BUSACC

EIN: 320099085

Houston, TX

Total Revenue
$2,788,552
Total Expenses
$2,176,418
Total Assets
$1,227,882
Net Assets
$1,132,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TX
Principal Officer
Aida Araissi
Phone
7138808168
Tax Period
2024-01-01 to 2024-12-31

BUSACC, founded in 2004, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 22% operating margin.

Mission

BUSACC (DBA THE BILATERAL CHAMBER) PROMOTES U.S. EXPORTS TO VARIOUS U.S. TRADING PARTNER COUNTRIES ABROAD ON A GLOBAL BASIS THROUGH BUSINESS & EDUCATION ADVOCACY PROGRAMS AND SERVES AS AN OFFICIAL CONTRACTOR FOR THE US TRADE AND DEVELOPMENT AGENCY (USTDA).

Program Service Accomplishments

Program 1
Expenses: $1,461,515 Revenue: $1,262,961

AS A BILATERAL CHAMBER, BUSACC ORGANIZES TRADE CONFERENCES AS WELL AS INBOUND AND OUTBOUND TRADE MISSIONS TO PROMOTE ECONOMIC DEVELOPMENT AND EXPORTS FOR U.S. COMPANIES GLOBALLY. BUSACC SERVES AS AN...

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AS A BILATERAL CHAMBER, BUSACC ORGANIZES TRADE CONFERENCES AS WELL AS INBOUND AND OUTBOUND TRADE MISSIONS TO PROMOTE ECONOMIC DEVELOPMENT AND EXPORTS FOR U.S. COMPANIES GLOBALLY. BUSACC SERVES AS AN OFFICIAL CONTRACTOR FOR THE USTDA TO LEAD THE INBOUND TRADE MISSIONS FROM ALL PARTS OF THE WORLD INTO THE UNITED STATES TO PROMOTE U.S. EXPORTS IN REGIONS OF ECONOMIC INTERESTS TO THE U.S. OUR TRADE MISSIONS PROMOTE INBOUND INVESTMENTS INTO THE U.S. AND FOSTER U.S. EXPORTS IN MULTIPLE SECTORS INCLUDING INFRASTRUCTURE DEVELOPMENT, TRANSPORTATION, COMMUNICATIONS, PETROLEUM INDUSTRIES, RENEWABLE ENERGY, TRAVEL, TOURISM, HEALTH SERVICES, AND VARIOUS OTHERS.

Program 2
Revenue: $65,255

BUSACC ORGANIZES CONFERENCES, PROGRAMS, & SEMINARS THROUGH ITS SMALL BUSINESS WORKSHOP SERIES, AMBASSADOR SERIES, AND LEADERSHIP SERIES FOR MEMBERS TO DISCUSS TRADE, INDUSTRY, & COMMERCE WITH...

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BUSACC ORGANIZES CONFERENCES, PROGRAMS, & SEMINARS THROUGH ITS SMALL BUSINESS WORKSHOP SERIES, AMBASSADOR SERIES, AND LEADERSHIP SERIES FOR MEMBERS TO DISCUSS TRADE, INDUSTRY, & COMMERCE WITH BUSINESS AND GOVERNMENT LEADERS FROM THE U.S. AND OUR GLOBAL U.S. TRADING PARTNER COUNTRIES ABROAD. THESE EVENTS ALLOW OUR BUSINESS MEMBERS TO NETWORK WITH INFLUENTIAL BUSINESS LEADERS AND WITH EACH OTHER AND TO LEARN HOW TO EXPORT TO EMERGING MARKETS.

Program 3
Revenue: $82,167

BUSACC ADVOCATES TRADE RELATIONS BETWEEN THE U.S. AND OUR GLOBAL U.S. TRADING PARTNER COUNTRIS ABROAD THROUGH A VARIETY OF EXPORT ASSISTANCE PROGRAMS. THE PROGRAMS PROVIDE EXPERTISE ON EMERGING...

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BUSACC ADVOCATES TRADE RELATIONS BETWEEN THE U.S. AND OUR GLOBAL U.S. TRADING PARTNER COUNTRIS ABROAD THROUGH A VARIETY OF EXPORT ASSISTANCE PROGRAMS. THE PROGRAMS PROVIDE EXPERTISE ON EMERGING MARKETS AND THEIR TRADE POLICIES. BUSACC IS RECOGNIZED BY EMBASSIES GLOBALLY TO CERTIFY DOCUMENTS PERTAINING TO TRADE AND EXPORT OF GOODS FROM THE U.S. TO OUR GLOBAL U.S. TRADING PARTNER COUNTRIES ABROAD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,357,535
Program Service Revenue $1,410,383
Investment Income $20,631
Other Revenue $3
TOTAL REVENUE $2,788,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770,117
Fundraising Expenses $466,237
Program Expenses $1,461,515
Other Expenses $1,406,301
TOTAL EXPENSES $2,176,418

Year-over-Year Comparison

2024 2023 Change
Revenue $2,788,552 $1,464,710 +0.9%
Expenses $2,176,418 $1,486,257 +0.5%
Net Income $612,134 $-21,547 -29.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
8
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$373,339
Total Directors
5
$373,339
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AIDA ARAISSI PRESIDENT 40.0
Officer Director
$291,959 $17,517 $309,476
DAVID L PHILLIPS CHAIRMAN OF THE BOARD 20.0
Officer Director
$49,463 $14,400 $63,863
DAN BORGEN BOARD MEMBER 1.0
Director
$0 $0 $0
Aseel Saqer BOARD Member & secretary 1.0
Director
$0 $0 $0
WAYNE R DICKEY BOARD MEMBER 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,788,552 $2,176,418 $1,227,882 $612,134
2023 $1,464,710 $1,486,257 $1,104,336 $-21,547
2022 $1,214,938 $1,196,333 $898,278 $18,605
2021 $679,258 $889,611 $857,585 $-210,353
2020 $805,968 $794,141 $1,072,792 $11,827
2019 $2,412,175 $2,203,114 $945,828 $209,061
2018 $1,807,992 $1,579,193 $752,685 $228,799
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