International Flight Services Association Inc
- Assets
- $633.8k
- Revenue
- $712.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1975
- Data as of
- 12/2022
- EIN
- 51-0160065
Organization Overview
International Flight Services Association Inc is located in Atlanta, GA. The organization was established in 1975. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Flight Services Association Inc 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 12/2022, International Flight Services Association Inc generated $712.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $773.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD, DEVELOP, AND REPRESENT THE GLOBAL BUSINESS INTERESTS OF THE ONBOARD SERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES TO PROMOTE AND INFORM MEMBERS ABOUT TRENDS AND NEW DEVELOPMENTS IN THE INDUSTRY.
GAEC ADVOCACY - GOVERNMENT AFFAIRS & EDUCATION COMMITTEE.IFSA HAS A LONG HISTORY OF REPRESENTING ITS MEMBER BASE BY GOVERNMENT AFFAIRS ENGAGEMENT AND ADVOCACY. AN IFSA STRATEGIC OBJECTIVE IS TO "POSITIVELY INFLUENCE REGULATIONS TO BEST SERVE THE INDUSTRY & PASSENGERS IN-FLIGHT". SEE HTTPS://IFSA.APEX.AERO/ADVOCACY/
INFORMATION AND MATERIALS FOR USE BY MEMBERS TO FURTHER KNOWLEDGE AND AWARENESS OF THE ASSOCIATION, MAINTENANCE OF WEBSITE, AND GLOBAL DEVELOPMENT.
RECOGNITION OF MEMBERS' ACCOMPLISHMENTS THROUGH ISSUANCE OF AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Guanci President | OfficerTrustee | 5 | $0 |
Jodi Spicer Vice President | OfficerTrustee | 3 | $0 |
Jim Ball Treasurer | OfficerTrustee | 3 | $0 |
Vanessa Lindstrom Secretary | OfficerTrustee | 3 | $0 |
Steven Murtoff President Emeritus | OfficerTrustee | 1 | $0 |
Darren Bott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,463 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $114,463 |
| Total Program Service Revenue | $592,092 |
| Investment income | $5,571 |
| 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 | $712,126 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $284,579 |
| Fees for services: Legal | $9,718 |
| Fees for services: Accounting | $11,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,050 |
| Fees for services: Other | $45,298 |
| Advertising and promotion | $0 |
| Office expenses | $44,268 |
| Information technology | $13,979 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,000 |
| Insurance | $4,057 |
| All other expenses | $8,304 |
| Total functional expenses | $773,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,265 |
| Savings and temporary cash investments | $69,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,950 |
| 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 | $13,880 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $291,668 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,000 |
| Other assets | $0 |
| Total assets | $633,804 |
| Accounts payable and accrued expenses | $114,313 |
| Grants payable | $0 |
| Deferred revenue | $34,856 |
| 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 | $64,985 |
| Total liabilities | $214,154 |
| Net assets without donor restrictions | $102,245 |
| Net assets with donor restrictions | $317,405 |
| 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 | $633,804 |