INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INC (EIN 52-1283024)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-03-12
- IRS object ID
- 202100719349300235
- Schema version
- 2019v5.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-12T10:16:38-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521853933 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES MARESCA & MCQUADE PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1730 RHODE ISLAND AVE NW SUITE 800 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521283024 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL ASSOCIATION OF AIRPORT | BusinessNameLine1Txt |
| Business Name Line2 | DUTY FREE STORES | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 2023671184 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 K STREET NW 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL PAYNE | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 2023671184 | PhoneNum |
| Signature | 2021-03-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SEAN MCELWANEY | PreparerPersonNm |
| PTIN | P01608821 | PTIN |
| Phone | 2022963306 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | MICHAEL PAYNE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 K STREET NW 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $143,770 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.IAADFS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,399 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,665,035 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $59,950 | CYProgramServiceRevenueAmt |
| PY Investment Income | $89,865 | PYInvestmentIncomeAmt |
| CY Investment Income | $83,120 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,201 | PYOtherRevenueAmt |
| CY Other Revenue | $700 | CYOtherRevenueAmt |
| PY Total Revenue | $1,757,500 | PYTotalRevenueAmt |
| CY Total Revenue | $143,770 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | 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 | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,940,231 | PYOtherExpensesAmt |
| CY Other Expenses | $937,523 | CYOtherExpensesAmt |
| PY Total Expenses | $1,940,231 | PYTotalExpensesAmt |
| CY Total Expenses | $937,523 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$182,731 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$793,753 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,728,083 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,759,461 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $412,733 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $237,864 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,315,350 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,521,597 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | 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 | 0 | 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 | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| 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 | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| 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 |
| 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | 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 | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITHBUCKLIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2023671184 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 K STREET NW 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| RENE RIEDI | ||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ENRIQUE URIOSTE | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PADRAIG DRENNAN | ||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DAVID BERNSTEIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GERRY CRAWFORD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL HALPERN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PHILIP HANCOCK | ||||||
| DIRECTOR AS OF JAN 2020 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ERASMO ORILLAC | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LOUIS SNELDERS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARK SULLIVAN | ||||||
| DIRECTOR UNTIL JAN 2020 | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL PAYNE | ||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | $0 | $0 | $0 | |
| 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 | 2001 K STREET NW 300 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | MANAGEMENT, INCL. EXEC. DIR. COMP | ServicesDesc |
| Compensation | $599,906 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 611710 | $58,950 | $58,950 |
| INITIATION FEES | 611710 | $1,000 | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $59,950 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $83,120 | TotalRevenueColumnAmt |
| Exclusion | $83,120 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $700 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $700 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $700 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $143,770 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,650 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $83,120 | ExclusionAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $568,148 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,444 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,950 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,837 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,160 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,802 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,739 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,229 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,821 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| HOTEL CANCELLATION FEE | $133,949 |
| DUES & SUBSCRIPTIONS | $19,772 |
| MISCELLANEOUS | $497 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $937,523 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $205,598 | BOYAmt |
| EOY | $66,681 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,131,766 | BOYAmt |
| EOY | $878,184 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,981 | BOYAmt |
| EOY | $33,518 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $782 | BOYAmt |
| EOY | $45,484 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,209,000 | BOYAmt |
| EOY | $2,712,000 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,956 | BOYAmt |
| EOY | $23,594 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,728,083 | BOYAmt |
| EOY | $3,759,461 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,933 | BOYAmt |
| EOY | $207,644 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,000 | BOYAmt |
| EOY | $20,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,800 | BOYAmt |
| EOY | $10,220 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $412,733 | BOYAmt |
| EOY | $237,864 | 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 | $4,315,350 | BOYAmt |
| EOY | $3,521,597 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,315,350 | BOYAmt |
| EOY | $3,521,597 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,728,083 | BOYAmt |
| EOY | $3,759,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$793,753 | ReconcilationRevenueExpnssAmt |
| 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
| Dues Assessments | $58,950 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $55,837 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $55,837 | NonDeductibleLbbyngPltclTotAmt |
| Taxable | $55,837 | TaxableAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $143,595 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $143,595 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $175 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $175 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $143,770 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $937,348 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $937,348 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $175 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $175 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $937,523 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 MEMBERHSIP 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. |