2023-11-13T09:55:07-06:00 2022-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2022-01-01 950947860 LOS ANGELES AREA CHAMBER OF COMMERCE LOSA 2135807521 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 MARIA SALINAS PRESIDENT AND CEO 2135807521 2023-11-10 1 MARIA SALINAS 999009999 0 NANAZ BENYAMINI P00666808 3104773924 2023-11-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARIA SALINAS 350 SOUTH BIXEL ST 201 LOS ANGELES CA 90017 6428827 0 X WWW.LACHAMBER.ORG X 1968 CA CHAMBER'S VISION: A THRIVING REGION FOR ALL 41 40 50 193 11052 0 831217 382136 2826753 3756505 19 5566 2425791 1566325 6083780 5710532 0 0 0 0 3904693 3622057 0 0 0 2450112 2836251 6354805 6458308 -271025 -747776 7562162 6226096 4028471 3447884 3533691 2778212 X CHAMBER'S MISSION: DESIGN AND ADVANCE OPPORTUNITIES AND SOLUTIONS FOR A THRIVING REGIONAL ECONOMY THAT ARE INCLUSIVE AND GLOBALLY COMPETITIVE. 1) ADVOCACY - BE A BOLD ADVOCATE FOR BUSINESS AS A DRIVER OF A STRONG ECONOMY THAT ENABLES PROSPERITY FOR ALL. 2) GLOBAL ENGAGEMENT - ADVANCE LOS ANGELES' ROLE AS A POWERFUL AND DYNAMIC REGION INTEGRAL TO THE GLOBAL ECONOMY. 3) COMMUNITY COLLABORATIONS FOR LOCAL AND REGIONAL ECONOMIC GROWTH AND MOBILITY - ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY. 0 0 CHAMBER SERVES MORE THAN 1,000 MEMBERS AND THE GENERAL PUBLIC THROUGH ADVOCACY, BUSINESS DEVELOPMENT, GLOBAL ENGAGEMENT, COMMUNITY COLLABORATIONS, AND ENTREPRENUERSHIP AND INNOVATION. 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20 0 1 50 1 1 1 0 0 0 0 0 0 0 X 41 40 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X X MARTIN BREIDSPRECHER 2135807520 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 AG SPANOS FIRST VICE CHAIR 2.00 2.00 X X 0 0 0 ANDY PARK DIRECTOR 1.00 1.00 X 0 0 0 AUGUSTAVIA AUGIE J HAYDEL DIRECTOR 1.00 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 1.00 X 0 0 0 BRYAN MOELLER DIRECTOR 1.00 1.00 X 0 0 0 CAMERON ONUMAH DIRECTOR 1.00 1.00 X 0 0 0 CHARLENE DIMAS-PEINADO DIRECTOR 1.00 1.00 X 0 0 0 DANA DEBEL DIRECTOR 1.00 1.00 X 0 0 0 ERIN SMITH DIRECTOR 1.00 1.00 X 0 0 0 EUGENE GENE D SEROKA DIRECTOR 1.00 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 1.00 X 0 0 0 FRANCISCO RODRIGUEZ DIRECTOR 1.00 1.00 X 0 0 0 FRANCISCO URIBE DIRECTOR 1.00 1.00 X 0 0 0 GREGORY T GEYER DIRECTOR 1.00 1.00 X 0 0 0 JANET LAMKIN SECOND VICE CHAIR 2.00 2.00 X X 0 0 0 JEFF WILSON DIRECTOR 1.00 1.00 X 0 0 0 JEROLD B JERRY NEUMAN DIRECTOR 1.00 1.00 X 0 0 0 JOSE A HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 LARRY CHUNG DIRECTOR 1.00 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 1.00 X 0 0 0 LUPITA SANCHEZ-CORNEJO DIRECTOR 1.00 1.00 X 0 0 0 MARIO CORDERO DIRECTOR 1.00 1.00 X 0 0 0 MARK LOUCHHEIM CHAIR 2.00 2.00 X X 0 0 0 MARTIN MARTY HODGETT DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL OCHOA DIRECTOR 1.00 1.00 X 0 0 0 MICHELE RUIZ DIRECTOR 1.00 1.00 X 0 0 0 MICHELLE GASKILL-HAMES DIRECTOR 1.00 1.00 X 0 0 0 MYRA MARAYAG DIRECTOR 1.00 1.00 X 0 0 0 NICOLE J SIMONIAN DIRECTOR 1.00 1.00 X 0 0 0 PHILIP R RECHT DIRECTOR 1.00 1.00 X 0 0 0 PHILLIP TATE DIRECTOR 1.00 1.00 X 0 0 0 RANDAL J HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 RAUL A ANAYA IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 RENATA SIMRIL DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN FINNEGAN DIRECTOR 1.00 1.00 X 0 0 0 STEVE NISSEN DIRECTOR 1.00 1.00 X 0 0 0 TAYLOR HATHAWAY-ZEPEDA DIRECTOR 1.00 1.00 X 0 0 0 TODD WILSON DIRECTOR 1.00 1.00 X 0 0 0 WAYNE FEUERBORN DIRECTOR 1.00 1.00 X 0 0 0 WHITNEY O'NEILL-ENGLANDER DIRECTOR 1.00 1.00 X 0 0 0 MARIA SALINAS CHIEF EXECUTIVE OFFICER 40.00 3.00 X X 605844 0 29516 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 40.00 3.00 X 279030 0 31850 PATRICIA BRUNO CHIEF POLICY OFFICER 40.00 X 188987 0 13364 ANDREA NUNN SR VICE PRES, INNOVATION & 40.00 X 206714 0 18376 PATRICIA VILLANUEVA VICE PRESIDENT OF MEMBERSH 40.00 X 124420 0 21281 SHANNON SMITH VICE PRESIDENT OF MARKETIN 40.00 X 147354 0 11838 ESTHELA PACHECO SR. MANAGER OF POLICY 40.00 X 104243 0 8614 SAY SONG PETER FOO VICE PRESIDENT OF ENTREPRENEURSHIP & WFD 40.00 X 103508 0 10088 1760100 0 144927 8 0 1 0 ACTUM CA OPCO LLC 9000 SUNSET BLVD FL 3 WEST HOLLYWOOD CA 90069 CONSULTING: GOVERNMENT RELATIONS 129000 1 382136 382136 MEMBERSHIP DUES 813910 1682568 1682568 BOARD DUES 813910 1436500 1436500 MEMBER SERVICES 813910 498020 498020 ACTIVITIES AND EVENTS REVENUE 813910 139417 139417 3756505 20 20 519118 0 519118 519118 11052 508066 359463 353917 5546 5546 5546 439655 364378 75277 75277 SPONSORSHIP 900099 971930 971930 971930 5710532 3756505 11052 1560839 1373681 1759942 52294 239462 196678 93500 270479 179564 54550 495005 58735 65546 33549 284806 102257 PROGRAM EVENT EXPENSES 739424 DUES & SUBSCRIPTION 192597 TEMPORARY HELP 72819 COMPUTER SOFTWARE (CRM) 69909 123511 6458308 642908 603756 1661622 903993 409910 252052 9540071 5890226 3482773 3649845 705054 378539 659895 437911 7562162 6226096 942528 982283 2585943 1381124 500000 1084477 4028471 3447884 X 3533691 2778212 3533691 2778212 7562162 6226096 -747776 -7703 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 10450 0 0 0 3121868 171165 32224 203389 150807 52582 SCHEDULE C, PART I-C: LA JOBS PAC IS SPONSORED BY THE LOS ANGELES AREA CHAMBER OF COMMERCE. WHILE THE LOS ANGELES AREA CHAMBER OF COMMERCE DOES NOT MAKE POLITICAL CONTRIBUTIONS TO THE LA JOBS PAC FROM ITS OWN FUNDS, IT RECEIVES PAYMENTS DIRECTLY FROM INDIVIDUALS AND/OR ENTITIES FOR THE PURPOSE OF DISTRIBUTION TO THE LA JOBS PAC. ALL SUCH FUNDS COLLECTED BY LOS ANGELES AREA CHAMBER OF COMMERCE DURING 2021 WERE DISTRIBUTED TO LA JOBS PAC. LA JOBS PAC REPORTED THIS INCOME AS POLITICAL CONTRIBUTIONS ON ITS OWN FILINGS. 1500000 1500000 3895538 2732470 1163068 2456296 1759223 697073 1688237 1398533 289704 3649845 RELATED PARTY LOAN RECEIVABLE 81391 CRM COST 356520 437911 X PART X, LINE 2: THE CHAMBER AND FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(6) AND 501(C)(3), RESPECTIVELY, AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. INAUGURAL DINNER 439655 439655 169680 185551 9147 439655 439655 169680 185551 9147 364378 75277 X X X X 0 0 0 MARIA SALINAS CHIEF EXECUTIVE OFFICER 538844 0 67000 0 0 0 18140 0 11376 0 635360 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 244030 0 35000 0 0 0 8766 0 23084 0 310880 0 0 0 ANDREA NUNN SR VICE PRES, INNOVATION & 206714 0 0 0 0 0 6195 0 12181 0 225090 0 0 0 PATRICIA BRUNO CHIEF POLICY OFFICER 188987 0 0 0 0 0 5667 0 7697 0 202351 0 0 0 SHANNON SMITH VICE PRESIDENT OF MARKETIN 147354 0 0 0 0 0 4410 0 7428 0 159192 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A WITH THE AMENDED AND RESTATED BYLAWS OF THE LOS ANGELES AREA CHAMBER OF COMMERCE THAT VOTING RIGHTS AND FIDUCIARY RESPONSIBILITIES NOW RESIDES ONLY WITH THE BOARD OF DIRECTORS, RATHER THAN THE BOARD OF GOVERNORS OR THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 ON OCTOBER 28, 2022, THE CHAMBER'S BOARD OF DIRECTORS APPROVED THE AMENDED AND RESTATED BYLAWS OF THE LOS ANGELES AREA CHAMBER OF COMMERCE, WITH THE SIGNIFICANT CHANGES SUMMARIZED AS FOLLOWS: A. THE FIDUCIARY RESPONSIBILITY NOW RESIDES ON THE BOARD OF DIRECTORS. B. THE MEMBERS OF THE BOARD OF DIRECTORS ARE: I. THE PRESIDENT & CEO; II. OFFICERS OF THE BOARD OF DIRECTORS, WHICH INCLUDE BOARD CHAIR, FIRST VICE CHAIR, SECOND VICE CHAIR, THE TREASURER AND THE IMMEDIATE PAST CHAIR; III. CHAIRS OF COMMITTEES OF THE BOARD OF DIRECTORS; IV. CHAIRS OF THE POLICY AND BUSINESS COUNCILS; V. CHAIRS OF SPECIAL PROGRAMS, TASK FORCES AND/OR AD-HOC COMMITTEES; VI. ANY DESIGNATED REPRESENTATIVE APPOINTED TO THE BOARD OF DIRECTORS BY ANY DIAMOND CLUB MEMBER; VII. FORMER CHAIRS OF THE BOARD OF DIRECTORS; VIII. APPOINTED MEMBERS TO THE BOARD OF DIRECTORS BY THE CHAIR; IX. AT LARGE MEMBERS OF THE BOARD OF DIRECTORS BY THE NOMINATING COMMITTEE; C. THE TERM OF OFFICE FOR A DIRECTOR SHALL BE ONE YEAR. D. THE FOLLOWING BOARD OF DIRECTORS COMMITTEES WERE ADDED: I. NOMINATING COMMITTEE II. GOVERNANCE COMMITTEE III. COMPENSATION COMMITTEE E. A NEW BOARD OF GOVERNORS WAS INTRODUCED IN THE BYLAWS I. THE BOARD OF GOVERNORS SHALL HAVE THE RIGHT AND POWER TO APPROVE SUCH POLICY AND OTHER MATTERS AS SHALL BE DELEGATED TO IT FROM TIME TO TIME BY THE BOARD OF DIRECTORS. II. ALL MATTERS ACTED ON BY THE BOARD OF GOVERNORS SHALL BE REPORTED TO THE BOARD OF DIRECTORS AT ITS NEXT MEETING. III. THE AUTHORIZED NUMBER OF MEMBERS OF THE BOARD OF GOVERNORS SHALL BE DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS; PROVIDED, THAT EACH DIRECTOR ON THE BOARD OF DIRECTORS SHALL SERVE ON THE BOARD OF GOVERNORS. FORM 990, PART VI, SECTION B, LINE 11B LA CHAMBER DRAFT OF 990 TAX AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY INCLUDE ITS BOARD OF DIRECTORS, EXECUTIVE COMMITTEE, OFFICERS AND KEY EMPLOYEES. PURSUANT TO THE POLICY, PERSONS HAVE A DUTY TO DISCLOSE REAL, PERCEIVED, AND POTENTIAL DIRECT AND INDIRECT CONFLICTS. THE INFORMATION IS FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND DETERMINATION. IF A CONFLICT IS BELIEVED TO EXIST, THE AUDIT COMMITTEE DETERMINES WHETHER TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ORGANIZATION'S BEST INTERESTS. IF THE AUDIT COMMITTEE HAS REASONABLE CAUSE TO BELIEVE ACTUAL OR POSSIBLE CONFLICTS WERE NOT DISCLOSED, THE AUDIT COMMITTEE IS EMPOWERED TO INVESTIGATE AND TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED BY SUB-COMMITTEE OF EXECUTIVE COMMITTEE OF BOARD OF DIRECTORS WHICH DOCUMENTS THE DETERMINATION FOR THE CEO'S SALARY AND BENEFITS WHICH ARE OFFERED IN A WRITTEN CONTRACT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 MAY ALSO BE INSPECTED ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, ETC. ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC AS THE ORGANIZATION IS A PRIVATE MEMBERSHIP ORGANIZATION. THESE DOCUMENTS ARE AND WILL BE PROVIDED UPON REASONABLE REQUEST. LACC FOUNDATION 350 S BIXEL STREET STE 201 LOS ANGELES CA 90017 952597392 LA YOUTH AID CA 501(C)(3) 9 LOS ANGELES AREA CHAMBER OF COMMERCE 1 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 PAC CA 527 LOS ANGELES AREA CHAMBER OF COMMERCE 1 SOUTHERN CALIFORNIA LEADERSHIP NETWORK 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 931055450 CIVIC CA 501(C)(3) 7 LOS ANGELES AREA CHAMBER OF COMMERCE 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION L 175341 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION O 420506 ACTUAL COST LA JOBS PAC L 76922 ACTUAL COST LA JOBS PAC R 10450 CASH SOUTHERN CALIFORNIA LEADERSHIP NETWORK D 11500 ACTUAL COST SOUTHERN CALIFORNIA LEADERSHIP NETWORK L 18446 ACTUAL COST SOUTHERN CALIFORNIA LEADERSHIP NETWORK O 80028 ACTUAL COST SCHEDULE R, PART II AS OF DECEMBER 31, 2022, THE ORGANIZATION SEPARATED FROM SOUTHERN CALIFORNIA LEADERSHIP NETWORK.