A MESSAGE FROM

OUR CHAIR

I am excited to kick off the year as the 66th chairman of the LAX Coastal Chamber of Commerce. Like any busy business professional, when I was asked to take on the role as Chairman of the Board, I was worried about the time commitment. After careful consideration, I realized that there was nothing to worry about. The LAX Coastal Chamber of Commerce has a team of five amazing staff members and countless volunteers that help make the job easy. The saying goes, “many hands make light work” and that is so true in this organization. From our committee chairs to our ambassadors, from our board of directors to our executive committee the Chamber is blessed with strong leaders. Our volunteers represent a diverse group of business professionals who are trail blazers in their industries. Each one bringing their time, talent and expertise to support our organization. I am thrilled to have the opportunity to take the lead this year and am so grateful to have the chance to work with so many wonderful individuals. Here’s to a great 2019-2020! 1 | LAX Coastal 2019 Annual Report

YOUR LOCAL

CHAMBER As your local chamber, we are the hub for all businesses and organizations looking to thrive. LAX Coastal Chamber members are offered exclusive access to resources, connections, advocacy, networking and community outreach not available anywhere else. Serving the communities of Westchester, Marina del Rey, Playa Vista, Playa del Rey, Del Rey and surrounding areas since 1953, we undersand collaboration, relationship building and commitment to service are integral for a thriving business, so we are here to assist you - and your business - every step of the way.

A B O U T YO U R C H A M B E R

585 MEMBERS

20 8 24 35 2 12 149 18 5 11 4 15

Networking Mixers Special Events Educational Workshops

86,129

pageviews to the LAX Coastal Chamber’s website

Committee Meetings Membership Orientations Free Coworking Days

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1,576

page likes

Room Rentals Hosted Leadership Academy Graduates New Initiatives

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619

followers

Community Partnerships Power Hours Grand Openings

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1070

followers

RANKED #13 AS A CHAMBER OF COMMERCE IN THE LA BUSINESS JOURNAL’S BOOK OF LISTS 3 | LAX Coastal 2019 Annual Report

KEY FINANCIAL FIGURES

Maintaining a tradition of success, the LAX Coastal Chamber of Commerce once again ended the fiscal year (July 1, 2018 - June 30, 2019) in the black with a $22,000 surplus. To constantly strive for excellence, we continue to make upgrades to our office space and technology. We maintain a strong financial position with enough dollars in our reserve account to cover four months of operating expense. This success is not possible without the support of our members. We are grateful for your continued investment. We are committed to be the strongest voice for business in our community.

BELOW IS A FINANCIAL SNAPSHOT OF OUR FISCAL YEAR 8% 7% 8% 34% 43% <1%

Certificate of Origin Coworking Advertising Membership Program Interest

2018-19

INCOME

6.75%

INCREASE BUDGET

BUDGET

2018-19 Advertising Income Certificates of Origin CoWorking Membership Income Program Income Interest Income TOTAL BUDGET

BUDGET

2017-18 $55,350 $62,985 $52,980 $268,495 $325,745 $70 $765,625

Advertising Income Certificates of Origin CoWorking Membership Income Program Income Interest Income TOTAL BUDGET

2016-17 $51,705 $63,135 $42,995 $239,460 $319,920 $50 $717,265

Advertising Income Certificates of Origin CoWorking Membership Income Program Income Interest Income TOTAL BUDGET

$47,230 $62,960 $50,610 $203,100 $264,670 $5,710 $634,280

YEAR IN

REVIEW 2018-19

This year was yet another productive and busy year for the Chamber. A few highlights from the year include: Fourth of July Parade Annual Meeting of the Membership Neighborhood School Expo Leadership Academy State of LAX LAX Coastal Magazine City of Angels Teacher Eddy Awards ChamberFest LAeXpo Installation Gala

5 | LAX Coastal 2019 Annual Report

N

PROGE W RAM In 2018-2019 the Chamber relaunched its Construction Infrastructure Committee with the new name and new missionâ&#x20AC;&#x201D;The Design Development & Construction Committee. Led by Anthony Kirby of Arup and Rashmi Menon of Parsons, the committee kicked off with a bang! The meetings have been met with such a strong attendance that we have outgrown the Chamberâ&#x20AC;&#x2122;s office as a venue. The DDC now meets quarterly at one of our local hotels for breakfast. These meetings include presentations from industry leaders in the field of construction, transportation and land use.

OUR CHAMBER

LEADERSHIP

The LAX Coastal Chamber is governed by a 34-member Board of Directors. Each year 9 seats are open for election for a three-year term. The Chair has the prerogative to select 4 one-year board appointments, and there are 3 designated seats held by Los Angeles World Airports, Loyola Marymount University and Otis College of Art and Design.

2019-20

Executive Committee

BOARD OF DIRECTORS Michael D’Amodio - Interstate Hotels

Christine Dieu - Marina del Rey Hotel

Andrew Chereck - Bryan Cave

Tracy Fietz - Kaiser Permanente West LA

Joe Coleman - Decron Properties

Gabriela Flores - Cedars-Sinai

Alexandra Dumas - Google

Art Galvan - Southwest Airlines

Thomas Flintoft - Kindel Gagan Inc.

Rod Gopiao - Los Angeles Airport Marriott

Kayla Friedman-Barb - Vanto Group

Jon Graff - Reason Foundation

Ryan Gales - Jenkins/Gales & Martinez

Mike Harriel - SoCalGas

Rae Lamothe - Golding & Lamothe

Anthony Kirby - Arup

Jonathan Lonner - Burns & Bouchard

Cody Koopmann - Drollinger Properties

Rashmi Menon - Parsons

Todd LaPlante - CBRE

David Voss, Jr. - Voss, Silverman & Braybrooke, LLP

John Loussararian - Westchester Family YMCA

Stephanie Younger - Compass Realty

Tony Palermo - Tony P’s Dockside Grill

Charles Bassett - Wallypark

Lori Peters - AvAirPros

Karl Brook - KRB Construction

Fred Puza - Loyola Marymount University

Inez Bush - Otis College of Art and Design

Stephanie Sampson - Los Angeles World Airports

Maria Canchola - Hollywood Park Casino

Matthew Swanlund - Aesthetic Legal

Grant Coonley - Hilton Los Angeles Airport Hotel

Kelly King* - Villa del Mar Apartments & Marina *Honorary Mayor

7 | LAX Coastal 2019 Annual Report

O U R C O R P O R AT E

SPONSORS Our Corportate Partners are the backbone of the LAX Coastal Chamber. It is through their support that we are able to grow and thrive as an organization, and their donations enable us to do great outreach for our small businesses, advocate on behalf of our members, and continue our 65-year legacy as being the voice for business within our community.

WE THANK EACH OF THE BELOW ORGANIZATIONS FOR THEIR INVESTMENT.

Drollinger

MERCURY AIR GROUP, INC.

FROM THE

PRESIDENT/CEO This past year, my team and I had the opportunity to attend a training with the Western Association

“

of Chamber Executives (WACE), an organization of

non-profit leaders representing over 850 Chambers

in 19 different states. We examined best practices to hear about what great Chambers are doing to serve their communities. We learned that the WACE had

just completed a survey of businesses from across the country to see what they expected from their local

Chamber of Commerce. Here’s what they uncovered— Businesses want a “3 C” Chamber of Commerce. They expect their Chambers to be the catalyst for business

AT THE LAX COASTAL CHAMBER OF COMMERCE, WE ARE COMMITTED TO BEING CATALYSTS, CONVENERS, AND CHAMPIONS

“

FOR OUR MEMBERS.

growth, the conveners of leaders and influencers and the champions for stronger communities.

As the president of the Chamber I am proud to declare that we are a “3 C” Chamber. We are

constantly developing programs to help spur business growth and enhance the vitality of our community. We are continuing to find innovative ways to stay relevant and provide value. Our corporate leaders and area

influencers have a seat at the table in our organization and beyond. To steal a line from Queen, “We are the Champions…” The Champions of Westchester,

Playa del Rey, Playa Vista, Marina del Rey and Del

Rey and we are PROUD to be leaders in this amazing community.

The LAX Coastal Chamber is dedicated to making customer service a priority and we value your

investment. We are honored that you have chosen

LAX Coastal to be your Chamber and we promise to

keep working hard so that you get the most from your membership. We will continue to be a “3 C” Chamber

to better serve our members, area businesses and the community.

CHRISTINA DAVIS President/CEO

9 | LAX Coastal 2019 Annual Report

T H E L A X C O A S TA L

TEAM

ENGAGE WITH US

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Monday - Friday, 9am - 5pm 9100 S. Sepulveda Blvd., Ste. 210, Los Angeles, CA 90045 310.645.5151 • info@laxcoastal.com • laxcoastal.com