Licensing International INC

Not tax-deductible

New York, NY501(c)(6)EIN 13-3023588Revenue $5.3M in FY2024

On file with the IRSlicensing.org1350 Broadway 1710, 10018-7702 · New York, NYTax-exempt since Jan 1981

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The organization is a trade assoc serving companies and invididuals in the Licensing industry.

$865K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $183K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$865K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+8% vs prior year
Spent
$4.7M
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$5.3M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$3.6M
FY2022$4.0M
FY2023$4.9M
FY2024$5.3M
Expenses
$4.7M
FY2024▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$3.3M
FY2022$4.2M
FY2023$4.7M
FY2024$4.7M
Net assets
$5.1M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$4.8M
FY2022$3.9M
FY2023$4.6M
FY2024$5.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1981.

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

Who runs it and what they're paid

35 people listed on the 990; $865K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$483,104Pt VII · Sec A
VP - Member Engagement
$176,533Pt VII · Sec A
Director of Finance & Administration
$115,902Pt VII · Sec A
Controller (thru 04/24)
$77,684Pt VII · Sec A
$11,760Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Maura Regan$483,104$661,786$476,180$339,219$366,586
Gisela Abrams——$229,152$186,034$194,187
Virginia McGuire$77,684$197,807$171,542$120,000$124,200
Maria Ungaro—$184,576$157,825$129,179$134,209
Maria Uncaro$176,533————
Marty Brochstein———$169,647$175,585
Sharon Weisman————$144,201
Mark Seavy—$130,529———

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 Licensing International INC executive salaries →

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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 15aYes

Programs and updates

Connects and supports companies and individuals in the licensing industry.

Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization works with a number of partners to develop exclusive research into the trends, obstacles, and developments affecting the licensing industry to ensure members have in-depth insights and data to support their evolving strategies.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$481K
Money outPt IX
$4.7M
Ln 25
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$7.0M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
35
listed · VII A
PaidVII A5
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$481K
Gains on assetsLn 7$352K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$689K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$4.2M
Land, buildings, equipmentLn 10c$7K
Other assetsLn 15$418K
Total assetsLn 16$7.0M
LiabilitiesLn 26$1.8M
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 513
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.3M$2.0M
InvestmentsLn 11–13$3.8M$4.2M
Land, buildings, equipmentLn 10c$12K$7K
Total assetsLn 16$7.0M$7.0M
LiabilitiesLn 26$2.5M$1.8M
Net assetsLn 32$4.6M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$831K
Other salaries and wagesLn 7$902K
Pension plan contributionsLn 8$24K
Other employee benefitsLn 9$148K
Payroll taxesLn 10$136K
Management feesLn 11a$193K
Legal feesLn 11b$20K
Accounting feesLn 11c$75K
Investment management feesLn 11f$39K
Other fees for servicesLn 11g$684K
Advertising and promotionLn 12$91K
Office expensesLn 13$66K
Information technologyLn 14$271K
OccupancyLn 16$55K
TravelLn 17$110K
Conferences, conventions and meetingsLn 19$633K
InterestLn 20$40K
Depreciation, depletion and amortizationLn 22$306K
InsuranceLn 23$28K
Other expenses (24a–d)Ln 24$41K
Total functional expensesLn 25$4.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.3M$4.7M$653K$5.1M 990 PDF
FY2023 $4.9M$4.7M$200K$4.6M 990 PDF
FY2022 $4.0M$4.2M−$227K$3.9M 990 PDF
FY2021 $3.6M$3.3M$289K$4.8M 990 PDF
FY2020 $2.4M$4.2M−$1.8M$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,347,002 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,841,242$4,866,087
I-10 Investment incomePrior year $93,771$480,915
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,935,013$5,347,002
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 $1,978,185$2,042,465
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,756,344$2,651,337
I-18 Total expensesPrior year $4,734,529$4,693,802
I-19 Revenue less expensesPrior year $200,484$653,200
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,347,002 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,861,185 · Unrelated business $4,902$4,866,087
VIII-3 Investment incomeExcluded from tax $128,553$128,553
VIII-7 Net gain or loss on sales of assetsExcluded from tax $352,362$352,362
VIII-12 Total revenueRelated to mission $4,861,185 · Unrelated business $4,902 · Excluded from tax $480,915$5,347,002
Part IX · Statement of functional expenses $4,693,802 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$831,423
IX-7 Other salaries and wages$902,181
IX-8 Pension plan contributions$24,479
IX-9 Other employee benefits$148,456
IX-10 Payroll taxes$135,926
IX-11a Management fees$193,339
IX-11b Legal fees$19,853
IX-11c Accounting fees$75,041
IX-11f Investment management fees$38,959
IX-11g Other fees for services$683,590
IX-12 Advertising and promotion$90,530
IX-13 Office expenses$66,318
IX-14 Information technology$271,168
IX-16 Occupancy$54,792
IX-17 Travel$109,589
IX-19 Conferences, conventions and meetings$633,363
IX-20 Interest$40,075
IX-22 Depreciation, depletion and amortization$305,933
IX-23 Insurance$27,678
IX-24 Other expenses (24a–d)$41,109
IX-25 Total functional expenses$4,693,802
Part X · Balance sheet $6,950,423 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $577,463$689,014
X-2 Savings and temporary cash investmentsStart of year $1,684,039$1,354,407
X-4 Accounts receivableStart of year $23,857$52,319
X-9 Prepaid expenses and deferred chargesStart of year $208,158$201,872
X-10c Land, buildings and equipment, netStart of year $11,526$7,084
X-11 Publicly traded securitiesStart of year $3,802,920$4,227,881
X-15 Other assetsStart of year $719,339$417,846
X-16 Total assetsStart of year $7,027,302$6,950,423
X-17 Accounts payable and accrued expensesStart of year $221,523$293,646
X-19 Deferred revenueStart of year $811,405$904,440
X-25 Other liabilitiesStart of year $1,441,522$611,144
X-26 Total liabilitiesStart of year $2,474,450$1,809,230
X-27 Net assets without donor restrictionsStart of year $4,552,852$5,141,193
X-32 Total net assets or fund balancesStart of year $4,552,852$5,141,193
X-33 Total liabilities and net assetsStart of year $7,027,302$6,950,423
Part XI · Reconciliation of net assets $5,141,193 net assets at year end
XI-1 Total revenue$5,347,002
XI-2 Total expenses$4,693,802
XI-3 Revenue less expenses$653,200
XI-4 Net assets at start of year$4,552,852
XI-5 Net unrealized gains (losses) on investments−$56,449
XI-9 Other changes in net assets−$8,410
XI-10 Net assets at end of year$5,141,193

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

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