Thinkla
- Assets
- $766.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Westlake Village, CA
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 20-5128078
Organization Overview
Thinkla is located in Westlake Village, CA. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Thinkla employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thinkla is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Thinkla generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THINKLA IS A MEDIA, MARKETING AND ADVERTISING COLLECTIVE WITH A MISSION TO CONNECT, INSPIRE AND EDUCATE THE LOS ANGELES MARKETING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERACTIVE AWARDS GALA - TO RECOGNIZE LOCAL COMPANIES & LEADERS IN INTERACTIVE MARKETING.
OTHER PROGRAM SERVICES
BREAKFAST & LUNCHEONS - VARIOUS BREAKFASTS AND LUNCHEONS WITH SPEAKERS TO PROVIDE KNOWLEDGE AND EDUCATION TO THE ADVERTISING AND MEDIA ARTS INDUSTRY.
IDEA AWARDS - PROGRAM TO RECOGNIZE AND HONOR THE BEST CREATIVE WORK IN THE L.A. ADVERTISING, MARKETING AND MEDIA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Johnson Advisor | Trustee | 1 | $0 |
Kirsten Atkinson Co-President | OfficerTrustee | 2 | $0 |
Alexis Boerger Director | Trustee | 1 | $0 |
Montse Barrena Director | Trustee | 1 | $0 |
Leisha Bereson Director | Trustee | 1 | $0 |
Erik Guzman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,735,751 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $196,875 |
| Compensation of current officers, directors, key employees. | $196,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,090 |
| Pension plan accruals and contributions | $19,449 |
| Other employee benefits | $0 |
| Payroll taxes | $54,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,077 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $458 |
| Fees for services: Other | $29,303 |
| Advertising and promotion | $0 |
| Office expenses | $29,930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,370 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $749 |
| Insurance | $82,040 |
| All other expenses | $224,176 |
| Total functional expenses | $1,850,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,044 |
| Net Land, buildings, and equipment | $1,124 |
| Investments—publicly traded securities | $495,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $766,161 |
| Accounts payable and accrued expenses | $12,188 |
| Grants payable | $0 |
| Deferred revenue | $31,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,888 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $722,273 |
| Total liabilities and net assets/fund balances | $766,161 |