES ECONOMIC GROWTH FOR NEW YORK BUSINESSES.PPI ENJOYS THE REGULAR MONETARY AND OTHER SUPPORT FROM VARIOUS STATE AND COUNTY ORGANIZATIONS AS WELL AS ADDITIONAL COMPANIES.DUE TO COMMON MANAGEMENT, PPI IS AN AFFILIATE OF THE BUSINESS COUNCIL OF NEW YORK STATE, INC. (COUNCIL), ALSO A NEW YORK NOT-FOR-PROFIT CORPORATION. PER PPI'S AGREEMENT WITH THE COUNCIL, THE COUNCIL PROVIDES ADMINISTRATIVE SERVICES TO PPI AT THE COUNCIL'S COST. THESE COSTS ARE INCLUDED IN THE STATEMENTS OF FUNCTIONAL EXPENSES WITH A PORTION ALLOCATED TO PPI'S PROGRAMS.PPI PARTNERED WITH THE NYS ECONOMIC DEVELOPMENT COUNCIL ON A COMPETITIVENESS PROJECT. THE GOAL OF THE PROJECT IS TO MAKE NEW YORK MORE AFFORDABLE, REVERSE OUTMIGRATION, AND SUPPORT ECONOMIC GROWTH AND OPPORTUNITY. AN ECONOMIST WAS HIRED TO PUT TOGETHER THE DATA AND ASSEMBLE RECOMMENDATIONS, WITH INPUT FROM STAKEHOLDERS, PARTNER ORGANIZATIONS (CHAMBERS, IDAS, TRADE ASSOCIATIONS) AND SELECTED INVESTORS. SIGNIFICANT FUNDRAISING WAS DONE TO SUPPORT THE PROJECT AND THE MARKETING OF FINAL RECOMMENDATIONS. DURING 2025, AS SERIOUS DISCUSSIONS BEGAN AT THE STATE LEVEL REGARDING UPDATES TO THE ABUSE OF DOMINANCE (AKA "ANTITRUST") LEGISLATION, PPI CREATED A PUBLIC EDUCATION CAMPAIGN TO DISCUSS THE IMPLICATIONS OF ENACTING SUCH LEGISLATION ON NEW YORK STATE'S ECONOMY. THIS EDUCATION CAMPAIGN WAS DESIGNED SOLELY TO EDUCATE THE PUBLIC THROUGH PUBLIC OUTREACH AND INFORMATION THAT WAS PROVIDED ON A DEDICATED WEBSITE. SIGNIFICANT FUNDRAISING WAS DONE TO SUPPORT THE PROJECT, WITH 96% OF FUNDS RECEIVED FROM AMAZON. ALSO IN 2025, PPI PARTNERED WITH THE U.S. CHAMBER OF COMMERCE AS PART OF ITS PREPARING TOMORROW'S WORKFORCE INITIATIVE. THE FUNDS WILL BE USED IN SUPPORT OF WORKFORCE READINESS AND BUSINESS EDUCATION PROGRAMMING, INCLUDING EFFORTS TO ADVANCE AWARENESS OF THE AP BUSINESS PRINCIPLES/PERSONAL FINANCE COURSE. THE PROJECT RUNS THROUGH AUGUST 2026. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1711 1711 0 0 X 4155235 0 4155235 0 4155235 4155855 0 4155855 0 4155855 PART X, LINE 2: PPI FILES FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR THE AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED PPI'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT PPI HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 OR 2024. 0 0 0 0 0 0 0 0 0 HEATHER C MULLIGAN PRESIDENT & CEO 14671 412380 0 60000 0 1980 303 9795 619 20025 15593 504180 0 0 KENNETH J POKALSKY FORMER TRUSTEE 2367 227164 0 5000 0 2210 71 6980 105 10421 2543 251775 0 0 SUZANNE M JENSEN CPA CFO 0 219011 0 0 0 1290 0 6710 0 12169 0 239180 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS AND REVIEWED BY THE TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS RECERTIFY THEIR UNDERSTANDING AND ACCEPTANCE OF THE POLICY EACH YEAR BY SUBMITTING A NEW SIGNED ACKNOWLEDGEMENT OF THE POLICY EVERY JANUARY. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS OPEN TO THE PUBLIC UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 4,045,030. MANAGEMENT AND GENERAL EXPENSES 2,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,047,530. BUSINESS COUNCIL OF NEW YORK STATE INC 12 CORPORATE WOODS BLVD BLDG 17 ALBANY NY 12211 141401680 CREATING ECONOMIC GROWTH AND STRONG COMMUNITIES ACROSS NEW YORK STATE. NY 501(C)6 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BUSINESS COUNCIL OF NEW YORK STATE INC O 70596 ALLOCATION