Foreign Trade Association

Redondo Beach, CA · Business league / trade association

! Not tax-deductible
Revenue
$61K
-24% vs prior year
Spent
$76K
To programs
48%
Net assets
$134K
By yearFY2020–FY2024
Revenue
$61K
FY2024▼ -24%
Revenue by fiscal year
FY2020$123K
FY2021$128K
FY2022$101K
FY2023$81K
FY2024$61K
Expenses
$76K
FY2024▲ +49%
Expenses by fiscal year
FY2020$85K
FY2021$102K
FY2022$133K
FY2023$51K
FY2024$76K
Net assets
$134K
FY2024▼ -10%
Net assets by fiscal year
FY2020$132K
FY2021$144K
FY2022$116K
FY2023$148K
FY2024$134K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CForeign Trade Association
EINHdr · item D95-0743100
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFApr 1945
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRedondo Beach, CA
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.52
Program services48%$36K
Management & general52%$40K
Total functional expensesLn 25$76K

Financial health

Is it on solid ground?

Operating surplus
-25%
revenue over expenses▼ -167% vs prior filing year
Earned revenue
44%
of revenue from program services & dues▲ +21% vs prior filing year
Program spending
48%
of expenses reach member services▲ +139% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$136K
FY2024▼ -8%
Total assets by fiscal year
FY2020$132K
FY2021$144K
FY2022$122K
FY2023$149K
FY2024$136K
Total liabilities
$2K
FY2024▲ +709%
Total liabilities by fiscal year
FY2020$25
FY2021$25
FY2022$6K
FY2023$260
FY2024$2K
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$136K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$136K
Total liabilitiesLn 26$2K
Total net assetsLn 32$134K
Months of cash on handcomputed5.4

Statement of Revenue

Part VIII
Program service revenue$27K · 44%
Contributions & grants$26K · 43%
Investment income$8K · 13%
Program service revenue44%$27K
Contributions & grants43%$26K
Investment income13%$8K
Other revenue$133
Total revenueLn 12$61K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $136K · Operating expenses/yr $76K
21.5 months
Where the money goes
Program services
Program services $36K · Total expenses $76K
48%
Management & General
Management & general $40K · Total expenses $76K
52%
Fundraising
Fundraising $0 · Total expenses $76K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $37K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $61K
43%
Government reliance
Government grants — · Total revenue $61K
—
Earned-income share
Program service revenue $27K · Total revenue $61K
44%
Investment reliance
Investment income $8K · Total revenue $61K
+13%
Program self-sufficiency
Program service revenue $27K · Total expenses $76K
35%
Growth & trend
Revenue growth (YoY)
This year $61K · Prior year $81K
-24%
Revenue CAGR
FY2020 $123K · FY2024 $61K
-16%
Net-asset trend (YoY)
End of year $134K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $61K · Expenses $76K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $136K
—
Net-asset ratio
Net assets $134K · Total assets $136K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $102K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $136K
75%
People & payroll
Highest Reported Total Compensation
Individual Nicole Wainwright · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $76K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $76K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%——
Overhead ratio 52%——
Fundraising cost ratio 0%——
Revenue growth -24%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Foreign Trade Association executive salaries →

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Governance & Policies

Part VI
  • 14Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates on trade law, rulings, and regulations through events, classes, and webinars.

Provided by the organization

This section is blank until Foreign Trade Association claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $36K of program spending, described in the organization's own filed words · FY2024.
01

To promote, foster, and encourage international commerce and economic growth in southern california and worldwide. To educate, stimulate interest in international trade and business. To conduct educational courses, seminars, webinars, to cooperate with members in matters of international trade, and to publish and outsource, since 2013…

$36Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $61K$76K-24% 990 PDF
FY2023 $81K$51K-20% 990 PDF
FY2022 $101K$133K-21% 990 PDF
FY2021 $128K$102K+4% 990 PDF
FY2020 $123K$85K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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