International Society Of Transport
- Assets
- $6.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1995
- Data as of
- 12/2022
- 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 12/2022, International Society Of Transport generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 8 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 110 individual grants totaling $3,349,043. 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
2022
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, AND 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 |
|---|---|---|---|
Sigthor Einarsson Chair | OfficerTrustee | 2 | $0 |
Peter Huijbers Vice Chair | OfficerTrustee | 2 | $0 |
Gerry Laderman Treasurer | OfficerTrustee | 2 | $0 |
Christine Rovelli Vice Treasurer | OfficerTrustee | 2 | $0 |
Joey Johnsen Director | OfficerTrustee | 2 | $0 |
Mary Prettyman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,217 |
| Related organizations | $878,102 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,504,779 |
| Total Program Service Revenue | $0 |
| Investment income | $159,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,879 |
| Net Income from Fundraising Events | -$6,756 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,641,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,030,974 |
| Grants and other assistance to domestic individuals. | $280,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $413,282 |
| 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 | $288,827 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,431 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,741 |
| 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 | $0 |
| Total functional expenses | $2,104,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $331,342 |
| 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 | $5,552,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,523,764 |
| Accounts payable and accrued expenses | $693,063 |
| Grants payable | $0 |
| Deferred revenue | $4,225 |
| 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 | $697,288 |
| Net assets without donor restrictions | $3,808,718 |
| Net assets with donor restrictions | $2,017,758 |
| 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 | $6,523,764 |
Grants Awarded
Over the last fiscal year, International Society Of Transport has awarded $958,803 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
INTREPID MUSEUM FOUNDATION INC PURPOSE: 2022 GRANT | $10,000 |
AIR CAMP INC PURPOSE: 2022 GRANT | $10,000 |
INTERNATIONAL AVIATION WOMEN'S ASSOCIATION PURPOSE: 2022 GRANT | $7,300 |
WOMEN IN AVIATION INTERNATIONAL PURPOSE: 2022 GRANT | $15,000 |
PATHWAYS TO AVIATION PURPOSE: 2022 GRANT | $15,000 |
OPAS FOUNDATION PURPOSE: 2022 GRANT | $15,000 |