American-Central European Business Association
- Assets
- $620.3k
- Revenue
- $634.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 47-4968121
Organization Overview
American-Central European Business Association is located in Washington, DC. The organization was established in 2017. 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-Central European Business Association 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 06/2022, American-Central European Business Association generated $634.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $544.2k during the year ending 06/2022. While expenses have increased by 32.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION (ACEBA) IS AIMED AT CREATING A ONE-STOP PLATFORM FOR DIALOGUE BETWEEN AMERICAN CORPORATE EXECUTIVES AND POLITICAL LEADERS FROM CENTRAL EUROPE. ACEBA WILL COVER 11 COUNTRIES AND PARTNER WITH 3 ESTABLISHED BUSINESS COUNCILS TO PROMOTE THE COMMERCIAL RELATIONSHIP BETWEEN THE UNITED STATES AND CENTRAL EUROPEAN REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LED A BUSINESS DELEGATION OF AMERICAN COMPANIES TO GREECE AND NORTH MACEDONIA FOR A SERIES OF MEETINGS WITH SENIOR GOVERNMENT OFFICIALS. MEETINGS FACILITATED TO EXAMINE MEMBERS' CONCERNS AND ADVANCE NEW BUSINESS OPPORTUNITIES IN THOSE COUNTRIES.
LED A BUSINESS DELEGATION OF AMERICAN COMPANIES TO VILNIUS FOR A SERIES OF MEETINGS WITH SENIOR LITHUANIAN GOVERNMENT OFFICIALS TO EXAMINE HOW TO ADDRESS MEMBERS' CONCERNS AND ADVANCE NEW BUSINESS OPPORTUNITIES IN LITHUANIA.
LED A BUSINESS DELEGATION OF AMERICAN COMPANIES TO THE CZECH REPUBLIC FOR A SERIES OF MEETINGS WITH SENIOR GOVERNMENT OFFICIALS. MEETINGS FACILITATED TO EXAMINE MEMBERS' CONCERNS AND ADVANCE NEW BUSINESS OPPORTUNITIES IN THAT COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Stewart President | OfficerTrustee | 0.5 | $0 |
Nicholas Cosenza Secretary | OfficerTrustee | 0.5 | $0 |
David Talbot Board Member | Trustee | 0.5 | $0 |
John Lazar Board Member | Trustee | 0.5 | $0 |
Lorraine Hawley Treasurer | OfficerTrustee | 0.5 | $0 |
Robert Joyce Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $319,333 |
| 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 | $319,333 |
| Total Program Service Revenue | $315,000 |
| 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 | $634,333 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $219,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,401 |
| 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 | $4,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,722 |
| All other expenses | $0 |
| Total functional expenses | $544,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,586 |
| 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 | $620,298 |
| Accounts payable and accrued expenses | $7,615 |
| Grants payable | $0 |
| Deferred revenue | $232,235 |
| 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 | $11,500 |
| Total liabilities | $251,350 |
| Net assets without donor restrictions | $368,948 |
| 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 | $620,298 |