2024-05-15T14:28:38-05:00 2023-06-30 390758449 WIPFLI LLP 7733 FORSYTH BLVD SUITE 1200 ST LOUIS MO 63105 990 2022-07-01 953433541 GREATER IRVINE CHAMBER OF COMMERCE GREA 9496609112 36 EXECUTIVE PARK 100 IRVINE CA 92614 SANDRA CROUCH VP FINANCE 9496609112 2024-05-15 1 SANDRA CROUCH 999009999 1 KARYN A NUNN P00958489 3148622070 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DESTINATION IRVINE SANDRA CROUCH 36 EXECUTIVE PARK 100 IRVINE CA 92614 3888865 0 X WWW.IRVINECHAMBER.COM X 1979 CA TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE. 27 27 16 250 30005 0 0 0 3495943 3845100 3779 13760 32690 30005 3532412 3888865 0 0 0 0 1327349 1736858 0 0 0 1771660 2366545 3099009 4103403 433403 -214538 2589302 2284838 876709 786783 1712593 1498055 X THE MISSION OF THE GREATER IRVINE CHAMBER IS TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE. 0 0 BUSINESS AND ECONOMIC DEVELOPMENT/DESTINATION IRVINETHE CHAMBER'S ECONOMIC DEVELOPMENT DIVISION WORKS TO ATTRACT NEW BUSINESSES AND RETAIN EXISTING BUSINESSES IN IRVINE, SUPPORTS BUSINESS EXPANSION, FOSTERS NEW BUSINESS INCUBATION, AND SUPPORTS INTERNATIONAL BUSINESS AND TRADE. DESTINATION IRVINE POSITIONS THE CITY AS A DESTINATION FOR VISITORS, MEETINGS, GROUPS, AND SPORTS EVENTS, THROUGH DIRECT SALES EFFORTS INCLUDING ADVERTISING, DATABASE MARKETING, LEAD GENERATION, TRADE SHOW PARTICIPATION, FAMILIARIZATION TOURS, AND PUBLIC RELATIONS. DESTINATION IRVINE OFFERS COMPLIMENTARY PLANNING AND SUPPORT SERVICES TO GROUPS HOLDING EVENTS IN IRVINE. MEMBERSHIP SERVICES & EVENTSMEMBERSHIP SERVICES RECRUITS AND RETAINS MEMBERS AND OFFERS BUSINESS GROWTH SUPPORT THROUGH ITS LEADS-GENERATION PROGRAM, EDUCATIONAL AND NETWORKING EVENTS, AWARD RECOGNITIONS, AND BY FACILITATING BUSINESS CELEBRATIONS FOR MEMBERS. THE CHAMBER TYPICALLY OFFERS MORE THAN 400 EVENTS ANNUALLY FROM INFORMAL TO SIGNATURE EVENTS THAT ATTRACT FROM 40 TO 800 GUESTS, RESPECTIVELY-PROVIDING NETWORKING, EDUCATIONAL, AND BUSINESS GROWTH OPPORTUNITIES TO CHAMBER MEMBERS AND BUSINESS AND COMMUNITY LEADERS AT LARGE. COMMUNICATIONS & GOVERNMENT AFFAIRS THE CHAMBER'S COMMUNICATIONS STRATEGY FOCUSES ON BRANDING, AWARENESS, AND ENGAGEMENT TO ENHANCE THE VALUE OF THE CHAMBER AND ITS MISSION: TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE. THE CHAMBER COMMUNICATES ITS MISSION, CORE VALUES, AND ACCOMPLISHMENTS TO LOCAL, REGIONAL, NATIONAL, AND GLOBAL AUDIENCES. THE SCOPE OF WORK INCLUDES BRANDING, MARKETING, DIGITAL CONTENT, WEBSITES, PRINT COLLATERAL, NEWS, SOCIAL MEDIA, VIDEO CONTENT, AND MEDIA, MEMBER, AND PUBLIC RELATIONS. THE CHAMBER ALSO ADVOCATES FOR BUSINESS-FRIENDLY LEGISLATION AT THE LOCAL, STATE, AND NATIONAL LEVELS. THE CHAMBER'S GOVERNMENT AFFAIRS COMMITTEE HOLDS REGULAR MEETINGS THAT ARE OPEN TO MEMBERS AND GUESTS TO HEAR REPORTS FROM ELECTED OFFICIALS AND EXPERTS. ITS LEGISLATIVE POLICY HANDBOOK PROVIDES BACKGROUND ON RELEVANT ISSUES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 16 1 1 1 0 0 0 0 0 0 0 X 27 27 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SANDRA CROUCH 9496609112 36 EXECUTIVE PARK 100 IRVINE CA 92614 BRYAN STARR PRESIDENT & CEO/BOARD SECR 40.00 X 229558 0 5664 SANDRA CROUCH VICE PRESIDENT OF FINANCE 40.00 X 137329 0 11048 JESSICA WELCH EXECUTIVE VICE PRESIDENT 40.00 X 154549 0 4392 LAURA PERDEW VICE PRESIDENT COMMUNICATI 40.00 X 110076 0 12213 DOV LAZARUS TREASURER 0.50 X X 0 0 0 CARLOS OREGON CHAIR 0.50 X X 0 0 0 ANDREW BERNSTEIN DIRECTOR 0.50 X 0 0 0 BARRY DRASKOVICH DIRECTOR 0.50 X 0 0 0 BARRY L RODOLFF DIRECTOR 0.50 X 0 0 0 CARISSA BECHTLOFF DIRECTOR 0.50 X 0 0 0 CHRIS ARIAS DIRECTOR 0.50 X 0 0 0 CLAIRE NA DIRECTOR 0.50 X 0 0 0 DIANE BLAKE DIRECTOR 0.50 X 0 0 0 ERIC MORGAN DIRECTOR 0.50 X 0 0 0 EVAN HITTER DIRECTOR 0.50 X 0 0 0 JANEEN HILL DIRECTOR 0.50 X 0 0 0 JAS KAUR DIRECTOR 0.50 X 0 0 0 JEFF DAVIS DIRECTOR 0.50 X 0 0 0 KATE KLIMOW DIRECTOR 0.50 X 0 0 0 KATHY LAMM DIRECTOR 0.50 X 0 0 0 KELLEY LEE DIRECTOR 0.50 X 0 0 0 LISA THOMAS DIRECTOR 0.50 X 0 0 0 MADELYNN HIRNEISE DIRECTOR 0.50 X 0 0 0 MASSIS CHAHBAZIAN DIRECTOR 0.50 X 0 0 0 PETER SENKBEIL DIRECTOR 0.50 X 0 0 0 ROBERT SANTANA DIRECTOR 0.50 X 0 0 0 SCOTT NORTON DIRECTOR 0.50 X 0 0 0 SUSAN DEGRASSI DIRECTOR 0.50 X 0 0 0 TANIA PENA DIRECTOR 0.50 X 0 0 0 VIVIAN ATKINSON DIRECTOR 0.50 X 0 0 0 WENDY AID DIRECTOR 0.50 X 0 0 0 631512 0 33317 4 0 1 0 IRVINE COMPANY PO BOX 841420 LOS ANGELES CA 90084 OFFICE LEASE, INCLUDING PAYBACK OF DEFER 466425 EXPEDIA PO BOX 847677 DALLAS TX 75284 ADVERTISING 313429 IRVINE MARRIOTT 18000 VON KARMAN AVE IRVINE CA 92715 BALLROOM EVENT FOOD & BEVERAGE 141328 3 HOTEL IMPR. DISTRICT R 900099 2605185 2605185 MEMBERSHIP DUES 900099 601833 601833 PROGRAM EVENT INCOME 900099 474927 474927 BOARD OF DIRECTOR FEES 900099 36200 36200 CERTIFICATES OF ORIGIN 900099 26275 26275 100680 100680 3845100 3112 3112 10648 0 10648 10648 10648 ADVERTISING INCOME 541800 30005 30005 30005 3888865 3845100 30005 13760 383599 1185465 81170 86624 34500 108631 1013516 270849 62989 255264 79559 30989 6310 PROG. EVENT PRODUCTION 269564 COMMUNITY RELATIONS 20316 INTERNET AND TELEPHONE 11039 EQUIPMENT LEASE 3768 199251 4103403 1089743 269511 533834 1465595 546596 66329 120204 93200 295562 281577 39269 13985 259656 376218 2589302 2284838 133865 343417 230128 211388 150000 0 362716 231978 876709 786783 X 815372 967514 897221 530541 1712593 1498055 2589302 2284838 -214538 0 X X 0 1 X 1 0 102373 98037 4336 110897 108361 2536 82292 75179 7113 13985 DEFERRED RENT 712 DEPOSITS 231266 231978 X 3888865 0 3888865 0 3888865 4103403 0 4103403 0 4103403 PART X, LINE 2: THE CHAMBER IS A NONPROFIT CHAMBER AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. HOWEVER, THE CHAMBER IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS ACTIVITY REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS ACTIVITY, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE CHAMBER HAS APPLIED THE PROVISIONS OF "ASC SUBTOPIC 740-10, INCOME TAXES OVERALL," WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE MANAGEMENT OF THE CHAMBER BELIEVES THAT NO SUCH UNCERTAIN TAX POSITIONS EXIST AS OF JUNE 30, 2023. X X 0 0 0 BRYAN STARR PRESIDENT & CEO/BOARD SECR 222908 0 0 0 6650 0 0 0 5664 0 235222 0 0 0 JESSICA WELCH EXECUTIVE VICE PRESIDENT 113859 0 40690 0 0 0 0 0 4392 0 158941 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 REVISED BYLAW CHANGES WERE APPROVED IN APRIL 2023. SUCH CHANGES INCLUDE THE REMOVAL OF AN HID EXECUTIVE COMMITTEE POSITION, THE DESCRIPTION OF SAID POSITION, AND TO MODIFY THE NUMBER OF STANDING COMMITTEE CHAIRS AND MEMBERS AT LARGE IDENTIFIED IN SECTIONS 43 AND 47 OF THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 AS A CHAMBER OF COMMERCE, WE HAVE APPROXIMATELY FOUR HUNDRED AND FORTY THREE (443) MEMBERS FROM THE BUSINESS COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7A AT THE BEGINNING OF EACH FISCAL YEAR OF THE CHAMBER, THE CHAIR OF THE BOARD SHALL APPOINT A BOARD DEVELOPMENT COMMITTEE CONSISTING OF AT LEAST FIVE (5) MEMBERS, AT LEAST TWO (2) OF WHOM ARE MEMBERS OF THE BOARD OF DIRECTORS. THIS COMMITTEE SHALL NOMINATE A SLATE OF CANDIDATES CONSISTING OF UP TO TEN (10) NOMINEES, AS NEEDED, TO SERVE AS DIRECTORS, FILLING THE VACANCIES RESULTING FROM THE EXPIRATION OF THE TERMS OF RETIRING MEMBERS OF THE BOARD EACH YEAR. THE SLATE OF CANDIDATES SHALL BE SENT TO THE MEMBERSHIP BY U.S. MAIL, E-MAIL, OR A SIMILAR FORM OF COMMUNICATION NO LATER THAN MAY 1 OF EACH YEAR. ANY THIRTY (30) MEMBERS MAY NOMINATE ONE OR MORE MEMBERS FOR DIRECTOR BY FILING WITH THE SECRETARY OR CHIEF EXECUTIVE OFFICER OF THE CORPORATION AN APPROVED PETITION FORM NOT LATER THAN TEN (10) DAYS AFTER THE SLATE OF CANDIDATES IS SENT TO THE MEMBERSHIP IN ACCORDANCE WITH SUBSECTION (B). THE THIRTY (30) MEMBERS DESIGNATED ABOVE SHALL NOT INCLUDE MORE THAN ONE (1) SIGNATURE PER MEMBERSHIP. IF NO PETITIONS ARE FILED WITHIN TEN (10) DAYS AFTER THE SLATE OF CANDIDATES IS SENT TO THE MEMBERSHIP IN ACCORDANCE WITH SUBSECTION (B), THE SLATE OF CANDIDATES SELECTED BY THE BOARD DEVELOPMENT COMMITTEE ARE DEEMED ELECTED. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVES A COPY OF THE DRAFT FORM 990 PRIOR TO FILING WITH INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS ANNUALLY, AND EACH DIRECTOR CONFIRMS IN WRITING ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: ON AN ANNUAL BASIS THE BOARD OF DIRECTORS SELECTS A COMMITTEE OF 3 TO 5 BOARD MEMBERS, DESIGNATED THE COMPENSATION COMMITTEE, TO REVIEW THE CEO AND EVP'S PAST PERFORMANCE AS WELL AS HIS/HER SALARY. THE REVIEW BEGINS IN MAY OF EACH YEAR AND IS COMPLETED BY THE END OF THE FOLLOWING JULY. PAST PERFORMANCE IS REVIEWED, AND IF THE CEO AND EVP HAS MET HIS/HER GOALS, A BONUS MAY BE CONSIDERED. AREAS GENERALLY REVIEWED INCLUDE FINANCIAL PERFORMANCE OF THE ORGANIZATION, THE NUMBER OF NEW AND RENEWING MEMBERSHIPS, SUBORDINATE PERFORMANCES, CONTINUING EDUCATION ACCOMPLISHMENTS AND OTHER GOALS BASED ON PERFORMANCE LEVELS. ONCE THE REVIEW IS COMPLETED, THE SELECTED BOARD MEMBERS MEET WITH THE CEO AND EVP AND DISCUSS THE OUTCOME OF THE PERFORMANCE REVIEW. AT THAT TIME, A BONUS, IF EARNED, IS GRANTED TO THE CEO AND EVP BASED ON HIS/HER PERFORMANCE. THE COMPENSATION COMMITTEE THEN SETS NEW GOALS FOR THE NEW FISCAL YEAR, WHICH ARE PRESENTED TO THE CEO AND EVP SO THAT HE/SHE MAY MONITOR PROGRESS THROUGHOUT THE YEAR. LINE 15B: ON AN ANNUAL BASIS THE FINANCIAL AFFAIRS COMMITTEE MAKES A RECOMMENDATION FOR AN OVERALL BUDGETED SALARIES AMOUNT FOR ALL EMPLOYEES OTHER THAN THE CEO AND EVP. THIS MAY OR MAY NOT INCLUDE RAISES. THE TOTAL DOLLARS OF THE SALARIES, INCLUDING ANY INCREASES, ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL ALONG WITH THE ENTIRE BUDGET. ONCE THE BUDGET HAS BEEN APPROVED, THE BOARD RELIES ON THE CEO TO DETERMINE THE EXACT AMOUNT OF SALARY INCREASES FOR EACH EMPLOYEE. THE CEO PREPARES A REVIEW FOR EACH EMPLOYEE ON AN ANNUAL BASIS. BASED UPON THE EMPLOYEE OR STAFF'S PERFORMANCE THE CEO WILL GIVE THE EMPLOYEE A PERCENTAGE OR FLAT RATE INCREASE TO THE EMPLOYEE AND INFORMS THEM OF THE EFFECTIVE DATE OF THE INCREASE. THE TOTAL AMOUNT OF ALL SALARY INCREASES MAY NOT EXCEED THE AMOUNT APPROVED BY THE BOARD OF DIRECTORS IN THE BUDGET WITHOUT APPROVAL FROM THE BOARD OF DIRECTORS. THE SALARIES ARE MONITORED EACH MONTH BY THE FINANCIAL AFFAIRS COMMITTEE AND THE BOARD OF DIRECTORS TO MAKE SURE THAT THE TOTAL DOLLARS HAVEN'T EXCEEDED THE ANNUAL BUDGETED AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 THE CHAMBER'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL FINANCIAL STATEMENTS ARE AVAILIABLE UPON REQUEST. FORM 990, PART XII LINE 2C THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.