Inglewood Airport Area Chamber Of Commerce
- Assets
- $240.5k
- Revenue
- $216.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Inglewood, CA
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 95-6091970
Organization Overview
Inglewood Airport Area Chamber Of Commerce is located in Inglewood, CA. The organization was established in 1942. 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 06/2022, Inglewood Airport Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inglewood Airport Area Chamber Of Commerce 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 06/2022, Inglewood Airport Area Chamber Of Commerce generated $216.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $204.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NON PROFIT - CHAMBER OF COMMERCE CHAMBER OF COMMERCE IS A CIVIL ORGANIZATION THAT BRINGS TOGETHER INGLEWOOD AND AIRPORT AREA ENTREPRENEURS AND OTHER
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OF COMMERCE IS A CIVIL ORGANIZATION THAT BRINGS TOGETHER INGLEWOOD AND AIRPORT AREA ENTREPRENEURS AND OTHER MEMBERS BY GIVING THEM A VOICE ON ISSUES AFFECTING LOCAL BUSINESSES. THE MAJOR EXPENSES ARE THE EXPENSES RELATED TO THE DIRECTORY WHICH HELPS INTRODUCE THE ENTREPRENEURS TO THE PEOPLE LIVING IN THESE AREAS WHICH IS ONE OF THE MAIN PURPOSE OF THE ORGANIZATION AND SALARY TO PAY THE PEOPLE WHO HELP THE ORGANIZATION FULFILL IT'S PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Halimah Ginyard Current President | Officer | 40 | $0 |
Bruce Young Chairman | Officer | 0.3 | $0 |
Robert Gaskill Treasurer | Officer | 0.3 | $0 |
Tunisha Johnson Executive Baord Member | Officer | 0.3 | $0 |
April Stokes Secretary | Officer | 0.3 | $0 |
Chamberlin Duru Board Of Directors | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $139,200 |
| 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 | $139,200 |
| Total Program Service Revenue | $0 |
| 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 | $216,310 |
| 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. | $71,900 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $57,261 |
| Total functional expenses | $204,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,991 |
| Savings and temporary cash investments | $223 |
| 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 | $89,252 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,050 |
| Total assets | $240,516 |
| Accounts payable and accrued expenses | $39,069 |
| 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 | $0 |
| Total liabilities | $39,069 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $112,195 |
| Paid-in or capital surplus, or land, building, or equipment fund | $89,252 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $240,516 |