2019-11-15T17:32:12-06:00 2018-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BOULEVARD 7TH FLOOR LOS ANGELES CA 900243783 990 2018-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 MARIA SALINAS CEO 2135807521 2019-11-13 1 NAZANIN BENYAMINI P00666808 3104773924 2019-11-11 206.169.119.90 2019-11-13 09:35:57 PS P ED3F6473A19DEC23272CDC63ED9396BE5F50C1FF 3970E0746DB511FBA46B5CCAFE43C699DA3F1BE4 2018 2020-03-31 21:24:44Z MARIA SALINAS 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 4422995 0 X WWW.LACHAMBER.ORG X 1968 CA TO STRENGTHEN THE LOS ANGELES WORKFORCE BY INCREASING ACCESS TO COLLEGE AND POST-SECONDARY TRAINING, JOB SKILLS, AND EMPLOYMENT. 63 59 0 250 0 0 2454280 3092982 0 0 0 0 1153596 1330013 3607876 4422995 28000 107500 0 0 2702948 3032939 0 46773 70288 1084536 1164204 3815484 4351416 -207608 71579 1974270 1930165 984328 868644 989942 1061521 X THE LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION WAS ESTABLISHED IN 1970 TO CARRY OUT THE CHARITABLE AND EDUCATION OBJECTIVES OF THE L.A. AREA CHAMBER. THE VOICE OF BUSINESS IN LOS ANGELES FOR MORE THAN 125 YEARS, THE CHAMBER HAS BEEN A CHAMPION FOR ECONOMIC PROSPERITY AND QUALITY OF LIFE IN LOS ANGELES. THE CHAMBER'S FOUNDATION FOCUSES ON FURTHERING THOSE EFFORTS BY BUILDING PARTNERSHIPS THAT IMPROVE THE STANDARDS OF EDUCATION AND GENERAL QUALITY OF LIFE AND WELFARE FOR THE CITIZENS OF SOUTHERN CALIFORNIA. THE FOUNDATION WORKS TO ENSURE YOUTH HAVE EQUAL ACCESS TO EDUCATION AND HIGH LEVEL JOB TRAINING - RESULTING IN A THRIVING LOCAL ECONOMY. THE FOUNDATION SUPPORTS CRADLE-TO-CAREER EDUCATION AND WORKFORCE DEVELOPMENT PROGRAMMING TO COORDINATE AND BROKER SYSTEMIC EDUCATION REFORM. 0 0 4253501 107500 IN 2018, THE LA CHAMBER FOUNDATION SUCCESSFULLY PROVIDED MORE THAN 2,000 YOUTH FROM UNDERSERVED LOS ANGELES COMMUNITIES WITH JOB SKILLS WORKSHOPS AND WORK READINESS CERTIFICATES, AS WELL AS ENTRY-LEVEL JOBS AND PAID INTERNSHIPS. IN ADDITION, THE L.A. CASH FOR COLLEGE PROGRAM SERVED 8,500 STUDENTS WHO ATTENDED THE COLLEGE AND CAREER CONVENTION AND AN ADDITIONAL 1,900 STUDENTS AND FAMILY MEMBERS AT THE FAMILY AND COMMUNITY NIGHT. OVER 4,500 STUDENTS PARTICIPATED IN ONE OF 150 FINANCIAL AID COMPLETION WORKSHOPS THROUGHOUT LOS ANGELES, EARNING $35 MILLION IN FREE STATE AND FEDERAL AID FOR COLLEGE. THE BUSINESS EDUCATION PROGRAM CONNECTED 2,700 LOS ANGELES UNIFIED SCHOOL DISTRICT STUDENTS AT SIX CAREER PATHWAY HIGH SCHOOLS TO INDUSTRY PROFESSIONALS AT VARIOUS WORK-BASED LEARNING EXPERIENCES THROUGHOUT THE YEAR, INCLUDING CAREER FAIRS, CLASSROOM SPEAKING EVENTS, CAREER PANELS, WORKSITE VISITS, PATHWAY GROUP PROJECT COMPETITIONS, AND INTERNSHIPS. LASTLY, THE BIXEL EXCHANGE'S TECH ED PARTNERSHIP PROGRAM FACILITATED MORE THAN TWO DOZEN COMPANY PARTNERSHIPS AS PART OF THE LA HI-TECH CONSORTIUM.THE LA CHAMBER FOUNDATION CONTINUED TO SUPPORT BUSINESS ENGAGEMENT ON EDUCATION AND WORKFORCE DEVELOPMENT POLICY ISSUES IN FEDERAL, STATE AND LOCAL FORUMS. IN PARTICULAR, WE SUPPORTED THE DEVELOPMENT OF A BROAD-BASED COALITION, INCLUDING L.A. BUSINESS LEADERS, TO CHAMPION EARLY LEARNING. FOR THE SECOND TIME SINCE 2008, CALIFORNIA EXPANDED FUNDING FOR EARLY LEARNING (AN INCREASE OF $56 MILLION FROM PRIOR YEAR), RESULTING IN 9,200 NEW PRESCHOOL SLOTS AND 6,800 NEW INFANT AND TODDLER SLOTS. FURTHER, WE ENGAGED THE BUSINESS COMMUNITY IN SMART JUSTICE ISSUES, ORGANIZING A VISIT TO L.A. MEN'S CENTRAL JAIL AND AN EMPLOYER FORUM, WHICH BROUGHT TOGETHER REPRESENTATIVES FROM THE NATIONAL EMPLOYMENT LAW PROJECT AND THE EQUAL EMPLOYMENT OPPORTUNITY COMMISSION TO EDUCATE BUSINESS LEADERS ON HIRING FORMERLY-INCARCERATED WORKERS AND REMOVING BARRIERS TO EMPLOYMENT. 4253501 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 16 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 63 59 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X MARIA SALINAS 2135807520 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 LETICIA AGUILAR DIRECTOR 1.00 X 0 0 0 RAUL ANAYA DIRECTOR 1.00 X 0 0 0 CHRIS ARGENTIERI DIRECTOR 1.00 X 0 0 0 JOHN P BARRETT DIRECTOR 1.00 X 0 0 0 DAN BECKERMAN DIRECTOR 1.00 X 0 0 0 ELISE BUIK DIRECTOR 1.00 X 0 0 0 LOU ANNE BYNUM DIRECTOR 1.00 X 0 0 0 EDWARD J CASEY DIRECTOR 1.00 X 0 0 0 WILLIAM CASWELL DIRECTOR 1.00 X 0 0 0 EUGENE CHI DIRECTOR 1.00 X 0 0 0 BRENNON J CRIST DIRECTOR 1.00 X 0 0 0 JOSEPH A CZYZYK DIRECTOR 1.00 X 0 0 0 KENNETH G DAMI DIRECTOR 1.00 X 0 0 0 DANA DEBEL DIRECTOR 1.00 X 0 0 0 LISA DELONEY DIRECTOR 1.00 X 0 0 0 LADONNA DICAMILLO DIRECTOR 1.00 X 0 0 0 JOHN Q DUONG DIRECTOR 1.00 X 0 0 0 STEPHEN FINNEGAN DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 MYEISHA P GAMINO DIRECTOR 1.00 X 0 0 0 JAMES E GARRISON DIRECTOR 1.00 X 0 0 0 KAREN L HATHAWAY DIRECTOR 1.00 X 0 0 0 AUGUSTAVIA J HAYDEL DIRECTOR 1.00 X 0 0 0 MAUREEN HAYES DIRECTOR 1.00 X 0 0 0 DANA HOLLIDAY DIRECTOR 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 X 0 0 0 GEORGE KIEFFER ESQ DIRECTOR 1.00 X 0 0 0 MAUREEN A KINDEL DIRECTOR 1.00 X 0 0 0 DEANE LEAVENWORTH DIRECTOR 1.00 X 0 0 0 JOHN F LLEWELLYN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER C MARTIN FAIA DIRECTOR 1.00 X 0 0 0 LIDIA S MARTINEZ DIRECTOR 1.00 X 0 0 0 BRIAN MECUM DIRECTOR 1.00 X 0 0 0 BRYAN MOELLER DIRECTOR 1.00 X 0 0 0 PATRICK J NIEMANN DIRECTOR 1.00 X 0 0 0 STEVEN A NISSEN DIRECTOR 1.00 X 0 0 0 TIMOTHY J NOONAN DIRECTOR 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 X 0 0 0 THOMAS M PRISELAC DIRECTOR 1.00 X 0 0 0 LISA GREER QUATEMAN ESQ DIRECTOR 1.00 X 0 0 0 PHILIP R RECHT DIRECTOR 1.00 X 0 0 0 DENNIS RODRIGUEZ DIRECTOR 1.00 X 0 0 0 ALAN I ROTHENBERG DIRECTOR 1.00 X 0 0 0 MICHAEL M SAVOY DIRECTOR 1.00 X 0 0 0 THOMAS S SAYLES DIRECTOR 1.00 X 0 0 0 MICHELLE D SCHWARTZ DIRECTOR 1.00 X 0 0 0 EUGENE D SEROKA DIRECTOR 1.00 X 0 0 0 BRANDON F SHAMIM DIRECTOR 1.00 X 0 0 0 BRANDON F SHAMIM DIRECTOR 1.00 X 0 0 0 MIKE SILACCI DIRECTOR 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 X 0 0 0 RK ROD SPACKMAN DIRECTOR 1.00 X 0 0 0 FRANK A STEPHAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER THOMPSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER THORNBERG DIRECTOR 1.00 X 0 0 0 GARY L TOEBBEN DIRECTOR 1.00 40.00 X 0 311764 29472 FRANCISCO URIBE DIRECTOR 1.00 X 0 0 0 DENITA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 MICHELLE KERRICK CHAIR 1.00 X X 0 0 0 JEROLD B NEUMAN PRESIDENT 1.00 X X 0 0 0 DAVID RATTRAY SR.VP. EDUCATION/SECRETARY 16.00 1.00 X X 0 79945 15054 BENJAMIN STILP TREASURER & CFO 1.00 40.00 X X 0 182621 15606 MARIA SALINAS VICE CHAIR & CEO (AS OF 8/1/2018)) 1.00 40.00 X X 0 176438 21353 ALMA SALAZAR VICE PRESIDENT, EDUCATION 40.00 X 0 135763 21384 MANDY DENAUX VP. MARKETING/COMMUNICATIO 1.00 40.00 X 0 108769 11038 0 995300 113907 0 0 1 0 0 764141 2328841 3092982 REIMBURSEMENT FROM AFFILIATES 561000 1312167 1312167 MISCELLANEOUS INCOME 900099 17846 17846 1330013 4422995 0 0 1330013 X 107500 107500 94998 93741 677 580 2452259 2420185 17274 14800 67627 66732 482 413 215265 212415 1535 1315 202790 200105 1446 1239 22145 22145 46773 46773 435171 436105 -503 -431 145 145 10495 9477 632 386 77000 76311 371 318 94251 93447 433 371 316916 314083 1526 1307 10625 8846 958 821 TRAINING EVENTS AND CON 139843 137628 1193 1022 PRINTING 22243 22219 13 11 TELECOM 10889 10762 68 59 BAD DEBT 8990 7484 811 695 15491 14171 711 609 4351416 4253501 27627 70288 916038 240048 858662 1487401 160271 160271 99285 56840 39299 42445 1974270 1930165 859328 868644 125000 984328 868644 X 789942 431620 200000 629901 989942 1061521 1974270 1930165 71579 0 X 0 1 X 1 0 X 2567153 2504729 2721256 2454280 3092982 13340400 2567153 2504729 2721256 2454280 3092982 13340400 0 0 0 13340400 715720 850831 962394 1147291 1312167 4988403 5446 5435 11690 6305 17846 46722 3288319 3360995 3695340 3607876 4422995 18375525 0.72600 0.74960 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99285 56840 42445 42445 X 4422995 0 4422995 0 4422995 4351416 0 4351416 0 4351416 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). TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION 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 YEARS ENDED DECEMBER 31, 2018 AND 2017, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. X X X X 1 CIVIC ALLIES CONSULTING LLC 322 SOUTH 17 STREET NASHVILLE TN 37206 CONSULTING 0 0 24054 0 ERIKA BORG 322 SOUTH 17 STREET NASHVILLE TN 37206 CONSULTING 0 0 18000 0 42054 CA SCHEDULE G, PART I, LINE 2B, COLUMN (V) GRANTWRITING CONSULTING 1 SCHOLARSHIPS 153 107500 CASH PART I, LINE 2: THE LA CHAMBER FOUNDATION COLLABORATES IN ITS LA YOUTH AT WORK PROGRAM, WHICH PROVIDES PAID INTERNSHIPS TO ELIGIBLE HIGH SCHOOL AND COLLEGE STUDENTS. PARTICIPATING 501(C)(3) ORGANIZATIONS AGREE TO PROVIDE PAID INTERNSHIPS AND LACF PROVIDES REIMBURSEMENTS TO PARTICIPATING 501(C)(3) THAT ARE REQUIRED TO SUBMIT DOCUMENTATION AS PROOF OF PAID INTERNSHIPS INCLUDING PAY ROLL, PAY STUBS, AND W-2S. X X X X 0 0 0 0 0 0 0 0 0 GARY L TOEBBEN DIRECTOR 0 216764 0 95000 0 0 0 24306 0 5166 0 341236 0 0 BENJAMIN STILP TREASURER & CFO 0 162621 0 20000 0 0 0 5850 0 9756 0 198227 0 0 MARIA SALINAS VICE CHAIR & CEO (AS OF 8/1/2018)) 0 176438 0 0 0 0 0 20283 0 1070 0 197791 0 0 ALMA SALAZAR VICE PRESIDENT, EDUCATION 0 125763 0 10000 0 0 0 4367 0 17017 0 157147 0 0 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. FOR DAVID RATTRAY, COMPENSATION ALLOCATED BETWEEN ORGANIZATIONS IS AS FOLLOWS: LA AREA CHAMBER OF COMMERCE FOUNDATION REPORTABLE COMPENSATION: $79,945 OTHER COMPENSATION: $15,054 UNITE-LA, INC. (UNRELATED ORGANIZATION) REPORTABLE COMPENSATION: $119,917 OTHER COMPENSATION: $22,580 FORM 990, PART V, LINE 2A: 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. THE COMPENSATION REPORTED ON PART VII FOR DAVID RATTRAY, LA CHAMBER FOUNDATION'S, SENIOR VP OF EDUCATION, REFLECTS THE PORTION OF HIS TOTAL COMPENSATION RECEIVED FROM LA AREA CHAMBER OF COMMERCE THAT IS ATTRIBUTED TO HIS SERVICES RENDERED TO THE LA CHAMBER FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B LA CHAMBER FOUNDATION DRAFT 990 TAX AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY FOUNDATION 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 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, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 397,105. MANAGEMENT AND GENERAL EXPENSES -503. FUNDRAISING EXPENSES -431. TOTAL EXPENSES 396,171. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 39,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,000. 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 SOUTHERN CALIFORNIA LEADERSHIP NETWORK 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 931055450 CIVIC CA 501(C)(3) 7 LACC 0 LA JOBS PAC 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 205731010 PAC CA 527 LACC 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 LOS ANGELES AREA CHAMBER OF COMMERCE K 77000 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE M 316918 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 3003287 ACTUAL COST