United States Heartland China Association
- Assets
- $355.4k
- Revenue
- $385.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-1361557
Organization Overview
United States Heartland China Association is located in Chicago, IL. The organization was established in 2005. 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 06/2022, United States Heartland China Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Heartland China Association 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 06/2022, United States Heartland China Association generated $385.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 61.9% each year . All expenses for the organization totaled $370.8k during the year ending 06/2022. While expenses have increased by 49.0% 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 SEEKS TO FOSTER AND SUPPORT A POSITIVE, PRODUCTIVE, AND MUTUALLY BENEFICIAL RELATIONSHIP BETWEEN THE PEOPLES OF THE US AND CHINA BY CREATING CHANNELS OF COLLABORATION AND OPPORTUNITIES FOR ECONOMIC GROWTH IN THE AMERICAN HEARTLAND REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOSTED AN IN-PERSON AGRICULTRUAL DIALOGUE IN DES MOINES, IOWA. THE EVENT INCLUDED THREE AMBASSADORS FROM AND TO CHINA AND FOCUSED ON THE EXPANSION OF TRADE AND GLOBAL FOOD SUPPLY.
AFTER ACHIEIVING SUCCESS WITH THE PROGRAM DURING COVID, THE ORGANIZATION CONTINUED ITS WEBINAR SERIES, THE WAY FORWARD. TOPICS INCLUDED:SHRINKING CITIES IN THE US AND CHINACAPITAL FLOW BETWEEN THE US AND CHINAHAINAN: CHINAS HAWAII AND WORLDS LARGEST FREE TRADE ZONEGLOBAL PANDEMIC RESPONSE: WHATS NEXT
THE ORGANIZATION HELD A VIRTUAL US-CHINA AGRICULTURE ROUNDTABLE ON MARCH 21, 2022. THE EVENT INCLUDED AN AG-EDUCATION DIALOGUE, A THINK TANK DIALOGUE ON RURAL PROSPERITY AND CLIMATE CHANGE, AND A US-CHINA AG SHOWCASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Holden Chairman | Officer | 20 | $60,000 |
Jim Brainard Director | Trustee | 1 | $0 |
Daniel Wright Director | Trustee | 1 | $0 |
Michael Froy Director | Trustee | 1 | $0 |
Scott Tackett Director | Trustee | 1 | $0 |
Susan Thornton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,765 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,092 |
| Total Program Service Revenue | $0 |
| 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 | $385,092 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,765 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,886 |
| Advertising and promotion | $22,617 |
| Office expenses | $797 |
| Information technology | $6,402 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,156 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $263 |
| All other expenses | $0 |
| Total functional expenses | $370,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,414 |
| Accounts payable and accrued expenses | $7,319 |
| 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 | $7,319 |
| Net assets without donor restrictions | $223,095 |
| Net assets with donor restrictions | $125,000 |
| 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 | $355,414 |