2023-11-03T03:26:12-04:00 2022-12-31 990 2022-01-01 812589663 BIZFED INSTITUTE % Tracy Hernandez BIZF 5624169241 1150 South Olive Street Floor 10 Los Angeles CA 90015 Tracy Hernandez Founding CEO 2023-11-03 2022 2023-04-26 12:10:37Z X Tracy Hernandez 1150 S Olive Street Floor 10 Los Angeles CA 90015 467050 false X X 2018 CA Schedule O - MISSION AND MOST SIGNIFICANT ACTIVITIES 39 39 0 0 0 0 0 467050 0 0 0 0 0 0 0 467050 0 0 0 0 0 338116 0 0 47071 0 117075 0 455191 0 11859 135440 173338 73032 99071 62408 74267 Schedule O - MISSION AND MOST SIGNIFICANT ACTIVITIES false false 0 0 0 Not Applicable. 0 0 0 Not Applicable. 0 0 0 Not Applicable 0 0 0 0 true true false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 3 0 0 false false false false false false false 0 false false false false false false false 39 39 false true false false false true false true true false false true true true true true true true true false X Emmanuel V Lallana 5624169241 6055 E WASHINGTON BOULEVARD 1005 COMMERCE CA 90040 Jonathan Parfrey Chair 4.00 0.00 X X 0 0 0 Kevin Klowden Vice Chair 4.00 0.00 X X 0 0 0 Rex Knowles Treasurer 4.00 0.00 X X 0 0 0 Patty Senecal Secretary 4.00 0.00 X X 0 0 0 Matt Klink Program Committee Chair 4.00 0.00 X X 0 0 0 Ruth Drizen-Dohs Program Committee Chair 4.00 0.00 X X 0 0 0 Steve Pontell Immediate Past Chair 0.00 0.00 X X 0 0 0 David Fleming Founding Chair 0.00 0.00 X X 0 0 0 Tracy Hernandez Founding CEO 4.00 0.00 X 0 0 0 Kevin Harbour Sr President 40.00 0.00 X X 211500 0 0 Adel Hagekhalil Board Member 0.00 0.00 X 0 0 0 Ali Sahabi Board Member 0.00 0.00 X 0 0 0 Andy Carrasco Board Member 0.00 0.00 X 0 0 0 Doran Barned Board Member 0.00 0.00 X 0 0 0 Dulce Vasquez Board Member 0.00 0.00 X 0 0 0 Jennifer Mcelyea Board Member 0.00 0.00 X 0 0 0 Karin Longhurst Board Member 0.00 0.00 X 0 0 0 Mark Wilbur Board Member 0.00 0.00 X 0 0 0 MC Townsend Board Member 0.00 0.00 X 0 0 0 Michael Lawson Board Member 0.00 0.00 X 0 0 0 Frank Zerenyan Board Member 0.00 0.00 X 0 0 0 Robert Sausedo Board Member 0.00 0.00 X 0 0 0 Stella Li Board Member 0.00 0.00 X 0 0 0 Stephanie Hsieh Board Member 0.00 0.00 X 0 0 0 Stephanie Wiggins Board Member 0.00 0.00 X 0 0 0 Tigran Papatyan Board Member 0.00 0.00 X 0 0 0 Trini Jimenez Board Member 0.00 0.00 X 0 0 0 Mark Guillen Board Member 0.00 0.00 X 0 0 0 Angela Minnifield Board Member 0.00 0.00 X 0 0 0 Gilbert Ivey Advisory Board Member 0.00 0.00 X 0 0 0 Adi Liberman Advisory Board Member 0.00 0.00 X 0 0 0 211500 0 0 0 false true false 0 0 0 0 0 467050 12300 467050 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 467050 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 303340 223966 45128 34246 0 0 0 0 16209 11995 2431 1783 18567 13740 2785 2042 60000 42000 9000 9000 0 0 0 0 12950 0 12950 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1219 0 1219 0 3074 0 3074 0 0 0 0 0 12300 0 12300 0 105 105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2750 0 2750 0 Forums, Seminars, Roundtables, Meetings 17319 17319 0 0 Issues Polling and Research 3300 3300 0 0 Grants Fulfillment Services 1500 1500 0 0 ACH, QuickBooks, Credit Card Fees 2558 0 2558 0 0 0 0 0 455191 313925 94195 47071 0 0 0 0 133207 168919 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2233 4419 0 0 0 0 0 0 0 0 0 0 0 0 0 0 135440 173338 24532 30071 0 0 48500 69000 0 0 0 0 0 0 0 0 0 0 0 0 73032 99071 X 0 0 0 0 62408 74267 62408 74267 135440 173338 11859 0 0 0 0 0 X X false true X true false X 100107 229022 376575 473875 454750 1634329 0 0 0 0 0 0 0 0 0 0 0 0 100107 229022 376575 473875 454750 1634329 0 1634329 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1634329 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 467050 0 467050 0 467050 455191 0 455191 0 455191 X false false false false false false false false false Tracy Hernandez Founding CEO 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Kevin Harbour Sr President 185000 0 26500 0 0 0 0 0 0 0 211500 0 0 0 Part VI, Line 3 DELEGATION OF CONTROL OVER MANAGEMENT DUTIES: The organization has an agreement with IMPOWER Inc. for CEO services strategic direction management and administrative oversight. Tracy Hernandez principal of IMPOWER Inc. is the Founding CEO of BizFed Institute. Part VI, Line 7a The members of the Board of Directors have the power to nominate elect or appoint one or more members of the board and officers of the board. Part VI, Line 11b DISTRIBUTION AND PROCESS FOR REVIEWING FORM 990: Form 990 is prepared by the Accounting Financial Consultant and reviewed by both the President and Founding CEO. Form 990 together with the audited financial statements are submitted to the Board of Directors for review and approval. Part VI, Line 12c MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY: The organization's Conflict of Interest Policy requires all interested persons including directors officers members employees and independent contractors to disclose the existence of financial interest conflicts. The policy is distributed to all the aforementioned individuals upon assuming their positions and annually thereafter. At the beginning of each Board meeting the Chair asks whether any person has an actual or possible conflict of interest to disclose regarding any action item on the agenda. Any person with an actual conflict of interest must and any person with a possible conflict of interest may abstain from making participating in any way or attempting to influence the decision. The minutes of all meetings contain the names of directors and members who abstained from voting due to existence of actual or possible conflicts of interest regarding a particular item on the agenda. Part VI, Line 15 PROCESS FOR DETERMINATION REVIEW AND APPROVAL OF COMPENSATION: The organization's executive management is contracted with IMPOWER Inc. as previously mentioned. The agreement is reviewed annually by the Chair of the Board with the compensation approved by the full board as part of the annual budget process. The compensation of the President and other staff is determined by the Founding CEO and approved by the full board again as part of the annual budget process. Part VI, Line 18 AVAILABILITY OF FORM 990 GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC: The above-mentioned documents are made available to the general public upon written request. Part XII, Line 2c OVERSIGHT OF FINANCIAL REPORTING AND AUDIT: The preparation of the financial statements is done by the Accounting Financial Consultant and approved by the President and Founding CEO. The audited financial statements and the related SAS letter are presented to the Board of Directors for review and approval. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| None. There are no specific programs conducted by the organization., $0, $0, $0| Part I, Line 1 | Explanation:| MISSION AND MOST SIGNIFICANT ACTIVITIES: The BizFed Institute "BFI" educates engages equips and measures consensus solutions from civically minded nonprofit academic and regional thought leaders for the purpose of building strong communities throughout California. BFI equips decision makers with comprehensive expertise and resources to build and sustain strong communities in the new economy. Part I, Line 1 | Explanation:| This is accomplished through forums roundtables seminars or webinars to address issues such as environment education workplace development housing transportation water etc. The organization is funded through contributions sponsorships grants and gifts from foundations corporations individuals and the general public. Part III, Line 4 and 4a | Explanation:| BizFed Institute does not have specific program services but rather conducts forums roundtables seminars etc. throughout the year. These activities are funded mostly by sponsorhips. Los Angeles County Business Federation 6055 E WASHINGTON BOULEVARD COMMERCE CA 90040 260295348 Business mobilizaton CA 501(C)(6) N/A false