2020-10-08T13:36:24-05:00 2020-05-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-06-01 410434680 INDUSTRIAL FABRICS ASSOCIATION INTERNATIONAL INDU 6512222508 1801 COUNTY ROAD B WEST ROSEVILLE MN 55113 STEVE SCHIFFMAN PRESIDENT & CEO 6512222508 2020-10-07 1 JOHN TAUER P00294068 6123764500 2020-10-07 67.137.57.251 2020-10-07 13:08:46 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2546B713F7E481D53EBD38AC5C56AAB7076177B 2019 2021-04-22 16:20:28Z IFAI STEVE SCHIFFMAN 1801 COUNTY ROAD B WEST ROSEVILLE MN 55113 9070367 0 X WWW.IFAI.COM X 1922 MN PROVIDE TRADE ASSOCIATION SERVICES TO THE MEMBERS OF THE SPECIALTY FABRICS MARKETPLACE. 12 12 74 80 2761414 3303 14000 0 8551502 7622780 228689 200328 34449 149386 8828640 7972494 0 41 0 0 4465307 4388107 0 0 0 4415166 3662200 8880473 8050348 -51833 -77854 7647778 8081167 3846691 4397820 3801087 3683347 TO CONTRIBUTE TO THE PROSPERITY OF THE SPECIALTY FABRICS INDUSTRY BY PROVIDING A GLOBAL MARKETPLACE FOR INNOVATIVE PRODUCTS AND SERVICES, RELEVANT EDUCATION, PROMOTION AND NETWORKING OPPORTUNITIES. 0 0 MEMBERSHIP - IFAI (INDUSTRIAL FABRIC ASSOCIATION INTERNATIONAL) MEMBERSHIP CONSISTS OF GENERAL MEMBERSHIP DUES, IFAI DIVISION AND COUNTRY MEMBERSHIPS, AND COUNCIL DUES. COUNCIL DUES ARE PASSED ONTO THE DIVISION. DURING THE FISCAL YEAR, IFAI HAD 1,422 MEMBERS. TRADE SHOWS - IFAI EVENTS INCLUDE THE IFAI EXPO, IFAI GEOSYNTHETICS EXPO AND WOMENS CONFERENCE. OTHER IFAI DIVISION AND COUNTRY EVENTS ARE SPECIFIC TO THE COST CENTER. IFAI HELD 6 TRADE SHOWS THROUGHOUT FY20. PUBLICATIONS - IFAI PUBLISHES FOUR TRADE MAGAZINES ALONG WITH A MEMBER DIRECTORY, BUYER'S GUIDES AND EXPOSITION GUIDES. THE ORGANIZATION HAS ALSO EXPANDED INTO DIGITAL PUBLICATIONS. IFAI PUBLISHED 32 ISSUES AND 6 PUBLICATIONS IN FY20. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 46 0 1 74 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X STEVEN SCHIFFMAN 6512222508 1801 COUNTY ROAD B WEST ROSEVILLE MN 55113 STEVE SCHIFFMAN PRESIDENT AND CEO 37.50 X 213436 0 7843 AMY COLLINS DIRECTOR MARKETING & DESIGN 37.50 X 121829 0 0 SHEILA SUMNER VP FINANCE & ADMIN 37.50 X 113776 0 7157 ANDREW AHO VP OPERATIONS 37.50 X 86161 0 7008 KATHY SCHAEFER 1ST VICE CHAIRMAN/CHAIRMAN 3.00 X X 6000 0 0 AMY BIRCHER 2ND VICE CHAIRMAIN/1ST VICE CHAIRMAN 3.00 X X 0 0 0 ROY CHISM 2ND VICE CHAIRMAN 3.00 X X 0 0 0 STEVEN ELLINGTON CHAIRMAN/IMMEDIATE PAST CHAIRMAN 3.00 X X 6000 0 0 KATIE BRADFORD PAST CHAIR 3.00 X 0 0 0 DENNIS BUEKER DIRECTOR 3.00 X 0 0 0 KEITH GARDNER DIRECTOR 3.00 X 0 0 0 RON HOULE DIRECTOR 3.00 X 0 0 0 SCOTT MASSEY DIRECTOR 3.00 X 0 0 0 WILLIAM MORSE DIRECTOR 3.00 X 0 0 0 JONATHAN PALMER DIRECTOR 3.00 X 0 0 0 BRIAN ROWINSKI DIRECTOR 3.00 X 0 0 0 DAVID SEGAL DIRECTOR 3.00 X 0 0 0 MARC SHELLSHEAR DIRECTOR 3.00 X 0 0 0 CRAIG ZOLA DIRECTOR 3.00 X 0 0 0 547202 0 22008 3 0 1 0 ROYLE PRINTING CO 745 BIRD STREET SUN PRAIRIE WI 53590 PUBLISHING SERVICES 441413 WHITMER & WORRALL LLC 1901 PENNSYLVANIA AVENUE NORTHWEST WASHINGTON DC 20006 LOBBYING SERVICES 244792 MARSDEN BUILDING MAINTENANCE LLC 1717 UNIVERSITY AVE W ST PAUL MN 55114 MAINTENANCE SERVICES 219577 FREEMAN COMPANIES PO BOX 650036 DALLAS TX 75265 EVENT FACILITATION 165419 4 TRADE SHOWS 611430 3147188 2941578 205610 ADVERTISING & PUBLICATIONS 541800 2745016 2745016 MEMBERSHIP DUES 900099 1424444 1424444 DIVISION/COUNTY EVENTS 900099 304922 304922 ANCILLARY PROGRAMS 900099 1210 1210 7622780 89398 89398 12646 12646 1204601 1017364 76307 187237 -76307 110930 110930 21970 4202 17768 16398 1370 MISCELLANEOUS INCOME 900099 118972 118972 118972 7972494 4672154 2761414 538926 41 438334 3149500 63968 465115 271190 8594 18553 297008 29376 311755 142572 102259 73088 448357 245076 968793 6500 223836 67508 EDITORIAL & PRODUCTION 622233 MISCELLANEOUS EXPENSES 96692 8050348 171238 963326 24160 26322 498571 518842 27773 23572 567212 552217 4304947 2169683 2203509 2135264 4059215 3708624 96100 153000 7647778 8081167 610942 498741 3139 43726 3048948 2798883 750000 150000 183662 156470 3846691 4397820 X 3801087 3683347 3801087 3683347 7647778 8081167 X -77854 4313 -44199 X X 0 1 X 1 0 0 0 0 1424444 297008 53335 350343 356111 -5768 141000 141000 2015753 1017217 998536 1055145 692302 362843 1093049 460164 632885 2135264 DEFERRED SOLAR LEASE LIABILITY 125125 CUSTOMER DEPOSITS 31345 156470 X 7907434 4313 -39997 -35684 7943118 29376 29376 7972494 8025174 4202 4202 8020972 29376 29376 8050348 PART X, LINE 2: IFAI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. IFAI ENGAGES IN ADVERTISING FOR ITS PUBLICATIONS AND WEBSITE. THESE ACTIVITIES ARE CONSIDERED UNRELATED BUSINESS ACTIVITIES AND ARE SUBJECT TO TAXATION. IFAI ASSESSES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OR THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THE TAX POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,202. LOSS ON OPERATIONS DUE TO COVID -44,199. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,202. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSULTANT AND SELLING FEES 61822 0 0 0 0 0 0 61822 0 61822 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X 0 0 0 STEVE SCHIFFMAN PRESIDENT AND CEO 171346 0 42000 0 90 0 0 0 7843 0 221279 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS FOUR MEMBERSHIP CLASSIFICATIONS IN THE ASSOCIATION: GENERAL, INDIVIDUAL, AFFILIATE AND HONORED LIFE MEMBERS. GENERAL MEMBERS: ANY COMPANY OR ORGANIZATION WHOSE PRIMARY BUSINESS OBJECTIVE IS TO SUPPLY GOODS OR SERVICES USED BY AN END PRODUCT MANUFACTURER. ALSO, ANY COMPANY OR ORGANIZATION WHOSE PRIMARY BUSINESS OBJECTIVE IS THE MANUFACTURE, SALE, OR RENTAL OF PRODUCTS MADE IN WHOLE OR IN PART FROM INDUSTRIAL/TECHNICAL FABRICS. INDIVIDUAL MEMBERS: AN INDIVIDUAL WHO WISHES TO BUY A MEMBERSHIP THAT IS NOT PART OF AN ELIGIBLE COMPANY OR ORGANIZATION. AFFILIATE MEMBERS: OTHER ASSOCIATIONS, PUBLICATIONS, ACCREDITED POST-SECONDARY INSTITUTIONS AND GOVERNMENT AGENCIES. HONORED LIFE MEMBERS: ANY INDIVIDUAL, BY APPROVAL AND AT THE DISCRETION OF THE BOARD OF DIRECTORS, CAN BE GRANTED THE DESIGNATION. THE HONOR MAY BE BESTOWED ON AN INDIVIDUAL WHO IS A LONGSTANDING END PRODUCT MANUFACTURER OR SUPPLIER MEMBER OF THE ASSOCIATION WHO ALSO MEETS TWO OTHER QUALIFICATIONS DOCUMENTED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE GENERAL MEMBERSHIP OF THE ORGANIZATION HAS THE RIGHT TO ELECT DIRECTORS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE GENERAL MEMBERS VOTE ON ANY BOARD ELECTIONS AND ALL BYLAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE VP FINANCE AND THEN PRESENTED TO THE PRESIDENT. THE PRESIDENT REVIEWS AND SIGNS THE FORM 990 BEFORE SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND THE PRESIDENT ARE COVERED UNDER THE POLICY. THIS IS MONITORED ANNUALLY AT NOMINATION/ELECTION TIME. DURING THE FEBRUARY OR MARCH BOARD MEETING, THE POLICY IS REVIEWED AND ACKNOWLEDGED BY THE BOARD AS A WHOLE. CONFLICTS OF INTEREST ARE BROUGHT TO THE CEO, THEN REVIEWED BY OTHER "DISINTERESTED" BOARD MEMBERS AND A DETERMINATION IS MADE AT THAT TIME. RESOLUTIONS VARY FROM NOT BEING ABLE TO VOTE TO BEING REMOVED FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY HUMAN RESOURCES BENCHMARKING AND THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2019. OTHER OFFICER AND TOP MANAGEMENT COMPENSATION IS DETERMINED BY HUMAN RESOURCE BENCHMARKING, MARKET CIRCUMSTANCES AND WITH FINAL DECISION BY THE PRESIDENT & CEO AND CONSIDERATION OF THE BOARD APPROVED BUDGET. THIS PROCESS WAS LAST COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 ANNUAL FINANCIAL STATEMENT IS PROVIDED TO ALL MEMBERS POST AUDIT. FORM 990, PART XI, LINE 9: LOSS ON OPERATIONS DUE TO COVID-19 -44,199. FORM 990, PART XI, LINE 2C THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INDUSTRIAL FABRICS FOUNDATION 1801 COUNTY ROAD B WEST SUITE 201 ROSEVILLE MN 55113 522164483 GRANT MAKING MN 501(C)(3) LINE 10 INDUSTRIAL FABRICS ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0