SILVER2023

Long Island Traditions, Inc.

Port Washington, NY   |  https://longislandtraditions.org/
GuideStar Charity Check

Long Island Traditions, Inc.

EIN: 11-3064908


Mission

We seek to identify those people who are carrying on important traditions within their families and communities that have been passed down from generation to generation. We examine fishermen and baymen, recent immigrants from Asia and Latin America, and the traditional architecture of our region.

Ruling year info

1993

Executive Director

Nancy Solomon

Main address

382 Main St

Port Washington, NY 11050 USA

Show more contact info

EIN

11-3064908

Subject area info

Folk arts

Architecture

Arts and culture

Environmental education

Population served info

Children and youth

Adults

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

Other Art, Culture, Humanities Organizations/Services N.E.C. (A99)

Environmental Education and Outdoor Survival Programs (C60)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We strive to break down cultural barriers so that people can learn about cultures and traditions of our region's ethnic and occupational heritage and vernacular architecture.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Folk Arts in Education

LI Traditions has an extensive arts in education program for primary and secondary schools that focuses on the traditional culture of Long Island's ethnic and occupational groups.  We work with master traditional artists who have extensive educational experience.  Programs offered include maritime ecology and culture, Native and African American culture, and Latino culture.  All programs feature local artists.

Population(s) Served
Children and youth

Long island Traditions works with communities, villages and local residents to document, survey and preserve their local architectural resources including traditional and vernacular architecture built by and for local residents.  Partnerships include the Village of Great Neck Plaza, Sea Cliff, Patchogue and other Long Island communities.

Population(s) Served
Adults

LI Traditions conducts oral histories, develops programs and works with tradition bearers in the region's maritime occupations and ethnic groups.  Programs include tours, museum exhibits, library programs and other public presentations.

Population(s) Served
Children and youth
Adults

LI Traditions is partnering with TravelStorys to create self-guided cell phone tours around NY State. Our first tour "Long Island Back Story" is of Long Island’s South Shore, which includes Bay Houses. We travel from Freeport – Patchogue. Our second tour "East End Backstory" includes the Ponquogue Bridge in Hampton Bays and the Combs Decoy Shop at Hallockville. Our third tour is the Long Island Diversity Tour which explores Long Island's cultural diversity, from Hempstead to the Shinnecock Reservation. Our fourth tour is the North Shore Back Story tour, which explores the maritime culture of sites from Port Washington to Port Jefferson. Download the app to experience this program. This partnership is funded in part by the NY State Council on the Arts and the Robert W. Lion Gardiner Foundation.

Population(s) Served
Ethnic and racial groups

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To document, present and preserve our region's ethnic and occupational culture and local architecture.

We present programs in school districts, public libraries, museums and concert halls, and at area festivals. We also develop museum exhibits, and conduct historic and cultural resource surveys in local communities.

Each year we present a variety of programs and exhibits, post new artist profiles on our web site, and identify new traditional artists.

We've raised awareness of the cultural diversity that is part of Long Island's heritage, completed our exhibit "In Harm's Way" about the historic threat of storms and hurricanes in our region, and we've preserved the south shore bay houses for future generations.

Financials

Long Island Traditions, Inc.
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

5.33

Average of 3.31 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

2.1

Average of 2.8 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

10%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Long Island Traditions, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Long Island Traditions, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Long Island Traditions, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Long Island Traditions, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation -$13,648 $47,879 $8,468 -$15,982 -$8,416
As % of expenses -10.4% 36.5% 5.4% -8.7% -3.9%
Unrestricted surplus (deficit) after depreciation -$13,648 $47,879 $8,468 -$15,982 -$8,416
As % of expenses -10.4% 36.5% 5.4% -8.7% -3.9%
Revenue composition info
Total revenue (unrestricted & restricted) $117,176 $178,968 $165,238 $168,178 $204,555
Total revenue, % change over prior year -35.3% 52.7% -7.7% 1.8% 21.6%
Program services revenue 23.5% 14.1% 17.4% 12.3% 9.6%
Membership dues 5.6% 3.4% 4.7% 5.1% 4.8%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 61.5% 55.0% 72.5% 77.1% 83.1%
All other grants and contributions 8.9% 25.1% 1.4% 2.1% 1.3%
Other revenue 0.5% 2.4% 4.0% 3.5% 1.2%
Expense composition info
Total expenses before depreciation $130,824 $131,089 $156,770 $184,160 $213,404
Total expenses, % change over prior year -24.1% 0.2% 19.6% 17.5% 15.9%
Personnel 47.8% 60.2% 45.4% 44.6% 35.8%
Professional fees 0.0% 0.0% 0.0% 1.4% 1.9%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 52.2% 39.8% 54.6% 53.9% 62.4%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $130,824 $131,089 $156,770 $184,160 $213,404
One month of savings $10,902 $10,924 $13,064 $15,347 $17,784
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $141,726 $142,013 $169,834 $199,507 $231,188

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 0.8 5.3 5.0 3.1 2.1
Months of cash and investments 0.8 5.3 5.0 3.1 2.1
Months of estimated liquid unrestricted net assets -0.1 4.3 4.2 2.6 1.7
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $8,723 $57,524 $65,747 $47,556 $38,128
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 110.8% 18.4% 15.8% 17.2% 18.7%
Unrestricted net assets -$968 $46,911 $55,379 $39,397 $30,981
Temporarily restricted net assets N/A N/A N/A N/A N/A
Permanently restricted net assets N/A N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets -$968 $46,911 $55,379 $39,397 $30,981

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Nancy Solomon

Nancy Solomon, Executive Director of Long Island Traditions, holds an M.A. degree in American Studies & Folklife from George Washington University. She is the author of Boat Building and Boat Yards of Long Island (History Press, 2021), and On The Bay: Bay Houses & Maritime Culture of Long Island (1993: Friends for Long Island's Heritage). Nancy has lectured extensively on the history and traditions of Long Island's fishermen and baymen. She has been working on Long Island since 1987 and for Long Island Traditions since 1995.

Number of employees

Source: IRS Form 990

Long Island Traditions, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Long Island Traditions, Inc.

Board of directors
as of 06/28/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Ken Robinson

Robinson and Associates

Term: 2009 - 2021

Ken Maltz

Retired music educator

Mirna Cortes Obers

Freeport Library, Freeport Trailer

Jude Schanzer

East Meadow Library

Patricia Healy

Michael Scully

Scully Real Estate

Dorothy Jacobs

Retired educator

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No