Nonprofit · EIN 59-1921450
FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC
Tax-exempt · MIAMI, FL 33130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,562,897 | $3,622,534 | -$59,637 | $4,263,424 | $1,921,797 | $2,341,627 |
| December 31, 2023 | 990 | $7,350,613 | $6,115,525 | $1,235,088 | $4,110,459 | $1,709,195 | $2,401,264 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,243,709
- Investment income
- $102,722
- Other revenue
- $216,466
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $297,650
- Other salaries and wages
- $597,640
- Salaries, compensation and benefits (total)
- $1,128,254
- Professional fundraising fees
- $0
- Occupancy
- $38,979
- Travel
- $18,244
- Depreciation
- $24,256
- Program services (functional)
- $2,327,284
- Management and general (functional)
- $1,295,250
Balance sheet and other
- Total assets, start of year
- $4,110,459
- Total assets, end of year
- $4,263,424
- Total liabilities, end of year
- $1,921,797
- Net assets, end of year
- $2,341,627
- Land, buildings and equipment
- $47,570
- Net assets without donor restrictions
- $2,341,627
- Gross receipts
- $3,562,897
- Employees
- 9
- Volunteers
- 100
- Year formed
- 1979
- State of legal domicile
- FL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCHWARTZ | PRESIDENT & Officer | 40 | $297,650 |
| SOFIA VILLALOBOS | ACADEMY DIRE Highest-paid employee | 40 | $144,829 |
| JUAN A SANZ DE ACEDO | CONTROLLER Highest-paid employee | 40 | $132,260 |
| ALFONSO GARCIA | DIRECTOR Trustee or director | 1 | $0 |
| ROBERTO GATICA | DIRECTOR Trustee or director | 1 | $0 |
| STANLEY FOODMAN | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL GUTIERREZ | DIRECTOR Trustee or director | 1 | $0 |
| IVAN GARCES | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE FERNANDEZ-DANIEL | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE SHAH | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| ALEJANDRO PEREYRA | DIRECTOR Trustee or director | 1 | $0 |
| LUIS NAVAS | DIRECTOR Trustee or director | 1 | $0 |
| JAIRO NAMUR | DIRECTOR Trustee or director | 1 | $0 |
| LUIS PAVIA | DIRECTOR Trustee or director | 1 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONICA VAZQUEZ | DIRECTOR Trustee or director | 1 | $0 |
| TERESA FOXX | DIRECTOR Trustee or director | 1 | $0 |
| PABLO VALLEJO | DIRECTOR Trustee or director | 1 | $0 |
| JORDI TORRAS | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE PALMER | DIRECTOR Trustee or director | 1 | $0 |
| SUSANA SIERRA | DIRECTOR Trustee or director | 1 | $0 |
| JULIO ROJAS | DIRECTOR Trustee or director | 1 | $0 |
| CANDICE HUGGINS | DIRECTOR Trustee or director | 1 | $0 |
| JUAN RAMIREZ | DIRECTOR Trustee or director | 1 | $0 |
| FERNANDO CAPABLANCA | DIRECTOR Trustee or director | 1 | $0 |
| ANDRES ROSHARDT | DIRECTOR Trustee or director | 1 | $0 |
| JORGE MIRO | DIRECTOR Trustee or director | 1 | $0 |
| VINCENT RANIERE | DIRECTOR Trustee or director | 1 | $0 |
| EDGAR OSUNA | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS CHAZ MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| MARIA A RUIZ DE SOMOCURCIO | DIRECTOR Trustee or director | 1 | $0 |
| SISSY OLIVER | DIRECTOR Trustee or director | 1 | $0 |
| DANIELLE TARASEN | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIO PEREZ | DIRECTOR Trustee or director | 1 | $0 |
| GUILLERMO HORTA MONTES | DIRECTOR Trustee or director | 1 | $0 |
| GERMANA CRUZ | DIRECTOR Trustee or director | 1 | $0 |
| HARRY PAUL CUPPA | DIRECTOR Trustee or director | 1 | $0 |
| JUAN AZEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 46 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCHWARTZ | PRESIDENT & Officer | 40 | $280,000 |
| JUAN A SANZ DE ACEDO | CONTROLLER Highest-paid employee | 40 | $134,097 |
| SOFIA VILLALOBOS | ACADEMY DIRE Highest-paid employee | 40 | $125,560 |
| ALFONSO GARCIA | DIRECTOR Trustee or director | 1 | $0 |
| ROBERTO GATICA | DIRECTOR Trustee or director | 1 | $0 |
| STANLEY FOODMAN | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL GUTIERREZ | DIRECTOR Trustee or director | 1 | $0 |
| IVAN GARCES | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE FERNANDEZ-DANIEL | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE SHAH | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| ALEJANDRO PEREYRA | DIRECTOR Trustee or director | 1 | $0 |
| LUIS NAVAS | DIRECTOR Trustee or director | 1 | $0 |
| JAIRO NAMUR | DIRECTOR Trustee or director | 1 | $0 |
| LUIS PAVIA | DIRECTOR Trustee or director | 1 | $0 |
| JORDI TORRAS | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE PALMER | DIRECTOR Trustee or director | 1 | $0 |
| JULIO ROJAS | DIRECTOR Trustee or director | 1 | $0 |
| JUAN RAMIREZ | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS CHAZ MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| MARIA A RUIZ DE SOMOCURCIO | DIRECTOR Trustee or director | 1 | $0 |
| DANIELLE TARASEN | DIRECTOR Trustee or director | 1 | $0 |
| JUAN AZEL | DIRECTOR Trustee or director | 1 | $0 |
| ANDRES ARREDONDO | DIRECTOR Trustee or director | 1 | $0 |
| GUILLERMO BENITES | DIRECTOR Trustee or director | 1 | $0 |
| CASSANDRA CAPOTE | DIRECTOR Trustee or director | 1 | $0 |
| ALBERTO CAPRILES | DIRECTOR Trustee or director | 1 | $0 |
| GERMANA CRUZ | DIRECTOR Trustee or director | 1 | $0 |
| BRENNER CAVALCANTE | DIRECTOR Trustee or director | 1 | $0 |
| ALBERTO DE LA PORTILLA | DIRECTOR Trustee or director | 1 | $0 |
| ANDRES FERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| DANIELA FONSECA PUGGINA | DIRECTOR Trustee or director | 1 | $0 |
| CARL FORNARIS | DIRECTOR Trustee or director | 1 | $0 |
| SILKA GONZASLEZ | DIRECTOR Trustee or director | 1 | $0 |
| LADONNA GREAVES | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| LILIANA HERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
| ALEX KLEIN | DIRECTOR Trustee or director | 1 | $0 |
| LOURDES MADARIAGA | DIRECTOR Trustee or director | 1 | $0 |
| ERICO NARCHI | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS PEREZ-ABREU | DIRECTOR Trustee or director | 1 | $0 |
| KIMNERLY PRIOR | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT TARG | DIRECTOR Trustee or director | 1 | $0 |
| BOR VAN DER WEERDEN | DIRECTOR Trustee or director | 1 | $0 |
| MOISES VIDAL | DIRECTOR Trustee or director | 1 | $0 |
| ANDRES FERNANDEZ | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 80 SW 8TH ST STE 2590, MIAMI, FL 33130-3047
- Principal officer (990 for 2024)
- DAVID SCHWARTZ, 80 SW 8TH STREET NO 2590, MIAMI, FL 33130
- Signed the 990
- DAVID SCHWARTZ, PRESIDENT & CEO
- Phone
- (305) 579-0086
- Website
- WWW.FIBA.NET
- Return prepared by
- GARCIA SANTA MARIA DE ARMAS TRUJILLO
Mission
NON-PROFIT TRADE ASSOCIATION FOUNDED PRIMARILY TO SERVICE THE NEEDS OF BANKS AND FINANCIAL INSTITUTIONS ENGAGED IN INTERNATIONAL BUSINESS.
Program accomplishments
- IN 2024, FIBA ORGANIZED ITS ANNUAL AML CONFERENCE WITH OVER 1,000 PARTICIPANTS AS WELL AS TRAINING MORE THAN 1,138 IN COMPLIANCE, CORRESPONDENT BANKING, AND SANCTIONS AMONGST OTHER PROGRAMS.Expenses $2,327,284 · revenue $3,562,897
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1921450
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,263,424
- Income (IRS master file)
- $3,562,897
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,562,897 | $3,622,534 | $4,263,424 | XML |
| 990 | December 2023 | $7,350,613 | $6,115,525 | $4,110,459 | XML |
| 990 | December 2022 | $594,412 | $1,024,718 | $3,403,167 | IRS |
| 990 | June 2022 | $4,427,627 | $3,949,085 | $2,346,403 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 59-1921450).
Questions about FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC
- What is the EIN of FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC?
- The employer identification number (EIN) of FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC is 59-1921450.
- Is FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1981.
- Are donations to FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC 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 FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC 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 FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names DAVID SCHWARTZ.
- Who are the officers and directors of FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 38 people; 3 received compensation from the organization, the highest $297,650 (DAVID SCHWARTZ, PRESIDENT &).
- How much revenue does FINANCIAL AND INTERNATIONAL BUSINESS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,562,897, expenses of $3,622,534 and total assets of $4,263,424 at year end.
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