Form 990 for tax year 2023
Filed by LOS ANGELES AREA CHAMBER OF COMMERCE.
Totals
- Total revenue
- $7,153,681
- Total expenses
- $8,079,834
- Contributions and grants received
- $1,050,050
- Grants paid
- $0
- Program service revenue
- $4,221,293
- Investment income
- $1,869
- Other revenue
- $1,880,469
- Total assets, end of year
- $5,727,902
- Total liabilities, end of year
- $3,876,080
- Net assets or fund balances, end of year
- $1,851,822
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1e · Government grants (contributions)
$1,050,050
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,938,827 · related or exempt $1,938,827
-
2b · Program service revenue: BOARD DUES
total $1,613,500 · related or exempt $1,613,500
-
2c · Program service revenue: MEMBER SERVICES
total $494,745 · related or exempt $494,745
-
2d · Program service revenue: ACTIVITIES AND EVENTS REVENUE
total $161,756 · related or exempt $161,756
-
2e · Program service revenue: PUBLICATIONS
total $12,465 · unrelated business $12,465
-
3 · Investment income
total $955 · excluded $955
-
6a · Gross rents
real property $750,297
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $750,297
-
6d · Net rental income or loss
total $750,297 · unrelated business $120,152 · excluded $630,145
-
7a · Gross sales of assets other than inventory
securities $131,383
-
7b · Less cost or other basis and sales expenses
securities $130,469
-
7c · Gain or loss
securities $914
-
7d · Net gain or loss
total $914 · excluded $914
-
8a · Fundraising events: gross income
$974,100
-
8b · Fundraising events: direct expenses
$639,492
-
8c · Net income from fundraising events
total $334,608 · excluded $334,608
-
11a · Other revenue: SPONSORSHIP
total $795,564 · excluded $795,564
-
11e · Other revenue, total
$795,564
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,528,321
-
7 · Other salaries and wages
total $1,887,479
-
8 · Pension plan contributions
total $58,365
-
9 · Other employee benefits
total $254,350
-
10 · Payroll taxes
total $225,230
-
11b · Fees: legal
total $10,167
-
11c · Fees: accounting
total $121,089
-
11d · Fees: lobbying
total $110,500
-
11g · Fees: other
total $677,671
-
13 · Office expenses
total $217,336
-
14 · Information technology
total $61,924
-
16 · Occupancy
total $573,995
-
17 · Travel
total $64,395
-
19 · Conferences, conventions and meetings
total $69,680
-
20 · Interest
total $134,653
-
22 · Depreciation, depletion and amortization
total $284,746
-
23 · Insurance
total $115,818
-
24a · Other expenses: PROGRAM EVENT EXPENSES
total $711,427
-
24b · Other expenses: DIGITAL SUPPORT
total $533,268
-
24c · Other expenses: DUES & SUBSCRIPTION
total $222,972
-
24d · Other expenses: TEMPORARY HELP
total $75,947
-
24e · All other expenses
total $140,501
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $603,756 · end of year $279,345
-
4 · Accounts receivable
beginning of year $903,993 · end of year $810,429
-
9 · Prepaid expenses and deferred charges
beginning of year $252,052 · end of year $290,862
-
10a · Land, buildings and equipment: cost or other basis
$9,912,200
-
10b · Land, buildings and equipment: accumulated depreciation
$6,174,973
-
10c · Land, buildings and equipment, net
beginning of year $3,649,845 · end of year $3,737,227
-
11 · Investments: publicly traded securities
beginning of year $378,539 · end of year $262,317
-
15 · Other assets
beginning of year $437,911 · end of year $347,722
-
17 · Accounts payable and accrued expenses
beginning of year $982,283 · end of year $732,026
-
19 · Deferred revenue
beginning of year $1,381,124 · end of year $1,490,929
-
23 · Secured mortgages and notes payable
beginning of year $1,084,477 · end of year $1,653,125
-
27 · Net assets without donor restrictions
beginning of year $2,778,212 · end of year $1,851,822
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
CHAMBER'S MISSION: DESIGN AND ADVANCE OPPORTUNITIES AND SOLUTIONS FOR A THRIVING REGIONAL ECONOMY THAT ARE INCLUSIVE AND GLOBALLY COMPETITIVE. 1) ADVOCACY - BE A BOLD ADVOCATE FOR BUSINESS AS A DRIVER OF A STRONG ECONOMY THAT ENABLES PROSPERITY FOR ALL. 2) GLOBAL ENGAGEMENT - ADVANCE LOS ANGELES' ROLE AS A POWERFUL AND DYNAMIC REGION INTEGRAL TO THE GLOBAL ECONOMY. 3) COMMUNITY COLLABORATIONS FOR LOCAL AND REGIONAL ECONOMIC GROWTH AND MOBILITY - ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY.
Activities or mission (Part I)
CHAMBER'S VISION: A THRIVING REGION FOR ALL
-
CHAMBER SERVES MORE THAN 1,000 MEMBERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AG SPANOS
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
ALAN ROTHENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ANDY PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
AUGUSTAVIA AUGIE J HAYDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BRANDON YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BRISSA SOTELO-VARGAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHARLENE DIMAS-PEINADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DANA DEBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ERIN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
EUGENE GENE D SEROKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
FRAN INMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
FRANCISCO RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
FRANCISCO URIBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GEORGE PLA
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
GREGORY T GEYER
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JANET LAMKIN
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JAVIER CANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEFF WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEROLD B JERRY NEUMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOSE A HERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOSEPH CZYZYK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JUAN SALAZAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LARRY CHUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LISA PITNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LUPITA SANCHEZ-CORNEJO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARIA SALINAS
PRESIDENT & CEO
- Total calculated
- $701,311
- From this org
- $670,000
- From related orgs
- $0
- Other
- $31,311
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $575,000
- Bonus
- $95,000
- Other
- $0
- Deferred
- $20,052
- Nontaxable benefits
- $11,259
- Filer's total
- $701,311
-
MARIO CORDERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARK LOUCHHEIM
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
MARTIN MARTY HODGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MAUREEN KINDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MICHAEL OCHOA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MICHELE RUIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MICHELLE GASKILL-HAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
NICOLE J SIMONIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PHILIP R RECHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PHILLIP TATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RANDAL J HERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAUL A ANAYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
STEPHEN FINNEGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
STEVE NISSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SUNNY REELHORN PARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TAYLOR HATHAWAY-ZEPEDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TODD WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WAYNE FEUERBORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WHITNEY O'NEILL-ENGLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOHN TANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARTIN BREIDSPRECHER
CHIEF OPERATING OFFICER
- Total calculated
- $357,983
- From this org
- $322,545
- From related orgs
- $0
- Other
- $35,438
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $277,545
- Bonus
- $45,000
- Other
- $0
- Deferred
- $10,023
- Nontaxable benefits
- $25,415
- Filer's total
- $357,983
-
PATRICIA BRUNO
CHIEF POLICY OFFICER
- Total calculated
- $233,661
- From this org
- $219,046
- From related orgs
- $0
- Other
- $14,615
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $209,046
- Bonus
- $10,000
- Other
- $0
- Deferred
- $6,576
- Nontaxable benefits
- $8,039
- Filer's total
- $233,661
-
ANDREA NUNN
SR VICE PRES OF INNOVATION & ENTREPRENUER
- Total calculated
- $235,366
- From this org
- $217,610
- From related orgs
- $0
- Other
- $17,756
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $217,610
- Bonus
- $0
- Other
- $0
- Deferred
- $6,497
- Nontaxable benefits
- $11,259
- Filer's total
- $235,366
-
KENNETH L WENGROD
VICE PRESIDENT OF GLOBAL TRADE
- Total calculated
- $155,340
- From this org
- $116,902
- From related orgs
- $0
- Other
- $38,438
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,902
- Bonus
- $0
- Other
- $0
- Deferred
- $3,450
- Nontaxable benefits
- $34,988
- Filer's total
- $155,340
-
PATRICIA VILLANUEVA
VICE PRESIDENT OF MEMBERSH
- Total calculated
- $151,728
- From this org
- $128,512
- From related orgs
- $0
- Other
- $23,216
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,512
- Bonus
- $0
- Other
- $0
- Deferred
- $3,890
- Nontaxable benefits
- $19,326
- Filer's total
- $151,728
-
PETER SAY SONG FOO
VICE PRESIDENT OF ENTREPRENEURSHIP & WFD
- Total calculated
- $144,869
- From this org
- $123,734
- From related orgs
- $0
- Other
- $21,135
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $123,734
- Bonus
- $0
- Other
- $0
- Deferred
- $3,906
- Nontaxable benefits
- $17,229
- Filer's total
- $144,869
-
SHANNON SMITH
VICE PRESIDENT OF MARKETIN
- Total calculated
- $172,084
- From this org
- $159,938
- From related orgs
- $0
- Other
- $12,146
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,938
- Bonus
- $0
- Other
- $0
- Deferred
- $4,787
- Nontaxable benefits
- $7,359
- Filer's total
- $172,084
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
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'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.
-
501(C)(3) · LA YOUTH AID · CA · controlled entity
Directly controlled by LOS ANGELES AREA CHAMBER OF COMMERCE
-
527 · PAC · CA · controlled entity
Directly controlled by LOS ANGELES AREA CHAMBER OF COMMERCE
-
LA JOBS ISSUES PAC SPONSORED BY LOS ANGELES AREA CHAMBER OF COMMERCE
527 · PAC · CA · controlled entity
Directly controlled by LOS ANGELES AREA CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349306073
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