Los Angeles Area Chamber Of Commerce
- Assets
- $7.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 54
- Location
- Los Angeles, CA
- Founding
- 05/1941
- Data as of
- 12/2021
- EIN
- 95-0947860
Organization Overview
Los Angeles Area Chamber Of Commerce is located in Los Angeles, CA. The organization was established in 1941. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Los Angeles Area Chamber Of Commerce employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Area Chamber Of Commerce 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 12/2021, Los Angeles Area Chamber Of Commerce generated $6.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER'S VISION: A THRIVING REGION FOR ALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER SERVES MORE THAN 1,400 MEMBERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Salinas Chief Executive Officer | Officer | 40 | $514,149 |
Martin Breidsprecher Chief Operating Officer | Officer | 40 | $237,012 |
Andrea Nunn Sr Vice Pres, Innovation & | Officer | 40 | $200,596 |
Patricia Bruno Chief Policy Officer | Officer | 40 | $183,821 |
Marlo Stroud Chief Financial/ Operating | Officer | 40 | $162,920 |
Shannon Smith Vice President Of Marketin | 40 | $143,052 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eventworks Inc Event Production | 12/30/20 | $152,307 |
Jw Marriott Los Angeles La Live Gala Venue Rental | 12/30/20 | $273,448 |
Voytko Mechanical Inc Building Maintenance | 12/30/20 | $106,171 |
Cornejo Strategies Consultant | 12/30/20 | $102,000 |
Status Not Quo Inc It Development | 12/30/20 | $164,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $831,217 |
| 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 | $831,217 |
| Total Program Service Revenue | $2,826,753 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $494,893 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $863,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,083,780 |
| 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. | $983,437 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,370,730 |
| Pension plan accruals and contributions | $74,406 |
| Other employee benefits | $247,800 |
| Payroll taxes | $228,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,386 |
| Advertising and promotion | $0 |
| Office expenses | $149,499 |
| Information technology | $52,948 |
| Royalties | $0 |
| Occupancy | $484,397 |
| Travel | $13,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,833 |
| Interest | $17,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,895 |
| Insurance | $92,316 |
| All other expenses | $79,508 |
| Total functional expenses | $6,354,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,661,622 |
| 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 | $409,910 |
| Net Land, buildings, and equipment | $3,482,773 |
| Investments—publicly traded securities | $705,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $659,895 |
| Total assets | $7,562,162 |
| Accounts payable and accrued expenses | $942,528 |
| Grants payable | $0 |
| Deferred revenue | $2,585,943 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,028,471 |
| Net assets without donor restrictions | $3,533,691 |
| 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 | $7,562,162 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Los Angeles Area Chamber Of Commerce has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $85,000 |
Loyola Marymount University Los Angeles, CA PURPOSE: Table sponsorship | $15,000 |
Kaiser Foundation Health Plan Inc Oakland, CA PURPOSE: La Chamber Of Commerce Small Business Awards Suppo | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Engineering & Utility Contractors Association San Ramon, CA | $6,057,921 | $5,434,926 |
Better Business Bureau Inc San Leandro, CA | $5,371,959 | $5,607,401 |