California Association Of Business Brokers
- Assets
- $197.3k
- Revenue
- $258.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 77-0168768
Organization Overview
California Association Of Business Brokers is located in Fresno, CA. The organization was established in 2014. 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. California Association Of Business Brokers 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, California Association Of Business Brokers generated $258.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $274.8k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 7 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
THE CALIFORNIA ASSOCIATION OF BUSINESS BROKERS IS AN ASSOCIATION OF BUSINESS BROKERS AND MERGER AND ACQUISITION SPECIALISTS WHOSE GOAL IS TO PROMOTE THE GROWTH AND PROFESSIONALISM OF THE BUSINESS BROKERAGE COMMUNITY WITHIN OUR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. PROVIDED THE FOLLOWING EDUCATIONAL COURSES: A. CABB 101 2-DAY COURSE, REQUIRED OF MEMBERS - INTRODUCTION TO CALIFORNIA BUSINESS BROKERAGEB. CABB 201 - 1 DAY COURSE, REQUIRED OF MEMBERS ADVANCED RECASTING AND VALUATIONS C. CABB 130 1 DAY COURSE FINANCE FOR BUSINESS BROKERSD. IBBA 210 2-DAY COURSE - ANALYZING AND RECASTING FINANCIAL STATEMENTSE. IBBA 220 - INTRODUCTION TO PRICING SMALL BUSINESSESF. IBBA 301 - INTRODUCTION TO MERGERS AND ACQUISITIONS PROCESSG. CABB 501 1 DAY COURSE - CBB RENEWAL2. PROVIDED MEMBERS THE OPPORTUNITY TO OBTAIN THE DESIGNATION OF CERTIFIED BUSINESS BROKER, CBB. THIS DESIGNATION IS AWARDED UPON COMPLETION OF REQUIRED COURSES, A PERIOD OF EXPERIENCE IN THE INDUSTRY AND COMPLETION OF THE REQUIRED NUMBER AND/OR SIZE OF TRANSACTIONS. IT SIGNIFIES A LEVEL OF COMPETENCE AND ACCOMPLISHMENT TO PROSPECTIVE CLIENTS AND MEMBERS OF THE BUSINESS BROKERAGE COMMUNITY. 3. PROVIDED MONTHLY CABBINARS WEB SEMINARS ABOUT HOT TOPICS AND NEW WAYS TO IMPROVE YOUR PRACTICE AND SELL MORE. AND, WEEKLY EMAILS INCLUDING TIPS & RELEVANT STORIES.4. CABB PROVIDED ITS MEMBERS WITH A COMPLETE SET OF STANDARD FORMS DESIGNED JOINTLY BY ATTORNEYS AND BUSINESS BROKERS EXCLUSIVELY FOR THE BUSINESS BROKERAGE PROFESSION. THE FORMS INCLUDE A REPRESENTATION AGREEMENT LISTING FORM, PURCHASE AGREEMENT FOR BUSINESS ASSETS, STOCK PURCHASE AGREEMENT, DISCLOSURE FORMS FOR BOTH BUYERS AND SELLERS AND MANY MORE. THE FORMS ARE COPYRIGHT PROTECTED AND ARE AVAILABLE ONLY TO INDIVIDUAL MEMBERS OF CABB.5. HELD 2-DAY ANNUAL STATEWIDE CONFERENCE OFFERING TOP SPEAKERS, PRESENTATIONS, ROUNDTABLE DISCUSSIONS AND OPPORTUNITY TO MEET WITH INDUSTRY SPONSORS.6. PROVIDED REGIONAL NETWORKING OPPORTUNITIES INCLUDING QUARTERLY MEMBER MEETINGS TO EXCHANGE LISTINGS, NETWORK WITH OTHER BUSINESS BROKERS AND LISTEN TO PROFESSIONAL SPEAKERS ON TOPICS RELATING TO BUSINESS BROKERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Johnson Director | Trustee | 0 | $0 |
Ed Fixen Director | Trustee | 0 | $0 |
Matt Coletta Secretary | OfficerTrustee | 0 | $0 |
Tawnya Gilreath Director | Trustee | 0 | $0 |
Tony Moran Director | Trustee | 0 | $0 |
Randy Katz President | OfficerTrustee | 0 | $0 |
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 | $258,709 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,722 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $109,800 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,114 |
| Office expenses | $492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,039 |
| All other expenses | $2,552 |
| Total functional expenses | $274,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $19,932 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $197,298 |
| Accounts payable and accrued expenses | $5,966 |
| Grants payable | $0 |
| Deferred revenue | $71,671 |
| 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 | $0 |
| Total liabilities | $77,637 |
| Net assets without donor restrictions | $119,661 |
| 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 | $197,298 |