Form 990 for tax year 2023
Filed by NATIONAL U S - ARAB CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $619,779
- Total expenses
- $536,496
- Contributions and grants received
- $137,500
- Grants paid
- $0
- Program service revenue
- $482,279
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $828,579
- Total liabilities, end of year
- $6,285
- Net assets or fund balances, end of year
- $822,294
- Program services expenses (Part IX)
- $482,846
- Management and general expenses
- $53,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $445,776
Program services were 90.0% 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
$107,500
-
1f · All other contributions, gifts and grants
$30,000
-
1g · Noncash contributions included above
$30,000
-
2a · Program service revenue: Certifications
total $267,339 · excluded $267,339
-
2b · Program service revenue: Contracting
total $54,940 · excluded $54,940
-
2c · Program service revenue: Sponsorships
total $160,000 · related or exempt $160,000
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $140,500 · program services $126,450 · management and general $14,050
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $290,746 · program services $261,671 · management and general $29,075
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $14,530 · program services $13,077 · management and general $1,453
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,313 · program services $4,782 · management and general $531
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $16,778 · program services $15,100 · management and general $1,678
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $38,893 · program services $35,004 · management and general $3,889
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Software
total $13,589 · program services $12,230 · management and general $1,359
-
24b · Other expenses: Offsite Storage
total $10,687 · program services $9,618 · management and general $1,069
-
24c · Other expenses: office rent
total $3,230 · program services $2,907 · management and general $323
-
24d · Other expenses: subscriptions/dues
total $2,130 · program services $1,917 · management and general $213
-
24e · All other expenses
total $100 · program services $90 · management and general $10
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $416,869 · end of year $520,563
-
2 · Savings and temporary cash investments
beginning of year $259,163 · end of year $200,000
-
3 · Pledges and grants receivable
beginning of year $15,000 · end of year $0
-
4 · Accounts receivable
end of year $17,500
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $7,500 · end of year $30,000
-
9 · Prepaid expenses and deferred charges
beginning of year $8,460 · end of year $25,021
-
10a · Land, buildings and equipment: cost or other basis
$44,445
-
10b · Land, buildings and equipment: accumulated depreciation
$8,950
-
10c · Land, buildings and equipment, net
beginning of year $8,160 · end of year $35,495
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $25,559 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,700 · end of year $6,285
-
27 · Net assets without donor restrictions
beginning of year $739,011 · end of year $822,294
Mission and programs · 2023
Mission
The National U.S.-Arab Chamber of Commerce nal U.S.-Arab certifies documents for shipping goods and materials to various Arab countries, It also sponsors conferences to promote trade,cultural and investment ties between Arab countries and the USA.It serves as a commercial and cultural bridge between the USA and Meddle East & North Africa ( MINA).
Activities or mission (Part I)
National U.S.-Arab Chamber of Commerce certifies documents for shipping goods and materials to various Arab countries, It also sponsors conferences and meetings to promote trade,cultural and investment ties between the USA.and Arab countries & North Africa (MINA).
-
ADVOCACY- SERVING AS AN ADVOCATE FOR THE AMERICAN AND ARAB BUSINESS COMMUNITIES. THE GOVERNMENT RELATIONS TEAM AT NUSACC PROMOTES U.S.- ARAB COMMERCIAL INTERESTS BY PRESENTING TESTIMONY, DRAFTING WHITE PAPERS, AND GENERATING COMMERCIAL RELATIONS AMONG U.S. AND ARAB GOVERNMENTS AND BUSINESS.
Expenses $445,776 · Revenue $482,279
-
ACCESS- PROVIDING ACCESS TO TOP DECISIONMAKERS IN THE UNITED STATES AND THE ARAB WORLD, NUSACC OPENS DOORS TO LEADERS IN THE U.S. AND ARAB BUSINESS COMMUNITIES, THE U.S. GOVERNMENT, ARAB GOVERNMENT, PROFESSIONAL ASSOCIATIONS, THINK TANKS, MULTILATERAL ENTITIES, AND NON GOVERNMENTAL ORGANIZATIONS NGOS.
-
BUSINESS FACILITATION- PROMOTING GOOD ETHICS AND WELL-INFORMED BUSINESS DECISIONS. THE NUSACC TEAM OFFERS A RANGE OF SERVICES DESIGNED TO HELP U.S. AND ARAB BUSINESS LEADERS, INCLUDING CERTIFICATION SERVICES, STANDARDS SERVICES, RESEARCH SERVICES, TRANSLATION SERVICES, TRAINING SERVICES AND TRADE & INVESTMENT SERVICES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David HamodDAVID HAMOD
President & CEO
- Total calculated
- $164,000
- From this org
- $140,500
- From related orgs
- $23,500
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $140,500
-
Ambassadorret Dwight BushAMBASSADORRET DWIGHT BUSH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr SamirkhalilMR SAMIRKHALIL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ambassadorret James SmithAMBASSADORRET JAMES SMITH
Director
- Total calculated
- $0
- Hours/week
- 1
-
He Abdalla Sultan Al-OwaisHE ABDALLA SULTAN AL-OWAIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
He Sheikh Khalifa Al ThaniHE SHEIKH KHALIFA AL THANI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mr Salim ZeenniMR SALIM ZEENNI
Director
- Total calculated
- $0
- Hours/week
- 1
-
He Abdullah Bin Hamad Al AttiyahHE ABDULLAH BIN HAMAD AL ATTIYAH
Honorary Board Member
- Total calculated
- $0
- Hours/week
- 1
-
He Sheikha Lubna Al QassimiHE SHEIKHA LUBNA AL QASSIMI
Honorary Board Member
- Total calculated
- $0
- Hours/week
- 1
-
He Ambsalah SarhanHE AMBSALAH SARHAN
Honorary Board Member
- Total calculated
- $0
- Hours/week
- 1
-
He Drkhaled HanafiHE DRKHALED HANAFI
Honorary Board Member
- Total calculated
- $0
- Hours/week
- 1
-
He Senator Nael Al KabaritiHE SENATOR NAEL AL KABARITI
Co-Chairman
- 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. 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441559349301144
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