Beverly Hills Chamber Of Commerce & Civic Association
- Assets
- $6.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Beverly Hills, CA
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 95-0548070
Organization Overview
Beverly Hills Chamber Of Commerce & Civic Association is located in Beverly Hills, CA. The organization was established in 1942. 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. As of 06/2023, Beverly Hills Chamber Of Commerce & Civic Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Hills Chamber Of Commerce & Civic Association 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 06/2023, Beverly Hills Chamber Of Commerce & Civic Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 1.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND BETTERMENT OF COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS:THE CHAMBER PRODUCED A SERIES OF MONTHLY, QUARTERLY AND 4 EVENTS WITH THE PURPOSE OF SERVING OUR MEMBERS AND LOCAL COMMUNITY WITH NETWORKING, EDUCATIONAL, PROMOTIONAL, AND CELEBRATORY OPPORTUNITIES.
ECONOMIC DEV./GOV. AFFAIR:THE GOVT. AFFAIRS COMMITTEE ADDRESSES ISSUES THAT IMPACT THE BUSINESS COMMUNITY AND BUSINESS CLIMATE, INCLUDING URBAN PLANNING, TRANSPORTATION, TAXATION AND TOURISM. THE COMMITTEE MEETS THE THIRD THURSDAY OF EVERY MONTH TO HEAR FROM A VARIETY OF SPEAKERS WHO EDUCATE CHAMBER MEMBERS ABOUT REGULATORY ISSUES BEING PROPOSED IN BEVERLY HILLS AND SURROUNDING JURISDICTIONS. THE ECONOMIC DEVELOPMENT COUNCIL IS A GROUP THAT MEETS MONTHLY TO HEAR NEWS, DEVELOPMENTS AND TRENDS OF INTEREST TO THE REGIONAL BUSINESS COMMUNITY.
MEMBER SERVICES:THE CHAMBER ENGAGED MEMBERS AND SPONSORS THROUGH OUR SMALL BUSINESS AND CHAIRMAN'S CIRCLE PACKAGES IN ADDITION TO PROGRAMS AND OPPORTUNITIES DESIGNED TO PROVIDE A WIDE RANGE OF BENEFITS TO BUSINESSES ACROSS VARIOUS INDUSTRIES IN THE BEVERLY HILLS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Vahdani Director | Trustee | 1 | $0 |
Charles L Black III Director | Trustee | 1 | $0 |
Chris Bonbright Director | Trustee | 1 | $0 |
Chris Gleeson Director | Trustee | 1 | $0 |
David Haimovitz Director | Trustee | 1 | $0 |
David Mirharooni Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $516,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,420 |
| Noncash contributions included in lines 1a–1f | $60,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,847 |
| Total Program Service Revenue | $961,453 |
| Investment income | $182,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$133,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,605,598 |
| 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. | $305,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $588,520 |
| Other salaries and wages | $8,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,120 |
| Payroll taxes | $65,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,174 |
| Fees for services: Accounting | $9,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,593 |
| Fees for services: Other | $12,165 |
| Advertising and promotion | $112,984 |
| Office expenses | $44,784 |
| Information technology | $8,825 |
| Royalties | $0 |
| Occupancy | $51,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,400 |
| Insurance | $16,202 |
| All other expenses | $57,162 |
| Total functional expenses | $1,795,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,388 |
| Savings and temporary cash investments | $103,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,054 |
| 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 | $38,453 |
| Net Land, buildings, and equipment | $2,773,983 |
| Investments—publicly traded securities | $3,235,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,393,972 |
| Accounts payable and accrued expenses | $91,102 |
| Grants payable | $0 |
| Deferred revenue | $63,242 |
| 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 | $243,813 |
| Total liabilities | $398,157 |
| Net assets without donor restrictions | $5,995,815 |
| 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 | $6,393,972 |