Overview
What is German American Chamber Of Commerce Inc?
The German American Chamber of Commerce Inc, established in 1947, is a nonprofit organization situated in New York, specifically at 80 Pine Street, 24th Floor. Their primary mission is to strengthen and boost economic relations between the Federal Republic of Germany and the United States. They achieve this by offering a variety of services, such as market studies, business partner arrangements, and office representation. Their consulting services are tailored to meet each client's unique needs, aiming to provide the best business partner referrals and commercial trade show preparations. Additionally, they coordinate incentive programs to facilitate companies exporting to the U.S. and support companies in their search for bilingual employees. Based in California, the organization also supports trendsetting industries such as information technology, biotechnology, renewable energies, semi-conductors, and nanotechnology. With a workforce of 51, the German American Chamber of Commerce Inc plays a significant role in fostering economic ties between Germany and the U.S.
Official website here: www.gaacny.com
Is German American Chamber Of Commerce Inc legitimate?
German American Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. German American Chamber Of Commerce Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,093,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,505,407
For more financial information, click here
Official website here: www.gaacny.com
What is the mission statement of German American Chamber Of Commerce Inc?
The German American Chamber of Commerce Inc, established in 1947, serves to strengthen and enhance economic relationships between the United States and Germany. Located in various regions, including the Northeastern and Western states, the organization offers a wide array of services. The California branch, in particular, supports innovative sectors such as information technology, biotechnology, renewable energies, semiconductors, and nanotechnology, by being strategically situated near Silicon Valley. The German American Chamber of Commerce's primary mission is to foster economic ties between the two nations, promoting trade and investment opportunities.
Official website here: www.gaacny.com
Who is the CEO of German American Chamber Of Commerce Inc?
Dietmar Rieg is the President And Ceo of German American Chamber Of Commerce Inc. The CEO's salary of German American Chamber Of Commerce Inc is $434,443 and their total compensation is $671,396.
Official website here: www.gaacny.com
What is the revenue of German American Chamber Of Commerce Inc?
German American Chamber Of Commerce Inc's revenue in 2022 was $7,301,963.
Official website here: www.gaacny.com
Who are the executives of German American Chamber Of Commerce Inc and what are their salaries?
The average compensation at German American Chamber Of Commerce Inc during 2022 was $70,560. There are 51 employees and 44 volunteers at German American Chamber Of Commerce Inc.
Here are 51 key members and their salaries (German American Chamber Of Commerce Inc's CEO's salary is $434,443 and their total compensation is $671,396):
- Compensation: $434,443
- Related: $82,751
- Other: $154,202
- Compensation: $205,408
- Related: $0
- Other: $76,924
- Compensation: $164,728
- Related: $0
- Other: $47,720
- Compensation: $138,383
- Related: $28,344
- Other: $69,769
- Compensation: $138,597
- Related: $15,400
- Other: $37,193
- Compensation: $150,189
- Related: $0
- Other: $94,790
- Compensation: $144,418
- Related: $0
- Other: $55,808
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Official website here: www.gaacny.com
Where can I find the form 990 for German American Chamber Of Commerce Inc?
German American Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gaacny.com
Learn more at the official website: www.gaacny.com
Mission Statement of German American Chamber Of Commerce Inc
The German American Chamber of Commerce, Inc. (GACC) is an organization that plays a crucial role in fostering economic ties between Germany and the United States of America. Established in 1947, the GACC has expanded its reach to include branch offices in Philadelphia and California. The organization's mission is to support, promote, and maximize trade and investment relationships between these two nations.
In the United States, the California branch, in particular, benefits from its proximity to Silicon Valley. This strategic location allows the GACC to focus on supporting trendsetting industry sectors such as information technology, biotechnology, renewable energies, semiconductors, and nanotechnology. By offering a wide range of services to the northeastern and western states, the GACC helps to strengthen the economic bond between Germany and the United States.
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Impact
October, 2024
The German American Chamber of Commerce Inc. plays a significant role in fostering and strengthening trade and investment relationships between Germany and the United States. Its impact is evident through a comprehensive array of services designed to meet the specific needs of businesses looking to establish or expand their presence in the U.S. market.
By offering detailed market studies and customized consulting services, the Chamber helps businesses understand and navigate the complexities of entering the U.S. market. This tailored approach ensures that companies receive the most relevant business partner referrals and strategies for commercial trade show preparations, ultimately enhancing their chances for success.
Additionally, the Chamber actively supports companies in exporting to the U.S. by coordinating incentive programs that make this process more accessible. It also addresses workforce needs by assisting businesses in their search for qualified bilingual employees, further facilitating successful integration into the American market.
With branch offices in key locations such as Philadelphia and California, the Chamber leverages proximity to innovation hubs like Silicon Valley to assist sectors that are rapidly evolving, including information technology, biotechnology, renewable energies, semi-conductors, and nanotechnology.
In essence, the German American Chamber of Commerce Inc. significantly contributes to economic growth by bridging cultural and business practices, creating valuable connections, and enabling sustainable development between Germany and the U.S.
This information is meant to be a general summary of German American Chamber Of Commerce Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $200
- Program Service Revenue: $4,373,733
- Gross Receipts: $7,466,864
Assets and Liabilities:
- Total Assets: $4,887,127
- Total Liabilities: $3,158,815
- Net Assets: $1,728,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$1,284,136
ADMINISTRATIVE SERVICES
Revenue
$867,975
LEGAL SERVICE
Revenue
$776,168
CAREER SERVICES
Revenue
$737,853
MEMBERSHIP SERVICES
Revenue
$470,950
Organization Details
Founding Year
1947
Phone
(212) 974-8847Principal Officer
Dietmar Rieg
Main Address
80 PINE STREET 24TH FLOOR, NEW YORK, NY, 10005
Website
www.gaacny.comNTEE Category
Code: S41 - Community improvement
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