Los Angeles Chinatown Business Council is located in Los Angeles, CA. The organization was established in 2000. 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, Los Angeles Chinatown Business Council employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Chinatown Business Council 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, Los Angeles Chinatown Business Council generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 4.7% 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 ADVOCATE, FACILITATE AND/OR DIRECTLY IMPROVE PUBLIC SAFETY, CONDUCT SIDEWALK, GRAFFITI AND STREETSCAPE CLEANING PROGRAMS, IMAGE ENHANCEMENT AND PUBLIC SPACE PROGRAMS TO CREATE A SAFER, CLEANER, WELL-MANAGED LOS ANGELES CHINATOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND DAILY SIDEWALK SWEEPING SERVICES AND "CHINATOWN LOOKS CLEANER THAN IT EVER HAS" PROGRAM. ALSO FUNDED A PRIVATE SECURITY PATROL THAT COLLABORATES WITH THE LAPD IN DISCOURAGING PANHANDLERS AND OTHER NUISANCES FROM THE AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Yu Vice President | OfficerTrustee | 1 | $0 |
Martin Lee Secretary | OfficerTrustee | 1 | $0 |
Wilson Tang Treasurer | OfficerTrustee | 1 | $0 |
Scott Lee President | OfficerTrustee | 1 | $0 |
Wayland Tam Director | Trustee | 1 | $0 |
Alexis Readinger Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
La Conservation Corps Street Cleaning | 12/30/21 | $0 |
Allied Universal Security Services Security | 12/30/21 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,134,067 |
Investment income | $0 |
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 | $2,134,067 |
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. | $115,861 |
Compensation of current officers, directors, key employees. | $23,172 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $48,287 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,098 |
Payroll taxes | $6,383 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,045 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,531 |
Advertising and promotion | $0 |
Office expenses | $33,922 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,600 |
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 | $5,603 |
Insurance | $31,099 |
All other expenses | $226,142 |
Total functional expenses | $1,948,570 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $650 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $504,548 |
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 | $1,000 |
Net Land, buildings, and equipment | $7,559 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $12,003 |
Other assets | $0 |
Total assets | $525,760 |
Accounts payable and accrued expenses | $358,040 |
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 | $4 |
Total liabilities | $358,044 |
Net assets without donor restrictions | $167,716 |
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 | $525,760 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |