2019-10-16T13:57:42-05:00 2019-05-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-06-01 410434680 INDUSTRIAL FABRICS ASSOCIATION INTERNATIONAL INDU 6512222508 1801 COUNTY ROAD B WEST ROSEVILLE MN 55113 STEVE SCHIFFMAN PRESIDENT & CEO 6512222508 2019-10-14 1 JOHN TAUER P00294068 6123764500 67.137.57.251 2019-10-14 14:47:22 CD P 06C6282D018575128FE0891D0F3A4E057D2D2323 58F2D0DD0879FA3AB054D05BB1806533834C1440 2018 2020-01-14 16:20:31Z IFAI STEVE SCHIFFMAN 1801 COUNTY ROAD B WEST ROSEVILLE MN 55113 8955420 0 X WWW.IFAI.COM X 1912 MN PROVIDE TRADE ASSOCIATION SERVICES TO THE MEMBERS OF THE SPECIALTY FABRICS MARKETPLACE. 12 12 70 100 2983194 0 14000 14000 7863377 8551502 180443 228689 41558 34449 8099378 8828640 0 0 0 0 4341312 4465307 0 0 0 4135176 4415166 8476488 8880473 -377110 -51833 7951640 7647778 3980006 3846691 3971634 3801087 IFAI WILL 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 MEMBERSHIP CONSISTS OF GENERAL MEMBERSHIP DUES, IFAI DIVISION AND COUNTRY MEMBERSHIPS, AND COUNCIL DUES. COUNCIL DUES ARE PASSED ONTO THE DIVISION. CONFERENCES - IFAI EVENTS INCLUDE THE IFAI EXPO, IFAI GEOSYNTHETICS EXPO AND WOMENS CONFERENCE. OTHER IFAI DIVISION AND COUNTRY EVENTS ARE SPECIFIC TO THE COST CENTER. 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. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 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 42 0 70 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 DENNIS BUEKER DIRECTOR 3.00 X 0 0 0 ROY CHISM DIRECTOR 3.00 X 0 0 0 KEITH GARDNER 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 BRIAN ROWINSKI DIRECTOR 3.00 X 0 0 0 DAVID SEGAL DIRECTOR 3.00 X 0 0 0 CRAIG ZOLA DIRECTOR 3.00 X 0 0 0 STEVEN ELLINGTON CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 KATHY SCHAEFER 1ST VICE CHAIRMAN 3.00 X X 0 0 0 AMY BIRCHER 2ND VICE CHAIRMAN 3.00 X X 0 0 0 KATIE BRADFORD IMMEDIATE PAST CHAIRMAN 3.00 X X 0 0 0 SHEILA SUMNER VP FINANCE & ADMINISTRATIO 37.50 X 107719 0 1750 STEVE SCHIFFMAN PRESIDENT AND CEO 37.50 X 153177 0 1802 260896 0 3552 2 0 1 0 ROYLE PRINTING CO 745 BIRD STREET SUN PRAIRIE WI 53590 PUBLISHING SERVICES 442014 WHITMER & WORRALL LLC 1901 PENNSYLVANIA AVENUE NORTHWEST WASHINGTON DC 20006 LOBBYING SERVICES 218440 FREEMAN DECORATING CO PO BOX 650036 DALLAS TX 75265 EXPO SERVICES 159384 KBH CONVENTION CENTER DALLAS 650 SOUTH GRIFFIN STREET DALLAS TX 75202 EXPO SERVICES 148795 MARSDEN BUILDING MAINTENANCE LLC 1717 UNIVERSITY AVE W ST PAUL MN 55114 MAINTENANCE SERVICES 126914 5 14000 14000 CONFERENCES 611430 3550073 3550073 ADVERTISING & PUBLICATIONS 541800 2983194 2983194 MEMBERSHIP DUES 900099 1989824 1989824 ANCILLARY PROGRAMS 900099 28411 28411 8551502 103674 103674 11482 11482 250000 124985 125015 125015 125015 2310 1795 515 515 22452 22452 22452 8828640 5568308 2983194 263138 298469 3323566 61241 501114 280917 8094 17508 256560 30887 403772 143780 86907 122334 459163 302659 1435510 1891 291267 75563 EDITORIAL AND PRODUCTIO 688198 MISCELLANEOUS EXPENSES 91073 8880473 412207 171238 24435 24160 460399 498571 29568 27773 548471 567212 4209188 2005679 2138710 2203509 4229850 4059215 108000 96100 7951640 7647778 642025 660701 3337981 3048948 0 137042 3980006 3846691 X 3971634 3801087 3971634 3801087 7951640 7647778 -51833 -118714 0 X 0 1 X 1 0 0 0 0 1305882 256560 123246 379806 326471 53335 141000 141000 1973173 932280 1040893 952167 629566 322601 1142848 443833 699015 2203509 DEFERRED SOLAR LEASE LIABILITY 137042 137042 X 8680834 -118714 1795 -116919 8797753 30887 30887 8828640 8851381 1795 1795 8849586 30887 30887 8880473 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 1,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,795. X X X 0 0 0 STEVE SCHIFFMAN PRESIDENT AND CEO 149304 0 3873 0 0 0 0 0 1802 0 154979 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. 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 2018. 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. 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 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0