National Center For Apec
- Assets
- $5.9m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 91-1648964
Organization Overview
National Center For Apec is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Center For Apec employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Center For Apec 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, National Center For Apec generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $13.1m during the year ending 12/2023. While expenses have increased by 25.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NCAPEC IS THE ONLY U.S. BUSINESS ASSOCIATION FOCUSED EXCLUSIVELY ON FACILITATING AMERICAN PRIVATE SECTOR INPUT TO THE APEC PROCESS. PROGRAMS TYPICALLY FEATURE DISCUSSIONS BETWEEN BUSINESS, GOVERNMENT AND ACADEMIA ON KEY TRADE AND ECONOMIC POLICY TOPICS IN THE ASIA-PACIFIC REGION. NCAPEC ALSO SERVES AS SECRETARIAT FOR THE U.S. EXECUTIVES WHO ARE APPOINTED MEMBERS OF THE APEC BUSINESS ADVISORY COUNCIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, NCAPEC ORGANIZED THE 2023 APEC CEO SUMMIT WHICH TOOK PLACE IN SAN FRANCISCO, CALIFORNIA, NOVEMBER 14-16 AT THE MOSCONE CENTER WEST. THE SUMMIT BROUGHT GLOBAL CEOS, ENTREPRENEURS, THOUGHT LEADERS AND OTHER STAKEHOLDERS TOGETHER WITH THE MOST SENIOR POLITICAL LEADERS FROM THE ASIA-PACIFIC REGION FOR TWO DAYS OF ROBUST DIALOGUE ON GLOBAL OPPORTUNITIES AND CHALLENGES THAT ARE SHAPING ECONOMIC, ENVIRONMENTAL, AND SOCIETAL TRENDS IN THE REGION.
EXECUTIVE ROUNDTABLE: MEETING WITH SPEAKERS FOCUSED ON APEC TOPICS.
U.S. APEC BUSINESS COALITION, BOARD MISSION, POLICY EVENTS: MEETINGS AND CONFERENCES ON APEC TOPICS; EXCHANGE PROGRAMS BETWEEN APEC COUNTRIES; RESEARCH ON APEC RELATED ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Mulvaney Policy Committee Chair | OfficerTrustee | 1 | $0 |
Philip Vaughn Finance Committee Chair | OfficerTrustee | 1 | $0 |
Sarah Thorn Program Committee Chair | OfficerTrustee | 1 | $0 |
Paul Neureiter Executive Committee | Trustee | 1 | $0 |
Theodore Austell III Executive Committee | Trustee | 1 | $0 |
Ralph Carter Executive Committee | Trustee | 1 | $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 | $13,943,322 |
| Investment income | $37,967 |
| 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 | $13,981,289 |
| 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. | $367,380 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,754,991 |
| Pension plan accruals and contributions | $113,861 |
| Other employee benefits | $67,850 |
| Payroll taxes | $105,660 |
| 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 | $15,800 |
| Advertising and promotion | $0 |
| Office expenses | $193,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,449 |
| Travel | $246,858 |
| 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 | $30,341 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,055,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,875 |
| Savings and temporary cash investments | $3,747,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $499,397 |
| 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 | $74,347 |
| Net Land, buildings, and equipment | $99,453 |
| Investments—publicly traded securities | $1,018,591 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,122 |
| Total assets | $5,932,801 |
| Accounts payable and accrued expenses | $1,721,812 |
| Grants payable | $0 |
| Deferred revenue | $505,875 |
| 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 | $585,404 |
| Total liabilities | $2,813,091 |
| Net assets without donor restrictions | $3,119,710 |
| 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 | $5,932,801 |