Orange County Business Council
- Assets
- $1.5m
- Revenue
- $3.2m
- Investments
- $564.8k
- Employees
- 17
- Location
- Irvine, CA
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 23-7084107
Organization Overview
Orange County Business Council is located in Irvine, CA. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Orange County Business Council employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orange County Business Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Orange County Business Council generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Orange County Business Council has awarded 1,434 individual grants totaling $9,041,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORANGE COUNTY BUSINESS COUNCIL REPRESENTS AND PROMOTES THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM TO FOSTER BUSINESS IN THE ORANGE COUNTY AREA.
SPECIFIC PROGRAMS, EVENTS, CONFERENCES REGARDING PROMOTION AND STUDY OF BUSINESS IN THE ORANGE COUNTY AREA.
ECONOMIC RESEARCH REGARDING THE ORANGE COUNTY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jena Jensen Director | Trustee | 1 | $0 |
Rick Nogueira Director | Trustee | 1 | $0 |
Juan C Basombrio Director | Trustee | 1 | $0 |
Abigail Lovell Director | Trustee | 1 | $0 |
Shari Battle Director | Trustee | 1 | $0 |
Robert L Mayer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tccg Inc Research | 12/30/23 | $209,125 |
Natalie Rubalcava Management | 12/30/23 | $107,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,000 |
| Total Program Service Revenue | $3,107,015 |
| Investment income | $15,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,177,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $635,170 |
| Compensation of current officers, directors, key employees. | $72,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,473 |
| Pension plan accruals and contributions | $31,928 |
| Other employee benefits | $70,068 |
| Payroll taxes | $92,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,162 |
| Advertising and promotion | $22,993 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,066 |
| All other expenses | $64,084 |
| Total functional expenses | $3,132,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,086 |
| Savings and temporary cash investments | $5,276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $564,821 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $356,551 |
| Total assets | $1,502,704 |
| Accounts payable and accrued expenses | $331,376 |
| Grants payable | $0 |
| Deferred revenue | $45,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $398,213 |
| Total liabilities | $775,539 |
| Net assets without donor restrictions | $707,314 |
| Net assets with donor restrictions | $19,851 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,502,704 |
Grants Awarded
Over the last fiscal year, Orange County Business Council has awarded $9,041,500 in support to 1,434 organizations.
| Grant Recipient | Amount |
|---|---|
18 FOLDS INC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |
21 OCEANFRONT RESTAURANT INC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |
206 BCE INC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |
3 11 INC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |
3 CHICAS UNIDAS LLC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |
3 PETALS GROUP LLC PURPOSE: COVID-SAFE RESTAURANT PROGRAM 2020 | $5,000 |