Central City Assoc Of Los Angeles
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Los Angeles, CA
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 95-0691090
Organization Overview
Central City Assoc Of Los Angeles is located in Los Angeles, CA. The organization was established in 1945. 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, Central City Assoc Of Los Angeles employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central City Assoc Of Los Angeles 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, Central City Assoc Of Los Angeles generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL CITY ASSOCIATION (CCA) WORKS TO ENSURE THAT THE INTEREST OF BUSINESSES ARE REPRESENTED IN THE DEVELOPMENT OF KEY LOCAL GOVERNMENT POLICIES BY: (1) INVITING KEY PUBLIC DECISION MAKERS TO SPEAK AT MONTHLY COMMITTEE MEETINGS AND LUNCHEONS; (2) TESTIFYING AT PUBLICHEARINGS; AND (3) MEETING INDIVIDUALLY WITH LOCAL PUBLIC POLICY OFFICIALS.
CCA PROMOTES DOWNTOWN LOS ANGELES THROUGH ITS ANNUAL MEETINGS AND OTHER EVENTS WHICH SPOTLIGHT THE BUSINESSES, RETAIL, CULTURAL FACILITIES AND PUBLIC PLACES DOWNTOWN. CCA'S ANNUAL MEETING, MONTHLY COMMITTEE MEETINGS, LUNCHEONS, AND OTHER EVENTS FACILITATE NETWORKING FOR OUR MEMBERS BY PROVIDING THEM WITH THE OPPORTUNITY TO MEET WITH OTHER BUSINESS PROFESSIONALS.
CCA FORMS A SPECIAL COMMITTEE OR TASK FORCE TO BORE DOWN INTO ESPECIALLY COMPLICATED ISSUES, SUCH AS THE FUTURE OF DOWNTOWN DEVELOPMENT, HOUSING PRODUCTION AND AFFORDABLE HOUSING, AND HOMELESSNESS. CCA CREATES PUBLICATIONS AND POSTS THEM ON THE WEBSITE FOR THE PUBLIC TO READ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmel Sella Board Member | Trustee | 1 | $0 |
Javier Cano Board Member | Trustee | 1 | $0 |
Hilary Norton Board Member | Trustee | 1 | $0 |
Lupital Sanchez-Cornejo Board Member | Trustee | 1 | $0 |
David Galaviz Board Member | Trustee | 1 | $0 |
Lewis Horne Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Golden Boy Wilshire Llc Office Rental | 12/30/22 | $263,992 |
Studio Komorebi Llc Event Planning | 12/30/22 | $184,500 |
J&m Events Event Planning | 12/30/22 | $148,430 |
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 | $1,871,150 |
| Investment income | $72,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,901,384 |
| 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. | $1,034,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,871 |
| Pension plan accruals and contributions | $9,191 |
| Other employee benefits | $20,756 |
| Payroll taxes | $86,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,674 |
| Fees for services: Accounting | $105,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,479 |
| Fees for services: Other | $163,795 |
| Advertising and promotion | $0 |
| Office expenses | $80,583 |
| Information technology | $13,959 |
| Royalties | $0 |
| Occupancy | $248,266 |
| Travel | $1,036 |
| 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 | $14,106 |
| Insurance | $11,611 |
| All other expenses | $35,192 |
| Total functional expenses | $2,702,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,499 |
| Savings and temporary cash investments | $82,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $9,545 |
| Net Land, buildings, and equipment | $67,003 |
| Investments—publicly traded securities | $2,346,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,044,278 |
| Total assets | $3,653,020 |
| Accounts payable and accrued expenses | $159,182 |
| Grants payable | $0 |
| Deferred revenue | $6,000 |
| 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 | $1,051,895 |
| Total liabilities | $1,217,077 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,653,020 |