Los Angeles Bankruptcy Forum
- Assets
- $264.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1980
- Data as of
- 03/2024
- EIN
- 95-3471695
Organization Overview
Los Angeles Bankruptcy Forum is located in Los Angeles, CA. The organization was established in 1980. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Bankruptcy Forum 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 03/2024, Los Angeles Bankruptcy Forum generated $127.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $119.6k during the year ending 03/2024. While expenses have increased by 0.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
BI-MONTHLY MEETINGS OF MEMBERS TO DISCUSS MATTERS OF IMPORTANCE TO THE SOUTHERN CALIFORNIA BANKRUPTCY COMMUNITY. INCLUDES DINNER TO WHICH SPEAKERS ARE INVITED TO DISCUSS ISSUES IN THE BANKRUPTCY PROCESS. THE ANNUAL COST OF $48,940 IS COVERED BY CHARGES TO ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lovee Sarenas President | 0 | $0 | |
John-Patrick M Fritz Programs Chair | 0 | $0 | |
Sharon Kopman Vice President | 0 | $0 | |
Matthew P Sorenson Treasurer | 0 | $0 | |
Jolene Tanner Secretary | 0 | $0 | |
Amir Gamliel Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,416 |
| Total Program Service Revenue | $35,765 |
| Membership dues | $20,675 |
| Investment income | $2,473 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,329 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $735 |
| Other expenses | $75,020 |
| Total expenses | $119,557 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $247,528 |
| Other assets | $0 |
| Total assets | $264,281 |
| Total liabilities | $0 |
| Net assets or fund balances | $264,281 |