Huge Business And Investment Council Inc
- Assets
- $750.7k
- Revenue
- $844.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 86-1364097
Organization Overview
Huge Business And Investment Council Inc is located in Washington, DC. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Huge Business And Investment Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huge Business And Investment Council 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 12/2023, Huge Business And Investment Council Inc generated $844.5k in total revenue. All expenses for the organization totaled $581.3k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO THE CREATION OF THE AMERICAN DREAM IN THE NORTHERN TRIANGLE (HONDURAS, GUATEMALA & EL SALVADOR) THROUGH THE GENERATION OF SUSTAINABLE JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATE AND STRATEGICALLY ALIGN A REGIONAL EFFORT OF HONDURAS, USA, GUATEMALA AND EL SALVADOR LED BY THE PRIVATE SECTOR FOR THE DEVELOPMENT AND EMPOWERMENT OF THE PEOPLE OF THE NORTHERN TRIANGLE. FOCUS IS ON MANUFACTURING, AGROINDUSTRY AND TECHNOLOGY INNOVATION. INCORPORATE LESSONS LEARNED FROM OTHER REGIONAL SUCCESS STORIES. BOOST COMPETITIVENESS AROUND THESE SECTORS THAT INCLUDE INVESTMENT IN SCHOOLS AND TRAINING CENTERS TO PREPARE WORKFORCE, HEALTH CENTERS AND SERVICES, INDUSTRIAL FACILITIES, AFFORDABLE HOUSING FOR THE WORKERS AND THEIR FAMILIES, AND ENERGY TO POWER ECONOMIC GROWTH AND JOB CREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Jose Daboub President | Trustee | 40 | $99,600 |
Camilo Atala Vp, Northern Triangle | Trustee | 5 | $0 |
Anderson Warlick Jr VP Usa | Trustee | 5 | $0 |
Greg Huger Executive Director | Officer | 40 | $150,000 |
Richard Aitkenhead Treasurer | Trustee | 5 | $0 |
Jesus Canahuati Secretary | Trustee | 5 | $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 | $820,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,000 |
| Total Program Service Revenue | $536 |
| Investment income | $24,013 |
| 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 | $844,549 |
| 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. | $249,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,080 |
| Fees for services: Accounting | $27,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,526 |
| Advertising and promotion | $0 |
| Office expenses | $1,504 |
| Information technology | $14,110 |
| Royalties | $0 |
| Occupancy | $1,656 |
| Travel | $33,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,716 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $581,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,265 |
| Savings and temporary cash investments | $615,532 |
| 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 | $1,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,359 |
| Total assets | $750,743 |
| Accounts payable and accrued expenses | $21,856 |
| 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 | $21,856 |
| Net assets without donor restrictions | $728,887 |
| 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 | $750,743 |