International Business Aviation Council Inc
- Assets
- $745.3k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Founding
- 01/1982
- Data as of
- 12/2021
- 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 12/2021, International Business Aviation Council Inc employed 6 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 12/2021, International Business Aviation Council Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
2021
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 |
|---|---|---|---|
Kurt Edwards Director General | Officer | 40 | $234,000 |
Andreas Meyer Director-Icao Liaison | Trustee | 1 | $210,000 |
Ali Alnaqbi Chairman | Officer | 2 | $0 |
Juergen Wiese Vice Chair | Officer | 1 | $0 |
Sudhir Nayak Treasurer | Officer | 1 | $0 |
Douglas Carr Corporate Secretary | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cat Iii Directs The Is-bah Programme (Ground-han | 12/30/21 | $142,931 |
Aerodit Sprl Supports The Is-bao Programme, Safety Li | 12/30/21 | $116,224 |
Horus Consultoria E Treinamento Ltd Deputy Director Of The Is-bao Programme | 12/30/21 | $140,785 |
Marketlift Communications | 12/30/21 | $107,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $632,260 |
| 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 | $632,260 |
| Total Program Service Revenue | $1,518,614 |
| Investment income | $458 |
| 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 | $2,151,332 |
| 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. | $474,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,381 |
| Payroll taxes | $40,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,187 |
| Fees for services: Accounting | $8,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,532 |
| Advertising and promotion | $0 |
| Office expenses | $51,378 |
| Information technology | $3,656 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,096 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,292 |
| Insurance | $3,265 |
| All other expenses | $19,579 |
| Total functional expenses | $2,045,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,296 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,000 |
| Other assets | $0 |
| Total assets | $745,320 |
| Accounts payable and accrued expenses | $94,446 |
| 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 | $94,446 |
| Net assets without donor restrictions | $650,874 |
| 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 | $745,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |
Nobel Foundation | $446,054,310 | $50,244,739 |
Elife Sciences Publications Ltd | $3,310,633 | $9,338,953 |
Internatinal Council Of Scientific Unions | $7,133,630 | $7,306,740 |
International Foundation For Science | $6,092,847 | $2,829,788 |