Representative Of German Business
- Assets
- $1.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 23
- Location
- San Francisco, CA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 82-5425807
Organization Overview
Representative Of German Business is located in San Francisco, CA. The organization was established in 2019. 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, Representative Of German Business employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Representative Of German Business 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, Representative Of German Business generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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 REPRESENTATIVE OF GERMAN BUSINESS MISSION IS TO SUPPORT, PROMOTE AND MAXAMIZE TRADE AND INVESTMENT RELATIONSHIPS BETWEEN THE FEDERAL REPUBLIC OF GERMANY AND THE U.S.A.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF REPRESENTATIVE OF GERMAN BUSINESS (RGB) SERVICES IN ESTABLISHING BUSINESS PRESENCE IN THE U.S., RGB OFFERS CONSULTING SERVICES. THESE SERVICES INCLUDE A WIDE RANGE OF INTEGRATIVE OPTIONS, FROM DETAILED MARKET STUDIES TO BUSINESS CORRESPONDENCE SERVICES TO POTENTIAL PARTNERS. RGB CUSTOMIZES ITS' SERVICES ACCORDING TO EACH CLIENT'S NEEDS SO THAT IT IS ABLE TO OFFER THE BEST BUSINESS PARTNER REFERRALS. FURTHERMORE, RGB COORDINATES INCENTIVE PROGRAMS TO FACILITATE COMPANIES IN EXPORTING TO THE US. CONSULTING SERVICES INCLUDE: MARKET STUDIES; OFFICE REPRESENTATIONS; INDIVIDUAL BUSINESS PARTNER ARRANGEMENT; US MARKET DEVELOPMENT AND VHP USA.
WITH ITS INNOVATION CENTERS IN SILICON VALLEY, SEATTLE, LOS ANGELES AND PHOENIX, THE WESTERN UNITED STATES IS ONE OF THE MOST IMPORTANT BUSINESS LOCATIONS IN THE WORLD. ESPECIALLY SILICON VALLEY IS THE DRIVING FORCE BEHIND DIGITALIZATION. FUTURE TRENDS AND POTENTIAL RISK CAN BE IDENTIFIED HERE, AND YOU CAN EASILY GET IN TOUCH WITH IMPORTANT TECHNOLOGIES AND BUSINESS PARTNERS. THE INNOVATION SOLUTIONS TEAM OF THE REPRESENTATIVE OF GERMAN BUSINESS (RGB) IS BUILDING A BRIDGE TO THE WESTERN UNITED STATES AND SILICON VALLEY. WITH THE HELP OF AN ESTABLISHED NETWORK OF INDUSTRY, TECHNOLOGY AND INNOVATION EXPERTS, THE RGB SUPPORTS GERMAN COMPANIES TO MASTER CHALLENGES OF DIGITALIZATION. THIS EQUIPS GERMAN COMPANIES WITH A DECISIVE COMPETITIVE ADVANTAGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sven Potthoff President & CEO | OfficerTrustee | 38 | $541,576 |
Mirko Wutzler Vice President | Officer | 38 | $119,090 |
Benjamin Leipold Chairman | Trustee | 1 | $0 |
Thorsten Wilke Vice Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,960 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,478,499 |
| 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 | $1,514,459 |
| Total Program Service Revenue | $532,457 |
| 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 | $2,078,812 |
| 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. | $509,812 |
| Compensation of current officers, directors, key employees. | $23,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142,129 |
| Payroll taxes | $92,565 |
| 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 | $144,275 |
| Advertising and promotion | $0 |
| Office expenses | $2,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $203,993 |
| Travel | $1,920 |
| 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 | $31,311 |
| Insurance | $11,608 |
| All other expenses | $6,239 |
| Total functional expenses | $2,029,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,648 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $371,149 |
| 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 | $22,251 |
| Net Land, buildings, and equipment | $58,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,000 |
| Total assets | $1,573,381 |
| Accounts payable and accrued expenses | $131,791 |
| Grants payable | $0 |
| Deferred revenue | $29,179 |
| 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 | $882,109 |
| Other liabilities | $283,469 |
| Total liabilities | $1,326,548 |
| Net assets without donor restrictions | $246,833 |
| 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 | $1,573,381 |
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