Us China Business Council
- Assets
- $8.6m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Washington, DC
- Founding
- 05/1973
- Data as of
- 12/2021
- EIN
- 23-7275160
Organization Overview
Us China Business Council is located in Washington, DC. The organization was established in 1973. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Us China Business Council employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us China 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 12/2021, Us China Business Council generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED STATES CHINA BUSINESS COUNCIL'S PRIMARY PURPOSE IS TO REPRESENT AMERICAN COMPANIES THAT DO BUSINESS IN CHINA AND EXPAND THE US-CHINA COMMERCIAL RELATIONSHIP TO THE BENEFIT OF ITS MEMBERSHIP AND THE US ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Allen President | Officer | 40 | $425,390 |
Matthew Margulies Vice President, China Offices | 40 | $182,600 | |
Gloria Gonzalez Vice President, Programs | 40 | $166,100 | |
Anna Ashton Vice President, Government Affairs | 40 | $154,250 | |
Doug Barry Senior Director, Communications & Publications | 40 | $151,200 | |
John Kamensky Director, Business Advisory Services | 40 | $103,850 |
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 | $610,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,739 |
| Total Program Service Revenue | $4,910,838 |
| Investment income | $6,916 |
| 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 | $5,557,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $479,188 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,475,339 |
| Pension plan accruals and contributions | $140,538 |
| Other employee benefits | $129,361 |
| Payroll taxes | $141,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,169 |
| Advertising and promotion | $0 |
| Office expenses | $73,413 |
| Information technology | $109,341 |
| Royalties | $0 |
| Occupancy | $405,307 |
| Travel | $24,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,333 |
| Insurance | $28,165 |
| All other expenses | $15,231 |
| Total functional expenses | $4,693,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $898,414 |
| Savings and temporary cash investments | $5,710,519 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,074 |
| 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 | $107,558 |
| Net Land, buildings, and equipment | $248,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,464 |
| Other assets | $1,194,763 |
| Total assets | $8,553,714 |
| Accounts payable and accrued expenses | $330,027 |
| Grants payable | $0 |
| Deferred revenue | $1,930,012 |
| 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 | $1,304,515 |
| Total liabilities | $3,564,554 |
| Net assets without donor restrictions | $4,989,160 |
| 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 | $8,553,714 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Us China Business Council has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: GENERAL CONTRIBUTION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |