2023-11-15T20:36:53-06:00 2022-12-31 260794367 UHY ADVISORS MID-ATLANTIC MD INC 8601 ROBERT FULTON DRIVE SUITE 210 COLUMBIA MD 21046 990 2022-01-01 541742507 INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING FOUNDATION INTE 3123215169 330 N WABASH AVENUE CHICAGO IL 60611 MEGAN KING EXECUTIVE DIRECTOR 3123215169 2023-11-15 1 MEGAN KING 999009999 0 KATSIARYNA VASILIEV P02167272 4107205220 2023-11-15 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MEGAN KING 330 N WABASH AVENUE CHICAGO IL 60611 2885207 0 X WWW.FOUNDATION.ISTAT.ORG X 2006 VA SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. 17 17 0 50 0 0 1161915 1504779 0 0 382392 143530 -10780 -6756 1533527 1641553 914163 1725214 0 0 0 0 0 0 39235 366966 379301 1281129 2104515 252398 -462962 7591416 6523764 71582 697288 7519834 5826476 SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. 0 0 1893681 1725214 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. 1893681 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X SMITHBUCKLIN CORPORATION 3123215169 330 NORTH WABASH AVENUE SUITE 2000 CHICAGO IL 60611 X SIGTHOR EINARSSON CHAIR 2.00 X X 0 0 0 PETER HUIJBERS VICE CHAIR 2.00 X X 0 0 0 GERRY LADERMAN TREASURER 2.00 X X 0 0 0 CHRISTINE ROVELLI VICE TREASURER 2.00 X X 0 0 0 JOEY JOHNSEN DIRECTOR 2.00 X X 0 0 0 MARY PRETTYMAN DIRECTOR 2.00 X 0 0 0 DEAN GERBER DIRECTOR 2.00 X 0 0 0 KRISTEN CHMIELEWSKI DIRECTOR 2.00 X 0 0 0 BRUCE DANKBERG DIRECTOR 2.00 X 0 0 0 NICK FADUGBA DIRECTOR 2.00 X 0 0 0 RICHARD GOODHEAD DIRECTOR 2.00 X 0 0 0 AYOMIDE JIDEOMOLE DIRECTOR 2.00 X 0 0 0 ANDREW LA STELLA DIRECTOR 2.00 X 0 0 0 TRACEY O'BRIEN DIRECTOR 2.00 X 0 0 0 JEAN B STEIN DIRECTOR 2.00 X 0 0 0 MARK STREETER DIRECTOR 2.00 X 0 0 0 JOEL WAGNER DIRECTOR 2.00 X 0 0 0 RICHARD WALL DIRECTOR 2.00 X 0 0 0 MEGAN KING EXECUTIVE DIRECTOR - SMITHBUCKLIN 40.00 X 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 300N WABASH AVE SUITE 2000 CHICAGO IL 60611 MANAGEMENT SERVICES 305038 1 223217 878102 403460 1504779 159409 159409 1161710 1177589 -15879 -15879 -15879 59309 223217 66065 -6756 -6756 1641553 0 0 136774 1030974 1030974 280958 280958 413282 413282 288827 146451 106477 35899 7765 7765 31431 31431 10741 10741 MEETINGS AND HOSPITALIT 21991 5100 16891 MISC 18546 6175 9035 3336 2104515 1893681 171599 39235 230973 639934 165744 331342 7170785 5552488 23914 7591416 6523764 68082 693063 3500 4225 71582 697288 X 5185083 3808718 2334751 2017758 7519834 5826476 7591416 6523764 -462962 -1230396 0 X 0 0 0 X 1292231 1135449 1544280 1161915 1504779 6638654 1292231 1135449 1544280 1161915 1504779 6638654 4363295 2275359 299005 144223 116530 200775 159409 919942 11300 11300 7569896 0.30060 0.25700 X PART II, SECTION C, LINE 17A, FACTS AND CIRCUMSTANCES TEST 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 30.29% AND 25.7% AT DECEMBER 31, 2022 AND 2021, 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1326265 -254687 1071578 1132081 194184 1326265 0 0 0 0 EAST ASIA & PACIFIC GRANTS TO RECIPIENTS 78835 EUROPE GRANTS TO RECIPIENTS 271641 MIDDLE EAST & NORTH AFRICA GRANTS TO RECIPIENTS 33227 SUB-SAHARAN AFRICA GRANTS TO RECIPIENTS 10607 SOUTH AMERICA GRANTS TO RECIPIENTS 18972 0 0 0 0 0 0 413282 0 413282 EAST ASIA & PACIFIC HUMANITARIAN AID 19586 WIRE 0 EUROPE HUMANITARIAN AID 112283 WIRE 0 MIDDLE EAST & NORTH AFRICA HUMANITARIAN AID 30987 WIRE 0 SOUTH AMERICA HUMANITARIAN AID 7000 WIRE 0 SCHOLARSHIP AWARDS EAST ASIA & PACIFIC 9 59249 SCHOLARSHIP AWARDS EUROPE 16 159358 SCHOLARSHIP AWARDS MIDDLE EAST & NORTH AFRICA 1 2240 SCHOLARSHIP AWARDS SUB-SAHARAN AFRICA 2 10607 SCHOLARSHIP AWARDS SOUTH AMERICA 2 11972 0 0 0 0 0 0 PART I, LINE 2: 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 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. PART III ACCOUNTING METHOD: GOLF 282526 223217 59309 66065 282526 223217 59309 66065 66065 -6756 1 INTREPID MUSEUM FOUNDATION INC WEST 46TH STREET AND 12TH AVENUE NEW YORK NY 10036 133062419 501(C)(3) 10000 0 2022 GRANT AIR CAMP INC PO BOX 752332 DAYTON OH 45475 272186089 501(C)(3) 10000 0 2022 GRANT INTERNATIONAL AVIATION WOMEN'S ASSOCIATION 19 MANTUA RD MOUNT ROYAL NJ 02061 954277780 501(C)(6) 7300 0 2022 GRANT WOMEN IN AVIATION INTERNATIONAL 1864 DAYTON GERMANTOWN PIKE UNIT 4 GERMANTOWN OH 45327 371279395 501(C)(3) 15000 0 2022 GRANT PATHWAYS TO AVIATION 855 E 4TH ST RENO NV 89512 810579379 501(C)(3) 15000 0 2022 GRANT OPAS FOUNDATION 1200 DOUGLAS ST OMAHA NE 68102 203523938 501(C)(3) 15000 0 2022 GRANT VIRGINIA AIR AND SPACE CENTER 600 SETTLER LANDING RD HAMPTON VA 23669 541447096 501(C)(3) 7500 0 2022 GRANT NATIONAL AVIATION HALL OF FAME 1100 SPAATZ ST DAYTON OH 45433 237117952 501(C)(3) 7500 0 2022 GRANT AIRLINK 1023 15TH STREET NW SUITE 1100 WASHINGTON DC 20005 371710848 501(C)(3) 25000 0 2022 AIRLINK GRANT ANGEL FLIGHT OF NEW ENGLAND 492 SUTTON ST NORTH ANDOVER MA 01845 043314346 501(C)(3) 10000 0 2022 HUMANITARIAN GRANT WINGS OF HOPE INC 18370 WINGS OF HOPE BLVD ST LOUIS MO 63005 430909606 501(C)(3) 6000 0 2022 HUMANITARIAN GRANT PARTNERS FOR ANDEAN COMMUNITY HEALTH 8 CARYN LN WEATOGUE CT 06089 462196101 501(C)(3) 9000 0 2022 HUMANITARIAN GRANT ANGEL FLIGHT SOARS INC 2000 AIRPORT RD 227 CHAMBLEE GA 30341 581702239 501(C)(3) 8000 0 2022 HUMANITARIAN GRANT NORTH COUNTRY LIFE FLIGHT INC PO BOX 994 49 HELMS-MUELLER ROAD SARANAC LAKE NY 12983 141726113 501(C)(3) 7368 0 2022 HUMANITARIAN GRANT AIRLINK 1023 15TH STREET NW SUITE 1100 WASHINGTON DC 20005 371710848 501(C)(3) 25000 0 2022 HUMANITARIAN GRANT AIRLINK 1023 15TH STREET NW SUITE 1100 WASHINGTON DC 20005 371710848 501(C)(3) 781135 0 2022 UKRAINE RELIEF FUND 16 SCHOLARSHIPS 27 278458 STIPEND 1 2500 PART I, LINE 2: 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. 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. INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING 330 N WABASH AVE SUITE 2000 CHICAGO IL 60611 521304567 TRADE ASSOCIATION DE 501(C)(6) 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING C 889161 CASH INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING E 97466 CASH