2024-04-12T19:16:45-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2023-01-01 521532143 REPRESENTATIVE OF GERMAN INDUSTRY & TRADE REPR 2026594777 1130 CONNECTICUT AVENUE NW 1200 WASHINGTON DC 20036 DR CHRISTOPH SCHEMIONEK DIRECTOR, PRESIDENT AND CEO 2026594777 2024-04-10 1 DR CHRISTOPH SCHEMIONEK 999009999 0 FRANK H SMITH P00639053 2022274000 2024-04-10 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z DR CHRISTOPH SCHEMIONEK 1130 CONNECTICUT AVENUE NW 1200 WASHINGTON DC 20036 440277 0 X WWW.RGIT-USA.COM X 1988 DC TO IMPROVE BUSINESS CONDITIONS BETWEEN THE UNITED STATES AND GERMANY. 3 2 8 2 0 0 0 0 521408 430720 0 0 114498 9557 635906 440277 0 0 0 0 404265 376268 0 0 0 425006 515674 829271 891942 -193365 -451665 1478551 658767 715328 347209 763223 311558 X TO IMPROVE BUSINESS CONDITIONS BETWEEN THE UNITED STATES AND GERMANY. 0 0 ADVOCACY FOR GERMAN COMPANIES IN WASHINGTON, DC - REPRESENTATIVE OF GERMAN INDUSTRY & TRADE (RGIT) REPRESENTS THE INTERESTS OF GERMAN BUSINESS, IN PARTICULAR THE MEMBERS OF DIHK AND BDI, BEFORE THE U.S. ADMINISTRATION, AND CONGRESS. RGIT IS OFFERING BUSINESS SERVICES SUCH AS COORDINATION AND PRODUCTION OF STATEMENTS, RESEARCHING INFORMATION, AND MONITORING BUSINESS INFORMATION ABOUT THE UNITED STATES. RGIT REGULARLY ORGANIZES EVENTS TO FOSTER THE TRANSATLANTIC EXCHANGE OF INFORMATION AND TO IMPROVE BILATERAL TRADE AND INVESTMENT RELATIONS.THESE EVENTS INCLUDE 1) EVENTS HIGHLIGHTING DIVERSE TRADE AND INVESTMENT ISSUES WITH EXPERTS IN TRANSATLANTIC TRADE AND ECONOMIC POLICY, 2) BRIEFINGS FOR SPECIAL GUESTS 3) ROUND TABLE DISCUSSIONS AS PART OF THE GERMAN-AMERICAN RELATIONS WITH POLITICAL AND INDUSTRY VISITORS FROM GERMANY 4) EVENTS EXPLAIN THE SITUATION OF GERMAN COMPANIES IN THE UNITED STATES, OCCASIONALLY IN COOPERATION WITH THE GERMAN-AMERICAN CHAMBER OF COMMERCE, 5) RGIT IS CONSIDERED A MEETING POINT FOR ADMINISTRATION, INDUSTRY, SCIENCE, POLITICAL INSTITUTIONS AND EXPERTS REGARDING TRANSATLANTIC ECONOMIC ISSUES. PUBLICATIONS - OUR PUBLICATIONS "WASHINGTON NEWS" REPORT ON CURRENT POLITICAL, ECONOMIC, AND LEGISLATIVE DEVELOPMENTS IN THE UNITED STATES THAT ARE NOT OR RARELY COVERED IN OTHER MEDIA INFORMATION SERVICES BUT ARE RELEVANT FOR THE TRANSATLANTIC ECONOMY TO IMPROVE BILATERAL AND INVESTMENT RELATIONS. WE PROVIDE THE MEMBERS OF THE GERMAN-AMERICAN CHAMBERS OF COMMERCE AND OUR PARTNERS IN THE UNITED STATES WITH INFORMATION ABOUT THE GERMAN-AMERICAN ECONOMIC RELATIONS, FOR EXAMPLE REGIONAL DEVELOPMENTS, RELEVANT TO BOTH COUNTRIES AS WELL AS ABOUT ECONOMIC AND TRADE RELATIONS BETWEEN THE UNITED STATES AND GERMANY. RGIT'S WEBSITE WWW.GERMANBUSINESSUSA.COM PROVIDES AN OVERVIEW OF THE POSITIVE CONTRIBUTIONS OF GERMAN-OWNED AFFILIATES TO THE US ECONOMY. IT SHOWS THE NUMBER OF JOBS CREATED IN EACH STATE AS WELL AS THE TRADE RELATIONS BETWEEN GERMANY AND EACH STATE BY SECTOR. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 8 1 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 X DR CHRISTOPH SCHEMIONEK 2026594777 1130 CONNECTICUT AVENUE NW 1200 WASHINGTON DC 20036 JAY MORGAN SECRETARY 40.00 X 92467 0 14574 SILKE ROBERTS-SCHUMACHER TREASURER 32.00 X 34615 0 7229 DR CHRISTOPH SCHEMIONEK DIRECTOR, PRESIDENT AND CEO 14.00 X X 0 0 0 WOLFGANG NIEDERMARK DIRECTOR 1.00 X 0 0 0 DR MARTIN WANSLEBEN DIRECTOR 1.00 X 0 0 0 127082 0 21803 0 0 0 0 DGIC 1130 CONNECTICUT AVENUE NW WASHINGTON DC 20036 EXECUTIVE MANAGEMENT SERVICES 123115 1 SUBSIDY 900099 430720 430720 430720 GAIN ON LEASE MODIFIC. 900099 7706 7706 REIMBURSEMENTS 900099 1851 1851 9557 440277 430720 0 9557 159333 165030 25253 26652 123115 6362 57996 5504 24353 21146 188678 22404 28009 DUES & SUBSCRIPTIONS 19387 MEMBERSHIP FEES 18720 891942 747167 242061 27926 28589 101849 101849 0 0 703458 388117 1478551 658767 33722 7258 681606 339951 715328 347209 X 763223 311558 763223 311558 1478551 658767 -451665 0 X 0 1 X 1 0 33641 33641 0 68208 68208 0 0 RELATED PARTY RECEIVABLE 51981 OPERATING RIGHT-OF-USE ASSET 336136 388117 OPERATING LEASE LIABILITY 339951 339951 X 440277 0 440277 0 440277 891942 0 891942 0 891942 PART X, LINE 2: RGIT EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRAVEL FOR MEETINGS 12011 0 0 0 0 0 0 12011 0 12011 0 0 0 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 DR. CHRISTOPH SCHEMIONEK IS SECONDED FROM DELEGATION OF GERMAN INDUSTRY AND COMMERCE IN WASHINGTON, DC, LLC (DGIC) THROUGH AN EXECUTIVE SERVICES AGREEMENT TO SERVE AS THE PRESIDENT AND CEO OF RGIT AND TO BECOME THE EXECUTIVE IN CHARGE OF RGIT'S OPERATIONS. ADDITIONALLY, EFFECTIVE JULY 1, 2023, THE EMPLOYMENT OF SILKE ROBERTS-SCHUMACHER WAS TRANSFERRED FROM RGIT TO DGIC. SILKE ROBERTS-SCHUMACHER IS ALSO SECONDED FROM DGIC TO RGIT THROUGH AN EXECUTIVE SERVICES AGREEMENT. DGIC BILLS RGIT FOR EXECUTIVE SERVICES BASED ON ACTUAL TIME INCURRED, INCLUSIVE OF WAGES, BENEFITS, AND PAYROLL TAXES. FOR THE YEARS ENDED DECEMBER 31, 2023, EXECUTIVE SERVICES INCLUSIVE OF BOTH THE PRESIDENT AND CEO AND TREASURER, TOTALED $132,250. FORM 990, PART VI, SECTION A, LINE 8B RGIT DOES NOT HAVE COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE IT HAS BEEN PREPARED BY THE ACCOUNTING FIRM, THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO AS WELL AS THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST OCCURS WHEN A DIRECTOR, OFFICER, EMPLOYEE, AND/OR CONTRACTOR IS FACED WITH AN ACTUAL OR POTENTIAL COMPROMISE OF HIS OR HER LOYALTIES. CONFLICTS OF INTEREST MAY INVOLVE PERSONAL AS WELL AS PECUNIARY INTERESTS. FOR ANY ACTIVITY THAT CAN CREATE CONFLICT INTEREST POLICY, THE BOARD MEMBER OR EMPLOYEE SHALL IMMEDIATELY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE PRESIDENT AND CEO WHO MAY ASSESS THE APPROPRIATE COURSE OF ACTION TO FOLLOW. FORM 990, PART VI, SECTION C, LINE 19 RGIT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. THE FEDERAL FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.