GOLD2024

Golden Gate Business Association

Building Businesses and Changing Lives since 1974

San Francisco, CA   |  www.ggba.com
GuideStar Charity Check

Golden Gate Business Association

EIN: 94-2489756


Mission

Our mission is to champion opportunity, development, and advocacy for our LGBTQ & Allied business community. We create opportunities for marketing, networking, procurement, and referral-based business growth; programs that support the development of business skills and expertise through workshops and seminars; and we advocate for positive economic, social, and political change. Opportunity for marketing, networking, procurement, and referral-based business growth Development of business skills and expertise through workshops and seminars Advocate for positive economic, social, and political change The largest San Francisco Bay Area LGBTQ business advocate organization

Ruling year info

1984

President

Michael Gunther

Executive Director

Terry Beswick

Main address

584 Castro St # 528

San Francisco, CA 94114 USA

Show more contact info

EIN

94-2489756

Subject area info

Business promotion

Population served info

Sexual identity

NTEE code info

Promotion of Business (Chambers of Commerce) (S41)

IRS subsection

501(c)(6) Business Leagues, etc.

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

GGBA Power Lunch

Once a year we take the opportunity to experience the power of connecting, the power of learning, and the power of our diverse community coming together. This year’s GGBA Power Lunch event is even more important in solidifying the foundation of individual and community resilience and optimism building resilience and strength in our GGBA community.

Join us for an elevated, interactive virtual experience that will provide opportunities to:

Pitch your business to our corporate partners
Showcase your business on our virtual exhibit floor, complete with your own promo video
Gain inspiration and insight from business leaders

Population(s) Served
Sexual identity
Work status and occupations
Ethnic and racial groups

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We aim to collect feedback from as many people we serve as possible, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Golden Gate Business Association
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.98

Average of 44.11 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.6

Average of 8.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

20%

Average of 4% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Golden Gate Business Association

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Golden Gate Business Association

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Golden Gate Business Association

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Golden Gate Business Association’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $16,745 $12,016 $4,843 -$71,170 -$37,658
As % of expenses 6.9% 5.0% 3.4% -32.8% -11.9%
Unrestricted surplus (deficit) after depreciation $16,745 $12,016 $4,843 -$71,170 -$37,658
As % of expenses 6.9% 5.0% 3.4% -32.8% -11.9%
Revenue composition info
Total revenue (unrestricted & restricted) $259,601 $250,266 $146,115 $146,132 $278,637
Total revenue, % change over prior year 46.5% -3.6% -41.6% 0.0% 90.7%
Program services revenue 9.1% 7.6% 2.7% 1.2% 0.0%
Membership dues 89.0% 92.4% 85.3% 84.1% 87.1%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 1.9% 0.0% 12.0% 14.7% 12.9%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $242,856 $238,250 $141,272 $217,302 $316,295
Total expenses, % change over prior year 30.4% -1.9% -40.7% 53.8% 45.6%
Personnel 3.0% 5.0% 0.0% 11.1% 50.9%
Professional fees 15.7% 13.6% 12.7% 27.4% 2.5%
Occupancy 0.0% 0.0% 2.7% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.1% 0.0% 0.0% 0.0% 0.0%
All other expenses 81.2% 81.4% 84.6% 61.5% 46.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $242,856 $238,250 $141,272 $217,302 $316,295
One month of savings $20,238 $19,854 $11,773 $18,109 $26,358
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $263,094 $258,104 $153,045 $235,411 $342,653

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 7.8 7.8 13.8 4.1 2.6
Months of cash and investments 7.8 7.8 13.8 4.1 2.6
Months of estimated liquid unrestricted net assets 7.0 7.8 13.5 4.9 1.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $157,540 $155,499 $162,573 $73,944 $67,542
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $4,000
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 9.8% 15.6% 2.7% 6.2% 32.4%
Unrestricted net assets $142,157 $154,173 $159,016 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $142,157 $154,173 $159,016 $87,847 $50,189

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President

Michael Gunther

I’m an advocate for small businesses and entrepreneurs – they truly are the foundation of our nation’s communities. The way I see it is that they make up the “Main Street” of every community. And it’s always been my desire to see entrepreneurs, small business, and Main Street succeed. It was with this desire that I founded Collaboration LLC back in 1995. Today, I lead an extraordinary team that specializes in every aspect of running a business – management, finance, sales, marketing, and operations. Through our specialized consulting, coaching, and training programs, we’ve assisted hundreds of existing businesses to achieve their goals, guided hundreds of new businesses to get started, and even led dozens of clients to earn double-digit increases in profits during this current recession. A life-long learner and entrepreneur, I continue to search for new ways to expand my own business knowledge while also reaching out to other entrepreneurs to share my years of experience and insight.

Executive Director

Terry Beswick

Terry Beswick (he/him) has been executive director of the GGBA since October 15, 2021. At the height of the HIV/AIDS epidemic in San Francisco, he advocated for HIV/AIDS research and treatment with ACT UP, Project Inform, the Human Rights Campaign and the White House Office of HIV/AIDS Policy. After the advent of effective treatments for HIV, Beswick worked as a journalist for the Bay Area Reporter and other LGBTQ community publications. More recently, he spearheaded a successful campaign to preserve the Castro Country Club for the queer recovery community in San Francisco, co-founded the Castro LGBTQ Cultural District and co-chaired the LGBTQ Cultural Heritage Strategy. Beswick was a Community Grand Marshal for the 50th Anniversary San Francisco LGBTQ Pride Parade and Celebration in 2020 and served as Executive Director of the GLBT Historical Society from 2016 to 2021.

Number of employees

Source: IRS Form 990

Golden Gate Business Association

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Golden Gate Business Association

Board of directors
as of 02/15/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Tony Archuleta-Perkins

Ide8 Real Estate

Term: 2021 - 2024

Tony Archuleta-Perkins

Ide8 Real Estate

Olga Garcia

CG Moving

Nancy Geenen

Flexability

Wajih Sobh

JP Morgan Chase

Imani Brown

St. Jude Children's Research Hospital

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/15/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 02/15/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.