German American Chamber Of Commerce Of The Southern United States Inc
- Assets
- $2.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 32
- Location
- Atlanta, GA
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 58-2203456
Organization Overview
German American Chamber Of Commerce Of The Southern United States Inc is located in Atlanta, GA. The organization was established in 1999. 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, German American Chamber Of Commerce Of The Southern United States Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German American Chamber Of Commerce Of The Southern United States 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 12/2021, German American Chamber Of Commerce Of The Southern United States Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 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
SUPPORT, PROMOTE AND MAXIMIZE TRADE AND INVESTMENT RELATIONSHIPS BETWEEN THE FEDERAL REPUBLIC OF GERMANY AND THE SOUTHERN UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GACC PROMOTES TRADE AND BUSINESS BETWEEN COMPANIES AND ORGANIZATIONS IN GERMANY AND THE SOUTHERN UNITED STATES. GACC'S SERVICE PORTFOLIO IS COMPRISED OF THE AREAS OF MEMBER SERVICES, INCLUDING EVENTS AND CONSULTING, AS WELL AS HR CAREER SERVICES. AS PART OF THE CONSULTING AREA THE FOLLOWING SERVICES ARE OFFERED: GENERAL ADVICE ON HOW TO DO BUSINESS IN THE US, MARKET RESEARCH, BUSINESS PARTNER SEARCH, TRADE SHOW SUPPORT, AND BUSINESS REPRESENTATION. GACC ALSO SUPPORTS POLITICAL AND BUSINESS DELEGATION TRIPS FROM AND TO GERMANY. OUR SERVICES AIM TO SECURE LONG-TERM SUCCESS BETWEEN THE US AND GERMANY.
GACC PROVIDES ONLINE AND PRINT ADVERTISING OPPORTUNITIES, HIGHLY TARGETED ADVERTISING OPTIONS THAT PROVIDE BUSINESSES WITH A MEASURABLE RETURN ON THEIR MARKETING INVESTMENT. GACC EMPHASIZES THAT A STRONG CORPORATE BRAND RESONATES WITH OTHER BUSINESS PARTNERS AND INDUSTRY REPREESNTATIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthias Alexander Hoffman President | 1 | $188,073 | |
Beate Stagnet Director | 1 | $143,970 | |
Crispin Teufel Chairman | Officer | 0 | $0 |
Steven Markham Vice Chairman | Officer | 0 | $0 |
Gerrit Zwergel Treasurer | Officer | 0 | $0 |
Teri Simmons Secretary Director | Officer | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,760,118 |
| 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 | $2,716,388 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,653,367 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,710 |
| Advertising and promotion | $0 |
| Office expenses | $16,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,578 |
| Travel | $7,753 |
| 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 | $20,044 |
| Insurance | $24,821 |
| All other expenses | $41,800 |
| Total functional expenses | $2,603,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,937,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,648 |
| 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 | $50,831 |
| Net Land, buildings, and equipment | $39,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,208 |
| Total assets | $2,378,210 |
| Accounts payable and accrued expenses | $454,843 |
| Grants payable | $0 |
| Deferred revenue | $237,552 |
| 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 | $272,200 |
| Total liabilities | $964,595 |
| Net assets without donor restrictions | $1,413,615 |
| 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 | $2,378,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that German American Chamber Of Commerce Of The Southern United States Inc has recieved totaling $219,325.
| Awarding Organization | Amount |
|---|---|
Halle Foundation Atlanta, GA PURPOSE: TO EXPAND THE CATT WORKFORCE DEVELOPMENT PROGRAM AND HIRE A FULL TIME APPRENTICE SUCCESS COORDINATOR; | $219,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Catapult Employers Association Inc Charlotte, NC | $29,062,151 | $11,591,592 |