2016-08-09T14:04:56-05:00 2015-12-31 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2015-01-01 521304567 International Society of Transport Aircraft Trading % THE ORGANIZATION INTE 3123215169 330 N Wabash Ave Suite 2000 Chicago IL 60611 JULIE WICHLIN EXECUTIVE DIRECTOR 3123215169 2016-06-15 true David R Siehoff P00175845 6302829500 2015 2016-12-15 16:53:06Z JULIE WICHLIN 330 N Wabash Ave2000 Chicago IL 60611 6900678 false X WWW.ISTAT.ORG X 1984 DE TO PROMOTE IMPROVED COMMUNICATION AMONG THOSE INVOLVED IN AVIATION AND SUPPORTING INDUSTRIES WHO SELL, PURCHASE, FINANCE, LEASE, APPRAISE, INSURE, OR OTHERWISE ARE ENGAGED 18 18 0 17 0 0 0 4761670 5743841 383033 438066 83892 659870 5228595 6841777 643378 464690 0 0 0 0 0 0 0 4547863 4403637 5191241 4868327 37354 1973450 6885186 9012331 952198 1533312 5932988 7479019 TO PROMOTE IMPROVED COMMUNICATION AMONG THOSE INVOLVED IN AVIATION AND SUPPORTING INDUSTRIES WHO SELL, PURCHASE, FINANCE, LEASE, APPRAISE, INSURE, OR OTHERWISE ARE ENGAGED IN ACTIVITIES RELATED TO THE EXCHANGE OF TRANSPORT CATEGORY AIRCRAFT. false CONFERENCE: ISTAT PRESENTS THREE CONFERENCES EACH YEAR. THE CONFERENCES PROVIDE FORUMS FOR DISCUSSION OF AVIATION-RELATED SUBJECTS AIR SHOW RECEPTIONS: ISTAT HOSTS A RECEPTION ANNUALLY IN CONJUNCTION WITH MAJOR AIR SHOWS TO PROVIDE A FORUM FOR ITS MEMBERS AND POTENTIAL MEMBERS TO NETWORK. JETRADER MAGAZINE: JETRADER MAGAZINE IS ISTAT'S QUARTERLY MAGAZINE WHICH HIGHLIGHTS CURRENT AVIATION NEWS AND INFORMATION AND MAJOR ACCOMPLISHMENTS AND EVENTS OF THE SOCIETY. false false false true false false false false false false false false false true true true false false false true false false false true false false true false false false false false false false false false false false false false true false false true 5 0 true 0 false false false false false false X 18 18 false true false true true true false true true false false true true true true true true false false false X THE ORGANIZATION 3123215169 330 N WABASH AVE NO 2000 CHICAGO IL 60611 X JULIE WICHLIN Executive Director 30.0 0.0 X 0 0 0 daNIEL J PIETRZAK Director 2.0 0.0 X 0 0 0 ANTHONY DIAZ Director 2.0 0.0 X 0 0 0 phil seymour Chairman, Bd of govenors 2.0 0.0 X 0 0 0 Steven Townend Director 2.0 0.0 X 0 0 0 John W Vitale Past President 2.0 0.0 X 0 0 0 Mary Prettyman Director 2.0 0.0 X 0 0 0 david sutton Director 2.0 0.0 X 0 0 0 dick forsberg Director 2.0 0.0 X 0 0 0 gerry butler director 2.0 0.0 X 0 0 0 Damon J D'Agostino FOUNDATION CHAIRMAN 2.0 0.0 X 0 0 0 Kostya Zolotusky Director 2.0 0.0 X 0 0 0 James Meyler Director 2.0 0.0 X 0 0 0 MARILYN GAN DIRECTOR 2.0 X 0 0 0 RICHARD OWEN DIRECTOR 2.0 X 0 0 0 MARC ALLINSON President 4.0 0.0 X 0 0 0 Douglas W Runte Treasurer 2.0 0.0 X 0 0 0 David Swan Vice President 2.0 0.0 X 0 0 0 Dean Gerber Secretary 2.0 0.0 X 0 0 0 JEP THORTON Past President 2.0 0.0 X 0 0 0 0 0 0 0 false false false smithbucklin Corporation 330 N wabash Ave chicago IL 60611 management Serv 959986 1 0 CONFERENCES/meetings 900099 4562291 4562291 APPRAISAL PROGRAM FEES 900099 3590 3590 AIR SHOW RECEPTIONS 900099 208290 208290 Membership dues 900099 969670 969670 5743841 434962 434962 0 32007 32007 0 0 0 6187 3083 3104 3104 3104 95508 55818 39690 39690 0 0 MISCELLANEOUS REVENUE - REIMBURSEMENT 588173 588173 588173 6841777 6332014 509763 464690 0 0 0 0 0 0 0 0 0 181496 555 51863 0 0 21360 178934 0 24243 92225 0 0 11873 0 2879942 0 0 0 8073 AIRSHOW EXPENSES 764492 appraisal 59751 Leadership 49440 BANK AND CREDIT CARD FEES 54969 24421 4868327 963596 2749217 0 0 0 0 56080 426235 0 0 0 0 0 0 0 0 529449 573300 0 5336061 5263579 0 0 0 0 0 0 0 0 6885186 9012331 262124 53835 0 0 649476 1474227 0 0 0 0 0 0 0 0 0 0 40598 5250 952198 1533312 X 5932988 7479019 0 0 0 0 5932988 7479019 6885186 9012331 1973450 -427419 X X false true X true false false true false 0 DUE TO FOUNDATION 5250 5250 6470176 -427419 -427419 6897595 -55818 -55818 6841777 4924145 4924145 -55818 -55818 4868327 PART X, LINE 2: PART X, LINE 2: THE SOCIETY RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUBTAINED UPON EXAMINATION. THE SOCIETY HAS NO ONGOING FEDERAL OR STATE INCOME TAX AUDITS. THE SOCIETY IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX AUDITS BEFORE THE 2012 TAX YEAR. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES -55,818 PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -55,818 Middle East and North Africa 0 0 Program Services Networking event 37631 Europe (Including Iceland and Greenland) 0 0 Program Services Networking event 1435242 Central America and the Caribbean 0 0 Program Services Networking event 55453 East Asia and the Pacific 0 0 Program Services Networking event 423258 0 0 0 0 1951584 1951584 false false false false false false Golf Outing 95508 95508 29839 16518 9461 0 95508 95508 29839 16518 9461 55818 39690 true ISTAT FOUNDATION 330 N Wabash Ave CHICAGO IL 60611 541742507 501(C)(3) 464690 Cash funds for scholarships, grants, and educational programs 1 Part I Description of Procedure for Monitoring Use of Funds Maintains records to substantiate grant amounts and eligiblity required by regulations. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: APPRAISAL PROGRAMS: THE APPRAISAL PROGRAM PROVIDES CERTIFICATION AND CONTINUING EDUCATION OPPORTUNITIES FOR THOSE ENGAGED IN THE APPRAISAL FIELD OF AIRCRAFT TRADING. FORM 990, PART VI, SECTION A, LINE 3: SMITHBUCKLIN CORP., AN ASSOCIATION MANAGEMENT COMPANY, MANAGES ALL ASPECTS OF THE ORGANIZATION'S OPERATIONS IN ACCORDANCE WITH ORGANIZATION'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO: ADMINISTRATION, MEMBERSHIP, FINANCE & ACCOUNTING, CONVENTION/TRADESHOW/MEETING PLANNING, EDUCATION, MARKETING AND INFORMATION TECHNOLOGY & GOVERNMENT RELATIONS. SMITHBUCKLIN EMPLOYEES PROVIDE THESE SERVICES AND TOTAL FEES PAID TO SMITHBUCKLIN WERE $959,986. FORM 990, PART VI, SECTION A, LINE 6: THE SOCIETY HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A: THE MEMBERS ELECT THE BOARD. FORM 990, PART VI, SECTION B, LINE 11: PREPARED BY THE AUDITORS, REVIEWED BY ACCOUNTING, PRESENTED TO AE, SENT TO TREASURER FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12c: THE BOARD IS REQUIRED ANNUALLY TO DISCLOSE ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19: UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS IS THE SAME AS THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 5 DURING 2015 NON-MANAGEMENT LEVEL EMPLOYEE OF A VENDOR OF THE SOCIETY WAS TERMINATED AFTER AN INTERNAL INVESTIGATION REVEALED THAT, OVER THE COURSE OF SEVERAL YEARS, THE INDIVIDUAL, WHO ACTED ALONE, UTILIZED RESOURCES OF THE SOCIETY FOR PERSONAL USE. THE AMOUNT DIVERTED WAS APPROXIMATELY $588,173, ALL OF WHICH HAS BEEN RECOVERED. THE SOCIETY AND THE VENDOR HAVE REVISED THEIR PROCEDURES TO PREVENT FUTURE OCCURRENCES OF THIS NATURE. FORM 990, PART I, LINE 1 IN ACTIVITIES RELATED TO THE EXCHANGE OF TRANSPORT CATEGORY AIRCRAFT. ISTAT Foundation 330 N Wabash Ave Chicago IL 60611 541742507 SCHOLARSHIPS IL 501(C)(3) 170(b)(1) ISTAT false false true false false false false false false false false false false false false false false false false false int'l Soc of Transport Aircraft Trading Fdn b 464690 cash PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: ISTAT FOUNDATION PRIMARY ACTIVITY: PROVIDE FUNDS FOR SCHOLARSHIPS, EDUCATIONAL PROGRAMS AND GRANTS TO QUALIFIED