Nonprofit · EIN 54-1721530
F A I R TRADE GROUP
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $140,928 | $155,329 | -$14,401 | $9,573 | – | $9,573 |
| December 31, 2023 | 990-EZ | $103,950 | $157,717 | -$53,767 | $23,974 | – | $23,974 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Membership dues
- $64,500
- Program service revenue
- $76,428
Expenses
- Compensation of officers, directors and key employees
- $42,000
- Salaries, compensation and benefits (total)
- $42,000
- Professional fees and payments to contractors
- $63,458
- Printing, publications and postage
- $203
- Other expenses
- $49,668
- Program services (functional)
- $74,454
Balance sheet and other
- Total assets, start of year
- $23,974
- Total assets, end of year
- $9,573
- Total liabilities, end of year
- –
- Net assets, end of year
- $9,573
- Cash, savings and investments
- $9,573
- Gross receipts
- $140,928
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pati Colon | Deputy Director | 15 | $24,000 |
| Michael Faucette | Executive Dir. | 5 | $18,000 |
| Charles Fowler | President | 8 | $0 |
| Robert Penta | Vice President | 5 | $0 |
| Phil Haney | Director | 1 | $0 |
| Liz Conroy | Director | 1 | $0 |
| Harry Pakhanyan | Elec Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Pati Colon | Deputy Director | 15 | $24,000 |
| Michael Faucette | Executive Dir. | 5 | $18,000 |
| Charles Fowler | President | 8 | $0 |
| Robert Penta | Vice President | 5 | $0 |
| Phil Haney | Director | 1 | $0 |
| Liz Conroy | Director | 1 | $0 |
| Harry Pakhanyan | ElecDirector | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1775 I ST NW, WASHINGTON, DC 20006-2402
- In care of
- % EXECUTIVE DIRECTOR
- Mailing address (990-N for 2020)
- 1775 I Street NW, Washington DC 20006
- Principal officer (990-N for 2020)
- Michael Faucette, 1775 I Street NW, Washington DC 20006
- Signed the 990-EZ
- Michael Faucette, Executive Director
- Phone
- (202) 798-8526
- Website
- www.fairtradegroup.org
- Return prepared by
- Fisher Ring LLC
Mission
F.A.I.R. Trade Group is dedicated to protecting the interests of the firearms and ammunition import and export community. Our trade group works with many U.S. government agencies, including the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the U.S. Department of State, and the U.S. Customs and Border Protection to provide solutions to our members' concerns.
Program accomplishments
- On January 23-26, 2024, Shot Show Member Meeting at Las Vegas with 65 attendees. While attending the Shot Show, our members were invited to our Bi-Annual member meeting where they received the most recent changes and updates in the laws or processes from ATF and our government speakers.On March 14-15, 2024, FAIR SIA Virtual Conference with 60 attendees.Partnered with the Society for International Affairs to ensure the highest quality agenda and speakers with valuable access to government regulators in charge of licensing, enforcement, and policy from the U.S. Departments of State, Commerce, Treasury, Homeland Security, Justice, and the Bureau of Alcohol, Tobacco, Firearms and Explosives.On June 10-11, 2024, MGM Member Meeting with 70 attendees.ATF and Firearms Import and Export Industry Export Leaders for this two-day conference where they received first-hand information on recent regulatory and policy changes. In a world where we are all trying to find solid footing, this was an opportunity for our members to hear from experts who provided important updates on the complexities surrounding the new law changes and new import & export rulings that will impact our members.Expenses $74,454
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 54-1721530
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,573
- Income (IRS master file)
- $140,928
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $140,928 | $155,329 | $9,573 | XML |
| 990-EZ | December 2023 | $103,950 | $157,717 | $23,974 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Michael Faucette | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Johanna Reeves | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1721530).
Questions about F A I R TRADE GROUP
- What is the EIN of F A I R TRADE GROUP?
- The employer identification number (EIN) of F A I R TRADE GROUP is 54-1721530.
- Is F A I R TRADE GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to F A I R TRADE GROUP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does F A I R TRADE GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of F A I R TRADE GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did F A I R TRADE GROUP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of F A I R TRADE GROUP?
- The 990-N for 2020 names Michael Faucette.
- Who are the officers and directors of F A I R TRADE GROUP?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $24,000 (Pati Colon, Deputy Director).
- How much revenue does F A I R TRADE GROUP have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $140,928, expenses of $155,329 and total assets of $9,573 at year end.
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