Form 990 for tax year 2023
Filed by INTERNATIONAL LIQUID TERMINALS ASSOCIATION.
Totals
- Total revenue
- $4,077,435
- Total expenses
- $4,530,670
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,064,375
- Investment income
- $13,060
- Other revenue
- $0
- Total assets, end of year
- $2,568,991
- Total liabilities, end of year
- $2,180,591
- Net assets or fund balances, end of year
- $388,400
- 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: TRADESHOW AND CONFEREN
total $2,102,705 · related or exempt $2,102,705
-
2b · Program service revenue: MEMBERSHIP DUES
total $1,590,612 · related or exempt $1,590,612
-
2c · Program service revenue: SPONSORSHIP
total $260,959 · related or exempt $260,959
-
2d · Program service revenue: ADVERTISING INCOME
total $46,675 · unrelated business $46,675
-
2e · Program service revenue: MEETINGS
total $33,135 · related or exempt $33,135
-
2f · All other program service revenue
total $30,289 · related or exempt $30,289
-
3 · Investment income
total $50,592 · excluded $50,592
-
7a · Gross sales of assets other than inventory
securities $314,242
-
7b · Less cost or other basis and sales expenses
securities $326,269 · other assets $25,505
-
7c · Gain or loss
securities -$12,027 · other assets -$25,505
-
7d · Net gain or loss
total -$37,532 · excluded -$37,532
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $833,409
-
7 · Other salaries and wages
total $562,521
-
8 · Pension plan contributions
total $32,766
-
9 · Other employee benefits
total $62,126
-
10 · Payroll taxes
total $86,517
-
11b · Fees: legal
total $374,186
-
11c · Fees: accounting
total $89,781
-
11g · Fees: other
total $122,651
-
12 · Advertising and promotion
total $13,692
-
13 · Office expenses
total $65,067
-
14 · Information technology
total $149,727
-
16 · Occupancy
total $168,614
-
19 · Conferences, conventions and meetings
total $1,126,576
-
22 · Depreciation, depletion and amortization
total $24,574
-
23 · Insurance
total $10,863
-
24a · Other expenses: BOARD & COMMITTEE MEETI
total $174,955
-
24b · Other expenses: INDUSTRY RELATIONS
total $161,499
-
24c · Other expenses: LEGISLATIVE AFFAIRS
total $102,551
-
24d · Other expenses: BANK AND CREDIT CREDIT
total $77,252
-
24e · All other expenses
total $291,343
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $785,905 · end of year $447,696
-
4 · Accounts receivable
beginning of year $128,942 · end of year $485
-
9 · Prepaid expenses and deferred charges
beginning of year $329,947 · end of year $434,498
-
10a · Land, buildings and equipment: cost or other basis
$93,604
-
10b · Land, buildings and equipment: accumulated depreciation
$73,843
-
10c · Land, buildings and equipment, net
beginning of year $51,689 · end of year $19,761
-
12 · Investments: other securities
beginning of year $1,452,976 · end of year $1,568,320
-
14 · Intangible assets
beginning of year $49,229 · end of year $37,101
-
15 · Other assets
beginning of year $157,938 · end of year $61,130
-
17 · Accounts payable and accrued expenses
beginning of year $201,439 · end of year $359,825
-
19 · Deferred revenue
beginning of year $1,886,805 · end of year $1,820,766
-
25 · Other liabilities
beginning of year $165,910 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $702,472 · end of year $388,400
Mission and programs · 2023
Mission
TO BENEFIT OUR MEMBERS BY PROVIDING RESOURCES THAT ENABLE THE LIQUID TERMINAL INDUSTRY TO THRIVE.
Activities or mission (Part I)
FOUNDED IN 1974, THE INTERNATIONAL LIQUID TERMINALS ASSOCIATION (ILTA) IS AN ADVOCATE AND KEY RESOURCE FOR THE LIQUID TERMINAL INDUSTRY. WITH HEADQUARTERS IN THE WASHINGTON, DC, AREA, ILTA ADVOCATES ON BEHALF OF THE LIQUID TERMINAL INDUSTRY IN CONGRESS AND AT THE FEDERAL AGENCIES. ILTA ALSO MAINTAINS CLOSE WORKING RELATIONSHIPS WITH OTHER ORGANIZATIONS THAT INTERACT WITH THE TANK STORAGE INDUSTRY.
-
ILTA MEMBERS REPRESENT A DIVERSE GROUP OF COMPANIES THAT ARE A CRITICAL LINK IN THE TRANSPORTATION SYSTEMS FOR LIQUID COMMODITIES. ILTA HAS TWO MEMBERSHIP CATEGORIES: TERMINAL MEMBERS AND SUPPLIER MEMBERS. ALL OF ILTA'S MEMBERS, LARGE AND SMALL, SHARE THE BELIEF THAT A UNIFIED ASSOCIATION IS IN THEIR BEST INTEREST. AS AN ASSOCIATION, WE ENABLE OUR MEMBERS TO POOL THEIR RESOURCES TO MORE EFFECTIVELY MONITOR AND HELP TO SHAPE GOVERNMENT LAWS AND REGULATIONS, AND TO FOSTER EDUCATIONAL, TRAINING, AND NETWORKING OPPORTUNITIES FOR THE ENTIRE INDUSTRY.
-
ILTA HOSTS A NUMBER OF MEETINGS AND TRAINING PROGRAMS ON AN ANNUAL BASIS. THESE EVENTS FOCUS ON A RANGE OF TOPICS, OFFERING ATTENDEES THE MOST CURRENT INFORMATION ON INDUSTRY TRENDS, REGULATORY DEVELOPMENTS AND POLICY ISSUES. SOME MEETINGS ARE OPEN TO ALL TERMINAL INDUSTRY PROFESSIONALS WHILE OTHERS ARE EXCLUSIVELY FOR ILTA MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Timothy C WintersTIMOTHY C WINTERS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
T Pratt SummersT PRATT SUMMERS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Eric ConardERIC CONARD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Joshua A EtzelJOSHUA A ETZEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bernt A NetlandBERNT A NETLAND
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
James BanyJAMES BANY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sharon BeemerSHARON BEEMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karl BernardKARL BERNARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vincent Di CosimoVINCENT DI COSIMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James HillJAMES HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan HuntJONATHAN HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Traci L Johnson PETRACI L JOHNSON PE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Don KrainDON KRAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melanie A LittleMELANIE A LITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn ClayKATHRYN CLAY
PRESIDENT
- Total calculated
- $410,110
- From this org
- $388,714
- From related orgs
- $0
- Other
- $21,396
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $333,714
- Bonus
- $55,000
- Other
- $0
- Deferred
- $19,292
- Nontaxable benefits
- $2,104
- Filer's total
- $410,110
-
Leakhena SwettLEAKHENA SWETT
EXECUTIVE VICE PRESIDENT
- Total calculated
- $239,246
- From this org
- $225,004
- From related orgs
- $0
- Other
- $14,242
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,004
- Bonus
- $23,000
- Other
- $0
- Deferred
- $13,500
- Nontaxable benefits
- $742
- Filer's total
- $239,246
-
Michael Stroud JrMICHAEL STROUD JR
VICE PRESIDENT OF GOVERNMENT RELATIONS
- Total calculated
- $184,052
- From this org
- $165,846
- From related orgs
- $0
- Other
- $18,206
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,846
- Bonus
- $0
- Other
- $0
- Deferred
- $6,480
- Nontaxable benefits
- $11,726
- Filer's total
- $184,052
-
Meredith DezemlerMEREDITH DEZEMLER
SENIOR DIRECTOR OF EVENTS AND MEMBERSHIP
- Total calculated
- $155,904
- From this org
- $138,578
- From related orgs
- $0
- Other
- $17,326
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,578
- Bonus
- $10,000
- Other
- $0
- Deferred
- $8,315
- Nontaxable benefits
- $9,011
- Filer's total
- $155,904
-
Johnathan CruzJOHNATHAN CRUZ
SENIOR DIRECTOR OF GOVERNMENT AFFAIRS
- Total calculated
- $120,411
- From this org
- $108,415
- From related orgs
- $0
- Other
- $11,996
- 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. 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 · 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD WILL APPROVE THE CEO'S SALARY ON AN ANNUAL BASIS.
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
No itemized grants to organizations 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.
-
INTERNATIONAL LIQUID TERMINALS ASSOCITION POLITICAL ACTION COMMITTEE
527 · POLITICAL ACTIVITY · VA
Directly controlled by INTERNATIONAL LIQUID TERMINALS ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202431949349301018
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