International Business Aviation Council Inc
- Assets
- $869.3k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Founding
- 01/1982
- Data as of
- 12/2023
- EIN
- 52-1220321
Organization Overview
International Business Aviation Council Inc is located in null. The organization was established in 1982. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, International Business Aviation Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Business Aviation Council 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 12/2023, International Business Aviation Council Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT, PROMOTE AND PROTECT THE INTERESTS OF BUSINESS AVIATION IN INTERNATIONAL REGULATORY AND POLICY MAKING VENUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IS-BAO - PROMOTION OF HIGH QUALITY OPERATING PRACTICES FOR INTERNATIONAL BUSINESS AIRCRAFT ORPERATIONS, BASED ON ICAO STANDARDS.
IS-BAH - PROMOTION OF GLOBAL INDUSTRY BEST PRACTICES FOR BUSINESS AVIATION GROUND HANDLERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Alnaqbi Chairman | Officer | 2 | $0 |
Juergen Wiese Vice Chair | Officer | 1 | $0 |
Cynthia DE Oliveira Treasurer | Officer | 1 | $0 |
Brian Koester Corporate Secretary | Officer | 3 | $0 |
Kurt Edwards Director General | Officer | 40 | $255,240 |
Andreas Meyer Director-Icao Liaison | Officer | 40 | $181,278 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horus Consultoria E Treinamento Ltd Deputy Director Of The Is-bao Programme | 12/30/22 | $145,480 |
Aerodit Sprl Supports The Is-bao Programme, Safety Li | 12/30/22 | $132,649 |
Cat Iii Directs The Is-bah Programme (Ground-han | 12/30/22 | $130,179 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $888,691 |
| 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 | $888,691 |
| Total Program Service Revenue | $1,809,333 |
| Investment income | $9,095 |
| 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 | $2,707,119 |
| 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 | $2,552 |
| Compensation of current officers, directors, key employees. | $617,329 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,177 |
| Fees for services: Accounting | $12,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,966 |
| Advertising and promotion | $0 |
| Office expenses | $75,333 |
| Information technology | $11,391 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $137,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,473 |
| Insurance | $219 |
| All other expenses | $0 |
| Total functional expenses | $2,547,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $0 |
| Total assets | $869,346 |
| Accounts payable and accrued expenses | $98,633 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $98,633 |
| Net assets without donor restrictions | $770,713 |
| 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 | $869,346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|