REPRESENTATIVE OF GERMAN INDUSTRY AND TRADE

EIN: 521532143 International Affairs

WASHINGTON, DC

Total Revenue
$779,097
Total Expenses
$901,353
Total Assets
$378,873
Net Assets
$189,302
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
DC
Principal Officer
DR CHRISTOPH SCHEMIONEK
Phone
2026594777
Tax Period
2024-01-01 to 2024-12-31

REPRESENTATIVE OF GERMAN INDUSTRY AND TRADE, founded in 1988, is a small nonprofit in the International Affairs sector that reported $779K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $901K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO IMPROVE BUSINESS CONDITIONS BETWEEN THE UNITED STATES AND GERMANY

Program Service Accomplishments

Program 1

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...

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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 TADE 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

Program 2

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...

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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.

Program 3

RGIT'S WEBSITE WWW.GERMANBUSINESSUSA.COM PROVIDES AN OVERVIEW OF THE POSITIVE CONRIBUTIONS OF GERMAN-OWNED AFFILIATES TO THE US ECONOMY. IT SHOWS THE NUMBER OF JOBS CREATED IN EACH STATE AS WELL AS...

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RGIT'S WEBSITE WWW.GERMANBUSINESSUSA.COM PROVIDES AN OVERVIEW OF THE POSITIVE CONRIBUTIONS 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.

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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 $0
Program Service Revenue $748,379
Investment Income $0
Other Revenue $30,718
TOTAL REVENUE $779,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $369,638
Fundraising Expenses $0
Other Expenses $531,715
TOTAL EXPENSES $901,353

Year-over-Year Comparison

2024 2023 Change
Revenue $779,097 $440,277 +0.8%
Expenses $901,353 $891,942 +0.0%
Net Income $-122,256 $-451,665 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
3
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
3
$98,853
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY MORGAN SECRETARY 40.00
Officer
$98,853 $0 $98,853
WOLFGANG NIEDERMARK DIRECTOR 1.00
Director
$0 $0 $0
DR CHRISTOPH SCHEMIONEK PRESIDENT, C 14.00
Officer Director
$0 $0 $0
DR VOLKER TREIER DIRECTOR 1.00
Director
$0 $0 $0
DR MARTIN WANSLEBEN DIRECTOR 1.00
Director
$0 $0 $0
SILKE ROBERTS-SCHUMACHER TREASURER 32.00
Officer
$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 $779,097 $901,353 $378,873 $-122,256
2023 $440,277 $891,942 $658,767 $-451,665
2022 $635,906 $829,271 $1,478,551 $-193,365
2021 $1,492,862 $1,326,805 $1,598,202 $166,057
2020 $1,995,617 $1,933,084 $1,680,955 $62,533
2019 $2,046,251 $2,020,749 $1,593,570 $25,502
2018 $2,248,090 $2,249,139 $1,638,888 $-1,049
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