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Nonprofiteer
← CALIFORNIA FOUNDATION FOR COMMERCE AND EDUCATION

Form 990 for tax year 2023

Filed by CALIFORNIA FOUNDATION FOR COMMERCE AND EDUCATION.

Totals

Total revenue
$585,503
Total expenses
$269,318
Contributions and grants received
$470,500
Grants paid
$0
Program service revenue
$115,000
Investment income
$3
Other revenue
$0
Total assets, end of year
$424,452
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$424,452
Program services expenses (Part IX)
$266,391
Management and general expenses
$2,927
Fundraising expenses
$0
Program service expenses (Part III)
$266,391

Program services were 98.9% 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.

  • 1f · All other contributions, gifts and grants

    $470,500

  • 2a · Program service revenue: CONSULTING SERVICES

    total $115,000 · related or exempt $115,000

  • 3 · Investment income

    total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $147 · management and general $147

  • 11c · Fees: accounting

    total $2,050 · management and general $2,050

  • 11g · Fees: other

    total $265,905 · program services $265,905

  • 13 · Office expenses

    total $664 · program services $486 · management and general $178

  • 24a · Other expenses: CREDIT CARD DISCOUNT FE

    total $552 · management and general $552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,090 · end of year $394,272

  • 2 · Savings and temporary cash investments

    beginning of year $30,177 · end of year $30,180

  • 27 · Net assets without donor restrictions

    beginning of year $19,427 · end of year $6,162

  • 28 · Net assets with donor restrictions

    beginning of year $88,840 · end of year $418,290

Mission and programs · 2023

Mission

THE ORGANIZATION CARRIES OUT ITS EXEMPT PURPOSE BY EDUCATING THE PUBLIC AND POLICYMAKERS ON PRIVATE ENTERPRISE AND A STRONG ECONOMIC BASE; IMPARTIAL AND OBJECTIVE RESEARCH AND ANALYSIS OF PUBLIC POLICY ISSUES; EDUCATION AND OUTREACH EFFORTS IN SUPPORT OF RESEARCH AND PUBLIC POLICY FINDINGS AND RECOMMENDATIONS.

Activities or mission (Part I)

THE ORGANIZATION CARRIES OUT ITS EXEMPT PURPOSE BY EDUCATING THE PUBLIC AND POLICYMAKERS ON PRIVATE ENTERPRISE AND A STRONG ECONOMIC BASE.

  • TECHNOLOGY POLICY RESEARCH: RESEARCH AND ANALYSIS OF THE IMPACT OF ANTITRUST LEGISLATION ON THE DEVELOPMENT OF NEW TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE.

    Expenses $119,641

  • KAISER CAPITOL IMPACT: PROVIDE SUPPORT FOR THE IMPLEMENTATION OF THE PROMISE TO CAREER CONSTRUCTION SCHOLARSHIP PROGRAM AT LOS RIOS COMMUNITY COLLEGE DISTRICT, THE PREFERRED TALENT PROVIDER THAT SERVES THE HEALTH CARE CONSTRUCTION COLLABORATIVES PRIORITY POPULATIONS. THE SCHOLARSHIP HAS SUPPORTED MORE THAN 50 INDIVIDUALS SINCE ITS INCEPTION.

    Expenses $111,250 · Revenue $115,000

  • ENVIRONMENT & PANDEMIC RESEARCH: SURVEY RESEARCH AND ANALYSIS OF PROPOSALS TO RAISE UPPER-EARNER INCOME TAXES TO SUPPORT A VARIETY OF PROGRAMS, SUCH AS ELECTRIC VEHICLE DEPLOYMENT AND PANDEMIC RESEARCH AND PREPARATION.

    Expenses $17,469

  • USCCF YOUTH EMPLOYMENT: PARTICIPATION IN THE US CHAMBER OF COMMERCE YOUTH EMPLOYMENT NETWORK, WORK AND COORDINATE WITH CALIFORNIA BUSINESSES TO PROVIDE WORK-BASED LEARNING EXPERIENCES FOR YOUNG PEOPLE.

    Expenses $2,995

  • UNEMPLOYMENT INSURANCE STUDY: RESEARCHED FEDERAL UNEMPLOYMENT INSURANCE LAW, CALIFORNIA'S DETERMINATION OF ELIGIBILITY FOR UNEMPLOYMENT, AND DEVELOPED A REPORT ADDRESSING BEST PRACTICES NECESSARY FOR CALIFORNIA'S UI FUND TO AVOID FRAUD, AND IDENTITY THEFT AND ADDRESS THE RISK OF INSOLVENCY.

    Expenses $15,500

  • QUALITY EDUCATION RESEARCH: PROVIDED SUPPORT AND OVERSIGHT FOR SURVEY RESEARCH, LEGAL DRAFTING, AND COMMUNITY OUTREACH ON ISSUES OF PROVIDING A CONSTITUTIONAL RIGHT FOR A HIGH-QUALITY EDUCATION TO PUBLIC SCHOOL STUDENTS.

    Expenses -$909

  • HISPANIC RESEARCH PROJECT: CONDUCT SURVEY RESEARCH OF CALIFORNIANS ON ISSUES OF INTEREST TO BUSINESS LEADERS STATEWIDE AND AMONG HISPANIC BUSINESS OWNERS AND LEADERS IN PARTICULAR.

    Expenses $445

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Wasylkiw

    SECRETARY

    Total calculated
    $239,526
    From this org
    $0
    From related orgs
    $217,273
    Other
    $22,253
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,690 related
    Bonus
    $0 + $15,583 related
    Other
    $0
    Deferred
    $0 + $17,743 related
    Nontaxable benefits
    $0 + $4,510 related
    Filer's total
    $0 + $239,526 related
  • Gregory Bielli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Janet Liang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Maryam Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • John Stowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Susan Corralez-Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • John Boyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Stuart Woolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Kailesh Karavadra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Sima Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Donna Lucas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1 related
  • Jennifer Barrera

    DIRECTOR

    Total calculated
    $957,673
    From this org
    $0
    From related orgs
    $891,735
    Other
    $65,938
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $683,160 related
    Bonus
    $0 + $208,575 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $39,538 related
    Filer's total
    $0 + $957,673 related
  • Loren Kaye

    PRESIDENT

    Total calculated
    $412,658
    From this org
    $0
    From related orgs
    $340,777
    Other
    $71,881
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,364 related
    Bonus
    $0 + $32,413 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $45,481 related
    Filer's total
    $0 + $412,658 related
  • Ana Gretel Tortolani

    TREASURER

    Total calculated
    $409,101
    From this org
    $0
    From related orgs
    $363,107
    Other
    $45,994
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,662 related
    Bonus
    $0 + $32,445 related
    Other
    $0
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $19,594 related
    Filer's total
    $0 + $409,101 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

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
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403119349301935

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