2025-11-06T13:35:43-05:00 2024-12-31 990 2024-01-01 812589663 BIZFED INSTITUTE BIZF 3107032899 1150 South Olive Street Floor 10 Los Angeles CA 90015 Emmanuel Lallana CFO 5624169241 2025-11-07 2024 2025-03-06 01:10:19Z Kevin Harbour - President 1150 South Olive Street Floor 10 Los Angeles CA 90015 623537 false X X 2018 CA To enhance community revitalization economic development and civic engagement through concerted organization education information research and communication. BFI educates engages and equips business leaders and owners with the necessary knowledge connections and resources to create a robust regional economy. This is accomplished through forums roundtables seminars including webinars to address issues such as environmental stewardship and sustainability education workplace development housing transportation water etc. Funding comes from grants contributions sponsorships and gifts from foundations corporations family friends and the general public. 35 35 0 0 0 0 539839 623537 0 0 0 0 0 0 539839 623537 0 0 0 0 361774 398235 0 0 51655 136601 295037 498375 693272 41464 -69735 233500 160162 117769 114166 115731 45996 To enhance community revitalization economic development and civic engagement through concerted organization education information research and communication. false false 0 0 0 Not applicable. 0 0 0 Not applicable. 0 0 0 Not applicable. 532353 0 0 Other Program Services 532353 0 0 532353 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 5 0 0 false false false false false false false 0 false false false false false false false 35 35 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 1150 South Olive Street Floor 10 Los Angeles CA 90015 Kevin Klowden Chair 4.00 0.00 X X 0 0 0 Rex Knowles Vice Chair 4.00 0.00 X X 0 0 0 Robert Sausedo Co-Secretary 4.00 0.00 X X 0 0 0 Karin Longhurst Co-Treasurer 4.00 0.00 X X 0 0 0 Mark Guillen Co-Treasurer 4.00 0.00 X X 0 0 0 Matt Klink Program Committee Co-Chair 4.00 0.00 X X 0 0 0 Dulce Vasquez Program Committee Co-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 X 223558 0 0 Lawrence Gustafson Program Committee Co-Chair 0.00 0.00 X 0 0 0 Alene Taber Co-Secretary 0.00 0.00 X 0 0 0 Gilbert Ivey Advisory Board Member 0.00 0.00 X 0 0 0 Doran J Barnes Program Committee Co-Chair 0.00 0.00 X X 0 0 0 223558 0 0 1 true true false 0 0 0 60000 0 563537 0 623537 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 623537 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 349336 264173 49199 35964 0 0 0 0 26367 20039 3691 2637 22532 17124 3154 2254 72000 50400 10800 10800 0 0 0 0 18620 0 18620 0 0 0 0 0 0 0 0 0 0 0 129500 129500 0 0 1678 1678 0 0 3268 0 3268 0 7047 0 7047 0 0 0 0 0 1900 0 1900 0 9641 9641 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9664 0 9664 0 0 0 0 0 Forums, Webinars, Roundtables, Meetings 37048 37048 0 0 Issues Polling and Research 2750 2750 0 0 ACH, QuickBooks, Credit Card Fees, etc. 1921 0 1921 0 0 0 0 0 0 0 0 0 693272 532353 109264 51655 0 0 0 0 228207 148592 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5293 11570 0 0 0 0 0 0 0 0 0 0 0 0 0 0 233500 160162 30519 34496 0 0 87250 79670 0 0 0 0 0 0 0 0 0 0 0 0 117769 114166 X 0 0 0 0 115731 45996 115731 45996 233500 160162 -69735 0 0 0 0 0 X false true X 376575 473875 454750 535739 623537 2464476 0 0 0 0 0 0 0 0 0 0 0 0 376575 473875 454750 535739 623537 2464476 2464476 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2464476 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 623537 0 623537 0 623537 693272 0 693272 0 693272 true 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 203558 0 20000 0 0 0 0 0 0 0 223558 0 0 0 Doing Business As Names BFI Part VI, Section B, Line 1 There are no differences in voting rights among members of the Board of Directors. 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 11a Part VI. B. Line 11a - The Form 990 is presented reviewed and approved by the entire Board of Directors before filing. Part VI, Line 12c MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY: The organizations 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 organizations 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 VI, Line 19 The governing documents conflict of interest policy and audited financial statements are made available to the general public upon written request. Part IX Line 11 | Explanation:| Part IX - Line 11g - Other $129,500 - Payments made to service providers and other vendors for costs related to the fulfillment of the Amity Foundation Care First Community Investment grant. Los Angeles County Business Federation 1150 South Olive Street Floor 10 Los Angeles CA 90015 260295348 Business mobilization CA 501(C)(6) N/A false