Nonprofit · EIN 20-5107192
BUSINESS FINLAND USA INC
Tax-exempt · WASHINGTON, DC 20008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,975,296 | $2,975,296 | $0 | $67,367 | $55,295 | $12,072 |
| December 31, 2023 | 990 | $2,539,886 | $2,539,886 | $0 | $151,713 | $139,641 | $12,072 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,975,296
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,929,968
- Salaries, compensation and benefits (total)
- $2,246,457
- Professional fundraising fees
- $0
- Legal fees
- $203,032
- Accounting fees
- $62,488
- Occupancy
- $42,160
- Travel
- $250,648
- Management and general (functional)
- $2,975,296
Balance sheet and other
- Total assets, start of year
- $151,713
- Total assets, end of year
- $67,367
- Total liabilities, end of year
- $55,295
- Net assets, end of year
- $12,072
- Land, buildings and equipment
- $9,139
- Gross receipts
- $2,975,296
- Employees
- 0
- Year formed
- 2006
- 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 |
|---|---|---|---|
| PETRI HAAHTI | President Trustee or director, Officer | 40 | $0 |
| MARIANNE ASIKAINEN | Director Trustee or director | 40 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETRI HAAHTI | President Trustee or director, Officer | 40 | $0 |
| MARIANNE ASIKAINEN | Director Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 3301 MASS AVE NW, WASHINGTON, DC 20008-3610
- In care of
- % MAILIINA TURANLAHTI
- Signed the 990
- JUHANI SIREN, OFFICER
- Phone
- (212) 230-2600
- Return prepared by
- Davis Ward & Hochman LLP
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE FINNISH BUSINESSES IN NORTH AMERICA AND RELATED BUSINESS ADVISORY ACTIVITIES. THEY HAVE BEEN PROVIDING BUSINESS ADVICE AND HAVE BEEN PERFORMING THIS SERVICE SINCE INCEPTION AND PLAN TO CONTINUE DOING SO FOR THE FORESEEABLE FUTURE.
Program accomplishments
- In 2020, Business Finland, launched a new funding instrument to help Finnish companies survive the pandemic. We processed nearly 30,000 applications and provided funding for more than 20,000 projects. We granted innovation fund for companies totlaing Eur 486.8 million. In 2021, Business Finland granted 701 million in funding, of which 561 million wen tto companies. In addition, we were able to get EUR 530 Million granted to finish companies.
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
- 20-5107192
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $67,367
- Income (IRS master file)
- $2,975,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,975,296 | $2,975,296 | $67,367 | XML |
| 990 | December 2023 | $2,539,886 | $2,539,886 | $151,713 | XML |
| 990 | December 2022 | $1,844,446 | $1,844,446 | $153,709 | IRS |
| 990 | December 2021 | – | – | – | 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 20-5107192).
Questions about BUSINESS FINLAND USA INC
- What is the EIN of BUSINESS FINLAND USA INC?
- The employer identification number (EIN) of BUSINESS FINLAND USA INC is 20-5107192.
- Is BUSINESS FINLAND USA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2021.
- Are donations to BUSINESS FINLAND USA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUSINESS FINLAND USA 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 BUSINESS FINLAND USA 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 BUSINESS FINLAND USA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of BUSINESS FINLAND USA INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does BUSINESS FINLAND USA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,975,296, expenses of $2,975,296 and total assets of $67,367 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building