National Foreign Trade Council Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 135266965 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is National Foreign Trade Council Inc?

National Foreign Trade Council Inc, established in 1914, is a prominent nonprofit organization with a primary focus on advocating for open international trade and investment policies. Based in Washington D.C., the council represents approximately 100 U.S. manufacturing corporations, financial institutions, and other businesses with substantial international operations. The council's mission is to enhance its members' competitive positions in the global marketplace by actively supporting policies that expand exports, protect U.S. foreign investment, and promote an open and equitable international trade system. The council functions through various committees and working groups, engaging in international trade, tax, supply chain, and national security policies. Through information services, the council keeps its members informed about critical developments affecting U.S. international business and its positions on legislative issues. The council also contributes to removing barriers that hinder the expansion of international trade.


Official website here: www.nftc.org

Is National Foreign Trade Council Inc legitimate?

National Foreign Trade Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Foreign Trade Council 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: $1,292,289

For more financial information, click here


Official website here: www.nftc.org

What is the mission statement of National Foreign Trade Council Inc?

The National Foreign Trade Council Inc, established in 1914, has been a prominent advocate for open international trade and investment policies that support multilateral institutions like the World Trade Organization. The organization, based in Washington D.C., represents approximately 100 U.S. manufacturing corporations, financial institutions, and other U.S. firms with substantial international operations. Its primary objective is to advocate for public policies that enhance the competitive positions of its members in the global marketplace. The Council actively supports policies to expand exports, protect U.S. foreign investment, enhance the competitiveness and profitability of U.S. industry, and promote and maintain an open and equitable international trade system. It focuses on removing barriers at home and abroad that hinder the expansion of international operations.


Official website here: www.nftc.org

Who is the CEO of National Foreign Trade Council Inc?

Jake Colvin is the President of National Foreign Trade Council Inc.


Official website here: www.nftc.org

What is the revenue of National Foreign Trade Council Inc?

National Foreign Trade Council Inc's revenue in 2022 was $3,222,300.


Official website here: www.nftc.org

Who are the executives of National Foreign Trade Council Inc and what are their salaries?

The average compensation at National Foreign Trade Council Inc during 2022 was $99,407. There are 13 employees at National Foreign Trade Council Inc.


Here are 63 key members and their salaries:


Jake Colvin (President)
  • Compensation: $243,756
  • Related: $0
  • Other: $15,848
Richard Sawaya (Vp)
  • Compensation: $148,944
  • Related: $0
  • Other: $10,112
Rufus Yerxa (Past Preside)
  • Compensation: $210,141
  • Related: $0
  • Other: $15,211
Veronica Berkshire (Sr Director)
  • Compensation: $107,681
  • Related: $0
  • Other: $10,380
Marshall Lane (Secretary/Tr)
  • Compensation: $135,600
  • Related: $0
  • Other: $21,466
Benjamin Wastler (Sr Directo O)
  • Compensation: $111,631
  • Related: $0
  • Other: $23,056
Susan Schwab (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abb Incorporated (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Applied Material (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caterpillar Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chevron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denton Us Llp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dhl North America (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ebay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernst & Young Llp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Exxonmobil Corp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fluor Corp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ford Motor Co (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
General Electric (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Google Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Halliburton Co (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hanesbrands Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Qualcomm Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hewlett-Packard Co (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kpmg Llp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mars Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Microsoft Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oracle Corp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Coca Cola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pernod Ricard Usa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pfizer Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pricewaterhouse Coopers Llp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Procter & Gamble Co (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Siemens Corp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Te Connectivity (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Visa Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wal-Mart Stores Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Toyota (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ups (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mccormick Company Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cisco Systems Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amazon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amgen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corning Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ibm Corp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnson Controls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mondelez International Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pitney Bowes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Federal Express (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
American International Group (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anheuser-Busch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bp America Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mastercard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samsung Electronics (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Texas Instruments (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Total (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilead Sciences Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hp Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raytheon Technologies (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Schneider Electric (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Siemens Energy Inc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stellantis Nv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nftc.org

Where can I find the form 990 for National Foreign Trade Council Inc?

National Foreign Trade Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nftc.org

Learn more at the official website: www.nftc.org

Mission Statement of National Foreign Trade Council Inc

The National Foreign Trade Council, established in 1914, has been a prominent advocate for the private sector, advocating for open international trade and investment policies that support multilateral institutions such as the World Trade Organization. With an office in Washington, D.C., the Council's membership comprises approximately 100 U.S. manufacturing corporations, financial institutions, and other U.S. firms with substantial international operations. The Council's primary objective is to advocate for public policies that enhance the competitive positions of its members in the global marketplace. To achieve this, the Council actively supports policies that expand exports, protect U.S. foreign investment, and promote an open and equitable international trade system. The Council focuses on the removal of barriers, both at home and abroad, that impede the expansion of international trade, working diligently to enhance the competitiveness and profitability of U.S. industry.

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Impact




October, 2024

The National Foreign Trade Council Inc. (NFTC) plays a crucial role in shaping U.S. international trade and investment policies, advocating for an open and equitable global trade system. Established in 1914, the NFTC has emerged as a leading voice for the private sector, representing around 100 U.S. manufacturing corporations and financial institutions engaged in substantial international operations.

By focusing on the removal of barriers to trade and investment, the NFTC actively works to improve the competitive positions of its members in the global marketplace. The council emphasizes the importance of expanding exports and protecting U.S. foreign investment, which are vital for enhancing the competitiveness and profitability of U.S. industry.

The NFTC provides a range of services that empower its members, including participation in specialized committees and working groups. These committees develop positions on essential trade, tax, and investment issues while coordinating advocacy efforts to reflect the interests and concerns of the membership base. Additionally, the NFTC keeps members informed about crucial developments impacting international business through email updates and comprehensive newsletters, ensuring they remain vigilant and responsive to legislative changes and global market dynamics.

Through its work, the NFTC not only supports its members but also contributes to the larger goal of fostering a stable and favorable international trade environment, benefiting the broader economy and community at large.




This information is meant to be a general summary of National Foreign Trade Council 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.

Revenue
$3,222,300 (2022)
Expenses
$2,286,239 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$15,128
  • Program Service Revenue: $2,823,828
  • Gross Receipts: $3,237,804

Assets and Liabilities:

  • Total Assets: $2,983,766
  • Total Liabilities: $8,826
  • Net Assets: $2,974,940

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES - CURRENT YEA

Revenue

$2,021,500

MEMBERSHIP DUES - PRIOR YEAR

Revenue

$442,078

SUPPLY CHAIN PROJECT INCOME

Revenue

$130,000

MEMBERSHIP DUES - FUTURE YEAR

Revenue

$90,000

USA ENGAGE DUES

Revenue

$65,000

Organization Details

Founding Year

1937

Principal Officer

Jake Colvin

Main Address

1225 NEW YORK AVE NW SUITE 650B, WASHINGTON, DC, 20005

NTEE Category

Code: S41 - Community improvement

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