California Association Of Business Brokers
- Assets
- $212.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- 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 12/2021, California Association Of Business Brokers generated $199.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $172.6k during the year ending 12/2021. While expenses have increased by 4.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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 |
|---|---|---|---|
Rich Schammel Director | 0 | $0 | |
Ronald Johnson Director | 0 | $0 | |
Matt Coletta Secretary | 0 | $0 | |
Ed Fixen President | 0 | $0 | |
Al Statz Director | 0 | $0 | |
John Homan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,255 |
| Membership dues | $155,368 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,628 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $91,344 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $188 |
| Other expenses | $81,086 |
| Total expenses | $172,618 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,830 |
| Other assets | $0 |
| Total assets | $212,574 |
| Total liabilities | $76,864 |
| Net assets or fund balances | $135,710 |
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