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← INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADERS

Form 990 for tax year 2022

Filed by INTERNATIONAL SOCIETY OF TRANSPORT AIRCRAFT TRADERS.

Totals

Total revenue
$7,424,463
Total expenses
$8,102,696
Contributions and grants received
$0
Grants paid
$889,161
Program service revenue
$7,210,275
Investment income
$117,084
Other revenue
$97,104
Total assets, end of year
$12,685,056
Total liabilities, end of year
$1,795,094
Net assets or fund balances, end of year
$10,889,962
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONFERENCES AND WORKSHOPS

    total $5,737,861 · related or exempt $5,737,861

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,232,725 · related or exempt $1,232,725

  • 2c · Program service revenue: OTHER

    total $239,689 · related or exempt $239,689

  • 3 · Investment income

    total $323,117 · excluded $323,117

  • 7a · Gross sales of assets other than inventory

    securities $2,987,194

  • 7b · Less cost or other basis and sales expenses

    securities $3,193,227

  • 7c · Gain or loss

    securities -$206,033

  • 7d · Net gain or loss

    total -$206,033 · excluded -$206,033

  • 11a · Other revenue: ADVERTISING

    total $97,104 · unrelated business $97,104

  • 11e · Other revenue, total

    $97,104

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $889,161

  • 5 · Compensation of officers, directors and key employees

    total $186,916

  • 10 · Payroll taxes

    total $61,755

  • 11a · Fees: management

    total $2,014,025

  • 11b · Fees: legal

    total $32,468

  • 11c · Fees: accounting

    total $14,480

  • 11f · Fees: investment management

    total $58,312

  • 11g · Fees: other

    total $390,330

  • 13 · Office expenses

    total $75,846

  • 17 · Travel

    total $112,011

  • 19 · Conferences, conventions and meetings

    total $3,865,111

  • 22 · Depreciation, depletion and amortization

    total $18,300

  • 24a · Other expenses: SPONSORSHIP FULFILLMENT

    total $151,192

  • 24e · All other expenses

    total $232,789

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,811,304 · end of year $1,635,452

  • 4 · Accounts receivable

    beginning of year $329,040 · end of year $418,359

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,095,435 · end of year $1,004,118

  • 10a · Land, buildings and equipment: cost or other basis

    $91,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $91,500

  • 10c · Land, buildings and equipment, net

    beginning of year $18,300 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,695,408 · end of year $9,529,661

  • 15 · Other assets

    beginning of year $0 · end of year $97,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,375,323 · end of year $404,657

  • 19 · Deferred revenue

    beginning of year $1,189,353 · end of year $1,390,437

  • 25 · Other liabilities

    beginning of year $23,001 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $13,361,810 · end of year $10,889,962

Mission and programs · 2022

Mission

PROVIDE MEMBERS WITH THE HIGHEST QUALITY AND BEST-VALUE NETWORKING AND EDUCATION OPPORTUNITIES IN COMMERCIAL AVIATION, ADMINISTERING THE INDUSTRY'S LEADING APPRAISER PROGRAM, AND INVESTING IN THE FUTURE

Activities or mission (Part I)

PROVIDE NETWORKING AND EDUCATIONAL OPPORTUNITIES TO AVIATION PROFESSIONALS.

  • CONFERENCES - ISTAT HOSTS ANNUAL CONFERENCES IN NORTH AMERICA, ASIA, EUROPE AND LATIN AMERICA TO PROVIDE MEMBERS EDUCATIONAL FORUMS

  • AIR SHOW AND HOLIDAY RECEPTIONS - ISTAT HOSTS ANNUAL RECEPTIONS IN CONJUNCTION WITH MAJOR AIRSHOWS AND AROUND THE HOLIDAYS TO PROVIDE

  • EDUCATIONAL AND RESEARCH - ISTAT PROMOTES EDUCATION AND RESEARCH BY INVESTING IN THE FUTURE THROUGH GRANTS TO THE ISTAT FOUNDATION IN SUPPORT OF INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM.

As filed on the 2022 return.

Listed in Part VII

  • Bryson Monteleone

    IAP BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Aoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mamoun Kuzbari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Negline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adam Pilarski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wolfgang Schmid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mylene Scholnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marty Prettyman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marilyn Gan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gerry Laderman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peter Blakeney

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dean Gerber

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeff Straebler

    DIRECTOR, APPRAISERS PROGRAM

    Total calculated
    $198,732
    From this org
    $158,986
    From related orgs
    $0
    Other
    $39,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,986
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,746
    Filer's total
    $198,732

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ISTAT FOUNDATION

    501(C)(3) · SUPPORT INDIVIDUALS & INSTITUTIONS ADVANCING COMMERCIAL AVIATION · IL

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349324784

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