Airport Minority Advisory Council
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 62-1398266
Organization Overview
Airport Minority Advisory Council, operating under the name Amac-Trade, is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Amac-Trade employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amac-Trade 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, Amac-Trade generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $873.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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
THE AIRPORT MINORITY ADVISORY COUNCIL (AMAC) IS THE ONLY NATIONAL, NON- PROFIT TRADE ASSOCIATION DEDICATED TO ADVANCING THE FULL PARTICIPATION OF MINORITIES AND WOMEN IN EMPLOYMENT AND CONTRACTING OPPORTUNITIES THROUGHOUT THE AVIATION AND AEROSPACE INDUSTRIES. SINCE IT'S INCEPTION, AMAC HAS BEEN AT THE FOREFRONT OF NEARLY EVERY NATIONAL POLICY INITIATIVE IMPACTING THE PARTICIPATION OF DISADVANTED BUSINESSES IN AIRPORT CONTRACTING. AMAC ALSO WORKS CONSISTENTLY WITH CONGRESS, THE FEDERAL GOVERNMENT, AVIATION TRADE ASSOCIATIONS AND OTHERS AS A RESOURCE FOR INFORMATION, EDUCATION AND GUIDANCE ON BUSINESS AND EMPLOYMENT MATTERS. AMAC AND ITS AFFILIATES REPRESENT THOUSANDS OF MEMBERS THAT INCLUDE AIRPORT OPERATORS, GOVERNMENT OFFICIALS, CORPORATIONS, AND M/W/DBE ENTREPRENEURS. NO ORGANIZATION PRACTICES WHAT IT PREACHES BETTER THAN AMAC, BRINGING A DIVERSE MULTI-DIMENSIONAL GROUP TOGETHER FOR THEIR MUTUAL SUCCESS. OUR THIRTY-FIVE YEAR LEGACY INCLUDES HIGH-LEVEL, AVIATION COMMUNITY EXPERIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF EDUCATIONAL AND TRAINING PROGRAMS TO FACILITATE THE FULL PARTICIPATION OF MINORITY, WOMEN-OWNED AND DISADVANTAGED BUSINESS ENTERPRISES IN THE AIRPORT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Biagas Second Vice | OfficerTrustee | 2 | $0 |
Lauryn Mangum Reed Secretary | OfficerTrustee | 3 | $0 |
Ricky D Smith Chair | OfficerTrustee | 3 | $0 |
Simeon Terry First Vice C | OfficerTrustee | 3 | $0 |
William Swift Treasurer | OfficerTrustee | 3 | $0 |
Jovan Goldstein CFO | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott Business Services Lodging | 12/30/19 | $402,521 |
Perfection Events Event Planning | 12/30/19 | $114,850 |
Kl Gates Llp Legal Services | 12/30/19 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,191,654 |
| Investment income | $213 |
| 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 | $1,248,979 |
| 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 | $225,259 |
| Pension plan accruals and contributions | $15,363 |
| Other employee benefits | $20,019 |
| Payroll taxes | $19,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,572 |
| Advertising and promotion | $37,942 |
| Office expenses | $10,822 |
| Information technology | $42,387 |
| Royalties | $0 |
| Occupancy | $4,720 |
| Travel | $11,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263,222 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260 |
| Insurance | $3,308 |
| All other expenses | $6,627 |
| Total functional expenses | $873,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,059 |
| Savings and temporary cash investments | $901,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,486 |
| 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 | $14,300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $261,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,958 |
| Total assets | $1,536,185 |
| Accounts payable and accrued expenses | $89,362 |
| Grants payable | $0 |
| Deferred revenue | $656,579 |
| 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 | $149,900 |
| Other liabilities | $13,184 |
| Total liabilities | $909,025 |
| Net assets without donor restrictions | $621,660 |
| Net assets with donor restrictions | $5,500 |
| 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 | $1,536,185 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Airport Minority Advisory Council has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Otg Charities Inc New York, NY PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Transportation Association Of America Washington, DC | $1,938,592 | $5,661,532 |
Railway Supply Institute Inc Washington, DC | $2,906,320 | $2,412,437 |
D19 Transportation Service Inc Stony Creek, VA | $1,091,605 | $1,951,596 |
Conference Of Minority Transportation Officials Alexandria, VA | $1,890,190 | $2,702,650 |
Western Maryland Scenic Railroad Development Corp Cumberland, MD | $4,819,096 | $2,322,862 |
Japan Internattional Transport And Tourism Institute Usa Washington, DC | $1,075,827 | $1,727,491 |
Airport Consultants Council Inc Alexandria, VA | $609,266 | $1,404,585 |
Airport Minority Advisory Council Washington, DC | $1,536,185 | $1,248,979 |
Washington Airports Task Force Dulles, VA | $739,366 | $856,049 |
Virginia Transit Association Richmond, VA | $357,650 | $596,735 |
Transportation Action Partnership Of North Bethesda & Rockville Inc Rockville, MD | $281,024 | $448,172 |
Northern Virginia Transporation Education Foundation Mclean, VA | $397,752 | $444,310 |