International Association Of Airport Duty Free Stores

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521283024 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is International Association Of Airport Duty Free Stores?

The International Association of Airport Duty Free Stores, headquartered in Washington D.C., is a nonprofit organization with a primary mission to elevate the airport duty-free industry as a significant sector in the global business community. They offer membership services, including an active government relations program that monitors developments that could potentially impact their members and responds accordingly. Their purpose is twofold: to facilitate information exchange between operators of airport duty-free stores and their suppliers regarding products and their duty-free market potential, and to serve as a collective voice advocating for common industry issues affecting their membership.


Official website here: www.iaadfs.org

Is International Association Of Airport Duty Free Stores legitimate?

International Association Of Airport Duty Free Stores is a legitimate nonprofit organization registered as a 501(c)(6) entity. International Association Of Airport Duty Free Stores submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iaadfs.org

What is the mission statement of International Association Of Airport Duty Free Stores?

The International Association of Airport Duty Free Stores serves a crucial role in promoting the airport duty-free industry as a significant segment of the international business community. One of their primary objectives is to facilitate information exchange between operators of airport duty-free stores and their suppliers, enabling them to explore the potential of duty-free market opportunities. The association acts as a unified voice, representing the interests of the airport duty-free industry on common issues that affect their membership. They strive to advocate for this sector and foster a collaborative environment for its growth and development.


Official website here: www.iaadfs.org

Who is the CEO of International Association Of Airport Duty Free Stores?

Michael Payne is the Chairman of International Association Of Airport Duty Free Stores. The CEO's salary of International Association Of Airport Duty Free Stores is $0 and their total compensation is $0.


Official website here: www.iaadfs.org

What is the revenue of International Association Of Airport Duty Free Stores?

International Association Of Airport Duty Free Stores's revenue in 2022 was $642,959.


Official website here: www.iaadfs.org

Who are the executives of International Association Of Airport Duty Free Stores and what are their salaries?

There 9 volunteers at International Association Of Airport Duty Free Stores.


Here are 10 key members and their salaries (International Association Of Airport Duty Free Stores's CEO's salary is $0 and their total compensation is $0):


Rene Riedi (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrique Urioste (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Padraig Drennan (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bernstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Halpern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Hancock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erasmo Orillac (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis Snelders (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nuno Do Amaral (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Payne (President And Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iaadfs.org

Where can I find the form 990 for International Association Of Airport Duty Free Stores?

International Association Of Airport Duty Free Stores's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iaadfs.org

Learn more at the official website: www.iaadfs.org

Mission Statement of International Association Of Airport Duty Free Stores

The International Association of Airport Duty Free Stores, often abbreviated as IAADFS, is committed to elevating the airport duty-free sector as a significant segment of the global business community. This nonprofit organization serves as a platform for operators of airport duty-free stores and their suppliers to share information on potential market opportunities and products in the duty-free market. Furthermore, IAADFS acts as a collective voice, representing the interests of the airport duty-free industry on common issues that impact its members. By engaging in these activities, IAADFS aims to foster a robust and dynamic airport duty-free industry, ultimately benefiting both the industry players and travelers alike.

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Impact




October, 2024

The International Association of Airport Duty Free Stores (IAADFS) plays a vital role in enhancing the airport duty free industry as a significant segment of the international business community. By promoting collaboration among airport duty free operators and suppliers, IAADFS facilitates the exchange of valuable information regarding products and market potential, ultimately leading to stronger business relationships and improved service offerings.

Moreover, IAADFS serves as a collective voice for its members, addressing common issues that impact the industry. Through its ongoing government relations program, it actively monitors legislative and regulatory activities that could affect duty free operations, ensuring that the interests of its members are represented and advocated for at various levels of government. This proactive approach helps safeguard the industry's interests and fosters a more favorable business environment.

Additionally, IAADFS contributes to community improvement by enhancing the overall travel experience, providing travelers with diverse shopping options that reflect global markets, and supporting economic activity at airports worldwide. The association’s efforts not only benefit its members but also enrich the passenger experience and contribute to the wider economy.




This information is meant to be a general summary of International Association Of Airport Duty Free Stores. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$642,959 (2022)
Expenses
$943,852 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,230
  • Program Service Revenue: $570,754
  • Gross Receipts: $642,959

Assets and Liabilities:

  • Total Assets: $2,781,821
  • Total Liabilities: $37,657
  • Net Assets: $2,744,164

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONVENTION

Revenue

$530,254

MEMBERSHIP DUES

Revenue

$40,500

Organization Details

Founding Year

1966

Principal Officer

Michael Payne

Main Address

2001 K STREET NW 300, WASHINGTON, DC, 20006

NTEE Category

Code: S41 - Community improvement

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