Center For Contract Compliance
- Assets
- $25.5m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Covina, CA
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 33-6037389
Organization Overview
Center For Contract Compliance is located in Covina, CA. The organization was established in 1986. 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. As of 12/2022, Center For Contract Compliance employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Contract Compliance 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 12/2022, Center For Contract Compliance generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Branden Lopez Director | 40 | $185,533 | |
Leonard Farol Contract Compliance Manager | 40 | $139,926 | |
Luis Carrillo Investigator | 40 | $122,998 | |
Frank Velazquez Investigator | 40 | $118,184 | |
Jayson Lopez Investigator | 40 | $118,648 | |
Ron Federico Management Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Southwest Administrators Administrative | 12/30/22 | $480,330 |
Mccament Consulting Consulting | 12/30/22 | $158,835 |
Cox Castle Nicholson Llp Legal | 12/30/22 | $434,939 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,309,514 |
| Investment income | $637,516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$252,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,694,171 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,676,588 |
| Pension plan accruals and contributions | $1,103,592 |
| Other employee benefits | $322,410 |
| Payroll taxes | $210,563 |
| Fees for services: Management | $480,330 |
| Fees for services: Legal | $446,689 |
| Fees for services: Accounting | $27,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,677 |
| Fees for services: Other | $158,835 |
| Advertising and promotion | $0 |
| Office expenses | $123,502 |
| Information technology | $15,188 |
| Royalties | $0 |
| Occupancy | $404,551 |
| Travel | $154,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,820 |
| Interest | $27,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,572 |
| Insurance | $102,003 |
| All other expenses | $173,590 |
| Total functional expenses | $7,057,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,835 |
| Savings and temporary cash investments | $821,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,226,731 |
| 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 | $106,419 |
| Net Land, buildings, and equipment | $2,903,609 |
| Investments—publicly traded securities | $20,415,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,474,936 |
| Accounts payable and accrued expenses | $150,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,053,619 |
| Total liabilities | $2,204,005 |
| Net assets without donor restrictions | $23,270,931 |
| Net assets with donor restrictions | $0 |
| 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 | $25,474,936 |