Discover Torrance

Organization Overview

Discover Torrance is located in Torrance, CA. The organization was established in 2010. 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 12/2022, Discover Torrance employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discover Torrance 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 12/2022, Discover Torrance generated $769.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $903.6k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE TRAVEL AND TOURISM IN THE CITY OF TORRANCE AND ENHANCE THE HOTEL AND LODGING INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ENTITY'S EFFORTS TO MARKET THE CITY OF TORRANCE THROUGH SOCIAL MEDIA HAS ACHIEVED POSITIVE RESULTS EVIDENCED BY INCREASING INTERNET TRAFFIC TO THEIR WEBSITES.


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Board, Officers & Key Employees

Name (title)Compensation
Linda Amato
Chairman
$0
Mike Patel
Treasurer
$0
Neera Chanani
Vice Chair
$0
Fran Fulton
Executive Dir.
$0
Maria Himebaugh
Secretary
$0
Shahi Chowdhury
Director
$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$764,992
Investment income $4,305
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 $769,297

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