American Business Council Kuwait
- Assets
- $155.7k
- Revenue
- $283.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-4663423
Organization Overview
American Business Council Kuwait is located in null. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Business Council Kuwait 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 12/2021, American Business Council Kuwait generated $283.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $184.8k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND DEVELOPMENT OF AMERICAN BUSINESS IN KUWAIT AS WELL AS PROMOTING AMERICAN BUSINESSES PRODUCTS AND SERVICES IN KUWAIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOLF TOURNAMENT - THE ANNUAL EVENT IS PROVIDED AS A WAY FOR INDIVIDUALS CORPORATE REPRESENTATIVES AND OTHER MEMBERS OF THE ABCK TO MEET IN A NON-WORK ENVIRONMENT IN ORDER TO MORE FREELY DISCUSS TOPICS OF CONCERN REGARDING AMERICAN BUSINESS IN KUWAIT. THE EVENT IS ALSO INTENDED TO ATTRACT NEW MEMBERS AND POTENTIAL PARTNERS IN BUSINESS FOR THE MIDDLE-EAST REGION AND BEYOND. MEMBERS AND GUESTS ARE ENCOURAGED TO ENJOY SPORT LIMITED FOOD AND BEVERAGE AND THE SERVICES OF THE GOLD CLUB WHILE ENGAGING IN DISCUSSION RELATED TO THE ORGANIZATION AND BUSINESS. TOP PLAYERS AWARDED PRIZES AND RECOGNITION.
THANKSGIVING EVENT - AN ANNUAL EVENT IN WHICH MEMBERS AND GUESTS ARE TREATED TO THE TRADITIONAL THANKSGIVING THEMES ACTIVES AND FOOD. THE CATERED EVENT INCLUDES GUEST SPEAKERS AND WORDS FROM SPONSORS. THE EVENT OFTEN FOCUSES ON GIVING ANY LOCAL MILITARY PERSONNEL A FEELING OF HOME IF THEY ARE ABLE TO ATTEND THE EVENT. THE EVENT IS OCCASIONALLY HELD AT THE US EMBASSY BUT IS ALSO HELD AT HOTEL BALLROOMS DEPENDING ON LOGISTICAL CONCERNS FOR THAT YEAR.
CHRISTMAS EVENT - ANNUAL EVENT IN WHICH MEMBERS FAMILY AND OTHERS ARE INVITED TO SHARE TIME WITH EACH OTHER DURING THE HOLIDAY SEASON. BUSINESS AND NON-BUSINESS GUESTS INTERACT WITH EACH OTHER OVER MUSIC FOOD AND SELECTED SPEAKERS. AS ONE OF THE LARGER SOCIAL ENGAGEMENTS FOR THE YEAR IT ALLOWS FOR OUR MEMBERS AND NON-MEMBERS TO LEARN MORE ABOUT OUR SERVICES AS WELL AS ENCOURAGING AND PROMOTING DIRECT INTERACTION WITH BOTH OUR CAPROATE AND INDIVIDUAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esrea Menke | 40 | $43,528 | |
Aora Amit Treasurer | OfficerTrustee | 8 | $0 |
Pete Swift Chairman | OfficerTrustee | 8 | $0 |
Arezou Harraf Vice-Char | OfficerTrustee | 8 | $0 |
Almanee Rashed Secretary | OfficerTrustee | 8 | $0 |
Samar Bqaeen | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $252,305 |
| 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 | $252,305 |
| Total Program Service Revenue | $30,830 |
| 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 | $283,135 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,819 |
| Fees for services: Accounting | $4,331 |
| 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 | $20,046 |
| Information technology | $5,076 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $184,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,897 |
| 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 | $0 |
| Total assets | $155,745 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $155,745 |
| 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 | $155,745 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gsm Mou Association | $56,420,772 | $39,166,915 |
Law Society Of British Columbia | $234,129,805 | $55,712,555 |
International Institute Of Business Analysis | $5,013,011 | $5,501,998 |
American Chamber Of Commerce In France Inc | $1,723,629 | $1,181,889 |
The American Chamber Of Commerce In China Fund | $3,134,314 | $929,328 |
International Doi Foundation Inc | $1,360,977 | $1,039,342 |
National Hockey League Coaches Association | $534,239 | $637,419 |
International Design Continuing Education Council Inc | $1,533,888 | $784,134 |
American Chamber Of Commerce In Kazakhstan Inc | $821,837 | $510,612 |
American Business Council Kuwait | $155,745 | $283,135 |
International Federation For Professional Speakers Inc | $161,168 | $0 |
World Association Of Societies Of Pathology And Labortory Medici | $754,514 | $32,456 |