Valley Business Alliance Inc
- Assets
- $207.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Hollywood, CA
- Founding
- 07/1982
- Data as of
- 12/2023
- EIN
- 95-3685547
Organization Overview
Valley Business Alliance Inc is located in West Hollywood, CA. The organization was established in 1982. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Business Alliance 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 12/2023, Valley Business Alliance Inc generated $197.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $230.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MOST SIGNIFICANT ACTIVITIES OF THE ORGANIZATION ARE TO PROMOTE LGBTQ BUSINESSES AND BUSINESS PROFESSIONALS BOTH INSIDE AND OUTSIDE THE LGBTQ COMMUNITY AND TO RAISE MONEY FOR COMMUNITY CHARITIES
Describe the Organization's Program Activity:
Part 3
MEMBERS BENEFITED FROM THE BUSINESS NETWORKING OPPORTUNITIES AFFORDED BY THE ORGANIZATION'S MEETINGS AND EVENTS AS WELL AS THE ORGANIZATION'S PROACTIVE EFFORTS TO PRESENT BUSINESS OPPORTUNITIES FOR ITS MEMBERS
THE LGBTQ COMMUNITY BENEFITTED DIRECTLY AND INDIRECTLY BY THE BUSINESS VISIBILITY GENERATED BY THE ORGANIZATION INCLUDING THE ORGANIZATION'S BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Wallace President | 10 | $0 | |
Marquita Thomas Past Executive Director | 40 | $5,217 | |
Jeremy Wilson Interim Executive Director | 15 | $23,493 | |
Patrick Kirkwood Executive Director | 40 | $37,412 | |
Ed Simon Vice President | 10 | $0 | |
Adam Isaac Ebert Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,465 |
| Membership dues | $121,169 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $67,275 |
| Total Revenue | $197,909 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,122 |
| Professional fees and other payments to independent contractors | $61,315 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $8,597 |
| Other expenses | $93,605 |
| Total expenses | $230,239 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $206,809 |
| Other assets | $0 |
| Total assets | $207,494 |
| Total liabilities | $0 |
| Net assets or fund balances | $207,494 |