Los Angeles Customs & Freight Brokers Association Inc

Organization Overview

Los Angeles Customs & Freight Brokers Association Inc is located in Manhattan Beach, CA. The organization was established in 1953. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Customs & Freight Brokers Association Inc 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 12/2021, Los Angeles Customs & Freight Brokers Association Inc generated $168.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $143.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASSOCIATION HOLDS EDUCATIONAL EVENTS, CONFERENCES, AND CUSTOMS BROKERS CLASSES FOR BROKER CERTIFICATION, US FDA WORKSHOPS, EXPORT/IMPORT WORKSHOPS, & MONTHLY EDUCATIONAL EVENTS RE. U.S. CUSTOMS LAWS, RULINGS, AND REGULATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WINTER SESSION BROKERS CLASSES - COURSES ARE EXAM PREPARATION COURSES FOR MEMBERS TO GET THEIR CUSTOMS BROKERS LICENSE.


SUMMER SESSION BROKERS CLASSES - COURSES ARE EXAM PREPARATION COURSES FOR MEMBERS TO GET THEIR CUSTOMS BROKERS LICENSE.


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Board, Officers & Key Employees

Name (title)Compensation
Pat Vangtan
Vice President
$0
Sandra Langford-Coty
President
$0
Sun Kim
Secretary
$0
Dan Monnier
Treasurer
$0
Karen Quintana
Chairman
$0
Barbie Clarke
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$70,650
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$70,650
Total Program Service Revenue$80,754
Investment income $5,836
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,745
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $168,947

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