2018-10-26T16:24:09-05:00 2017-12-31 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2017-01-01 541742507 International Society Of Transport Aircraft Trading Foundation % THE ORGANIZATION INTE 3126735169 330 N Wabash Ave Suite 2000 Chicago IL 60611 JULIE WICHLIN EXECUTIVE DIRECTOR 3126735169 2018-11-15 true Rebekuh Eley P01247672 6302829500 2018-11-15 167.68.126.162 15750420182995000004 2018-10-26 P 728CB5678B814EC5BFD7375DCDAD4DA76E9A9F60 ADCCD09262EF154B7A92B0019AAB504319DF82B8 2017 2018-06-14 16:35:46Z JULIE WICHLIN 330 N WABASH AVE 2000 Chicago IL 60611 1864571 false X WWW.FOUNDATION.ISTAT.ORG X 2006 VA TO SUPPORT AVIATION TRANSPORT RESEARCH AND EDUCATION THROUGH SCHOLARSHIPS, INTERNSHIPS, GRANTS, AND HUMANITARIAN EFFORTS. 19 19 0 50 0 975499 1014436 0 0 44049 180738 21487 39552 1041035 1234726 675281 691590 0 0 0 0 0 0 0 272434 298482 947715 990072 93320 244654 5118379 5820484 79727 84981 5038652 5735503 THE INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING FOUNDATION (ISTAT FOUNDATION) WAS FOUNDED TO SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM. false false 691590 691590 5 PROGRAMS ARE SUPPORTED THROUGH THE ISTAT FOUNDATION: SCHOLARSHIPS TO ACADEMICALLY-QUALIFIED STUDENTS PURSUING AN AVIATION-RELATED DEGREE AT AN ACCREDITED UNIVERSITY WORLDWIDE; INTERNSHIPS STIPENDS TO AVIATION-FOCUSED STUDENTS PLACED AS INTERNS AT ISTAT MEMBER COMPANIES; FUNDING FOR EDUCATIONAL OPPORTUNITIES, SUCH AS ISTAT UNIVERSITY CERTIFICATE PROGRAM WITH A FOCUS ON AVIATION FINANCE STUDIES; GRANTS TO EDUCATIONAL INSTITUTIONS, MUSEUMS AND OTHER NONGOVERNMENTAL, NOT-FOR-PROFIT ORGANIZATIONS AROUND THE GLOBE THAT ADVANCE COMMERCIAL AVIATION; HUMANITARIAN AID GRANTS, WHEREIN COMMERCIAL AVIATION PLAYS A ROLE. 691590 true true false false false false false false false false false false false false false true true false false false true true true false true false false true true false false false false false false false false false false false false false false true false false false true 4 0 0 false false false false false false false false false false X 19 19 false true false false false false false true true false false false true true true true true false false false IL X THE ORGANIZATION 3126735169 330 N WABASH NO 2000 CHICAGO IL 60611 X JULIE WICHLIN EXECUTIVE DIRECTOR 10.0 0.0 X 0 0 0 JULIAN BALAAM TRUSTEE 2.0 0.0 X 0 0 0 PETER HUIJBERS TRUSTEE 2.0 0.0 X 0 0 0 KRISTEN CHMIELEWSKI TRUSTEE 2.0 0.0 X 0 0 0 ROD J SHERIDAN TRUSTEE 2.0 0.0 X 0 0 0 MARY ELLEN S JONES TRUSTEE 2.0 0.0 X 0 0 0 SIGTHOR EINARSSON TRUSTEE 2.0 0.0 X 0 0 0 ROBERT AGNEW TRUSTEE 2.0 0.0 X 0 0 0 DAVID SWAN TRUSTEE 2.0 0.0 X 0 0 0 BETSY SNYDER TRUSTEE 2.0 0.0 X 0 0 0 MOHAMED EL-BORAI TRUSTEE 2.0 0.0 X 0 0 0 ANDREW LA STELLA TRUSTEE 2.0 0.0 X 0 0 0 MURRAE ROSS-ESKELL TRUSTEE 2.0 0.0 X 0 0 0 EDDO WEIJER TRUSTEE 2.0 0.0 X 0 0 0 DEAN GERBER TREASURER 2.0 0.0 X 0 0 0 JEP THORNTON FOUNDATION CHAIRMAN 2.0 0.0 X 0 0 0 DAMON J D'AGOSTINO FOUNDATION VICE CHAIRMAN 2.0 0.0 X 0 0 0 MARC ALLINSON ISTAT PAST PRESIDENT 2.0 0.0 X 0 0 0 DOUGLAS RUNTE ISTAT PRESIDENT 2.0 0.0 X 0 0 0 0 0 0 0 false false false SMITHBUCKLIN 330 N WABASH AVE CHICAGO IL 60611 MANAGEMENT 224139 2 670742 343694 1014436 0 145180 145180 0 0 0 0 0 662634 627076 35558 35558 35558 42321 2769 39552 39552 0 0 0 0 0 0 0 1234726 220290 227323 227323 270648 270648 193619 193619 0 0 0 0 0 0 0 74591 74591 270 270 13593 13593 0 0 16264 16264 117806 117806 10000 10000 7164 7164 15900 15900 0 0 5471 5471 0 5795 5795 0 0 0 0 ROUNDTABLE 6071 6071 OTHER EXPENSES 25557 25557 990072 691590 298482 0 643606 706724 4956 761 0 0 216107 164000 0 0 0 0 0 0 0 0 0 8000 0 0 4253710 4874579 0 0 0 0 0 0 0 66420 5118379 5820484 54727 83981 0 0 25000 1000 0 0 0 0 0 0 0 0 0 0 0 0 79727 84981 X 2718842 3467936 1259790 1207547 1060020 1060020 5038652 5735503 5118379 5820484 244654 452197 X false true X true false X 839596 1198054 859193 975499 1014436 4886778 0 0 839596 1198054 859193 975499 1014436 4886778 2694949 2191829 108255 213211 284499 111706 145180 862851 0 0 5749629 0.38121 0.40908 X 0 0 X 1673428 452197 -16264 435933 1237495 -2769 -2769 1234726 976577 -16264 -16264 992841 -2769 -2769 990072 PART X, LINE 2 THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THUS IS GENERALLY NOT SUBJECT TO TAX. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. UNDER UNITED STATES TAX REGULATIONS, THE FOUNDATION IS PERMITTED TO ACCEPT TAX DEDUCTIBLE CONTRIBUTIONS FROM DONORS. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE FOUNDATION HAS NO ON-GOING FEDERAL OR STATE INCOME TAX AUDITS. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX AUDITS BEFORE THE 2014 YEAR. PART XI, LINE 2D Investment Fees: $16,264 PART XI, LINE 4B Direct Fundraising Expenses: $2,769 PART XII, LINE 2D Investment Fees: $16,264 PART XII, LINE 4B Direct Fundraising Expenses: $2,769 true Central America and the Caribbean Grantmaking EDUCATION 8000 East Asia and the Pacific Grantmaking EDUCATION 50188 Europe (Including Iceland and Greenland) Grantmaking EDUCATION 110618 Middle East and North Africa Grantmaking EDUCATION 8750 North America Grantmaking EDUCATION 5194 Sub-Saharan Africa Grantmaking EDUCATION 10869 193619 193619 Europe (Including Iceland and Greenland) EDUCATION 8000 Check Europe (Including Iceland and Greenland) EDUCATION 6000 Check Europe (Including Iceland and Greenland) HUMANITARIAN EFFORTS 10000 Check East Asia and the Pacific HUMANITARIAN EFFORTS 9000 Check 3 1 Scholarship Central America and the Caribbean 8000 Check Scholarship East Asia and the Pacific 41188 Check Scholarship Europe (Including Iceland and Greenland) 84618 Check Scholarship Middle East and North Africa 8750 Check Scholarship North America 5194 Check Scholarship Sub-Saharan Africa 7169 Check false false false false false false PART I, LINE 2: Every proposed grant organization shall be vetted by the Committee to ensure basic and reasonable due diligence. The vetting process for grants over $10,000 USD should include: (1) Review financial statements of organization and (2) Endorsement from 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) your organization/institution is organized and operated exclusively for charitable, educational or other exempt purposes and meets the below standards, (2) it is operated exclusively for specified charitable purposes, (3) its country's laws and customs, or its governing documents, do not permit substantial non-charitable activities or lobbying, (4) either its country's laws and customs, or the organization's governing documents, prohibit any direct or indirect intervention in a political campaign, (5) its country's laws and customs, or the organization's governing documents, do not permit any of its assets or income to benefit a private person, and (6) its assets will be distributed on dissolution to another non-profit organization for charitable or other exempt purposes or to a government instrumentality. Failure to demonstrate compliance with the non-profit organization standards stated above may result in revocation of grant funds. The grant recipient must include the following in the signed agreement to obtain the grant: (1) you are required to provide the Foundation with a written report summarizing the program/project promptly following the end of the period during which you are to use all grant funds, (2) your report should describe how you achieved the purpose of the grant and include a detailed accounting of the uses or expenditure of all grant funds, (3) it is recommended to provide photos or videos of the funded program/project, and (4) you agree to provide any other information reasonably requested by the Foundation. If your organization obtains any audited financial statements covering any part of the period of this grant, please provide a copy to the Foundation as well. You are required to keep the financial records with respect to this 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. FOUNDATION FUND 42321 42321 78 0 42321 42321 78 78 42243 true Air Serv International 410 Rosedale Warrenton VA 20186 Humanitarian 9000 HUMANITARIAN EFFORTS Airline Ambassadors 550 14th Road Arlington VA 22202 Humanitarian 10000 HUMANITARIAN EFFORTS Airlink 925 B St San Diego CA 92101 Humanitarian 75000 HUMANITARIAN EFFORTS Angel Flight North East 492 Sutton North Andover MA 01845 Humanitarian 9000 HUMANITARIAN EFFORTS Challenger Center 422 First St Washington DC DC 20003 Humanitarian 6500 HUMANITARIAN EFFORTS Hiller Aviation Museum 601 Skyway Rd San Carlos CA 94070 Humanitarian 7500 HUMANITARIAN EFFORTS Intrepid Museum Foundation Inc Pier 86 W 46th New York NY 10036 Humanitarian 10000 HUMANITARIAN EFFORTS Mission Aviation Fellowship 112 Pilatus Nampa ID 83687 Humanitarian 25000 HUMANITARIAN EFFORTS Pathways to Aviation PO Box 21433 Reno NE 89515 Humanitarian 75000 HUMANITARIAN EFFORTS Women in Aviation International 3647 OH-503 West Alexandria OH 45381 Humanitarian 10000 EDUCATION 10 10 Internship 8 17381 Check ISTAT 8 30135 Check Scholarship 26 223132 Check FORM I, PAGE 1, LINE 1: Every proposed grant organization shall be vetted by the Committee to ensure basic and reasonable due diligence. The vetting process for grants over $10,000 USD should include: (1) Review financial statements of organization and (2) Endorsement from 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) You are a non-profit organization/institution currently recognized by the Internal Revenue Service as a public charity described in sections 501(c)(3) and 509(a)(1), (2), or (3) of the Internal Revenue Code of 1986 as amended (the "Code"), (2) Your 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 which you provided to the Foundation, (3) and there is no issue presently pending before any office of the Internal Revenue Service that could result in any proposed changes to your tax-exempt status under Sections 501(c)(3) and 509(a) of the Code. Failure to demonstrate compliance with the non-profit organization standards stated above may result in revocation of grant funds. The grant recipient must include/agree with the following in the signed agreement to obtain the grant: (1) you are required to provide the Foundation with a written report summarizing the program/project promptly following the end of the period during which you are to use all grant funds. Your report should describe how you achieved the purpose of the grant and include a detailed accounting of the uses or expenditure of all grant funds. It is recommended to provide photos or videos of the funded program/project and (2) you also agree to provide any other information reasonably requested by the Foundation. If your organization obtains any audited financial statements covering any part of the period of this grant, please provide a copy to the Foundation as well. You are required to keep the financial records with respect to this 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 SMITHBUCKLIN, AN ASSOCIATION MANAGEMENT COMPANY, MANAGES ALL ASPECTS OF THE ORGANIZATION'S OPERATIONS IN ACCORDANCE WITH ORGANIZATION BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO: ADMINISTRATION, MEMBERSHIP, FINANCE AND ACCOUNTING, EDUCATION, AND INFORMATION TECHNOLOGY. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES AND TOTAL FEES PAID TO SMITHBUCKLIN WERE $224,139. FORM 990, PART VI, SECTION B, LINE 11 PREPARED BY AUDITORS, REVIEWED BY ACCOUNTING, PRESENTED TO ACCOUNT EXECUTIVE, SENT TO TREASURER FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT ISSUES PRESENTED BY BOARD MEMBERS IF ANY OCCUR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:BANK FEES TOTAL FEES:3291 FORM 990 PART IX LINE 11G DESCRIPTION:MEMBERSHIP AND OPERATIONS TOTAL FEES:114515 Internation Society of Transport Aircraf 330 n wabash ave Chicago IL 60611 521304567 TRADE ASSOC IL 501 (C) 6 NA false false false true false false false false false false false false false false false false false false false false INTERNATIONAL SOCIETY OF TRANSPORT C 670742 CASH