Culver City Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 950662765
- IRS 990 coverage
- 2014–2019
- Forms available
- Form 990 2019
- Location
- Culver City, CA, USA
- Phone
- 3102873850
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $349,960
- Expenses
- $350,078
- Assets
- $98,392
- Liabilities
- $47,287
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- COLIN DIAZ (PRESIDENT/CEO)
Highest reported compensation
- COLIN DIAZ (PRESIDENT/CEO): $79,740 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The culver city chamber of commerce is the authoritative voice of business that advocates and represents business interests and viewpoints on issues affecting their community. We actively seek to provide services, expertise, and resources in an open, mutually beneficial environment to help our members to succeed and prosper. We effectively promote the community, the chamber, its members and our accomplishments.
What it reported doing in 2019
The chamber, formed in 1921, continues to be the authoritative voice that advocates and represents culver city business interests and their viewpoints on issues affecting the entire culver city community. The chamber provides services, expertise and resources in an open, mutually beneficial way to help the 500 (approximate) chamber members to succeed and prosper as a vital part of the culver city community. The chamber sponsors and promotes business community events and meetings on a monthly or other periodic basis as follows: monthly breakfast meetings; other breakfast & luncheon meetings pertaining to specific issues; member hosted mixers; grand openings and milestone celebration for businesses; and, community stakeholder events. Approximately 1,600 people attended these events in total.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 22.8%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1% per year; rating input score 0; 28th percentile among comparable filings
- Asset growth: -1.7% per year; rating input score 0; 26th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 29 of 29 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $80K · 30 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2014 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.