LONG BEACH CENTER FOR ECONOMIC INCLUSION

EIN: 844693859 501(c)(3) Human Services

LONG BEACH, CA

Total Revenue
$1,076,275
Total Expenses
$519,768
Total Assets
$790,612
Net Assets
$774,572
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
SUNY LAY CHANG
Phone
3105626665
Tax Period
2023-01-01 to 2023-12-31

LONG BEACH CENTER FOR ECONOMIC INCLUSION, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $557K, a strong 52% operating margin.

Mission

LBCEI is a community development corporation that expands inclusive economic opportunities to build and sustain wealth for all communities in Long Beach.

Program Service Accomplishments

Program 1
Expenses: $481,157

Economic resiliencyThe long beach food support network is a collection of 9 food pantry partners and 3 neighborhood groups in long beach that have been working to meet the growing food insecurity...

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Economic resiliencyThe long beach food support network is a collection of 9 food pantry partners and 3 neighborhood groups in long beach that have been working to meet the growing food insecurity needs of under-served communities in our city. As t ed for free food has grown throughout the covid pandemic, this network has actively served more than 1,500 households every week since last April.Our initiatives include, offering financial literacy education for all ages; children, youth and adults. Expand multilingual financial literacy classes. Facilitate reintegration activities, including expungement workshops. Connect residents to financial institutions.

Program 2

Small Business LBCEI is committed to providing resources for small business owners. Through our LBCEI webinar series, small business owners learned new ways to look at business growth and the future...

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Small Business LBCEI is committed to providing resources for small business owners. Through our LBCEI webinar series, small business owners learned new ways to look at business growth and the future of the company. The key to business growth is setting a vision and solid foundation for your business and driving growth with new tools and an entrepreneurial mindset. Business experts taught new methods and tools that positioned companies for growth though vision, marketing, and sales. Our initiatives include, facilitate entrepreneur training and workshops. Connect local businesses to funding and contract opportunities within the city. Provide technical assistance to small businesses. Provide administrative support to business improvements districts.

Program 3

Workforce / digital inclusionMore than ever, a reliable internet connection and access to technology are an integral part of school and work for so many long beach residents. Lbcei is working with...

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Workforce / digital inclusionMore than ever, a reliable internet connection and access to technology are an integral part of school and work for so many long beach residents. Lbcei is working with partners around the city to help bring those resources to those who need it. Our initiatives include, to partner with local community-based organizations, agencies and educational institutions to facilitate youth and adult trainings. Offer soft skills (i.e. Customer service) and technical skills training to immigrants, people with disabilities, formerly incarcerated, etc. Facilitate resume building workshops and job interview trainings. Introduce youth to careers in trade and emerging industries.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,076,176
Program Service Revenue $0
Investment Income $99
Other Revenue $0
TOTAL REVENUE $1,076,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,187
Fundraising Expenses $0
Program Expenses $481,157
Other Expenses $428,581
TOTAL EXPENSES $519,768

Year-over-Year Comparison

2023 2022 Change
Revenue $1,076,275 $1,407,069 -0.2%
Expenses $519,768 $1,269,037 -0.6%
Net Income $556,507 $138,032 +3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$43,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY KAZIM Executive Dir. 40.00
Officer
$43,000 $0 $43,000
JEFF WILLIAMS Board Member 1.50
Director
$0 $0 $0
VIVIAN SHIMOYAMA VICE CHAIR 1.50
Officer Director
$0 $0 $0
DR JUAN BENITEZ Treasurer 1.50
Officer Director
$0 $0 $0
DENNIS HUM Board Member 1.50
Director
$0 $0 $0
SHARON DIGGS-JACKSON Board Member 1.50
Director
$0 $0 $0
CARL KEMP Board Member 1.50
Director
$0 $0 $0
TUNUA THRASH-NTUK Board Member 1.50
Director
$0 $0 $0
SUNY LAY CHANG Chairman 1.50
Officer Director
$0 $0 $0
ERIC ROMERO Board Member 1.50
Director
$0 $0 $0
JONATHAN COLEMAN Secretary 1.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,076,275 $519,768 $790,612 $556,507
2022 $1,407,069 $1,269,037 $352,847 $138,032
2021 $1,439,632 $1,596,357 $82,940 $-156,725
2020 $604,737 $369,198 $235,839 $235,539
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