2026-04-23T10:19:16-05:00 2025-06-30 521853933 JM&M 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2024-07-01 521283024 INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INTE 2023671184 2001 K STREET NW 300 WASHINGTON DC 20006 STEVEN ANTOLICK EXECUTIVE DIRECTOR 2023671184 2026-04-23 1 1 P01608821 2022963306 2024 2025-03-06 01:10:19Z STEVEN ANTOLICK 2001 K STREET NW 300 WASHINGTON DC 20006 1039543 0 X WWW.IAADFS.ORG X 1966 MD TO PROMOTE THE DUTY FREE AND TRAVEL RETAIL INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF DUTY FREE AND TRAVEL RETAIL CONCESSIONS AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE DUTY FREE AND TRAVEL RETAIL INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP. 11 11 0 13 0 0 0 0 1124215 939368 94191 100175 2 0 1218408 1039543 0 0 0 0 0 0 0 0 0 1225014 1161789 1225014 1161789 -6606 -122246 2531167 2403074 13616 5057 2517551 2398017 X TO PROMOTE THE DUTY FREE AND TRAVEL RETAIL INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF DUTY FREE AND TRAVEL RETAIL CONCESSIONS AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE DUTY FREE AND TRAVEL RETAIL INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP. 0 0 CONVENTION - THE DUTY FREE TRADE SHOW IS USUALLY HELD DURING THE SPRING IN FLORIDA. THIS ANNUAL EVENT PROVIDES A FORUM FOR THE DEVELOPMENT OF COMMUNICATION AND BUSINESS RELATIONSHIPS BETWEEN BUYERS AND SELLERS OF DUTY FREE PRODUCTS. GOVERNMENT RELATIONS - IAADFS PROVIDES OTHER MEMBERSHIP SERVICES, INCLUDING AN ONGOING GOVERNMENT RELATIONS PROGRAM WHICH MONITORS ACTIVITIES THAT MIGHT HAVE AN IMPACT ON IAADFS MEMBERS AND RESPONDS ACCORDINGLY. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 1 0 1 1 0 1 1 0 0 1 1 0 0 1 1 0 0 0 X SMITHBUCKLIN CORP 2023671184 2001 K STREET NW 300 WASHINGTON DC 20006 X RENE RIEDI CHAIR 1.00 X X 0 0 0 ERASMO ORILLAC VICE CHAIR 1.00 X X 0 0 0 MICHAEL HALPERN TREASURER & SECRETARY 1.00 X 0 0 0 JULIA SEVE DIRECTOR UNTIL JANUARY 2025 1.00 X 0 0 0 PETRINA KHO DIRECTOR AS OF JANUARY 2025 1.00 X 0 0 0 NUNO DO AMARAL DIRECTOR UNTIL JUNE 2025 1.00 X 0 0 0 MARK MARIANI DIRECTOR 1.00 X 0 0 0 LISA BAUER DIRECTOR 1.00 X 0 0 0 FELIPE GRANT DIRECTOR 1.00 X 0 0 0 JORDI MARTIN-CONSUEGRA DIRECTOR AS OF MAY 2025 1.00 X 0 0 0 MARKUS SUTER DIRECTOR 1.00 X 0 0 0 GREG FORD DIRECTOR 1.00 X 0 0 0 PAT MOLLOY DIRECTOR AS OF DECEMBER 2024 1.00 X 0 0 0 MICHAEL PAYNE PRESIDENT AND CEO 20.00 X 0 0 0 STEVEN ANTOLICK EXECUTIVE DIRECTOR 20.00 X 0 0 0 0 0 0 0 0 0 0 SMITHBUCKLIN CORPORATION 2001 K STREET NW 300 WASHINGTON DC 20006 MANAGEMENT INCL. EXEC DIR COMP 489896 1 CONVENTION 611430 826868 826868 MEMBERSHIP DUES 611710 112500 112500 939368 100175 100175 1039543 939368 0 100175 449000 2403 11600 175 47830 37970 1000 18152 583196 6330 MISCELLANEOUS EXPENSES 4133 1161789 271840 85099 2169623 2262928 69732 25500 469 637 19503 28910 2531167 2403074 13616 5057 13616 5057 X 2517551 2398017 2517551 2398017 2531167 2403074 -122246 2712 0 X X 0 1 X 1 0 0 1 0 0 X 1042080 2712 2712 1039368 175 175 1039543 1161614 0 1161614 175 175 1161789 PART X, LINE 2: IAADFS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. FORM 990, PART VI, SECTION A, LINE 3 IAADFS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS AGREEMENT, IAADFS MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES. FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION AMENDED ITS BYLAWS ON MAY 12, 2025. THE AMENDMENTS UPDATED BOARD AND OFFICER GOVERNANCE PROVISIONS, INCLUDING DIRECTOR AND OFFICER TERM RULES AND INCLUSION OF THE PAST PRESIDENT AS AN EX OFFICIO VOTING MEMBER OF THE BOARD. THE AMENDMENTS ALSO UPDATED PROCEDURES FOR MEMBER MEETINGS, INCLUDING VIRTUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE THREE CLASSES OF MEMBERSHIP IN THE ASSOCIATION: OPERATOR MEMBERS: OPERATOR MEMBERS SHALL BE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF A DUTY FREE OR TRAVEL RETAIL CONCESSION IN ONE OR MORE OF THE FOLLOWING CATEGORIES: AIRPORT, CRUISE, BORDER, INFLIGHT, FERRY, DIPLOMATIC, AND OTHER REGULAR DUTY FREE AND TRAVEL RETAIL CHANNELS. OPERATOR MEMBERS SHALL BE ENTITLED TO ALL BENEFITS OF THE ASSOCIATION AND ARE ELIGIBLE TO SERVE ON THE BOARD AND BECOME OFFICERS OF THE ASSOCIATION. SUPPLIER MEMBERS: SUPPLIER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES ENGAGED IN THE BUSINESS OF MANUFACTURING, DISTRIBUTING, SUPPLYING, DEALING IN OR SELLING PRODUCTS OR SERVICES CUSTOMARILY USED OR SOLD BY THE OPERATOR MEMBERS OF THE ASSOCIATION IN THEIR DUTY FREE OR TRAVEL RETAIL STORES, PROVIDED THAT ANY INDIVIDUAL, CORPORATION OR OTHER ENTITY APPLYING FOR SUPPLIER MEMBERSHIP (THE "APPLICANT") SHALL HAVE OBTAINED A REFERENCE FROM TWO (2) OPERATOR MEMBERS STATING THAT A COMPARABLE PRODUCT OR SERVICE IS BEING SOLD IN A DUTY FREE STORE OPERATED BY THOSE TWO OPERATOR MEMBERS, AND PROVIDED FURTHER THAT THE APPLICANT ITSELF EITHER (1) HAS MADE SALES OF PRODUCTS OR SERVICES TO AT LEAST TWO (2) OPERATOR MEMBERS; OR (2) IN THE JUDGMENT OF THE BOARD OF DIRECTORS ("BOARD OF DIRECTORS") PROVIDES AN INNOVATIVE OR NEW PRODUCT, SERVICE, OR LINE OF MERCHANDISE APPLICABLE TO DUTY FREE STORES. SUPPLIER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, SHALL HAVE VOTING RIGHTS, BUT SHALL NOT HOLD OFFICE. HONORARY MEMBERS: HONORARY MEMBERSHIP MAY BE CONFERRED BY RECOMMENDATIONS FROM ANY MEMBER UPON APPROVAL BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. HONORARY MEMBERS SHALL RECEIVE ASSOCIATION PUBLICATIONS AND MAY ATTEND CONVENTIONS AND MEETINGS, BUT SHALL NOT HOLD OFFICE, NOR HAVE THE RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS OF THE ASSOCIATION SHALL MEET ANNUALLY TO ELECT A BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO AND/OR EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND DISTRIBUTES A COPY TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR ITS PROCESS FOR SELECTING AN INDEPENDENT AUDITOR DURING THE TAX YEAR.