Tusiad - U S
- Assets
- $54.1k
- Revenue
- $345.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 31-1614523
Organization Overview
Tusiad - U S is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Tusiad - U S employed 3 individuals. Tusiad - U S 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, Tusiad - U S generated $345.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $305.0k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 8 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
TO PROMOTE, IMPROVE AND FURTHER THE COMMON BUSINESS INTERESTS OF THE TURKISH INDUSTRY AND BUSINESS ASSOCIATION (TUSIAD - TURKEY) IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUSIAD - U.S. CONDUCTED SEMINARS, CONFERENCES AND MEETINGS, WHICH WERE ATTENDED BY U.S. BUSINESS OWNERS AND OFFICERS, TO EXCHANGE INFORMATION AND EDUCATE ATTENDEES CONCERNING TURKISH BUSINESSES AND CONDUCTING BUSINESS IN TURKEY. TUSIAD - U.S. ALSO DISTRIBUTED PAMPHLETS, BROCHURES, ETC. PROVIDED BY ITS PARENT ORGANIZATION, TUSIAD - TURKEY, TO VARIOUS ORGANIZATIONS TO EDUCATE AND PROMOTE RELATIONSHIPS AND UNDERSTANDING BETWEEN THE COUNTRIES OF TURKEY AND THE U.S. AND THE PEOPLES OF THESE TWO COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baris Ornarli President & | OfficerTrustee | 40 | $138,085 |
Izzet Benadrete Treasurer & | OfficerTrustee | 2 | $0 |
Umit Boyner Director | Trustee | 2 | $0 |
Ebru Dicle Secretary & | OfficerTrustee | 2 | $0 |
Haluk Dincer Director | Trustee | 2 | $0 |
Ali Y Koc Vice-Chairma | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $345,941 |
| Investment income | $0 |
| 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 | $345,941 |
| 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. | $151,494 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,442 |
| Payroll taxes | $15,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,600 |
| Travel | $5,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,633 |
| Interest | $3,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $588 |
| All other expenses | $1,086 |
| Total functional expenses | $304,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $54,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $145,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,507 |
| Total liabilities | $147,507 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$93,406 |
| 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 | $54,101 |