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← BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING INC

Form 990 for tax year 2023

Filed by BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING INC.

Totals

Total revenue
$9,437,563
Total expenses
$9,606,104
Contributions and grants received
$3,815,937
Grants paid
$0
Program service revenue
$4,351,104
Investment income
$25,183
Other revenue
$1,245,339
Total assets, end of year
$3,722,985
Total liabilities, end of year
$2,935,875
Net assets or fund balances, end of year
$787,110
Program services expenses (Part IX)
$7,205,017
Management and general expenses
$1,623,957
Fundraising expenses
$777,130
Program service expenses (Part III)
$7,205,017

Program services were 75.0% 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

    $3,111,347

  • 1c · Fundraising events

    $571,500

  • 1f · All other contributions, gifts and grants

    $133,090

  • 2a · Program service revenue: Programs & Conferences

    total $2,374,206 · related or exempt $2,374,206

  • 2b · Program service revenue: Government Contracts

    total $1,976,898 · related or exempt $1,976,898

  • 3 · Investment income

    total $25,183 · related or exempt $25,183

  • 8a · Fundraising events: gross income

    $1,599,000

  • 8a · Fundraising events: contributions included on line 1c

    $571,500

  • 8b · Fundraising events: direct expenses

    $353,661

  • 8c · Net income from fundraising events

    total $1,245,339 · excluded $1,245,339

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,350,061 · program services $1,092,081 · management and general $120,099 · fundraising $137,881

  • 7 · Other salaries and wages

    total $2,290,558 · program services $1,852,858 · management and general $203,765 · fundraising $233,935

  • 8 · Pension plan contributions

    total $191,386 · program services $147,314 · management and general $18,946 · fundraising $25,126

  • 9 · Other employee benefits

    total $599,638 · program services $498,169 · management and general $41,138 · fundraising $60,331

  • 10 · Payroll taxes

    total $287,576 · program services $235,071 · management and general $24,285 · fundraising $28,220

  • 11c · Fees: accounting

    total $18,000 · management and general $18,000

  • 11e · Fees: professional fundraising services

    total $80,000 · fundraising $80,000

  • 11g · Fees: other

    total $463,305 · program services $224,730 · management and general $139,575 · fundraising $99,000

  • 13 · Office expenses

    total $488,755 · program services $103,335 · management and general $346,151 · fundraising $39,269

  • 14 · Information technology

    total $278,299 · program services $765 · management and general $277,534

  • 16 · Occupancy

    total $281,992 · management and general $281,992

  • 17 · Travel

    total $1,173,163 · program services $1,154,617 · management and general $12,696 · fundraising $5,850

  • 22 · Depreciation, depletion and amortization

    total $36,427 · management and general $36,427

  • 23 · Insurance

    total $36,420 · management and general $36,420

  • 24a · Other expenses: Program Activity Expenses

    total $1,606,679 · program services $1,606,679

  • 24b · Other expenses: Development Expense

    total $36,892 · management and general $36,892

  • 24c · Other expenses: Dues & Subscriptions

    total $30,037 · management and general $30,037

  • 24d · Other expenses: Marketing & Development

    total $264,666 · program services $197,148 · fundraising $67,518

  • 24e · All other expenses

    total $92,250 · program services $92,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $431,930 · end of year $1,099,430

  • 4 · Accounts receivable

    beginning of year $2,260,801 · end of year $1,142,860

  • 9 · Prepaid expenses and deferred charges

    beginning of year $152,924 · end of year $238,079

  • 10a · Land, buildings and equipment: cost or other basis

    $282,324

  • 10b · Land, buildings and equipment: accumulated depreciation

    $258,462

  • 10c · Land, buildings and equipment, net

    beginning of year $59,243 · end of year $23,862

  • 11 · Investments: publicly traded securities

    beginning of year $1,236,205 · end of year $1,178,654

  • 12 · Investments: other securities

    beginning of year $40,000 · end of year $40,000

  • 15 · Other assets

    beginning of year $100 · end of year $100

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,025,152 · end of year $766,656

  • 19 · Deferred revenue

    beginning of year $2,077,045 · end of year $1,911,099

  • 23 · Secured mortgages and notes payable

    beginning of year $71,964 · end of year $172,470

  • 25 · Other liabilities

    beginning of year $142,249 · end of year $85,650

  • 27 · Net assets without donor restrictions

    beginning of year $864,793 · end of year $787,110

Mission and programs · 2023

Mission

Education of International relations.BCIU facilitates dialogue and meetings between world businesses and government leaders.

  • Program Services:Conferences, Receptions, group roundtables, Trade Missions, and meetings. BCIU organizes various events with U.S. government officials, foreign government officials, and business executives worldwide.

    Expenses $5,120,370

  • Government Programs:Implementation of programs with the U.S. Trade and Development Agency (USTDA). These programs include a series of meetings, site visits, roundtables, conferences, and receptions with visiting delegations. These programs concern developing and middle income countries from all regions of the world.

    Expenses $2,084,647

  • Commercial Training:Design and deliver commercial training courses for U.S. Foreign Service and U.S. Foreign Commercial Service personnel. These courses are a series of formal instructional programs offered in conjuction with the U.S. Dept. of State and Commerce. Aimed to offer support to and stregthen effectiveness of an American embassys role in promoting U.S. business interests in overseas markets.

As filed on the 2023 return.

Listed in Part VII

  • Peter Tichansky

    President CEO

    Total calculated
    $355,286
    From this org
    $355,286
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $270,286
    Bonus
    $85,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $355,286

  • Nina Kundra

    Senior VP

    Total calculated
    $265,192
    From this org
    $265,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $243,192
    Bonus
    $22,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $265,192

  • Caitlin Noone

    Chief Operating OfficerCorp

    Total calculated
    $257,199
    From this org
    $257,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $254,199
    Bonus
    $3,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $257,199

  • Megan Hagberg

    Senior VP

    Total calculated
    $241,192
    From this org
    $241,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $238,192
    Bonus
    $3,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $241,192

  • Ginelle Baugh

    Senior VPCorp Treasurer

    Total calculated
    $231,192
    From this org
    $231,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $228,192
    Bonus
    $3,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $231,192

  • Max Horwitz

    Highest Compensated Employee

    Total calculated
    $188,534
    From this org
    $188,534
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $163,534
    Bonus
    $25,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $188,534

  • Matthew Lowenbraun

    Highest Compensated Employee

    Total calculated
    $165,389
    From this org
    $165,389
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $165,389
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $165,389

  • Pete Nonis

    Highest Compensated Employee

    Total calculated
    $161,423
    From this org
    $161,423
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $161,423
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $161,423

  • Kenneth Donald

    Highest Compensated Employee

    Total calculated
    $156,000
    From this org
    $156,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $6,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $156,000

  • Brian Dershowitz

    Highest Compensated Employee

    Total calculated
    $135,500
    From this org
    $135,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Kwame Siriboe

    Highest Compensated Employee

    Total calculated
    $121,654
    From this org
    $121,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Joseph Walters

    Highest Compensated Employee

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Julie Monaco

    Chair

    Total calculated
    $0
    Hours/week
    0

  • Daniel Cruise

    Vice Chair

    Total calculated
    $0
    Hours/week
    0

  • Matthew Freedman

    Committee Chair

    Total calculated
    $0
    Hours/week
    0

  • Michael Woods

    Committee Chair

    Total calculated
    $0
    Hours/week
    0

  • Andrew Friendly

    Committee Chair

    Total calculated
    $0
    Hours/week
    0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BCIU Global Advisors Inc

    C Corp · Global Advisors · DE · 100% owned

    Directly controlled by BCIU

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202412369349300821

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