INTERNATIONAL SOCIETY OF TRANSPORT: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL SOCIETY OF TRANSPORT (EIN 54-1742507)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349311321
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T11:57:10-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 260794367 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UHY ADVISORS MID-ATLANTIC INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8601 ROBERT FULTON DRIVE SUITE 210 | AddressLine1Txt |
| City | COLUMBIA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21046 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541742507 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL SOCIETY OF TRANSPORT | BusinessNameLine1Txt |
| Business Name Line2 | AIRCRAFT TRADING FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 3123215169 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 N WABASH AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANET HUYNH | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 3123215169 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATSIARYNA VASILIEV | PreparerPersonNm |
| PTIN | P02167272 | PTIN |
| Phone | 4107205220 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JANET HUYNH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 N WABASH AVENUE | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,519,615 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FOUNDATION.ISTAT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,504,779 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,054,076 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $143,530 | PYInvestmentIncomeAmt |
| CY Investment Income | $248,795 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$6,756 | PYOtherRevenueAmt |
| CY Other Revenue | $4,170 | CYOtherRevenueAmt |
| PY Total Revenue | $1,641,553 | PYTotalRevenueAmt |
| CY Total Revenue | $1,307,041 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,725,214 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $604,796 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $11,020 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $379,301 | PYOtherExpensesAmt |
| CY Other Expenses | $412,930 | CYOtherExpensesAmt |
| PY Total Expenses | $2,104,515 | PYTotalExpensesAmt |
| CY Total Expenses | $1,017,726 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$462,962 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $289,315 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,523,764 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,820,859 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $697,288 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $108,953 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,826,476 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,711,906 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $802,598 | ExpenseAmt |
| Grant | $604,796 | GrantAmt |
| Desc | THE FOUNDATION SUPPORTS FIVE PROGRAMS THAT FOSTER INTEREST IN, CREATE OPPORTUNITIES FOR, AND PROVIDE ASSISTANCE TO THE GLOBAL AVIATION COMMUNITY. THESE PROGRAMS INCLUDE PROVIDING SCHOLARSHIPS TO ACADEMICALLY-QUALIFIED STUDENTS PURSUING AN AVIATION-RELATED DEGREE AT AN ACCREDITED UNIVERSITY; INTERNSHIP OPPORTUNITIES FOR STUDENTS SEEKING CAREERS IN AVIATION; GRANTS TO EDUCATIONAL INSTITUTIONS, MUSEUMS AND OTHER NONPROFIT ORGANIZATIONS THAT NEED FUNDING TO STIMULATE COMMERCIAL AVIATION INTEREST AT VARIOUS ACADEMIC LEVELS; HUMANITARIAN AID EFFORTS, WHEREIN COMMERCIAL AVIATION PLAYS A ROLE; AND STUDENTS THE OPPORTUNITY TO PARTICIPATE IN AN ISTAT UNIVERSITY CERTIFICATE PROGRAM FOCUSING ON AVIATION FINANCE. | Desc |
| Total Program Service Expenses | $802,598 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITHBUCKLIN CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3123215169 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 NORTH WABASH AVENUE SUITE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Institutional TrusteeInstitutionalTrusteeInd |
|---|---|---|---|---|---|---|---|
| SIGTHOR EINARSSON | |||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PETER HUIJBERS | |||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GERRY LADERMAN | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CHRISTINE ROVELLI | |||||||
| VICE TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARY PRETTYMAN | |||||||
| ISTAT PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DEAN GERBER | |||||||
| ISTAT PAST PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOEY JOHNSEN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTEN CHMIELEWSKI | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BRUCE DANKBERG | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NICK FADUGBA | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD GOODHEAD | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| AYOMIDE JIDEOMOLE | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW LA STELLA | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TRACEY O'BRIEN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JEAN B STEIN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK STREETER | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOEL WAGNER | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD WALL | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MEGAN KING | |||||||
| EXECUTIVE DIRECTOR - SMITHBUKLIN | 2.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITHBUCKLIN CORPORATION | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300N WABASH AVE SUITE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | MANAGEMENT SERVICES | ServicesDesc |
| Compensation | $341,076 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $336,950 | FundraisingAmt |
| Related Organizations | $557,497 | RelatedOrganizationsAmt |
| All Other Contributions | $159,629 | AllOtherContributionsAmt |
| Total Contributions | $1,054,076 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143,873 | TotalRevenueColumnAmt |
| Exclusion | $143,873 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,202,715 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,097,793 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $104,922 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $104,922 | TotalRevenueColumnAmt |
| Exclusion | $104,922 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $34,358 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $336,950 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $114,781 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$80,423 | TotalRevenueColumnAmt |
| Exclusion | -$80,423 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $84,593 | TotalRevenueColumnAmt |
| Exclusion | $84,593 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $84,593 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,307,041 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $252,965 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,718 | TotalAmt |
| Program Services | $88,718 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,670 | TotalAmt |
| Program Services | $205,670 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,408 | TotalAmt |
| Program Services | $310,408 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,523 | TotalAmt |
| Program Services | $140,356 | ProgramServicesAmt |
| Management And General | $137,267 | ManagementAndGeneralAmt |
| Fundraising | $6,900 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,880 | TotalAmt |
| Management And General | $12,880 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,552 | TotalAmt |
| Management And General | $28,552 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $77,498 | $55,501 | $17,877 | $4,120 |
| MEETINGS AND HOSPITALIT | $9,477 | $1,945 | $7,532 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,017,726 | TotalAmt |
| Program Services | $802,598 | ProgramServicesAmt |
| Management And General | $204,108 | ManagementAndGeneralAmt |
| Fundraising | $11,020 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $639,934 | BOYAmt |
| EOY | $597,593 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,342 | BOYAmt |
| EOY | $159,159 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,552,488 | BOYAmt |
| EOY | $6,064,107 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,523,764 | BOYAmt |
| EOY | $6,820,859 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $693,063 | BOYAmt |
| EOY | $78,779 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,225 | BOYAmt |
| EOY | $15,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $15,174 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $697,288 | BOYAmt |
| EOY | $108,953 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,808,718 | BOYAmt |
| EOY | $4,609,517 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,017,758 | BOYAmt |
| EOY | $2,102,389 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,826,476 | BOYAmt |
| EOY | $6,711,906 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,523,764 | BOYAmt |
| EOY | $6,820,859 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $289,315 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $788,763 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$192,648 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,135,449 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,544,280 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,161,915 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,504,779 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,054,076 | CurrentTaxYearAmt |
| Total | $6,400,499 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,135,449 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,544,280 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,161,915 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,504,779 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,054,076 | CurrentTaxYearAmt |
| Total | $6,400,499 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,217,142 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,183,357 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $144,223 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116,530 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $200,775 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $159,409 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $143,873 | CurrentTaxYearAmt |
| Total | $764,810 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,300 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $84,593 | CurrentTaxYearAmt |
| Total | $95,893 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,261,202 | TotalSupportAmt |
| Public Support CY170 | 0.30070 | PublicSupportCY170Pct |
| Public Support PY170 | 0.30060 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION SUPPORTS FIVE PROGRAMS THAT FOSTER INTEREST IN, CREATE OPPORTUNITIES FOR, AND PROVIDE ASSISTANCE TO THE GLOBAL AVIATION COMMUNITY. THESE PROGRAMS INCLUDE PROVIDING SCHOLARSHIPS TO ACADEMICALLY-QUALIFIED STUDENTS PURSUING AN AVIATION-RELATED DEGREE AT AN ACCREDITED UNIVERSITY; INTERNSHIP OPPORTUNITIES FOR STUDENTS SEEKING CAREERS IN AVIATION; GRANTS TO EDUCATIONAL INSTITUTIONS, MUSEUMS AND OTHER NONPROFIT ORGANIZATIONS THAT NEED FUNDING TO STIMULATE COMMERCIAL AVIATION INTEREST AT VARIOUS ACADEMIC LEVELS; HUMANITARIAN AID EFFORTS, WHEREIN COMMERCIAL AVIATION PLAYS A ROLE; AND STUDENTS THE OPPORTUNITY TO PARTICIPATE IN AN ISTAT UNIVERSITY CERTIFICATE PROGRAM FOCUSING ON AVIATION FINANCE. AS SUCH, ALTHOUGH THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGES WERE 30.13% AND 30.06% AT DECEMBER 31, 2023 AND 2022, RESPECTIVELY, THE FOUNDATION SHOULD QUALIFY FOR PUBLIC CHARITY STATUS UNDER THE FACTS AND CIRCUMSTANCES TEST BECAUSE: * PUBLIC SUPPORT RECEIVED BY THE FOUNDATION WAS MORE THAN 10% OF THE TOTAL SUPPORT NORMALLY RECEIVED BY THE ORGANIZATION. * THE FOUNDATION MAINTAINED DEFINITIVE PROGRAMS FOR ACCOMPLISHING ITS CHARITABLE WORK. * THE FOUNDATION MAINTAINED A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITING FUNDS. * THE COMPOSITION OF THE FOUNDATION'S BOARD OF DIRECTORS CONSISTS OF PROFESSIONAL REPRESENTING THE BOARD INTERESTS OF ITS MEMBERS TO SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,054,793 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $199,460 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,254,253 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,309,480 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$254,687 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,054,793 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,115,296 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $194,184 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,309,480 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | Desc |
| Amt | $15,174 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,174 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,182,033 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $788,763 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $114,781 | OtherRevenueAmt |
| Revenue Not Reported | $903,544 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,278,489 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $28,552 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $28,552 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,307,041 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,103,955 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $114,781 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $114,781 | ExpensesNotReportedAmt |
| Expenses Subtotal | $989,174 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $28,552 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $28,552 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,017,726 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ISTAT FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF ANY NET UNRELATED BUSINESS INCOME IN EXCESS OF A $1,000 SPECIFIC DEDUCTION. THE ISTAT FOUNDATION REPORTED NO SUCH INCOME FOR THE YEAR ENDED DECEMBER 31, 2023 OR 2022. ALTHOUGH THE ISTAT FOUNDATION HAS DETERMINED IT IS NOT REQUIRED TO RECORD A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 OR 2022. THE ISTAT FOUNDATION HAS NOT RECEIVED ANY NOTICE OF EXAMINATION FROM THE INTERNAL REVENUE SERVICE, AND THE ISTAT FOUNDATION'S FEDERAL INFORMATION RETURNS FOR 2020 THROUGH 2023 REMAIN SUBJECT TO EXAMINATION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES 114,781. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DIRECT FUNDRAISING EXPENSES 114,781. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EAST ASIA & PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS | $40,200 |
| EUROPE | 0 | 0 | GRANTS TO RECIPIENTS | $259,934 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $20,780 |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS | $13,200 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $335,114 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $335,114 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (5 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| EAST ASIA & PACIFIC | GRANTS | $10,000 | WIRE | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | HUMANITARIAN AID | $55,000 | WIRE | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GRANTS | $7,373 | WIRE | $0 |
| SUB-SAHARAN AFRICA | GRANTS | $17,000 | WIRE | $0 |
| SOUTH AMERICA | GRANTS | $8,500 | WIRE | $0 |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|---|
| SCHOLARSHIP AWARDS | EAST ASIA & PACIFIC | 5 | $26,700 |
| SCHOLARSHIP AWARDS | EUROPE | 15 | $193,561 |
| SCHOLARSHIP AWARDS | MIDDLE EAST & NORTH AFRICA | 1 | $1,000 |
| SCHOLARSHIP AWARDS | SUB-SAHARAN AFRICA | 2 | $3,780 |
| SCHOLARSHIP AWARDS | SOUTH AMERICA | 1 | $4,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | EVERY GRANT PROPOSAL IS VETTED TO ENSURE BASIC AND REASONABLE DUE DILIGENCE. THE VETTING PROCESS FOR GRANTS OVER $10,000 INCLUDES THE REVIEW OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE ENDORSEMENT OF A TRUSTED THIRD PARTY. FOR NON-PROFIT, NONGOVERNMENTAL ORGANIZATIONS/INSTITUTIONS BASED OUTSIDE OF THE UNITED STATES. THE FOLLOWING MUST BE MET TO OBTAIN A GRANT 1) IT MUST BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR OTHER EXEMPT PURPOSES; 2) IT MUST BE OPERATED EXCLUSIVELY FOR SPECIFIED CHARITABLE PURPOSES; 3) EITHER ITS COUNTRY'S LAWS AND CUSTOMS, OR ITS GOVERNING DOCUMENTS, PROHIBIT SUBSTANTIAL NON-CHARITABLE ACTIVITIES OR LOBBYING; 4) EITHER IT'S COUNTRY'S LAWS OR CUSTOMS, OR THE ORGANIZATION'S GOVERNING DOCUMENTS, PROHIBIT ANY DIRECT OR INDIRECT INTERVENTION IN A POLITICAL CAMPAIGN, 5) EITHER IT'S COUNTRY'S LAWS AND CUSTOMES, OR THE ORGANIZATION'S GOVERNING DOCUMENTS, PROHIBIT ANY OF ITS ASSETS OR INCOME TO BENEFIT A PRIVATE PERSON; AND 6) UPON DISSOLUTION ITS ASSETS MUST BE DISTRIBUTED TO ANOTHER NONPROFIT ORGANIZATION FOR EITHER A CHARITABLE OR OTHER EXEMPT PURPOSE OR TO A GOVERNMENT ENTITY. FAILURE TO DEMONSTRATE COMPLIANCE WITH THE NONPROFIT ORGANIZATION STANDARDS STATED ABOVE MY RESULT IN THE REVOCATION OF GRANT FUNDS. IN ADDITION, GRANT RECIPIENTS ARE ALSO REQUIRED TO ACKNOWLEDGE THE FOLLOWING IN A SIGNED GRANT AGREEMENT TO OBTAIN FUNDING: 1) THEY WILL PROVIDE THE FOUNDATION WITH A WRITTEN REPORT SUMMARIZING THE PROGRAM/PROJECT PROMPTLY FOLLOWING THE PERIOD IN WHICH ALL GRANT FUNDS HAVE BEEN USED; 2) THEY WILL REPORT HOW THEY ACHIEVED THE PURPOSE OF THE GRANT AND INCLUDE A DETAILED ACCOUNTING OF THE USES OR EXPENDITURE OF ALL GRANTS; AND 3) THEY WILL PROVIDE ANY OTHER INFORMATION REASONABLY REQUESTED BY THE FOUNDATION. IN DOING SO, IT IS RECOMMENDED THEY PROVIDE OR VIDEOS OF THE FUNDED PROGRAM/PROJECT AND IF THE GRAN RECIPIENT OBTAIN AUDITED FINANCIAL STATEMENTS COVERING ANY PART OF THE GRANT PERIOD THEY ARE REQUESTED AS WELL. GRANT RECIPIENTS ARE ALSO REQUIRED TO KEEP FINANCIAL RECORDS RELATED TO THE GRANT, ALONG WITH COPIES OF ANY REPORTS SUBMITTED TO THE FOUNDATION FOR AT LEAST FOUR YEARS FOLLOWING THE YEAR IN WHICH ALL GRANT FUNDS ARE FULLY EXPENDED. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF | Event1Nm |
| Gross Receipts Event1 | $371,308 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $336,950 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $34,358 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $114,781 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $371,308 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $336,950 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $34,358 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $114,781 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $114,781 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$80,423 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| WINGS OF HOPE INC | ||||||||
| 18370 WINGS OF HOPE BLVD | ST LOUIS | MO | 63005 | 430909606 | 501(C)(3) | $0 | $6,000 | HUMANITARIAN AWARD |
| AIR CAMP INC | ||||||||
| PO BOX 752332 | DAYTON | OH | 45475 | 272186089 | 501(C)(3) | $0 | $7,300 | 2023 GRANT |
| NATIONAL AVIATION HALL OF FAME | ||||||||
| 1100 SPAATZ ST | DAYTON | OH | 45433 | 237117952 | 501(C)(3) | $0 | $10,000 | 2023 GRANT |
| EMBRY RIDDLE AERONAUTICAL UNIVERSITY | ||||||||
| 1 AEROSPACE BLVD | DAYTONA BEACH | FL | 32114 | 590936101 | 501(C)(3) | $0 | $21,444 | 2023 GRANT, ISTAT U |
| MUSEUMS AT MITCHEL | ||||||||
| 1 DAVIS AVE | GARDEN CITY | NY | 11530 | 113558761 | 501(C)(3) | $0 | $5,250 | 2023 GRANT |
| INTERNATIONAL AVIATION WOMEN'S ASSOCIATION | ||||||||
| 19 MANTUA RD | MOUNT ROYAL | NJ | 02061 | 954277780 | 501(C)(6) | $0 | $14,600 | 2023 GRANT |
| INTREPID MUSEUM FOUNDATION INC | ||||||||
| WEST 46TH STREET AND 12TH AVENUE | NEW YORK | NY | 10036 | 133062419 | 501(C)(3) | $0 | $10,000 | 2023 GRANT |
| WE WERE ONCE THEM | ||||||||
| 336 BESSIE COLEMAN BLVD | WAXAHACHIE | TX | 75165 | 824827784 | 501(C)(3) | $0 | $10,000 | 2023 GRANT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS | 31 | $194,170 |
| STIPEND | 3 | $7,500 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | EVERY GRAN PROPOSAL IS VETTED TO ENSURE BASIC AND REASONABLE DUE DILIGENCE. THE VETTING PROCESS FOR GRANTS OVER $10,000 INCLUDES THE REVIEW OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE ENDORSEMENT OF A TRUSTED THIRD PARTY. FOR NON-PROFIT, NONGOVERNMENTAL ORGANIZATIONS/INSTITUTIONS BASED IN THE UNITED STATES, THE FOLLOWING MUST BE MET TO OBTAIN A GRANT 1) IT MUST BE CURRENTLY RECOGNIZED BY THE INTERNAL REVENUE SERVICES (IRS) AS A PUBLIC CHARITY DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1), (2), OR (3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE CODE); 2) IT'S TAX-EXEMPT STATUS UNDER SECTIONS 501(C)(3) AND 509 (A) OF THE CODE HAS NOT CHANGED SINCE THE ISSUANCE OF THE IRS DETERMINATION LETTER PROVIDED TO THE FOUNDATION; AND 3) IT MUST HAVE NO ISSUES PRESENTLY PENDING BEFORE ANY OFFICE OF THE IRS THAT COULD RESULT IN ANY PROPOSED CHANGES TO ITS TAX-EXEMPT STATUS UNDER SECTIONS 501(C)(3) OR 509(A) OF THE CODE. FAILURE TO DEMONSTRATE COMPLIANCE WITH THE NONPROFIT ORGANIZATION STANDARDS ABOVE MAY RESULT IN THE REVOCATION OF GRANT FUNDS. IN ADDITION, GRANT RECIPIENTS ARE ALSO REQUIRED TO ACKNOWLEDGE THE FOLLOWING IN A SIGNED GRANT AGREEMENT TO OBTAIN FUNDING: 1) THEY WILL PROVIDE THE FOUNDATION WITH A WRITTEN REPORT SUMMARIZING THE PROGRAM/PROJECT PROMPTLY FOLLOWING THE PERIOD IN WHICH ALL GRANT FUNDS HAVE BEEN USED; 2) THEY WILL REPORT HOW THEY ACHIEVED THE PURPOSE OF THE GRANT AND INCLUDE A DETAILED ACCOUNTING OF THE USES OR EXPENDITURE OF ALL GRANTS; AND 3) THEY WILL PROVIDE ANY OTHER INFORMATION REASONABLY REQUESTED BY THE FOUNDATION. IN DOING SO, IT IS RECOMMENDED THEY PROVIDE OR VIDEOS OF THE FUNDED PROGRAM/PROJECT AND IF THE GRAN RECIPIENT OBTAIN AUDITED FINANCIAL STATEMENTS COVERING ANY PART OF THE GRANT PERIOD THEY ARE REQUESTED AS WELL. GRANT RECIPIENTS ARE ALSO REQUIRED TO KEEP FINANCIAL RECORDS RELATED TO THE GRANT, ALONG WITH COPIES OF ANY REPORTS SUBMITTED TO THE FOUNDATION FOR AT LEAST FOUR YEARS FOLLOWING THE YEAR IN WHICH ALL GRANT FUNDS ARE FULLY EXPENDED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE FOUNDATION HAS DELEGATED THE MANAGEMENT OF ITS DAILY OPERATIONS TO SMITHBUCKLIN CORPORATION IN CHICAGO. SMITHBUCKLIN CORPORATION IS A MANAGEMENT COMPANY WHICH MANAGES ALL ASPECTS OF THE FOUNDATION IN ACCORDANCE WITH THE FOUNDATION'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATION, FINANCE AND ACCOUNTING, EVENT MANAGEMENT, EDUCATION, AND INFORMATION TECHNOLOGY. SMITHBUCKLIN CORPORATION EMPLOYEES PROVIDE THESE SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FOUNDATION'S 990 IS PREPARED BY INDEPENDENT PUBLIC ACCOUNTANTS AND SUBMITTED TO THE FOUNDATION'S MANAGEMENT COMPANY FOR INITIAL REVIEW. THE FORM IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AS THEY ARISE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C | THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. |
| FORM 990, PART XI, LINE 8 | AS A RESULT OF AN INTERNAL REVIEW OF THE ISTAT FOUNDATION'S RECEIVABLES AND PAYABLES, MANAGEMENT IDENTIFIED OVERSTATED AND UNDERSTATED BALANCES RELATED TO PRIOR PERIOD ACTIVITY. THE 2022 FINANCIAL STATEMENTS HAVE BEEN RESTATED TO REFLECT THE ACCURATE BALANCES OF THE ACCOUNTS MANAGEMENT REVIEWED AND SUBSEQUENTLY CORRECTED. THE EFFECT OF THE RESTATEMENT ON THE CHANGE IN NET ASSETS AS OF DECEMBER 31, 2022 WAS A DECREASE IN AMOUNT OF $192,648. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 330 N WABASH AVE SUITE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521304567 | EIN |
| Primary Activities | TRADE ASSOCIATION | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(6) | ExemptCodeSectionTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | ||
| C | $557,497 | CASH |
| INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | ||
| E | $15,174 | CASH |