Us-Libya Business Council
- Assets
- $39.8k
- Revenue
- $115.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2005
- Data as of
- 06/2021
- EIN
- 20-2569685
Organization Overview
Us-Libya Business Council is located in Washington, DC. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us-Libya Business Council 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 06/2021, Us-Libya Business Council generated $115.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $130.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE AND EXPAND OPPORTUNITIES IN AGRICULTURE, AVIATION, TECHNOLOGY, TELECOMMUNICATIONS, INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE USLBA WORKS TO DEEPEN COMMERCIAL TIES BETWEEN THE UNITED STATES AND LIBYA, EDUCATE THE PUBLIC ON THE IMPORTANCE OF U.S. - LIBYA TRADE AND INVESTMENT, AND FACILITATE THE COMMERCIAL AND DIPLOMATIC DIALOGUE BETWEEN THE TWO COUNTRIES. THROUGH MEETINGS WITH U.S. AND LIBYAN GOVERNMENT OFFICIALS AND POLITICAL AND ECONOMIC EXPERTS IN THE FIELD AND THROUGH REGULAR ANALYSIS AND REPORTING OF DEVELOPMENTS IN THE RELATIONSHIP, WE SERVE OUR MEMBERS AND THE PUBLIC TO PROMOTE U.S. TRADE AND INVESTMENT IN LIBYA AND EXPAND OPPORTUNITIES FOR U.S. COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David M Moore Chairman | Officer | $0 | |
Trey Cleveland Vice-Chairma | Officer | $0 | |
Pete Dordal Treasurer | Officer | $0 | |
Lydia Jabs Secretary/ex | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 | $115,166 |
| Statement of Expenses | |
|---|---|
| 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 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 | $114,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,557 |
| Advertising and promotion | $0 |
| Office expenses | $1,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183 |
| Insurance | $1,923 |
| All other expenses | $0 |
| Total functional expenses | $130,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,667 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,790 |
| Accounts payable and accrued expenses | $1,877 |
| Grants payable | $0 |
| Deferred revenue | $40,833 |
| 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 | $42,710 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,920 |