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Nonprofiteer
← CALIFORNIA INDUSTRY EDUCATION INSTITUTE

Form 990 for tax year 2022

Filed by CALIFORNIA INDUSTRY EDUCATION INSTITUTE.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Mission and programs · 2022

Mission

THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE, WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY.

Activities or mission (Part I)

DEVELOPING PROGRAMS WITH CALIFORNIA COLLEGES.

  • EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE, WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGH LOS ANGELES COUNTY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN CHEUNG

    PRESIDENT AND COO

    Total calculated
    $357,269
    From this org
    $0
    From related orgs
    $318,425
    Other
    $38,844
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,229 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $196 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $20,544 related
    Filer's total
    $0 + $357,269 related

  • WILLIAM C ALLEN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $528,778
    From this org
    $0
    From related orgs
    $490,196
    Other
    $38,582
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,000 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $196 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $20,282 related
    Filer's total
    $0 + $528,778 related

  • KENDAL R TURNER

    EXEC. VICE PRES./CFO

    Total calculated
    $288,947
    From this org
    $0
    From related orgs
    $255,467
    Other
    $33,480
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,271 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $196 related
    Deferred
    $0 + $12,441 related
    Nontaxable benefits
    $0 + $21,039 related
    Filer's total
    $0 + $288,947 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

None.

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 3
THE ORGANIZATION'S CEO IS COMPENSATED BY A RELATED ORGANIZATION, ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY (LAEDC), WHERE HE SERVES AS THE PRESIDENT/CEO. LAEDC'S BOARD HAS A PROCESS FOR REVIEWING AND APPROVING THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES ON A REGULAR BASIS TO DETERMINE IT IS FAIR AND REASONABLE WITH THE GOAL OF RETAINING EMPLOYEES AT COMPENSATION LEVELS WITHIN APPROPRIATE MARKET VALUE. THE PROCESS FOR DETERMINING THE COMPENSATION PAID TO MR. ALLEN INCLUDES THE APPROVAL OF THE COMPENSATION ARRANGEMENT IN ADVANCE, WITH ALL PERSONS WITH A CONFLICT OF INTEREST ABSTAINING FROM THE DELIBERATION AND DISCUSSION OF THE TRANSACTION. THE BOARD OF DIRECTORS REVIEWS DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES AT SIMILARLY SITUATED ENTITIES. THE DOCUMENTATION IN THE BOARD MINUTES INCLUDES THE TERMS OF THE TRANSACTION AND THE DATE OF APPROVAL, THE MEMBERS WHO WERE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, A DESCRIPTION OF THE COMPARABLE DATA AND HOW IT WAS OBTAINED, AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349309301

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