Overview
What is Us-Asean Business Council Institute Inc?
The US-ASEAN Business Council Institute Inc is a nonprofit organization situated in Washington, D.C. Their primary objective is to enrich the engagement opportunities for U.S. companies in the Association of Southeast Asian Nations (ASEAN) by offering various educational activities and capacity building programs. They have been providing educational scholarships, humanitarian efforts, and community engagement in ASEAN countries, aiming to amplify the impact of U.S. companies' dedication to the region. In 2022, they conducted 57 training sessions across 10 ASEAN countries, maintained an online portal for interactive training, and reached 2,300 active users and 16,000 visitors on the SME Academy. As of 2022, they have trained over 20,000 small and medium-sized enterprises (SMEs) in these countries through their Academy.
Official website here: www.usasean.org/usabci
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Us-Asean Business Council Institute Inc. has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. Its overall score of 70% reflects a reasonable level of accountability and financial management; however, the organization has specific shortcomings that need to be addressed, particularly in governance practices.
Strengths of the institute include a high program expense ratio of 93.46%, demonstrating a commitment to utilizing funds for its programs rather than administrative expenses. Additionally, the organization boasts a majority of independent board members and has strong oversight in its financial statements, which contributes positively to its accountability.
On the other hand, the institute faces significant gaps in its governance policies, including the absence of a whistleblower policy and a document retention policy, alongside missing tax form postings on its website. These issues raise concerns about the transparency and overall governance of the organization, which could hinder its ability to build trust with its stakeholders and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Us-Asean Business Council Institute Inc legitimate?
Us-Asean Business Council Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us-Asean Business Council Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,884
For more financial information, click here
Official website here: www.usasean.org/usabci
What is the mission statement of Us-Asean Business Council Institute Inc?
The mission of the Us-Asean Business Council Institute Inc is to enrich the opportunities for stronger and deeper engagement by U.S. companies in the ASEAN region. This is achieved through a variety of educational activities and capacity building programs. The institute provides educational scholarships, humanitarian efforts, and community engagement across ASEAN. It amplifies the impact of U.S. companies' contributions to the region and supports live and online training programs for small and medium-sized enterprises (SMEs) to build their capacity and resilience in the emerging global digital economy. In 2022, the institute conducted 57 training sessions in various ASEAN countries and had 2,300 active users and 16,000 visitors on its SME Academy online portal. As of 2022, over 20,000 SMEs have been trained in the 10 ASEAN countries.
Official website here: www.usasean.org/usabci
Who is the CEO of Us-Asean Business Council Institute Inc?
Elizabeth Dugan is the President of Us-Asean Business Council Institute Inc.
Official website here: www.usasean.org/usabci
What is the revenue of Us-Asean Business Council Institute Inc?
Us-Asean Business Council Institute Inc's revenue in 2022 was $850,222.
Official website here: www.usasean.org/usabci
Who are the executives of Us-Asean Business Council Institute Inc and what are their salaries?
There 2 volunteers at Us-Asean Business Council Institute Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $192,923
- Other: $21,951
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $162,430
- Other: $34,894
Official website here: www.usasean.org/usabci
Where can I find the form 990 for Us-Asean Business Council Institute Inc?
Us-Asean Business Council Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usasean.org/usabci
Learn more at the official website: www.usasean.org/usabci
Mission Statement of Us-Asean Business Council Institute Inc
Us-Asean Business Council Institute Inc's mission is centered around enhancing the possibilities for enhanced and deeper engagement of U.S. companies within the ASEAN region. The institute accomplishes this goal through a variety of educational activities and capacity building initiatives. By doing so, they aim to amplify the impact and dedication of U.S. companies in the region.
The institute's efforts are multifaceted, encompassing educational scholarships, capacity building programs, humanitarian efforts, and community engagement across ASEAN. Through these initiatives, the institute works to fortify the position of U.S. companies in the region's emerging digital economy. In 2022, they achieved significant strides, conducting 57 training sessions in various ASEAN countries and maintaining an online portal for interactive training via their re-launched SME Academy. This academy, designed for small and medium-sized enterprises (SMEs), aimed to improve their capacity and resilience in the competitive ASEAN digital economy. By the end of 2022, the academy had 2,300 active users and 16,000 visitors, and a total of 20,000 SMEs had been trained across the 10 ASEAN countries.
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Impact
August, 2024
The Us-Asean Business Council Institute Inc's impact is evident in its efforts to enhance opportunities for U.S. companies to engage more effectively in the ASEAN region. Through a range of educational activities and capacity building initiatives, the institute has facilitated the provision of educational scholarships, supported humanitarian efforts, and engaged with communities across ASEAN countries. By amplifying the impact of U.S. companies' contributions and dedication to the region, the institute has played a crucial role in promoting economic development and strengthening partnerships in ASEAN.
Specifically, the institute's support for live and online training programs, such as the re-launched SME Academy for small and medium-sized enterprises, has enabled SMEs to build their capacity and resilience to compete successfully in ASEAN's emerging global digital economy. In 2022 alone, the institute conducted 57 training sessions in various ASEAN countries and maintained the multi-lingual SME Academy online portal, which saw significant engagement with 2,300 active users and 16,000 visitors. Notably, as of 2022, the institute has successfully trained 20,000 SMEs in the 10 ASEAN countries, further contributing to the region's economic growth and fostering closer business ties between the U.S. and ASEAN.
This information is meant to be a general summary of Us-Asean Business Council Institute 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: $5,222
- Gross Receipts: $850,222
Assets and Liabilities:
- Total Assets: $812,210
- Total Liabilities: $526,383
- Net Assets: $285,827
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Organization Details
Founding Year
1984
Phone
(202) 289-1911Principal Officer
Elizabeth Dugan
Main Address
1101 17TH STREET NW, WASHINGTON, DC, 20036
Website
www.usasean.org/usabciNTEE Category
Code: Q20 - International
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