Global Business Alliance Inc
- Assets
- $8.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 09/1985
- Data as of
- 12/2023
- EIN
- 13-3218529
Organization Overview
Global Business Alliance Inc is located in Washington, DC. The organization was established in 1985. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Global Business Alliance Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Business Alliance Inc 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, Global Business Alliance Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT U.S. SUBSIDIARIES OF COMPANIES HEADQUARTERED ABROAD
Describe the Organization's Program Activity:
Part 3 - Line 4a
GBA IS THE ONLY TRADE ASSOCIATION UNIQUELY REPRESENTING INTERNATIONAL COMPANIES DOING BUSINESS IN THE UNITED STATES ACROSS A WIDE VARIETY OF INDUSTRIES FROM COUNTRIES ALL OVER THE WORLD. GBA WORKS TO EDUCATE POLICYMAKERS AND THE PUBLIC ON THE BENEFITS INTERNATIONAL COMPANIES BRING TO THE U.S. ECONOMY, WORKFORCE & COMMUNITES. GBA'S MISSION IS TO PROMOTE AND DEFEND AN OPEN ECONOMY THAT WELCOMES INTERNATIONAL COMPANIES TO INVEST IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Mclernon President & CEO | OfficerTrustee | 40 | $938,839 |
Tony O'donnell Chair Of The Board | OfficerTrustee | 1 | $0 |
Stephen Ciccone Chairman Emeritus | OfficerTrustee | 1 | $0 |
Hugh Welsh Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Paul Hoogsteden Treasurer/secretary | OfficerTrustee | 1 | $0 |
Jeff Werner Chair, Government Affairs Committee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alan Pasetsky Outside Counsel | 12/30/23 | $217,954 |
Ogilvy Government Relations Outside Counsel | 12/30/23 | $210,000 |
Abi Associates Outside Counsel | 12/30/23 | $210,000 |
Akin Gump Strauss Hauer & Feld Llp Outside Counsel | 12/30/23 | $165,000 |
Access Destination Services Conference Planning | 12/30/23 | $103,567 |
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 | $7,278,573 |
| Investment income | $68,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,376,487 |
| 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. | $1,416,459 |
| Compensation of current officers, directors, key employees. | $306,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,614,891 |
| Pension plan accruals and contributions | $145,601 |
| Other employee benefits | $195,632 |
| Payroll taxes | $169,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $772,286 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,112 |
| Fees for services: Other | $125,778 |
| Advertising and promotion | $0 |
| Office expenses | $10,671 |
| Information technology | $138,926 |
| Royalties | $0 |
| Occupancy | $377,720 |
| Travel | $63,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,176,790 |
| Interest | $376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,924 |
| Insurance | $28,881 |
| All other expenses | $36,000 |
| Total functional expenses | $6,875,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,903 |
| Savings and temporary cash investments | $1,831,356 |
| Pledges and grants receivable | $304,500 |
| Accounts receivable, net | $3,883 |
| 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 | $216,252 |
| Net Land, buildings, and equipment | $714,273 |
| Investments—publicly traded securities | $2,184,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,509,210 |
| Total assets | $8,043,823 |
| Accounts payable and accrued expenses | $583,294 |
| Grants payable | $0 |
| Deferred revenue | $1,298,000 |
| 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 | $3,435,421 |
| Total liabilities | $5,316,715 |
| Net assets without donor restrictions | $2,727,108 |
| 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 | $8,043,823 |