Overview
What is Shanghai Foreign Investment Develop Board?
The Shanghai Foreign Investment Development Board is a nonprofit organization based in Pasadena, California, specifically located at 70 S Lake Ave Ste 1010. Its primary mission involves arranging welcome events, facilitating interactions between Chinese leaders and local businesspeople and politicians, and promoting opportunities in Shanghai's industry, tourism, food, and trade sectors. They achieve this objective through advertising in magazines and newspapers, organizing seminars, and providing information on Shanghai's city industry, tourism, and trade opportunities. With a small workforce of two individuals, the Shanghai Foreign Investment Development Board serves as a bridge between Shanghai and the international community, fostering cultural exchange and business partnerships.
Is Shanghai Foreign Investment Develop Board legitimate?
Shanghai Foreign Investment Develop Board is a legitimate nonprofit organization registered as a 501(c)(6) entity. Shanghai Foreign Investment Develop Board 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: $90,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,050
For more financial information, click here
What is the mission statement of Shanghai Foreign Investment Develop Board?
The Shanghai Foreign Investment Development Board's mission is focused on promoting various opportunities within the city's industry, tourism, food, and trade sectors. They achieve this by advertising in magazines and newspapers, providing seminars, and holding meetings for the public. The board aims to introduce these opportunities to a wider audience, thereby fostering potential investments and collaborations. Additionally, they organize events, such as welcome banquets, to facilitate exchanges of ideas, experiences, and opportunities between local leaders and international businesspeople and politicians.
Who is the CEO of Shanghai Foreign Investment Develop Board?
Zhenyu Shao is the Director of Shanghai Foreign Investment Develop Board.
What is the revenue of Shanghai Foreign Investment Develop Board?
Shanghai Foreign Investment Develop Board's revenue in 2022 was $368,000.
Who are the executives of Shanghai Foreign Investment Develop Board and what are their salaries?
The average compensation at Shanghai Foreign Investment Develop Board during 2022 was $62,226. There are 2 employees at Shanghai Foreign Investment Develop Board.
Here are 2 key members and their salaries:
- Compensation: $90,403
- Related: $0
- Other: $0
- Compensation: $34,050
- Related: $0
- Other: $0
Where can I find the form 990 for Shanghai Foreign Investment Develop Board?
Shanghai Foreign Investment Develop Board's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shanghai Foreign Investment Develop Board
The Shanghai Foreign Investment Development Board, in its mission, utilizes advertising in magazines and newspapers to promote the city's industry, tourism, food, and trade opportunities. Moreover, it organizes seminars and meetings to provide services to the public, aiming to introduce and facilitate potential investment prospects. In addition, this organization arranges welcome banquets to facilitate interactions between Chinese leaders and Los Angeles businesspeople and politicians, offering a platform for the exchange of ideas, experiences, and opportunities.
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Impact
October, 2024
The Shanghai Foreign Investment Develop Board plays a significant role in facilitating and enhancing foreign investment opportunities in Shanghai. By promoting the city’s industries, tourism, food, and trade prospects through targeted advertising in magazines and newspapers, it raises awareness and interest among potential investors and visitors.
Its organization of seminars and public meetings serves as a platform for information exchange, allowing attendees to gain insights into the local market and potential business opportunities. The board also arranges networking events, such as welcome banquets for Chinese leaders and foreign businesspeople, fostering connections that can lead to fruitful partnerships.
Overall, the board's efforts contribute to community improvement by strengthening economic ties and encouraging investment in Shanghai, ultimately enhancing the city's global profile and attractiveness as a destination for business and trade.
This information is meant to be a general summary of Shanghai Foreign Investment Develop Board. 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.
- Gross Receipts: $368,000
Assets and Liabilities:
- Total Assets: $251,181
- Total Liabilities: $94
- Net Assets: $251,087
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Organization Details
Founding Year
2001
Phone
(626) 566-1754Principal Officer
Zhenyu Shao
Main Address
70 S LAKE AVE STE 1010, PASADENA, CA, 91101
NTEE Category
Code: S41 - Community improvement
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