Long Island Traditions, Inc.
Long Island Traditions, Inc.
EIN: 11-3064908
as of September 2024
as of September 09, 2024
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
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
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.
Historic Preservation
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.
Ethnic and Maritime Culture
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.
Cell Phone Tours with TravelStorys
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.
Where we work
Photos
Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
To document, present and preserve our region's ethnic and occupational culture and local architecture.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
Each year we present a variety of programs and exhibits, post new artist profiles on our web site, and identify new traditional artists.
What have they accomplished so far and what's next?
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
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
5.33
Months of cash in 2023 info
2.1
Fringe rate in 2023 info
10%
Funding sources info
Assets & liabilities info
Financial data
Long Island Traditions, Inc.
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
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
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 employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Long Island Traditions, Inc.
Board of directorsas of 06/28/2023
Board of directors data
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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