Overview
What is Busacc?
Busacc, operating under the name The Bilateral Chamber, is a nonprofit organization situated in Houston, Texas. Their primary objective is to foster economic development and boost exports for U.S. companies on a global scale. They achieve this by organizing trade conferences and conducting inbound and outbound trade missions. Busacc acts as an official contractor for the U.S. Trade and Development Agency (USTDA), leading inbound trade missions from various parts of the world into the United States. This initiative aims to promote U.S. exports in regions of interest to the U.S. Additionally, Busacc's trade missions encourage inbound investments into the U.S. and support U.S. exports across multiple sectors, including infrastructure development, transportation, communications, petroleum industries, renewable energy, travel and tourism, health services, and various others. The organization is staffed by a team of 9 dedicated individuals.
Official website here: www.bilateralchamber.org
Is Busacc legitimate?
Busacc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Busacc 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: $341,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,909
For more financial information, click here
Official website here: www.bilateralchamber.org
What is the mission statement of Busacc?
Busacc, operating under the name The Bilateral Chamber, is dedicated to boosting U.S. exports to various international trading partners. They accomplish this through advocacy and educational programs, acting as an official contractor for the U.S. Trade and Development Agency (USTDA). As a bilateral chamber, Busacc organizes trade conferences and oversees both inbound and outbound trade missions to foster economic development and exports for U.S. companies worldwide. Busacc, in partnership with USTDA, leads inbound trade missions from various parts of the globe to promote U.S. exports in regions of interest to the United States. These missions also encourage inbound investments into the U.S. and boost exports in various sectors, including infrastructure development, transportation, communications, petroleum industries, renewable energy, travel, tourism, health services, and numerous others.
Official website here: www.bilateralchamber.org
Who is the CEO of Busacc?
Aida Araissi is the President of Busacc.
Official website here: www.bilateralchamber.org
What is the revenue of Busacc?
Busacc's revenue in 2022 was $1,214,938.
Official website here: www.bilateralchamber.org
Who are the executives of Busacc and what are their salaries?
The average compensation at Busacc during 2022 was $67,500. There are 9 employees at Busacc.
Here are 5 key members and their salaries:
- Compensation: $301,755
- Related: $0
- Other: $15,461
- Compensation: $39,838
- Related: $0
- Other: $1,200
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bilateralchamber.org
Where can I find the form 990 for Busacc?
Busacc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bilateralchamber.org
Learn more at the official website: www.bilateralchamber.org
Mission Statement of Busacc
Busacc, also known as The Bilateral Chamber, is an organization with a mission to boost U.S. exports to various international trading partners worldwide. They accomplish this mission through advocacy and educational programs, acting as an official contractor for the U.S. Trade and Development Agency (USTDA). Operating on a global scale, Busacc organizes trade conferences and leads both inbound and outbound trade missions to stimulate economic development and exports for U.S. companies globally. By serving as an USTDA contractor, Busacc leads inbound trade missions from various regions around the world to promote U.S. exports in sectors of interest, such as infrastructure development, transportation, communications, petroleum industries, renewable energy, travel and tourism, health services, and many others. The organization's trade missions also contribute to inbound investments into the U.S. and foster U.S. exports across multiple sectors.
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Impact
October, 2024
Busacc plays a vital role in promoting economic development and enhancing international trade. By organizing trade conferences and facilitating inbound and outbound trade missions, it effectively bridges U.S. companies with global markets. This not only boosts U.S. exports but also attracts significant foreign investment into the United States.
As an official contractor for the U.S. Trade and Development Agency (USTDA), Busacc leads initiatives that target regions of economic interest to the U.S. These missions cover multiple sectors, including infrastructure development, communications, and renewable energy, fostering a diverse array of opportunities for American businesses abroad.
Through its strategic efforts, Busacc amplifies business and education advocacy programs, thereby strengthening the position of U.S. enterprises in the global marketplace. The organization’s commitment to enhancing bilateral trade relationships helps create a more connected and economically robust environment for communities in the U.S. and partner countries alike.
This information is meant to be a general summary of Busacc. 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: $6,000
- Program Service Revenue: $638,610
- Gross Receipts: $1,214,938
Assets and Liabilities:
- Total Assets: $898,278
- Total Liabilities: $46,662
- Net Assets: $851,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRADE SHOWS & MISSIONS
Revenue
$442,976
CONFERENCE & SEMINARS
Revenue
$48,244
CERTIFICATION SERVICES
Revenue
$147,390
Organization Details
Founding Year
2004
Phone
(713) 880-8168Principal Officer
Aida Araissi
Main Address
PO Box 571870, Houston, TX, 77257
Website
www.bilateralchamber.orgNTEE Category
Code: S41 - Community improvement
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