2024-03-15T09:11:37-04:00 2023-04-30 GLENN JONES CPA 1425 RHODE ISLAND AVE NW 40 WASHINGTON DC 20005 990 2022-05-01 135266965 NATIONAL FOREIGN TRADE COUNCIL INC NATI 2028870278 1225 NEW YORK AVE NW SUITE 650B WASHINGTON DC 20005 JAKE COLVIN PRESIDENT 2028870278 2024-03-14 true JAKE COLVIN XXX-XX-XXXX true CLYDE GLENN JONES P00970688 2024622441 2024-03-15 X 2022 2023-04-26 12:10:37Z JAKE COLVIN 3622470 false X WWW.NFTC.ORG X 1937 DC THE NATIONAL FOREIGN TRADE COUNCIL ("COUNCIL"), ESTABLISHED IN 1914, HAS CONSISTENTLY SERVED AS A PROMINENT ADVOCATE FOR OPEN INTERNATIONAL TRADE AND INVESTMENT POLICIES THAT BOLSTER MULTILATERAL INSTITUTIONS LIKE THE WORLD TRADE ORGANIZATION. HEADQUARTERED IN WASHINGTON, D.C., THE COUNCIL BOASTS A MEMBERSHIP COMPRISING APPROXIMATELY 100 U.S. MANUFACTURING CORPORATIONS, FINANCIAL INSTITUTIONS, AND OTHER FIRMS WITH SIGNIFICANT INTERNATIONAL OPERATIONS. THE COUNCIL'S OVERARCHING MISSION IS TO CHAMPION PUBLIC POLICIES THAT ENHANCE ITS MEMBERS' COMPETITIVE POSITIONS IN THE GLOBAL MARKETPLACE. IT ACTIVELY ADVOCATES FOR MEASURES TO EXPAND EXPORTS, SAFEGUARD U.S. FOREIGN INVESTMENT, BOLSTER THE COMPETITIVENESS AND PROFITABILITY OF U.S. INDUSTRIES, AND UPHOLD AN OPEN AND FAIR INTERNATIONAL TRADE FRAMEWORK. KEY AREAS OF FOCUS FOR THE COUNCIL INCLUDE ELIMINATING BARRIERS TO INTERNATIONAL TRADE AND INVESTMENT, FOSTERING GREATER UNDERSTANDING AMONG GOVERNMENT OFFICIALS, CONGRESS, AND THE PUBLIC RE 66 65 12 0 0 2823828 3352917 -15128 807 413600 268746 3222300 3622470 0 0 1558013 1818479 0 0 728226 889277 2286239 2707756 936061 914714 2983766 3915123 8826 17514 2974940 3897609 X THE NATIONAL FOREIGN TRADE COUNCIL ("COUNCIL"), ESTABLISHED IN 1914, HAS CONSISTENTLY SERVED AS A PROMINENT ADVOCATE FOR OPEN INTERNATIONAL TRADE AND INVESTMENT POLICIES THAT BOLSTER MULTILATERAL INSTITUTIONS LIKE THE WORLD TRADE ORGANIZATION. HEADQUARTERED IN WASHINGTON, D.C., THE COUNCIL BOASTS A MEMBERSHIP COMPRISING APPROXIMATELY 100 U.S. MANUFACTURING CORPORATIONS, FINANCIAL INSTITUTIONS, AND OTHER FIRMS WITH SIGNIFICANT INTERNATIONAL OPERATIONS. THE COUNCIL'S OVERARCHING MISSION IS TO CHAMPION PUBLIC POLICIES THAT ENHANCE ITS MEMBERS' COMPETITIVE POSITIONS IN THE GLOBAL MARKETPLACE. IT ACTIVELY ADVOCATES FOR MEASURES TO EXPAND EXPORTS, SAFEGUARD U.S. FOREIGN INVESTMENT, BOLSTER THE COMPETITIVENESS AND PROFITABILITY OF U.S. INDUSTRIES, AND UPHOLD AN OPEN AND FAIR INTERNATIONAL TRADE FRAMEWORK. KEY AREAS OF FOCUS FOR THE COUNCIL INCLUDE ELIMINATING BARRIERS TO INTERNATIONAL TRADE AND INVESTMENT, FOSTERING GREATER UNDERSTANDING AMONG GOVERNMENT OFFICIALS, CONGRESS, AND THE PUBLIC RE false false THE COUNCIL PROVIDES ITS MEMBERS WITH COMPREHENSIVE SERVICES, INCLUDING PARTICIPATION 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. FURTHERMORE, THE COUNCIL OFFERS VALUABLE INFORMATION SERVICES TO ITS MEMBERS THROUGH EMAIL NOTIFICATIONS AND TRADE AND TAX MATTERS PUBLICATIONS. EMAIL UPDATES KEEP SENIOR MANAGEMENT OF MEMBER COMPANIES ABREAST OF SIGNIFICANT DEVELOPMENTS IMPACTING U.S. INTERNATIONAL BUSINESS, COUNCIL STANCES ON CRITICAL LEGISLATIVE MATTERS, AND FORTHCOMING EVENTS OF PARTICULAR SIGNIFICANCE. MOREOVER, LONGER BRIEFS AND PUBLIC COMMENTS PROVIDED BY COUNCIL COMMITTEE MEMBERS AND STAFF REFLECT THEIR EXPERTISE IN THE FIELD. TRADE AND TAX MATTERS IS A WEEKLY COMPILATION OF NFTC ACTIVITIES AND EVENTS FEATURING SUMMARIES OF PERTINENT NEWS STORIES FROM LEADING PUBLICATIONS. THUS, IT PROVIDES MEMBERS COMPREHENSIVE INSIGHTS INTO ONGOING DEVELOPMENTS AND THE COUNCIL'S ENGAGEMENTS. NFTC LED A UNIQUE COALITION ON NATIONAL SECURITY AND COMPETITIVENESS ISSUES. BUILDING ON NFTC'S HISTORY OF LEADERSHIP ON EXPORT CONTROLS AND SANCTIONS ISSUES, ITS ALLIANCE WILL HELP LEAD BUSINESS COMMUNITY ENGAGEMENT ON NATIONAL SECURITY AND COMPETITIVENESS AND SERVE AS A PARTNER TO THE GOVERNMENT TO INFORM POLICYMAKING. THROUGHOUT THE FISCAL YEAR, THE COUNCIL MAINTAINED ITS LEADERSHIP ROLE IN ADDRESSING VARIOUS INTERNATIONAL TAX POLICY ISSUES. THESE EFFORTS ENCOMPASSED ENGAGEMENT WITH INTERNATIONAL ORGANIZATIONS TO INFLUENCE GLOBAL TAX POLICY DISCUSSIONS, COLLABORATION WITH THE ADMINISTRATION AND CONGRESS TO SHAPE U.S. TAX LEGISLATION AND REGULATIONS PERTAINING TO INTERNATIONAL INVESTMENT AND TRADE, AND ONGOING LEADERSHIP IN NEGOTIATING BILATERAL TAX TREATIES. THE COUNCIL CONTINUED TO LEAD ENGAGEMENT THROUGH ITS SPECIAL PROJECT ON THE WORLD TRADE ORGANIZATION AND THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT TO FACILITATE SUCCESSFUL MULTILATERAL TRADE NEGOTIATIONS AND POLICY INITIATIVES. ALL THESE INITIATIVES HAVE PROVIDED INVALUABLE INFORMATION AND SUPPORT TO MANY OF OUR MEMBER COMPANIES WITH INTERNATIONAL OPERATIONS. MOREOVER, THE COUNCIL INTENSIFIED ITS EFFORTS IN GLOBAL SUPPLY CHAIN POLICIES TO ENHANCE TRANSPARENCY AND PREDICTABILITY IN IMPORT REQUIREMENTS. BALANCING THE ROLES OF GOVERNMENT ENFORCEMENT AND PRIVATE SECTOR INVOLVEMENT THROUGH PARTNERSHIP AND RISK MANAGEMENT PRINCIPLES, THESE EFFORTS AIM TO PROMOTE COMPLIANCE WITH U.S. TRADE LAWS AND BOLSTER SUPPLY CHAIN RESILIENCE, ULTIMATELY FACILITATING THE EFFICIENT PROVISION OF PRODUCTS AND SERVICES. THE COUNCIL'S COMMITTEES CONVENE PERIODICALLY FOR VARYING DURATIONS, OFTEN INCLUDING SESSIONS OVER BREAKFAST AND LUNCH, TO FULFILL THEIR RESPONSIBILITIES. CERTAIN COMMITTEES OPERATE IN A HYBRID CAPACITY DUE TO THE DISPERSED NATURE OF PARTICIPANTS ACROSS THE UNITED STATES AND AROUND THE GLOBE. 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 8 0 true 12 true false false false false false false false false X 66 65 false false false false false true false true true false false false true false false true true false false false DC X NATIONAL FOREIGN TRADE COUNCIL 2028870278 1225 NEW YORK AVE NW STE 650B WASHINGTON DC 20005 X JAKE COLVIN PRESIDENT 36.00 4.00 X 308090 0 17895 RICHARD SAWAYA VP 40.00 X 150382 0 9772 VERONICA BERKSHIRE SR DIRECTOR 32.00 8.00 X 127230 0 25192 MARSHALL LANE SECRETARY/TR 32.00 8.00 X 131028 0 23240 BENJAMIN WASTLER SR DIRECTO O 40.00 X 129090 0 11118 ANNE GORDON VP, INT'L TA 40.00 X 128784 0 7014 TIFFANY SMITH VP, GLOBAL T 40.00 X 212193 0 8879 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 GENERAL ELECTRIC 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 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 1186797 103110 7 false true false MEMBERSHIP DUES - CURRENT YEA 2264834 2264834 SUPPLY CHAIN PROJECT INCOME 460000 460000 MEMBERSHIP DUES - PRIOR YEAR 267000 267000 NATIONAL SECURITY INITIATIV I 200000 200000 MEMBERSHIP DUES - FUTURE YEAR 100000 100000 61083 61083 3352917 807 807 NFTC FDN REIMBURSEMENTS 135199 135199 GIF REIMBURSEMENTS 133547 133547 268746 3622470 3621663 807 1561610 1171207 390403 76097 57073 19024 69089 51816 17273 111683 83762 27921 7897 7798 99 120377 90282 30095 161107 156822 4285 57776 43331 14445 101051 75788 25263 230987 173240 57747 16884 12663 4221 30395 30395 25763 19319 6444 15394 11545 3849 DUES & SUBSCRIPTION 39869 29902 9967 WTO PROJECT EXPENSES 36411 36411 MEALS AND ENTERTAINMENT 13906 10429 3477 SUPPLY CHAIN PROJECT EXPE 12250 12250 19210 19075 135 2707756 2093108 614648 0 2053612 2432799 787891 1293156 34661 145811 54109 105636 91702 1966 97466 2983766 3915123 8826 17514 8826 17514 X 2166124 2953416 808816 944193 2974940 3897609 2983766 3915123 X 914714 7955 X false true X true false false false 3291834 247796 247796 822959 -575163 80666 10880 69786 65145 43229 21916 91702 DUE TO NFTC FOUNDATION 10805 401 - K CONTRIBUTION PAYABLE 6072 PRETAX TRANSPORTATION 574 FSA PAYABLE 63 17514 X X false false false JAKE COLVIN PRESIDENT 275090 33000 17895 325985 RICHARD SAWAYA VP 150382 9772 160154 VERONICA BERKSHIRE SR DIRECTOR OF COMM 105230 22000 25192 152422 MARSHALL LANE SECRETARY/TREASURER 110028 21000 23240 154268 TIFFANY SMITH VP, GLOBAL TRADE POL 191193 21000 8879 221072 FORM 990 - ORGANIZATION'S MISSION THE NATIONAL FOREIGN TRADE COUNCIL ("COUNCIL"), ESTABLISHED IN 1914, HAS CONSISTENTLY SERVED AS A PROMINENT ADVOCATE FOR OPEN INTERNATIONAL TRADE AND INVESTMENT POLICIES THAT BOLSTER MULTILATERAL INSTITUTIONS LIKE THE WORLD TRADE ORGANIZATION. HEADQUARTERED IN WASHINGTON, D.C., THE COUNCIL BOASTS A MEMBERSHIP COMPRISING APPROXIMATELY 100 U.S. MANUFACTURING CORPORATIONS, FINANCIAL INSTITUTIONS, AND OTHER FIRMS WITH SIGNIFICANT INTERNATIONAL OPERATIONS. THE COUNCIL'S OVERARCHING MISSION IS TO CHAMPION PUBLIC POLICIES THAT ENHANCE ITS MEMBERS' COMPETITIVE POSITIONS IN THE GLOBAL MARKETPLACE. IT ACTIVELY ADVOCATES FOR MEASURES TO EXPAND EXPORTS, SAFEGUARD U.S. FOREIGN INVESTMENT, BOLSTER THE COMPETITIVENESS AND PROFITABILITY OF U.S. INDUSTRIES, AND UPHOLD AN OPEN AND FAIR INTERNATIONAL TRADE FRAMEWORK. KEY AREAS OF FOCUS FOR THE COUNCIL INCLUDE ELIMINATING BARRIERS TO INTERNATIONAL TRADE AND INVESTMENT, FOSTERING GREATER UNDERSTANDING AMONG GOVERNMENT OFFICIALS, CONGRESS, AND THE PUBLIC REGARDING THE IMPORTANCE OF A FREE AND OPEN GLOBAL TRADING SYSTEM FOR SUSTAINED U.S. ECONOMIC GROWTH, AND DEVELOPING A COHERENT AND CONSISTENT INTERNATIONAL ECONOMIC POLICY BY THE U.S. GOVERNMENT. 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 COMPREHENSIVE SERVICES, INCLUDING PARTICIPATION 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. FURTHERMORE, THE COUNCIL OFFERS VALUABLE INFORMATION SERVICES TO ITS MEMBERS THROUGH EMAIL NOTIFICATIONS AND TRADE AND TAX MATTERS PUBLICATIONS. EMAIL UPDATES KEEP SENIOR MANAGEMENT OF MEMBER COMPANIES ABREAST OF SIGNIFICANT DEVELOPMENTS IMPACTING U.S. INTERNATIONAL BUSINESS, COUNCIL STANCES ON CRITICAL LEGISLATIVE MATTERS, AND FORTHCOMING EVENTS OF PARTICULAR SIGNIFICANCE. MOREOVER, LONGER BRIEFS AND PUBLIC COMMENTS PROVIDED BY COUNCIL COMMITTEE MEMBERS AND STAFF REFLECT THEIR EXPERTISE IN THE FIELD. TRADE AND TAX MATTERS IS A WEEKLY COMPILATION OF NFTC ACTIVITIES AND EVENTS FEATURING SUMMARIES OF PERTINENT NEWS STORIES FROM LEADING PUBLICATIONS. THUS, IT PROVIDES MEMBERS COMPREHENSIVE INSIGHTS INTO ONGOING DEVELOPMENTS AND THE COUNCIL'S ENGAGEMENTS. FORM 990, PAGE 2, PART III, LINE 4B NFTC LED A UNIQUE COALITION ON NATIONAL SECURITY AND COMPETITIVENESS ISSUES. BUILDING ON NFTC'S HISTORY OF LEADERSHIP ON EXPORT CONTROLS AND SANCTIONS ISSUES, ITS ALLIANCE WILL HELP LEAD BUSINESS COMMUNITY ENGAGEMENT ON NATIONAL SECURITY AND COMPETITIVENESS AND SERVE AS A PARTNER TO THE GOVERNMENT TO INFORM POLICYMAKING. THROUGHOUT THE FISCAL YEAR, THE COUNCIL MAINTAINED ITS LEADERSHIP ROLE IN ADDRESSING VARIOUS INTERNATIONAL TAX POLICY ISSUES. THESE EFFORTS ENCOMPASSED ENGAGEMENT WITH INTERNATIONAL ORGANIZATIONS TO INFLUENCE GLOBAL TAX POLICY DISCUSSIONS, COLLABORATION WITH THE ADMINISTRATION AND CONGRESS TO SHAPE U.S. TAX LEGISLATION AND REGULATIONS PERTAINING TO INTERNATIONAL INVESTMENT AND TRADE, AND ONGOING LEADERSHIP IN NEGOTIATING BILATERAL TAX TREATIES. THE COUNCIL CONTINUED TO LEAD ENGAGEMENT THROUGH ITS SPECIAL PROJECT ON THE WORLD TRADE ORGANIZATION AND THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT TO FACILITATE SUCCESSFUL MULTILATERAL TRADE NEGOTIATIONS AND POLICY INITIATIVES. ALL THESE INITIATIVES HAVE PROVIDED INVALUABLE INFORMATION AND SUPPORT TO MANY OF OUR MEMBER COMPANIES WITH INTERNATIONAL OPERATIONS. MOREOVER, THE COUNCIL INTENSIFIED ITS EFFORTS IN GLOBAL SUPPLY CHAIN POLICIES TO ENHANCE TRANSPARENCY AND PREDICTABILITY IN IMPORT REQUIREMENTS. BALANCING THE ROLES OF GOVERNMENT ENFORCEMENT AND PRIVATE SECTOR INVOLVEMENT THROUGH PARTNERSHIP AND RISK MANAGEMENT PRINCIPLES, THESE EFFORTS AIM TO PROMOTE COMPLIANCE WITH U.S. TRADE LAWS AND BOLSTER SUPPLY CHAIN RESILIENCE, ULTIMATELY FACILITATING THE EFFICIENT PROVISION OF PRODUCTS AND SERVICES. 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 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VII JOHN PICKEL WAS HIRED IN JAN, 2023 THEREFORE NO COMP TO REPROT FROM 2022 W-2. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 7,955 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 295596 TOTAL AMOUNT PAID