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LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION (EIN 95-2597392)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-09
IRS object ID
202532829349301418
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-09T12:22:01-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN952302617PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SINGERLEWAK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110960 WILSHIRE BLVD SUITE 1100AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90024ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN952597392EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LOS ANGELES AREA CHAMBER OF COMMERCEBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlLOSABusinessNameControlTxt
Phone2135807521PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 SOUTH BIXEL STREET 201AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARIA SALINASPersonNm
Person TitleCEOPersonTitleTxt
Phone2135807521PhoneNum
Signature2025-10-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNANAZ BENYAMINIPreparerPersonNm
PTINP00666808PTIN
Phone3104773924PhoneNum
Preparation2025-10-06PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARIA SALINASPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 SOUTH BIXEL STREET 201AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,689,635GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LACHAMBER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1968FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$730,782PYContributionsGrantsAmt
CY Contributions Grants$1,677,166CYContributionsGrantsAmt
PY Program Service Revenue$46,270PYProgramServiceRevenueAmt
CY Program Service Revenue$12,469CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$44PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$777,096PYTotalRevenueAmt
CY Total Revenue$1,689,635CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$606,499PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$470,021CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$74,209CYTotalFundraisingExpenseAmt
PY Other Expenses$523,826PYOtherExpensesAmt
CY Other Expenses$630,872CYOtherExpensesAmt
PY Total Expenses$1,130,325PYTotalExpensesAmt
CY Total Expenses$1,100,893CYTotalExpensesAmt
PY Revenues Less Expenses-$353,229PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$588,742CYRevenuesLessExpensesAmt
Total Assets BOY$393,356TotalAssetsBOYAmt
Total Assets EOY$1,159,257TotalAssetsEOYAmt
Total Liabilities BOY$684,342TotalLiabilitiesBOYAmt
Total Liabilities EOY$861,501TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$290,986NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$297,756NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,004,260ExpenseAmt
Revenue$12,469RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$1,004,260TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARTIN BREIDSPRECHERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2135807520PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 SOUTH BIXEL STREETAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90017ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARIA SALINAS
PRESIDENT & CEO3.0040.00Yes (X)Yes (X)$0$601,432$30,075
GREGORY T GEYER
TREASURER2.002.00Yes (X)Yes (X)$0$0$0
JANET LAMKIN
BOARD CHAIR2.002.00Yes (X)Yes (X)$0$0$0
ANDY PARK
SECOND VICE CHAIR2.002.00Yes (X)Yes (X)$0$0$0
GEORGE PLA
FIRST VICE CHAIR2.002.00Yes (X)Yes (X)$0$0$0
AG SPANOS
IMMEDIATE PAST CHAIR2.002.00Yes (X)Yes (X)$0$0$0
TAYLOR HATHAWAY-ZEPEDA
DIRECTOR1.001.00Yes (X)$0$0$0
MARTIN BREIDSPRECHER
CHIEF OPERATING OFFICER3.0040.00Yes (X)$0$285,428$39,614
PETER SAY SONG FOO
VICE PRESIDENT, ENTREPRENE40.000.00$0$139,617$24,374Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,026,477TotReportableCompRltdOrgAmt
Total Other Compensation$94,063TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$605,666GovernmentGrantsAmt
All Other Contributions$1,071,500AllOtherContributionsAmt
Total Contributions$1,677,166TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTICKETS AND ADMISSIONDesc
Business900099BusinessCd
Total Revenue Column$12,469TotalRevenueColumnAmt
Related Or Exempt Func Income$12,469RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$12,469TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,689,635TotalRevenueColumnAmt
Related Or Exempt Func Income$12,469RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$389,535TotalAmt
Program Services$340,642ProgramServicesAmt
Management And General$7,280ManagementAndGeneralAmt
Fundraising$41,613FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$51,258TotalAmt
Program Services$44,824ProgramServicesAmt
Management And General$958ManagementAndGeneralAmt
Fundraising$5,476FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$29,228TotalAmt
Program Services$25,560ProgramServicesAmt
Management And General$546ManagementAndGeneralAmt
Fundraising$3,122FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$19,616TotalAmt
Program Services$16,973ProgramServicesAmt
Management And General$958ManagementAndGeneralAmt
Fundraising$1,685FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,409TotalAmt
Program Services$2,950ProgramServicesAmt
Management And General$166ManagementAndGeneralAmt
Fundraising$293FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,154TotalAmt
Program Services$1,864ProgramServicesAmt
Management And General$105ManagementAndGeneralAmt
Fundraising$185FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,765TotalAmt
Program Services$6,432ProgramServicesAmt
Management And General$483ManagementAndGeneralAmt
Fundraising$850FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
EVENT AND PROGRAM$353,616$353,616
AFFILIATE FEES$204,036$176,549$9,961$17,526
DUES AND SUBSCRIPTIONS$24,427$21,136$1,193$2,098
COMPUTER EXPENSE$10,913$9,443$533$937

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,936TotalAmt
Program Services$4,271ProgramServicesAmt
Management And General$241ManagementAndGeneralAmt
Fundraising$424FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,100,893TotalAmt
Program Services$1,004,260ProgramServicesAmt
Management And General$22,424ManagementAndGeneralAmt
Fundraising$74,209FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$97,804BOYAmt
EOY$423,887EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$179,096BOYAmt
EOY$637,592EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$151,930LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$81,434LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$78,261BOYAmt
EOY$70,496EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$38,195BOYAmt
EOY$27,282EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$393,356BOYAmt
EOY$1,159,257EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$584,230BOYAmt
EOY$795,667EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$39,000BOYAmt
EOY$20,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$61,112BOYAmt
EOY$45,834EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$684,342BOYAmt
EOY$861,501EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$290,986BOYAmt
EOY-$552,244EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$850,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$290,986BOYAmt
EOY$297,756EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$393,356BOYAmt
EOY$1,159,257EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$588,742ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$441,090CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$188,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,220,365CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$764,532CurrentTaxYearMinus1YearAmt
Current Tax Year$1,677,166CurrentTaxYearAmt
Total$4,291,253TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$12,520CurrentTaxYearMinus1YearAmt
Current Tax Year$12,469CurrentTaxYearAmt
Total$24,989TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$441,090CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$188,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,220,365CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$777,052CurrentTaxYearMinus1YearAmt
Current Tax Year$1,689,635CurrentTaxYearAmt
Total$4,316,242TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$4,316,242PublicSupportTotal509Amt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$149,931CurrentTaxYearMinus4YearsAmt
Total$149,931TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$91,148CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus1 Year$44CurrentTaxYearMinus1YearAmt
Total$91,192TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$682,169CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$188,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,220,365CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$777,096CurrentTaxYearMinus1YearAmt
Current Tax Year$1,689,635CurrentTaxYearAmt
Total$4,557,365TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.94710PublicSupportCY509Pct
Public Support PY5090.75980PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$151,930OtherCostOrOtherBasisAmt
Depreciation$81,434DepreciationAmt
Book Value$70,496BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$70,496TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,689,635TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,689,635RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,689,635TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,100,893TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,100,893ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,100,893TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARIA SALINAS
PRESIDENT & CEO$0$576,432$0$25,000$0$0$0$18,012$0$12,063$0$631,507$0$0
MARTIN BREIDSPRECHER
CHIEF OPERATING OFFICER$0$285,428$0$0$0$0$0$8,963$0$30,651$0$325,042$0$0
PETER SAY SONG FOO
VICE PRESIDENT, ENTREPRENE$0$139,617$0$0$0$0$0$4,403$0$19,971$0$163,991$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE 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.
PART I, LINE 3THE 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1VISION: THE CREATION OF A MORE DIVERSE, EQUITABLE, AND INCLUSIVE THRIVING REGION FOR ALL. MISSION: ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY. INITIATIVES: ENSURE THE LOS ANGELES REGION IS A DESIRABLE PLACE TO CONDUCT BUSINESS, AND WORK TO MAKE THE REGION AN AFFORDABLE PLACE TO LIVE, WORK, AND LEARN. PROMOTE AND SUPPORT EMERGING INDUSTRIES, BUSINESSES AND ENTREPRENEURS. PROMOTE INVESTMENTS IN INFRASTRUCTURE AND CONNECTIVITY THAT DRIVE THE REGIONAL ECONOMY. SUPPORT THE GEOGRAPHICALLY DIVERSE COMPOSITION OF THE ECONOMY.
FORM 990, PART III, LINE 4ATHE CHAMBER FOUNDATION IMPLEMENTS TECHNICAL ASSISTANCE AND PROCUREMENT TRAINING, AND CONDUCTS WORKSHOPS TO INCREASE SMALL BUSINESS CAPACITY FOR SMALL BUSINESS IN COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERSERVED. TO DATE, THE CHAMBER FOUNDATION HAS ASSISTED OVER 3,000 SMALL BUSINESSES DIRECTLY. THE RESILIENT BUSINESS ADVISORY PROVIDES ONE-ON-ONE ADVISORY AND CAPACITY BUILDING SERVICES TO SMALL BUSINESSES IN AREAS SUCH AS BUSINESS STRATEGY, MARKETING, ACCESS TO CAPITAL, AND CONTRACTING. THE ONELA INCLUSIVE PROCUREMENT PROGRAM TRAINS AND ASSISTS SMALL BUSINESS PARTICIPANTS IN CONTRACT OPPORTUNITIES WITH GOVERNMENT AGENCIES AND PRIVATE SECTOR COMPANIES. THE PROCUREMENT TRAINING HAS RESULTED IN A TOTAL IMPACT OF $44 MILLION IN AWARDS AND BONDING CAPACITY.
FORM 990, PART VI, SECTION A, LINE 4THE CHAMBER FOUNDATION UPDATED THEIR BYLAWS IN THE BEGINNING OF 2024.
FORM 990, PART VI, SECTION B, LINE 11BLA 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 12CPERSONS 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 18THE FORM 990 IS ALSO OPEN FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST.
FORM 990, PART IX, LINES 7-10:WHILE THE FOUNDATION DOES NOT ISSUE ITS OWN FORM W-2 FOR EMPLOYEES, THE FOUNDATION SHARES CERTAIN PAYROLL AND OTHER ADMINISTRATIVE FUNCTIONS WITH LOS ANGELES AREA CHAMBER OF COMMERCE, A RELATED NONPROFIT ORGANIZATION. THE FOUNDATION 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. THESE ARE THE COSTS REPORTED ON PART IX LINES 7-10.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
LOS ANGELES AREA CHAMBER OF COMMERCE
350 SOUTH BIXEL ST SUITE 201LOS ANGELESCA90017950947860CHAMBERCA501(C)(6)N/AN/A0
LA JOBS PAC
350 SOUTH BIXEL STREETLOS ANGELESCA90017205731010PACCA5270LACC
LA JOBS ISSUES PAC SPONSORED BY LOS ANGELES AREA CHAMBER OF COMMERCE
350 SOUTH BIXEL STREETLOS ANGELESCA90017832131062PACCA5270LACC
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
LOS ANGELES AREA CHAMBER OF COMMERCE
M$204,036ACTUAL COST
LOS ANGELES AREA CHAMBER OF COMMERCE
O$401,028ACTUAL COST
LOS ANGELES AREA CHAMBER OF COMMERCE
E$15,278ACTUAL COST