Us-Asean Business Council Institute Inc
- Assets
- $325.2k
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1984
- Data as of
- 12/2023
- EIN
- 13-3218841
Organization Overview
Us-Asean Business Council Institute Inc is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (Q51) the organization is classified as: International Economic & Trade Policy, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us-Asean Business Council Institute Inc 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 12/2023, Us-Asean Business Council Institute Inc generated $165.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $697.9k 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 ENRICH THE OPPORTUNITIES FOR STRENGTHENED AND DEEPER ENGAGEMENT BY U.S. COMPANIES IN ASEAN THROUGH A VARIETY OF EDUCATIONAL ACTIVITIES AND CAPACITY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, USABCI HELD FIVE WORKSHOPS IN SINGAPORE, THE PHILIPPINES, VIETNAM, INDONESIA, AND MALAYSIA THAT EDUCATED OVER 3,000 SMALL AND MEDIUM ENTERPRISES (SMES). THE WORKSHOPS PROMOTED SKILL-BUILDING TO EQUIP SMES FOR COMPETITION IN AN INCREASINGLY DIGITAL WORLD. WORKSHOP TOPICS INCLUDED: ENABLE SINGAPORE AS THE DIGITAL TECH HUB, UNLOCKING YOUR COMPANYS DIGITAL POTENTIAL FOR GLOBAL SUCCESS, DRIVING INCLUSION FOR MALAYSIAN SMES IN THE GLOBAL ECONOMY, CATALYZING SUCCESS IN THE GLOBAL BUSINESS ARENA FOR FILIPINO SMES IN THE DIGITAL ECONOMY, ACCELERATING GLOBAL READINESS FOR VIETNAMESE SMES, AND EMPOWERING INDONESIAN SMES: UNLOCKING DIGITAL POTENTIAL FOR GLOBAL SUCCESS. MORE THAN 30% OF THE PARTICIPANTS WERE WOMEN. ADDITIONALLY, USABCIS MYANMAR SCHOLARSHIP FUND SUPPORTED 57 BURMESE STUDENTS ENROLLED AT US UNIVERSITIES DURING 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Dugan President (until 4/1/23) | OfficerTrustee | 5 | $0 |
Margaret Hanson-Muse President (from 4/1/23) | OfficerTrustee | 5 | $0 |
Anthony Nelson Secretary | OfficerTrustee | 1 | $0 |
William Wise Treasurer | OfficerTrustee | 1 | $0 |
Michael Shue CFO | Officer | 2 | $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 | $158,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,010 |
| Total Program Service Revenue | $0 |
| Investment income | $7,762 |
| 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 | $165,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $318,750 |
| 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 | $146,523 |
| Pension plan accruals and contributions | $4,505 |
| Other employee benefits | $15,214 |
| Payroll taxes | $9,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,996 |
| Fees for services: Accounting | $1,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,446 |
| Fees for services: Other | $5,428 |
| Advertising and promotion | $0 |
| Office expenses | $11,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,466 |
| Travel | $3,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,048 |
| Insurance | $911 |
| All other expenses | $392 |
| Total functional expenses | $697,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,000 |
| Accounts receivable, net | $0 |
| 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 | $227,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,557 |
| Total assets | $325,249 |
| 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 | $303,785 |
| Total liabilities | $303,785 |
| Net assets without donor restrictions | -$287,736 |
| Net assets with donor restrictions | $309,200 |
| 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 | $325,249 |