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Nonprofiteer
← NATIONAL CENTER FOR APEC

Form 990 for tax year 2023

Filed by NATIONAL CENTER FOR APEC.

Totals

Total revenue
$13,981,289
Total expenses
$13,055,229
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,943,322
Investment income
$37,967
Other revenue
$0
Total assets, end of year
$5,932,801
Total liabilities, end of year
$2,813,091
Net assets or fund balances, end of year
$3,119,710
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.

  • 2a · Program service revenue: HOST COMMITTEE

    total $12,175,051 · related or exempt $12,175,051

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,125,000 · related or exempt $1,125,000

  • 2c · Program service revenue: PROGRAM SPONSORSHIPS

    total $643,271 · related or exempt $643,271

  • 3 · Investment income

    total $37,967 · excluded $37,967

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $367,380

  • 7 · Other salaries and wages

    total $1,754,991

  • 8 · Pension plan contributions

    total $113,861

  • 9 · Other employee benefits

    total $67,850

  • 10 · Payroll taxes

    total $105,660

  • 11g · Fees: other

    total $15,800

  • 13 · Office expenses

    total $193,098

  • 16 · Occupancy

    total $85,449

  • 17 · Travel

    total $246,858

  • 22 · Depreciation, depletion and amortization

    total $30,341

  • 24a · Other expenses: EVENTS

    total $9,610,829

  • 24b · Other expenses: PUBLIC RELATIONS

    total $446,784

  • 24c · Other expenses: COMMUNICATIONS

    total $12,537

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,500 · end of year $210,875

  • 2 · Savings and temporary cash investments

    beginning of year $4,377,716 · end of year $3,747,016

  • 4 · Accounts receivable

    beginning of year $151,125 · end of year $499,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,271 · end of year $74,347

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

    $180,991

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

    $81,538

  • 10c · Land, buildings and equipment, net

    beginning of year $129,794 · end of year $99,453

  • 11 · Investments: publicly traded securities

    beginning of year $965,870 · end of year $1,018,591

  • 15 · Other assets

    beginning of year $355,409 · end of year $283,122

  • 17 · Accounts payable and accrued expenses

    beginning of year $137,002 · end of year $1,721,812

  • 19 · Deferred revenue

    beginning of year $3,322,500 · end of year $505,875

  • 25 · Other liabilities

    beginning of year $823,479 · end of year $585,404

  • 27 · Net assets without donor restrictions

    beginning of year $2,158,704 · end of year $3,119,710

Mission and programs · 2023

Mission

NCAPEC IS THE ONLY U.S. BUSINESS ASSOCIATION FOCUSED EXCLUSIVELY ON FACILITATING AMERICAN PRIVATE SECTOR INPUT TO THE APEC PROCESS. PROGRAMS TYPICALLY FEATURE DISCUSSIONS BETWEEN BUSINESS, GOVERNMENT AND ACADEMIA ON KEY TRADE AND ECONOMIC POLICY TOPICS IN THE ASIA-PACIFIC REGION. NCAPEC ALSO SERVES AS SECRETARIAT FOR THE U.S. EXECUTIVES WHO ARE APPOINTED MEMBERS OF THE APEC BUSINESS ADVISORY COUNCIL.

  • IN 2023, NCAPEC ORGANIZED THE 2023 APEC CEO SUMMIT WHICH TOOK PLACE IN SAN FRANCISCO, CALIFORNIA, NOVEMBER 14-16 AT THE MOSCONE CENTER WEST. THE SUMMIT BROUGHT GLOBAL CEOS, ENTREPRENEURS, THOUGHT LEADERS AND OTHER STAKEHOLDERS TOGETHER WITH THE MOST SENIOR POLITICAL LEADERS FROM THE ASIA-PACIFIC REGION FOR TWO DAYS OF ROBUST DIALOGUE ON GLOBAL OPPORTUNITIES AND CHALLENGES THAT ARE SHAPING ECONOMIC, ENVIRONMENTAL, AND SOCIETAL TRENDS IN THE REGION.

  • EXECUTIVE ROUNDTABLE: MEETING WITH SPEAKERS FOCUSED ON APEC TOPICS.

  • U.S. APEC BUSINESS COALITION, BOARD MISSION, POLICY EVENTS: MEETINGS AND CONFERENCES ON APEC TOPICS; EXCHANGE PROGRAMS BETWEEN APEC COUNTRIES; RESEARCH ON APEC RELATED ISSUES.

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

Listed in Part VII

  • Sean Mulvaney

    POLICY COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Philip Vaughn

    FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Sarah Thorn

    PROGRAM COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Paul Neureiter

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Theodore Austell III

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Ralph Carter

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Pergine

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Antony Cook

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Monique Rodriguez

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Ann Weeks

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1
  • Marie Kissel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Christopher Melly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Steven Liew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David Roth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Mario Palacios

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jake Jennings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Yancy Molnar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Ekrem Sarper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Catherine Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Julia Stiller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Angie Tang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Peter Lavoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jj Ong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Daniel Frakes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Clay Berry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David Katz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Ravi Aurora

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Grant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Flavia Alves

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Haifung Xue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Matt Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Ziyang Fan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen Claeys

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jeremy Sturchio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Colin D'Silva

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kristopher Denzel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Bryant Chambliss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Melissa Tan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Momchil Jelev

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Julien Courbe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Penny Naas

    BOARD MEMBER (THROUGH 1/24)

    Total calculated
    $0
    Hours/week
    0.5
  • Craig Hall

    BOARD MEMBER (THROUGH 4/1)

    Total calculated
    $0
    Hours/week
    0.5
  • Josh Corless

    BOARD MEMBER (THROUGH 4/6)

    Total calculated
    $0
    Hours/week
    0.5
  • Sean Peterson

    BOARD MEMBER (THROUGH 5/3)

    Total calculated
    $0
    Hours/week
    0.5
  • David Kavanaugh

    BOARD MEMBER (THROUGH 5/8)

    Total calculated
    $0
    Hours/week
    0.5
  • David Gruner

    BOARD MEMBER (THROUGH 5/11)

    Total calculated
    $0
    Hours/week
    0.5
  • Steven Chan

    BOARD MEMBER (THROUGH 7/31)

    Total calculated
    $0
    Hours/week
    0.5
  • Laurel Vogelsang

    BOARD MEMBER (THROUGH 9/29)

    Total calculated
    $0
    Hours/week
    0.5
  • Eunice Huang

    BOARD MEMBER (THROUGH 10/10)

    Total calculated
    $0
    Hours/week
    0.5
  • Monica Hardy Whaley

    PRESIDENT

    Total calculated
    $367,380
    From this org
    $307,497
    From related orgs
    $0
    Other
    $59,883
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $280,697
    Bonus
    $26,800
    Other
    $0
    Deferred
    $31,360
    Nontaxable benefits
    $28,523
    Filer's total
    $367,380
  • Alex Parle

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $285,047
    From this org
    $226,767
    From related orgs
    $0
    Other
    $58,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,767
    Bonus
    $50,000
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $28,280
    Filer's total
    $285,047

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
  • 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PACIFIC SUMMIT RESOURCES LLC

    INTERNATIONAL EVENTS COORDINATION AND MANAGEMENT · WA · income $210,447 · assets $772,975

    Directly controlled by NATIONAL CENTER FOR APEC

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202442399349300339

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