2026-07-07T13:23:11-05:00 2024-12-31 952302617 SINGERLEWAK LLP 160 W SANTA CLARA ST STE 600 SAN JOSE CA 95113 990 2024-01-01 941659396 SAN JOSE SILICON VALLEY CHAMBER OF COMMERCE SANJ 4082915250 101 W SANTA CLARA STREET SAN JOSE CA 95113 LEAH TOENISKOETTER PRESIDENT & CEO 4082915250 2026-06-16 1 0 JEROME BELLOTTI P00846805 4082943924 2026-06-16 2024 2025-03-06 01:10:19Z X LEAH TOENISKOETTER 101 W SANTA CLARA STREET SAN JOSE CA 95113 1264531 0 X WWW.SJCHAMBER.COM X 1886 CA THE CHAMBER'S MISSION IS TO CREATE A STRONG LOCAL ECONOMY, PROVIDE PREMIER BUSINESS CONNECTIONS AND VISABILITY, REPRESENT THE INTERESTS OF BUSINESS TO GOVERNMENT, PROMOTE THE COMMUNITY AND INITIATE POLITICAL AND COMMUNITY ACTION. 38 36 11 47 -34775 0 62075 36580 1060176 907638 26832 580 -3070 -16317 1146013 928481 0 0 0 0 695838 848147 0 0 0 559102 621426 1254940 1469573 -108927 -541092 5048516 4687325 4248380 4428281 800136 259044 THE CHAMBER'S MISSION IS TO CREATE A STRONG LOCAL ECONOMY, PROVIDE PREMIER BUSINESS CONNECTIONS AND VISIBILITY, REPRESENT THE INTERESTS OF BUSINESS TO GOVERNMENT, PROMOTE THE COMMUNITY AND INITIATE POLITICAL AND COMMUNITY ACTION. 0 0 NETWORKING EVENTS PROGRAM PROVIDES THE OPPORTUNITY FOR THE BUSINESS COMMUNITY TO NETWORK WITH THE EXPRESS PURPOSE OF PROMOTING THEIR BUSINESS. PUBLIC POLICY PROGRAM PROVIDES ADVOCACY TO PROTECT, PROMOTE AND ADVANCE THE ABILITY FOR BUSINESSES TO OPERATE EFFECTIVELY IN THE SAN JOSE SILICON VALLEY REGION. COMMUNITY DEVELOPMENT PROGRAM PROVIDES SUPPORT FOR NON-PROFIT MEMBERS AND FUNDRAISING FOR COMMUNITY NEEDS 0 0 0 1 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 1 0 0 0 0 1 0 0 1 X 11 0 1 11 1 1 1 0 0 0 0 0 0 0 X 38 36 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X EDWARD A DAVIS 4082877911 333 W SANTA CLARA ST STE 800 SAN JOSE CA 95113 LEAH TOENISKOETTER PRESIDENT & CEO 40.00 X X 278873 0 1547 TOLGA ACAR DIRECTOR 0.50 X 0 0 0 MICHELLE ACOSTA DIRECTOR 0.50 X 0 0 0 NICHOLAS ADAMS DIRECTOR/ CHAIRMAN 0.50 X X 0 0 0 GENO ASHLEY DIRECTOR / COUNSEL 0.50 X X 0 0 0 MATT BERNARDIS DIRECTOR 0.50 X 0 0 0 DANNY BOZZUTO DIRECTOR 0.50 X 0 0 0 VINCE CANTORE DIRECTOR 0.50 X 0 0 0 ED DAVIS DIRECTOR/TREASURER 0.50 X X 0 0 0 GARY DILLABOUGH DIRECTOR 0.50 X 0 0 0 JOAN ESCOVER DIRECTOR 0.50 X 0 0 0 CHARLIE FAAS DIRECTOR 0.50 X 0 0 0 COSME FAGUNDO DIRECTOR 0.50 X 0 0 0 ARASH FIROUZJAEI DIRECTOR 0.50 X 0 0 0 PATRICK FRAWLEY DIRECTOR 0.50 X 0 0 0 DEE ANN HARN DIRECTOR 0.50 X 0 0 0 ELLEN KAMEI DIRECTOR 0.50 X 0 0 0 DENNIS KING DIRECTOR 0.50 X 0 0 0 BILL LEE DIRECTOR 0.50 X 0 0 0 SEAN LERNIHAN DIRECTOR 0.50 X 0 0 0 ROBERT LINDO DIRECTOR/ VICE CHAIR 0.50 X X 0 0 0 BRYAN MACQUARRIE DIRECTOR 0.50 X 0 0 0 WALTER MAGNUSON DIRECTOR 0.50 X 0 0 0 KEVIN MCCLELLAND DIRECTOR 0.50 X 0 0 0 SUE NEWSOM DIRECTOR 0.50 X 0 0 0 JONATHAN NOBLE DIRECTOR 0.50 X 0 0 0 MICHAEL PASTRICK DIRECTOR 0.50 X 0 0 0 CHRISTINA RAMOS DIRECTOR 0.50 X 0 0 0 ROBERT RECKIS DIRECTOR 0.50 X 0 0 0 JIM REED DIRECTOR 0.50 X 0 0 0 ROGER REEDY DIRECTOR 0.50 X 0 0 0 TOM ROBINSON DIRECTOR 0.50 X 0 0 0 JEANNE SERPA SECOND VICE CHAIR 0.50 X X 0 0 0 ALEX STETTINSKI DIRECTOR 0.50 X 0 0 0 MEGAN TOENISKOETTER DIRECTOR 0.50 X 0 0 0 ERNIE YAMANE DIRECTOR 0.50 X 0 0 0 ANGELA KELLY CHIEF OPERATING OFFICER 40.00 X 114647 0 700 LIZ RIVAS SENIOR ACCOUNTANT 40.00 X 108860 0 1200 502380 0 3447 3 0 1 0 0 X 36580 36580 36580 NETWORKING AND EVENTS 900099 456691 456691 MEMBERSHIP DUES 900099 426695 426695 OTHER 900099 21252 21252 PUBLIC POLICY 900099 3000 3000 907638 580 580 295733 336050 -40317 -40317 -34775 -5542 MANAGEMENT FEES 900099 24000 24000 24000 928481 0 -34775 926676 713869 32635 7384 94259 935 24595 39030 30341 37460 69830 11355 VENUE FEE 174586 EVENT EXPENSES 60068 IN-KIND DONATIONS 36580 SUBSCRIPTIONS & PUBLICA 32447 104199 1469573 492107 422903 201679 85642 7225 1728 6699978 2522926 4347505 4177052 5048516 4687325 170210 74694 76640 249994 142675 146388 3858855 3957205 4248380 4428281 X -601681 -1142773 1401817 1401817 800136 259044 5048516 4687325 -541092 0 X X 1 X 0 1 0 0 0 0 648906 682880 682880 5724656 2261306 3463350 292442 261620 30822 4177052 PROMISSORY NOTE - SJCBF 3500000 ACCRUED INTEREST - SJCBF 457205 3957205 X 986081 57600 57600 928481 0 928481 1527173 57600 57600 1469573 0 1469573 PART X, LINE 2: THE CHAMBER HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("IRC") AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE IRC AND FROM STATE INCOME TAXES UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(E). ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ALTHOUGH THE CHAMBER IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE CHAMBER DOES NOT BELIEVE IT HAS UBTI THAT SHOULD BE REPORTED FOR TAX PURPOSES. THE CHAMBER APPLIES THE PROVISIONS SET FORTH IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740 TO ACCOUNT FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL FILING POSITIONS TAKEN BY THE CHAMBER IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION; THEREFORE, NO LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2024. THE CHAMBER'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR THE YEARS ENDED DECEMBER 31, 2022 THROUGH DECEMBER 31, 2024 COULD BE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE CHAMBER'S STATE RETURNS FOR THE YEARS ENDED DECEMBER 31, 2020 THROUGH DECEMBER 31, 2023 PART XI, LINE 2D - OTHER ADJUSTMENTS: IN KIND DONATIONS 57,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN KIND DONATION 57,600. X X 0 0 0 LEAH TOENISKOETTER PRESIDENT & CEO 278873 0 0 0 0 0 0 0 1547 0 280420 0 0 0 X 22980 COST OF DONATED PROPERTY X TICKETS 2 13000 COST OF DONATED PROP X LAPTOP 0 600 THRIFT SHOP VALUE 0 0 0 FORM 990,PART V LINE 7G DURING THE YEAR 2024 THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY, AS A RESULT, FORM 8899 WAS NOT FILED. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CHAMBER INCLUDES COMPANIES AND INDIVIDUALS WHO PAY FOR MEMBERSHIP TO THE CHAMBER. FORM 990, PART VI, SECTION A, LINE 7A INDIVIDUAL MEMBERS AND INDIVIDUALS REPRESENTING THE COMPANIES ARE ELECTED TO THE CHAMBER'S BOARD OF DIRECTORS FOR A TERM OF THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN BOARD MEMBERS, WHO ARE INDIVIDUALS, ARE ALSO MEMBERS OF THE CHAMBER AND THEREFORE HAVE THE RIGHT TO VOTE ON CHAMBER MATTERS. CURRENTLY, ONLY ONE MEMBER, WHO IS AN INDIVIDUAL, IS ALSO A DIRECTOR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS PROVIDED A DRAFT OF FORM 990 FOR ITS REVIEW. AFTER ALL QUESTIONS ARE ADDRESSED THE BOARD WILL AUTHORIZE THE CEO AND DIRECTOR OF FINANCE TO FILE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE ASKED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE CHAMBER CEO AS SOON AS SUCH CONFLICTS ARISE SO THAT THE CONFLICT MAY BE RESOLVED AND/OR APPROPRIATE STEPS MAY BE TAKEN TO PREVENT A POTENTIAL CONFLICT OF INTEREST FROM BECOMING AN ACTUAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IN COMPLIANCE WITH THE CHAMBER'S CONFLICT OF INTEREST POLICY, THE CEO RECUSES THEMSELF FROM DISCUSSIONS RELATING TO THE CEO'S COMPENSATION SO THAT THEY DO NOT HAVE ANY ROLE IN THE DISCUSSIONS AND VOTING ON MATTERS PERTAINING TO THIS TOPIC. THE BOARD REVIEWS THE CEO'S PERFORMANCE, REVIEWS COMPARABLE SALARIES OF CEOS OF COMPARABLE NON-PROFIT ORGANIZATIONS AND DETERMINES A REASONABLE LEVEL OF COMPENSATION IN RETURN FOR THE SERVICES THE CEO IS RENDERING TO THE CHAMBER IN FURTHERANCE OF ITS TAX-EXEMPT PURPOSE. CEO'S ANNUAL CONTRACT IS SIGNED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE REVIWED AND APPROVED BY THE EXECUTIVE BOARD AND THE BOARD OF DIRECTORS. A COPY OF THE FINANCIALS ARE GIVEN TO THE BOARD OF DIRECTORS AND ARE ON FILE AND AVAILABLE UPON REQUEST TO THE PUBLIC. FORM 990, PAGE 1, BOX B - AMENDED RETURN EXPLANATION THE TAXPAYER IS AMENDING THE ORIGINALLY FILED 2024 FEDERAL FORMS 990 AND CALIFORNIA FORMS 199 IN ORDER TO REPORT FINAL BALANCE SHEET, STATEMENT OF REVENUE AND STATEMENT OF FUNCTIONAL EXPENSES PER REVIEWED FINANCIAL STATEMENTS THAT WERE APPROVED BY THE BOARD OF DIRECTORS IN APRIL 2026. THERE IS AN OVERALL DECREASE IN NET ASSETS BY $230,613. THE FOLLOWING SCHEDULES AND LINE ITEMS CHANGED: PAGE 1, PART I, LINE 7A, 9, 11, 12, 17, 18, 19, 20, 21, 22 PAGE 9, PART VIII, LINE 2A, 2B, 2G, 6B, 6C, 12 PAGE 10, PART IX, LINE 20, 24E, 25 PAGE 11, PART X, COL (B) LINE 4, 9, 16, 17, 19, 25, 26, 27, 32, 33 PAGE 12, PART XI, LINE 1, 2, 3, 10 SCH. D, PAGE 3, PART X, LINE 1.(3) SCH. D, PAGE 4, PART XI, LINE 1, 3, 5 SCH. D, PAGE 4, PART XII, LINE 1, 3, 5 FORM 990-T, SCH A, ENTITY 2, PAGE 1 PART I, LINE 7(A), 7(B), 7(C) FORM 990-T SCH A, ENTITY 2, PAGE 2, PART V, LINE 3B, 3C, 4, 7, 6, 8, 9, 10 FORM 990,PART XI, LINE 2C THE CHAMBER'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDIT FIRM. SAN JOSE SILICON VALLEY COMMUNITY BENEFIT FOUNDATION 101 WEST SANTA CLARA ST SAN JOSE CA 95113 770351510 PROVIDES EDUCATION AND LEADERSHIP TRAINING/DEVELOPMENT IN SAN JOSE CA 501(C)(3) 509(A)(2) N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 SAN JOSE SILICON VALLEY COMMUNITY BENEFIT FOUNDATION L 24000 FAIR MARKET VALUE SAN JOSE SILICON VALLEY COMMUNITY BENEFIT FOUNDATION E 3948443 FAIR MARKET VALUE