2024-11-13T12:49:34-06:00 2023-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2023-01-01 950947860 LOS ANGELES AREA CHAMBER OF COMMERCE LOSA 2135807521 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 MARIA SALINAS PRESIDENT AND CEO 2135807521 2024-11-11 1 0 NANAZ BENYAMINI P00666808 3104773924 2024-11-11 2023 2024-10-15 13:58:12Z MARIA SALINAS 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 7923642 0 X WWW.LACHAMBER.ORG X 1968 CA CHAMBER'S VISION: A THRIVING REGION FOR ALL 46 44 46 165 132617 0 382136 1050050 3756505 4221293 5566 1869 1566325 1880469 5710532 7153681 0 0 0 0 3622057 3953745 0 0 0 2836251 4126089 6458308 8079834 -747776 -926153 6226096 5727902 3447884 3876080 2778212 1851822 X 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. 0 0 CHAMBER SERVES MORE THAN 1,000 MEMBERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION. 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 23 0 1 46 1 1 1 0 0 0 0 0 0 0 X 46 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X MARTIN BREIDSPRECHER 2135807520 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 AG SPANOS CHAIR 2.00 2.00 X X 0 0 0 ALAN ROTHENBERG DIRECTOR 1.00 1.00 X 0 0 0 ANDY PARK DIRECTOR 1.00 1.00 X 0 0 0 AUGUSTAVIA AUGIE J HAYDEL DIRECTOR 1.00 1.00 X 0 0 0 BRANDON YOUNG DIRECTOR 1.00 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 1.00 X 0 0 0 CHARLENE DIMAS-PEINADO DIRECTOR 1.00 1.00 X 0 0 0 DANA DEBEL DIRECTOR 1.00 1.00 X 0 0 0 ERIN SMITH DIRECTOR 1.00 1.00 X 0 0 0 EUGENE GENE D SEROKA DIRECTOR 1.00 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 1.00 X 0 0 0 FRANCISCO RODRIGUEZ DIRECTOR 1.00 1.00 X 0 0 0 FRANCISCO URIBE DIRECTOR 1.00 1.00 X 0 0 0 GEORGE PLA SECOND VICE CHAIR 2.00 2.00 X X 0 0 0 GREGORY T GEYER TREASURER 2.00 2.00 X X 0 0 0 JANET LAMKIN FIRST VICE CHAIR 2.00 2.00 X X 0 0 0 JAVIER CANO DIRECTOR 1.00 1.00 X 0 0 0 JEFF WILSON DIRECTOR 1.00 1.00 X 0 0 0 JEROLD B JERRY NEUMAN DIRECTOR 1.00 1.00 X 0 0 0 JOSE A HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 JOSEPH CZYZYK DIRECTOR 1.00 1.00 X 0 0 0 JUAN SALAZAR DIRECTOR 1.00 1.00 X 0 0 0 LARRY CHUNG DIRECTOR 1.00 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 1.00 X 0 0 0 LUPITA SANCHEZ-CORNEJO DIRECTOR 1.00 1.00 X 0 0 0 MARIA SALINAS PRESIDENT & CEO 40.00 3.00 X X 670000 0 31311 MARIO CORDERO DIRECTOR 1.00 1.00 X 0 0 0 MARK LOUCHHEIM IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 MARTIN MARTY HODGETT DIRECTOR 1.00 1.00 X 0 0 0 MAUREEN KINDEL DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL OCHOA DIRECTOR 1.00 1.00 X 0 0 0 MICHELE RUIZ DIRECTOR 1.00 1.00 X 0 0 0 MICHELLE GASKILL-HAMES DIRECTOR 1.00 1.00 X 0 0 0 NICOLE J SIMONIAN DIRECTOR 1.00 1.00 X 0 0 0 PHILIP R RECHT DIRECTOR 1.00 1.00 X 0 0 0 PHILLIP TATE DIRECTOR 1.00 1.00 X 0 0 0 RANDAL J HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 RAUL A ANAYA DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN FINNEGAN DIRECTOR 1.00 1.00 X 0 0 0 STEVE NISSEN DIRECTOR 1.00 1.00 X 0 0 0 SUNNY REELHORN PARR DIRECTOR 1.00 1.00 X 0 0 0 TAYLOR HATHAWAY-ZEPEDA DIRECTOR 1.00 1.00 X 0 0 0 TODD WILSON DIRECTOR 1.00 1.00 X 0 0 0 WAYNE FEUERBORN DIRECTOR 1.00 1.00 X 0 0 0 WHITNEY O'NEILL-ENGLANDER DIRECTOR 1.00 1.00 X 0 0 0 JOHN TANG DIRECTOR 1.00 1.00 X 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 40.00 3.00 X 322545 0 35438 PATRICIA BRUNO CHIEF POLICY OFFICER 40.00 0.00 X 219046 0 14615 ANDREA NUNN SR VICE PRES OF INNOVATION & ENTREPRENUER 0.00 40.00 X 217610 0 17756 KENNETH L WENGROD VICE PRESIDENT OF GLOBAL TRADE 40.00 0.00 X 116902 0 38438 PATRICIA VILLANUEVA VICE PRESIDENT OF MEMBERSH 40.00 0.00 X 128512 0 23216 PETER SAY SONG FOO VICE PRESIDENT OF ENTREPRENEURSHIP & WFD 0.00 40.00 X 123734 0 21135 SHANNON SMITH VICE PRESIDENT OF MARKETIN 40.00 0.00 X 159938 0 12146 1958287 0 194055 9 0 1 0 UNEARTH CAMPAIGNS LLC 555 CAPITOL MALL STE 640 SACRAMENTO CA 95814 CONSULTING: POLICY RELATIONS 511000 LEGENDS SPORTS LLC 1001 SOUTH STADIUM DRIVE INGLEWOOD CA 90301 CATERING 343833 2 1050050 1050050 MEMBERSHIP DUES 813910 1938827 1938827 BOARD DUES 813910 1613500 1613500 MEMBER SERVICES 813910 494745 494745 ACTIVITIES AND EVENTS REVENUE 813910 161756 161756 PUBLICATIONS 813910 12465 12465 4221293 955 955 750297 0 750297 750297 120152 630145 131383 130469 914 914 914 974100 639492 334608 334608 SPONSORSHIP 900099 795564 795564 795564 7153681 4208828 132617 1762186 1528321 1887479 58365 254350 225230 10167 121089 110500 677671 217336 61924 573995 64395 69680 134653 284746 115818 PROGRAM EVENT EXPENSES 711427 DIGITAL SUPPORT 533268 DUES & SUBSCRIPTION 222972 TEMPORARY HELP 75947 140501 8079834 603756 279345 903993 810429 252052 290862 9912200 6174973 3649845 3737227 378539 262317 437911 347722 6226096 5727902 982283 732026 1381124 1490929 1084477 1653125 3447884 3876080 X 2778212 1851822 0 0 2778212 1851822 6226096 5727902 -926153 -237 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 6100 0 0 0 1939646 97830 52582 150412 174568 -24156 SCHEDULE C, PART I-C: LA JOBS PAC IS SPONSORED BY THE LOS ANGELES AREA CHAMBER OF COMMERCE. WHILE THE LOS ANGELES AREA CHAMBER OF COMMERCE DOES NOT MAKE POLITICAL CONTRIBUTIONS TO THE LA JOBS PAC FROM ITS OWN FUNDS, IT RECEIVES PAYMENTS DIRECTLY FROM INDIVIDUALS AND/OR ENTITIES FOR THE PURPOSE OF DISTRIBUTION TO THE LA JOBS PAC. ALL SUCH FUNDS COLLECTED BY LOS ANGELES AREA CHAMBER OF COMMERCE DURING 2023 WERE DISTRIBUTED TO LA JOBS PAC. LA JOBS PAC REPORTED THIS INCOME AS POLITICAL CONTRIBUTIONS ON ITS OWN FILINGS. 1500000 1500000 3895538 2829858 1065680 2762953 1868224 894729 1753709 1476891 276818 3737227 RELATED PARTY LOAN RECEIVABLE 61112 CRM COST 286610 347722 X PART X, LINE 2: THE CHAMBER AND FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(6) AND 501(C)(3), RESPECTIVELY, AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. INAUGURAL DINNER 974100 974100 343833 277630 18029 974100 974100 343833 277630 18029 639492 334608 X 1 1 X X X X 0 0 0 MARIA SALINAS PRESIDENT & CEO 575000 0 95000 0 0 0 20052 0 11259 0 701311 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 277545 0 45000 0 0 0 10023 0 25415 0 357983 0 0 0 ANDREA NUNN SR VICE PRES OF INNOVATION & ENTREPR 217610 0 0 0 0 0 6497 0 11259 0 235366 0 0 0 PATRICIA BRUNO CHIEF POLICY OFFICER 209046 0 10000 0 0 0 6576 0 8039 0 233661 0 0 0 SHANNON SMITH VICE PRESIDENT OF MARKETIN 159938 0 0 0 0 0 4787 0 7359 0 172084 0 0 0 KENNETH L WENGROD VICE PRESIDENT OF GLOBAL TRADE 116902 0 0 0 0 0 3450 0 34988 0 155340 0 0 0 PATRICIA VILLANUEVA VICE PRESIDENT OF MEMBERSH 128512 0 0 0 0 0 3890 0 19326 0 151728 0 0 0 PETER SAY SONG FOO VICE PRESIDENT OF ENTREPRENEURSHIP & 123734 0 0 0 0 0 3906 0 17229 0 144869 0 0 0 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. LUPITA SANCHEZ-CORNEJO BOARD MEMBER 110500 BOARD MEMBER'S SPOUSE, JOSE CORNEJO, IS THE OWNER OF CORNEJO CONSULTING, WHICH PROVIDES LOBBYING SERVICES TO THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 1A WITH THE AMENDED AND RESTATED BYLAWS OF THE LOS ANGELES AREA CHAMBER OF COMMERCE THAT VOTING RIGHTS AND FIDUCIARY RESPONSIBILITIES NOW RESIDES ONLY WITH THE BOARD OF DIRECTORS, RATHER THAN THE BOARD OF GOVERNORS OR THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B LA CHAMBER DRAFT OF 990 TAX AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY CHIEF FINANCIAL OFFICER. THE DRAFT FORM 990 IS PRESENTED TO MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW AND IS FURTHER DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY INCLUDE ITS BOARD OF DIRECTORS, EXECUTIVE COMMITTEE, OFFICERS AND KEY EMPLOYEES. PURSUANT TO THE POLICY, PERSONS HAVE A DUTY TO DISCLOSE REAL, PERCEIVED, AND POTENTIAL DIRECT AND INDIRECT CONFLICTS. THE INFORMATION IS FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND DETERMINATION. IF A CONFLICT IS BELIEVED TO EXIST, THE AUDIT COMMITTEE DETERMINES WHETHER TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ORGANIZATION'S BEST INTERESTS. IF THE AUDIT COMMITTEE HAS REASONABLE CAUSE TO BELIEVE ACTUAL OR POSSIBLE CONFLICTS WERE NOT DISCLOSED, THE AUDIT COMMITTEE IS EMPOWERED TO INVESTIGATE AND TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED BY SUB-COMMITTEE OF EXECUTIVE COMMITTEE OF BOARD OF DIRECTORS WHICH DOCUMENTS THE DETERMINATION FOR THE CEO'S SALARY AND BENEFITS WHICH ARE OFFERED IN A WRITTEN CONTRACT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 MAY ALSO BE INSPECTED ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, ETC. ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC AS THE ORGANIZATION IS A PRIVATE MEMBERSHIP ORGANIZATION. THESE DOCUMENTS ARE AND WILL BE PROVIDED UPON REASONABLE REQUEST. LACC FOUNDATION 350 S BIXEL STREET STE 201 LOS ANGELES CA 90017 952597392 LA YOUTH AID CA 501(C)(3) 9 LOS ANGELES AREA CHAMBER OF COMMERCE 1 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 PAC CA 527 LOS ANGELES AREA CHAMBER OF COMMERCE 1 LA JOBS ISSUES PAC SPONSORED BY LOS ANGELES AREA CHAMBER OF COMMERCE 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 832131062 PAC CA 527 LOS ANGELES AREA CHAMBER OF COMMERCE 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION L 160421 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION O 501762 ACTUAL COST LA JOBS PAC L 109895 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION D 15278 ACTUAL COST LA JOBS PAC R 10450 ACTUAL COST