2017-10-23T10:36:12-05:00 2016-12-31 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2016-01-01 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 2017-11-15 true David R Siehoff P00175845 6302829500 2017-11-15 167.68.126.162 15750420172965000000 2017-10-23 P ADCCD09262EF154B7A92B0019AAB504319DF82B8 D1F8CB186DE9679A9F8470E224643871DFBA0AAE 2016 2021-01-29 14:40:06Z JULIE WICHLIN 330 N Wabash Ave2000 Chicago IL 60611 2003674 false X WWW.ISTAT.ORG X 2006 VA TO SUPPORT AVIATION TRANSPORT RESEARCH AND EDUCATION THROUGH SCHOLARSHIPS, INTERNSHIPS, GRANTS, AND HUMANITARIAN EFFORTS. 19 19 0 19 0 859193 975499 0 0 304072 44049 0 21487 1163265 1041035 549417 675281 0 0 0 0 0 0 0 214575 272434 763992 947715 399273 93320 4708017 5118379 31963 79727 4676054 5038652 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 675281 675281 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. 675281 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 3 0 true 0 false false false false false false false false X 19 19 false true false false false false false true true false false true true true true true true false false false IL X THE ORGANIZATION 3126735169 330 N WABASH NO 2000 CHICAGO IL 60611 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 michael platt 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 ROBERT GATES 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 Todd Freeman VICE CHAIRMAN 2.0 0.0 X 0 0 0 Jep Thornton ISTAT PAST PRESIDENT 2.0 0.0 X 0 0 0 damon j d'agostino FOUNDATION CHAIRMAN 2.0 0.0 X 0 0 0 MARC ALLINSON ISTAT PRESIDENT 2.0 0.0 X 0 0 0 DOUGLAS RUNTE TREASURER 2.0 0.0 X 0 0 0 0 0 0 0 false false false SMITHBUCKLIN 330 N WABASH AVE CHICAGO IL 60611 management 196691 1 501773 473726 975499 0 111706 111706 0 0 0 0 0 894763 962420 -67657 -67657 -67657 21706 219 21487 0 0 0 0 0 0 0 1041035 44049 179000 179000 246473 246473 249808 249808 0 0 0 0 0 0 0 94674 94674 1200 1200 11061 11061 0 0 16035 16035 83803 83803 11050 11050 4369 4369 16894 16894 0 0 2844 2844 0 10226 10226 0 0 0 0 ROUNDTABLE 13778 13778 OTHER EXPENSES 6500 6500 947715 675281 272434 0 803523 643606 19635 4956 0 0 40250 216107 0 0 0 0 0 0 0 0 1290 0 0 0 3843319 4253710 0 0 0 0 0 0 0 0 4708017 5118379 1963 54727 0 0 30000 25000 0 0 0 0 0 0 0 0 0 0 0 0 31963 79727 X 2407623 2718842 1208411 1259790 1060020 1060020 4676054 5038652 4708017 5118379 93320 269278 X X false true X true false X 665235 839596 1198054 859193 975499 4537577 0 0 665235 839596 1198054 859193 975499 4537577 2346039 2191538 101998 108255 213211 284499 111706 819669 0 0 5357246 0.40908 0.42193 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 1294497 269278 -16035 253243 1041254 -219 -219 1041035 931899 219 219 931680 16035 16035 947715 PART X, LINE 2: 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 2013 YEAR. PART XI, LINE 2D: THE INTERNATIONAL SOCIETY OF TRANSPORTATION FOUNDATION HAD INVESTMENT FEES OF 16,035 THAT IS NOT ON FORM 990 BUT IS INCLUDED IN THE REVENUE PORTION OF THE AUDITED FINANCIALS. PART XI, LINE 4B: THE INTERNATIONAL SOCIETY OF TRANSPORTATION FOUNDATION HAD FUNDRAISING EVENT EXPENSES OF 219 THAT IS ON FORM 990 BUT IS NOT INCLUDED IN THE REVENUE PORTION OF THE AUDITED FINANCIALS. PART XII, LINE 2D THE INTERNATIONAL SOCIETY OF TRANSPORTATION FOUNDATION HAD FUNDRAISING EVENT EXPENSES OF 4,426 THAT IS NOT ON FORM 990 BUT IS INCLUDED IN THE EXPENSES PORTION OF THE AUDITED FINANCIALS. PART XII, LINE 4B THE INTERNATIONAL SOCIETY OF TRANSPORTATION FOUNDATION HAD INVESTMENT FEES OF 16,035 THAT IS ON FORM 990 BUT IS NOT INCLUDED IN THE EXPENSES PORTION OF THE AUDITED FINANCIALS. true Europe (Including Iceland and Greenland) Program Services EDUCATION 133619 Middle East and North Africa Program Services EDUCATION 14100 Sub-Saharan Africa Program Services EDUCATION 42589 East Asia and the Pacific Program Services EDUCATION 38000 Central America and the Caribbean Program Services EDUCATION 21500 249808 249808 Sub-Saharan Africa HUMANITARIAN EFFORTS 9000 CHECK Europe (Including Iceland and Greenland) HUMANITARIAN EFFORTS 7000 CHECK Europe (Including Iceland and Greenland) HUMANITARIAN EFFORTS 7000 CHECK East Asia and the Pacific HUMANITARIAN EFFORTS 7000 CHECK 3 1 Scholarships Europe (Including Iceland and Greenland) 14 102619 CHECK Cash Scholarships Middle East and North Africa 4 14100 CHECK CASH Scholarships Sub-Saharan Africa 6 33589 CHECK CASH Scholarships East Asia and the Pacific 22 31000 CHECK CASH Scholarships Central America and the Caribbean 4 21500 CHECK CASH 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: Your organization/institution is organized and operated exclusively for charitable, educational or other exempt purposes and meets the below standards. It is operated exclusively for specified charitable purposes. Its country's laws and customs, or its governing documents, do not permit substantial non-charitable activities or lobbying. Either its country's laws and customs, or the organization's governing documents, prohibit any direct or indirect intervention in a political campaign. 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. 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. Included in agreement form signed by grant recipients: 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. 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. FOUNDATION BOOT 19253 19253 0 AUCTIONS 2453 2453 219 0 21706 21706 219 219 21487 true Pathways to Aviation 6000 Cash Education ANGEL FLIGHT SOARS 7000 CASH HUMANITARIAN EFFORTS AIRSERV INTERNATIONAL 7000 CASH HUMANITARIAN EFFORTS AIRLINK 371710848 75000 CASH HUMANITARIAN EFFORTS WOMEN IN AVIATION INTERNATIONAL 8000 CASH EDUCATION INTREPID SEA SPACE & AIR MUSEUM 10000 CASH EDUCATION NATIOANL AVIATION HALL OF FAME 8000 CASH EDUCATION SAN DIEGO AIR & SPACE MUSEUM 8000 CASH EDUCATION CHALLENGER CENTER 6000 CASH EDUCATION PACIFIC AVIATION MUSEUM 6000 CASH EDUCATION ANGEL FLIGHT NORTH EAST 6000 CASH HUMANITARIAN EFFORTS WINGS OF HOPE 8000 CASH HUMANITARIAN EFFORTS EMBRY RIDDLE AERONATICAL UNIVERSITY 17220 CASH EDUCATION 9 4 Scholarships 22 190591 CASH DOMESTIC INTERNSHIP GRANTS 12 29662 CASH UNIVERSITY GRANTS 6 26220 CASH 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: 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"): 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, 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. Included in agreement form signed by grant recipients: 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. 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 & ACCOUNTING, EDUCATION, AND INFORMATION TECHNOLOGY. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES AND TOTAL FEES PAID TO SMITHBUCKLIN WERE $196,691. 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: UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS IS THE SAME AS THE PRIOR YEAR. Internation Society of Transport Aircraf 330 n wabash ave Chicago IL 60611 521304567 Trade Asso IL 501 (C) 6 false false false true false false false false false false false false false false false false false false false International Society of Transport C 501773 CASH