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← INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INC

Form 990 for tax year 2022

Filed by INTERNATIONAL ASSOCIATION OF AIRPORT DUTY FREE STORES INC.

Totals

Total revenue
$1,046,701
Total expenses
$1,266,441
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$995,637
Investment income
$50,564
Other revenue
$500
Total assets, end of year
$2,523,446
Total liabilities, end of year
$14,488
Net assets or fund balances, end of year
$2,508,958
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: CONVENTION

    total $938,612 · related or exempt $938,612

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $57,025 · related or exempt $57,025

  • 3 · Investment income

    total $50,564 · excluded $50,564

  • 11a · Other revenue: MISCELLANEOUS

    total $500 · excluded $500

  • 11e · Other revenue, total

    $500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $531,482

  • 11b · Fees: legal

    total $4,764

  • 11c · Fees: accounting

    total $10,500

  • 11f · Fees: investment management

    total $384

  • 11g · Fees: other

    total $27,317

  • 13 · Office expenses

    total $31,060

  • 14 · Information technology

    total $300

  • 17 · Travel

    total $22,943

  • 19 · Conferences, conventions and meetings

    total $602,269

  • 23 · Insurance

    total $7,068

  • 24a · Other expenses: MISCELLANEOUS

    total $15,705

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $12,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,818 · end of year $81,582

  • 2 · Savings and temporary cash investments

    beginning of year $2,588,369 · end of year $2,278,996

  • 4 · Accounts receivable

    beginning of year $40,851 · end of year $86,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,954 · end of year $50,868

  • 15 · Other assets

    beginning of year $6,829 · end of year $25,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,107 · end of year $14,488

  • 19 · Deferred revenue

    beginning of year $9,550

  • 27 · Net assets without donor restrictions

    beginning of year $2,744,164 · end of year $2,508,958

Mission and programs · 2022

Mission

TO PROMOTE THE AIRPORT DUTY FREE INDUSTRY AS AN IMPORTANT SEGMENT OF THE INTERNATIONAL BUSINESS COMMUNITY; PROVIDE ACTIVITIES WHEREBY OPERATORS OF AIRPORT DUTY FREE STORES AND THEIR SUPPLIERS CAN EXCHANGE INFORMATION ON PRODUCTS AND THEIR DUTY FREE MARKET POTENTIAL; AND SERVE AS A COLLECTIVE VOICE IN REPRESENTING THE AIRPORT DUTY FREE INDUSTRY ON COMMON ISSUES AFFECTING THE MEMBERSHIP.

  • 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.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rene Riedi

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Padraig Drennan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Erasmo Orillac

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Halpern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Hancock

    DIRECTOR UNTIL JANUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Enrique Uriqoste

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Snelders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nuno Do Amaral

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Mariani

    DIRECTOR AS OF FEBRUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Michael Payne

    PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411349349303236

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