Valley Industry & Commerce Assoc Warner Center Plaza 1

Organization Overview

Valley Industry & Commerce Assoc Warner Center Plaza 1 is located in Van Nuys, CA. The organization was established in 1972. 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 12/2021, Valley Industry & Commerce Assoc Warner Center Plaza 1 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Industry & Commerce Assoc Warner Center Plaza 1 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Valley Industry & Commerce Assoc Warner Center Plaza 1 generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE VALLEY INDUSTRY & COMMERCE ASSOCIATION IS TO ENHANCE THE ECONOMIC VITALITY OF THE GREATER SAN FERNANDO VALLEY REGION BY ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE VICA BUSINESS FORECAST CONFERENCE IS A UNIQUE OPPORTUNITY FOR THE VALLEY'S BUSINESS COMMUNITY TO INFLUENCE THE LEGISLATIVE PROCESS IN ORDER TO PROMOTE VICA'S MISSION OF ADVOCATING FOR A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE. IT IS ALSO AN OPPORTUNITY FOR VICA MEMBERS AND OTHER BUSINESS LEADERS TO LEARN ABOUT PUBLIC POLICY ISSUES THAT DIRECTLY IMPACT THE BUSINESS CLIMATE. THE CONFERENCE ALSO SERVES AS THE PLACE FOR AN ECONOMIC FORECAST AT THE NATIONAL, STATE AND LOCAL LEVELS. THE CONFERENCE ATTENDEES LOOK AT TREND PROJECTIONS TO SEE WHERE THE VALLEY CAN EXPECT THE ECONOMY TO BE IN THE NEXT YEAR. THE CONFERENCE FOCUSES ON ISSUES SUCH AS WORKFORCE EDUCATION, MOBILITY, CLIMATE CHANGE, LAND USE, LOBBYING AND THE WAY UPCOMING ELECTIONS WOULD IMPACT THE BUSINESS CLIMATE.


THE VICA SAN FERNANDO HALL OF FAME DINNER IS AN OPPORTUNITY TO PROMOTE OUR MISSION OF A BETTER BUSINESS CLIMATE AND QUALITY OF LIFE, BY HIGHLIGHTING THE DISTINGUISHED SET OF BUSINESSES AND BUSINESS LEADERS WHO ALSO BELIEVE IN THE MISSION OF VICA TO PROMOTE A BETTER BUSINESS CLIMATE AND LIFE. THIS EVENT CELEBRATES THE SAN FERNANDO VALLEY'S UNIQUE BUSINESS COMMUNITY AND FORMALLY RECOGNIZE THOSE ENTITIES AND INDIVIDUALS THAT HAVE MADE THE VALLEY WHAT IT IS TODAY - A VIBRANT AND DIVERSE PLACE TO RUN A BUSINESS AND RAISE A FAMILY. THIS EVENT CELEBRATES THE ECONOMIC VITALITY OF THE VALLEY, PROMOTES CHANGE AND A WAY TO CHERISH THOSE WHO HAVE ALREADY FORGED AHEAD TO MAKE THE VALLEY A BETTER PLACE TO LIVE AND WORK.


THE VICA ANNUAL MEETING WORKS TO HELP PROMOTE VICA'S MISSION AS WELL AS TO SERVE A REQUIREMENT OF VICA'S BY-LAWS. THE ANNUAL MEETING SERVES AS THE FINAL BOARD MEETING OF THE YEAR AND PROVIDES THE LOCATION FOR THE ELECTION OF THE NEXT YEAR'S BOARD OF DIRECTORS AND OFFICERS. INDIVIDUALS WHO HAVE MADE A DIFFERENCE BOTH AT VICA AND IN THE COMMUNITY, AND A COMPANY WHICH HAS SHOWN EXCELLENCE IN TRYING TO MAKE THE COMMUNITY A BETTER PLACE TO LIVE ARE HONORED DURING THIS MEETING. THE FINAL PORTION OF THE EVENT GIVES VICA'S MEMBERS THE OPPORTUNITY TO HEAR FROM HIGH RANKING STATE OFFICIALS ON WHAT THEY THINK OF THE BUSINESS CLIMATE.


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Board, Officers & Key Employees

Name (title)Compensation
Stuart Waldman
President
$181,781
Charles Crumpley
Executive Cmte
$0
Timothy Gaspar
Director
$0
Samona Caldwell
Director
$0
Juan Camacho
Director
$0
Christine Aghassi
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $99,333
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$99,333
Total Program Service Revenue$1,249,965
Investment income $185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,349,483

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Valley Industry & Commerce Assoc Warner Center Plaza 1 has recieved totaling $17,000.

Awarding OrganizationAmount
Providence Health System-Southern California

Renton, WA

PURPOSE: SPONSORSHIP

$11,000
Credit Unions In The State Of California

Pasadena, CA

PURPOSE: CO-SPONSORSHIP OF SPECIAL EVENT.

$6,000
View Grant Recipient Profile

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