2023-05-04T16:32:06-05:00 2022-06-30 521853933 JM&M 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2021-07-01 521283024 INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INTE 2023671184 2001 K STREET NW 300 WASHINGTON DC 20006 MICHAEL PAYNE PRESIDENT AND CEO 2023671184 2023-05-04 1 MICHAEL PAYNE 999009999 SEAN MCELWANEY P01608821 2022963306 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL PAYNE 2001 K STREET NW 300 WASHINGTON DC 20006 642959 0 X WWW.IAADFS.ORG X 1966 MD TO PROMOTE THE AIRPORT DUTY FREE INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF AIRPORT DUTY FREE STORES AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR DUTY FREE MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE AIRPORT DUTY FREE INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP. 9 9 0 9 0 0 0 0 87848 570754 21541 5230 66975 66975 176364 642959 0 0 0 0 0 0 0 0 0 652904 943852 652904 943852 -476540 -300893 3150720 2781821 105663 37657 3045057 2744164 X TO PROMOTE THE AIRPORT DUTY FREE INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF AIRPORT DUTY FREE STORES AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR DUTY FREE MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE AIRPORT DUTY FREE INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP. 0 0 GOVERNMENT RELATIONS - IAADFS PROVIDES OTHER MEMBERSHIP SERVICES, INCLUDING AN ONGOING GOVERNMENT RELATIONS PROGRAM WHICH MONITORS ACTIVITIES THAT MIGHT HAVE AN IMPACT ON IAADFS MEMBERS AND RESPONDS ACCORDINGLY. CONVENTION - THE DUTY FREE TRADE SHOW IS USUALLY HELD DURING THE SPRING IN FLORIDA. THIS ANNUAL EVENT PROVIDES A FORUM FOR THE DEVELOPMENT OF COMMUNICATION AND BUSINESS RELATIONSHIPS BETWEEN BUYERS AND SELLERS OF DUTY FREE PRODUCTS. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 0 0 0 X SMITHBUCKLIN 2023671184 2001 K STREET NW 300 WASHINGTON DC 20006 X RENE RIEDI CHAIRMAN 1.00 X X 0 0 0 ENRIQUE URIOSTE VICE PRESIDENT 1.00 X X 0 0 0 PADRAIG DRENNAN SECRETARY/TREASURER 1.00 X X 0 0 0 DAVID BERNSTEIN DIRECTOR 1.00 X 0 0 0 MICHAEL HALPERN DIRECTOR 1.00 X 0 0 0 PHILIP HANCOCK DIRECTOR 1.00 X 0 0 0 ERASMO ORILLAC DIRECTOR 1.00 X 0 0 0 LOUIS SNELDERS DIRECTOR 1.00 X 0 0 0 NUNO DO AMARAL DIRECTOR 1.00 X 0 0 0 MICHAEL PAYNE PRESIDENT AND CEO 40.00 X 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 2001 K STREET NW 300 WASHINGTON DC 20006 MANAGEMENT, INCL. EXEC. DIR. COMP 311455 1 CONVENTION 611430 530254 530254 MEMBERSHIP DUES 611710 40500 40500 570754 5230 5230 REFUND 900099 66975 66975 66975 642959 570754 0 72205 422851 1594 9950 175 40874 20012 2430 10871 400340 5515 MISCELLANEOUS 15079 DUES & SUBSCRIPTIONS 14161 943852 39440 62818 3028382 2588369 1350 40851 74786 82954 6762 6829 3150720 2781821 84863 28107 10000 10800 9550 105663 37657 X 3045057 2744164 3045057 2744164 3150720 2781821 -300893 0 X X 0 1 X 1 0 0 0 0 40500 725 71750 72475 0 40500 0 X 642784 0 642784 175 175 642959 943677 0 943677 175 175 943852 PART X, LINE 2: IAADFS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. FORM 990, PART VI, SECTION A, LINE 3 IAADFS ENTERED IN TO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS AGREEMENT, IAADFS MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE FOUR CLASSES OF MEMBERSHIP IN THE ASSOCIATION: AIRPORT STORE CONCESSIONAIRE BUYER MEMBERS: CONCESSIONAIRE BUYER MEMBERS SHALL BE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF A DUTY FREE STORE IN ANY AIRPORT HAVING REGULARLY SCHEDULED INTERNATIONAL FLIGHTS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR CONCESSIONAIRE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER MEMBER. CONCESSIONAIRE BUYER MEMBERS SHALL BE ENTITLED TO ALL BENEFITS OF THE ASSOCIATION AND ARE ELIGIBLE TO SERVE ON THE BOARD AND BECOME OFFICERS OF THE ASSOCIATION. ASSOCIATE BUYER MEMBERS: ASSOCIATE BUYER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF DUTY FREE STORES OUTSIDE OF AIRPORTS, OR OWNERSHIP OR OPERATION OF ANOTHER TRAVEL RETAIL BUSINESS INCLUDING NON-DUTY FREE AIRPORT STORES, AND WHICH HAVE RECEIVED REFERENCES FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS, AND APPROVAL BY THE BOARD OF THE QUALITY AND SUITABILITY OF THEIR PRODUCTS AND BUSINESSES FOR THEIR INCLUSION AS MEMBERS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR ASSOCIATE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER OR ASSOCIATE BUYER MEMBER. ASSOCIATE BUYER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. ASSOCIATE SUPPLIER MEMBERS: ASSOCIATE SUPPLIER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES ENGAGED IN THE BUSINESS OF MANUFACTURING, DISTRIBUTING, SUPPLYING, DEALING IN OR SELLING PRODUCTS OR SERVICES CUSTOMARILY USED OR SOLD BY THE CONCESSIONAIRE BUYER AND/OR ASSOCIATE BUYER MEMBERS OF THE ASSOCIATION IN THEIR DUTY FREE OR TRAVEL RETAIL STORES, PROVIDED THAT ANY INDIVIDUAL, CORPORATION OR OTHER ENTITY APPLYING FOR ASSOCIATE SUPPLIER MEMBERSHIP (THE "APPLICANT") SHALL HAVE OBTAINED A REFERENCE FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS STATING THAT A COMPARABLE PRODUCT OR SERVICE IS BEING SOLD IN A DUTY FREE STORE OPERATED BY THOSE TWO CONCESSIONAIRE BUYER MEMBERS, AND PROVIDED FURTHER THAT THE APPLICANT ITSELF EITHER (1) HAS MADE SALES OF PRODUCTS OR SERVICES TO AT LEAST TWO (2) CONCESSIONAIRE BUYER MEMBERS; OR (2) IN THE JUDGMENT OF THE IAADFS BOARD OF DIRECTORS ("BOARD OF DIRECTORS") PROVIDES AN INNOVATIVE OR NEW PRODUCT, SERVICE, OR LINE OF MERCHANDISE APPLICABLE TO DUTY FREE STORES. ASSOCIATE SUPPLIER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. HONORARY MEMBERS: HONORARY MEMBERSHIP MAY BE CONFERRED BY RECOMMENDATIONS FROM ANY MEMBER UPON APPROVAL BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. HONORARY MEMBERS SHALL RECEIVE ASSOCIATION PUBLICATIONS AND MAY ATTEND CONVENTIONS AND MEETINGS, BUT SHALL NOT HOLD OFFICE, NOR HAVE THE RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION SHALL MEET ANNUALLY TO ELECT A BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO REVIEWS THE FORM 990 AND DISTRIBUTES A COPY TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION OF AN INDEPENDENT AUDITOR PROCESS DURING THE TAX YEAR.