TY 2017 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-1150

2019

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
AMERICAN ROMANIAN BUSINESS COUNCIL

Number and street (or P. O. box, if mail is not delivered to street address)701 8TH STREET NW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code WASHINGTON, DC20001

D Employer identification number

45-4174114

E Telephone number

(202) 659-8201

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE AMERICAN ROMANIAN BUSINESS COUNCIL STRIVES TO EXPAND THE US-ROMANIAN TRADE AND INVESTMENT TO A WIDE VARIETY OF BUSINESS SECTORS. BASED UPON THE REQUIREMENTS AND NEEDS OF ITS MEMBERS. THE COUNCIL CAN DESIGN SECTOR SPECIFIC EVENTS GEARED TO PROMOTE TRADE AND EXPAND OPPORTUNITY IN AGRICULTURE, AVIATION, TELECOMMUNICATIONS, TECHNOLOGY, TOURISM, BANKING AND FINANCE.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 PARTICIPATION IN THE 2017 U.S. COMMERCE DEPARTMENT'S TRADE WINDS CONFERENCE HOSTED IN BUCHAREST, ROMANIA TO PROMOTE U.S. BUSINESS IN ROMANIA AND THE REGION. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 LUNCH AND RECEPTION TO HOST DEFENSE MINISTER OF ROMANIA FOR DISCUSSIONS ON OPPORTUNITIES FOR AMERICAN PARTICIPATION AND COOPERATION IN ROMANIAN MILITARY PROCUREMENT PROGRAMS. (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 PROVIDED SPONSORSHIP OF THE ROMANIA EMBASSY'S NATIONAL DAY CELEBRATION TO PROMOTE MEMBERS' INTEREST IN INCREASING THE US-ROMANIAN COMMERCIAL RELATIONSHIP. (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
ERIC STEWART PRESIDENT	5.00	0
LUKE MYERS VICE PRESIDE	2.00	0
ELAINE SNYDER FINANCE DIRE	2.00	0
MIKE SKAHILL CHAIRMAN	0.50	0
KATE IRVIN SECRETARY	0.50	0
LORAINE RIFFLE HAWLEY TREASURER	0.50	0
YELDA GUVEN VICE CHAIRMA	0.50	0
NICHOLAS COSENZA IMMEDIATE PA	0.50	0
BRYAN LOPP BOARD MEMBER	0.50	0
DAVID TALBOT BOARD MEMBER	0.50	0
YOLA JOHNSTON BOARD MEMBER	0.50	0
CHANG OH BOARD MEMBER	0.50	0
KRZYSZTOF WOJCIECHOWSKI BOARD MEMBER	0.50	0
AMANDA HORAN BOARD MEMBER	0.50	0
CHUCK BUSICK BOARD MEMBER	0.50	0
MAURO FARINELLI BOARD MEMBER	0.50	0
DOUG GOUDIE BOARD MEMBER	0.50	0
STEVE JACOBS BOARD MEMBER	0.50	0
CAROLINE COOPER BOARD MEMBER	0.50	0
BEN SMITH BOARD MEMBER	0.50	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation

Return Reference	Explanation
FORM 990-EZ, PART I, LINE 16	EXPENSES OFFICE EXPENSE 48 TRAVEL EXPENSE 13,890 CONFERENCE & MEETING EXPENSE 20,303 INSURANCE EXPENSE 185 FAX/TELEPHONE 1,032 BANK FEES 80 BUSINESS MEALS 495 REGISTRATION FEES 119 MISCELLANEOUS 381 RSEARCH/SUPPORT SERVICES 54 WEB MAINTENANCE 467 TOTAL 37,054
FORM 990-EZ, PART II, LINE 24	ACCOUNTS RECEIVABLE 75,150 38,225 TOTAL 75,150 38,225
FORM 990-EZ, PART II, LINE 26	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 13,365 38,385
FORM 990-EZ, PART III	THE AMERICAN ROMANIAN BUSINESS COUNCIL STRIVES TO EXPAND THE US-ROMANIAN TRADE AND INVESTMENT TO A WIDE VARIETY OF BUSINESS SECTORS. BASED UPON THE REQUIREMENTS AND NEEDS OF ITS MEMBERS. THE COUNCIL CAN DESIGN SECTOR SPECIFIC EVENTS GEARED TO PROMOTE TRADE AND EXPAND OPPORTUNITY IN AGRICULTURE, AVIATION, TELECOMMUNICATIONS, TECHNOLOGY, TOURISM, BANKING AND FINANCE.

Return Reference

Explanation

FORM 990-EZ, PART I, LINE 16

EXPENSES OFFICE EXPENSE 48 TRAVEL EXPENSE 13,890 CONFERENCE & MEETING EXPENSE 20,303 INSURANCE EXPENSE 185 FAX/TELEPHONE 1,032 BANK FEES 80 BUSINESS MEALS 495 REGISTRATION FEES 119 MISCELLANEOUS 381 RSEARCH/SUPPORT SERVICES 54 WEB MAINTENANCE 467 TOTAL 37,054

FORM 990-EZ, PART II, LINE 24

ACCOUNTS RECEIVABLE 75,150 38,225 TOTAL 75,150 38,225

FORM 990-EZ, PART II, LINE 26

ACCOUNTS PAYABLE AND ACCRUED EXPENSES 13,365 38,385

FORM 990-EZ, PART III

THE AMERICAN ROMANIAN BUSINESS COUNCIL STRIVES TO EXPAND THE US-ROMANIAN TRADE AND INVESTMENT TO A WIDE VARIETY OF BUSINESS SECTORS. BASED UPON THE REQUIREMENTS AND NEEDS OF ITS MEMBERS. THE COUNCIL CAN DESIGN SECTOR SPECIFIC EVENTS GEARED TO PROMOTE TRADE AND EXPAND OPPORTUNITY IN AGRICULTURE, AVIATION, TELECOMMUNICATIONS, TECHNOLOGY, TOURISM, BANKING AND FINANCE.

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	117,150
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b
c	Less: direct expenses from gaming and fundraising events ...	6c
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	117,150

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-66,022
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	133,517
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	67,495

Sign Here

	Signature of officer	Date

	Type or print name and title

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	146,118
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	37,054
17	Total expenses. Add lines 10 through 16 .................	17	183,172

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2016	(b) 2017	(c) 2018	(d) 2019	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

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