Wilshire Center Business Improvement Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954508775 ✦ Los angeles, CA ✦ Designated as a 501(c)(6)

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Overview

What is Wilshire Center Business Improvement Corp?

The Wilshire Center Business Improvement Corp is a nonprofit organization situated in Los Angeles, California, specifically at 3600 Wilshire Blvd STE 1032. Their primary mission is to boost the overall business environment and economic interests within the Wilshire Center area of Los Angeles. This entails advocating for and supporting businesses located in this region, ultimately aiming to enhance the local business climate.


Official website here: www.wilshirecenter.com

Is Wilshire Center Business Improvement Corp legitimate?

Wilshire Center Business Improvement Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wilshire Center Business Improvement Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wilshirecenter.com

What is the mission statement of Wilshire Center Business Improvement Corp?

The Wilshire Center Business Improvement Corp is committed to enhancing the overall business environment and promoting the economic interests of businesses situated within a specific area. Their primary goal is to improve the general business climate, aiming to foster growth and prosperity for these businesses. They operate in a strategic area, yet the specific location is not specified in the provided information. Their activities primarily focus on supporting and uplifting local businesses, thereby contributing to the local economy.


Official website here: www.wilshirecenter.com

Who is the CEO of Wilshire Center Business Improvement Corp?

Paul Kim is the President & Chairman Of The B of Wilshire Center Business Improvement Corp.


Official website here: www.wilshirecenter.com

What is the revenue of Wilshire Center Business Improvement Corp?

Wilshire Center Business Improvement Corp's revenue in 2022 was $647,903.


Official website here: www.wilshirecenter.com

Who are the executives of Wilshire Center Business Improvement Corp and what are their salaries?

There 8 volunteers at Wilshire Center Business Improvement Corp.


Here are 4 key members and their salaries:


Michael Russell (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Heathers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Kim (President & Chairman Of The B)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Sarebanha (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wilshirecenter.com

Where can I find the form 990 for Wilshire Center Business Improvement Corp?

Wilshire Center Business Improvement Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wilshirecenter.com

Learn more at the official website: www.wilshirecenter.com

Mission Statement of Wilshire Center Business Improvement Corp

Wilshire Center Business Improvement Corp, a nonprofit organization, is committed to enhancing the overall business environment and promoting the economic interests of businesses situated within the Wilshire Center area of Los Angeles, California. The primary mission of this corporation is to foster a conducive business climate, thereby benefiting the businesses operating in this specific area. The organization strives to achieve this goal by focusing on the economic interests of these businesses, ultimately contributing to the overall growth and development of the Wilshire Center community.

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Impact




October, 2024

Wilshire Center Business Improvement Corp plays a pivotal role in enhancing the business landscape of the Wilshire Center area in Los Angeles, California. By focusing on improving the general business climate, the organization fosters economic growth and stability for local businesses. This includes implementing initiatives that attract customers, support business development, and create a vibrant entrepreneurial environment.

Furthermore, their efforts contribute to the overall community improvement by enhancing the area's appeal, which can lead to increased foot traffic and investment. The Wilshire Center Business Improvement Corp actively engages with local stakeholders to address challenges and leverage opportunities, ensuring that the interests of businesses in the community are represented and prioritized. Through these initiatives, they help cultivate a thriving economic atmosphere that benefits both business owners and residents alike.




This information is meant to be a general summary of Wilshire Center Business Improvement Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$647,903 (2022)
Expenses
$592,135 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $740
  • Program Service Revenue: $647,163
  • Gross Receipts: $647,903

Assets and Liabilities:

  • Total Assets: $122,699
  • Total Liabilities: $35,811
  • Net Assets: $86,888

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BID ASSESSMENTS

Revenue

$647,163

Organization Details

Founding Year

1994

Principal Officer

Paul Kim

Main Address

3600 WILSHIRE BLVD STE 1032, Los Angeles, CA, 90010

NTEE Category

Code: S31 - Community improvement

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