LONG ISLAND FORUM FOR TECHNOLOGY INC Charity Report

Public IRS 990 nonprofit record

LONG ISLAND FORUM FOR TECHNOLOGY INC

EIN 13-2947379 · Community & Neighborhood Development (S20)

What they do

THE COMPANY is IN THE PROCESS of OBTAINING APPROVAL FROM THE NEW YORK STATE ATTORNEY GENERAL to MERGE THE LONG ISLAND FORUM for TECHNOLOGY INC. ("LIFT") INTO ADVANCED MATERIALS MANUFACTURING TECHNOLOGY INFORMATION CENTER, RESEARCH FOUNDATION CORP., D/B/A COMPOSITE PROTOTYPING CENTER, A RELATED PARTY. THE COMPANY WAS INACTIVE DURING THE YEAR. THE COMPANY SOLD ALL of THEIR ASSETS DURING THE YEAR and TRANSFERRED THE PROCEEDS to THE COMPOSITE PROTOTYPING CENTER to PAY OFF DEBT THAT WAS SECURED BY THESE ASSETS. THE REMAINING PROCEEDS WERE USED to SETTLE OUTSTANDING LIABILITIES of BOTH LIFT and CPC. THE REMAINING CASH WILL BE USED to REBRAND CPC. - to PROMOTE & DEVELOP MANUFACTURING BUSINESSES BY PROVIDING DIRECT ASSISTANCE and ACTING AS A CENTER for EDUCATION, COUNSELING & PROMOTING A STRONG BUSINESS ENVIRONMENT ON LI, NY

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $5.30 was reported for mission work and $0.00 for fundraising. Understand this before you give.

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 checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders1 people are listed in the latest report.

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

Money made simple

4.23%of revenue went to mission work5.3% of expenses · Program services

$80.38spent for every $100 of revenueRevenue covered expenses this year.

80.38%of revenue went to management and office costs100.0% of expenses

$177.64in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2024

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.

$100revenue

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$34,270

Mission workProgram services$1,4504.23% of revenue5.3% of expenses

ManagementOffice and general costs$27,54580.38% of revenue100.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$6,72519.62% of revenueShown in gray on the chart

Total expenses$27,54580.38% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 5.3% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 5.3% mission · 100.0% management · 0.0% fundraisingTotal expenses: 80.38% of revenue

2020Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingRevenue comparison unavailable

2019Expense mix: 85.3% mission · 14.7% management · 0.0% fundraisingRevenue comparison unavailable

2018Expense mix: 86.1% mission · 13.9% management · 0.0% fundraisingTotal expenses: 86.09% of revenue

2017Expense mix: 19.2% mission · 80.8% management · 0.0% fundraisingTotal expenses: 127.82% of revenue

2016Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 59.46% of revenue

2015Expense mix: 57.4% mission · 42.6% management · 0.0% fundraisingTotal expenses: 61.18% of revenue

Money in and money out

Revenue$34,270

Expenses$27,545

Annual surplus $6,725 Revenue was higher than expenses 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)$1,450 · 5.3% of expenses

Management and office costs$27,545 · 100.0% of expenses

See all reported dollar amounts

Revenue$34,270

Expenses$27,545

Assets$4,893,194

Mission work (program services)$1,450

Accounting fees$26,700

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (1)

BARRY SHORTENPRINCIPAL OFFICER

About this charity

Recognized since: October 1978
Location: PO Box 7066, Wantagh, NY 11793
County: Nassau
Primary officer: Barry Shorten

How to reach them

Phone(516) 749-7402

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PKF OCONNOR DAVIES LLP
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development