2021-11-15T13:52:02-06:00 2020-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2020-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 MARIA SALINAS CEO 2135807521 2021-10-29 1 MARIA SALINAS 999009999 NAZANIN BENYAMINI P00666808 3104773924 2021-10-29 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARIA SALINAS 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 591571 0 X WWW.LACHAMBER.ORG X 1968 CA TO STRENGTHEN THE LOS ANGELES WORKFORCE BY INCREASING ACCESS TO COLLEGE AND POST-SECONDARY TRAINING, JOB SKILLS, AND EMPLOYMENT. 56 55 0 55 0 0 2764398 441090 0 0 0 0 1446353 150481 4210751 591571 64182 124605 0 0 3324036 323338 0 0 49695 1366334 585075 4754552 1033018 -543801 -441447 1906688 225747 863683 86391 1043005 139356 X THE LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION WAS ESTABLISHED IN 1970 TO CARRY OUT THE CHARITABLE AND EDUCATION OBJECTIVES OF THE L.A. AREA CHAMBER. THE VOICE OF BUSINESS IN LOS ANGELES FOR MORE THAN 125 YEARS, THE CHAMBER HAS BEEN A CHAMPION FOR ECONOMIC PROSPERITY AND QUALITY OF LIFE IN LOS ANGELES. THE CHAMBER'S FOUNDATION FOCUSES ON FURTHERING THOSE EFFORTS BY BUILDING PARTNERSHIPS THAT IMPROVE THE STANDARDS OF EDUCATION AND GENERAL QUALITY OF LIFE AND WELFARE FOR THE CITIZENS OF SOUTHERN CALIFORNIA. THE FOUNDATION WORKS TO ENSURE YOUTH HAVE EQUAL ACCESS TO EDUCATION AND HIGH LEVEL JOB TRAINING - RESULTING IN A THRIVING LOCAL ECONOMY. THE FOUNDATION SUPPORTS CRADLE-TO-CAREER EDUCATION AND WORKFORCE DEVELOPMENT PROGRAMMING TO COORDINATE AND BROKER SYSTEMIC EDUCATION REFORM.THE FOUNDATION'S FOCUS IS TO ELIMINATE BARRIERS AND MAXIMIZE ECONOMIC PROSPERITY FOR ALL, THROUGH PROVIDING TECHNICAL ASSISTANCE AND CAPACITY BUILDING FOR REGIONAL SMALL BUSINESSES. 0 1 925795 124605 IN 2020, THE LA CHAMBER FOUNDATION ENTERED INTO A SEPARATION AGREEMENT WITH UNITE-LA, WHICH CONCLUDED AS OF JANUARY 31, 2020. THE EXPENSES AND THE GRANT WERE A PART OF PROGRAM RELATED EXPENSES UNDER THE PREVIOUS AGREEMENT. 925795 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 56 55 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X MARIA SALINAS 2135807520 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 ALAN I ROTHENBERG DIRECTOR 1.00 X 0 0 0 CHRISTOPHER C MARTIN FAIA DIRECTOR 1.00 X 0 0 0 EDWARD J CASEY DIRECTOR 1.00 X 0 0 0 CAMERON ONUMAH DIRECTOR 1.00 X 0 0 0 MIKE SILACCI DIRECTOR 1.00 X 0 0 0 STEVE FINNEGAN DIRECTOR 1.00 X 0 0 0 RAUL ANAYA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER THORNBERG DIRECTOR 1.00 X 0 0 0 BRANDON F SHAMIM DIRECTOR 1.00 X 0 0 0 MARK LOUCHHEIM DIRECTOR 1.00 X 0 0 0 THOMAS M PRISELAC DIRECTOR 1.00 X 0 0 0 WHITNEY O'NEILL ENGLANDER DIRECTOR 1.00 X 0 0 0 RK ROD SPACKMAN DIRECTOR 1.00 X 0 0 0 LISA DELONEY DIRECTOR 1.00 X 0 0 0 FRANK A STEPHAN DIRECTOR 1.00 X 0 0 0 JOHN Q DUONG DIRECTOR 1.00 X 0 0 0 JEFF WILSON DIRECTOR 1.00 X 0 0 0 DANA DEBEL DIRECTOR 1.00 X 0 0 0 PATRICK J NIEMANN DIRECTOR 1.00 X 0 0 0 JOHN F LLEWELLYN DIRECTOR 1.00 X 0 0 0 MICHAEL M SAVOY DIRECTOR 1.00 X 0 0 0 JOSHUA ENGLANDER DIRECTOR 1.00 X 0 0 0 JOSE A HERNANDEZ DIRECTOR 1.00 X 0 0 0 BRENNON J CRIST DIRECTOR 1.00 X 0 0 0 WILLIAM CASWELL DIRECTOR 1.00 X 0 0 0 MAUREEN A KINDEL DIRECTOR 1.00 X 0 0 0 GREGORY GEYER DIRECTOR 1.00 X 0 0 0 RENATA SIMRIL DIRECTOR 1.00 X 0 0 0 AUGUSTAVIA J HAYDEL DIRECTOR 1.00 X 0 0 0 DEANE LEAVENWORTH DIRECTOR 1.00 X 0 0 0 TIMOTHY J NOONAN DIRECTOR 1.00 X 0 0 0 AG SPANOS DIRECTOR 1.00 X 0 0 0 CAT-UYEN VO DIRECTOR 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 X 0 0 0 GEORGE KIEFFER ESQ DIRECTOR 1.00 X 0 0 0 PHILIP R RECHT DIRECTOR 1.00 X 0 0 0 JOSEPH A CZYZYK DIRECTOR 1.00 X 0 0 0 CELESTE M ALLEYNE DIRECTOR 1.00 X 0 0 0 KATHY BANUELOS DIRECTOR 1.00 X 0 0 0 STEVE NISSEN DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 JAMES E GARRISON DIRECTOR 1.00 X 0 0 0 MARIO CORDERO DIRECTOR 1.00 X 0 0 0 EUGENE D SEROKA DIRECTOR 1.00 X 0 0 0 JOHN VOTAVA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER THOMPSON DIRECTOR 1.00 X 0 0 0 DENITA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 FRANCISCO URIBE DIRECTOR 1.00 X 0 0 0 KAREN L HATHAWAY DIRECTOR 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 X 0 0 0 ELISE BUIK DIRECTOR 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 X 0 0 0 RANDAL J HERNANDEZ DIRECTOR 1.00 X 0 0 0 BRYAN MOELLER DIRECTOR 1.00 X 0 0 0 JEROLD B NEUMAN PRESIDENT 1.00 X X 0 0 0 MARIA SALINAS VICE CHAIR & CEO 3.00 40.00 X X 0 436568 22127 0 436568 22127 0 0 1 0 0 5709 435381 441090 REIMBURSEMENT FROM AFF 561000 149931 149931 MISCELLANEOUS INCOME 900099 550 550 150481 591571 0 0 150481 124605 124605 323338 321758 848 732 86554 71798 7920 6836 86 84 1 1 302 302 4260 4236 13 11 396095 318456 41672 35967 7810 6279 822 709 MISC. EXPENSE 50949 41013 5310 4626 AFFILIATE FEES 31954 31328 336 290 COMPUTER EXPENSE 5456 4387 574 495 TRAINING EVENTS AND CON 650 650 959 899 32 28 1033018 925795 57528 49695 623870 2947 1000949 50279 160271 151930 50343 121598 101587 0 70934 1906688 225747 863683 86391 863683 86391 X -448490 -127311 1491495 266667 1043005 139356 1906688 225747 X -441447 -462202 X 0 1 X 1 0 X 2721256 2454280 3092982 2764398 441090 11474006 2721256 2454280 3092982 2764398 441090 11474006 0 0 0 11474006 962394 1147291 1312167 1431500 149931 5003283 11690 6305 17846 14853 91148 141842 3695340 3607876 4422995 4210751 682169 16619131 0.69040 0.70150 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 151930 50343 101587 101587 OTHER ASSET - CRM 70934 70934 X 591571 0 591571 0 591571 1033018 0 1033018 0 1033018 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION 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 YEARS ENDED DECEMBER 31, 2020 AND 2019, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. 1 GENERAL GRANT 1 124605 CASH PART I, LINE 2: THIS GRANT REPRESENTS THE NET SUM OF A GRANT TO UNITE-LA AS PART OF THE SEPARATION AGREEMENT AS OF JANUARY 2020. UNITE-LA IS A SEPARATE 501(C)(3) ORGANIZATION. X X X X 0 0 0 0 0 0 0 0 0 MARIA SALINAS VICE CHAIR & CEO 0 436568 0 0 0 0 0 13097 0 9030 0 458695 0 0 PART I, LINE 3 THE ORGANIZATION SHARES CERTAIN PAYROLL AND OTHER ADMINISTRATIVE FUNCTIONS WITH LOS ANGELES AREA CHAMBER OF COMMERCE, A RELATED NONPROFIT ORGANIZATION. THE ORGANIZATION REIMBURSES THE LOS ANGELES AREA CHAMBER OF COMMERCE FOR THE COSTS OF THE PAYROLL AND ADMINISTRATIVE EXPENSES IT INCURS ON BEHALF OF LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION. FORM 990, PART III, LINE 3 DURING JANUARY 2020, THE FOUNDATION AND UNITE-LA CONCLUDED THEIR RELATIONSHIP GOVERNED BY A STRATEGIC ALLIANCE AGREEMENT FOR WORK IN EDUCATION AND WORKFORCE DEVELOPMENT SINCE 2003. FORM 990, PART VI, SECTION B, LINE 11B LA CHAMBER FOUNDATION DRAFT 990 TAX AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY FOUNDATION CHIEF FINANCIAL OFFICER. 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 C, LINE 18 THE FORM 990 IS ALSO OPEN FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST. FORM 990, PART XI, LINE 9: TRANSFERS WITH FORMER AFFILIATE -462,202. LOS ANGELES AREA CHAMBER OF COMMERCE 350 SOUTH BIXEL ST SUITE 201 LOS ANGELES CA 90017 950947860 CHAMBER CA 501(C)(6) N/A N/A 0 SOUTHERN CALIFORNIA LEADERSHIP NETWORK 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 931055450 CIVIC CA 501(C)(3) 7 LACC 0 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 PAC CA 527 LACC 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 LOS ANGELES AREA CHAMBER OF COMMERCE M 31955 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 323338 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE C 30000 ACTUAL COST