LAKE FOREST CHAMBER OF COMMERCE INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LAKE FOREST CHAMBER OF COMMERCE INC (EIN 27-1297580)
Tax period
2021-10-01 to 2022-09-30
Filed
2023-02-15
IRS object ID
202340469349202259
Schema version
2021v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-02-15T14:38:34-08:00ReturnTs
Tax Period End2022-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN463215961PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gary A Kreitz CPA and Associates IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line123101 MOULTON PKWY STE 110AddressLine1Txt
CityLAGUNA HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92653ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271297580EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lake Forest Chamber of Commerce IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAKEBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line126239 Enterprise CourtAddressLine1Txt
CityLake ForestCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92630ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMary ViscontePersonNm
Person TitleCEOPersonTitleTxt
Signature2023-02-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMaryPersonFirstNm
Person LastViscontePersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGary A Kreitz CPAPreparerPersonNm
PTINP00374259PTIN
Phone9492157350PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.lakeforestcachamber.comWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$125,689GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$84,358ContributionsGiftsGrantsEtcAmt
Membership Dues$41,331MembershipDuesAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$125,689TotalRevenueAmt
Grants And Similar Amounts Paid$1,250GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$69,729SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$19,963FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$8,400OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$2,283PrintingPublicationsPostageAmt
Other Expenses Total$51,572OtherExpensesTotalAmt
Total Expenses$153,197TotalExpensesAmt
Excess Or Deficit For Year-$27,508ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$147,145NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$119,637NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$147,416BOYAmt
EOY$119,908EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$1,955BOYAmt
EOY$1,955EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$149,371BOYAmt
EOY$121,863EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,226BOYAmt
EOY$2,226EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$147,145BOYAmt
EOY$119,637EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeThe Lake Forest Chamber of Commerce has been organized to promote business and economic growth and development in the City of Lake Forest and surrounding communities.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtProgram Service ExpensesProgramServiceExpensesAmt
The Lake Forest Chamber of Commerce has setup the website/e-newsletter promoting chamber events:1) Networking Business Lunches / Dinners2) Promotion of Business to Business via Business First3) Provided access to SCORE recources4) Provided participation in the City of Lake Forest: Shop Lake Forest initiative5) Posting of job openings and business opportunities$23,293
Provided grants for community non-profits.$1,250
FieldValueIRS element (for citing)
Total Program Service Expenses$24,543TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Mary Visconte
CEO10.00$46,875
Steve Smith
Chairman10.00$0
Connie Visconte
Treasurer10.00$0
Janet Berger
Secretary10.00$0
Diana Ramirez
Director10.00$0
Jeff Patrick
Director10.00$0
Andrew Brenhaug
Director10.00$0
Ildiko Takata
Director10.00$0
Jeff Bott
Director10.00$0
Randy Weiskittel
Director10.00$0
Lisa Allen
Director10.00$6,670
Deb Griffin
Director0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBarbara L JonesPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line126323 Spring Creek CircleAddressLine1Txt
CityLake ForestCityNm
State AbbreviationCAStateAbbreviationCd
ZIP926308412ZIPCd
FieldValueIRS element (for citing)
Phone9495879221PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (19 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $2714
Other Expenses.1002Office Expenses $951
Other Expenses.1003Information Technology $6658
Other Expenses.1005Travel $1736
Other Expenses.1007Conferences, Conventions, and Meetings $23544
Other Expenses.1012Insurance $550
Other Expenses.1Payroll Taxes $6448
Other Expenses.2Merchant Fees $4288
Other Expenses.3Program Expenses $1858
Other Expenses.5Payroll Processing $1230
Other Expenses.7Equipment Rental $594
Other Expenses.8Telephone $492
Other Expenses.9Business Roundtables $228
Other Expenses.10Memberships & Dues $180
Other Expenses.11Penalty $101
Other Assets.1Deposits - Rent - Beginning $375 Deposits - Rent - Ending $375
Other Assets.2Advance Deposits - Beginning $1580 Advance Deposits - Ending $1580
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $26 Accounts Payable and Accrued Expenses - Ending $26
Total Liabilities.1008Unsecured Notes and Loans Payable - Beginning $2200 Unsecured Notes and Loans Payable - Ending $2200

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