Form 990 for tax year 2023
Filed by VALLEY INDUSTRY & COMMERCE ASSOC WARNER CENTER PLAZA 1.
Totals
- Total revenue
- $1,360,772
- Total expenses
- $1,621,749
- Contributions and grants received
- $533,759
- Grants paid
- $0
- Program service revenue
- $826,513
- Investment income
- $500
- Other revenue
- $0
- Total assets, end of year
- $263,309
- Total liabilities, end of year
- $145,998
- Net assets or fund balances, end of year
- $117,311
- Program services expenses (Part IX)
- $529,098
- Management and general expenses
- $1,092,651
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $529,098
Program services were 32.6% 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
$533,759
-
2a · Program service revenue: LUNCHEONS/OTHER EVENTS
total $217,856 · related or exempt $217,856
-
2b · Program service revenue: STATE DINNER
total $153,238 · related or exempt $153,238
-
2c · Program service revenue: BUSINESS FORECAST CONF
total $112,767 · related or exempt $112,767
-
2d · Program service revenue: ANNUAL MEETING
total $76,976 · related or exempt $76,976
-
2e · Program service revenue: HALL OF FAME DINNER
total $76,769 · related or exempt $76,769
-
2f · All other program service revenue
total $188,907 · related or exempt $188,907
-
3 · Investment income
total $500 · excluded $500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $312,502 · management and general $312,502
-
7 · Other salaries and wages
total $283,309 · management and general $283,309
-
9 · Other employee benefits
total $39,584 · management and general $39,584
-
10 · Payroll taxes
total $44,114 · management and general $44,114
-
11g · Fees: other
total $60,191 · management and general $60,191
-
12 · Advertising and promotion
total $6,984 · management and general $6,984
-
13 · Office expenses
total $14,029 · management and general $14,029
-
14 · Information technology
total $41,214 · management and general $41,214
-
16 · Occupancy
total $101,660 · management and general $101,660
-
17 · Travel
total $3,873 · management and general $3,873
-
19 · Conferences, conventions and meetings
total $11,279 · management and general $11,279
-
20 · Interest
total $9,563 · management and general $9,563
-
22 · Depreciation, depletion and amortization
total $3,438 · management and general $3,438
-
23 · Insurance
total $75,912 · management and general $75,912
-
24a · Other expenses: BUSINESS FORECAST CONFE
total $104,950 · program services $104,950
-
24b · Other expenses: HALL OF FAME DINNER
total $93,730 · program services $93,730
-
24c · Other expenses: STATE DINNER
total $67,596 · program services $67,596
-
24d · Other expenses: LOCAL LUNCHEON
total $61,914 · program services $61,914
-
24e · All other expenses
total $285,907 · program services $200,908 · management and general $84,999
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $340,553 · end of year $244,207
-
9 · Prepaid expenses and deferred charges
beginning of year $169,845 · end of year $9,816
-
10a · Land, buildings and equipment: cost or other basis
$153,107
-
10b · Land, buildings and equipment: accumulated depreciation
$143,821
-
10c · Land, buildings and equipment, net
beginning of year $12,724 · end of year $9,286
-
25 · Other liabilities
beginning of year $144,834 · end of year $145,998
-
27 · Net assets without donor restrictions
beginning of year $378,288 · end of year $117,311
Mission and programs · 2023
Mission
THE MISSION OF THE VALLEY INDUSTRY & COMMERCE ASSOCIATION IS TO ENHANCE THE ECONOMIC VITALITY OF THE GREATER SAN FERNANDO VALLEY REGION BY ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE.
-
THE VICA BUSINESS FORECAST CONFERENCE IS A UNIQUE OPPORTUNITY FOR THE VALLEY'S BUSINESS COMMUNITY TO INFLUENCE THE LEGISLATIVE PROCESS IN ORDER TO PROMOTE VICA'S MISSION OF ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE. IT IS ALSO AN OPPORTUNITY FOR VICA MEMBERS AND OTHER BUSINESS LEADERS TO LEARN ABOUT PUBLIC POLICY ISSUES THAT DIRECTLY IMPACT THE BUSINESS CLIMATE. THE CONFERENCE ALSO SERVES AS THE PLACE FOR AN ECONOMIC FORECAST AT THE NATIONAL, STATE AND LOCAL LEVELS. THE CONFERENCE ATTENDEES LOOK AT TREND PROJECTIONS TO SEE WHERE THE VALLEY CAN EXPECT THE ECONOMY TO BE IN THE NEXT YEAR. THE CONFERENCE FOCUSES ON ISSUES SUCH AS WORKFORCE EDUCATION, MOBILITY, CLIMATE CHANGE, LAND USE, LOBBYING AND THE WAY UPCOMING ELECTIONS WOULD IMPACT THE BUSINESS CLIMATE.
Expenses $104,950 · Revenue $112,767
-
THE VICA SAN FERNANDO HALL OF FAME DINNER IS AN OPPORTUNITY TO PROMOTE OUR MISSION OF A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE, BY HIGHLIGHTING THE DISTINGUISHED SET OF BUSINESSES AND BUSINESS LEADERS WHO ALSO BELIEVE IN THE MISSION OF VICA TO PROMOTE A BETTER BUSINESS CLIMATE AND LIFE. THIS EVENT CELEBRATES THE SAN FERNANDO VALLEY'S UNIQUE BUSINESS COMMUNITY AND FORMALLY RECOGNIZE THOSE ENTITIES AND INDIVIDUALS THAT HAVE MADE THE VALLEY WHAT IT IS TODAY - A VIBRANT AND DIVERSE PLACE TO RUN A BUSINESS AND RAISE A FAMILY. THIS EVENT CELEBRATES THE ECONOMIC VITALITY OF THE VALLEY, PROMOTES CHANGE AND A WAY TO CHERISH THOSE WHO HAVE ALREADY FORGED AHEAD TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK.
Expenses $93,730 · Revenue $76,769
-
THE VICA ANNUAL MEETING WORKS TO HELP PROMOTE VICA'S MISSION AS WELL AS TO SERVE A REQUIREMENT OF VICA'S BY-LAWS. THE ANNUAL MEETING SERVES AS THE FINAL BOARD MEETING OF THE YEAR AND PROVIDES THE LOCATION FOR THE ELECTION OF THE NEXT YEAR'S BOARD OF DIRECTORS AND OFFICERS. INDIVIDUALS WHO HAVE MADE A DIFFERENCE BOTH AT VICA AND IN THE COMMUNITY, AND A COMPANY WHICH HAS SHOWN EXCELLENCE IN TRYING TO MAKE THE COMMUNITY A BETTER PLACE TO LIVE ARE HONORED DURING THIS MEETING. THE FINAL PORTION OF THE EVENT GIVES VICA'S MEMBERS THE OPPORTUNITY TO HEAR FROM HIGH RANKING STATE OFFICIALS ON WHAT THEY THINK OF THE BUSINESS CLIMATE.
Expenses $45,285 · Revenue $76,976
-
ALL OTHER PROGRAM SERVICES - BREAKFASTS, LUNCHEONS, CONFERENCES AND OTHER EVENTS.
Expenses $285,133 · Revenue $560,001
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Samona CaldwellSAMONA CALDWELL
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Christine AghassiCHRISTINE AGHASSI
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Mark DavisMARK DAVIS
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Fred GainesFRED GAINES
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Sandra CorralSANDRA CORRAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lisa GritznerLISA GRITZNER
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Robyn HinesROBYN HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David GoldbergDAVID GOLDBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Deane LeavenworthDEANE LEAVENWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Victor BerrellezVICTOR BERRELLEZ
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Barry CohnBARRY COHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David GershwinDAVID GERSHWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeff McConnellJEFF MCCONNELL
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Coby KingCOBY KING
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Ross PendergraftROSS PENDERGRAFT
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Ted MekuriaTED MEKURIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sandy SanchezSANDY SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Craig LallyCRAIG LALLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Josh GertlerJOSH GERTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Stephen SawyerSTEPHEN SAWYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Scott MillsSCOTT MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Layne LawsonLAYNE LAWSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Peter NadanPETER NADAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Joseph RamalloJOSEPH RAMALLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cameron OnumahCAMERON ONUMAH
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Francine OschinFRANCINE OSCHIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa PitneyLISA PITNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jack RubensJACK RUBENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael RabinMICHAEL RABIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Brad RosenheimBRAD ROSENHEIM
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Lupita Sanchez CornejoLUPITA SANCHEZ CORNEJO
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Matthew SwearmanMATTHEW SWEARMAN
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Philip SokoloskiPHILIP SOKOLOSKI
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Sarah SheehySARAH SHEEHY
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Ross HopkinsROSS HOPKINS
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Clay LacyCLAY LACY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Steve LewSTEVE LEW
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Greg LippeGREG LIPPE
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Jessica MauseJESSICA MAUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mark VetterMARK VETTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sanford ParisSANFORD PARIS
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Andrew SisolakANDREW SISOLAK
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Ruben ZaragozaRUBEN ZARAGOZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Walter MosherWALTER MOSHER
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Stuart SolomonSTUART SOLOMON
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Derrick AlatorreDERRICK ALATORRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Maria CamachoMARIA CAMACHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Barry GribbonsBARRY GRIBBONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Winston StrombergWINSTON STROMBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James TheiringJAMES THEIRING
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Pegi MatsudaPEGI MATSUDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmen BowenCARMEN BOWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert BrownROBERT BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Roslyn DahlROSLYN DAHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Armando FloresARMANDO FLORES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Pamela MarcelloPAMELA MARCELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carlo PorcelliCARLO PORCELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Eileen RyderEILEEN RYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Darnell TylerDARNELL TYLER
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Francisco UribeFRANCISCO URIBE
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Kristen WesleyKRISTEN WESLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carmen ZambranoCARMEN ZAMBRANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Pamela BergPAMELA BERG
EXECUTIVE CMTE
- Total calculated
- $0
- Hours/week
- 2
-
Mark DierkingMARK DIERKING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Susanne PassantinoSUSANNE PASSANTINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Melinda Ramos-AlatorreMELINDA RAMOS-ALATORRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Miri RossittoMIRI ROSSITTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Murtaza SanwariMURTAZA SANWARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Liz SeelmanLIZ SEELMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tina ShabanianTINA SHABANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kevin TamakiKEVIN TAMAKI
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Roberto BarraganROBERTO BARRAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Matthew BuckMATTHEW BUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jordan DukeJORDAN DUKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James GarrisonJAMES GARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Maricela GomezMARICELA GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Paul HerreraPAUL HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gabriel HungerfordGABRIEL HUNGERFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chris McCallCHRIS MCCALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James McNeilJAMES MCNEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Shefali MistrySHEFALI MISTRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Armida OrnelasARMIDA ORNELAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeff SaulsJEFF SAULS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Carissa SmithCARISSA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Alfonso TorresALFONSO TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Elnie VannatimELNIE VANNATIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Francisco Villagomez-LunaFRANCISCO VILLAGOMEZ-LUNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Terry WalkerTERRY WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Stuart WaldmanSTUART WALDMAN
PRESIDENT/CEO
- Total calculated
- $193,038
- From this org
- $188,433
- From related orgs
- $0
- Other
- $4,605
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,433
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $4,605
- Filer's total
- $193,038
-
Jessica YasukochiJESSICA YASUKOCHI
VICE PRESIDENT
- Total calculated
- $124,069
- From this org
- $124,069
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202441939349301424
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