INSTITUTE OF CLEAN AIR COMPANIES INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: INSTITUTE OF CLEAN AIR COMPANIES INC (EIN 54-1087488)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2014-05-02
IRS object ID: 201421229349301002
Schema version: 2012v2.3
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 D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-05-02T12:46:34-05:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MCQUADE BRENNAN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1730 RHODE ISLAND AVE NW STE 800	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	200363114	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	541087488	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	INSTITUTE OF CLEAN AIR	BusinessNameLine1
Business Name Line2	COMPANIES INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	INST	NameControl
Phone	2023671114	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2025 M STREET NW	AddressLine1
Address Line2	ROOM/SUITE 800	AddressLine2
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BETSY NATZ	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	2023671114	Phone
Date Signed	2014-05-02	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRIAN D MCQUADE	Name
Phone	2022963306	Phone
Date Prepared	2014-05-02	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	BETSY NATZ	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	2025 M STREET NW STE 800	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	963279	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.ICAC.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1960	YearFormation
State Legal Domicile	DC	StateLegalDomicile
Activity Or Mission Description	PROVIDE SUPPORT, EDUCATION, AND STATISTICS TO MEMBERS AND OTHER INTERESTED GROUPS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	14	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	14	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	708511	ProgramServiceRevenuePriorYear
Program Service Revenue CY	759491	ProgramServiceRevenueCY
Investment Income Prior Year	8720	InvestmentIncomePriorYear
Investment Income Current Year	-344	InvestmentIncomeCurrentYear
Other Revenue Prior Year	3508	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	720739	TotalRevenuePriorYear
Total Revenue Current Year	759147	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	926081	OtherExpensePriorYear
Other Expenses Current Year	775532	OtherExpensesCurrentYear
Total Expenses Prior Year	926081	TotalExpensesPriorYear
Total Expenses Current Year	775532	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-205342	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-16385	RevenuesLessExpensesCY
Total Assets BOY	285021	TotalAssetsBOY
Total Assets EOY	335285	TotalAssetsEOY
Total Liabilities BOY	118031	TotalLiabilitiesBOY
Total Liabilities EOY	184680	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	166990	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	150605	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE SUPPORT, EDUCATION, AND STATISTICS TO MEMBERS AND OTHER INTERESTED GROUPS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	CONFERENCES ARE TO KEEP MEMBERS ABREAST OF TECHNICAL ADVANCEMENTS AND REGULATORY STANDARDS FOR THE INDUSTRY.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	PROVIDE PUBLICATIONS AS WELL AS REGULATORY AND TECHNICAL ASSISTANCE TO MEMBERS.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	3	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	14	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	SMITHBUCKLIN CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2023671114	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2025 M STREET NW SUITE 800	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
MICHAEL D DURHAM
PRESIDENT	1.00	X	X	0	0	0
STANLEY MACK
VICE PRESIDE	1.00	X	X	0	0	0
MICHAEL L CORVESE
TREASURER	1.00	X	X	0	0	0
CHRIS E DIFRANCESCO
SECRETARY	1.00	X	X	0	0	0
VINCE ALBANESE
IMM PAST PRE	1.00	X	X	0	0	0
ROBERT CARDELL PHD
BOARD MEMBER	1.00	X		0	0	0
CLAY ERICKSON
BOARD MEMBER	1.00	X		0	0	0
ROBERT DAVIS
BOARD MEMBER	1.00	X		0	0	0
WIEBKE HAGENDORF-SCHROETER
BOARD MEMBER	1.00	X		0	0	0
MARK LOW
BOARD MEMBER	1.00	X		0	0	0
JOSEPH D MILLER
BOARD MEMBER	1.00	X		0	0	0
ROBERT NEBERGALL
BOARD MEMBER	1.00	X		0	0	0
JOSEPH STEHN
BOARD MEMBER	1.00	X		0	0	0
MICHAEL CORNNELL
BOARD MEMBER	1.00	X		0	0	0
BETSY NATZ
EXECUTIVE DI	40.00		X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	SMITHBUCKLIN CORPORATION	BusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	2025 M STREET NW SUITE 800	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20036	ZIPCode

Field	Value	IRS element (for citing)
Description Of Services	MANAGEMENT	DescriptionOfServices
Compensation	475294	Compensation

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	1	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MEMBERSHIP DUES	900099	669256	669256
ANNUAL MEETINGS	900099	86662	86662
MARKET STUDIES	900099	3345	3345
BOARD AND COMMITTEE		228	228

Field	Value	IRS element (for citing)
Total Program Service Revenue	759491	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	4655	TotalRevenueColumn
Exclusion	$4,655	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	199133	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	204132	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	-4999	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-4999	TotalRevenueColumn
Exclusion	-$4,999	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	759147	TotalRevenueColumn
Related Or Exempt Function Income	759491	RelatedOrExemptFunctionIncome
Exclusion	-$344	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	578718	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	21074	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	5473	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	29575	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	26193	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	84939	Total

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	TotalTotal
MARKET STUDIES	22996
DUES AND SUBSCRIPTIONS	6564

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	775532	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	46248	BOY
EOY	230899	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	6132	BOY
EOY	77308	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	28250	BOY
EOY	26175	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
EOY	903	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	197999	BOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	6392	BOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	285021	BOY
EOY	335285	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	113031	BOY
EOY	7680	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	5000	BOY
EOY	177000	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	118031	BOY
EOY	184680	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	166990	BOY
EOY	150605	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	166990	BOY
EOY	150605	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	285021	BOY
EOY	335285	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-16385	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Tot Revenue Etc Audited Fincl Stmt	759147	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	759147	RevenueSubtotal
Total Revenue Per Form990	759147	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	775532	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	775532	ExpensesSubtotal
Total Expenses Per Form990	775532	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	LIABILITY UNDER FIN 48 FOOTNOTE	Identifier
Return Reference	SCHEDULE D, PAGE 3, PART X	ReturnReference
Explanation	THE INSTITUTE OF CLEAN AIR COMPANIES, INC. HAS ADOPTED THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC (TOPIC 740) OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THE INSTITUTE OF CLEAN AIR COMPANIES HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2009-2011), OR EXPECTED TO BE TAKEN IN ITS 2012 TAX RETURN. THE INSTITUTE OF CLEAN AIR COMPANIES, INC. IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IS BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
MANAGEMENT DELEGATED	FORM 990, PAGE 6, PART VI, LINE 3	THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN. UNDER THE TERMS OF THIS CONTRACT, INSTITUTE OF CLEAN AIR COMPANIES, INC. MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVER STAFF SALARIES AND OTHER OVERHEAD EXPENSES. THE FEES INCURRED BY NATIONAL LUMBER DURING THE FISCAL YEAR WERE 578,718. SMITHBUCKLIN'S PERFORMANCE UNDER THIS AGREEMENT IS MONITORED BY THE BOARD OF INSTITUTE OF CLEAN AIR COMPANIES, INC.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE MANAGEMENT COMPANY REVIEWS THE 990 ALONG WITH THE EXECUTIVE DIRECTOR AND A COPY OF THE 990 IS SENT TO THE BOARD PRIOR TO FILING.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.