← LOS ANGELES COUNTY BUSINESS FEDERATION

Form 990 for tax year 2022

Filed by LOS ANGELES COUNTY BUSINESS FEDERATION.

Totals

Total revenue: $2,261,970
Total expenses: $2,287,002
Contributions and grants received: $2,261,970
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $630,582
Total liabilities, end of year: $1,063,487
Net assets or fund balances, end of year: -$432,905
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $0

Program services were 0.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$1,541,822
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$9,000
1f · All other contributions, gifts and grants

$711,148
1g · Noncash contributions included above

$0
2a · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $1,034,984 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $50,808 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $68,057 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $154,000 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $18,093 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $38,000 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $625,500 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $20,072 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $2,334 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $57,045 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $77,098 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $13,026 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $79,038 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $3,612 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $16,101 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Telephone and communication

total $12,379 · program services $0 · management and general $0 · fundraising $0
24b · Other expenses: Postage and delivery

total $305 · program services $0 · management and general $0 · fundraising $0
24c · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
24d · Other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $16,550 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $322,905 · end of year $342,431
2 · Savings and temporary cash investments

beginning of year $167,150 · end of year $162,154
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $29,472 · end of year $10,544
10a · Land, buildings and equipment: cost or other basis

$26,033
10b · Land, buildings and equipment: accumulated depreciation

$15,381
10c · Land, buildings and equipment, net

beginning of year $7,973 · end of year $10,652
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $104,801
17 · Accounts payable and accrued expenses

beginning of year $52,497 · end of year $63,923
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $882,876 · end of year $890,817
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $108,747
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year -$407,873 · end of year -$432,905

Mission and programs · 2022

Mission

See Schedule O.

Activities or mission (Part I)

To organize educate and mobilize business leaders to be catalysts for a stronger economy in Los Angeles County.

None.
None.
None.

As filed on the 2022 return.

Listed in Part VII

David Englin

President

Total calculated

$246,750

From this org

$246,750

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$203,750

Bonus

$43,000

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$246,750
Sarkis Kotanjian

Vice President of Development

Total calculated

$145,655

From this org

$145,655

From related orgs

$0

Other

$0

Hours/week

40
Sarah Wiltfong

Director of Policy and Advocacy

Total calculated

$128,083

From this org

$128,083

From related orgs

$0

Other

$0

Hours/week

40
Julia Deng

Communications Director

Total calculated

$108,501

From this org

$108,501

From related orgs

$0

Other

$0

Hours/week

40
Brissa Sotelo- Vargas

Board Chair

Total calculated

$0

Hours/week

0
John Musella

Chair Elect

Total calculated

$0

Hours/week

0
Donna Duperron

Immediate Past Chair

Total calculated

$0

Hours/week

0
Jeremy Harris

Vice Chair

Total calculated

$0

Hours/week

0
Peter Hidalgo

Vice Chair

Total calculated

$0

Hours/week

0
Trini Jimenez

Vice Chair

Total calculated

$0

Hours/week

0
Rachel Michelin

Vice Chair

Total calculated

$0

Hours/week

0
Heather Rozman

Vice Chair

Total calculated

$0

Hours/week

0
Patty Senecal

Vice Chair

Total calculated

$0

Hours/week

0
Sandy Sanchez

Secretary

Total calculated

$0

Hours/week

0
Ryan Ole Haas

Operations Treasurer

Total calculated

$0

Hours/week

0
Mary Rosas

Operations Treasurer

Total calculated

$0

Hours/week

0
David Fleming

Founding Chair

Total calculated

$0

Hours/week

0
Robert Arnold

Director

Total calculated

$0

Hours/week

0
Ruzbeh Farahanipour

Director

Total calculated

$0

Hours/week

0
Mark Wilbur

Director

Total calculated

$0

Hours/week

0
Angela Gibson-Shaw

Director

Total calculated

$0

Hours/week

0
Ed Manning

Director

Total calculated

$0

Hours/week

0
Don Polese

Director

Total calculated

$0

Hours/week

0
Ali Sahabi

Director

Total calculated

$0

Hours/week

0
Yvette Estrada

Director

Total calculated

$0

Hours/week

0
Lupita Sanchez Cornejo

Director

Total calculated

$0

Hours/week

0
Fran Inman

Director

Total calculated

$0

Hours/week

0
Matt Schrap

Director

Total calculated

$0

Hours/week

0
Betsy Brien

Director

Total calculated

$0

Hours/week

0
Scott Weaver

Director

Total calculated

$0

Hours/week

0
Peter Whittingham

Director

Total calculated

$0

Hours/week

0
Clint Carlton

Director

Total calculated

$0

Hours/week

0
Marianne Haver Hill

Director

Total calculated

$0

Hours/week

0
Robb Korinke

Director

Total calculated

$0

Hours/week

0
Pam O'Connor

Director

Total calculated

$0

Hours/week

0
Dulce Vasquez

Director

Total calculated

$0

Hours/week

0
Blair Besten

Director

Total calculated

$0

Hours/week

0
Colin Diaz

Director

Total calculated

$0

Hours/week

0
Mike Lewis

Director

Total calculated

$0

Hours/week

0
Genevieve Morrill

Director

Total calculated

$0

Hours/week

0
Nancy Hoffman Vanyek

Director

Total calculated

$0

Hours/week

0
Alan Caldwell

Director

Total calculated

$0

Hours/week

0
Frank Girardot

Director

Total calculated

$0

Hours/week

0
Frank Lopez

Director

Total calculated

$0

Hours/week

0
Joseph Hower

Director

Total calculated

$0

Hours/week

0
Thomas Wong

Director

Total calculated

$0

Hours/week

0
Ellen Zaman

Director

Total calculated

$0

Hours/week

0
Floreine Kahn

Director

Total calculated

$0

Hours/week

0
Debbie Corlin

Director

Total calculated

$0

Hours/week

0
Stephanie Hsieh

Director

Total calculated

$0

Hours/week

0
David Juarez

Director

Total calculated

$0

Hours/week

0
Elise Swanson

Director

Total calculated

$0

Hours/week

0
Julian Canete

Director

Total calculated

$0

Hours/week

0
Schenae Rourk

Director

Total calculated

$0

Hours/week

0
David Nelson

Director

Total calculated

$0

Hours/week

0
Rachel Freeman

Director

Total calculated

$0

Hours/week

0
Jennifer Hernandez

Director

Total calculated

$0

Hours/week

0
Jeff Montejano

Director

Total calculated

$0

Hours/week

0
Aaron Taxy

Director

Total calculated

$0

Hours/week

0
Fred Sutton

Director

Total calculated

$0

Hours/week

0
Julie Tomanpos

Director

Total calculated

$0

Hours/week

0
Joanne McClaskey

Director

Total calculated

$0

Hours/week

0
John Kobateck

Director

Total calculated

$0

Hours/week

0
Matt Klink

Director

Total calculated

$0

Hours/week

0
Tom Ross

Director

Total calculated

$0

Hours/week

0
Holly Schroeder

Director

Total calculated

$0

Hours/week

0
Javier Gonzalez

Director

Total calculated

$0

Hours/week

0
Ted Green

Director

Total calculated

$0

Hours/week

0
Kristine Guerrero

Director

Total calculated

$0

Hours/week

0
Mark Henderson

Director

Total calculated

$0

Hours/week

0
Rex Knowles

Director

Total calculated

$0

Hours/week

0
Sharon Evans

Director

Total calculated

$0

Hours/week

0
David Grannis

Director

Total calculated

$0

Hours/week

0
Yoko Igawa

Director

Total calculated

$0

Hours/week

0
Hilary Norton

Director

Total calculated

$0

Hours/week

0
Charley Wilson

Director

Total calculated

$0

Hours/week

0
Courtney Degener

Director

Total calculated

$0

Hours/week

0
Gloria Gray

Director

Total calculated

$0

Hours/week

0
John Heintz

Director

Total calculated

$0

Hours/week

0
Jon Switalski

Director

Total calculated

$0

Hours/week

0

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 · 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

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.

BizFed Institute

501(C)(3) · Public education and information. · CA
BizFed PAC

N/A · Local candidate and advocacy · CA

Provenance

Return type: form_990
Tax year: 2022
Filed: 26 September 2023
IRS schema version: 2022v5.0
Source object: 202312699349300301

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