West Hollywood Chamber Of Commerce Inc
- Assets
- $488.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 11
- Location
- West Hollywood, CA
- Founding
- 08/1967
- Data as of
- 12/2021
- EIN
- 95-1359210
Organization Overview
West Hollywood Chamber Of Commerce Inc is located in West Hollywood, CA. The organization was established in 1967. 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 12/2021, West Hollywood Chamber Of Commerce Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Hollywood Chamber Of Commerce Inc 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, West Hollywood Chamber Of Commerce Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $837.5k during the year ending 12/2021. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMERCE IN WEST HOLLYWOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORT MANAGEMENT ORGANIZATION (TMO)--OFFERS COMMUTER TRANSPORTATION AND SERVICES TO THE WEST HOLLYWOOD COMMUNITY. SUCH SERVICES INCLUDE RIDE-SHARING INFORMATION, PARKING INFORMATION, AND BUS PASSES AND TOKENS. INFORMATION IS DISSEMINATED IN CHAMBER PUBLICATIONS REACHING OVER 10,000 PEOPLE.OTHER CHAMBER PROGRAMS --SERVICE THE MEMBERSHIP OF 500 AND THE LARGER BUSINESS COMMUNITY OF 3,000 BUSINESSES IN THE CITY OF WEST HOLLYWOOD. THE NEWSLETTER AND THE WEEKLY WRAP SHEET REACH OVER 4,000 PEOPLE. PROMOTION OF SEVERAL LOCAL SPECIAL EVENTS INCREASED BUSINESS IN WEST HOLLYWOOD. THE PROGRAM OF WORK CONSISTS OF NETWORKING EVENTS, SMALL BUSINESS SEMINARS, ENTERPRENEUR PROGRAM, PARKING PROGRAM, LEADERSHIP COUNCIL, HEALTH FAIR, JOB AND CAREER DEVELOPMENT FAIR, CREATIVE MEETINGS AND EVENTS AND ANNUAL EVENTS SUCH AS THE STATE OF THE CITY AND CREATIVE CITY AWARDS IN ADDITION TO COMMITTEES CONCERNING GOVERNMENT AFFAIRS, MEMBER RELATIONS, SPECIAL EVENTS AND FINANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genevieve Morrill President & CEO | Officer | 40 | $191,663 |
Keith Kaplan Past Chair | OfficerTrustee | 1 | $0 |
Sherri Franklin Director | OfficerTrustee | 1 | $0 |
Raja Sannidhi Secretary | OfficerTrustee | 1 | $0 |
Nick Rimedio Chair | OfficerTrustee | 1 | $0 |
Alexander Bazley CFO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,385 |
| Total Program Service Revenue | $1,022,835 |
| Investment income | $38 |
| 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 | $1,039,666 |
| 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. | $191,663 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,380 |
| Payroll taxes | $15,340 |
| Fees for services: Management | $4,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,511 |
| Advertising and promotion | $2,892 |
| Office expenses | $22,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,000 |
| 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 | $375 |
| Insurance | $7,236 |
| All other expenses | $21,013 |
| Total functional expenses | $837,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,236 |
| Savings and temporary cash investments | $469,289 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,600 |
| Total assets | $487,999 |
| Accounts payable and accrued expenses | $0 |
| 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 | $44,518 |
| Total liabilities | $44,518 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $443,481 |
| 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 | $487,999 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Hollywood Chamber Of Commerce Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Cedars-Sinai Medical Center Los Angeles, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |