Form 990 for tax year 2022
Filed by GREATER LOS ANGELES AFRICAN AMERICAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $424,866
- Total expenses
- $422,416
- Contributions and grants received
- $64,887
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $20,149
- Other revenue
- $339,830
- Total assets, end of year
- $2,045,272
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,045,272
- Program services expenses (Part IX)
- $311,912
- Management and general expenses
- $110,504
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $311,912
Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$57,230
-
1f · All other contributions, gifts and grants
$7,657
-
3 · Investment income
total $20,149 · related or exempt $20,149
-
8a · Fundraising events: gross income
$858,650
-
8b · Fundraising events: direct expenses
$543,253
-
8c · Net income from fundraising events
total $315,397 · excluded $315,397
-
11a · Other revenue: Misc Income
total $24,433 · related or exempt $24,433
-
11e · Other revenue, total
$24,433
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $159,160 · program services $111,413 · management and general $47,747
-
9 · Other employee benefits
total $11,794 · program services $8,257 · management and general $3,537
-
10 · Payroll taxes
total $12,403 · program services $8,682 · management and general $3,721
-
11c · Fees: accounting
total $6,822 · program services $5,458 · management and general $1,364
-
11g · Fees: other
total $5,907 · management and general $5,907
-
12 · Advertising and promotion
total $8,936 · program services $8,936
-
13 · Office expenses
total $1,761 · program services $1,631 · management and general $130
-
16 · Occupancy
total $63,965 · program services $44,777 · management and general $19,188
-
17 · Travel
total $462 · program services $462
-
22 · Depreciation, depletion and amortization
total $607 · program services $607
-
23 · Insurance
total $4,585 · program services $2,292 · management and general $2,293
-
24a · Other expenses: Bank Service Charges
total $18,055 · program services $3,820 · management and general $14,235
-
24b · Other expenses: Donations
total $12,376 · management and general $12,376
-
24c · Other expenses: Consultants
total $66,528 · program services $66,528
-
24e · All other expenses
total $49,055 · program services $49,049 · management and general $6
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $718,219 · end of year $680,955
-
2 · Savings and temporary cash investments
beginning of year $163,728 · end of year $88,464
-
9 · Prepaid expenses and deferred charges
beginning of year $7,410 · end of year $7,410
-
10a · Land, buildings and equipment: cost or other basis
$21,735
-
10b · Land, buildings and equipment: accumulated depreciation
$19,591
-
10c · Land, buildings and equipment, net
beginning of year $2,751 · end of year $2,144
-
12 · Investments: other securities
beginning of year $993,879 · end of year $1,005,338
-
15 · Other assets
beginning of year $156,835 · end of year $260,961
-
31 · Retained earnings, endowment or other funds
beginning of year $2,042,822 · end of year $2,045,272
Mission and programs · 2022
Mission
Business Advocacy
-
Promotion of business - industrial trade and econo-political issuesaffecting African-American business in the greater Los Angeles County area.
Expenses $311,912
As filed on the 2022 return.
Listed in Part VII
-
Angela Gibson Shaw
President
- Total calculated
- $46,000
- From this org
- $46,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Pamela Alexander
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Stevens
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tene C Bonds
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Cameron Onumah
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
DuVon Davis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Celeste Alleyne
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chanel Frampton
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Abdi Ahmed
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jessica Davis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jamila Veasley
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Clifton L Johnson
Boardmember
- Total calculated
- $0
- Hours/week
- 1
-
Naomi Scott
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ronald A Lowe
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Gene Hale
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Jamarah Hayner
Vice Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Anthony Holland
Vice President
- Total calculated
- $0
- Hours/week
- 3
-
Lily Otieno
Treasurer
- Total calculated
- $0
- Hours/week
- 3
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302099349300100
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