Swedish-American Chamber Of Commmerce
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 07/1918
- Data as of
- 12/2023
- EIN
- 13-1362880
Organization Overview
Swedish-American Chamber Of Commmerce is located in New York, NY. The organization was established in 1918. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Swedish-American Chamber Of Commmerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swedish-American Chamber Of Commmerce 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 12/2023, Swedish-American Chamber Of Commmerce generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ADVANCE, AND PROTECT DIRECT COMMERCIAL RELATIONS BETWEEN THE UNITED STATES AND SWEDEN IN ALL POSSIBLE AREAS WHILE PROVIDING A BROAD SPECTRUM OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE, ADVANCE, AND PROTECT DIRECT COMMERCIAL RELATIONS BETWEEN THE UNITED STATES AND SWEDEN IN ALL POSSIBLE AREAS WHILE PROVIDING A BROAD SPECTRUM OF SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Kaplan Chairman | OfficerTrustee | 1 | $0 |
Hampus Thofte Vice Chair | OfficerTrustee | 1 | $0 |
Jacob Wallenberg Vice Chair | OfficerTrustee | 1 | $0 |
Anja Ioannou Treasurer | OfficerTrustee | 1 | $0 |
Richard F Langan Jr Secretary | OfficerTrustee | 1 | $0 |
Haakan Anderson Guldkula 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,697,589 |
| Investment income | $12,674 |
| 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 | $1,710,263 |
| 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. | $257,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,650 |
| Pension plan accruals and contributions | $13,456 |
| Other employee benefits | $35,570 |
| Payroll taxes | $30,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,360 |
| 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 | $41,446 |
| Information technology | $29,400 |
| Royalties | $0 |
| Occupancy | $498,180 |
| Travel | $14,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,532 |
| Insurance | $23,006 |
| All other expenses | $2,240 |
| Total functional expenses | $1,353,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,445 |
| Savings and temporary cash investments | $275,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $293,240 |
| 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 | $195,907 |
| Net Land, buildings, and equipment | $207,775 |
| Investments—publicly traded securities | $314,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,000 |
| Total assets | $2,023,393 |
| Accounts payable and accrued expenses | $367,578 |
| Grants payable | $0 |
| Deferred revenue | $512,957 |
| 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 | $580,000 |
| Total liabilities | $1,460,535 |
| Net assets without donor restrictions | $277,858 |
| Net assets with donor restrictions | $285,000 |
| 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 | $2,023,393 |