Form 990 for tax year 2023
Filed by REPRESENTATIVE OF GERMAN BUSINESS.
Totals
- Total revenue
- $2,957,417
- Total expenses
- $2,914,122
- Contributions and grants received
- $2,483,517
- Grants paid
- $0
- Program service revenue
- $358,200
- Investment income
- $0
- Other revenue
- $115,700
- Total assets, end of year
- $2,249,254
- Total liabilities, end of year
- $1,889,410
- Net assets or fund balances, end of year
- $359,844
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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
$13,240
-
1e · Government grants (contributions)
$2,470,277
-
2a · Program service revenue: Landing Platform
total $229,840 · related or exempt $229,840
-
2b · Program service revenue: Consulting Services
total $114,650 · related or exempt $114,650
-
2c · Program service revenue: Membership Events
total $13,710 · related or exempt $13,710
-
6a · Gross rents
real property $326,647
-
6b · Less rental expenses
real property $326,647
-
6c · Rental income or loss
real property $0
-
6d · Net rental income or loss
total $0
-
11a · Other revenue: Administration Fees
total $58,315 · excluded $58,315
-
11b · Other revenue: Currency Fluctuation
total $36,786 · excluded $36,786
-
11c · Other revenue: Miscellaneous Income
total $20,599 · excluded $20,599
-
11e · Other revenue, total
$115,700
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $905,619
-
7 · Other salaries and wages
total $652,431
-
9 · Other employee benefits
total $308,179
-
10 · Payroll taxes
total $98,068
-
11c · Fees: accounting
total $38,301
-
11g · Fees: other
total $169,421
-
12 · Advertising and promotion
total $1,324
-
13 · Office expenses
total $29,516
-
14 · Information technology
total $32,519
-
16 · Occupancy
total $126,046
-
17 · Travel
total $49,282
-
19 · Conferences, conventions and meetings
total $12,330
-
22 · Depreciation, depletion and amortization
total $27,755
-
23 · Insurance
total $12,026
-
24a · Other expenses: Project Costs
total $421,950
-
24b · Other expenses: Bad Debt Provision
total $13,000
-
24c · Other expenses: Membership Events
total $5,010
-
24d · Other expenses: Entertainment
total $4,394
-
24e · All other expenses
total $6,951
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,008,832 · end of year $719,527
-
4 · Accounts receivable
beginning of year $254,169 · end of year $271,265
-
9 · Prepaid expenses and deferred charges
beginning of year $10,493 · end of year $11,663
-
10a · Land, buildings and equipment: cost or other basis
$191,961
-
10b · Land, buildings and equipment: accumulated depreciation
$163,695
-
10c · Land, buildings and equipment, net
beginning of year $35,937 · end of year $28,266
-
15 · Other assets
beginning of year $1,584,291 · end of year $1,218,533
-
17 · Accounts payable and accrued expenses
beginning of year $370,023 · end of year $601,623
-
19 · Deferred revenue
beginning of year $91,917 · end of year $6,269
-
24 · Unsecured notes and loans payable
beginning of year $499,875 · end of year $41,143
-
25 · Other liabilities
beginning of year $1,603,358 · end of year $1,240,375
-
27 · Net assets without donor restrictions
beginning of year $328,549 · end of year $359,844
Mission and programs · 2023
Mission
The Representative of German Business mission is to support, promote and maximize trade and investment relationships between the Federal Republic of Germany and the U.S.A.
-
As part of Representative of German Business (RGB) services in establishing business presence in the US, RGB offers consulting services. These services include a wide range of integrative options, from detailed market studies to business correspondence services to potential partners. RGB customizes its' services according to each client's needs so that it is able to offer the best business partner referrals. Furthermore, RGB coordinates incentive programs to facilitate companies in exporting to the US. Consulting services include: market studies; office representations; individual business partner arrangement; US market development and VHP USA.
Revenue $358,200
-
With its innovation centers in Silicon Valley, Seattle, Los Angeles and Phoenix, the western United States is one of the most important business locations in the world. Especially Silicon Valley is the driving force behind digitalization. Future trends and potential risk can be identified here, and you can easily get in touch with important technologies and business partners. The Innovation Solutions Team of the Representative of German Business (RGB) is building a bridge to the western United States and Silicon Valley. With the help of an established network of industry, technology, and innovation experts, the RGB supports German companies to master challenges of digitalization. This equips German companies with a decisive competitive advantage.
As filed on the 2023 return.
Listed in Part VII
-
Sven Potthoff
President & CEO
- Total calculated
- $704,220
- From this org
- $670,401
- From related orgs
- $0
- Other
- $33,819
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $670,401
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,819
- Filer's total
- $704,220
-
Benjamin Leipold
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Thorsten Wilke
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Mirko Wutzler
Vice President
- Total calculated
- $201,399
- From this org
- $169,289
- From related orgs
- $0
- Other
- $32,110
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $169,289
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,110
- Filer's total
- $201,399
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Deutsche Industrie- und Handelskammer
NA · Support Trade · GM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402549349300205
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