2016-11-11T16:46:50-06:00 2015-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2015-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 BENJAMIN STILP CFO 2135807521 2016-11-10 1 NAZANIN BENYAMINI P00666808 3104773924 2016-11-09 2015 2017-02-10 21:41:12Z GARY TOEBBEN 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 3360995 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 54 0 250 0 0 2567153 2504729 0 0 0 0 721166 856266 3288319 3360995 769528 45081 0 0 1667553 2209302 0 0 36449 1123420 920536 3560501 3174919 -272182 186076 1233376 1542535 476471 599554 756905 942981 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 3107726 45081 IN 2015, 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. 3107726 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 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 X 15 0 1 0 0 0 0 0 0 0 0 0 0 0 X 56 54 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X BENJAMIN STILP 2135807521 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 LETICIA AGUILAR DIRECTOR 1.00 X 0 0 0 HARRY ARGIRES DIRECTOR 1.00 X 0 0 0 JOHN BARRETT DIRECTOR 1.00 X 0 0 0 DAN BECKERMAN DIRECTOR 1.00 X 0 0 0 ELISE BUIK DIRECTOR 1.00 X 0 0 0 LOU-ANN BYNUM DIRECTOR 1.00 X 0 0 0 EDWARD CASEY DIRECTOR 1.00 X 0 0 0 EUGENE CHI DIRECTOR 1.00 X 0 0 0 JOSEPH CZYZYK DIRECTOR 1.00 X 0 0 0 LADONNA DICAMILLO DIRECTOR 1.00 X 0 0 0 KENDRA DOYEL DIRECTOR 1.00 X 0 0 0 MARCIE EDWARDS DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 JAMES GARRISON DIRECTOR 1.00 X 0 0 0 RONALD GASTELUM DIRECTOR 1.00 X 0 0 0 VERONICA GUTIERREZ DIRECTOR 1.00 X 0 0 0 KAREN HATHAWAY DIRECTOR 1.00 X 0 0 0 MAUREEN HAYES DIRECTOR 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 X 0 0 0 CAROL JACKSON DIRECTOR 1.00 X 0 0 0 MICHELLE KERRICK DIRECTOR 1.00 X 0 0 0 GEORGE KIEFFER DIRECTOR 1.00 X 0 0 0 MAUREEN KINDEL DIRECTOR 1.00 X 0 0 0 ROBERT LAGACE DIRECTOR 1.00 X 0 0 0 DEANE LEAVENWORTH DIRECTOR 1.00 X 0 0 0 JOHN LLEWELLYN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MARTIN DIRECTOR 1.00 X 0 0 0 LIDIA MARTINEZ DIRECTOR 1.00 X 0 0 0 TIMOTHY MCCALLION DIRECTOR 1.00 X 0 0 0 BRYAN MOELLER DIRECTOR 1.00 X 0 0 0 JEROLD NEUMAN DIRECTOR 1.00 X 0 0 0 STEVEN NISSEN DIRECTOR 1.00 X 0 0 0 TIMOTHY NOONAN DIRECTOR 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 X 0 0 0 THOMAS PRISELAC DIRECTOR 1.00 X 0 0 0 LISA GREER QUATEMAN DIRECTOR 1.00 X 0 0 0 PHILIP RECHT DIRECTOR 1.00 X 0 0 0 DENNIS RODRIGUEZ DIRECTOR 1.00 X 0 0 0 ALAN ROTHENBERG DIRECTOR 1.00 X 0 0 0 MICHAEL ROUSE DIRECTOR 1.00 X 0 0 0 MICHAEL SAVOY DIRECTOR 1.00 X 0 0 0 ANTHONY SCIARRINO DIRECTOR 1.00 X 0 0 0 EUGENE SEROKA DIRECTOR 1.00 X 0 0 0 BRANDON SHAMIM DIRECTOR 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 X 0 0 0 ROD SPACKMAN DIRECTOR 1.00 X 0 0 0 FRANK STEPHAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER THORNBERG DIRECTOR 1.00 X 0 0 0 MATTHEW TOLEDO DIRECTOR 1.00 X 0 0 0 FRANCISCO URIBE DIRECTOR 1.00 X 0 0 0 DENITA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 ROBERT WYMAN DIRECTOR 1.00 X 0 0 0 WILLIAM CASWELL CHAIR 1.00 X X 0 0 0 THOMAS SAYLES VICE CHAIR 1.00 X X 0 0 0 BENJAMIN STILP TREASURER & CFO 1.00 40.00 X X 0 162318 12297 GARY TOEBBEN DIRECTOR AND CEO 1.00 40.00 X X 0 454433 36806 DAVID EADS CHIEF OPERATING OFFICER 1.00 40.00 X 0 231753 17737 DAVID RATTRAY SR.VP. EDUCATION 19.00 1.00 X 0 88800 13173 CARLOS VALDERRAMA SR.VP. GLOBAL TRADE 1.00 40.00 X 0 161189 11974 0 1098493 91987 0 0 1 0 0 647122 1857607 2504729 REIMBURSEMENT FROM AFF 561000 850831 850831 MISCELLANEOUS INCOME 900099 5435 5435 856266 3360995 0 0 856266 X 45081 45081 101973 99624 1075 1274 1745880 1705738 18367 21775 46854 45774 494 586 160642 156941 1693 2008 153953 150406 1623 1924 351819 347515 1969 2335 900 900 14973 14772 92 109 47496 46288 553 655 86271 84940 609 722 228710 222893 2661 3156 12624 10336 1047 1241 TRAINING EVENTS AND CON 141259 141180 36 43 PRINTING 20814 20552 120 142 TELECOM 11356 11028 150 178 DUES & SUBSCRIPTIONS 1719 1533 85 101 2595 2225 170 200 3174919 3107726 30744 36449 637722 829832 477475 540634 80000 133246 55633 16810 38179 38823 1233376 1542535 476471 512573 86981 476471 599554 X 641927 592981 114978 350000 756905 942981 1233376 1542535 186076 0 X 0 1 X 1 0 X 3433073 3265587 2484081 2567153 2504729 14254623 3433073 3265587 2484081 2567153 2504729 14254623 0 0 0 14254623 538270 715720 850831 2104821 6791 15493 10212 5446 5435 43377 3439864 3281080 3032563 3288319 3360995 16402821 0.86900 0.92190 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55633 16810 38823 38823 X 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, 2015 AND 2014, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIPS 75 45081 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 0 0 0 0 0 0 0 0 0 BENJAMIN STILP TREASURER & CFO 0 147318 0 15000 0 0 0 4870 0 7427 0 174615 0 0 GARY TOEBBEN DIRECTOR AND CEO 0 369433 0 85000 0 0 0 28633 0 8173 0 491239 0 0 DAVID EADS CHIEF OPERATING OFFICER 0 204253 0 27500 0 0 0 6953 0 10784 0 249490 0 0 CARLOS VALDERRAMA SR.VP. GLOBAL TRADE 0 146189 0 15000 0 0 0 4836 0 7138 0 173163 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 V, LINE 2A: 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. THE COMPENSATION REPORTED ON PART VII FOR DAVID RATTRAY, LA CHAMBER FOUNDATION'S, SENIOR VP OF EDUCATION, REFLECTS THE PORTION OF HIS TOTAL COMPENSATION RECEIVED FROM LA AREA CHAMBER OF COMMERCE THAT IS ATTRIBUTED TO HIS SERVICES RENDERED TO THE LA CHAMBER FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 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 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 PROFESSIONAL SERVICE: PROGRAM SERVICE EXPENSES 282,006. MANAGEMENT AND GENERAL EXPENSES 1,598. FUNDRAISING EXPENSES 1,895. TOTAL EXPENSES 285,499. OUTSIDE RESEARCH: PROGRAM SERVICE EXPENSES 65,509. MANAGEMENT AND GENERAL EXPENSES 371. FUNDRAISING EXPENSES 440. TOTAL EXPENSES 66,320. 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 47496 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE M 228710 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 2209302 ACTUAL COST