International Association Of Baggage System Companies
- Assets
- $270.8k
- Revenue
- $301.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Coppell, TX
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 61-1542379
Organization Overview
International Association Of Baggage System Companies is located in Coppell, TX. The organization was established in 2011. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Baggage System Companies 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 Association Of Baggage System Companies generated $301.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $331.6k during the year ending 12/2022. While expenses have increased by 20.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL ASSOCIATION OF BAGGAGE SYSTEM COMPANIES IS AN ORGANIZATION COMMITTED TO IMPROVING THE AIRPORT/AIRLINE INDUSTRY IN AREAS ASSOCIATED WITH BAGGAGE HANDLING SYSTEMS. THE IABSC INTENDS TO PROVIDE IMPROVEMENTS TO THE INDUSTRY BY PLAYING AN ACTIVE ROLE BY MEANS OF PROVIDING A VOICE TO THE BAGGAGE PROFESSIONALS, EDUCATION, IMPLEMENTING STANDARDS AND WORKING WITH OTHER INDUSTRY LEADERS TO ENSURE THE DEVELOPMENT OF BAGGAGE SYSTEMS THAT WILL PROVIDE ECONOMICAL, SAFE AND SECURE BAGGAGE SYSTEMS FOR THE AIRLINE INDUSTRY AND THE TRAVELING PUBLIC OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IABSC IS A TRADE ASSOCIATION REPRESENTING THE LEADING AIRPORT BAGGAGE SYSTEM MANUFACTURERS, CONSULTANTS, DESIGNERS, EDS MANUFACTURERS, CONSTRUCTION COMPANIES, AIRLINES, AIRPORTS, SUPPLIERS OF ALL TIERS AND ASSOCIATES/AFFILIATES WORLDWIDE.AT 12/31/2022 THE IABSC HAD 116 MEMBER COMPANIES CONSISTING OF 464 INDIVIDUAL DELEGATES.
DURING THE LAST WEEK IN JANUARY OF EACH YEAR, THE IABSC HOLDS ITS ANNUAL BAGGAGE HANDLING SYSTEM (BHS) SUMMIT ADDRESSING CURRENT ISSUES, SOLUTIONS, TECHNOLOGY AND INNOVATION IN THE BAGGAGE HANDLING INDUSTRY. THE 2022 SUMMIT WAS A DAY AND A HALF AND WAS HELD AT THE EMBASSY SUITES DFW NORTH HOTEL.MONTHLY MEETINGS WERE HELD AT THE EMBASSY SUITES DFW NORTH HOTEL IN GRAPEVINE, TEXAS. EACH MEETING FEATURED AN INDUSTRY EXPERT, AIRLINE OR AIRPORT AS A GUEST SPEAKER. THERE IS NO MEETING HELD IN FEBRUARY.ADDITIONALLY, THE IABSC'S TECHNOLOGY & INNOVATION COMMITTEE HOSTED TWO MINI-SUMMITS FOCUSING ON NEW AND INNOVATIVE TECHNOLOGY IN THE BAGGAGE HANDLING INDUSTRY. THE FIRST WAS HELD ON JUNE 28, 2022, AT HARTING'S HEADQUARTERS IN ELGIN, ILLINOIS. THE SECOND WAS HELD ON SEPTEMBER 28, 2022, AT BANNER ENGINEERING'S HEADQUARTERS IN PLYMOUTH, MINNESOTA. BOTH HARTING AND BANNER ENGINEERING ARE IABSC MEMBER COMPANIES.
ALL IABSC MEETINGS AND EVENTS ARE OPEN TO IABSC MEMBERS AND INDUSTRY COLLEAGUES, THE MEETING SPEAKERS DISCUSS CURRENT EVENTS AND ANSWER QUESTIONS POSED BY ATTENDEES OR SUBMITTED BY INDUSTRY PARTNERS.
TTHE IABSC HOLDS ITS ANNUAL MEETING THE SECOND THURSDAY OF DECEMBER OF EACH YEAR, FOR INSTALLATION OF MEMBERS OF THE BOARD OF DIRECTORS, FOR RECEIVING THE ANNUAL REPORTS, AND THE TRANSACTION OF OTHER BUSINESS. THE IABSC IS NOT LIMITED TO HOLDING MEETINGS WITHIN THE CONTIGUOUS UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gude Vice Chair | OfficerTrustee | 2 | $0 |
Gaylloyd Dadyala Chair | OfficerTrustee | 2 | $0 |
Terry Gallagher Director | Trustee | 1 | $0 |
Tenille Whitten Director | Trustee | 1 | $0 |
Jay Bouton Director | Trustee | 1 | $0 |
Marybeth Bunker Thru 11822 Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $301,243 |
| 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 | $301,243 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $301,243 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,765 |
| Advertising and promotion | $237 |
| Office expenses | $3,950 |
| Information technology | $11,817 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $251,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,600 |
| All other expenses | $0 |
| Total functional expenses | $331,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,759 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,759 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $270,759 |
| Total liabilities and net assets/fund balances | $270,759 |