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LEAGUE OF MUTUAL TAXI OWNERS INC

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Tax-exempt status may be revoked

LEAGUE OF MUTUAL TAXI OWNERS INC

EIN 13-1716960

What they do

LOMTO Inc. Provide Information and Education Resources to Its Members, Provides Legal Assistance to Its Members, Represents Their Interests Before Legal and Regulatory Bodies. Organization is A Trade Association for Owners and Owner/drivers of Livery Cars In New York City

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

26.22%of revenue went to mission work15.7% of expenses · Program services
$167.19spent for every $100 of revenueSpending was higher than revenue this year.
140.97%of revenue went to management and office costs84.3% of expenses
$2.64in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $33,491 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $24,231 for NAT GOLDBETTER (MANAGING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$49,848
Mission workProgram services$13,07026.22% of revenue15.7% of expenses
ManagementOffice and general costs$70,269140.97% of revenue84.3% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$83,339167.19% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 15.7% went to mission work. Ask the charity to explain these numbers and show recent results.

Money in and money out

Revenue$49,848
Expenses$83,339
Annual shortfall $33,491 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$13,070 · 15.7% of expenses
Management and office costs$70,269 · 84.3% of expenses
See all reported dollar amounts
Revenue$49,848
Expenses$83,339
Assets$220,394
Mission work (program services)$13,070
Management and general$70,269
Accounting fees$1,800
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NAT GOLDBETTERMANAGING DIRECTOR · 25 hrs/week $24,231
UPPKAR THINDDIRECTOR · 12 hrs/week $10,577

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

NAT GOLDBETTERMANAGING DIRECTOR

UPPKAR THINDDIRECTOR

CLIFF ADLERDIRECTOR

ERHAN TUNCELVICE PRESIDENT

FLORENTIN FENELON1ST VICE PRESIDENT

HUSSEIN ELSHERBINYDIRECTOR

JEAN CHERYDIRECTOR

JOHN CAINESDIRECTOR

PHILIP CHENDIRECTOR

TAHIRU ALISECRETARY

About this charity

Location
50-24 Queens Blvd, Woodside, NY 11377
County
Queens
In care of
Richard Kay

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
KERRY MOLLOY
Revocation date
May 15, 2020

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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