2025-10-09T12:22:01-05:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 950947860 LOS ANGELES AREA CHAMBER OF COMMERCE LOSA 2135807521 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 MARIA SALINAS PRESIDENT AND CEO 2135807521 2025-10-06 1 0 NANAZ BENYAMINI P00666808 3104773924 2025-10-06 2024 2025-03-06 01:10:19Z MARIA SALINAS 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 7058765 0 X WWW.LACHAMBER.ORG X 1968 CA CHAMBER'S VISION: A THRIVING REGION FOR ALL 43 41 42 162 160872 0 1050050 0 4221293 4363004 1869 983 1880469 2253282 7153681 6617269 0 0 0 0 3953745 3889611 0 0 0 4126089 3209727 8079834 7099338 -926153 -482069 5727902 5598861 3876080 4290280 1851822 1308581 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 PARTNERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION. 0 0 1 1 0 0 0 0 0 1 0 0 0 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 28 0 1 42 1 1 1 0 0 0 0 0 0 0 X 43 41 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 RAUL A ANAYA DIRECTOR 1.00 1.00 X 0 0 0 MARIA SALINAS PRESIDENT & CEO 40.00 3.00 X X 601432 0 30075 SEAN BURTON DIRECTOR 1.00 1.00 X 0 0 0 MARIA CAMACHO DIRECTOR 1.00 1.00 X 0 0 0 LARRY CHUNG DIRECTOR 1.00 1.00 X 0 0 0 MARIO CORDERO DIRECTOR 1.00 1.00 X 0 0 0 DANA DEBEL DIRECTOR 1.00 1.00 X 0 0 0 WAYNE FEUERBORN DIRECTOR 1.00 1.00 X 0 0 0 STEVEN FINNEGAN DIRECTOR 1.00 1.00 X 0 0 0 GREGORY T GEYER TREASURER 2.00 2.00 X X 0 0 0 STEPHANIE GRAVES DIRECTOR 1.00 1.00 X 0 0 0 TAYLOR HATHAWAY-ZEPEDA DIRECTOR 1.00 1.00 X 0 0 0 AUGUSTAVIA HAYDEL DIRECTOR 1.00 1.00 X 0 0 0 BRIAN HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 MARTY HODGETT DIRECTOR 1.00 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 1.00 X 0 0 0 RAY JUMAN DIRECTOR 1.00 1.00 X 0 0 0 JANET LAMKIN BOARD CHAIR 2.00 2.00 X X 0 0 0 MARIE LLOYD DIRECTOR 1.00 1.00 X 0 0 0 MARK LOUCHHEIM DIRECTOR 1.00 1.00 X 0 0 0 JEROLD NEUMAN DIRECTOR 1.00 1.00 X 0 0 0 STEVE NISSEN DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL OCHOA DIRECTOR 1.00 1.00 X 0 0 0 WHITNEY O'NEILL-ENGLANDER DIRECTOR 1.00 1.00 X 0 0 0 ANDY PARK SECOND VICE CHAIR 2.00 2.00 X X 0 0 0 LISA PITNEY DIRECTOR 1.00 1.00 X 0 0 0 GEORGE PLA FIRST VICE CHAIR 2.00 2.00 X X 0 0 0 SALVADOR RAMIREZ DIRECTOR 1.00 1.00 X 0 0 0 PHILIP R RECHT DIRECTOR 1.00 1.00 X 0 0 0 ALAN ROTHENBERG DIRECTOR 1.00 1.00 X 0 0 0 MICHELE RUIZ DIRECTOR 1.00 1.00 X 0 0 0 LUPITA SANCHEZ CORNEJO DIRECTOR 1.00 1.00 X 0 0 0 EUGENE SEROKA DIRECTOR 1.00 1.00 X 0 0 0 KELLY SHUPE DIRECTOR 1.00 1.00 X 0 0 0 NICOLE SIMONIAN DIRECTOR 1.00 1.00 X 0 0 0 RENATA SIMRIL DIRECTOR 1.00 1.00 X 0 0 0 ERIN SMITH DIRECTOR 1.00 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 1.00 X 0 0 0 AG SPANOS IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 PHILLIP TATE DIRECTOR 1.00 1.00 X 0 0 0 JEFFREY WILSON DIRECTOR 1.00 1.00 X 0 0 0 TODD WILSON DIRECTOR 1.00 1.00 X 0 0 0 BRANDON YOUNG DIRECTOR 1.00 1.00 X 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 40.00 3.00 X 285428 0 39614 PATRICIA BRUNO CHIEF POLICY OFFICER 40.00 0.00 X 191299 0 12156 CHRISTOPHER LUNA MEMBERSHIP & SPONSORSHIP SALES REPRESENTATIVE 40.00 0.00 X 122836 0 26982 MARIA CRISTINA CAMPOS FINANCE DIRECTOR 40.00 0.00 X 108955 0 15555 PATRICIA VILLANUEVA VICE PRESIDENT OF MEMBERSH 40.00 0.00 X 135208 0 24719 PETER SAY SONG FOO VICE PRESIDENT OF ENTREPRE 0.00 40.00 X 139617 0 24374 SHANNON SMITH VICE PRESIDENT OF MARKETIN 40.00 0.00 X 164975 0 12777 1749750 0 186252 9 0 1 0 0 MEMBERSHIP DUES 812900 1947885 1947885 BOARD DUES 812900 1790000 1790000 MEMBER SERVICES 812900 486746 486746 ACTIVITIES AND EVENTS REVENUE 812900 130373 130373 PUBLICATIONS 812900 8000 8000 4363004 983 983 920350 0 920350 920350 152872 767478 751500 441496 310004 310004 SPONSORSHIP 900099 1022928 1022928 1022928 6617269 4355004 160872 2101393 1160004 2221273 47557 242397 218380 131801 73121 152635 257289 3700 222762 58107 652062 43689 6972 149120 274749 124506 PROGRAM EVENT EXPENSES 590961 DUES & SUBSCRIPTION 226246 DIGITAL SUPPORT 84500 COMPUTER SOFTWARE (CRM) 69845 87662 7099338 279345 506751 810429 960058 290862 344425 9955767 6449722 3737227 3506045 262317 18983 347722 262599 5727902 5598861 732026 884778 1490929 1855502 1653125 1550000 3876080 4290280 X 1851822 1308581 1851822 1308581 5727902 5598861 -482069 -172 -61000 0 X 0 1 X 1 0 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 23125 0 0 0 1948725 152635 -24156 128479 175385 -46906 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 2024 WERE DISTRIBUTED TO LA JOBS PAC. LA JOBS PAC REPORTED THIS INCOME AS POLITICAL CONTRIBUTIONS ON ITS OWN FILINGS. 1500000 1500000 3895538 2927247 968291 2795928 1962388 833540 1764301 1560087 204214 3506045 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, 2024, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. INAUGURAL DINNER 751500 751500 163782 258631 19083 751500 751500 163782 258631 19083 441496 310004 X 1 1 X X X X 0 0 0 MARIA SALINAS PRESIDENT & CEO 576432 0 25000 0 0 0 18012 0 12063 0 631507 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 285428 0 0 0 0 0 8963 0 30651 0 325042 0 0 0 PATRICIA BRUNO CHIEF POLICY OFFICER 191299 0 0 0 0 0 5737 0 6419 0 203455 0 0 0 SHANNON SMITH VICE PRESIDENT OF MARKETIN 164975 0 0 0 0 0 4938 0 7839 0 177752 0 0 0 PETER SAY SONG FOO VICE PRESIDENT OF ENTREPRE 139617 0 0 0 0 0 4403 0 19971 0 163991 0 0 0 PATRICIA VILLANUEVA VICE PRESIDENT OF MEMBERSH 135208 0 0 0 0 0 4094 0 20625 0 159927 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 102000 BOARD MEMBER'S SPOUSE, JOSE CORNEJO, IS THE OWNER OF CORNEJO CONSULTING, WHICH PROVIDES POLICY CONSULTING 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 (WHICH TOOK EFFECT IN 2023) 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 204036 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION O 401028 ACTUAL COST LA JOBS PAC L 31932 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION D 15278 ACTUAL COST LA JOBS PAC R 23125 CASH