Bay Area Industry Promotion Fund
- Assets
- $16.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Pleasanton, CA
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 93-1171607
Organization Overview
Bay Area Industry Promotion Fund is located in Pleasanton, CA. The organization was established in 1996. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2023, Bay Area Industry Promotion Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Industry Promotion Fund 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, Bay Area Industry Promotion Fund generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR RELATIONS & PROMOTION FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE TRADE THROUGH IMPROVING STANDARDS OF MATERIAL AND QUALITY OF CRAFTSMANSHIP AND GENERALLY PROMOTING AND ADVANCING THE GENERAL WELFARE OF THE SHEET METAL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean O'donoghue Executive Di | 40 | $471,569 | |
Michelle Acosta Trustee | Trustee | 1 | $0 |
Keith Atteberry Exec Comm Me | Trustee | 1 | $0 |
Leonard Bertolami Trustee | Trustee | 1 | $0 |
Bobby Bramlett Exec Comm Me | Trustee | 1 | $0 |
Duane Davies Exec Comm Me | 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 | $114,157 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,157 |
| Total Program Service Revenue | $3,837,091 |
| Investment income | $246,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $386,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,584,503 |
| 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 | $993,017 |
| Pension plan accruals and contributions | $124,590 |
| Other employee benefits | $188,402 |
| Payroll taxes | $54,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $316,642 |
| Fees for services: Accounting | $2,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,040 |
| Advertising and promotion | $6,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $252,680 |
| Travel | $19,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,291,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $469,412 |
| Total functional expenses | $5,215,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,369 |
| Savings and temporary cash investments | $770,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,223,318 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,710,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,095,026 |
| Accounts payable and accrued expenses | $335,029 |
| 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 | $124,590 |
| Total liabilities | $459,619 |
| Net assets without donor restrictions | $15,635,407 |
| 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 | $16,095,026 |