British-American Chamber Of Commerce
- Assets
- $3.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 01/2001
- Data as of
- 06/2022
- EIN
- 13-1621298
Organization Overview
British-American Chamber Of Commerce is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, British-American Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. British-American Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, British-American Chamber Of Commerce generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE & ENCOURAGE TRADING AND BUSINESS BETWEEN THE U.S. AND THE U.K.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL LUNCH - FACILITATED AND ENCOURAGED BUSINESS RELATIONS BETWEEN THE U.S. AND THE U.K.
AWARDS DINNER- FACILITATED AND ENCOURAGED BUSINESS RELATIONS BETWEEN THE U.S. AND THE U.K.
PUBLICATIONS - ENCOURAGED BUSINESS RELATIONS BETWEEN THE U.S. AND THE U.K.
N.Y. & LONDON SPECIAL EVENTS - VARIOUS EVENTS WHICH ENCOURAGED AND FACILITATED BUSINESS RELATIONS BETWEEN THE U.S. AND THE U.K.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alastair Borthwick Director | Trustee | 1 | $0 |
Alex Towers Director | Trustee | 1 | $0 |
Allison Barrett Director | Trustee | 1 | $0 |
Andy Pharoah Director | Trustee | 1 | $0 |
Anthony Baldwin Director | Trustee | 1 | $0 |
Bev Hendry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,150 |
| Total Program Service Revenue | $3,569,818 |
| Investment income | $4,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,753,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,391,431 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,225 |
| Pension plan accruals and contributions | $35,803 |
| Other employee benefits | $205,185 |
| Payroll taxes | $159,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,502 |
| Advertising and promotion | $0 |
| Office expenses | $87,903 |
| Information technology | $133,001 |
| Royalties | $0 |
| Occupancy | $182,605 |
| Travel | $85,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,494 |
| Insurance | $23,783 |
| All other expenses | $6,256 |
| Total functional expenses | $3,531,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,071,399 |
| Savings and temporary cash investments | $10,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $573,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $183,497 |
| Net Land, buildings, and equipment | $15,233 |
| Investments—publicly traded securities | $1,529,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,106 |
| Total assets | $3,404,684 |
| Accounts payable and accrued expenses | $599,453 |
| Grants payable | $0 |
| Deferred revenue | $1,303,593 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,903,046 |
| Net assets without donor restrictions | $1,501,638 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,404,684 |