2024-09-10T04:50:35-05:00 2023-12-31 571157523 Aprio LLP 2002 Summit Blvd NE STE 120 Atlanta GA 30319 990 2023-01-01 825425807 Representative of German Business REPR 4152481240 101 Montgomery St Suite 1900 San Francisco CA 94104 Sven Thorsten Potthoff CEO 4152481240 2024-09-05 1 1 Stacy Cullen P00974308 2059915506 2024-09-05 2023 2024-08-08 14:25:15Z Sven Thorsten Potthoff 101 Montgomery St Suite 1900 San Francisco CA 94104 3284064 0 X www.gaccwest.com X 2018 CA The Representative of German Business mission is to support, promote and maximize trade and investment relationships between the Federal Republic of Germany and the U.S.A. 3 2 20 2 0 0 2266324 2483517 273399 358200 0 0 37473 115700 2577196 2957417 0 0 0 0 1701470 1964297 0 0 0 762543 949825 2464013 2914122 113183 43295 2893722 2249254 2565173 1889410 328549 359844 The Representative of German Business mission is to support, promote and maximize trade and investment relationships between the Federal Republic of Germany and the U.S.A. 0 0 358200 As part of Representative of German Business (RGB) services in establishing business presence in the US, RGB offers consulting services. These services include a wide range of integrative options, from detailed market studies to business correspondence services to potential partners. RGB customizes its' services according to each client's needs so that it is able to offer the best business partner referrals. Furthermore, RGB coordinates incentive programs to facilitate companies in exporting to the US. Consulting services include: market studies; office representations; individual business partner arrangement; US market development and VHP USA. With its innovation centers in Silicon Valley, Seattle, Los Angeles and Phoenix, the western United States is one of the most important business locations in the world. Especially Silicon Valley is the driving force behind digitalization. Future trends and potential risk can be identified here, and you can easily get in touch with important technologies and business partners. The Innovation Solutions Team of the Representative of German Business (RGB) is building a bridge to the western United States and Silicon Valley. With the help of an established network of industry, technology, and innovation experts, the RGB supports German companies to master challenges of digitalization. This equips German companies with a decisive competitive advantage. 0 0 0 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 20 0 1 20 1 0 1 GM 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X Mirko Wutzler 4152481240 101 Montgomery St Suite 1900 San Francisco CA 94104 Sven Potthoff President & CEO 38.00 X X 670401 0 33819 Benjamin Leipold Chairman 1.00 X 0 0 0 Thorsten Wilke Vice Chairman 1.00 X 0 0 0 Mirko Wutzler Vice President 38.00 X 169289 0 32110 839690 0 65929 2 0 1 0 0 13240 2470277 2483517 Landing Platform 900099 229840 229840 Consulting Services 541610 114650 114650 Membership Events 900099 13710 13710 358200 326647 326647 0 0 Administration Fees 900099 58315 58315 Currency Fluctuation 900099 36786 36786 Miscellaneous Income 900099 20599 20599 115700 2957417 358200 0 115700 905619 652431 308179 98068 38301 169421 1324 29516 32519 126046 49282 12330 27755 12026 Project Costs 421950 Bad Debt Provision 13000 Membership Events 5010 Entertainment 4394 6951 2914122 1008832 719527 254169 271265 10493 11663 191961 163695 35937 28266 1584291 1218533 2893722 2249254 370023 601623 91917 6269 499875 41143 1603358 1240375 2565173 1889410 X 328549 359844 328549 359844 2893722 2249254 43295 -12000 0 X X 0 1 X 1 0 1 0 0 33026 21062 11964 81864 79166 2698 77071 63467 13604 28266 ROU Assets - Lease 1856193 ROU Assets - Acc depr -720660 Security Deposits 83000 1218533 Lease Liability 1229903 Rent Deposits 10472 1240375 X 3284064 326647 326647 2957417 0 2957417 3240770 326648 326648 2914122 0 2914122 Part X, Line 2: The Internal Revenue Service has determined that the Delegation is exempt from federal income tax under Section 501(c)(6) of the IRC and from state and local income taxes under comparable laws. The Delegation is subject to unrelated business income tax (UBIT), if applicable. There was no UBIT for the years ended December 31, 2023 and 2022. Management has evaluated the Delegation's tax positions for all open tax years and has concluded that the Delegation had taken no uncertain tax positions that require adjustments or disclosures to the financial statements. Part XI, Line 2d - Other Adjustments: Rental Expenses 326,647. Part XII, Line 2d - Other Adjustments: Rental Expenses 326,647. Rounding Adjustment 1. 0 0 0 Sven Potthoff President & CEO 670401 0 0 0 0 0 0 0 33819 0 704220 0 0 0 Mirko Wutzler Vice President 169289 0 0 0 0 0 0 0 32110 0 201399 0 0 0 Form 990, Part VI, Section A, line 6 The Representative of German Business (RGB) is controlled by the Deutsche Industrie- und Handelskammer (DIHK), a German organization with its headquarters in Berlin, Germany. Form 990, Part VI, Section A, line 7a The DIHK as a stockholder can elect directors of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm in conjunction with the RGB's financial department. The Form 990 is reviewed in detail by RGB's financial personnel prior to its filing with the Internal Revenue Service. A copy of the Form 990 is provided only to certain members of the organization's governing body for review as some of the members are located outside of the US. Members who receive a copy of the Form 990 are the President & CEO who is a director of the board and an officer of the organization. Form 990, Part VI, Section B, line 12c A description of the conflict of interest policy is part of the Employee Handbook which every employee receives and has to sign at the beginning of employment. In addition, the policy is monitored and enforced on an annual basis. The RGB provides employees with a refresher of onboarding information, including conflict of interest, confidentiality, and sexual harassment. This is done in a company meeting format. There is no process in place to document that employees have received and agreed to this information, but rather simply a reminder that they have already agreed to these policies while employed by us. Form 990, Part VI, Section B, line 15 The top management official of the organization, the President and CEO, has his compensation determined by the Deutsche Industrie- und Handelskammer. All salary decisions for the officers of the organization are reviewed and approved by the Board of Directors and the Deutsche Industrie- und Handelskammer. Form 990, Part VI, Section C, line 19 Form 990, Part VI, Section A, Line 9 The following individuals cannot be reached at the organization's address. The address where they are reachable is included below: Mr. Benjamin Leipold Breite Strasse 29 10178 Berlin, Germany Mr. Thorsten Wilke Breite Strasse 29 10178 Berlin, Germany Form 990, Part VI, Section B, Line 19 The organization makes its financial statements available to the general public at its annual board meeting which is open to all members of the organization. The organization's conflict of interest policy and other governing documents are available upon request and at management's discretion. Form 990, Part XII, Line 2c: The organization has not changed either its oversight process or selection process during the tax year. Deutsche Industrie- und Handelskammer Breite Strasse 29 Berlin GM 10178 Support Trade GM NA NA N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 Deutsche Industrie- und Handelskammer J 187000 Actual Value Deutsche Industrie- und Handelskammer S 39000 Actual Value