2025-06-03T09:40:10-05:00 2024-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2024-01-01 521038765 INTERNATIONAL LIQUID TERMINALS ASSOCIATION INTE 7038752011 655 15TH STREET WASHINGTON DC 20005 JEFFREY LEVITT CHIEF FINANCIAL OFFICER 7038752011 2025-05-30 1 0 ANDREW E YOUNG CPA CGMA MBA P01203950 7035351200 2025-05-30 2024 2025-03-06 01:10:19Z JEFFREY LEVITT 655 15TH STREET WASHINGTON DC 20005 4895232 0 X WWWW.ILTA.ORG X 1974 VA FOUNDED IN 1974, THE INTERNATIONAL LIQUID TERMINALS ASSOCIATION (ILTA) IS AN ADVOCATE AND KEY RESOURCE FOR THE LIQUID TERMINAL INDUSTRY. WITH HEADQUARTERS IN THE WASHINGTON, DC, AREA, ILTA ADVOCATES ON BEHALF OF THE LIQUID TERMINAL INDUSTRY IN CONGRESS AND AT THE FEDERAL AGENCIES. ILTA ALSO MAINTAINS CLOSE WORKING RELATIONSHIPS WITH OTHER ORGANIZATIONS THAT INTERACT WITH THE TANK STORAGE INDUSTRY. 13 13 11 16 114518 42821 0 0 4064375 4596398 13060 48564 0 0 4077435 4644962 0 0 0 0 1577339 1091055 0 0 0 2953331 3120710 4530670 4211765 -453235 433197 2568991 4852327 2180591 3945594 388400 906733 TO BENEFIT OUR MEMBERS BY PROVIDING RESOURCES THAT ENABLE THE LIQUID TERMINAL INDUSTRY TO THRIVE. 0 0 ILTA MEMBERS REPRESENT A DIVERSE GROUP OF COMPANIES THAT ARE A CRITICAL LINK IN THE TRANSPORTATION SYSTEMS FOR LIQUID COMMODITIES. ILTA HAS TWO MEMBERSHIP CATEGORIES: TERMINAL MEMBERS AND SUPPLIER MEMBERS. ALL OF ILTA'S MEMBERS, LARGE AND SMALL, SHARE THE BELIEF THAT A UNIFIED ASSOCIATION IS IN THEIR BEST INTEREST. AS AN ASSOCIATION, WE ENABLE OUR MEMBERS TO POOL THEIR RESOURCES TO MORE EFFECTIVELY MONITOR AND HELP TO SHAPE GOVERNMENT LAWS AND REGULATIONS, AND TO FOSTER EDUCATIONAL, TRAINING, AND NETWORKING OPPORTUNITIES FOR THE ENTIRE INDUSTRY. ILTA HOSTS A NUMBER OF MEETINGS AND TRAINING PROGRAMS ON AN ANNUAL BASIS. THESE EVENTS FOCUS ON A RANGE OF TOPICS, OFFERING ATTENDEES THE MOST CURRENT INFORMATION ON INDUSTRY TRENDS, REGULATORY DEVELOPMENTS AND POLICY ISSUES. SOME MEETINGS ARE OPEN TO ALL TERMINAL INDUSTRY PROFESSIONALS WHILE OTHERS ARE EXCLUSIVELY FOR ILTA MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 11 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 VA X INTERNATIONAL LIQUID TERMINALS ASSOCIATION 7038752011 655 15TH STREET NW WASHINGTON DC 20005 T PRATT SUMMERS CHAIRMAN 2.00 X X 0 0 0 ERIC CONARD VICE CHAIRMAN 2.00 X X 0 0 0 JOSH ETZEL TREASURER 2.00 X X 0 0 0 VINCENT DI COSIMO SECRETARY 2.00 X X 0 0 0 TIM WINTERS EX-OFFICIO 2.00 X X 0 0 0 JAY BANY DIRECTOR 2.00 X 0 0 0 KARL BERNARD DIRECTOR 2.00 X 0 0 0 CHESTER BULLARD DIRECTOR 2.00 X 0 0 0 JAMES HILL DIRECTOR 2.00 X 0 0 0 JONATHAN HUNT DIRECTOR 2.00 X 0 0 0 TRACI JOHNSON DIRECTOR 2.00 X 0 0 0 MELANIE LITTLE DIRECTOR 2.00 X 0 0 0 GREG MOURAS DIRECTOR 2.00 X 0 0 0 JOEL PASTOREK DIRECTOR 2.00 X 0 0 0 MERIDITH WILSON DIRECTOR 2.00 X 0 0 0 REGINA ZOLNOR DIRECTOR 2.00 X 0 0 0 KATHRYN CLAY FORMER PRESIDENT 40.00 X 147865 0 9879 LEAKHENA SWETT PRESIDENT 40.00 X 309888 0 18593 JEFRREY LEVITT CHIEF FINANCAL OFFICER 40.00 X 112952 0 25690 MEREDITH DEZEMLER SENIOR DIRECTOR OF EVENTS 40.00 X 176952 0 19909 JOHNATHAN CRUZ SENIOR DIRECTOR OF GOVERNMENT AFFAIRS AND COMMUNIC 40.00 X 166990 0 17838 914647 0 91909 5 1 1 0 NOSSAMAN LLP 777 SOUTH FIGUEROA STREET 34TH FLO LOS ANGELES CA 90017 GOVERNMENT AFFAIRS, POLITCAL LAW AND ENV 199752 1 ANNUAL CONFERENCE 900099 2392829 2392829 MEMBERSHIP DUES 900099 1726933 1726933 SPONSORSHIP 900099 292310 292310 ADVERTISING INCOME 541800 114518 114518 BOARD MEETING REVENUE 900099 61220 61220 8588 8588 4596398 59281 59281 239553 250270 -10717 -10717 -10717 4644962 4481880 114518 48564 851808 124626 7650 37294 69677 234005 82466 35558 94620 86206 169487 1344303 24476 4069 LEGISLATIVE AFFAIRS 295147 STAFF, BOARD AND COMMIT 182861 OTHER- SEVERANCE 157703 INDUSTRY RELATIONS 128175 281634 4211765 447696 984683 485 216 434498 342588 132926 44366 19761 88560 1568320 1789012 37101 24972 61130 1622296 2568991 4852327 359825 105471 1820766 2138621 0 1701502 2180591 3945594 X 388400 906733 388400 906733 2568991 4852327 433197 85136 0 X X 0 1 X 1 0 0 0 0 1967633 41434 -227351 -185917 196763 -382680 123548 43428 80120 9378 938 8440 88560 MORGAN STANLEY - EMERGENCY 1353315 F MORGAN STANLEY - STRATEGIC 435697 F 1789012 SECURITY DEPOSIT 47303 RIGHT-OF-USE ASSET OPERATING LEASE 1574993 1622296 OPERATING LEASE LIABILITY 1701502 1701502 X 4730098 85136 85136 4644962 0 4644962 4211765 0 4211765 0 4211765 PART X, LINE 2: IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. X 1 0 0 KATHRYN CLAY FORMER PRESIDENT 0 0 0 0 147865 0 8890 0 989 0 157744 0 0 0 LEAKHENA SWETT PRESIDENT 263988 0 45900 0 0 0 18593 0 0 0 328481 0 0 0 MEREDITH DEZEMLER SENIOR DIRECTOR OF EVENTS 156952 0 20000 0 0 0 10617 0 9292 0 196861 0 0 0 JOHNATHAN CRUZ SENIOR DIRECTOR OF GOVERNMENT AFFAIR 146990 0 20000 0 0 0 10201 0 7637 0 184828 0 0 0 PART I, LINE 3 THE BOARD WILL APPROVE THE CEO'S SALARY ON AN ANNUAL BASIS. PART I, LINE 4A KATHRYN CLAY, FORMER PRESIDENT, RECEIVED A SEVERANCE PAYMENT OF $147,865 IN 2024 UPON THE TERMINATION OF HER EMPLOYMENT. THE PAYMENT WAS REPORTED AS OTHER COMPENSATION IN PART VII AND ON SCHEDULE J. FORM 990, PART VI, SECTION A, LINE 6 ILTA IS COMPOSED SOLELY OF CORPORATE MEMBERS. ILTA MEMBERS FALL INTO ONE OF THREE CATEGORIES, TWO OF THOSE CATEGORIES ARE FOR COMPANIES IN THE TERMINAL BUSINESS, INCLUDING FOR HIRE AND INTERNATION TERMINALS. THE THIRD CATEGORY IS SUPPLIER MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR, AT THE ANNUAL MEETING, THE MEMBERS OF THE ASSOCIATION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EACH YEAR, AT THE ANNUAL MEETING, THE MEMBERS OF THE ASSOCIATION APPROVE THE ANNUAL BUDGET FOR THE NEXT YEAR BY PROXY VOTE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE PRESIDENT TO REVIEW BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. A COPY IS ALSO PROVIDED TO THE TREASURER. BOTH OFFICERS ARE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST OF BOARD MEMBERS, OFFICERS AND THE PRESIDENT OF ILTA SHOULD BE MADE TO THE BOARD OPERATIONS COMMITTEE. THE COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS AND WHETHER IT IS MATERIAL. IF A CONFLICT IS FOUND TO BE MATERIAL, THE COMMITTEE SHALL DETERMINE WHETHER THE CONTEMPLATED TRANSACTION SHALL BE DISAPPROVED, OR WHETHER IT SHOULD NEVERTHELESS BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO ILTA. IN MAKING THESE DECISIONS, THE COMMITTEE SHALL HAVE DISCRETION TO TAKE FINAL ACTION OR REFER THE MATTER TO THE BOARD OF DIRECTORS FOR A FINAL DECISION. THE PERSON MAKING THE DISCLOSURE TO THE COMMITTEE SHALL NOT BE PRESENT DURING COMMITTEE OR BOARD DISCUSSION OR DECISION ON THE MATTER. HOWEVER, THAT PERSON SHALL PROVIDE THE COMMITTEE OR THE BOARD WITH ALL RELEVANT INFORMATION. STAFF DISCLOSURES SHOULD BE MADE TO THE PRESIDENT OF ILTA, WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS AND WHETHER IT IS MATERIAL. IF A CONFLICT IS FOUND TO BE MATERIAL, THE PRESIDENT SHALL BRING IT TO THE ATTENTION OF THE BOARD OPERATIONS COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD MEMBERS WILL EVALUATE AND DETERMINE THE PAY AT BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 ILTA'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ASSOCIATION HAS NOT CHANGED ITS PROCESS REGARDING THE OVERSIGHT OF THE INDEPENDENT AUDIT AND SELECTION OF INDEPENDENT AUDITORS DURING THE FISCAL YEAR. INTERNATIONAL LIQUID TERMINALS ASSOCITION POLITICAL ACTION COMMITTEE 1005 N GLEBE RD SUITE 600 ARLINGTON VA 22201 POLITICAL ACTIVITY VA 527 N/A INTERNATIONAL LIQUID TERMINALS ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0