Socal Chapter Of The Ifa
- Assets
- $892.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-1986281
Organization Overview
Socal Chapter Of The Ifa is located in Sherman Oaks, CA. 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. Socal Chapter Of The Ifa 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 12/2023, Socal Chapter Of The Ifa generated $16.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $15.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 3 years. 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL MEETINGS AND WEBINARS ON FACTORING TOPICS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cummings President & CEO | 1 | $0 | |
Steven N Kurtz Secretary | 1 | $0 | |
Greg Salomon Director | 1 | $0 | |
Alexandra Scoggin Director | 1 | $0 | |
Derrick Wong CFO | 1 | $0 | |
Gino Clark Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,952 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,963 |
| 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 | $10,806 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,496 |
| Total expenses | $15,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $892 |
| Other assets | $0 |
| Total assets | $892 |
| Total liabilities | $0 |
| Net assets or fund balances | $892 |