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Nonprofiteer
← LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2024

Filed by LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$1,689,635
Total expenses
$1,100,893
Contributions and grants received
$1,677,166
Grants paid
$0
Program service revenue
$12,469
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,159,257
Total liabilities, end of year
$861,501
Net assets or fund balances, end of year
$297,756
Program services expenses (Part IX)
$1,004,260
Management and general expenses
$22,424
Fundraising expenses
$74,209
Program service expenses (Part III)
$1,004,260

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARIA SALINAS

    PRESIDENT & CEO

    Total calculated
    $631,507
    From this org
    $0
    From related orgs
    $601,432
    Other
    $30,075
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,432 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $18,012 related
    Nontaxable benefits
    $0 + $12,063 related
    Filer's total
    $0 + $631,507 related

  • GREGORY T GEYER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JANET LAMKIN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ANDY PARK

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GEORGE PLA

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • AG SPANOS

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • TAYLOR HATHAWAY-ZEPEDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARTIN BREIDSPRECHER

    CHIEF OPERATING OFFICER

    Total calculated
    $325,042
    From this org
    $0
    From related orgs
    $285,428
    Other
    $39,614
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,428 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,963 related
    Nontaxable benefits
    $0 + $30,651 related
    Filer's total
    $0 + $325,042 related

  • PETER SAY SONG FOO

    VICE PRESIDENT, ENTREPRENE

    Total calculated
    $163,991
    From this org
    $0
    From related orgs
    $139,617
    Other
    $24,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $139,617 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,403 related
    Nontaxable benefits
    $0 + $19,971 related
    Filer's total
    $0 + $163,991 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION REIMBURSES THE CEO FOR BUSINESS USE PORTION OF A SOCIAL CLUB MEMBERSHIP. CLUB MEMBERSHIP IS PRIMARILY USED FOR BUSINESS PURPOSES FOR FURTHERING THE CHAMBER'S MISSION AMONGST THE BUSINESS COMMUNITY.
PART I, LINE 3
THE ORGANIZATION SHARES CERTAIN PAYROLL AND OTHER ADMINISTRATIVE FUNCTIONS WITH LOS ANGELES AREA CHAMBER OF COMMERCE, A RELATED NONPROFIT ORGANIZATION. THE ORGANIZATION REIMBURSES THE LOS ANGELES AREA CHAMBER OF COMMERCE FOR THE COSTS OF THE PAYROLL AND ADMINISTRATIVE EXPENSES IT INCURS ON BEHALF OF LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202532829349301418

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