Airforwarders Association
- Assets
- $688.0k
- Revenue
- $644.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 33-0451093
Organization Overview
Airforwarders Association is located in Washington, DC. The organization was established in 1992. 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. Airforwarders Association 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, Airforwarders Association generated $644.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $542.2k during the year ending 12/2022. While expenses have increased by 0.1% 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 PREMIER TRADE ASSOCIATION FOR THE FORWARDER AND LOGISTICS INDUSTRY- SEE SCH O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: THE AIRFORWARDERS ASSOCIATION (AFA) REPRESENTS NEARLY 400 MEMBER COMPANIES DEDICATED TO MOVING CARGO THROUGHOUT THE SUPPLY CHAIN. THE ASSOCIATION'S MEMBERS RANGE FROM SMALL BUSINESSES WITH FEWER THAN 20 EMPLOYEES TO LARGE COMPANIES EMPLOYING MORE THAN 1,000 PEOPLE AND BUSINESS MODELS VARYING FROM DOMESTIC TO WORLDWIDE FREIGHT FORWARDING OPERATIONS. IN SHORT, THEY ARE THE TRAVEL AGENTS FOR FREIGHT SHIPMENTS, MOVING CARGO IN THE TIMELIEST AND MOST COST EFFICIENT MANNER WHETHER IT IS CARRIED ON AIRCRAFT, TRUCK, RAIL OR SHIP.SEE SCHEDULE O FOR CONTINUATION
ANNUAL CONFERENCE: THE ANNUAL CONFERENCE BRINGS TOGETHER ALL ACTORS IN THE AIR CARGO SUPPLY CHAIN IN ONE LOCATION TO DISCUSS TRENDS, CHALLENGES, OPPORTUNITIES AND THE FUTURE OF THE AIR CARGO INDUSTRY. AIRLINES, AIRPORT AUTHORITIES, FREIGHT FORWARDERS, TRUCKERS AND EXPEDITING COMPANIES ALONG WITH THE VENDORS WHO SUPPORT THEM ARE ALL IN ONE PLACE. SESSIONS COVER MANAGEMENT CHALLENGES AND SOLUTIONS, TECHNOLOGY, REGULATORY AGENCY UPDATES AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Mccann Chairman | OfficerTrustee | 1 | $0 |
Glen Hall President | OfficerTrustee | 1 | $0 |
Bob Imbriani Vice-President | OfficerTrustee | 1 | $0 |
Sasha Goodman Secretary | OfficerTrustee | 1 | $0 |
Amanda Barlow Director | Trustee | 1 | $0 |
Chris Connell Director | Trustee | 1 | $0 |
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 | $644,286 |
| Investment income | $2 |
| 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 | $644,900 |
| 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. | $206,390 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194 |
| Fees for services: Accounting | $28,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,908 |
| Advertising and promotion | $0 |
| Office expenses | $15,257 |
| Information technology | $3,303 |
| Royalties | $0 |
| Occupancy | $30,231 |
| Travel | $13,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,540 |
| All other expenses | $0 |
| Total functional expenses | $542,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $655,128 |
| Savings and temporary cash investments | $16,504 |
| 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 | $11,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $688,026 |
| Accounts payable and accrued expenses | $6,905 |
| Grants payable | $0 |
| Deferred revenue | $195,527 |
| 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 | $6,133 |
| Total liabilities | $208,565 |
| Net assets without donor restrictions | $479,461 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $688,026 |