Nonprofit · EIN 32-0099085
BUSACC
Tax-exempt · HOUSTON, TX 77057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,788,552 | $2,176,418 | $612,134 | $1,227,882 | $95,475 | $1,132,407 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,357,535
- Membership dues
- $1,357,535
- Program service revenue
- $1,410,383
- Investment income
- $20,631
- Net gain from sales of assets
- -$5,808
- Other revenue
- $3
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $325,416
- Other salaries and wages
- $355,808
- Salaries, compensation and benefits (total)
- $770,117
- Professional fundraising fees
- $0
- Accounting fees
- $350
- Travel
- $1,002,344
- Depreciation
- $305
- Program services (functional)
- $1,139,511
- Management and general (functional)
- $570,670
- Fundraising (functional)
- $466,237
Balance sheet and other
- Total assets, start of year
- $1,104,336
- Total assets, end of year
- $1,227,882
- Total liabilities, end of year
- $95,475
- Net assets, end of year
- $1,132,407
- Gross receipts
- $2,794,360
- Employees
- 8
- Year formed
- 2004
- State of legal domicile
- TX
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 | Other / benefits |
|---|---|---|---|---|
| AIDA ARAISSI | PRESIDENT Trustee or director, Officer | 40 | $291,959 | $17,517 |
| DAVID L PHILLIPS | CHAIRMAN OF THE BOARD Trustee or director, Officer | 20 | $49,463 | $14,400 |
| DAN BORGEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Aseel Saqer | BOARD Member & secretary Trustee or director | 1 | $0 | $0 |
| WAYNE R DICKEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5718 WESTHEIMER RD, HOUSTON, TX 77057-5745
- In care of
- % AIDA ARAISSI
- Principal officer (990 for 2024)
- Aida Araissi, PO Box 571870, Houston, TX 77257
- Signed the 990
- Aida Araissi, President
- Phone
- (713) 880-8168
- Return prepared by
- EEPB
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 accomplishments
- 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.Expenses $1,461,515 · revenue $1,262,961
- 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.revenue $65,255
- 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.revenue $82,167
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
- 32-0099085
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,227,882
- Income (IRS master file)
- $2,794,360
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,214,938 | $1,196,333 | $898,278 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BUSACC
- What is the EIN of BUSACC?
- The employer identification number (EIN) of BUSACC is 32-0099085.
- Is BUSACC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Which annual return does BUSACC 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 BUSACC 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 BUSACC 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 BUSACC?
- The 990 for the year ended December 31, 2024 names Aida Araissi.
- Who are the officers and directors of BUSACC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $291,959 (AIDA ARAISSI, PRESIDENT).
- How much revenue does BUSACC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,788,552, expenses of $2,176,418 and total assets of $1,227,882 at year end.
Other nonprofits in HOUSTON
- MEMORIAL HERMANN HEALTH SYSTEM EIN 74-1152597 · last filed 990 for 2025
- METHODIST HOSPITAL GROUP EIN 35-2410801 · last filed 990 for 2024
- THE METHODIST HOSPITAL EIN 74-1180155 · last filed 990 for 2024
- BAYLOR COLLEGE OF MEDICINE EIN 74-1613878 · last filed 990 for 2025
- COMMUNITY HEALTH CHOICE TEXAS INC EIN 81-4077507 · last filed 990 for 2022
- WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620 · last filed 990 for 2025
- COMMUNITY HEALTH CHOICE INC EIN 76-0495152 · last filed 990 for 2022
- BAKERRIPLEY EIN 23-7062976 · last filed 990 for 2024