International Society Of Transport
- Assets
- $7.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 54-1742507
Organization Overview
International Society Of Transport is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Society Of Transport is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, International Society Of Transport generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 7.9% 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.
Since 2014, International Society Of Transport has awarded 84 individual grants totaling $2,020,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT INDIVIDUALS AND INSTITUTIONS THAT PROMOTE THE ADVANCEMENT OF COMMERCIAL AVIATION AND HUMANITARIANISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS FIVE PROGRAMS THAT FOSTER INTEREST IN, CREATE OPPORTUNITIES FOR, AN PROVIDE ASSISTANCE TO THE GLOBAL AVIATION COMMUNITY. THESE PROGRAMS INCLUDE PROVIDING SCHOLARSHIPS TO ACADEMICALLY-QUALIFIED STUDENTS PURSUING AN AVIATION-RELATED DEGREE AT AN ACCREDITED UNIVERSITY; INTERNSHIP OPPORTUNITIES FOR STUDENTS SEEKING CAREERS IN AVIATION; GRANTS TO EDUCATIONAL INSTITUTIONS, MUSEUMS AND OTHER NONPROFIT ORGANIZATIONS THAT NEED FUNDING TO STIMULATE COMMERCIAL AVIATION INTEREST AT VARIOUS ACADEMIC LEVELS; HUMANITARIAN AID EFFORTS, WHEREIN COMMERCIAL AVIATION PLAYS A ROLE; AND STUDENTS THE OPPORTUNITY TO PARTICIPATE IN AN ISTAT UNIVERSITY CERTIFICATE PROGRAM FOCUSING ON AVIATION FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Huijbers Chair | OfficerTrustee | 2 | $0 |
Jep Thornton Vice Chair | OfficerTrustee | 2 | $0 |
Gerry Laderman Treasurer | OfficerTrustee | 2 | $0 |
Christine Rovelli Vice Treasurer | OfficerTrustee | 2 | $0 |
Gerry Butler Istat Past President | OfficerTrustee | 2 | $0 |
Dean Gerber Istat President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $202,004 |
| Related organizations | $790,394 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,915 |
| Total Program Service Revenue | $0 |
| Investment income | $200,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,617 |
| Net Income from Fundraising Events | -$10,798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,553,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $389,400 |
| Grants and other assistance to domestic individuals. | $184,502 |
| Grants and other assistance to Foreign Orgs/Individuals | $358,261 |
| 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 | $284,177 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,302 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $20,432 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,334 |
| Total functional expenses | $1,300,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,973 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,726 |
| 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 | $0 |
| Investments—publicly traded securities | $7,170,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,001 |
| Total assets | $7,610,485 |
| Accounts payable and accrued expenses | $86,083 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $89,583 |
| Net assets without donor restrictions | $5,155,606 |
| Net assets with donor restrictions | $2,365,296 |
| 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 | $7,610,485 |
Grants Awarded
Over the last fiscal year, International Society Of Transport has awarded $369,700 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: HUMANITARIAN AID | $290,000 |
Germantown, OH PURPOSE: EDUCATIONAL GRANT | $12,500 |
Reno, NV PURPOSE: EDUCATIONAL GRANT | $10,000 |
New York, NY PURPOSE: EDUCATIONAL GRANT | $10,000 |
Holland, MI PURPOSE: HUMANITARIAN AID | $9,900 |
Oklahoma City, OK PURPOSE: EDUCATIONAL GRANT | $7,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Society Of Transport has recieved totaling $5,730.
| Awarding Organization | Amount |
|---|---|
Ga Telesis Charitable Fund Inc Fort Lauderdale, FL PURPOSE: GENERAL OPERATIONS | $5,730 |
Endowment Analysis
| Beg. Balance | $1,132,081 |
| Earnings | $194,184 |
| Ending Balance | $1,326,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |