2025-11-10T09:54:21-06:00 2024-12-31 362663358 PORTE BROWN LLC 845 OAKTON STREET ELK GROVE VILLAGE IL 60007 990 2024-01-01 541742507 INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING FOUNDATION INTE 3123215169 330 N WABASH AVE SUITE 2000 CHICAGO IL 60611 GUILHERME LOPES EXECUTIVE DIRECTOR 3123215169 2025-11-07 1 0 GENEVRA KNIGHT P00363276 8479561040 2024 2025-03-06 01:10:19Z GUILHERME LOPES 330 N WABASH AVE SUITE 2000 CHICAGO IL 60611 2706007 0 X WWW.FOUNDATION.ISTAT.ORG X 2006 VA SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERICAL AVIATION AND HUMANITARIANISM. 18 18 0 50 0 0 1054076 1302231 0 0 248795 235763 4170 -116950 1307041 1421044 604796 763671 0 0 0 0 0 0 23252 412930 481002 1017726 1244673 289315 176371 6820859 7660073 108953 61268 6711906 7598805 SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERICAL AVIATION AND HUMANITARIANISM. 0 0 992255 763671 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. 992255 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 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 15 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 N WABASH AVE SUITE 2000 CHICAGO IL 60611 X SIGTHOR EINARSSON CHAIR 2.00 2.00 X X 0 0 0 JOEY JOHNSEN SECRETARY 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 MARY PRETTYMAN ISTAT PRESIDENT 2.00 2.00 X X 0 0 0 DEAN GERBER ISTAT PAST PRESIDENT 2.00 2.00 X X 0 0 0 JEAN B STEIN 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 AYOMIDE JIDE-OMOLE DIRECTOR 2.00 X 0 0 0 ANDY LA STELLA DIRECTOR 2.00 X 0 0 0 TRACEY O'BRIEN 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 LINN SHAW DIRECTOR 2.00 X 0 0 0 STEVEN BOECKER DIRECTOR 2.00 X 0 0 0 GUILHERME LOPES EXECUTIVE DIRECTOR 2.00 38.00 X 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 300 NORTH WABASH AVE SUITE 2000 CHICAGO IL 60611 MANAGEMENT SERVICES 399934 1 242425 749702 310104 1302231 204789 204789 1198987 1168013 30974 30974 30974 0 242425 116950 -116950 -116950 1421044 0 0 118813 180772 180772 184522 184522 398377 398377 342016 172074 151567 18375 18 18 22386 22386 32293 32293 2222 2222 9753 4876 4877 14294 4542 9752 MISCELLANEOUS 48017 47092 925 CREDIT CARD FEES 10003 10003 1244673 992255 229166 23252 597593 396488 159159 1000 14432 6064107 7075492 0 172661 6820859 7660073 78779 41243 15000 20025 15174 0 108953 61268 X 4609517 5318471 2102389 2280334 6711906 7598805 6820859 7660073 176371 710528 0 X X 0 1 X 1 0 X 1544280 1161915 1504779 1054076 1302231 6567281 1544280 1161915 1504779 1054076 1302231 6567281 4056649 2510632 116530 200775 159409 143873 204789 825376 84593 84593 7477250 0.33580 0.30070 X 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1245212 169567 4310 1410469 1054793 190419 1245212 1309480 -254687 1054793 1115296 194184 1309480 0.34420 0.65580 0 0 0 X 2157346 710528 710528 1446818 32293 -58067 -25774 1421044 1270447 0 1270447 32293 -58067 -25774 1244673 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. 0 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 EVENT AND VIDEO SERVICES, MARKETING 18433 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS 322201 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS 56595 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS 9985 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS 9875 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS 7352 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS 28303 0 0 0 0 0 0 452744 0 452744 SUB-SAHARAN AFRICA GRANTS 11800 WIRE 0 EUROPE GRANTS 62902 WIRE 0 EAST ASIA AND PACIFIC GRANTS 27352 WIRE 0 SCHOLARSHIP AWARDS EAST ASIA AND THE PACIFIC 3 33595 SCHOLARSHIP AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 25 246113 SCHOLARSHIP AWARDS SUB-SAHARAN AFRICA 2 4881 SCHOLARSHIP AWARDS SOUTH AMERICA 2 9875 0 0 0 0 0 0 PART I, LINE 2: 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. GOLF OUTINGS 242425 242425 58883 58067 242425 242425 58883 58067 116950 -116950 1 AIRLINK INC 915 FRONT STREET SAN FRANSICO CA 94111 371710848 501(C)(3) 80000 0 SCHOLARSHIP AIRSERV INTERNATIONAL 5700 RIVERTECH CT RIVERDALE MD 20737 814787242 501(C)(3) 8000 0 SCHOLARSHIP HAITI AIR AIMBULANCE SERVICE INC 6 CORPORATE CENTER DR MELLVILLE NY 11747 463380379 501(C)(3) 7000 0 SCHOLARSHIP INTERNATIONAL AVIATION WOMENS ASSOCIATION 255 ALHAMBRA CIRCLE SUITE 750 CORAL GABLES FL 33134 954277780 501(C)(6) 7850 0 SCHOLARSHIP INTREPID MUSEUM FOUNDATION INC PIER 86 W 46TH ST NEW YORK NY 10036 133062419 501(C)(3) 10000 0 SCHOLARSHIP NATIONAL AVIATION HALL OF FAME PO BOX 31096 DAYTON OH 45437 237117952 501(C)(3) 10000 0 SCHOLARSHIP OPAS FOUNDATION PO BOX 26395 JACKSONVILLE FL 32226 203523938 501(C)(3) 10000 0 SCHOLARSHIP PARTNERS FOR ANDEAN COMMUNTIY HEALTH 8 CARYN LANE WEATOGUE CT 06089 462196101 501(C)(3) 5250 0 SCHOLARSHIP PINHEAD INSTITUTE INC PO BOX 2905 TELLURIDE CO 91435 841605984 501(C)(3) 8272 0 SCHOLARSHIP SAN DIEGO AIR AND SPACE MUSEUM 2001 PAN AMERICAN PLAZA SAN DIEGO CA 92101 952253027 501(C)(3) 10000 0 SCHOLARSHIP WE WERE ONCE THEM 335 BESSIE COLEMAN BLVD WAXAHACHIE TX 75165 824827784 501(C)(3) 10000 0 SCHOLARSHIP YOUTH AVIATION ADVENTURE 2160 W CASE RD COLUMBUS OH 43235 202381355 501(C)(3) 10000 0 SCHOLARSHIP 12 0 SCHOLARSHIPS 17 172825 STIPENDS 4 11697 PART I, LINE 2: 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. 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. 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 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING C 749702 INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADING D 172661