Us China Business Council
- Assets
- $9.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 39
- Location
- Washington, DC
- Founding
- 05/1973
- Data as of
- 12/2022
- EIN
- 23-7275160
Organization Overview
Us China Business Council is located in Washington, DC. The organization was established in 1973. 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 12/2022, Us China Business Council employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us China Business Council 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 12/2022, Us China Business Council generated $6.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
THE UNITED STATES CHINA BUSINESS COUNCIL'S PRIMARY PURPOSE IS TO REPRESENT AMERICAN COMPANIES THAT DO BUSINESS IN CHINA AND EXPAND THE US-CHINA COMMERCIAL RELATIONSHIP TO THE BENEFIT OF ITS MEMBERSHIP AND THE US ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Allen Director | Trustee | 1 | $0 |
Cristiano R Amon Director | Trustee | 1 | $0 |
Mary T Barra Director | Trustee | 1 | $0 |
Craig Billings Director | Trustee | 1 | $0 |
Peter J Clare Director | Trustee | 1 | $0 |
William S Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $734,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,657 |
| Total Program Service Revenue | $5,199,658 |
| Investment income | $98,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,046,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,150 |
| 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. | $528,626 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,046,339 |
| Pension plan accruals and contributions | $143,084 |
| Other employee benefits | $152,312 |
| Payroll taxes | $221,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,840 |
| Fees for services: Lobbying | $151,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,801 |
| Advertising and promotion | $0 |
| Office expenses | $85,801 |
| Information technology | $114,730 |
| Royalties | $0 |
| Occupancy | $380,902 |
| Travel | $125,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,089 |
| Insurance | $32,267 |
| All other expenses | $16,000 |
| Total functional expenses | $5,819,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,987 |
| Savings and temporary cash investments | $5,776,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $451,141 |
| 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 | $125,340 |
| Net Land, buildings, and equipment | $197,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,586 |
| Other assets | $1,227,921 |
| Total assets | $8,963,858 |
| Accounts payable and accrued expenses | $389,000 |
| Grants payable | $0 |
| Deferred revenue | $2,033,101 |
| 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 | $1,326,284 |
| Total liabilities | $3,748,385 |
| Net assets without donor restrictions | $5,215,473 |
| 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 | $8,963,858 |