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Filing year 2024

LIFE INSURANCE COUNCIL OF NEW YORK INC

Albany, New York·EIN 13-2928479·6
Total revenue
$4.4M
Total assets
$7M
Total expenses
$4.1M
Reported officers
22
Mission

TO CREATE AND MAINTAIN A LEGISLATIVE, REGULATORY, AND JUDICIAL ENVIRONMENT IN THE STATE OF NEW YORK THAT ENCOURAGES THE MEMBERS OF LIFE INSURANCE COUNCIL OF NEW YORK (LICONY) TO CONDUCT AND GROW THEIR LIFE INSURANCE BUSINESS.

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Former President & CEO
Former Officer/director/trustee
Above 90th percentile
$711k
$768k
Base
$533k
Bonus
$104k
Other
Benefits
$59k
Managing Director, Regulatory Affairs
Key Employee
Above 90th percentile
$511k
$552k
Base
$409k
Bonus
$49k
Other
$30k
Benefits
$12k
Managing Director, Legislative Affairs
Key Employee
75th to 90th percentile
$376k
$406k
Base
$284k
Bonus
$28k
Other
Benefits
$50k
Director, Operations
Median to 75th percentile
$194k
$210k
Base
$165k
Bonus
$15k
Other
Benefits
$6k
President & CEO
Median to 75th percentile
$150k
$162k
Base
$140k
Bonus
Other
Benefits
$5k
Executive Assistant
Highest Compensated Employee
10th to 25th percentile
$118k
$127k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 16 unpaid individuals.

Up 5%
from 2023

From $677k in 2023 to $711k in 2024.

$677k
2023
$711k
2024
In today's dollarsEst.
Up 2% in real terms$756k to $768k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 12% from 2023 to 2024, while revenue rose 34%.

$458k in 2023 to $511k in 2024.
  • Chief Operating Officer pay rose 11% from 2023 to 2024.
  • Chief Executive Officer pay fell 78% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LIFE INSURANCE COUNCIL OF NEW YORK INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$3.3M
$3.5M
2023
$4.4M
$4.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LIFE INSURANCE COUNCIL OF NEW YORK INC

What does the Former Officer/director/trustee of LIFE INSURANCE COUNCIL OF NEW YORK INC earn?

In 2024, the Former Officer/director/trustee of LIFE INSURANCE COUNCIL OF NEW YORK INC received $711,033 in total compensation. This pay is in the top 10% for Former Officer/director/trustee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at LIFE INSURANCE COUNCIL OF NEW YORK INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Former Officer/director/trustee at LIFE INSURANCE COUNCIL OF NEW YORK INC falls in the top 10%.

What are LIFE INSURANCE COUNCIL OF NEW YORK INC's revenue and expenses?

In 2024, LIFE INSURANCE COUNCIL OF NEW YORK INC reported $4.4M in total revenue and $4.1M in total expenses on its IRS Form 990.

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