San Jose Chamber Of Commerce Community Benefit Foundation
- Assets
- $4.4m
- Revenue
- $629.1k
- Investments
- $587.0k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 77-0351510
Organization Overview
San Jose Chamber Of Commerce Community Benefit Foundation is located in San Jose, CA. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Jose Chamber Of Commerce Community Benefit Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, San Jose Chamber Of Commerce Community Benefit Foundation generated $629.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $231.0k during the year ending 12/2022. While expenses have increased by 4.2% 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
THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO PROVIDE EDUCATION AND LEADERSHIP TRAINING/DEVELOPMENT FOR THE BENEFIT OF THE GREATER SAN JOSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP SAN JOSE: THE PURPOSE OF THIS PROGRAM IS TO TRAIN BUSINESS AND COMMUNITY PERSONS TO BE LEADERS IN THEIR COMMUNITIES. THE PROGRAM PROVIDES IN-DEPTH KNOWLEDGE OF POLITICAL, ECONOMIC, GOVERNMENT AND EDUCATION STRUCTURES IN THE COMMUNITY. LEADERSHIP TRAINING IS INCORPORATED INTO THE SESSIONS TO TEACH PARTICIPANTS HOW TO TAKE ACTION TO SOLVE COMMUNITY PROBLEMS AND ISSUES. THE DAY-LONG SESSIONS ARE HELD MONTHLY IN VARIOUS PLACES THROUGHOUT THE COUNTY. THERE WERE NO PARTICIPANTS IN THIS YEAR'S PROGRAM.
STRIVE SAN JOSE: THE PURPOSE OF THIS PROGRAM IS TO CONNECT INDUSTRY ANDEDUCATION TO PREPARE ALL STUDENTS FOR SUCCESS. ITS GOAL IS TOFACILITATE DEEP REGIONAL PARTNERSHIPS BETWEEN SCHOOLS, HIGHER EDUCATIONINSTITUTIONS, EMPLOYERS, AND OTHER COMMUNITY PARTNERS TO ALIGNEDUCATION SYSTEMS WITH PATHWAYS TO CAREERS, INCLUDING MARKET ALIGNEDCURRICULA AND WORK-BASED LEARNING OPPORTUNITIES. THERE WERE NO PARTICIPANTS IN THIS YEAR'S PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janikke Klem Chair | OfficerTrustee | 1 | $0 |
Dora Wong Board Member | Trustee | 1 | $0 |
Heather Lerner Secretary | Trustee | 1 | $0 |
Tim Nguyen Board Member | Trustee | 1 | $0 |
Jodi Lax Board Member | Trustee | 1 | $0 |
Derrick Charles Seaver President | Trustee | 1 | $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 | $186,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,110 |
| Total Program Service Revenue | $334,469 |
| Investment income | $108,530 |
| 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 | $629,109 |
| 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 | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,266 |
| Total functional expenses | $230,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$20,661 |
| 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 | $3,500,000 |
| 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 | $586,968 |
| Investments—program-related | $31,485 |
| Intangible assets | $0 |
| Other assets | $268,723 |
| Total assets | $4,366,515 |
| Accounts payable and accrued expenses | $1,224 |
| 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 | $350,934 |
| Total liabilities | $352,158 |
| Net assets without donor restrictions | $4,014,357 |
| 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 | $4,366,515 |
Grants Awarded
Over the last fiscal year, San Jose Chamber Of Commerce Community Benefit Foundation has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OLINDER ELEMENTARY SCHOOL PURPOSE: LEGENDS & LEADERS EVENTS/EXCELLENCE IN EDUCATION | $1,500 |
WASHINGTON ELEMENTARY SCHOOL PURPOSE: LEGENDS & LEADERS EVENTS/EXCELLENCE IN EDUCATION | $1,500 |