Totals
- Total revenue
- $8,702,874
- Total expenses
- $7,786,219
- Contributions and grants received
- $2,497,750
- Grants paid
- $36,850
- Program service revenue
- $5,890,443
- Investment income
- $306,249
- Other revenue
- $8,432
- Total assets, end of year
- $10,067,521
- Total liabilities, end of year
- $3,936,013
- Net assets or fund balances, end of year
- $6,131,508
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1f · All other contributions, gifts and grants
$2,497,750
-
2a · Program service revenue: MEMBERSHIP DUES
total $4,702,927 · unrelated business $0 · excluded $0
-
2b · Program service revenue: FOREIGN OFFICES
total $314,851 · unrelated business $0 · excluded $0
-
2c · Program service revenue: MEETINGS AND EVENTS
total $872,245 · unrelated business $0 · excluded $0
-
2d · Program service revenue: MEMBER SERVICES
total $420 · unrelated business $0 · excluded $0
-
3 · Investment income
total $306,249 · unrelated business $0 · excluded $306,249
-
11a · Other revenue: OTHER INCOME
total $8,432 · related or exempt $8,432 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$8,432
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $36,850 · program services $0
-
5 · Compensation of officers, directors and key employees
total $544,310 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $3,629,107 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $197,412 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $205,016 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $242,038 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $78,124 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $42,862 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $757,654 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $126,409 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $103,174 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $386,673 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $180,826 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $940,924 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $68,367 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $37,727 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: SUBSCRIPTIONS & DUES
total $114,972 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: PUBLICATIONS
total $38,277 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: BAD DEBT EXPENSE
total $15,861 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: STAFF TRAININGS
total $10,435 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $29,201 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,182,987 · end of year $507,616
-
2 · Savings and temporary cash investments
beginning of year $5,776,171 · end of year $7,586,498
-
4 · Accounts receivable
beginning of year $451,141 · end of year $735,892
-
9 · Prepaid expenses and deferred charges
beginning of year $125,340 · end of year $131,180
-
10a · Land, buildings and equipment: cost or other basis
$644,713
-
10b · Land, buildings and equipment: accumulated depreciation
$458,232
-
10c · Land, buildings and equipment, net
beginning of year $197,712 · end of year $186,481
-
14 · Intangible assets
beginning of year $2,586
-
15 · Other assets
beginning of year $1,227,921 · end of year $919,854
-
17 · Accounts payable and accrued expenses
beginning of year $389,000 · end of year $892,987
-
19 · Deferred revenue
beginning of year $2,033,101 · end of year $2,041,880
-
25 · Other liabilities
beginning of year $1,326,284 · end of year $1,001,146
-
27 · Net assets without donor restrictions
beginning of year $5,215,473 · end of year $6,131,508
Mission and programs · 2023
Mission
THE UNITED STATES CHINA BUSINESS COUNCILS PRIMARY PURPOSE IS TO REPRESENT AMERICAN COMPANIES THAT DO BUSINESS IN CHINA AND EXPAND THE US-CHINA COMMERCIAL RELATIONSHIP TO THE BENEFIT OF ITS MEMBERSHIP AND THE US ECONOMY.
-
SEE SCHEDULE O
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Craig BillingsCRAIG BILLINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William S CohenWILLIAM S COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David E ConstableDAVID E CONSTABLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terrence R CurtinTERRENCE R CURTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stanley A DealSTANLEY A DEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmine Di SibioCARMINE DI SIBIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John DonahoeJOHN DONAHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Callahan ErdoesMARY CALLAHAN ERDOES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evan G GreenbergEVAN G GREENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim FitterlingJIM FITTERLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert B FordROBERT B FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seifi GhasemiSEIFI GHASEMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela HwangANGELA HWANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lal KarsanbhaiLAL KARSANBHAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michel A KhalafMICHEL A KHALAF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ramon LaguartaRAMON LAGUARTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah LehrDEBORAH LEHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roberta LipsonROBERTA LIPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Geoff MarthaGEOFF MARTHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan McInerneyRYAN MCINERNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug McMillonDOUG MCMILLON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon R MoellerJON R MOELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric S MusserERIC S MUSSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laxman NarasimhanLAXMAN NARASIMHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Milind PantMILIND PANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James QuinceyJAMES QUINCEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Krishnan RajagopalanKRISHNAN RAJAGOPALAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael F RomanMICHAEL F ROMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harvey M SchwartzHARVEY M SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian SikesBRIAN SIKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob SternfelsBOB STERNFELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
D James Umpleby IIID JAMES UMPLEBY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WaldronJOHN WALDRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WilliamsJEFF WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack P WilliamsJACK P WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc N CasperMARC N CASPER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Darius AdamczykDARIUS ADAMCZYK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rajesh SubramaniamRAJESH SUBRAMANIAM
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cristiano R AmonCRISTIANO R AMON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer ScanlonJENNIFER SCANLON
SECRETARY-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Eric C EmersonERIC C EMERSON
COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Craig AllenCRAIG ALLEN
PRESIDENT
- Total calculated
- $435,979
- From this org
- $393,928
- From related orgs
- $0
- Other
- $42,051
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $393,928
- Bonus
- $0
- Other
- $0
- Deferred
- $39,393
- Nontaxable benefits
- $2,659
- Filer's total
- $435,980
-
William David ThomasWILLIAM DAVID THOMAS
SENIOR VICE PRESIDENT, DC OFFICE
- Total calculated
- $350,185
- From this org
- $317,190
- From related orgs
- $0
- Other
- $32,995
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $268,805
- Bonus
- $48,385
- Other
- $0
- Deferred
- $31,719
- Nontaxable benefits
- $1,276
- Filer's total
- $350,185
-
Matthew MarguliesMATTHEW MARGULIES
SENIOR VICE PRESIDENT, CHINA OFFICES
- Total calculated
- $239,661
- From this org
- $212,695
- From related orgs
- $0
- Other
- $26,966
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,500
- Bonus
- $31,195
- Other
- $0
- Deferred
- $21,270
- Nontaxable benefits
- $5,696
- Filer's total
- $239,661
-
Rory MurphyRORY MURPHY
VICE PRESIDENT, GOVERNMENT AFFAIRS
- Total calculated
- $242,386
- From this org
- $213,400
- From related orgs
- $0
- Other
- $28,986
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,000
- Bonus
- $45,400
- Other
- $0
- Deferred
- $19,940
- Nontaxable benefits
- $9,046
- Filer's total
- $242,386
-
Gloria Gonzalez-MicklinGLORIA GONZALEZ-MICKLIN
VICE PRESIDENT, PROGRAMS
- Total calculated
- $226,146
- From this org
- $197,500
- From related orgs
- $0
- Other
- $28,646
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,500
- Bonus
- $40,000
- Other
- $0
- Deferred
- $19,750
- Nontaxable benefits
- $8,896
- Filer's total
- $226,146
-
Andrew BarrANDREW BARR
SENIOR DIRECTOR, FINANCE & ADMINISTRATION
- Total calculated
- $195,712
- From this org
- $159,000
- From related orgs
- $0
- Other
- $36,712
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,000
- Bonus
- $24,000
- Other
- $0
- Deferred
- $15,900
- Nontaxable benefits
- $20,812
- Filer's total
- $195,712
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 · Approval by the board or compensation committee
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
-
$20,000
GENERAL SUPPORT
-
$10,000
GENERAL SUPPORT
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.
-
501(C)(3) · TO SUPPORT U.S. CHINA BUSINESS COUNCIL · DE
Directly controlled by CHINA BUS COUNCIL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403139349302670
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.