2025-03-14T11:51:18-04:00 2024-04-30 GLENN JONES CPA 3633 W HILLIARDSTON RD NASHVILLE NC 27856 990 2023-05-01 135266965 NATIONAL FOREIGN TRADE COUNCIL INC NATI 2028870278 1225 NEW YORK AVE NW SUITE 650B WASHINGTON DC 20005 JAKE COLVIN PRESIDENT 2028870278 2025-03-14 true true CLYDE GLENN JONES P00970688 2024622441 2025-03-14 X 2023 2025-03-06 01:10:19Z JAKE COLVIN 4099516 false X WWW.NFTC.ORG X 1937 DC FOUNDED IN 1914, THE NATIONAL FOREIGN TRADE COUNCIL IS THE PRE-EMINENT BUSINESS ASSOCIATION DEDICATED SOLELY TO INTERNATIONAL TRADE, INVESTMENT AND ECONOMIC POLICY ISSUES. ITS MISSION IS TO ADVANCE GLOBAL COMMERCE BY ADVOCATING PUBLIC POLICIES THAT FOSTER AN OPEN INTERNATIONAL TRADE AND INVESTMENT REGIME; MOBILIZING EXPERTISE AND INFORMATION ON KEY ISSUES, SUCH AS INTERNATIONAL TRADE AND INVESTMENT, THE WORLD TRADING SYSTEM, TARIFFS AND TRADE AGREEMENTS, INTERNATIONAL TAXATION, SUPPLY CHAINS, AND NATIONAL SECURITY AND COMPETITIVENESS; AND INFLUENCING PUBLIC DEBATE THROUGH INTERACTION WITH POLICY MAKERS AND OPINION LEADERS AND BY CONVENING GOVERNMENT AND PRIVATE SECTOR DISCUSSIONS OF IMPORTANT ISSUES. TO ACHIEVE ITS OBJECTIVES, THE COUNCIL HARNESSES THE EXPERTISE OF ITS DEDICATED PROFESSIONAL STAFF, A ROBUST COMMITTEE STRUCTURE, AND AN ENGAGED BOARD OF DIRECTORS. 65 64 13 0 0 3352917 3876503 807 11348 268746 211665 3622470 4099516 0 0 1818479 2322961 0 0 889277 1573672 2707756 3896633 914714 202883 3915123 4112024 17514 23071 3897609 4088953 X FOUNDED IN 1914, THE NATIONAL FOREIGN TRADE COUNCIL IS THE PRE-EMINENT BUSINESS ASSOCIATION DEDICATED SOLELY TO INTERNATIONAL TRADE, INVESTMENT AND ECONOMIC POLICY ISSUES. ITS MISSION IS TO ADVANCE GLOBAL COMMERCE BY ADVOCATING PUBLIC POLICIES THAT FOSTER AN OPEN INTERNATIONAL TRADE AND INVESTMENT REGIME; MOBILIZING EXPERTISE AND INFORMATION ON KEY ISSUES, SUCH AS INTERNATIONAL TRADE AND INVESTMENT, THE WORLD TRADING SYSTEM, TARIFFS AND TRADE AGREEMENTS, INTERNATIONAL TAXATION, SUPPLY CHAINS, AND NATIONAL SECURITY AND COMPETITIVENESS; AND INFLUENCING PUBLIC DEBATE THROUGH INTERACTION WITH POLICY MAKERS AND OPINION LEADERS AND BY CONVENING GOVERNMENT AND PRIVATE SECTOR DISCUSSIONS OF IMPORTANT ISSUES. TO ACHIEVE ITS OBJECTIVES, THE COUNCIL HARNESSES THE EXPERTISE OF ITS DEDICATED PROFESSIONAL STAFF, A ROBUST COMMITTEE STRUCTURE, AND AN ENGAGED BOARD OF DIRECTORS. false false THE COUNCIL PROVIDES ITS MEMBERS WITH THE OPPORTUNITY TO PARTICIPATE IN VARIOUS COMMITTEES AND WORKING GROUPS FOCUSED ON INTERNATIONAL TRADE, TAX POLICIES, SUPPLY CHAIN MANAGEMENT, AND NATIONAL SECURITY MATTERS. THESE COMMITTEES PLAY A PIVOTAL ROLE IN FORMULATING POSITIONS ON CRUCIAL TRADE, TAX, INVESTMENT, AND ECONOMIC ISSUES AND COORDINATING ADVOCACY EFFORTS ON BEHALF OF THE COUNCIL. THE COUNCIL OFFERS VALUABLE INFORMATION SERVICES TO ITS MEMBERS THROUGH EMAIL UPDATES, INCLUDING ITS TRADE AND TAX MATTERS PUBLICATION, WHICH PROVIDES MEMBERS COMPREHENSIVE INSIGHTS INTO POLICY DEVELOPMENTS AND THE COUNCIL'S ACTIVITIES. THE COUNCIL'S STAFF PROVIDES A VARIETY OF UPDATES TO KEEP SENIOR MANAGEMENT OF MEMBER COMPANIES ABREAST OF SIGNIFICANT DEVELOPMENTS IMPACTING U.S. INTERNATIONAL BUSINESS, COUNCIL STANCES ON CRITICAL POLICY MATTERS, AND FORTHCOMING EVENTS OF PARTICULAR SIGNIFICANCE. LONGER BRIEFS AND PUBLIC COMMENTS DEVELOPED BY STAFF IN COLLABORATION WITH THE COUNCIL'S COMMITTEE MEMBERS REFLECT THEIR EXPERTISE IN THE FIELD. THE COUNCIL MAINTAINED ITS LEADERSHIP ROLE IN ADDRESSING INTERNATIONAL TAX POLICY ISSUES BY ENGAGING WITH INTERNATIONAL ORGANIZATIONS TO INFLUENCE GLOBAL TAX POLICY DISCUSSIONS, COLLABORATING WITH THE ADMINISTRATION AND CONGRESS TO SHAPE U.S. TAX LEGISLATION AND REGULATIONS, AND THROUGH ITS ONGOING LEADERSHIP IN ADVOCATING FOR BILATERAL TAX TREATIES. THE COUNCIL CONTINUED TO LEAD ON TRADE POLICY, INCLUDING THROUGH ITS TARIFF REFORM COALITION AND ITS SPECIAL PROJECT ON THE WTO AND THE OECD TO FACILITATE MULTILATERAL TRADE POLICY INITIATIVES. THE COUNCIL ALSO CONTINUED TO LEAD A UNIQUE COALITION ON NATIONAL SECURITY AND COMPETITIVENESS ISSUES, THE ALLIANCE FOR NATIONAL SECURITY AND COMPETITIVENESS, WHICH HELPS LEAD BUSINESS COMMUNITY ENGAGEMENT AND SERVE AS A PARTNER TO THE GOVERNMENT TO INFORM POLICYMAKING. THROUGH ITS SUPPLY CHAIN WORKING GROUP, THE COUNCIL CONTINUED TO PROMOTE COMPLIANCE WITH U.S. TRADE LAWS, BOLSTER SUPPLY CHAIN RESILIENCE AND FACILITATE THE EFFICIENT ENTRY OF LAWFUL PRODUCTS AND SERVICES. ALL THESE INITIATIVES HAVE PROVIDED CRITICAL INFORMATION AND SUPPORT TO THE COUNCIL'S GLOBALLY-ENGAGED MEMBER COMPANIES. false false false true false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 9 0 true 13 true false false false false false false false false X 65 64 false false false false false true false true true false false false true false true true true true false false DC X NATIONAL FOREIGN TRADE COUNCIL 2028870278 1225 NEW YORK AVE NW STE 650B WASHINGTON DC 20005 JAKE COLVIN PRESIDENT 36.00 4.00 X 288885 0 21570 JOHN PICKEL SR DIRECTOR 40.00 X 207757 0 15575 VERONICA BERKSHIRE SR DIRECTOR 32.00 8.00 X 127580 0 31634 MARSHALL LANE SECRETARY/TR 32.00 8.00 X 128652 0 24917 ANNE GORDON VP, INT'L TA 36.00 4.00 X 258757 0 25387 TIFFANY SMITH VP, GLOBAL T 40.00 X 228520 0 28832 JEANNETTE CHU VP, NATIONAL 40.00 X 203744 0 16867 SUSAN SCHWAB CHAIRMAN X 0 0 0 ABBOTT LABS DIRECTOR X 0 0 0 ACCENTURE DIRECTOR X 0 0 0 APPLIED MATERIAL DIRECTOR X 0 0 0 APPLE DIRECTOR X 0 0 0 CATERPILLAR INC DIRECTOR X 0 0 0 CHEVRON DIRECTOR X 0 0 0 DENTON US LLP DIRECTOR X 0 0 0 DHL NORTH AMERICA DIRECTOR X 0 0 0 EBAY DIRECTOR X 0 0 0 ERNST & YOUNG LLP DIRECTOR X 0 0 0 EXXONMOBIL CORP DIRECTOR X 0 0 0 FLUOR CORP DIRECTOR X 0 0 0 FORD MOTOR CO DIRECTOR X 0 0 0 GE HEALTHCARE DIRECTOR X 0 0 0 GE VERNOVA DIRECTOR X 0 0 0 GOOGLE INC DIRECTOR X 0 0 0 HALLIBURTON CO DIRECTOR X 0 0 0 HANESBRANDS INC DIRECTOR X 0 0 0 QUALCOMM INC DIRECTOR X 0 0 0 HEWLETT-PACKARD ENTERRPISE CO DIRECTOR X 0 0 0 KPMG LLP DIRECTOR X 0 0 0 MARS INC DIRECTOR X 0 0 0 MICROSOFT INC DIRECTOR X 0 0 0 ORACLE CORP DIRECTOR X 0 0 0 ORGANON DIRECTOR X 0 0 0 COCA COLA DIRECTOR X 0 0 0 PERNOD RICARD USA DIRECTOR X 0 0 0 PFIZER INC DIRECTOR X 0 0 0 PHILLIPS NORTH AMERICAN LLC DIRECTOR X 0 0 0 PRICEWATERHOUSE COOPERS LLP DIRECTOR X 0 0 0 PROCTER & GAMBLE CO DIRECTOR X 0 0 0 SIEMENS CORP DIRECTOR X 0 0 0 TE CONNECTIVITY DIRECTOR X 0 0 0 VISA INC DIRECTOR X 0 0 0 WAL-MART STORES INC DIRECTOR X 0 0 0 TOYOTA DIRECTOR X 0 0 0 UPS DIRECTOR X 0 0 0 MCCORMICK COMPANY INC DIRECTOR X 0 0 0 CISCO SYSTEMS INC DIRECTOR X 0 0 0 AMAZON DIRECTOR X 0 0 0 AMGEN DIRECTOR X 0 0 0 CORNING INC DIRECTOR X 0 0 0 META DIRECTOR X 0 0 0 IBM CORP DIRECTOR X 0 0 0 JOHNSON CONTROLS DIRECTOR X 0 0 0 MONDELEZ INTERNATIONAL INC DIRECTOR X 0 0 0 PITNEY BOWES DIRECTOR X 0 0 0 FEDERAL EXPRESS DIRECTOR X 0 0 0 AMERICAN INTERNATIONAL GROUP DIRECTOR X 0 0 0 ANHEUSER-BUSCH DIRECTOR X 0 0 0 BP AMERICA INC DIRECTOR X 0 0 0 RTX CORPORATION DIRECTOR X 0 0 0 SAMSUNG ELECTRONICS DIRECTOR X 0 0 0 TEXAS INSTRUMENTS DIRECTOR X 0 0 0 TOTAL DIRECTOR X 0 0 0 GILEAD SCIENCES INC DIRECTOR X 0 0 0 HP INC DIRECTOR X 0 0 0 SCHNEIDER ELECTRIC DIRECTOR X 0 0 0 SIEMENS ENERGY INC DIRECTOR X 0 0 0 STELLANTIS NV DIRECTOR X 0 0 0 KOCH INDUSTRIES DIRECTOR X 0 0 0 LAM RESEARCH CORP DIRECTOR X 0 0 0 SHELL OIL DIRECTOR X 0 0 0 1443895 164782 7 false true false PHYLLEOS INC 3714 13TH STREET NW WASHINGTON DC 20017 CONCULTING 135000 MILLER & CHEVALIER 900 16TH STREET NW WASHINGTON DC 20006 CONSULTING 110000 2 MEMBERSHIP DUES - CURRENT YEA 2434500 2434500 SUPPLY CHAIN PROJECT INCOME 740000 740000 MEMBERSHIP DUES - PRIOR YEAR 283666 283666 TRADE COMMITTEE INCOME 150000 150000 NATIONAL SECURITY INITIATIV I 129000 129000 139337 139337 3876503 11348 11348 GIF REIMBURSEMENTS 211665 211665 211665 4099516 4088168 11348 1998973 1499230 499743 85801 64351 21450 98291 73718 24573 139896 104922 34974 129566 97174 32392 329093 313413 15680 71598 53698 17900 147391 110543 36848 308365 231274 77091 81524 61143 20381 24280 24280 4 4 13860 11562 2298 26695 20021 6674 SUPPLY CHAIN PROJECT EXPE 189840 189840 DUES & SUBSCRIPTION 129467 97100 32367 NATIONAL SECURITY DIRECT 62457 62457 WTO PROJECT EXPENSES 26487 26487 33045 28619 4426 3896633 3069836 826797 0 2432799 2242248 1293156 1772214 145811 70715 91702 75096 97466 22466 3915123 4112024 17514 23071 17514 23071 X 2953416 2956892 944193 1132061 3897609 4088953 3915123 4112024 X 202883 -11539 X false true X true false false false 3657166 312377 312377 914292 -601915 80666 27706 52960 65145 43009 22136 75096 401 - K CONTRIBUTION PAYABLE 21089 DUE TO NFTC FOUNDATION 3545 PRETAX TRANSPORTATION 574 FSA PAYABLE -2137 23071 X X X false false false JAKE COLVIN PRESIDENT 275135 13750 19800 1770 310455 JOHN PICKEL SR DIRECTOR OF SUPPL 195757 12000 13805 1770 223332 VERONICA BERKSHIRE SR DIRECTOR OF COMM 116580 11000 9065 22569 159214 MARSHALL LANE SECRETARY/TREASURER 117652 11000 8823 16094 153569 ANNE GORDON VP, INT'L TAX POLICY 240757 18000 16925 8462 284144 TIFFANY SMITH VP, GLOBAL TRADE POL 216520 12000 15203 13629 257352 JEANNETTE CHU VP, NATIONAL SECURIT 191744 12000 14644 2223 220611 FORM 990 - ORGANIZATION'S MISSION FOUNDED IN 1914, THE NATIONAL FOREIGN TRADE COUNCIL IS THE PRE-EMINENT BUSINESS ASSOCIATION DEDICATED SOLELY TO INTERNATIONAL TRADE, INVESTMENT AND ECONOMIC POLICY ISSUES. ITS MISSION IS TO ADVANCE GLOBAL COMMERCE BY ADVOCATING PUBLIC POLICIES THAT FOSTER AN OPEN INTERNATIONAL TRADE AND INVESTMENT REGIME; MOBILIZING EXPERTISE AND INFORMATION ON KEY ISSUES, SUCH AS INTERNATIONAL TRADE AND INVESTMENT, THE WORLD TRADING SYSTEM, TARIFFS AND TRADE AGREEMENTS, INTERNATIONAL TAXATION, SUPPLY CHAINS, AND NATIONAL SECURITY AND COMPETITIVENESS; AND INFLUENCING PUBLIC DEBATE THROUGH INTERACTION WITH POLICY MAKERS AND OPINION LEADERS AND BY CONVENING GOVERNMENT AND PRIVATE SECTOR DISCUSSIONS OF IMPORTANT ISSUES. TO ACHIEVE ITS OBJECTIVES, THE COUNCIL HARNESSES THE EXPERTISE OF ITS DEDICATED PROFESSIONAL STAFF, A ROBUST COMMITTEE STRUCTURE, AND AN ENGAGED BOARD OF DIRECTORS. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF OCCASIONAL COLLEGE INTERNS. FORM 990, PAGE 2, PART III, LINE 4A THE COUNCIL PROVIDES ITS MEMBERS WITH THE OPPORTUNITY TO PARTICIPATE IN VARIOUS COMMITTEES AND WORKING GROUPS FOCUSED ON INTERNATIONAL TRADE, TAX POLICIES, SUPPLY CHAIN MANAGEMENT, AND NATIONAL SECURITY MATTERS. THESE COMMITTEES PLAY A PIVOTAL ROLE IN FORMULATING POSITIONS ON CRUCIAL TRADE, TAX, INVESTMENT, AND ECONOMIC ISSUES AND COORDINATING ADVOCACY EFFORTS ON BEHALF OF THE COUNCIL. THE COUNCIL OFFERS VALUABLE INFORMATION SERVICES TO ITS MEMBERS THROUGH EMAIL UPDATES, INCLUDING ITS TRADE AND TAX MATTERS PUBLICATION, WHICH PROVIDES MEMBERS COMPREHENSIVE INSIGHTS INTO POLICY DEVELOPMENTS AND THE COUNCIL'S ACTIVITIES. THE COUNCIL'S STAFF PROVIDES A VARIETY OF UPDATES TO KEEP SENIOR MANAGEMENT OF MEMBER COMPANIES ABREAST OF SIGNIFICANT DEVELOPMENTS IMPACTING U.S. INTERNATIONAL BUSINESS, COUNCIL STANCES ON CRITICAL POLICY MATTERS, AND FORTHCOMING EVENTS OF PARTICULAR SIGNIFICANCE. LONGER BRIEFS AND PUBLIC COMMENTS DEVELOPED BY STAFF IN COLLABORATION WITH THE COUNCIL'S COMMITTEE MEMBERS REFLECT THEIR EXPERTISE IN THE FIELD. FORM 990, PAGE 2, PART III, LINE 4B THE COUNCIL MAINTAINED ITS LEADERSHIP ROLE IN ADDRESSING INTERNATIONAL TAX POLICY ISSUES BY ENGAGING WITH INTERNATIONAL ORGANIZATIONS TO INFLUENCE GLOBAL TAX POLICY DISCUSSIONS, COLLABORATING WITH THE ADMINISTRATION AND CONGRESS TO SHAPE U.S. TAX LEGISLATION AND REGULATIONS, AND THROUGH ITS ONGOING LEADERSHIP IN ADVOCATING FOR BILATERAL TAX TREATIES. THE COUNCIL CONTINUED TO LEAD ON TRADE POLICY, INCLUDING THROUGH ITS TARIFF REFORM COALITION AND ITS SPECIAL PROJECT ON THE WTO AND THE OECD TO FACILITATE MULTILATERAL TRADE POLICY INITIATIVES. THE COUNCIL ALSO CONTINUED TO LEAD A UNIQUE COALITION ON NATIONAL SECURITY AND COMPETITIVENESS ISSUES, THE ALLIANCE FOR NATIONAL SECURITY AND COMPETITIVENESS, WHICH HELPS LEAD BUSINESS COMMUNITY ENGAGEMENT AND SERVE AS A PARTNER TO THE GOVERNMENT TO INFORM POLICYMAKING. THROUGH ITS SUPPLY CHAIN WORKING GROUP, THE COUNCIL CONTINUED TO PROMOTE COMPLIANCE WITH U.S. TRADE LAWS, BOLSTER SUPPLY CHAIN RESILIENCE AND FACILITATE THE EFFICIENT ENTRY OF LAWFUL PRODUCTS AND SERVICES. ALL THESE INITIATIVES HAVE PROVIDED CRITICAL INFORMATION AND SUPPORT TO THE COUNCIL'S GLOBALLY-ENGAGED MEMBER COMPANIES. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B PRESIDENT REVIEWS DRAFT PREPARED BY OUTSIDE CPA BEFORE RETURN IS FINALIZED AND SIGNED. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS CIRCULATED TO EMPLOYEES AND THEY ARE REQUIRED TO ACKNOWLEDGE RECEIPT ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A MANAGEMENT WORKED WITH AN INDEPENDENT MANAGEMENT CONSULTING FIRM THAT SPECIALIZES IN COMPENSATION ANALYSIS FOR TRADE ASSOCIATIONS AND THE NONPROFIT SECTOR TO EVALUATE AND BENCHMARK COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -2,746 UNREALIZED GAIN/LOSS ON INVESTM -8,793 TOTAL -11,539 NATIONAL FOREIGN TRADE COUNCIL FOUN 1225 NEW YORK AVE NW SUITE 650B WASHINGTON DC 20005 133013090 EDUCATION NY 501C3 10 NA false false false false false false false false false false false false false false true true false true false false NATIONAL FOREIGN TRADE COUNCIL FDN 135075 O 235915 TOTAL AMOUNT PAID