German-American Business Association Of Philadelphia Inc is located in Philadelphia, PA. The organization was established in 1990. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German-American Business Association Of Philadelphia Inc 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 12/2023, German-American Business Association Of Philadelphia Inc generated $95.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $254.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
GACC'S MARKETING AND BUSINESS DEVELOPMENT SERVICES ARE DESIGNED TO ASSIST OUR CLIENTS IN GROWING THEIR BUSINESS IN BOTH THE U.S. AND GERMANY, TO FACILITATE INTERNATIONAL CONNECTIONS, COOPERATION AND TO FOSTER MUTUALLY BENEFICIAL BUSINESS RELATIONSHIPS. GACC IS PREPARED TO TAILOR ITS SERVICE TO MEET SPECIFIC CLIENT REQUIREMENTS. SERVICES INCLUDE: U.S. BUSINESS PRESENCE: THIS SERVICE HELPS GERMAN BUSINESSES TO ESTABLISH A PRESENCE IN THE UNITED STATES IN ORDER TO DEAL WITH THEIR ALREADY EXISTING AMERICAN CUSTOMERS AT LOW RISK AND WITHOUT THE OVERHEAD COSTS INVOLVED IN ESTABLISHING THEIR OWN OFFICE WITH STAFF. THE GACC-PHILADELPHIA BRANCH OFFERS AN AMERICAN BUSINESS ADDRESS INCLUDING TELEPHONE NUMBER, FAX NUMBER, AND MAILBOX. QUALIFIED STAFF OF THE GACC WILL ANSWER THE INQUIRIES AND FORWARD THEM IMMEDIATELY TO THE BUSINESS IN GERMANY.FACILITATING RELATIONSHIPS: BRINGING CLIENTS TOGETHER WITH BUSINESS PARTNERS FOR TRADE, INVESTMENT, COOPERATION OR EXPANSION.PUBLICATIONS: GACC HAS A BROAD RANGE AND COMPREHENSIVE LIST OF PUBLICATIONS ON GERMAN AND AMERICAN BUSINESS TOPICS TO HELP ITS CLIENTS UNDERSTAND BUSINESS PRACTICES IN GERMANY AND THE U.S. THE LIST INCLUDES BOOKS ON PERSONNEL MANAGEMENT AND HUMAN RESOURCES, TAXATION, LAW, REGULATORY AFFAIRS, HOW TO ESTABLISH A COMPANY ABROAD, AS WELL AS GENERAL INFORMATION AND DIRECTORIES. QUALIFIED STAFF OF THE GACC WILL ANSWER THE INQUIRIES AND FORWARD THEM IMMEDIATELY TO THE BUSINESS IN GERMANY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hany Mikhaiel Director | 1 | $0 | |
Ralf Wiedemann Director | 1 | $0 | |
Eckart Schwarz Director | 1 | $0 | |
Robert Wild Director | 1 | $0 | |
Ralf Weiser Director | 1 | $0 | |
Ulrich Neubert Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $70,719 |
Membership dues | $20,808 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $4,049 |
Total Revenue | $95,576 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $177,178 |
Professional fees and other payments to independent contractors | $13,579 |
Occupancy, rent, utilities, and maintenance | $7,760 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $55,884 |
Total expenses | $254,401 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $76,529 |
Other assets | $0 |
Total assets | $90,844 |
Total liabilities | $43,352 |
Net assets or fund balances | $47,492 |