2017-10-09T07:09:00-05:00 2017-05-31 390758449 Wipfli LLP 7601 France Avenue South Suite 400 Minneapolis MN 55435 990 2016-06-01 410434680 Industrial Fabrics Association International INDU 6512222508 1801 County Road B West Roseville MN 551134061 Mary Hennessy President & CEO 6512222508 2017-09-18 1 Lisa Desotelle CPA P00952721 9525483400 2017-09-18 50.249.107.123 2017-09-18 09:01:48 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BB3069DA9F6047B5836CE2952E0AE234800C2778 2016 2021-01-29 14:40:06Z IFAI Mary Hennessy 1801 County Road B West Roseville MN 551134061 10385117 0 X www.ifai.com X 1912 MN Provide trade association services to the members of the specialty fabrics marketplace. 12 12 73 100 3044200 -158206 0 0 8559213 9783175 253307 126128 31542 80278 8844062 9989581 19572 0 0 0 4043863 4229084 0 0 0 4682709 5366830 8746144 9595914 97918 393667 7306966 8063846 4757670 4862453 2549296 3201393 X 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. IFAI WILL ACT WITH INTEGRITY AND PROFESSIONALISM IN PROVIDING A TANGIBLE VALUE TO ITS MEMBERS. 0 0 Membership:IFAI membership consists of general membership dues and IFAI division and country memberships which are specific to the group and not part of IFAI general revenues. Conferences:IFAI events include the IFAI Expo America's, IFAI Geosynthetics Expo and Advanced Textiles Conference. Other IFAI division and country events are specific to the group and not part of IFAI general revenues. 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 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 60 0 1 73 1 1 1 0 0 0 1 1 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X Mary Hennessy 6512222508 1801 County Road B West Roseville MN 55113 Amy Bircher Director 3.00 X 0 0 0 Dennis Bueker Director 3.00 X 0 0 0 Roy Chism Director 3.00 X 0 0 0 Gifford Del Grande Director 3.00 X 0 0 0 Scott Massey Director 3.00 X 0 0 0 Brian Rowinski Director 3.00 X 0 0 0 Robert L Rosania Director (Thru October) 3.00 X 0 0 0 David Segal Director 3.00 X 0 0 0 Craig Zola Director 3.00 X 0 0 0 Katie Bradford Chairman of the Board 5.00 X X 0 0 0 Steven Ellington 1st Vice Chairman 3.00 X X 0 0 0 Kathy Schaefer 2nd Vice Chairman 3.00 X X 0 0 0 Scott Campbell Immediate Past Chairman 3.00 X X 0 0 0 David Clarke Immediate Past Chairman (Thru October) 3.00 X X 0 0 0 Mary Hennessy President & CEO 37.50 X 221872 0 5260 Sheila Sumner V.P. Finance & Tech Srvcs 35.00 X 80155 0 8076 Andrew Aho V.P. Operations 37.50 X 112644 0 4653 Steve Schiffman V.P. Media & Sales 37.50 X 121239 0 7674 Martha Naughton Director, Marketing & Design 37.50 X 81588 0 4690 617498 0 30353 3 0 1 0 Royle Printing Co 745 Bird Street Sun Prairie WI 53590 Publishing Services 509524 Whitmer & Worrall LLC 1901 Pennsylvania Avenue Northwest Washington DC 20006 Lobbying Services 270271 Abila Inc PO Box 123395 Dallas TX 75312 Software & Services 231404 Freeman Decorating Co PO Box 650036 Dallas TX 75265 Expo Services 201722 Charlotte Convention Center 501 South College Street Charlotte NC 28202 Expo Services 179817 13 Conferences 611430 4309708 4309708 Advertising & Publication 541800 3014869 29251 2985618 Membership dues 900099 2458598 2458598 9783175 67546 67546 2926 2926 454118 378879 16657 75239 -16657 58582 58582 5793 0 5793 5793 Deferred Tax Credit 900099 40200 40200 Bad Debt Recoveries 900099 2325 2325 29034 29034 71559 9989581 6805675 3044200 139706 646283 2893628 72692 335798 280683 10000 161289 23988 270271 29770 181054 133858 923725 275525 294798 377007 2177775 1761 260841 Editorial 114008 Dues & Subscriptions 43225 Circulation 14486 Research and Education 1354 72095 9595914 438249 441581 14220 24233 448454 487322 25905 18012 325608 466086 3852235 1592255 2401867 2259980 3584863 4258632 67800 108000 7306966 8063846 666244 641547 4091426 4220906 4757670 4862453 X 2549296 3201393 2549296 3201393 7306966 8063846 393667 258430 0 X 0 1 X 1 0 0 0 0 2458598 270271 270271 368790 -98519 141000 141000 1847238 831346 1015892 724884 513170 211714 1139113 247739 891374 2259980 X 10214155 258430 258430 9955725 33856 33856 9989581 9562058 0 9562058 33856 33856 9595914 Part X, Line 2: IFAI ASSESSES WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF 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 THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. Part XI, Line 4b - Other Adjustments: Investment Management Fees 29,770. Investment Interest Expense 1,761. Bad Debt Recoveries 2,325. Part XII, Line 4b - Other Adjustments: Investment Interest Expense 1,761. Investment Management Fees 29,770. Bad Debt Recoveries 2,325. Japan 0 1 Membership services Japan Membership Division, meetings, and Expo China 0 1 Membership Services Membership services and meetings 56739 New Zealand 0 1 Membership Services Membership Services 0 3 0 0 0 3 56739 0 56739 0 0 0 0 0 0 X X X 0 0 0 Mary Hennessy President & CEO 171872 0 50000 0 0 0 4319 0 941 0 227132 0 0 0 Form 990, Part VI, Section A, line 2 As a trade association, members routinely do business with other members of the association. The association's Board of Directors are employed by member companies. 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. 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 CFO 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 A written monitoring policy is periodically reviewed by the board. When a conflict arises, it is initially reported to the Chairman. Once it is reported, two-thirds affirmative vote of board members present decide if it is a conflict. If a board member has a conflict they are to abstain from voting. If a member does not disclose a conflict the board has the option to remove the board member for violating the policy. Form 990, Part VI, Section B, line 15 Compensation for the President & CEO is determined by Human Resources Benchmarking and then reviewed and approved by the Board of Directors. Other Officer and top management compensation is determined by human resource benchmarking, market circumstances and with final decision by the President & CEO. Form 990, Part VI, Section C, line 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENS AVAILABLE TO THE PUBLIC. 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 International 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0