INTERNATIONAL SOCIETY OF TRANSPORT: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL SOCIETY OF TRANSPORT (EIN 54-1742507)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-10
- IRS object ID
- 202523149349302652
- Schema version
- 2024v5.2
- 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
- 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 | 2025-11-10T09:54:21-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 362663358 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PORTE BROWN LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 845 OAKTON STREET | AddressLine1Txt |
| City | ELK GROVE VILLAGE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | 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 AVE SUITE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GUILHERME LOPES | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 3123215169 | PhoneNum |
| Signature | 2025-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GENEVRA KNIGHT | PreparerPersonNm |
| PTIN | P00363276 | PTIN |
| Phone | 8479561040 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GUILHERME LOPES | PrincipalOfficerNm |
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) |
|---|---|---|
| Gross Receipts | $2,706,007 | 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 COMMERICAL 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 | $1,054,076 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,302,231 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $248,795 | PYInvestmentIncomeAmt |
| CY Investment Income | $235,763 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,170 | PYOtherRevenueAmt |
| CY Other Revenue | -$116,950 | CYOtherRevenueAmt |
| PY Total Revenue | $1,307,041 | PYTotalRevenueAmt |
| CY Total Revenue | $1,421,044 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $604,796 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $763,671 | 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 | $23,252 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $412,930 | PYOtherExpensesAmt |
| CY Other Expenses | $481,002 | CYOtherExpensesAmt |
| PY Total Expenses | $1,017,726 | PYTotalExpensesAmt |
| CY Total Expenses | $1,244,673 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $289,315 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $176,371 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,820,859 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,660,073 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $108,953 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $61,268 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $6,711,906 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,598,805 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERICAL AVIATION AND HUMANITARIANISM. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $992,255 | ExpenseAmt |
| Grant | $763,671 | 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 | $992,255 | 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 | 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 | 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 | 15 | 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 |
| 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 N WABASH AVE 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 | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| SIGTHOR EINARSSON | |||||||
| CHAIR | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOEY JOHNSEN | |||||||
| SECRETARY | 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 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DEAN GERBER | |||||||
| ISTAT PAST PRESIDENT | 2.00 | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEAN B STEIN | |||||||
| 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 | ||
| AYOMIDE JIDE-OMOLE | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDY LA STELLA | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| TRACEY O'BRIEN | |||||||
| 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 | ||
| LINN SHAW | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN BOECKER | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GUILHERME LOPES | |||||||
| EXECUTIVE DIRECTOR | 2.00 | 38.00 | 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 | 300 NORTH 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 | $399,934 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $242,425 | FundraisingAmt |
| Related Organizations | $749,702 | RelatedOrganizationsAmt |
| All Other Contributions | $310,104 | AllOtherContributionsAmt |
| Total Contributions | $1,302,231 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $204,789 | TotalRevenueColumnAmt |
| Exclusion | $204,789 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,198,987 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,168,013 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,974 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,974 | TotalRevenueColumnAmt |
| Exclusion | $30,974 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $242,425 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $116,950 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$116,950 | TotalRevenueColumnAmt |
| Exclusion | -$116,950 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,421,044 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $118,813 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,772 | TotalAmt |
| Program Services | $180,772 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,522 | TotalAmt |
| Program Services | $184,522 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $398,377 | TotalAmt |
| Program Services | $398,377 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,016 | TotalAmt |
| Program Services | $172,074 | ProgramServicesAmt |
| Management And General | $151,567 | ManagementAndGeneralAmt |
| Fundraising | $18,375 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18 | TotalAmt |
| Management And General | $18 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,386 | TotalAmt |
| Management And General | $22,386 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,293 | TotalAmt |
| Management And General | $32,293 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,222 | TotalAmt |
| Management And General | $2,222 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,753 | TotalAmt |
| Program Services | $4,876 | ProgramServicesAmt |
| Fundraising | $4,877 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,294 | TotalAmt |
| Program Services | $4,542 | ProgramServicesAmt |
| Management And General | $9,752 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| MISCELLANEOUS | $48,017 | $47,092 | $925 |
| CREDIT CARD FEES | $10,003 | $10,003 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,244,673 | TotalAmt |
| Program Services | $992,255 | ProgramServicesAmt |
| Management And General | $229,166 | ManagementAndGeneralAmt |
| Fundraising | $23,252 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $597,593 | BOYAmt |
| EOY | $396,488 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $159,159 | BOYAmt |
| EOY | $1,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $14,432 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,064,107 | BOYAmt |
| EOY | $7,075,492 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $172,661 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,820,859 | BOYAmt |
| EOY | $7,660,073 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,779 | BOYAmt |
| EOY | $41,243 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,000 | BOYAmt |
| EOY | $20,025 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,174 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,953 | BOYAmt |
| EOY | $61,268 | 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 | $4,609,517 | BOYAmt |
| EOY | $5,318,471 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,102,389 | BOYAmt |
| EOY | $2,280,334 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,711,906 | BOYAmt |
| EOY | $7,598,805 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,820,859 | BOYAmt |
| EOY | $7,660,073 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $176,371 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $710,528 | NetUnrlzdGainsLossesInvstAmt |
| 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 | $1,544,280 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,161,915 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,504,779 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,054,076 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,302,231 | CurrentTaxYearAmt |
| Total | $6,567,281 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,544,280 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,161,915 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,504,779 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,054,076 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,302,231 | CurrentTaxYearAmt |
| Total | $6,567,281 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,056,649 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,510,632 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $116,530 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $200,775 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $159,409 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $143,873 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $204,789 | CurrentTaxYearAmt |
| Total | $825,376 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $84,593 | CurrentTaxYearMinus1YearAmt |
| Total | $84,593 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,477,250 | TotalSupportAmt |
| Public Support CY170 | 0.33580 | PublicSupportCY170Pct |
| Public Support PY170 | 0.30070 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| 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 BELOW 33.33%, THE FOUNDATION QUALIFIES 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 RECEIVED BY THE ORGANIZATION.* 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. | FactsAndCircumstancesTestTxt |
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 | $1,245,212 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $169,567 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $4,310 | AdministrativeExpensesAmt |
| End Year Balance | $1,410,469 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,054,793 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $190,419 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,245,212 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.34420 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.65580 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,157,346 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $710,528 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $710,528 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,446,818 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $32,293 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$58,067 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$25,774 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,421,044 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,270,447 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,270,447 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $32,293 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$58,067 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$25,774 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,244,673 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION FILES INFORMATION RETURNS IN THE US FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH REVENUE -58,067. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH REVENUE -58,067. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | EVENT AND VIDEO SERVICES, MARKETING | $18,433 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS | $322,201 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTS TO RECIPIENTS | $56,595 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $9,985 |
| SOUTH AMERICA | 0 | 0 | GRANTS TO RECIPIENTS | $9,875 |
| SOUTH ASIA | 0 | 0 | GRANTS TO RECIPIENTS | $7,352 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTS TO RECIPIENTS | $28,303 |
| 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 | $452,744 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $452,744 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (3 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| SUB-SAHARAN AFRICA | GRANTS | $11,800 | WIRE | $0 |
| EUROPE | GRANTS | $62,902 | WIRE | $0 |
| EAST ASIA AND PACIFIC | GRANTS | $27,352 | WIRE | $0 |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|---|
| SCHOLARSHIP AWARDS | EAST ASIA AND THE PACIFIC | 3 | $33,595 |
| SCHOLARSHIP AWARDS | EUROPE (INCLUDING ICELAND & GREENLAND) | 25 | $246,113 |
| SCHOLARSHIP AWARDS | SUB-SAHARAN AFRICA | 2 | $4,881 |
| SCHOLARSHIP AWARDS | SOUTH AMERICA | 2 | $9,875 |
| 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 ITS COUNTRY'S LAWS AND CUSTOMS, 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 THE 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; 3) THEY WILL PROVIDE ANY OTHER INFORMATION REASONABLY REQUESTED BY THE FOUNDATION. IN DOING SO, IT IS RECOMMENDED THEY PROVIDE VIDEOS OF THE FUNDED PROGRAM/PROJECT AND IF THE GRANT RECIPIENT OBTAIN AUDITED FINANCIAL STATEMENTS COVERING ANY PART OF THE GRANT PERIOD THEY 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 OUTINGS | Event1Nm |
| Gross Receipts Event1 | $242,425 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $242,425 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $58,883 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $58,067 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $242,425 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $242,425 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $58,883 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $58,067 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $116,950 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$116,950 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| AIRLINK INC | ||||||||
| 915 FRONT STREET | SAN FRANSICO | CA | 94111 | 371710848 | 501(C)(3) | $80,000 | $0 | SCHOLARSHIP |
| AIRSERV INTERNATIONAL | ||||||||
| 5700 RIVERTECH CT | RIVERDALE | MD | 20737 | 814787242 | 501(C)(3) | $8,000 | $0 | SCHOLARSHIP |
| HAITI AIR AIMBULANCE SERVICE INC | ||||||||
| 6 CORPORATE CENTER DR | MELLVILLE | NY | 11747 | 463380379 | 501(C)(3) | $7,000 | $0 | SCHOLARSHIP |
| INTERNATIONAL AVIATION WOMENS ASSOCIATION | ||||||||
| 255 ALHAMBRA CIRCLE SUITE 750 | CORAL GABLES | FL | 33134 | 954277780 | 501(C)(6) | $7,850 | $0 | SCHOLARSHIP |
| INTREPID MUSEUM FOUNDATION INC | ||||||||
| PIER 86 W 46TH ST | NEW YORK | NY | 10036 | 133062419 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| NATIONAL AVIATION HALL OF FAME | ||||||||
| PO BOX 31096 | DAYTON | OH | 45437 | 237117952 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| OPAS FOUNDATION | ||||||||
| PO BOX 26395 | JACKSONVILLE | FL | 32226 | 203523938 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| PARTNERS FOR ANDEAN COMMUNTIY HEALTH | ||||||||
| 8 CARYN LANE | WEATOGUE | CT | 06089 | 462196101 | 501(C)(3) | $5,250 | $0 | SCHOLARSHIP |
| PINHEAD INSTITUTE INC | ||||||||
| PO BOX 2905 | TELLURIDE | CO | 91435 | 841605984 | 501(C)(3) | $8,272 | $0 | SCHOLARSHIP |
| SAN DIEGO AIR AND SPACE MUSEUM | ||||||||
| 2001 PAN AMERICAN PLAZA | SAN DIEGO | CA | 92101 | 952253027 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| WE WERE ONCE THEM | ||||||||
| 335 BESSIE COLEMAN BLVD | WAXAHACHIE | TX | 75165 | 824827784 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| YOUTH AVIATION ADVENTURE | ||||||||
| 2160 W CASE RD | COLUMBUS | OH | 43235 | 202381355 | 501(C)(3) | $10,000 | $0 | SCHOLARSHIP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| SCHOLARSHIPS | 17 | $172,825 |
| STIPENDS | 4 | $11,697 |
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 IN THE UNITED STATES, THE FOLLOWING MUST BE MET TO OBTAIN A GRANT: 1) IT MUST BE CURRENTLY RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS A PUBLIC CHARITY DESCRIBED IN SECTION 501(C)(3) AND 509(A)(1), (2) OR (3) OF 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 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; 3) THEY WILL PROVIDE ANY OTHER INFORMATION REASONABLY REQUESTED BY THE FOUNDATION. IN DOING SO, IT IS RECOMMENDED THEY PROVIDE VIDEOS OF THE FUNDED PROGRAM/PROJECT AND IF THE GRANT RECIPIENT OBTAIN AUDITED FINANCIAL STATEMENTS COVERING ANY PART OF THE GRANT PERIOD THEY 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 (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE FOUNDATION HAS DELEGATED 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: | ISTAT FOUNDATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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 | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | 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 | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | 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 |
|---|---|
| INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | |
| C | $749,702 |
| INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING | |
| D | $172,661 |