United States-Philippines Society Inc
- Assets
- $403.3k
- Revenue
- $361.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 05/2012
- Data as of
- 06/2022
- EIN
- 45-4935038
Organization Overview
United States-Philippines Society Inc, operating under the name Us-Philippines Society, is located in Washington, DC. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Us-Philippines Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us-Philippines Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Us-Philippines Society generated $361.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $388.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 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 BUILD ON THE RICH AND LONGSTANDING HISTORICAL TIES BETWEEN THE UNITED STATES OF AMERICA AND THE PHILIPPINES AND TO BRING THAT UNIQUE RELATIONSHIP TO THE 21ST CENTURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE & INVESTMENTS HOSTED WEBINAR FOR US INVESTORS ON DOING BUSINESS WITH THE PHILIPPINE ECONOMIC ZONE AUTHORITY. ATTENDED PH-US TRADE & INVESTMENT FORUM. USPHS BOARD MEMBERS VISITED THE FORMER SUBIC NAVY YARD, AS WELL AS LNG REGASSIFICATION FACILITY IN BATANGAS. SPONSORED FORUMS DEALING WITH PRIVATE SECTOR INVOLVEMENT IN PROJECTS THAT MITIGATE IMPACT OF CLIMATE CHANGE. DISCUSSED POST-PANDEMIC PH ECONOMIC RECOVERY.
REGIONAL SECURITY SPONSORED ROUNDTABLE FORUM WITH PH DEFENSE SECRETARY REGARDING SOUTH CHINA SEA SITUATION, PARTICULARLY ITS IMPACT ON PH SOVEREIGNTY AND SECURITY. HOSTED LUNCHEON FOR PH FOREIGN AFFAIRS SECRETARY TO TALK ABOUT REGIONAL THREATS. HOSTED PREVIEW OF PH JUNE 2022 ELECTIONS AND POTENTIAL IMPACT ON PH NATIONAL SECURITY. HOSTED PH-AUDIENCE BOOK DISCUSSION, STRATEGY OF DENIAL, WITH AUTHOR ELBRIDGE COLBY.
COMMUNITY OUTREACH PRESS-RELEASED LIFETIME AWARD GIVEN TO JOHN NEGROPONTE FOR HIS WORK ON US DIPLOMACY. REACHED OUT TO FIL-AM COMMUNITY TO HONOR ROBERTO ROMULO, USPHS FOUNDING DIRECTOR, NOTABLE PH PATRIOT & DIPLOMAT FOR HIS ROLE IN US-PH RELATIONS. SENT PUBLIC MESSAGE CONGRATULATING NEW PH LEADERS ELECTED IN MAY 2022. CONVEYED WARM WELCOME TO NEW US AMBASSADOR TO THE PHILIPPINES, MARYKAY CARLSON, ON HER NEW POST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hank Hendrickson Executive Director | Officer | 40 | $100,000 |
John F Maisto President | Officer | 40 | $70,000 |
Thomas C Hubbard Secretary-Treasurer | OfficerTrustee | 10 | $0 |
John D Negroponte Co-Chair | Trustee | 10 | $0 |
Manuel V Pangilinan Co-Chair | Trustee | 5 | $0 |
Leonardo A Canseco Director & Legal Counsel | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,052 |
| Total Program Service Revenue | $0 |
| 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 | $361,052 |
| 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 | $7,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,000 |
| Compensation of current officers, directors, key employees. | $8,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,799 |
| Advertising and promotion | $1,539 |
| Office expenses | $5,641 |
| Information technology | $7,306 |
| Royalties | $0 |
| Occupancy | $45,695 |
| Travel | $45,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,656 |
| Interest | $3,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,596 |
| All other expenses | $0 |
| Total functional expenses | $388,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,040 |
| 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 | $2,695 |
| Total assets | $403,273 |
| Accounts payable and accrued expenses | $19,714 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $137,768 |
| Other liabilities | $0 |
| Total liabilities | $157,482 |
| Net assets without donor restrictions | $120,791 |
| Net assets with donor restrictions | $125,000 |
| 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 | $403,273 |