2015-11-13T14:27:46-06:00 2014-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2014-01-01 952597392 LOS ANGELES AREA CHAMBER OF COMMERCE FOUNDATION LOSA 2135807521 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 BENJAMIN STILP CFO 2135807521 2015-11-10 1 NAZANIN BENYAMINI P00666808 3104773924 2015-10-23 2014 2016-02-25 16:41:14Z GARY TOEBBEN 350 SOUTH BIXEL STREET NO 201 LOS ANGELES CA 90017 3288319 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 62 0 250 0 0 2484081 2567153 0 0 0 0 548482 721166 3032563 3288319 514121 769528 0 0 1509230 1667553 0 0 139357 892047 1123420 2915398 3560501 117165 -272182 1481049 1233376 451962 476471 1029087 756905 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 3266787 769528 DURING 2014, LA CHAMBER OF COMMERCE FOUNDATION ACCOMPLISHED THE FOLLOWING ACTIVITIES, ALONG WITH ITS PARTNERS AND AFFILIATES.L.A. COMPACT-IN AUGUST, THE L.A. COMPACT PUBLISHED ITS NEW AGREEMENT, WITH 23 PARTNERS REPRESENTING L.A.'S MAJOR CIVIC ORGANIZATIONS COMMITTED TO WORKING TOGETHER TO TRANSFORM L.A.'S EDUCATION CRADLE TO CAREER PIPELINE. IN MAY, THE L.A. COMPACT WAS SELECTED TO REPRESENT L.A. AS ONE OF THE 35 COMMUNITIES IN LUMINA FOUNDATION'S COMMUNITY PARTNERSHIP FOR ATTAINMENT PROGRAM TO INCREASE POSTSECONDARY EDUCATIONAL ATTAINMENT. L.A. WILL RECEIVE TECHNICAL ASSISTANCE, DATA TOOLS AND FLEXIBLE FUNDING TO CUSTOMIZE ITS ATTAINMENT PLANS OVER THE NEXT THREE YEARS.THE L.A. COMMUNITY COLLEGE DISTRICT CHANCELLOR, FRANCISCO RODRIGUEZ, AND THE CSULA PRESIDENT, WILLIAM A. COVINO, BECAME OFFICIAL SIGNATORIES TO THE L.A. COMPACT. IN ADDITION, CAL POLY POMONA FORMALLY JOINED AND SIGNED THE L.A. COMPACT.IN OCTOBER, LA CHAMBER FOUNDATION PUBLISHED THE L.A. COMPACT MEASURES REPORT. A KEY SUCCESS: 14 PERCENT INCREASE IN LAUSD HIGH SCHOOL GRADUATION RATES FROM 2009 TO 2013, COMPARED WITH A 6 PERCENT INCREASE IN L.A. COUNTY.L.A. OPPORTUNITY YOUTH COLLABORATIVE (AFFILIATED TO THE L.A. COMPACT)-L.A. OPPORTUNITY YOUTH COLLABORATIVE (AFFILIATED TO THE L.A. COMPACT) AGREED TO INCREASE TRANSITION-AGE FOSTER YOUTH PARTICIPATION IN L.A. CITY'S HIRE L.A.'S SUMMER YOUTH EMPLOYMENT PROGRAM (SYEP). AS A RESULT OF THIS GROUP'S EFFORTS, 800 FOSTER YOUTH REGISTERED. IN ADDITION, L.A. OPPORTUNITY YOUTH COLLABORATIVE GALVANIZED SUPPORT FOR THE CAUSE FROM L.A. COUNTY.BUSINESS-EDUCATION PARTNERSHIP TEAM-LA CHAMBER FOUNDATION EXPANDED THE BUSINESS-EDUCATION PARTNERSHIP TEAM, HIRING TWO CAREER SPECIALISTS, TO PROVIDE LINKED LEARNING SUPPORT TO: FOUR LAUSD HEALTHCARE PATHWAY SCHOOLS, WHICH WILL IMPACT NEARLY 2,000 HIGH SCHOOL STUDENTS; AND FIVE ENGINEERING, LAW, AND TEACHING PATHWAY, WHICH IMPACTS ROUGHLY 1,100 STUDENTS. LA CHAMBER FOUNDATION EXPECTS TO HIRE AN ADDITIONAL BUSINESS EDUCATION PARTNERSHIP MANAGER BY THE BEGINNING OF 2015.PRINCIPAL FOR A DAY-IN OCTOBER, PRINCIPAL FOR A DAY SUCCESSFULLY PLACED 54 BUSINESS AND COMMUNITY LEADERS IN LAUSD HIGH SCHOOLS, GIVING THEM FIRST-HAND UNDERSTANDING OF THE ISSUES FACING URBAN SCHOOLS, AS WELL AS CREATING MEANINGFUL PARTNERSHIPS BETWEEN BUSINESS AND PUBLIC SCHOOLS.STEM HUB-THROUGH THE PARTNERSHIPS IT BUILDS, THE STEM HUB ADDRESSES REGIONAL NEEDS IN STEM EDUCATION, MOBILIZES THE LOCAL COMMUNITY, AND IMPLEMENTS INNOVATIVE AND EFFECTIVE STRATEGIES. SINCE 2013, THE STEM HUB HAS ESTABLISHED REGULAR COMMUNICATIONS, WITH A MONTHLY NEWSLETTER REACHING 700 CONTACTS.IN COLLABORATION WITH THE CA AFTERSCHOOL NETWORK AND LACOE, THE STEM HUB IS DEVELOPING A 3-YEAR STRATEGIC PLAN TO ADVANCE QUALITY STEM LEARNING OPPORTUNITIES IN AFTER-SCHOOL AND INFORMAL LEARNING ENVIRONMENTS. AN OUT-OF-SCHOOL-TIME COLLABORATIVE ACTION WORKGROUP, WITH PARTICIPATION OF 14 L.A. STAKEHOLDER ORGANIZATIONS IN STEM AFTERSCHOOL PROGRAMMING, CONVENED THIS FALL TO IDENTIFY REGIONAL PRIORITIES AND A METHOD FOR REGULARLY REPORTING PROGRESS ON STEM EDUCATION INDICATORS.CASH FOR COLLEGE-BETWEEN JANUARY - MARCH, CASH FOR COLLEGE HOSTED 183 WORKSHOPS, 50 OF WHICH TOOK PLACE ON SUPER SATURDAY (A 24% INCREASE OVER 2013), TO GUIDE COLLEGE APPLICANTS THROUGH THEIR FASFA APPLICATION, IMPACTING 9,127 STUDENTS.CASH FOR COLLEGE PARTICIPANTS RECEIVED $45 MILLION IN FINANCIAL AID THROUGH OUR WORKSHOPS, REPRESENTING A 69% RETURN ON INVESTMENT OVER 12 MONTHS - WELL OUTPACING THE STOCK MARKET. IN ADDITION, 161 STUDENTS RECEIVED $1,000 SCHOLARSHIPS AT THE 9TH ANNUAL CFC SCHOLARSHIP AWARDS. THE 13TH ANNUAL COLLEGE AND CAREER CONVENTION IN NOVEMBER, ATTRACTED 12,000 L.A. AREA STUDENTS AND FAMILIES.LA CHAMBER FOUNDATION EXCEEDED ITS GOAL OF 10,000 JOB OPPORTUNITIES IN L.A. CITY, AND WITH COMBINED INVESTMENTS, L.A. COUNTY YOUTH HAD ACCESS TO OVER 18,000 JOBS. PARTNERING WITH THE MAYOR, LAUSD, EWDD, DEIDRE LIND (MAYORS FUND), AND OTHER CBOS, STAFF DEVELOPED THE CURRICULUM ASSESSMENTS AND BADGE DESIGN FOR L.A.'S FIRST SUMMER OF LEARNING PROGRAM, WHICH AWARDED 25,000 DIGITAL BADGES. 3266787 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 X 63 62 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X BENJAMIN STILP 2135807521 350 SOUTH BIXEL STREET LOS ANGELES CA 90017 LETICIA AGUILAR DIRECTOR 1.00 X 0 0 0 ROD BANKS DIRECTOR 1.00 X 0 0 0 JOHN BARRETT DIRECTOR 1.00 X 0 0 0 DAN BECKERMAN DIRECTOR 1.00 X 0 0 0 ALICE BISNO 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 ED CASEY DIRECTOR 1.00 X 0 0 0 EUGENE CHI DIRECTOR 1.00 X 0 0 0 DAVID CRIPPENS DIRECTOR 1.00 X 0 0 0 JOSEPH CZYZYK 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 KENDRA DOYEL DIRECTOR 1.00 X 0 0 0 JOHN DUONG DIRECTOR 1.00 X 0 0 0 DAVID FLEMING DIRECTOR 1.00 X 0 0 0 JIM GARRISON DIRECTOR 1.00 X 0 0 0 RON GASTELUM DIRECTOR 1.00 X 0 0 0 VERONICA GUTIERREZ DIRECTOR 1.00 X 0 0 0 KAREN HATHAWAY DIRECTOR 1.00 X 0 0 0 AUGUSTAVIA HAYDEL DIRECTOR 1.00 X 0 0 0 MAUREEN HAYES DIRECTOR 1.00 X 0 0 0 FRAN INMAN DIRECTOR 1.00 X 0 0 0 CAROL JACKSON DIRECTOR 1.00 X 0 0 0 GEORGE KIEFFER DIRECTOR 1.00 X 0 0 0 MAUREEN KINDEL DIRECTOR 1.00 X 0 0 0 ROBERT LAGACE DIRECTOR 1.00 X 0 0 0 DEANE LEAVENWORTH DIRECTOR 1.00 X 0 0 0 JOHN LLEWELLYN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER C MARTIN DIRECTOR 1.00 X 0 0 0 LIDIA MARTINEZ DIRECTOR 1.00 X 0 0 0 TIM MCCALLION DIRECTOR 1.00 X 0 0 0 TAMMY MCGUINNESS DIRECTOR 1.00 X 0 0 0 TOM MCHENRY DIRECTOR 1.00 X 0 0 0 BRYAN MOELLER DIRECTOR 1.00 X 0 0 0 JERRY NEUMAN DIRECTOR 1.00 X 0 0 0 STEVE NISSEN DIRECTOR 1.00 X 0 0 0 TIMOTHY NOONAN DIRECTOR 1.00 X 0 0 0 LISA PITNEY DIRECTOR 1.00 X 0 0 0 TOM PRISELAC DIRECTOR 1.00 X 0 0 0 PHIL RECHT DIRECTOR 1.00 X 0 0 0 DENNIS RODRIGUEZ DIRECTOR 1.00 X 0 0 0 ALAN ROTHENBERG DIRECTOR 1.00 X 0 0 0 MICHAEL ROUSE DIRECTOR 1.00 X 0 0 0 MICHAEL SAVOY DIRECTOR 1.00 X 0 0 0 ANTHONY SCIARRINO DIRECTOR 1.00 X 0 0 0 GENE SEROKA DIRECTOR 1.00 X 0 0 0 BRANDON SHAMIM DIRECTOR 1.00 X 0 0 0 MIKE SILACCI DIRECTOR 1.00 X 0 0 0 ROD SPACKMAN DIRECTOR 1.00 X 0 0 0 FRANK STEPHAN DIRECTOR 1.00 X 0 0 0 MIKE TANNOURJI DIRECTOR 1.00 X 0 0 0 CHRIS THORNBERG DIRECTOR 1.00 X 0 0 0 MATTHEW TOLEDO DIRECTOR 1.00 X 0 0 0 FRANCISCO URIBE DIRECTOR 1.00 X 0 0 0 BRISSA SOTELO-VARGAS DIRECTOR 1.00 X 0 0 0 DENITA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 ROBERT WYMAN DIRECTOR 1.00 X 0 0 0 MICHELLE KERRICK DIRECTOR 1.00 X 0 0 0 WILLIAM CASWELL VICE CHAIR 1.00 X X 0 0 0 NOEL MASSIE CHAIR 1.00 X X 0 0 0 THOMAS SAYLES VICE CHAIR 1.00 X X 0 0 0 GARY TOEBBEN DIRECTOR AND CEO 1.00 40.00 X X 0 398473 32514 DAVID EADS CHIEF OPERATING OFFICER 1.00 40.00 X 0 208773 13683 BENJAMIN STILP TREASURER & CFO 1.00 40.00 X 0 147050 10512 DAVID RATTRAY SR.VP. EDUCATION & SECRETARY 40.00 1.00 X 0 173911 14449 CARLOS VALDERRAMA SR. VICE PRES., INTERNATIO 1.00 40.00 X 0 149796 16390 0 1078003 87548 0 0 1 0 0 410652 2156501 2567153 REIMBURSEMENT FROM AFF 561000 715720 715720 MISCELLANEOUS INCOME 900099 5446 5446 721166 3288319 0 0 721166 X 129449 129449 640079 640079 1407711 1288497 59607 59607 35561 33257 1152 1152 114814 105006 4904 4904 109467 100109 4679 4679 13850 13850 423344 380614 14440 28290 7889 7181 354 354 100056 73380 13338 13338 399526 359574 19976 19976 4186 2093 2093 TRAINING EVENTS AND CON 109647 109297 175 175 PRINTING 21570 19462 1054 1054 TELECOM 12266 6946 2660 2660 DUES & SUBSCRIPTIONS 7199 5549 825 825 23887 8387 15250 250 3560501 3266787 154357 139357 893196 637722 587853 477475 80000 42365 4186 0 38179 1481049 1233376 401962 476471 50000 0 451962 476471 X 202156 641927 826931 114978 1029087 756905 1481049 1233376 -272182 0 X 0 1 X 1 0 X 3502947 3433073 3265587 2484081 2567153 15252841 3502947 3433073 3265587 2484081 2567153 15252841 0 0 0 15252841 538270 715720 1253990 6791 15493 10212 5446 37942 3502947 3439864 3281080 3032563 3288319 16544773 0.92190 0.96390 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42365 4186 38179 38179 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE RESPECTIVELY AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE FOUNDATION ALSO APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC 740"). ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH ASC 740, 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 YEAR ENDED DECEMBER 31, 2014, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE FOUNDATION'S INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR ALL TAX YEARS ENDED ON OR AFTER DECEMBER 31, 2010 WITH REGARD TO ALL TAX POSITIONS AND RESULTS REPORTED. 1 COALITION FOR RESPONSIBLE COMMUNITY DEVELOPMENT 3101 SOUTH GRAND AVE LOS ANGELES CA 90007 202445113 501(C)(3) 129449 EDUCATION AND WORKFORCE DEVELOPMENT 1 SCHOLARSHIPS 133 640079 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 0 0 0 0 0 0 0 0 0 GARY TOEBBEN DIRECTOR AND CEO 0 340697 0 50000 0 7776 0 26954 0 5560 0 430987 0 0 DAVID EADS CHIEF OPERATING OFFICER 0 173863 0 27500 0 7410 0 6263 0 7420 0 222456 0 0 BENJAMIN STILP TREASURER & CFO 0 139550 0 7500 0 0 0 4412 0 6100 0 157562 0 0 DAVID RATTRAY SR.VP. EDUCATION & SECRETARY 0 153911 0 20000 0 0 0 5217 0 9232 0 188360 0 0 CARLOS VALDERRAMA SR. VICE PRES., INTERNATIO 0 139796 0 10000 0 0 0 4494 0 11896 0 166186 0 0 FORM 990, PART VI, SECTION B, LINE 11 LA CHAMBER FOUNDATION DRAFT 990 TAX AND RELATED SCHEDULES ARE PREPARED WITH OUTSIDE SUPPORT AND COORDINATION BY FOUNDATION CHIEF FINANCIAL OFFICER. A DRAFT OF THE 990 RETURN IS PRESENTED TO THE AUDIT COMMITTEE COMPRISED OF BOARD MEMBERS. 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 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 PROFESSIONAL SERVICE: PROGRAM SERVICE EXPENSES 291,869. MANAGEMENT AND GENERAL EXPENSES 14,440. FUNDRAISING EXPENSES 28,290. TOTAL EXPENSES 334,599. OUTSIDE RESEARCH: PROGRAM SERVICE EXPENSES 88,745. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,745. 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 58390 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE M 341136 ACTUAL COST LOS ANGELES AREA CHAMBER OF COMMERCE O 1667553 ACTUAL COST