Long Island Software & Technology Network FY2024 filing

Not tax-deductible

Plainview, NY501(c)(6)Since 1997Mutual / membership EIN 11-3394239Revenue $163K in FY2024Latest return filed Jun 15, 2026

On file with the IRSlistnet.orgPlainview, NYTax-exempt since Dec 1998

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Promote and assist the Software, information and other Technology industries on Long Island

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-3394239) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
84¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $9K a year · 5% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 22% of spending
Pay to officers and key staff is 22% of spending.
Part VII, Section A
6.6 mo
of spending, in cash
6.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
45
of 47 voting members
45 of 47 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$163K
-8% vs prior year
Spent
$182K
To programs
84%
Net assets
$101K
By yearFY2021–FY2025
Revenue
$163K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$154K
FY2022$202K
FY2023$178K
FY2024$163K
FY2025$173K
Expenses
$182K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$216K
FY2022$166K
FY2023$176K
FY2024$182K
FY2025$174K
Net assets
$101K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$83K
FY2022$119K
FY2023$120K
FY2024$101K
FY2025$101K

From the FY2024 Form 990 (year ending July 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $153K Management & general 16% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

47 people listed on the 990; $39K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$39,480Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Board
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Peter Goldsmith$39,480$39,480$36,660$60,200$112,917

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Long Island Software & Technology Network executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps the tech industry grow and succeed on Long Island.

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1 program · $153K · in their own filed words · FY2023
01

Promotion of the information and other technology industries on long island by means of advertising and networking events

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 11-3394239) · Dispute this line
$153Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$163K
Ln 12
Fees for servicesLn 2g$92K
Gifts and grantsLn 1h$70K
Investment incomeLn 3$255
Money outPt IX
$182K
Ln 25
Programscol B$153K
Managementcol C$29K
Owns and owesPt X
$101K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$101K
LiabilitiesLn 26$0
PeoplePt VI, VII
47
listed · VII A
PaidVII A1
Voting boardVI 1a47
IndependentVI 1b45
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Fees for servicesLn 2g$92K
Investment incomeLn 3$255
Total revenueLn 12$163K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Land, buildings, equipmentLn 10c$884
Total assetsLn 16$101K
LiabilitiesLn 26$0
Net assetsLn 32$101K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$120K$100K
Land, buildings, equipmentLn 10c$0$884
Total assetsLn 16$120K$101K
LiabilitiesLn 26$0$0
Net assetsLn 32$120K$101K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$83K$75K$8K
Office expensesLn 13$14K$14K
Depreciation, depletion and amortizationLn 22$252
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$83K$78K$5K
Total functional expensesLn 25$182K$153K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 15, 2026 $173K$174K−$420$101K 990 PDF
FY2024 ViewingFiled with the IRS Jan 27, 2025 $163K$182K−$19K$101K 990 PDF
FY2023Filed with the IRS Feb 14, 2024 $178K$176K$2K$120K 990 PDF
FY2022Filed with the IRS Feb 14, 2023 $202K$166K$36K$119K 990 PDF
FY2021Filed with the IRS Dec 1, 2021 $154K$216K−$62K$83K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $163,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,183$70,283
I-9 Program service revenuePrior year $57,278$92,489
I-10 Investment incomePrior year $256$255
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $177,717$163,027
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $175,950$182,370
I-18 Total expensesPrior year $175,950$182,370
I-19 Revenue less expensesPrior year $1,767−$19,343
Part VI · Governance 45 of 47 board members independent, 4 to look at
VI-1a Voting members of the governing body47
VI-1b Independent voting members45
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $163,027 across 5 lines filed
VIII-1b Membership dues$70,283
VIII-1h Total contributions, gifts and grants$70,283
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,489$92,489
VIII-3 Investment incomeRelated to mission $255$255
VIII-12 Total revenueRelated to mission $92,744 · Unrelated business $0 · Excluded from tax $0$163,027
Part IX · Statement of functional expenses $182,370 across 5 lines filed
IX-11c Accounting feesPrograms $75,060 · Management $8,340$83,400
IX-13 Office expensesManagement $13,720$13,720
IX-22 Depreciation, depletion and amortization$252
IX-23 InsuranceManagement $2,317$2,317
IX-24 Other expenses (24a–d)Programs $78,126 · Management $4,555$82,681
IX-25 Total functional expensesPrograms $153,186 · Management $28,932 · Fundraising $0$182,370
Part X · Balance sheet $100,992 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $120,335$100,108
X-10c Land, buildings and equipment, netStart of year $0$884
X-16 Total assetsStart of year $120,335$100,992
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $120,335$100,992
X-32 Total net assets or fund balancesStart of year $120,335$100,992
X-33 Total liabilities and net assetsStart of year $120,335$100,992
Part XI · Reconciliation of net assets $100,992 net assets at year end
XI-1 Total revenue$163,027
XI-2 Total expenses$182,370
XI-3 Revenue less expenses−$19,343
XI-4 Net assets at start of year$120,335
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,992

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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