Nonprofit · EIN 11-3431263
LONG ISLAND SMALL BUSINESS ASSISTANCE CORP
Tax-exempt · HAUPPAUGE, NY 11788
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $7,536 | $183,495 | -$175,959 | $477,858 | $500,533 | -$22,675 |
| December 31, 2023 | 990 | $27,206 | $172,612 | -$145,406 | $651,184 | $509,935 | $141,249 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $7,000
- Investment income
- $536
Expenses
- Compensation of officers, directors and key employees
- $69,000
- Salaries, compensation and benefits (total)
- $74,541
- Professional fees and payments to contractors
- $8,925
- Other expenses
- $100,029
- Program services (functional)
- $130,648
Balance sheet and other
- Total assets, start of year
- $651,184
- Total assets, end of year
- $477,858
- Total liabilities, end of year
- $500,533
- Net assets, end of year
- -$22,675
- Cash, savings and investments
- $408,321
- Gross receipts
- $7,536
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gina Hill Slater Parker | CEO/President | 10 | $69,000 |
| Michelle DiBenedetto | Board Member | 1 | $0 |
| Phyllis Hill Slater | Founding Chair | 1 | $0 |
| Diana Weir | Vice President | 1 | $0 |
| Isabel Medina | Treasurer | 1 | $0 |
| Kit Cafaro | Secretary | 0 | $0 |
| Michael Reed | Board Member | 0 | $0 |
| Annie Tom | Board Member | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GINA HILL SLATER PARKER | CEO/PRESIDENT Trustee or director, Officer | 10 | $69,000 |
| MICHELLE DIBENEDETTO | BOARD MEMBER Trustee or director | 1 | $0 |
| PHYLLIS HILL SLATER | FOUNDING CHAIR Trustee or director | 1 | $0 |
| DIANA WEIR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ISABEL MEDINA | TREASURER Trustee or director, Officer | 1 | $0 |
| KIT CAFARO | SECRETARY Trustee or director, Officer | 0 | $0 |
| MICHAEL REED | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNIE TOM | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 175 ENGINEERS RD STE 200, HAUPPAUGE, NY 11788-4029
- In care of
- % ROSLYN GOLDMACHER
- Signed the 990-EZ
- Gina Hill Slater Parker, CEO/President
- Phone
- (516) 433-5000
- Website
- www.lisbac.org
- Return prepared by
- Audit EZ Inc
Mission
LISBAC provides low cost micro loans, small business technical assistance, and private/public sector procurement resources taht all aid in increasing business growth, capacity, and access to capital to underserved target markets.
Program accomplishments
- Business Credit Improvement Program (BCIP)is a lending program that aids small businesses in establishing business credit and increases the business entity's borrowing potential.Expenses $130,648
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3431263
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $477,858
- Income (IRS master file)
- $7,536
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $7,536 | $183,495 | $477,858 | XML |
| 990 | December 2023 | $27,206 | $172,612 | $651,184 | XML |
| 990 | December 2022 | $14,409 | $135,106 | $293,540 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3431263).
Questions about LONG ISLAND SMALL BUSINESS ASSISTANCE CORP
- What is the EIN of LONG ISLAND SMALL BUSINESS ASSISTANCE CORP?
- The employer identification number (EIN) of LONG ISLAND SMALL BUSINESS ASSISTANCE CORP is 11-3431263.
- Is LONG ISLAND SMALL BUSINESS ASSISTANCE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to LONG ISLAND SMALL BUSINESS ASSISTANCE CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LONG ISLAND SMALL BUSINESS ASSISTANCE CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LONG ISLAND SMALL BUSINESS ASSISTANCE CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LONG ISLAND SMALL BUSINESS ASSISTANCE CORP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LONG ISLAND SMALL BUSINESS ASSISTANCE CORP?
- The 990-EZ for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $69,000 (Gina Hill Slater Parker, CEO/President).
- How much revenue does LONG ISLAND SMALL BUSINESS ASSISTANCE CORP have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $7,536, expenses of $183,495 and total assets of $477,858 at year end.
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