National Association Of Foreign Trade Zones
- Assets
- $1.5m
- Revenue
- $956.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 23-7417702
Organization Overview
National Association Of Foreign Trade Zones is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, National Association Of Foreign Trade Zones employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Foreign Trade Zones is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Association Of Foreign Trade Zones generated $956.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $939.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND IMPROVE FOREIGN TRADE ZONES TO FOSTER BUSINESS GROWTH AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY FOR THE U.S. FOREIGN-TRADE ZONES PROGRAM, FTZ USERS, FTZ OPERATORS, FTZ GRANTEES, AND THE NEAR 500,000 U.S. JOBS WITHIN FTZS: ONE OF NAFTZ'S MOST IMPORTANT ROLES IS ENSURING THE UNIQUE INTERESTS OF THE FOREIGN-TRADE ZONE COMMUNITY ARE EFFECTIVELY REPRESENTED, RECOGNIZED, AND ADVANCED IN WASHINGTON. WE ADVOCATE FOR THE PRACTICAL APPLICATION OF INTERNATIONAL TRADE POLICIES AND REGULATIONS TO ACHIEVE MAXIMUM SIMPLICITY AND EFFECTIVENESS FOR THE FTZ COMMUNITY. THE NAFTZ WORKS TO ENSURE CONGRESSIONAL DECISION-MAKERS AND GOVERNMENT DEPARTMENTS AND AGENCIES UNDERSTAND THE SIGNIFICANT LOCAL AND NATIONAL ECONOMIC IMPACT OF AMERICA'S FOREIGN-TRADE ZONES. NAFTZ'S DIVERSE MEMBERSHIP CONTRIBUTES SIGNIFICANT EXPERTISE AND INFORMED PERSPECTIVES TO MAJOR POLICY DISCUSSIONS IN WASHINGTON. NAFTZ WORKS WITH ITS GOVERNMENT RELATIONS AND LEGAL ADVISORS TO NAVIGATE THE CONSTANTLY CHANGING NATURE OF INTERNATIONAL TRADE. NAFTZ ALSO HOSTS AN ANNUAL LEGISLATIVE SUMMIT IN WASHINGTON DC INVITING FEDERAL GOVERNMENT OFFICIALS, POLICY MAKERS AND INDUSTRY LEADERS FROM THE FOREIGN-TRADE ZONE COMMUNITY FOR LEGISLATIVE BRIEFINGS, DISCUSSIONS ON VARIOUS CURRENT ADVOCACY TOPICS AND OTHER ADVOCACY EFFORTS.
CONFERENCES, SEMINARS, AND NETWORKING: NAFTZ OFFERS MEMBERS AND NON-MEMBERS ALIKE TWO ANNUAL EVENTS FEATURING SPEAKERS, PANELISTS, AND SPECIALIZED SESSIONS RELEVANT TO OPERATOR/USERS, GRANTEES, CONSULTANTS, AND THOSE NEW TO THE INDUSTRY. TOPICS ARE ADJUSTED EACH YEAR TO ADDRESS CURRENT ISSUES AND TRENDS IN THE FTZ COMMUNITY. PARTICIPANTS CAN HEAR FROM - AND INTERACT WITH - GOVERNMENT OFFICIALS AND INDUSTRY EXPERTS. THESE EVENTS ARE WHERE MEMBERS CONNECT AND BUILD THEIR PERSONAL AND PROFESSIONAL NETWORKS TO SUPPORT THEIR FTZ ACTIVITIES THROUGHOUT THE YEAR WITH HUNDREDS OF ATTENDEES AT EACH EVENT.
EDUCATION, CREDENTIALS, AND PUBLICATIONS: NAFTZ HAS BEEN PROVIDING PROFESSIONAL DEVELOPMENT PROGRAMS FOR NEARLY 50 YEARS IN SUPPORT OF OUR OVERARCHING MISSION TO SERVE AS THE FTZ PROGRAM'S PRINCIPAL EDUCATOR. NAFTS'S "FUNDAMENTALS OF FTZS" IS ONE OF THE ASSOCIATION'S MOST POPULAR OFFERINGS AT MULTIPLE IN-PERSON VENUES AROUND THE U.S. NAFTZ'S ACCREDITED ZONE SPECIALIST (AZS) DESIGNATION, A NEW ON-LINE ENTRY LEVEL CREDENTIAL SET TO LAUNCH IN EARLY 2023, AND FORMAL MENTORSHIP PROGRAM PROVIDES WAYS FOR THOSE IN THE FTZ COMMUNITY TO GROW, LEARN, AND DEVELOP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Autor Former President | Officer | 40 | $109,931 |
Melissa Irmen Chairman | OfficerTrustee | 3 | $0 |
Shane Williams Vice Chairman | OfficerTrustee | 3 | $0 |
Shannon Fura Treasurer | OfficerTrustee | 3 | $0 |
James Grogan Secretary | OfficerTrustee | 3 | $0 |
Frankie Bryson Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,110 |
| Total Program Service Revenue | $847,624 |
| Investment income | $9,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $956,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,142 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,034 |
| Pension plan accruals and contributions | $12,263 |
| Other employee benefits | $65,377 |
| Payroll taxes | $32,293 |
| Fees for services: Management | $9,415 |
| Fees for services: Legal | $70,000 |
| Fees for services: Accounting | $10,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,135 |
| Fees for services: Other | $70,000 |
| Advertising and promotion | $0 |
| Office expenses | $22,672 |
| Information technology | $8,877 |
| Royalties | $0 |
| Occupancy | $64,432 |
| Travel | $2,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,862 |
| Insurance | $12,413 |
| All other expenses | $15,046 |
| Total functional expenses | $939,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $443,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298,469 |
| Net Land, buildings, and equipment | $26,858 |
| Investments—publicly traded securities | $755,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,688 |
| Total assets | $1,539,519 |
| Accounts payable and accrued expenses | $54,395 |
| Grants payable | $0 |
| Deferred revenue | $446,912 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,106 |
| Total liabilities | $533,413 |
| Net assets without donor restrictions | $1,006,106 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,539,519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Emergency Relief Arlington, VA | $416,891,741 | $42,370,093 |
Disabled Veterans National Foundation Lanham, MD | $4,002,703 | $34,751,168 |
Navy-Marine Corps Relief Society Arlington, VA | $160,427,961 | $29,210,374 |
Military Officers Association Of America Alexandria, VA | $184,530,638 | $38,032,797 |
Military Order Of The Purple Heart Service Foundation Inc Annandale, VA | $2,548,586 | $20,677,650 |
Air Force Aid Society Inc Arlington, VA | $262,482,165 | $46,086,376 |
The National Military Family Association Alexandria, VA | $8,448,648 | $9,411,080 |
Vietnam Veterans Of America Inc Silver Spring, MD | $22,711,920 | $10,930,074 |
United Service Organizations Inc Fort Myer, VA | $0 | $2,240,114 |
Marine Corps Association Quantico, VA | $17,818,262 | $7,455,788 |
U S Naval Sea Cadet Corps Arlington, VA | $6,985,927 | $8,234,482 |
Women In Military Service For America Memorial Foundation Inc Arlington, VA | $11,722,569 | $5,876,595 |