American Chamber Of Commerce In Poland
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 98-0118849
Organization Overview
American Chamber Of Commerce In Poland is located in Springfield, IL. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Chamber Of Commerce In Poland 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, American Chamber Of Commerce In Poland generated $1.0m 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 $850.6k during the year ending 12/2021. While expenses have increased by 2.7% 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
STRIVES TO SERVE AND PROMOTE ITS MEMBER COMPANIES AND TO BE THE LEADING VOICE OF BUSINESS IN POLAND, WHILE FOSTERING A RELATIONSHIP WITH THE GOVERNMENT AND PEOPLE OF POLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMCHAM PHARMACEUTICAL COMMITTEE IS A PLATFORM ASSOCIATING KEY COMPANIES IN THE PHARMACEUTICAL MARKET IN POLAND. ITS PURPOSE IS A DIALOGUE AIMED AT THE DEVELOPMENT OF THE CONDITIONS OF THE BUSINESS ENVIRONMENT AND INVESTMENTS IN THE PHARMACEUTICAL INDUSTRY FOCUSED ON THE PATIENT'S WELFARE, REGULATORY STABILITY AND PREDICTABILITY OF BUSINESS OPERATIONS BY INCREASING TRANSPARENCY IN THE LEGISLATIVE PROCESS AND DECISIONS MADE IN CONSULTATION WITH PUBLIC PARTNERS. IN 2021, THE PHARMACEUTICAL COMMITTEE CONTINUED TO ACHIEVED ITS GOALS BY ORGANIZING MEETINGS, ORGANIZING CONFERENCES AND MEETINGS WITH THE PUBLIC SECTOR, COOPERATING WITH OTHER ENTITIES FROM THE INDUSTRY, PREPARING POSITION PAPERS FOR PUBLIC CONSULTATIONS OF LEGAL ACTS, AND ISSUING REPORTS SUCH AS THE "HEALTHY LEGISLATION 2.0" REPORT ANALYZING THE QUALITY OF LAW- MAKING IN THE AREA OF HEALTH PROTECTION.
THE AMCHAM ECONOMIC RESEARCH UNIT IS A RESEARCH FACILITY WITHIN THE AMERICAN CHAMBER OF COMMERCE IN POLAND. THE MAIN FOCUS OF THE RESEARCH IS TO ANALYZE THE MAJORITY-OWNED US BUSINESSES IN POLAND AND THEIR IMPACT ON THE ECONOMY AS WELL AS QUANTIFY VARIOUS ASPECTS OF POLAND-US ECONOMIC RELATIONS. AMCHAM ERU PUBLISHES ITS RESEARCH IN QUARTERLY AMCHAM BUSINESS & ECONOMIC REVIEWS. IN 2021 THE FOLLOWING ISSUES WERE PUBLISHED: -VOL. 1/2021: GREENFIELD INVESTMENTS IN POLAND. US COMPANIES LEAD THE MARKET. -VOL. 2/2021: SOUTHERN POLAND AS A RISING STAR IN LOCATING FOREIGN INVESTMENTS IN POLAND. EVIDENCE OF AMERICAN BUSINESS. -VOL. 3/2021: POLAND-US TRADE RELATIONS 2020. TRADE IN THE SHADOW OF THE PANDEMIC. -VOL. 4/2021: ENERGY TRANSFORMATION IN POLAND.
AMCHAM MONTHLY MEETINGS ARE A SERIES OF TOP-LEVEL MEETINGS WHICH GIVE US ACCESS TO DECISION-MAKERS IN POLAND. DUE TO THE COVID-19 PANDEMIC IN 2021, MEETINGS WERE ORGANIZED HYBRID: ONLINE AND LIVE WHEN IT WAS POSSIBLE. SPEAKERS LIVE INCLUDED MINISTER OF FINANCE, DEPUTY MINISTER OF HEALTH, PRESIDENT OF THE POLISH TRADE AND INVESTMENT AGENCY, AND OTHERS. SPEAKERS ON-LINE INCLUDED MINISTER OF HEALTH, DEPUTY MINISTER OF REGIONAL FUNDS, DEPUTY MINISTER OF FINANCE, AND OTHERS.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lynch Secretary | OfficerTrustee | 1 | $0 |
Robert Bednarski Treasurer | OfficerTrustee | 1 | $0 |
Joseph Wancer Director | OfficerTrustee | 1 | $0 |
Tony Housh Chairman | Trustee | 8 | $0 |
Jolanta Jaworska Vice-Chair | Trustee | 2 | $0 |
Slawomir Sikora Director | Trustee | 2 | $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 | $1,006,187 |
| Investment income | $1 |
| 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 | $1,047,625 |
| 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 | $842,098 |
| 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 | $0 |
| 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 | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $8,090 |
| Total functional expenses | $850,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,185,265 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,185,265 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $244,662 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $940,603 |
| Total liabilities and net assets/fund balances | $1,185,265 |
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