STRATEGY STUDIO / PUBLIC DATA EXPLORER

AMERICAN CHAMBER OF COMMERCE SAUDI ARABIA: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
AMERICAN CHAMBER OF COMMERCE SAUDI ARABIA (EIN 84-4007397)
Tax period
2022-09-01 to 2023-08-31
Filed
2024-04-04
IRS object ID
202410959349300201
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-04T04:43:16-04:00ReturnTs
Tax Period End2023-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN INTERNATIONAL TAX ADVISERSBusinessNameLine1Txt

Preparer Foreign Address PreparerForeignAddress

FieldValueIRS element (for citing)
Address Line1142 UNIT 2107 SUKHUMVIT ROADAddressLine1Txt
CityKLONG TOEYCityNm
Province Or StateBANGKOKProvinceOrStateNm
CountryTHCountryCd
Foreign Postal10110ForeignPostalCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN844007397EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1American Chamber of Commerce SaudiBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1738 N Wakefield Street STE Apt 1AddressLine1Txt
CityArlingtonCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWilliam Foster CHAIRMANPersonNm
Person TitleMRPersonTitleTxt
Phone6182080251PhoneNum
Signature2023-10-04SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstWilliamPersonFirstNm
Person LastFosterPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS CARDENPreparerPersonNm
PTINP00848760PTIN
Phone9415487499PhoneNum
Preparation2024-04-04PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$974,761GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTO PROVIDE AMERICAN COMPANIES THE ABILITY TO CONNECT, GROW, AND PROSPER IN THE KINGDOM OF SAUDI ARABIA. TO BE THE PRINCIPAL ADVOCATE AND LEADER FOR THE AMERICAN BUSINESS COMMUNITY IN SAUDI ARABIA, PROMOTING TRADE AND INVESTMENT AND STRENGTHENING THE BILATERAL REALTIONSHIPActivityOrMissionDesc
Voting Members Governing Body0VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$616,354PYContributionsGrantsAmt
CY Contributions Grants$455,139CYContributionsGrantsAmt
PY Program Service Revenue$220,129PYProgramServiceRevenueAmt
CY Program Service Revenue$490,542CYProgramServiceRevenueAmt
PY Investment Income$209PYInvestmentIncomeAmt
CY Investment Income$29,080CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$836,692PYTotalRevenueAmt
CY Total Revenue$974,761CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$290,023PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$426,305CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$159,844PYOtherExpensesAmt
CY Other Expenses$447,626CYOtherExpensesAmt
PY Total Expenses$449,867PYTotalExpensesAmt
CY Total Expenses$873,931CYTotalExpensesAmt
PY Revenues Less Expenses$386,825PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$100,830CYRevenuesLessExpensesAmt
Total Assets BOY$440,492TotalAssetsBOYAmt
Total Assets EOY$642,148TotalAssetsEOYAmt
Total Liabilities BOY$303TotalLiabilitiesBOYAmt
Total Liabilities EOY$101,128TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$440,189NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$541,020NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE AMERICAN COMPANIES THE ABILITY TO CONNECT, GROW, AND PROSPER IN THE KINGDOM OF SAUDI ARABIA. TO BE THE PRINCIPAL ADVOCATE AND LEADER FOR THE AMERICAN BUSINESS COMMUNITY IN SAUDI ARABIA, PROMOTING TRADE AND INVESTMENT AND STRENGTHENING THE BILATERAL REALTIONSHIPMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$873,931ExpenseAmt
DescHELPED BILATERAL REALTIONSDesc
Total Program Service Expenses$873,931TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsYes (true)NondeductibleContributionsInd
Nondeductible Contri DisclYes (true)NondeductibleContriDisclInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members0GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyfalseMinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARGHERTIA UNGARPersonNm
Phone6182080251PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1738 N WAKEFIELD STREET APT 1AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22203ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Nomaan Syed
Director of Sector Committees5.000.00Yes (X)$0$0$0
Amro El Fadly
Director of Finance5.000.00Yes (X)$0$0$0
Basel Barakat
Director of Nominations5.000.00Yes (X)$0$0$0
Dr Luisa Javier
Director of Programs and Even5.000.00Yes (X)$0$0$0
Mohamad Tafesh
Jeddah Member at Large5.000.00Yes (X)$0$0$0
Majed Sherbini
EP Member at Large5.000.00Yes (X)$0$0$0
Fouad Khoury
Member at Large5.000.00Yes (X)$0$0$0
TODD ELLEDGE
BOARD OF DIRECTOR TREASURER5.000.00Yes (X)$0$0$0
Tamer Mosalam
BOARD OF DIRECTOR VICE CHAIRM10.000.00Yes (X)$0$0$0
William Foster
BOARD OF DIRECTOR CHAIRMAN10.000.00Yes (X)$0$0$0
Mazen Takhah
Secretary5.000.00Yes (X)$0$0$0
Jean Marc Taton
Director of Membership5.000.00Yes (X)$0$0$0
Forrest Young
Jeddah Chapter President5.000.00Yes (X)$0$0$0
Darrell McGraw
EP Chapter President5.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Membership Dues$455,139MembershipDuesAmt
Total Contributions$455,139TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EVENT REVENUE900099$118,819$118,819
SPONSORSHIP-COMMITTEE900099$371,723$371,723
FieldValueIRS element (for citing)
Total Program Service Revenue$490,542TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,080TotalRevenueColumnAmt
Related Or Exempt Func Income$29,080RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$974,761TotalRevenueColumnAmt
Related Or Exempt Func Income$519,622RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$426,305TotalAmt
Program Services$426,305ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,188TotalAmt
Program Services$2,188ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$437,836TotalAmt
Program Services$437,836ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,602TotalAmt
Program Services$7,602ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$873,931TotalAmt
Program Services$873,931ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$440,492BOYAmt
EOY$642,148EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$440,492BOYAmt
EOY$642,148EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$303BOYAmt
EOY$101,128EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$303BOYAmt
EOY$101,128EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$440,189BOYAmt
EOY$541,020EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$440,189BOYAmt
EOY$541,020EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$440,492BOYAmt
EOY$642,148EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$100,830ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Governing body meeting documentation Part VI line 8aPRIMARY EXEMPT PURPOSE- TO PROVIDE AMERICAN COMPANIES THE ABILITY TO CONNECT, GROW,AND PROPOSER IN THE KINGDOM OF SAUDI ARABIA. TO BE THE PRINCIPAL ADVOCATE AND LEADER FOR THE AMERICAN BUSINESS COMMUNITY IN SAUDI ARABIA, PROMOTING TRADE AND INVESTMENT AND STRENGTHENING THE BILATERAL RELATIONSHIP BETWEEN THE TWO NATIONS.
Committee meeting documentation Part VI line 8bATTACHING
Form 990 governing body review Part VI line 11NO REVIEW WAS CONDUCTED
Form 990 availability to public Part VI line 18UPON REQUEST
Governing documents etc available to public Part VI line 19AS PER REQUEST
Other or change in accounting method Part XII line 1NOT AVAILABLE FOR PUBLIC
List of other fees for services expenses Part IX line 11gADMINISTRATION 510.00EVENT EXPENSES 325832.00GIFTS 936.38COLLECTION FEE EXPENSES 13956.00PERSONNEL TRAVEL EXPENSES 2531.00