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Nonprofit · EIN 98-1523660

INTERNATIONAL TRADE & FORFAITING ASSOCIATION

Tax-exempt (reinstated) · MONTVALE, NJ 07645

Financials

$1.7M$1.4M2024$1.7M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of INTERNATIONAL TRADE & FORFAITING ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,699,209$1,692,054$7,155$1,728,613$290,703$1,437,910
December 31, 2024990$1,708,846$1,442,264$266,582$1,566,063$302,097$1,263,966
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$580,361
Membership dues
$580,361
Program service revenue
$1,012,890
Investment income
$17,734
Other revenue
$88,224

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$101,752
Travel
$119,823
Program services (functional)
$1,049,451
Management and general (functional)
$642,603

Balance sheet and other

Total assets, start of year
$1,566,063
Total assets, end of year
$1,728,613
Total liabilities, end of year
$290,703
Net assets, end of year
$1,437,910
Publicly traded securities
$113,011
Gross receipts
$1,699,209
Employees
0
Year formed
1999

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Sean EdwardsChairman
Trustee or director, Officer
10$0
Lorna PillowBoard member
Trustee or director
5$0
Andre CastermanBoard Member
Trustee or director
5$0
Chris HallBoard Member
Trustee or director
5$0
Duarte PedreiraBoard Member
Trustee or director
5$0
Laxmi Marayan S MadhavajhalaBoard Member
Trustee or director
5$0
Simon CookBoard Member
Trustee or director
5$0
Paul ColesBoard Member
Trustee or director
5$0
Silja CalacSchneiderBoard Member
Trustee or director
5$0
Sian Dawn AspinallBoard Member
Trustee or director
5$0
Hernan MayolBoard Member
Trustee or director
5$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
Sean EdwardsChairman
Trustee or director, Officer
10$0
Lorna PillowBoard member
Trustee or director
5$0
Andre CastermanBoard Member
Trustee or director
5$0
Chris HallBoard Member
Trustee or director
5$0
Duarte PedreiraBoard Member
Trustee or director
5$0
Zhang MeiBoard Member
Trustee or director
5$0
Simon CookBoard Member
Trustee or director
5$0
Paul ColesBoard Member
Trustee or director
5$0
Silja CalacBoard Member
Trustee or director
5$0
Lynn GalwoskiBoard Member
Trustee or director
5$0
Johanna WissingBoard Member
Trustee or director
5$0

Address and contacts

Address (IRS master file)
C/O BEACON CPA 50 CHESTNUT RIDGE RD, MONTVALE, NJ 07645-0000
In care of
% CARE OF FORMAT A AG
Principal officer (990 for 2025)
Sean Edwards, C/O Beacon CPA 50 Chestnut Ridge Rd, Montvale, NJ 07645
Signed the 990
Sean Edwards, Chairman
Phone
(201) 307-8500
Website
itfa.org
Return prepared by
Beacon CPA PC

Mission

ITFA is the worldwide trade association for companies, financial institutions and intermediaries engaged in global trade, forfaiting, supply chain and receivables financing. It supports and offers education to members, acting as a valuable forum for its members to interact.

990 for the year ended December 31, 2025

Program accomplishments

  • Member Support and Education/Conferences.
    Expenses $698,033 · revenue $1,012,813
  • Committee Work (Insurance, Regional, Fintech, Market Practice, Emerging Leaders, and ESG Committees).
    Expenses $351,418
  • Books
    revenue $77

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
98-1523660
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,728,613
Income (IRS master file)
$1,699,209

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,699,209$1,692,054$1,728,613IRS
990December 2024$1,708,846$1,442,264$1,566,063IRS

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 98-1523660).

Questions about INTERNATIONAL TRADE & FORFAITING ASSOCIATION

What is the EIN of INTERNATIONAL TRADE & FORFAITING ASSOCIATION?
The employer identification number (EIN) of INTERNATIONAL TRADE & FORFAITING ASSOCIATION is 98-1523660.
Is INTERNATIONAL TRADE & FORFAITING ASSOCIATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to INTERNATIONAL TRADE & FORFAITING ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INTERNATIONAL TRADE & FORFAITING ASSOCIATION 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 INTERNATIONAL TRADE & FORFAITING ASSOCIATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INTERNATIONAL TRADE & FORFAITING ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INTERNATIONAL TRADE & FORFAITING ASSOCIATION?
The 990 for the year ended December 31, 2025 names Sean Edwards.
Who are the officers and directors of INTERNATIONAL TRADE & FORFAITING ASSOCIATION?
The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does INTERNATIONAL TRADE & FORFAITING ASSOCIATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,699,209, expenses of $1,692,054 and total assets of $1,728,613 at year end.

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