Form 990 for tax year 2024
Filed by AMERICAN ARAB CHAMBER OF COMMERCE.
Totals
- Total revenue
- $2,033,196
- Total expenses
- $1,842,992
- Contributions and grants received
- $627,607
- Grants paid
- $0
- Program service revenue
- $1,397,153
- Investment income
- $8,436
- Other revenue
- $0
- Total assets, end of year
- $490,480
- Total liabilities, end of year
- $316,288
- Net assets or fund balances, end of year
- $174,192
- Program services expenses (Part IX)
- $1,842,992
- 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
$325,760
-
1f · All other contributions, gifts and grants
$301,847
-
2a · Program service revenue: PROGRAM SERVICE
total $1,351,528 · related or exempt $1,351,528
-
2b · Program service revenue: COMMISSION
total $45,625 · related or exempt $45,625
-
3 · Investment income
total $8,436 · related or exempt $8,436
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $18,275 · program services $18,275
-
10 · Payroll taxes
total $1,676 · program services $1,676
-
11b · Fees: legal
total $20,686 · program services $20,686
-
11g · Fees: other
total $175,469 · program services $175,469
-
12 · Advertising and promotion
total $8,383 · program services $8,383
-
13 · Office expenses
total $5,788 · program services $5,788
-
16 · Occupancy
total $39,000 · program services $39,000
-
19 · Conferences, conventions and meetings
total $1,078 · program services $1,078
-
20 · Interest
total $5,653 · program services $5,653
-
23 · Insurance
total $1,124 · program services $1,124
-
24a · Other expenses: PROGRAM SERVICES
total $1,541,880 · program services $1,541,880
-
24b · Other expenses: SOFTWARE
total $10,630 · program services $10,630
-
24c · Other expenses: JANITORIAL SERVICES
total $6,000 · program services $6,000
-
24d · Other expenses: TELEPHONE & COMMUNICATION
total $2,923 · program services $2,923
-
24e · All other expenses
total $4,427 · program services $4,427
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $321,100 · end of year $485,134
-
4 · Accounts receivable
end of year $1,500
-
9 · Prepaid expenses and deferred charges
end of year $3,846
-
15 · Other assets
beginning of year $6,000
-
17 · Accounts payable and accrued expenses
beginning of year $228,975 · end of year $169,006
-
24 · Unsecured notes and loans payable
beginning of year $153,629 · end of year $147,282
-
27 · Net assets without donor restrictions
beginning of year -$55,504 · end of year $174,192
Mission and programs · 2024
Mission
PROVIDING INFORMATION TO THE PUBLIC TO IMPROVE TRADE AND BUSINESS BETWEEN THE UNITED STATES AND MENA REGION, AND TO PROMOTE BETTER RELATIONSHIPS BETWEEN THE AMERICAN AND ARAB AMERICAN COMMUNITIES IN THE UNITED STATES.
Activities or mission (Part I)
PROVIDING INFORMATION TO THE PUBLIC TO IMPROVE TRADE AND BUSINESS BETWEEN THE UNITED STATES AND THE MENA REGION AND TO PROMOTE BETTER RELATIONSHIPS BETWEEN THE AMERICAN AND ARAB AMERICAN OMMUNITIES 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 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mahmoud Al-HadidiMAHMOUD AL-HADIDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fouad AshkarFOUAD ASHKAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Amal BerryAMAL BERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James BerryJAMES BERRY
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Ahmed BoomrodAHMED BOOMROD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ahmad ChebbaniAHMAD CHEBBANI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 20
-
Ali DagherALI DAGHER
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Ghida DagherGHIDA DAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Zenna ElhasanZENNA ELHASAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mohamad HammoudMOHAMAD HAMMOUD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carl Rashid JrCARL RASHID JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ibrahim OstaIBRAHIM OSTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jessica PellegrinoJESSICA PELLEGRINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ali M SafiedineALI M SAFIEDINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Meghan StoreyMEGHAN STOREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mary ZatinaMARY ZATINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 17 August 2026
- IRS schema version
- 2024v5.0
- Source object
- 202632309349301763
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