TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202100719349300235 - Submission: 2021-03-12 TIN: 52-1283024

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

INTERNATIONAL ASSOCIATION OF AIRPORT
DUTY FREE STORES

Employer identification number

52-1283024

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	IAADFS ENTERED IN TO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS AGREEMENT, IAADFS MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES.
FORM 990, PART VI, SECTION A, LINE 6	THERE ARE FOUR CLASSES OF MEMBERHSIP IN THE ASSOCIATION: AIRPORT STORE CONCESSIONAIRE BUYER MEMBERS: CONCESSIONAIRE BUYER MEMBERS SHALL BE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF A DUTY FREE STORE IN ANY AIRPORT HAVING REGULARLY SCHEDULED INTERNATIONAL FLIGHTS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR CONCESSIONAIRE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER MEMBER. CONCESSIONAIRE BUYER MEMBERS SHALL BE ENTITLED TO ALL BENEFITS OF THE ASSOCIATION AND ARE ELIGIBLE TO SERVE ON THE BOARD AND BECOME OFFICERS OF THE ASSOCIATION. ASSOCIATE BUYER MEMBERS: ASSOCIATE BUYER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF DUTY FREE STORES OUTSIDE OF AIRPORTS, OR OWNERSHIP OR OPERATION OF ANOTHER TRAVEL RETAIL BUSINESS INCLUDING NON-DUTY FREE AIRPORT STORES, AND WHICH HAVE RECEIVED REFERENCES FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS, AND APPROVAL BY THE BOARD OF THE QUALITY AND SUITABILITY OF THEIR PRODUCTS AND BUSINESSES FOR THEIR INCLUSION AS MEMBERS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR ASSOCIATE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER OR ASSOCIATE BUYER MEMBER. ASSOCIATE BUYER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. ASSOCIATE SUPPLIER MEMBERS: ASSOCIATE SUPPLIER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES ENGAGED IN THE BUSINESS OF MANUFACTURING, DISTRIBUTING, SUPPLYING, DEALING IN OR SELLING PRODUCTS OR SERVICES CUSTOMARILY USED OR SOLD BY THE CONCESSIONAIRE BUYER AND/OR ASSOCIATE BUYER MEMBERS OF THE ASSOCIATION IN THEIR DUTY FREE OR TRAVEL RETAIL STORES, PROVIDED THAT ANY INDIVIDUAL, CORPORATION OR OTHER ENTITY APPLYING FOR ASSOCIATE SUPPLIER MEMBERSHIP (THE "APPLICANT") SHALL HAVE OBTAINED A REFERENCE FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS STATING THAT A COMPARABLE PRODUCT OR SERVICE IS BEING SOLD IN A DUTY FREE STORE OPERATED BY THOSE TWO CONCESSIONAIRE BUYER MEMBERS, AND PROVIDED FURTHER THAT THE APPLICANT ITSELF EITHER (1) HAS MADE SALES OF PRODUCTS OR SERVICES TO AT LEAST TWO (2) CONCESSIONAIRE BUYER MEMBERS; OR (2) IN THE JUDGMENT OF THE IAADFS BOARD OF DIRECTORS ("BOARD OF DIRECTORS") PROVIDES AN INNOVATIVE OR NEW PRODUCT, SERVICE, OR LINE OF MERCHANDISE APPLICABLE TO DUTY FREE STORES. ASSOCIATE SUPPLIER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. HONORARY MEMBERS: HONORARY MEMBERSHIP MAY BE CONFERRED BY RECOMMENDATIONS FROM ANY MEMBER UPON APPROVAL BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. HONORARY MEMBERS SHALL RECEIVE ASSOCIATION PUBLICATIONS AND MAY ATTEND CONVENTIONS AND MEETINGS, BUT SHALL NOT HOLD OFFICE, NOR HAVE THE RIGHT TO VOTE.
FORM 990, PART VI, SECTION A, LINE 7A	THE VOTING MEMBERS OF THE ASSOCIATION SHALL MEET ANNUALLY TO ELECT A BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11B	THE PRESIDENT/CEO REVIEWS THE FORM 990 AND DISTRIBUTES A COPY TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION OF AN INDEPENDENT AUDITOR PROCESS DURING THE TAX YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 3

IAADFS ENTERED IN TO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS AGREEMENT, IAADFS MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES.

FORM 990, PART VI, SECTION A, LINE 6

THERE ARE FOUR CLASSES OF MEMBERHSIP IN THE ASSOCIATION: AIRPORT STORE CONCESSIONAIRE BUYER MEMBERS: CONCESSIONAIRE BUYER MEMBERS SHALL BE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF A DUTY FREE STORE IN ANY AIRPORT HAVING REGULARLY SCHEDULED INTERNATIONAL FLIGHTS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR CONCESSIONAIRE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER MEMBER. CONCESSIONAIRE BUYER MEMBERS SHALL BE ENTITLED TO ALL BENEFITS OF THE ASSOCIATION AND ARE ELIGIBLE TO SERVE ON THE BOARD AND BECOME OFFICERS OF THE ASSOCIATION. ASSOCIATE BUYER MEMBERS: ASSOCIATE BUYER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES WHICH, FOR A PERIOD OF AT LEAST SIX (6) MONTHS, HAVE BEEN ENGAGED IN THE BUSINESS OF OWNERSHIP OR OPERATION OF DUTY FREE STORES OUTSIDE OF AIRPORTS, OR OWNERSHIP OR OPERATION OF ANOTHER TRAVEL RETAIL BUSINESS INCLUDING NON-DUTY FREE AIRPORT STORES, AND WHICH HAVE RECEIVED REFERENCES FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS, AND APPROVAL BY THE BOARD OF THE QUALITY AND SUITABILITY OF THEIR PRODUCTS AND BUSINESSES FOR THEIR INCLUSION AS MEMBERS. NO INDIVIDUAL, CORPORATION OR OTHER ENTITY SHALL BE ELIGIBLE FOR ASSOCIATE BUYER MEMBERSHIP IF THE MAJORITY OF ITS STOCK OR VOTING POWER IS OWNED OR CONTROLLED BY A CURRENT CONCESSIONAIRE BUYER OR ASSOCIATE BUYER MEMBER. ASSOCIATE BUYER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. ASSOCIATE SUPPLIER MEMBERS: ASSOCIATE SUPPLIER MEMBERS ARE LIMITED TO THOSE INDIVIDUALS, CORPORATIONS OR OTHER ENTITIES ENGAGED IN THE BUSINESS OF MANUFACTURING, DISTRIBUTING, SUPPLYING, DEALING IN OR SELLING PRODUCTS OR SERVICES CUSTOMARILY USED OR SOLD BY THE CONCESSIONAIRE BUYER AND/OR ASSOCIATE BUYER MEMBERS OF THE ASSOCIATION IN THEIR DUTY FREE OR TRAVEL RETAIL STORES, PROVIDED THAT ANY INDIVIDUAL, CORPORATION OR OTHER ENTITY APPLYING FOR ASSOCIATE SUPPLIER MEMBERSHIP (THE "APPLICANT") SHALL HAVE OBTAINED A REFERENCE FROM TWO (2) CONCESSIONAIRE BUYER MEMBERS STATING THAT A COMPARABLE PRODUCT OR SERVICE IS BEING SOLD IN A DUTY FREE STORE OPERATED BY THOSE TWO CONCESSIONAIRE BUYER MEMBERS, AND PROVIDED FURTHER THAT THE APPLICANT ITSELF EITHER (1) HAS MADE SALES OF PRODUCTS OR SERVICES TO AT LEAST TWO (2) CONCESSIONAIRE BUYER MEMBERS; OR (2) IN THE JUDGMENT OF THE IAADFS BOARD OF DIRECTORS ("BOARD OF DIRECTORS") PROVIDES AN INNOVATIVE OR NEW PRODUCT, SERVICE, OR LINE OF MERCHANDISE APPLICABLE TO DUTY FREE STORES. ASSOCIATE SUPPLIER MEMBERS SHALL RECEIVE SUCH ASSOCIATION PUBLICATIONS AND MAY ATTEND SUCH CONVENTIONS AND MEETINGS AS THE BOARD OF DIRECTORS DEEMS APPROPRIATE, BUT SHALL NOT HAVE VOTING RIGHTS AND SHALL NOT HOLD OFFICE. HONORARY MEMBERS: HONORARY MEMBERSHIP MAY BE CONFERRED BY RECOMMENDATIONS FROM ANY MEMBER UPON APPROVAL BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. HONORARY MEMBERS SHALL RECEIVE ASSOCIATION PUBLICATIONS AND MAY ATTEND CONVENTIONS AND MEETINGS, BUT SHALL NOT HOLD OFFICE, NOR HAVE THE RIGHT TO VOTE.

FORM 990, PART VI, SECTION A, LINE 7A

THE VOTING MEMBERS OF THE ASSOCIATION SHALL MEET ANNUALLY TO ELECT A BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS.

FORM 990, PART VI, SECTION B, LINE 11B

THE PRESIDENT/CEO REVIEWS THE FORM 990 AND DISTRIBUTES A COPY TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART XII, LINE 2C:

THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION OF AN INDEPENDENT AUDITOR PROCESS DURING THE TAX YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Software ID:
Software Version: