2025-10-09T12:22:01-05:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET 201 LOS ANGELES CA 90017 MARIA SALINAS CEO 2135807521 2025-10-06 1 0 NANAZ BENYAMINI P00666808 3104773924 2025-10-06 2024 2025-03-06 01:10:19Z MARIA SALINAS 350 SOUTH BIXEL STREET 201 LOS ANGELES CA 90017 1689635 0 X WWW.LACHAMBER.ORG X 1968 CA ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY. 7 6 0 6 0 0 730782 1677166 46270 12469 0 0 44 0 777096 1689635 0 0 0 0 606499 470021 0 0 74209 523826 630872 1130325 1100893 -353229 588742 393356 1159257 684342 861501 -290986 297756 X SEE SCHEDULE O 0 0 1004260 12469 SEE SCHEDULE O 1004260 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X MARTIN BREIDSPRECHER 2135807520 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 MARIA SALINAS PRESIDENT & CEO 3.00 40.00 X X 0 601432 30075 GREGORY T GEYER TREASURER 2.00 2.00 X X 0 0 0 JANET LAMKIN BOARD CHAIR 2.00 2.00 X X 0 0 0 ANDY PARK SECOND VICE CHAIR 2.00 2.00 X X 0 0 0 GEORGE PLA FIRST VICE CHAIR 2.00 2.00 X X 0 0 0 AG SPANOS IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 TAYLOR HATHAWAY-ZEPEDA DIRECTOR 1.00 1.00 X 0 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 3.00 40.00 X 0 285428 39614 PETER SAY SONG FOO VICE PRESIDENT, ENTREPRENE 40.00 0.00 X 0 139617 24374 0 1026477 94063 0 0 1 0 0 605666 1071500 1677166 TICKETS AND ADMISSION 900099 12469 12469 12469 1689635 12469 0 0 X 389535 340642 7280 41613 51258 44824 958 5476 29228 25560 546 3122 19616 16973 958 1685 3409 2950 166 293 2154 1864 105 185 7765 6432 483 850 EVENT AND PROGRAM 353616 353616 AFFILIATE FEES 204036 176549 9961 17526 DUES AND SUBSCRIPTIONS 24427 21136 1193 2098 COMPUTER EXPENSE 10913 9443 533 937 4936 4271 241 424 1100893 1004260 22424 74209 97804 423887 179096 637592 151930 81434 78261 70496 38195 27282 393356 1159257 584230 795667 39000 20000 61112 45834 684342 861501 X -290986 -552244 850000 -290986 297756 393356 1159257 588742 0 X 0 1 X 1 0 X 441090 188100 1220365 764532 1677166 4291253 12520 12469 24989 441090 188100 1220365 777052 1689635 4316242 0 0 0 4316242 149931 149931 91148 44 91192 682169 188100 1220365 777096 1689635 4557365 0.94710 0.75980 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 151930 81434 70496 70496 X 1689635 0 1689635 0 1689635 1100893 0 1100893 0 1100893 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701(D). U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARIA SALINAS PRESIDENT & CEO 0 576432 0 25000 0 0 0 18012 0 12063 0 631507 0 0 MARTIN BREIDSPRECHER CHIEF OPERATING OFFICER 0 285428 0 0 0 0 0 8963 0 30651 0 325042 0 0 PETER SAY SONG FOO VICE PRESIDENT, ENTREPRENE 0 139617 0 0 0 0 0 4403 0 19971 0 163991 0 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES THE CEO FOR BUSINESS USE PORTION OF A SOCIAL CLUB MEMBERSHIP. CLUB MEMBERSHIP IS PRIMARILY USED FOR BUSINESS PURPOSES FOR FURTHERING THE CHAMBER'S MISSION AMONGST THE BUSINESS COMMUNITY. PART I, LINE 3 THE ORGANIZATION SHARES CERTAIN PAYROLL AND OTHER ADMINISTRATIVE FUNCTIONS WITH LOS ANGELES AREA CHAMBER OF COMMERCE, A RELATED NONPROFIT ORGANIZATION. THE ORGANIZATION REIMBURSES THE LOS ANGELES AREA CHAMBER OF COMMERCE FOR THE COSTS OF THE PAYROLL AND ADMINISTRATIVE EXPENSES IT INCURS ON BEHALF OF LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION. FORM 990, PART III, LINE 1 VISION: THE CREATION OF A MORE DIVERSE, EQUITABLE, AND INCLUSIVE THRIVING REGION FOR ALL. MISSION: ADVANCE AND SUPPORT EFFORTS THAT ELIMINATE BARRIERS AND MAXIMIZE OPPORTUNITIES FOR ECONOMIC PROSPERITY. INITIATIVES: ENSURE THE LOS ANGELES REGION IS A DESIRABLE PLACE TO CONDUCT BUSINESS, AND WORK TO MAKE THE REGION AN AFFORDABLE PLACE TO LIVE, WORK, AND LEARN. PROMOTE AND SUPPORT EMERGING INDUSTRIES, BUSINESSES AND ENTREPRENEURS. PROMOTE INVESTMENTS IN INFRASTRUCTURE AND CONNECTIVITY THAT DRIVE THE REGIONAL ECONOMY. SUPPORT THE GEOGRAPHICALLY DIVERSE COMPOSITION OF THE ECONOMY. FORM 990, PART III, LINE 4A THE CHAMBER FOUNDATION IMPLEMENTS TECHNICAL ASSISTANCE AND PROCUREMENT TRAINING, AND CONDUCTS WORKSHOPS TO INCREASE SMALL BUSINESS CAPACITY FOR SMALL BUSINESS IN COMMUNITIES THAT HAVE BEEN HISTORICALLY UNDERSERVED. TO DATE, THE CHAMBER FOUNDATION HAS ASSISTED OVER 3,000 SMALL BUSINESSES DIRECTLY. THE RESILIENT BUSINESS ADVISORY PROVIDES ONE-ON-ONE ADVISORY AND CAPACITY BUILDING SERVICES TO SMALL BUSINESSES IN AREAS SUCH AS BUSINESS STRATEGY, MARKETING, ACCESS TO CAPITAL, AND CONTRACTING. THE ONELA INCLUSIVE PROCUREMENT PROGRAM TRAINS AND ASSISTS SMALL BUSINESS PARTICIPANTS IN CONTRACT OPPORTUNITIES WITH GOVERNMENT AGENCIES AND PRIVATE SECTOR COMPANIES. THE PROCUREMENT TRAINING HAS RESULTED IN A TOTAL IMPACT OF $44 MILLION IN AWARDS AND BONDING CAPACITY. FORM 990, PART VI, SECTION A, LINE 4 THE CHAMBER FOUNDATION UPDATED THEIR BYLAWS IN THE BEGINNING OF 2024. 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. THE DRAFT FORM 990 IS PRESENTED TO MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW AND IS FURTHER DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. 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 C, LINE 18 THE FORM 990 IS ALSO OPEN FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST. FORM 990, PART IX, LINES 7-10: WHILE THE FOUNDATION DOES NOT ISSUE ITS OWN FORM W-2 FOR EMPLOYEES, THE FOUNDATION SHARES CERTAIN PAYROLL AND OTHER ADMINISTRATIVE FUNCTIONS WITH LOS ANGELES AREA CHAMBER OF COMMERCE, A RELATED NONPROFIT ORGANIZATION. THE FOUNDATION REIMBURSES THE LOS ANGELES AREA CHAMBER OF COMMERCE FOR THE COSTS OF THE PAYROLL AND ADMINISTRATIVE EXPENSES IT INCURS ON BEHALF OF LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION. THESE ARE THE COSTS REPORTED ON PART IX LINES 7-10. LOS ANGELES AREA CHAMBER OF COMMERCE 350 SOUTH BIXEL ST SUITE 201 LOS ANGELES CA 90017 950947860 CHAMBER CA 501(C)(6) N/A N/A 0 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 PAC CA 527 LACC 0 LA JOBS ISSUES PAC SPONSORED BY LOS ANGELES AREA CHAMBER OF COMMERCE 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 832131062 PAC CA 527 LACC 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 LOS ANGELES AREA CHAMBER OF COMMERCE M 204036 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 401028 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE E 15278 ACTUAL COST