Civic Intelligence

Busacc

990 • Fiscal year 2016 • EIN 32-0099085

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 13, 2017

Organization Profilewww.bilateralchamber.org
2727 Allen ParkwayHouston, TX 77019

(713) 880-8168

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.15x

Higher debt load relative to assets than 45% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.06x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

13th percentile

-8.9%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$297,083

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 29.3% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets45th percentile

Assets

$390,500

No earlier filing loaded for comparison.

Net Assets

$331,330

No earlier filing loaded for comparison.

Liabilities

$59,170

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin13th percentile

Revenue

$1,015,576

No earlier filing loaded for comparison.

Expenses

$1,105,476

No earlier filing loaded for comparison.

Net Income

-$89,900

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2016: $390,500Liabilities 2016: $59,170Net Assets 2016: $331,3302016Assets 2017: $498,440Liabilities 2017: $22,596Net Assets 2017: $475,8442017Assets 2018: $752,685Liabilities 2018: $48,042Net Assets 2018: $704,6432018Assets 2019: $945,828Liabilities 2019: $32,124Net Assets 2019: $913,7042019Assets 2020: $1,072,792Liabilities 2020: $39,428Net Assets 2020: $1,033,3642020Assets 2021: $857,585Liabilities 2021: $24,574Net Assets 2021: $833,0112021Assets 2022: $898,278Liabilities 2022: $46,662Net Assets 2022: $851,6162022Assets 2023: $1,104,336Liabilities 2023: $161,663Net Assets 2023: $942,6732023Assets 2024: $1,227,882Liabilities 2024: $95,475Net Assets 2024: $1,132,4072024

Highlighted filing

2016

Assets$390,500
Liabilities$59,170
Net Assets$331,330
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,015,576Expenses 2016: $1,105,476Net Income 2016: -$89,9002016Revenue 2017: $1,287,305Expenses 2017: $1,142,791Net Income 2017: $144,5142017Revenue 2018: $1,807,992Expenses 2018: $1,579,193Net Income 2018: $228,7992018Revenue 2019: $2,412,175Expenses 2019: $2,203,114Net Income 2019: $209,0612019Revenue 2020: $805,968Expenses 2020: $794,141Net Income 2020: $11,8272020Revenue 2021: $679,258Expenses 2021: $889,611Net Income 2021: -$210,3532021Revenue 2022: $1,214,938Expenses 2022: $1,196,333Net Income 2022: $18,6052022Revenue 2023: $1,464,710Expenses 2023: $1,486,257Net Income 2023: -$21,5472023Revenue 2024: $2,788,552Expenses 2024: $2,176,418Net Income 2024: $612,1342024

Highlighted filing

2016

Revenue$1,015,576
Expenses$1,105,476
Net Income-$89,900
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 13, 2017
Return Version
2016v3.0
Gross Receipts
$1,015,576
Mission and Program Overview

Mission

BUSACC (dba THE BILATERAL CHAMBER) PROMOTES U.S. EXPORTS TO THE MIDDLE EAST AND NORTH AFRICA (MENA) REGION THROUGH BUSINESS & EDUCATION ADVOCACY PROGRAMS AND SERVES AS AN OFFICIAL CONTRACTOR FOR THE US TRADE AND DEVELOPMENT AGENCY (USTDA).

The bilateral us-arab chamber(busacc) promotes u.s. Exports to the middle east and north africa (mena) region through business & education advocacy programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$450,947$331,330▼ $119,617
Cash and Non-Interest-Bearing Accounts$256,199$236,524▼ $19,675
Savings and Temporary Cash Investments$195,462$126,221▼ $69,241
Land, Buildings, and Equipment, Net$18,426$18,426→ $0
Prepaid Expenses and Deferred Charges$32,248$9,329▼ $22,919
Intangible Assets$1,631--
Total Assets$503,966$390,500▼ $113,466
Liabilities
Other Liabilities$53,019$59,170▲ $6,151
Total Liabilities$53,019$59,170▲ $6,151
Net Assets / Fund Balance
Total Net Assets Fund Balance$450,947$331,330▼ $119,617
Total Liabilities and Net Assets / Fund Balance$503,966$390,500▼ $113,466

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,244$19,749$23,993
Leasehold Improvements$14,182$2,405$16,587
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Aida AraissiPresidentFT$297,083$297,083
David L PhillipsChairman of the BoardPT$40,000$40,000

Board Members and Trustees

NameTitle
Adel ChaouchBoard Member
Dan BorgenBoard Member
Wayne P DickeyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$609,500
Program Service Revenue
$406,071
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-89,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$610,091
Other Expenses$495,385
Total Fundraising Expense$147,393
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$168,542$84,271$84,271$337,084
Other Salaries and Wages$114,278$88,267-$202,545
Occupancy-$138,091-$138,091
Payroll Taxes$23,260$2,939$7,259$33,458
Travel-$365$31,964$32,329
Other Employee Benefits-$26,892-$26,892
Advertising--$23,899$23,899
Information Technology-$19,135-$19,135
Office Expenses-$13,493-$13,493
Fees for Services Other$10,630--$10,630
Fees for Services Accounting-$10,630-$10,630
All Other Expenses-$10,561-$10,561
Pension Plan Contributions-$10,112-$10,112
Other Expenses$76,018$5,474-$5,474
Depreciation Depletion-$5,027-$5,027
Insurance-$4,222-$4,222
Total Functional Expenses$519,846$438,237$147,393$1,105,476
International Activity

International Summary

Spending
$76,019

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram servicesEducation Series--$57,920
Middle East and North AfricaProgram servicesConference Sessions--$18,099
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$38,686
Security Deposits$13,357
Payroll Taxes Payable$7,127
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Two of the board members are married”

Members or stockholder classes and rights Part VI line 6

“The organization has various levels of membership.”

Form 990 governing body review Part VI line 11

“Form 990 is provided to the governing board for review and approval priorto its being signed by an appropriate officer.”

Conflict of interest policy compliance Part VI line 12C

“The chairman of the board continually reviews policies and procedures andevaluates whether those policies and procedures are adequate to enforcecompliance with the conflict of interest policies as well as otherorganization policies.”

Governing documents etc available to public Part VI line 19

“The organization also has their form 990 posted online forthe general public at www.guidestar.org”

Filing and Contact Details

Filer

Filer Name
Busacc
EIN
32-0099085
Address
2727 Allen Parkway, Houston, TX 77019

Signing Officer

Name
Aida Araissi
Title
President
Phone
7138808168
Signed
2017-10-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Aida Araissi
Formed
2004
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
9
Volunteers
20

Preparer

Firm
Quick Keeper Inc
Address
5959 West Loop South Ste 504, Bellaire, TX 77401
Preparer
Scott Washburn
Phone
8327674800
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Book adjustment to correct net assets to previous year return”

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUSACC ORGANIZES CONFERENCES, PROGRAMS & SEMINARS THROUGH ITS SMALLBUSINESS WORKSHOP SERIES, AMBASSADOR SERIES, AND LEADERSHIP SERIES FORMEMBERS TO DISCUSS TRADE, INDUSTRY & COMMERCE WITH BUSINESS ANDGOVERNMENT LEADERS FROM THE U.S. AND MENA REGION. THESE EVENTS ALLOWOUR BUSINESS MEMBERS TO NETWORK WITH INFLUENTIAL BUSINESS LEADERS ANDWITH EACH OTHER AND TO LEARN HOW TO EXPORT TO THE MENA REGION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0BUSACC ADVOCATES TRADE RELATIONS BETWEEN THE U.S. AND MENA REGIONSTHROUGH A VARIETY OF EXPORT ASSISTANCE PROGRAMS. THE PROGRAMS PROVIDEEXPERTISE ON EMERGING MARKETS AND THEIR TRADE POLICIES. AS AN US-ARABCHAMBER OF COMMERCE, BUSACC IS RECOGNIZED BY ARAB GOVERNMENTS TOCERTIFY DOCUMENTS PERTAINING TO TRADE AND EXPORT OF GOODS FROM THE U.S.TO THE MENA REGION. BUSACC ALSO PROVIDES TRANSLATION SERVICES TOFACILITATE THE EASE OF TRAVEL AND COMMUNICATION.
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02405
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016587
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt138686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARDS PAYABLE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS VARIOUS LEVELS OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO THE GOVERNING BOARD FOR REVIEW AND APPROVAL PRIORTO ITS BEING SIGNED BY AN APPROPRIATE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIRMAN OF THE BOARD CONTINUALLY REVIEWS POLICIES AND PROCEDURES ANDEVALUATES WHETHER THOSE POLICIES AND PROCEDURES ARE ADEQUATE TO ENFORCECOMPLIANCE WITH THE CONFLICT OF INTEREST POLICIES AS WELL AS OTHERORGANIZATION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION ALSO HAS THEIR FORM 990 POSTED ONLINE FORTHE GENERAL PUBLIC AT WWW.GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK ADJUSTMENT TO CORRECT NET ASSETS TO PREVIOUS YEAR RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0609500
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0147393
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0438237
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0519846
IRS990/TotalFunctionalExpensesGrp/TotalAmt01105476
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053019
IRS990/TotalLiabilitiesEOYAmt059170
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0519846
IRS990/TotalProgramServiceRevenueAmt0406071
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0406076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01015576
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0503966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0390500
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt031964
IRS990/TravelGrp/ManagementAndGeneralAmt0365
IRS990/TravelGrp/TotalAmt032329
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ReturnHeader/BusinessOfficerGrp/PersonNm0AIDA ARAISSI
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ReturnHeader/BusinessOfficerGrp/PhoneNum07138808168
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUSACC
ReturnHeader/Filer/BusinessNameControlTxt0BUSA
ReturnHeader/Filer/EIN0320099085
ReturnHeader/Filer/USAddress/AddressLine1Txt02727 Allen Parkway
ReturnHeader/Filer/USAddress/CityNm0Houston
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EB56A45F2BDA552AF3F6835AFC8EF6DAE24AA6C7
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-10-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.180.70.26
ReturnHeader/FilingSecurityInformation/IPDt02017-10-13
ReturnHeader/FilingSecurityInformation/IPTm010:43:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203989911
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Quick Keeper Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05959 West Loop South Ste 504
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bellaire
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077401
ReturnHeader/PreparerPersonGrp/PhoneNum08327674800
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Scott Washburn
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-13T10:43:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,500
Liabilities
$59,170
Net assets
$331,330
Revenue
$1,015,576
Expenses
$1,105,476
Net income
-$89,900
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.10$1.13$2.79$2.18$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.16$0.94$1.46$1.49$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.05$0.85$1.21$1.20$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.02$0.83$0.68$0.89$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.04$1.03$0.81$0.79$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.03$0.91$2.41$2.20$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.05$0.70$1.81$1.58$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.02$0.48$1.29$1.14$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.06$0.33$1.02$1.11$0.09