2020-11-16T19:43:08-06:00 2019-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2019-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 MARIA SALINAS CEO 2135807521 2020-11-16 1 NAZANIN BENYAMINI P00666808 3104773924 2020-11-16 206.169.119.90 2020-11-16 16:58:35 PS P C97CC5F8997AFDCC46BFF08A9AE61773051D7E63 1798602E9F280847523D6FD201155E6D384453BD 2019 2021-01-29 14:40:06Z MARIA SALINAS 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 4210751 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. 57 56 0 250 0 0 3092982 2764398 0 0 0 0 1330013 1446353 4422995 4210751 107500 64182 0 0 3032939 3324036 46773 0 29184 1164204 1366334 4351416 4754552 71579 -543801 1930165 1281333 868644 762966 1061521 518367 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. 0 0 4687845 64182 IN 2019, THE LA CHAMBER FOUNDATION SUCCESSFULLY PROVIDED MORE THAN 2,000 YOUTH FROM UNDERSERVED LOS ANGELES COMMUNITIES WITH JOB SKILLS WORKSHOPS AND WORK READINESS CERTIFICATES, AS WELL AS ENTRY-LEVEL JOBS AND PAID INTERNSHIPS. IN ADDITION, THE L.A. CASH FOR COLLEGE PROGRAM SERVED 8,500 STUDENTS WHO ATTENDED THE COLLEGE AND CAREER CONVENTION AND AN ADDITIONAL 1,900 STUDENTS AND FAMILY MEMBERS AT THE FAMILY AND COMMUNITY NIGHT. OVER 4,500 STUDENTS PARTICIPATED IN ONE OF 150 FINANCIAL AID COMPLETION WORKSHOPS THROUGHOUT LOS ANGELES, EARNING $35 MILLION IN FREE STATE AND FEDERAL AID FOR COLLEGE. THE BUSINESS EDUCATION PROGRAM CONNECTED 2,700 LOS ANGELES UNIFIED SCHOOL DISTRICT STUDENTS AT SIX CAREER PATHWAY HIGH SCHOOLS TO INDUSTRY PROFESSIONALS AT VARIOUS WORK-BASED LEARNING EXPERIENCES THROUGHOUT THE YEAR, INCLUDING CAREER FAIRS, CLASSROOM SPEAKING EVENTS, CAREER PANELS, WORKSITE VISITS, PATHWAY GROUP PROJECT COMPETITIONS, AND INTERNSHIPS. LASTLY, THE BIXEL EXCHANGE'S TECH ED PARTNERSHIP PROGRAM FACILITATED MORE THAN TWO DOZEN COMPANY PARTNERSHIPS AS PART OF THE LA HI-TECH CONSORTIUM.THE LA CHAMBER FOUNDATION CONTINUED TO SUPPORT BUSINESS ENGAGEMENT ON EDUCATION AND WORKFORCE DEVELOPMENT POLICY ISSUES IN FEDERAL, STATE AND LOCAL FORUMS. IN PARTICULAR, WE SUPPORTED THE DEVELOPMENT OF A BROAD-BASED COALITION, INCLUDING L.A. BUSINESS LEADERS, TO CHAMPION EARLY LEARNING. FOR THE SECOND TIME SINCE 2008, CALIFORNIA EXPANDED FUNDING FOR EARLY LEARNING (AN INCREASE OF $56 MILLION FROM PRIOR YEAR), RESULTING IN 9,200 NEW PRESCHOOL SLOTS AND 6,800 NEW INFANT AND TODDLER SLOTS. FURTHER, WE ENGAGED THE BUSINESS COMMUNITY IN SMART JUSTICE ISSUES, ORGANIZING A VISIT TO L.A. MEN'S CENTRAL JAIL AND AN EMPLOYER FORUM, WHICH BROUGHT TOGETHER REPRESENTATIVES FROM THE NATIONAL EMPLOYMENT LAW PROJECT AND THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION TO EDUCATE BUSINESS LEADERS ON HIRING FORMERLY-INCARCERATED WORKERS AND REMOVING BARRIERS TO EMPLOYMENT. 4687845 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 57 56 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 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 LADONNA DICAMILLO 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 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 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 LIDIA MARTINEZ 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 MICHELLE KERRICK CHAIR 1.00 X X 0 0 0 JEROLD B NEUMAN PRESIDENT 1.00 X X 0 0 0 MARIA SALINAS VICE CHAIR & CEO 1.00 40.00 X X 0 480204 26346 DAVID RATTRAY SR.VP. EDUCATION/SECRETARY 16.00 1.00 X X 0 81972 15973 BENJAMIN STILP TREASURER & CFO 1.00 40.00 X X 0 153791 13456 ALMA SALAZAR VICE PRESIDENT, EDUCATION 40.00 X 0 145563 22765 LISA CATANZARITE VICE PRESIDENT, EDUCATION 40.00 X 0 114330 19391 ALYSIA BELL VICE PRESIDENT, EDUCATION 40.00 X 0 109523 29474 ALEXA-RAE NAVARRO EMERGING TECH GENERAL 20.00 20.00 X 0 101152 14558 0 1186535 141963 0 0 1 0 0 346362 2418036 2764398 REIMBURSEMENT FROM AFFILIATES 561000 1431500 1431500 MISCELLANEOUS INCOME 900099 14853 14853 1446353 4210751 0 0 1446353 X 64182 64182 103358 101806 873 679 3220678 3172291 27218 21169 18413 18413 558939 553653 2973 2313 5226 5226 5939 5887 30 22 140077 140075 1 1 97806 97712 53 41 21743 18264 1957 1522 GENERAL ADMINISTRATIVE 383455 377444 3381 2630 TRAINING EVENTS AND CON 50162 50149 7 6 PRINTING 23441 23441 PROGRAM TRANSPORTATION 21679 21679 39454 37623 1030 801 4754552 4687845 37523 29184 240048 623869 1487401 375595 160271 160271 200180 78582 42445 121598 1930165 1281333 868644 762966 868644 762966 X 431620 -177628 629901 695995 1061521 518367 1930165 1281333 -543801 647 0 X 0 1 X 1 0 X 2504729 2721256 2454280 3092982 2764398 13537645 2504729 2721256 2454280 3092982 2764398 13537645 0 0 0 13537645 850831 962394 1147291 1312167 1431500 5704183 5435 11690 6305 17846 14853 56129 3360995 3695340 3607876 4422995 4210751 19297957 0.70150 0.72600 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200180 78582 121598 121598 X 4210751 0 4210751 0 4210751 4754552 0 4754552 0 4754552 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, 2019 AND 2018, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 56 64182 CASH PART I, LINE 2: THE LA CHAMBER FOUNDATION COLLABORATES IN ITS LA YOUTH AT WORK PROGRAM, WHICH PROVIDES PAID INTERNSHIPS TO ELIGIBLE HIGH SCHOOL AND COLLEGE STUDENTS. PARTICIPATING 501(C)(3) ORGANIZATIONS AGREE TO PROVIDE PAID INTERNSHIPS AND LACF PROVIDES REIMBURSEMENTS TO PARTICIPATING 501(C)(3) THAT ARE REQUIRED TO SUBMIT DOCUMENTATION AS PROOF OF PAID INTERNSHIPS INCLUDING PAY ROLL, PAY STUBS, AND W-2S. X X X X 0 0 0 0 0 0 0 0 0 MARIA SALINAS VICE CHAIR & CEO 0 443974 0 36230 0 0 0 14406 0 11940 0 506550 0 0 DAVID RATTRAY SR.VP. EDUCATION/SECRETARY 0 76172 0 5800 0 0 0 2459 0 13514 0 97945 0 0 BENJAMIN STILP TREASURER & CFO 0 133791 0 20000 0 0 0 4614 0 8842 0 167247 0 0 ALMA SALAZAR VICE PRESIDENT, EDUCATION 0 135563 0 10000 0 0 0 4367 0 18398 0 168328 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. FOR DAVID RATTRAY, COMPENSATION ALLOCATED BETWEEN ORGANIZATIONS IS AS FOLLOWS: LA AREA CHAMBER OF COMMERCE FOUNDATION REPORTABLE COMPENSATION: $81,972 OTHER COMPENSATION: $21,386 UNITE-LA, INC. (UNRELATED ORGANIZATION) REPORTABLE COMPENSATION: $122,958 OTHER COMPENSATION: $32,080 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 464,233. MANAGEMENT AND GENERAL EXPENSES 2,973. FUNDRAISING EXPENSES 2,313. TOTAL EXPENSES 469,519. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 89,420. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,420. 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 K 116823 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE M 383455 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 3314158 ACTUAL COST