Los Angeles Business Travel Association
- Assets
- $323.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hollywood, CA
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 95-4031059
Organization Overview
Los Angeles Business Travel Association is located in Hollywood, CA. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Los Angeles Business Travel 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 12/2022, Los Angeles Business Travel Association generated $140.7k 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 (6.1%) each year. All expenses for the organization totaled $81.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.9%) 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
2022
Describe the Organization's Program Activity:
Part 3
LABTA HELD VIRTUAL MONTHLY MEETINGS FROM JANUARY TO JUNE, THEN HELD IN PERSON MEETINGS IN JULY, AUGUST, OCTOBER, AND DECEMBER, WHERE WE PRESENTED SPEAKERS TO OUR MEMBERS AND GUESTS TO EDUCATE THEM AND TO NETWORK WITH THEIR INDUSTRY COLLEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Palmer-Turner President | 5 | $0 | |
Rafael Grullon President Elect | 4 | $0 | |
Kelli Erving Vice President | 4 | $0 | |
Cathy Nicksin Secretary | 4 | $0 | |
Michael Burny Treasurer | 4 | $0 | |
Jason Holcomb Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,060 |
| Investment income | $395 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $120,266 |
| Total Revenue | $140,721 |
| 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 | $1,932 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5 |
| Other expenses | $79,088 |
| Total expenses | $81,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $323,762 |
| Other assets | $0 |
| Total assets | $323,762 |
| Total liabilities | $0 |
| Net assets or fund balances | $323,762 |