Nonprofit · EIN 13-3218841
US-ASEAN BUSINESS COUNCIL INSTITUTE INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $139,898 | $211,881 | -$71,983 | $340,338 | $384,819 | -$44,481 |
| December 31, 2023 | 990 | $165,772 | $697,904 | -$532,132 | $325,249 | $303,785 | $21,464 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $131,484
- of which government grants
- $55,484
- Program service revenue
- $0
- Investment income
- $8,414
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,939
- Other salaries and wages
- $51,796
- Salaries, compensation and benefits (total)
- $66,627
- Professional fundraising fees
- $0
- Legal fees
- $417
- Accounting fees
- $493
- Occupancy
- $3,398
- Travel
- $1,076
- Depreciation
- $1,243
- Program services (functional)
- $185,241
- Management and general (functional)
- $26,640
Balance sheet and other
- Total assets, start of year
- $325,249
- Total assets, end of year
- $340,338
- Total liabilities, end of year
- $384,819
- Net assets, end of year
- -$44,481
- Publicly traded securities
- $239,533
- Net assets without donor restrictions
- -$353,681
- Net assets with donor restrictions
- $309,200
- Gross receipts
- $139,898
- Employees
- 0
- Volunteers
- 2
- Year formed
- 1984
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Margaret Hanson-Muse | President & CEO Trustee or director, Officer | 5 | $2,167 | $216,689 | $10,375 |
| Michael Shue | CFO Officer | 2 | $1,772 | $177,254 | $37,896 |
| William Wise | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Anthony Nelson | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL SHUE | CFO Officer | 2 | $0 | $173,699 | $33,273 |
| MARGARET HANSON-MUSE | PRESIDENT (FROM 4/1/23) Trustee or director, Officer | 5 | $0 | $158,333 | $7,496 |
| ELIZABETH DUGAN | PRESIDENT (UNTIL 4/1/23) Trustee or director, Officer | 5 | $0 | $67,739 | $7,311 |
| ANTHONY NELSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM WISE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 17TH ST NW STE 411, WASHINGTON, DC 20036-4720
- In care of
- % MICHAEL SHUE
- Principal officer (990 for 2024)
- Michael Shue, 1101 17th Street NW STE 411, Washington, DC 20036
- Signed the 990
- MICHAEL SHUE, CFO
- Phone
- (202) 289-1911
- Website
- WWW.USASEAN.ORG/USABCI
- Return prepared by
- Mullins PC
Mission
See Schedule O.
Program accomplishments
- During 2023, USABCI held five workshops in Singapore, the Philippines, Vietnam, Indonesia, and Malaysia that educated over 3,000 small and medium enterprises (SMES). The workshops promoted skill-building to equip SMES for competition in an increasingly digital world. Workshop topics included: enable Singapore as the digital tech hub, unlocking your companys digital potential for global success, driving inclusion for Malaysian SMES in the global economy, catalyzing success in the global business arena for Filipino SMES in the digital economy, accelerating global readiness for Vietnamese SMES, and empowering Indonesian SMES: unlocking digital potential for global success. More than 30% of the participants were women. Additionally, USABCIs Myanmar scholarship fund supported 57 Burmese students enrolled as US Universities during 2023.Expenses $185,241
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3218841
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $340,338
- Income (IRS master file)
- $139,898
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $139,898 | $211,881 | $340,338 | XML |
| 990 | December 2023 | $165,772 | $697,904 | $325,249 | XML |
| 990 | December 2022 | $850,222 | $816,868 | $812,210 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3218841).
Questions about US-ASEAN BUSINESS COUNCIL INSTITUTE INC
- What is the EIN of US-ASEAN BUSINESS COUNCIL INSTITUTE INC?
- The employer identification number (EIN) of US-ASEAN BUSINESS COUNCIL INSTITUTE INC is 13-3218841.
- Is US-ASEAN BUSINESS COUNCIL INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to US-ASEAN BUSINESS COUNCIL INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does US-ASEAN BUSINESS COUNCIL INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of US-ASEAN BUSINESS COUNCIL INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did US-ASEAN BUSINESS COUNCIL INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of US-ASEAN BUSINESS COUNCIL INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Michael Shue.
- Who are the officers and directors of US-ASEAN BUSINESS COUNCIL INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $2,167 (Margaret Hanson-Muse, President & CEO).
- How much revenue does US-ASEAN BUSINESS COUNCIL INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $139,898, expenses of $211,881 and total assets of $340,338 at year end.
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