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← BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING INC

Form 990 for tax year 2024

Filed by BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING INC.

What the amendment changed

Compared with the return it replaced , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$10,361,932 changed to $10,243,570
Total expenses
$9,949,315 changed to $10,232,895
Contributions and grants received
$5,645,533 changed to $5,712,241
Program service revenue
$4,790,620 changed to $4,712,897
Investment income
$193,161 changed to $85,948
Other revenue
-$267,382 changed to -$267,516
Total assets, end of year
$4,885,080 changed to $4,200,193
Total liabilities, end of year
$3,649,739 changed to $3,991,729
Net assets or fund balances, end of year
$1,235,341 changed to $208,464
Program services expenses
$7,511,462 changed to $7,801,034
Management and general expenses
$1,362,893 changed to $1,468,534
Fundraising expenses
$1,074,960 changed to $963,327
Program service expenses (Part III)
$7,511,462 changed to $7,801,034

Totals

Total revenue
$10,243,570
Total expenses
$10,232,895
Contributions and grants received
$5,712,241
Grants paid
$0
Program service revenue
$4,712,897
Investment income
$85,948
Other revenue
-$267,516
Total assets, end of year
$4,200,193
Total liabilities, end of year
$3,991,729
Net assets or fund balances, end of year
$208,464
Program services expenses (Part IX)
$7,801,034
Management and general expenses
$1,468,534
Fundraising expenses
$963,327
Program service expenses (Part III)
$7,801,034

Program services were 76.2% 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

    $3,090,389

  • 1c · Fundraising events

    $2,412,950

  • 1f · All other contributions, gifts and grants

    $208,902

  • 2a · Program service revenue: PROGRAMMING ACTIVITIES

    total $3,005,329 · related or exempt $3,005,329

  • 2b · Program service revenue: CONTRACTS

    total $1,707,568 · related or exempt $1,707,568

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $40,227 · excluded $40,227

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $591,772

  • 7b · Less cost or other basis and sales expenses

    securities $546,051

  • 7c · Gain or loss

    securities $45,721 · other assets $0

  • 7d · Net gain or loss

    total $45,721 · excluded $45,721

  • 8a · Fundraising events: gross income

    $101,850

  • 8a · Fundraising events: contributions included on line 1c

    $2,412,950

  • 8b · Fundraising events: direct expenses

    $369,366

  • 8c · Net income from fundraising events

    total -$267,516 · excluded -$267,516

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,796,019 · program services $1,470,811 · management and general $163,713 · fundraising $161,495

  • 7 · Other salaries and wages

    total $2,568,391 · program services $2,081,902 · management and general $250,585 · fundraising $235,904

  • 8 · Pension plan contributions

    total $86,624 · program services $70,939 · management and general $7,896 · fundraising $7,789

  • 9 · Other employee benefits

    total $490,131 · program services $401,382 · management and general $44,677 · fundraising $44,072

  • 10 · Payroll taxes

    total $314,636 · program services $257,665 · management and general $28,680 · fundraising $28,291

  • 11b · Fees: legal

    total $110,760 · management and general $110,760

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 11e · Fees: professional fundraising services

    total $210,500 · fundraising $210,500

  • 11g · Fees: other

    total $565,187 · program services $274,149 · management and general $170,268 · fundraising $120,770

  • 12 · Advertising and promotion

    total $271,607 · program services $192,642 · fundraising $78,965

  • 13 · Office expenses

    total $472,193 · program services $99,862 · management and general $334,516 · fundraising $37,815

  • 14 · Information technology

    total $250,274 · program services $688 · management and general $249,586

  • 16 · Occupancy

    total $424,749 · program services $346,125 · management and general $48,801 · fundraising $29,823

  • 17 · Travel

    total $1,073,487 · program services $1,056,517 · management and general $11,617 · fundraising $5,353

  • 22 · Depreciation, depletion and amortization

    total $2,193 · management and general $2,193

  • 23 · Insurance

    total $36,316 · program services $29,594 · management and general $4,172 · fundraising $2,550

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,470,758 · program services $1,470,758

  • 24b · Other expenses: CREDIT LOSS EXPENSE

    total $48,000 · program services $48,000

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $32,070 · management and general $32,070

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,099,430 · end of year $616,050

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $69,310

  • 3 · Pledges and grants receivable

    end of year $91,667

  • 4 · Accounts receivable

    beginning of year $1,142,860 · end of year $1,323,373

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238,079 · end of year $443,231

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

    $283,462

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

    $260,656

  • 10c · Land, buildings and equipment, net

    beginning of year $23,862 · end of year $22,806

  • 11 · Investments: publicly traded securities

    beginning of year $1,178,654 · end of year $996,433

  • 12 · Investments: other securities

    beginning of year $40,100 · end of year $803

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $636,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $766,656 · end of year $597,076

  • 19 · Deferred revenue

    beginning of year $1,911,099 · end of year $2,267,806

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $172,470 · end of year $123,002

  • 25 · Other liabilities

    beginning of year $85,650 · end of year $1,003,845

  • 27 · Net assets without donor restrictions

    beginning of year $787,110 · end of year $208,464

Mission and programs · 2024

Mission

THE BUSINESS COUNCIL FOR INTERNATIONAL UNDERSTANDING, INC. (BCIU) WAS ORGANIZED TO PROMOTE DIALOGUE AND ACTION BETWEEN THE BUSINESS AND GOVERNMENT COMMUNITIES FOR THE PURPOSE OF EXPANDING INTERNATIONAL COMMERCE.

Activities or mission (Part I)

EDUCATION OF INTERNATIONAL RELATIONS - BCIU FACILITATES DIALOGUE AND MEETINGS BETWEEN WORLD BUSINESSES AND GOVERNMENT LEADERS.

  • PROGRAM SERVICES: CONFERENCES, RECEPTIONS, GROUP ROUNDTABLES, TRADE MISSIONS, AND MEETINGS. BCIU ORGANIZES VARIOUS EVENTS WITH U.S. GOVERNMENT OFFICIALS, FOREIGN GOVERNMENT OFFICIALS, AND BUSINESS EXECUTIVES WORLDWIDE.

    Expenses $5,248,978 · Revenue $2,961,147

  • GOVERNMENT CONTRACTS PROGRAMS: IMPLEMENTATION OF PROGRAMS WITH THE U.S. TRADE AND DEVELOPMENT AGENCY (USTDA). THESE PROGRAMS INCLUDE A SERIES OF MEETINGS, SITE VISITS, ROUNDTABLES, CONFERENCES, AND RECEPTIONS WITH VISITING DELEGATIONS. THESE PROGRAMS CONCERN DEVELOPING AND MIDDLE INCOME COUNTRIES FROM ALL REGIONS OF THE WORLD.

    Expenses $2,519,563 · Revenue $1,667,609

  • COMMERCIAL TRAINING: DESIGN AND DELIVER COMMERCIAL TRAINING COURSES FOR U.S. FOREIGN SERVICE AND U.S. FOREIGN COMMERCIAL SERVICE PERSONNEL. THESE COURSES ARE A SERIES OF FORMAL INSTRUCTIONAL PROGRAMS OFFERED IN CONJUNCTION WITH THE U.S. DEPT. OF STATE AND COMMERCE. AIMED TO OFFER SUPPORT TO AND STRENGTHEN EFFECTIVENESS OF AN AMERICAN EMBASSY'S ROLE IN PROMOTING U.S. BUSINESS INTERESTS IN OVERSEAS MARKETS.

    Expenses $32,493 · Revenue $84,141

As filed on the 2024 return.

Listed in Part VII

  • JULIE MONACO

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    19

  • MICHAEL WOODS

    BOARD MEMBER/FIN COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    14

  • PETER J TICHANSKY

    PRESIDENT AND CEO

    Total calculated
    $349,784
    From this org
    $290,992
    From related orgs
    $0
    Other
    $58,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,992
    Bonus
    $0
    Other
    $0
    Deferred
    $26,189
    Nontaxable benefits
    $32,603
    Filer's total
    $349,784

  • THOMAS J KNOX ESQ

    BOARD MEMBER/LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    10

  • ANDREW FRIENDLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    17

  • AYMERIC LEPEU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BRENDAN DUVAL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • BRIAN MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CCILIA ATTIAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CD GLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • DANIEL CRUISE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    9

  • HELGA FLORES TREJO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    9.5

  • JEFF KRATZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • JONATHAN SELIB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    9.5

  • JOSETTE SHEERAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JOSHUA DIXON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • KARA CARSCADEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • KENNETH WYSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MATTHEW C FREEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    9

  • MAURICE TEMPELSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MENASSIE TADDESE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • NANCY ZIUZIN-SCHLEGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • OMAR VARGAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • PAUL FREEDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • PAUL J OSTLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RANGU SALGAME

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • RICHARD SMOTKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ROBERT STEBBINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ROD JIMENEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SAMISH KUMAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SEUN SALAMI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SOLA YOMI-AJAYI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • STANLEY M BERGMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SUSAN C SCHWAB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • SUSAN GREENWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    12

  • TANIA HANNA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8

  • TERESA CARLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • THERESA FARIELLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    9.5

  • TIM HOGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • VIRGINIA WEIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    14

  • ZUBAID AHMAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CAITLIN NOONE

    CHIEF OPERATING OFFICER

    Total calculated
    $302,972
    From this org
    $262,074
    From related orgs
    $0
    Other
    $40,898
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,074
    Bonus
    $0
    Other
    $0
    Deferred
    $23,587
    Nontaxable benefits
    $17,311
    Filer's total
    $302,972

  • GINELLE BAUGH

    SENIOR VICE PRESIDENT AND TREASURER OF THE BOARD

    Total calculated
    $294,021
    From this org
    $235,189
    From related orgs
    $0
    Other
    $58,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,189
    Bonus
    $0
    Other
    $0
    Deferred
    $14,111
    Nontaxable benefits
    $44,721
    Filer's total
    $294,021

  • MEGHAN HAGBERG

    SENIOR VICE PRESIDENT

    Total calculated
    $312,607
    From this org
    $246,077
    From related orgs
    $0
    Other
    $66,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,077
    Bonus
    $0
    Other
    $0
    Deferred
    $22,147
    Nontaxable benefits
    $44,383
    Filer's total
    $312,607

  • NINA KUNDRA

    SENIOR VICE PRESIDENT

    Total calculated
    $316,828
    From this org
    $251,077
    From related orgs
    $0
    Other
    $65,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,077
    Bonus
    $0
    Other
    $0
    Deferred
    $22,597
    Nontaxable benefits
    $43,154
    Filer's total
    $316,828

  • MATTHEW LOWENBRAUN

    VICE PRESIDENT, MEMBERSHIP

    Total calculated
    $219,808
    From this org
    $171,492
    From related orgs
    $0
    Other
    $48,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,492
    Bonus
    $0
    Other
    $0
    Deferred
    $4,783
    Nontaxable benefits
    $43,533
    Filer's total
    $219,808

  • BRIAN DERSHOWITZ

    SENIOR DIRECTOR

    Total calculated
    $164,687
    From this org
    $138,462
    From related orgs
    $0
    Other
    $26,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,462
    Bonus
    $0
    Other
    $0
    Deferred
    $9,692
    Nontaxable benefits
    $16,533
    Filer's total
    $164,687

  • KENNETH DONALD

    SENIOR DIRECTOR, NATIONAL SECURITY

    Total calculated
    $226,326
    From this org
    $167,692
    From related orgs
    $0
    Other
    $58,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,692
    Bonus
    $0
    Other
    $0
    Deferred
    $15,092
    Nontaxable benefits
    $43,542
    Filer's total
    $226,326

  • KWAME SIRIBOE

    DIRECTOR, FINANCE & IT

    Total calculated
    $157,492
    From this org
    $132,769
    From related orgs
    $0
    Other
    $24,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,769
    Bonus
    $0
    Other
    $0
    Deferred
    $7,966
    Nontaxable benefits
    $16,757
    Filer's total
    $157,492

  • MAX HORWITZ

    VICE PRESIDENT, BCIU VENTURES

    Total calculated
    $213,040
    From this org
    $171,373
    From related orgs
    $0
    Other
    $41,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,373
    Bonus
    $0
    Other
    $0
    Deferred
    $10,073
    Nontaxable benefits
    $31,594
    Filer's total
    $213,040

  • PETE NONIS

    VICE PRESIDENT, MARKETING & COMMUNICATIONS

    Total calculated
    $185,797
    From this org
    $157,431
    From related orgs
    $0
    Other
    $28,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,431
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,366
    Filer's total
    $185,797

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BCIU GLOBAL ADVISORS INC

    C CORPORATION · GLOBAL ADVISORS · DE · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by BCIU

  • BCIU (EUROPE) LIMITED

    C CORPORATION · ACTIVITIES OF BUSINESS AND EMPLOYERS MEMBERSHIP ORGANIZATIONS · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by BCIU

Provenance

Return type
form_990
Tax year
2024
Filed
31 July 2026
IRS schema version
2024v5.1
Source object
202602129349300810

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