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Nonprofiteer
← AMERICAN ARAB CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by AMERICAN ARAB CHAMBER OF COMMERCE.

Totals

Total revenue
$1,812,364
Total expenses
$1,716,422
Contributions and grants received
$571,437
Grants paid
$0
Program service revenue
$1,234,782
Investment income
$6,145
Other revenue
$0
Total assets, end of year
$327,100
Total liabilities, end of year
$319,483
Net assets or fund balances, end of year
$7,617
Program services expenses (Part IX)
$1,716,422
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $289,220

  • 1e · Government grants (contributions)

    $75,000

  • 1f · All other contributions, gifts and grants

    $207,217

  • 2a · Program service revenue: PROGRAM SERVICE

    total $1,234,782 · related or exempt $1,234,782

  • 3 · Investment income

    total $6,145 · related or exempt $6,145

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $70,681 · program services $70,681

  • 10 · Payroll taxes

    total $6,939 · program services $6,939

  • 11b · Fees: legal

    total $20,475 · program services $20,475

  • 11g · Fees: other

    total $229,492 · program services $229,492

  • 12 · Advertising and promotion

    total $2,797 · program services $2,797

  • 13 · Office expenses

    total $4,176 · program services $4,176

  • 16 · Occupancy

    total $30,000 · program services $30,000

  • 19 · Conferences, conventions and meetings

    total $15,682 · program services $15,682

  • 23 · Insurance

    total $2,656 · program services $2,656

  • 24a · Other expenses: PROGRAM SERVICES

    total $1,312,172 · program services $1,312,172

  • 24b · Other expenses: SOFTWARE

    total $11,648 · program services $11,648

  • 24c · Other expenses: TELEPHONE & COMMUNICATION

    total $3,265 · program services $3,265

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $3,178 · program services $3,178

  • 24e · All other expenses

    total $3,261 · program services $3,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $213,908 · end of year $321,100

  • 15 · Other assets

    end of year $6,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,547 · end of year $319,483

  • 27 · Net assets without donor restrictions

    beginning of year -$129,639 · end of year $7,617

Mission and programs · 2023

Mission

PROVIDING INFORMATION TO THE PUBLIC TO IMPROVE TRADE AND BUSINESS BETWEEN THE UNITED STATES AND ARAB COUNTRIES, AND TO PROMOTE BETTER RELATIONSHIPS BETWEEN THE AMERICAN AND ARAB COMMUNITIES IN THE UNITED STATES.

  • PROGRAMS AND SERVICES FOR THE BENEFIT OF THE BUSINESS COMMUNITY

  • PROGRAMS AND SERVICES FOR THE BENEFIT OF THE BUSINESS COMMUNITY

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mahmoud Al-Hadidi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Saif Alsenad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fouad Ashkar

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Jay Baydoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amal Berry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Berry

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1
  • Ahmed Boomrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ahmad Chebbani

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10
  • Ali Dagher

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ghida Dagher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Zenna Elhasan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mohamad Hammoud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ramzi Hassoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ramzi Hassoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mohamad Issa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carl Rashid Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ibrahim Osta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Pellegrino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meghan Storey

    DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Mary Zatina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 July 2024
IRS schema version
2023v6.0
Source object
202522169349301647

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