Busacc FY2020 filing

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See attached schedule o

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0099085) · Dispute this line
46¢ of each $1 spent went to programs.
$394K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $82K a year · 6% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
46% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$394K
to officers and key staff · 50% of spending
Pay to officers and key staff is 50% of spending.
Part VII, Section A
15.9 mo
of spending, in cash
15.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
3
of 5 voting members
3 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$806K
Spent
$794K
To programs
46%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$806K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$806K
FY2021$679K
FY2022$1.2M
FY2023$1.5M
FY2024$2.8M
Expenses
$794K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$794K
FY2021$890K
FY2022$1.2M
FY2023$1.5M
FY2024$2.2M
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$833K
FY2022$852K
FY2023$943K
FY2024$1.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $366K Management & general 35% · $278K Fundraising 19% · $151K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $394K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$288,970Pt VII · Sec A
Vice President
$37,500Pt VII · Sec A
Vice President
$35,654Pt VII · Sec A
Chairman of the Board
$31,813Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Aida Araissi$291,959$309,946$301,755$280,922$288,970
David L Phillips$49,463$60,455$39,838$43,966$31,813
Vranae Pavlich————$37,500
Eliza Chon————$35,654

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Busacc executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Busacc is a business league or trade association based in Houston, TX.

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3 programs · $366K · in their own filed words · FY2020
01

As a bilateral chamber, busacc organizes trade conferences as well as inbound and outbound trade missions to promote economic development and exports for U.S. Companies globally. Busacc serves as an official contractor for the ustda to lead the inbound trade missions from all parts of the world into the united states to promote U.S.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0099085) · Dispute this line
$348Kprogram expense
02

Busacc organizes conferences, programs, & seminars through its small business workshop series, ambassador series, and leadership series for members to discuss trade, industry, & commerce with business and government leaders from the U.S. And mena region.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0099085) · Dispute this line
$18Kprogram expense
03

Busacc advocates trade relations between the U.S. And mena regions through a variety of export assistance programs. The programs provide expertise on emerging markets and their trade policies. Busacc is recognized by embassies globally to certify documents pertaining to trade and export of goods from the U.S. To the mena region.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 32-0099085) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$806K
Ln 12
Fees for servicesLn 2g$415K
Gifts and grantsLn 1h$391K
Other incomeLn 4–11$105
Money outPt IX
$794K
Ln 25
Programscol B$366K
Managementcol C$278K
Fundraisingcol D$151K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.1M
LiabilitiesLn 26$39K
PeoplePt VI, VII
7
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$391K
Fees for servicesLn 2g$415K
Other incomeLn 4–11$105
Gains on assetsLn 7$0
Total revenueLn 12$806K
Assets in detailPt X, end of year
CashLn 1$923K
SavingsLn 2$127K
Cash and savings togetherLn 1–2$1.0M
Prepaid expenses and deferred chargesLn 9$9K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$9K
Total assetsLn 16$1.1M
LiabilitiesLn 26$39K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 59
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$912K$1.0M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$16K$5K
Total assetsLn 16$946K$1.1M
LiabilitiesLn 26$32K$39K
Net assetsLn 32$914K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$411K$206K$103K$103K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$126K$63K$31K$31K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$54K$54K
Payroll taxesLn 10$34K$17K$8K$8K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$23K$23K
TravelLn 17$4K$1K$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$931$931
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$84K$79K$5K
All other expensesLn 24e$37K$30K$7K
Total functional expensesLn 25$794K$366K$278K$151K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $2.8M$2.2M$612K$1.1M 990 PDF
FY2023Filed with the IRS Jan 27, 2025 $1.5M$1.5M−$22K$943K 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $1.2M$1.2M$19K$852K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $679K$890K−$210K$833K 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $806K$794K$12K$1.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $805,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $730,785$391,090
I-9 Program service revenuePrior year $1,681,208$414,773
I-10 Investment incomePrior year $182$0
I-11 Other revenuePrior year $0$105
I-12 Total revenuePrior year $2,412,175$805,968
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $994,646$629,900
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,208,468$164,241
I-18 Total expensesPrior year $2,203,114$794,141
I-19 Revenue less expensesPrior year $209,061$11,827
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $805,968 across 10 lines filed
VIII-1b Membership dues$391,090
VIII-1h Total contributions, gifts and grants$391,090
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $414,773$414,773
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $105$105
VIII-12 Total revenueRelated to mission $414,878$805,968
Part IX · Statement of functional expenses $794,141 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $205,644 · Management $102,823 · Fundraising $102,823$411,290
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $62,917 · Management $31,458 · Fundraising $31,458$125,833
IX-8 Pension plan contributionsManagement $5,310$5,310
IX-9 Other employee benefitsManagement $53,943$53,943
IX-10 Payroll taxesPrograms $16,762 · Management $8,381 · Fundraising $8,381$33,524
IX-11a Management fees$0
IX-11b Legal feesManagement $2,500$2,500
IX-11c Accounting feesManagement $6,925$6,925
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $6,284$6,284
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $22,765$22,765
IX-17 TravelPrograms $1,268 · Management $1,268 · Fundraising $1,268$3,804
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $931$931
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $79,003 · Management $5,478$84,481
IX-24e All other expensesManagement $29,932 · Fundraising $6,619$36,551
IX-25 Total functional expensesPrograms $365,594 · Management $277,998 · Fundraising $150,549$794,141
Part X · Balance sheet $1,072,792 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $785,004$922,531
X-2 Savings and temporary cash investmentsStart of year $126,584$126,584
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $9,390$9,390
X-10c Land, buildings and equipment, netStart of year $15,945$5,382
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $8,905$8,905
X-16 Total assetsStart of year $945,828$1,072,792
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $32,124$39,428
X-26 Total liabilitiesStart of year $32,124$39,428
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $913,704$1,033,364
X-32 Total net assets or fund balancesStart of year $913,704$1,033,364
X-33 Total liabilities and net assetsStart of year $945,828$1,072,792
Part XI · Reconciliation of net assets $1,033,364 net assets at year end
XI-1 Total revenue$805,968
XI-2 Total expenses$794,141
XI-3 Revenue less expenses$11,827
XI-4 Net assets at start of year$913,704
XI-8 Prior period adjustments$107,833
XI-10 Net assets at end of year$1,033,364

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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