2026-08-10T10:10:05-05:00 2025-12-31 521022232 SNYDER COHN PC 11200 ROCKVILLE PIKE SUITE 415 NORTH BETHESDA MD 20852 990 2025-01-01 530259945 INTERNATIONAL BRIDGE TUNNEL AND TURNPIKE ASSOCIATION INTE 2026594620 1101 14TH STREET NW SUITE 625 WASHINGTON DC 200055666 MARK CHUNG EXECUTIVE DIRECTOR & CEO 2026594620 2026-08-05 1 KEITH JENNINGS P01319883 3016526700 2026-08-05 2025 2025-03-06 01:10:19Z MARK CHUNG 1101 14TH STREET NW SUITE 625 WASHINGTON DC 200055666 11644844 0 X WWW.IBTTA.ORG X 1932 DE THE INTERNATIONAL BRIDGE, TUNNEL & TURNPIKE ASSOCIATION (IBTTA) IS THE GLOBAL ASSOCIATION FOR THE OWNERS AND OPERATORS OF TOLL FACILITIES AND THE BUSINESSES THAT SERVE THEM. 24 24 19 125 0 0 0 40000 7178258 7967298 244633 287694 26644 9267 7449535 8304259 54000 63000 0 0 3459565 2889368 0 0 0 4243855 4905749 7757420 7858117 -307885 446142 8768454 9319934 3813363 3915219 4955091 5404715 THE INTERNATIONAL BRIDGE, TUNNEL & TURNPIKE ASSOCIATION (IBTTA) IS THE GLOBAL ASSOCIATION FOR THE OWNERS AND OPERATORS OF TOLL FACILITIES AND THE BUSINESSES THAT SERVE THEM. 0 0 EDUCATION AND KNOWLEDGE SHARING - IBTTA'S PRIORITY IS HELPING MEMBERS STAY ABREAST OF TRENDS THAT WILL SEE THE TOLL INDUSTRY EMERGE AS ONE OF THE MOST IMPORTANT FORCES IN HIGHWAY FINANCE AND OPERATIONS AROUND THE WORLD. FINANCE SUMMITS, MEETINGS (BOTH IN-PERSON AND VIRTUAL), EXHIBITIONS AND WORKSHOPS ARE HELD THROUGHOUT THE YEAR. GOVERNMENT AFFAIRS - IBTTA'S GOVERNMENT AFFAIRS ARM ADVOCATES FOR A POLITICAL ENVIRONMENT THAT FOSTERS THE GROWTH AND WIDESPREAD ADOPTION OF TOLLING AS A VIABLE MEANS TO FUND AND FINANCE ROAD, BRIDGE AND TUNNEL INFRASTRUCTURES TOLLMINER ALLOWS MEMBERS TO VIEW, ANALYZE AND MINE INDUSTRY DATA TO EMPOWER THEIR ORGANIZATIONS. THE PLATFORM IS FOCUSED ON TOLL OPERATORS AND THE FACILITIES THEY OPERATE, AND WILL BE CONTINUALLY EVOLVING TO ADD MORE DATA POINTS AND CORRESPONDING VISUALIZATIONS. CURRENT DATA INCLUDES GENERAL FACTS ABOUT THE TOLLING INDUSTRY, PRICED MANAGED LANES, TRAFFIC AND REVENUE FOR TOLL OPERATORS, AND A DETAILED REVIEW OF TOLL FACILITIES. RECOGNIZING THAT THE TOLL INDUSTRY IS VAST AND VARIED, TOLLMINER IS BEING BUILT USING A CROWD SOURCING APPROACH. IBTTA IS ENGAGING WITH THE INDUSTRY TO VALIDATE AND SUGGEST ADDITIONS TO THE DATA. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16 0 1 19 1 0 0 0 0 1 1 0 0 0 X 24 24 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 1 1 1 0 X THE ORGANIZATION 2026594620 1101 14TH STREET NW 625 WASHINGTON DC 20005 JAMES HOFMANN PRESIDENT 4.00 X X 0 0 0 BILL HALKIAS IMMEDIATE PAST PRESIDENT 4.00 X X 0 0 0 JOI DEAN FIRST VICE PRESIDENT 4.00 X X 0 0 0 FERZAN AHMED SECOND VICE PRESIDENT 4.00 X X 0 0 0 MARIA MORENO INTERNATIONAL VICE PRESIDE 4.00 X X 0 0 0 AMANDA BAXTER DIRECTOR 2.00 X 0 0 0 ANNA BONET DIRECTOR 2.00 X 0 0 0 LUCINDA BROUSSARD DIRECTOR 2.00 X 0 0 0 LORI CARON SILVIERA DIRECTOR 2.00 X 0 0 0 JEFFREY DAILEY DIRECTOR 2.00 X 0 0 0 HOWARD ELEY DIRECTOR 2.00 X 0 0 0 KONSTANTINOS KOUTSOUKOS DIRECTOR 2.00 X 0 0 0 NICOLA LIQUORI DIRECTOR 2.00 X 0 0 0 MERRYL MANDUS DIRECTOR 2.00 X 0 0 0 JULIA MONSO DIRECTOR 2.00 X 0 0 0 RENE MOSER DIRECTOR 2.00 X 0 0 0 NICK ROETHEL DIRECTOR 2.00 X 0 0 0 CASSAUNDRA ROUSE DIRECTOR 2.00 X 0 0 0 DEBORAH SHARPLESS DIRECTOR 2.00 X 0 0 0 CRAIG SHUEY DIRECTOR 2.00 X 0 0 0 TIMOTHY STURICK DIRECTOR 2.00 X 0 0 0 VINCENT VALDEZ DIRECTOR 2.00 X 0 0 0 CHRISTOPHE BOUTIN DIRECTOR 2.00 X 0 0 0 JAMES CARONE DIRECTOR 2.00 X 0 0 0 MARK CHUNG EXECUTIVE DIRECTOR/CEO SINCE 12/25 40.00 X 58111 0 3000 KATHRYN CLAY EXEC DIRECTOR/CEO THROUGH 4/25 40.00 X 152292 0 633 PHILLIP MORRONE VP, FINANCE & ADMINISTRATION 40.00 X 214537 0 20116 WANDA KLAYMAN INTERIM EXEC DIRECTOR 4/25-11/25 40.00 X 423515 0 23787 MARK MURIELLO VP POLICY & GOVT AFFAIRS 40.00 X 297639 0 20215 ANNA OUELLETTE DIRECTOR OF MEETINGS 40.00 X 157634 0 37466 CHERYLE ARNOLD DIRECTOR, WEB SERVICES & C 40.00 X 176389 0 33514 ERIN MOSHER MEETING CONTENT PRODUCER 40.00 X 153646 0 29827 TANYA SHERES VP COMMS, MARKETING, AND M 40.00 X 245256 0 27132 TERRI LANKFORD SENIOR MANAGER, MEMBER RELATIONS & EXHIBITS 40.00 X 146447 0 36387 2025466 0 232077 13 0 1 0 HWG LLP 1919 M STREET NW 8TH FLOOR WASHINGTON DC 20036 LEGAL SERVICES 277209 IMAGE AUDIOVISUALS INC 2130 SOUTH DAHLIA STREET DENVER CO 80222 AV SERVICES 203755 NOUN HUMAN RESOURCES 1206 ROCK HILL DRIVE FREDERICK MD 21703 HR SERVICES 120913 3 40000 40000 MEETING REVENUE 900099 4218404 4218404 MEMBERSHIP DUES 900099 3748894 3748894 7967298 212743 212743 9267 9267 3415536 3340585 74951 74951 74951 8304259 7967298 0 296961 63000 1213845 1142761 104387 254512 173863 286086 154683 24090 472424 191084 12064 481085 159019 158338 2568814 191574 31562 BANK AND CREDIT CARD FE 145145 DUES AND SUBSCRIPTIONS 18540 BAD DEBT EXPENSE 4780 REFERENCE MATERIALS 4750 1711 7858117 749514 1494531 1772163 758159 10560 18845 117585 167955 1887066 1150681 931644 736385 4211376 5254421 975612 889638 8768454 9319934 332594 283958 1747964 2052960 1732805 1578301 3813363 3915219 X 4955091 5404715 4955091 5404715 8768454 9319934 X 446142 365438 -362108 152 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 3748894 203477 -1288315 -1084838 224934 -1309772 505776 130630 375146 168211 89782 78429 1213079 930269 282810 736385 SECURITY DEPOSIT 16817 RIGHT OF USE ASSET - OPERATING LEASE 872821 889638 OPERATING LEASE LIABILITY 1508330 DUE TO RELATED PARTY 69971 1578301 X PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX EFFECT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE ACCRUED AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES WHEN ASSESSED. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. TAX YEARS PRIOR TO 2022 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES THE IBTTA GLOBAL TOLLING SUMMIT, SEPTEMBER 13-16, 2025, IN LYON, FRANCE. 162917 0 0 0 0 0 0 162917 0 162917 0 0 0 0 0 0 PART I, LINE 2: THERE WERE NO GRANT ACTIVITIES COMPLETED BY THE ASSOCIATION. 0 IBTTA FOUNDATION 1101 14TH SREET NW SUITE 625 WASHINGTON DC 20005 208809804 501(C)(3) 62000 0 GENERAL SUPPORT 1 X X X X 1 0 0 WANDA KLAYMAN INTERIM EXEC DIRECTOR 4/25-11/25 383286 0 40000 0 229 0 21000 0 2787 0 447302 0 0 0 MARK MURIELLO VP POLICY & GOVT AFFAIRS 282000 0 14100 0 1539 0 17858 0 2357 0 317854 0 0 0 TANYA SHERES VP COMMS, MARKETING, AND M 233374 0 11700 0 182 0 3688 0 23444 0 272388 0 0 0 PHILLIP MORRONE VP, FINANCE & ADMINISTRATION 193833 0 0 0 20704 0 9239 0 10877 0 234653 0 0 0 CHERYLE ARNOLD DIRECTOR, WEB SERVICES & C 161100 0 13055 0 2234 0 10583 0 22931 0 209903 0 0 0 ANNA OUELLETTE DIRECTOR OF MEETINGS 149827 0 7555 0 252 0 9534 0 27932 0 195100 0 0 0 ERIN MOSHER MEETING CONTENT PRODUCER 145882 0 7505 0 259 0 9472 0 20355 0 183473 0 0 0 TERRI LANKFORD SENIOR MANAGER, MEMBER RELATIONS & E 138926 0 7000 0 521 0 8851 0 27536 0 182834 0 0 0 KATHRYN CLAY EXEC DIRECTOR/CEO THROUGH 4/25 118959 0 0 0 33333 0 0 0 633 0 152925 0 0 0 PART I, LINE 3 EXECUTIVE DIRECTOR IS UNDER A THREE YEAR CONTRACT BASED ON INFORMATION FROM A COMPENSATION CONSULTANT. ANNUAL BONUSES AVAILABLE UNDER THE CONTRACT ARE DECIDED BY THE COMPENSATION COMMITTEE OF THE BOARD PART I, LINE 4A FORMER EXECUTIVE DIRECTOR/CEO - $33,333 VP, FINANCE & ADMINISTRATION - $20,333 FORM 990, PART VI, SECTION A, LINE 1A FROM THE BYLAWS: "ARTICLE VI, SECTION 1. EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL GENERALLY SUPERVISE THE AFFAIRS OF THE ASSOCIATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND SHALL PERFORM SUCH OTHER FUNCTIONS AS THE BOARD OF DIRECTORS MAY AUTHORIZE." THE BOARD CAN ALSO DELEGATE AUTHORITY TO THE EXECUTIVE COMMITTEE TO PERFORM SPECIFIC ACTIONS. FORM 990, PART VI, SECTION A, LINE 6 OPERATOR MEMBERS MAY VOTE AT THE ANNUAL MEETING FOR BOARD MEMBERS AND MAY SERVE ON CERTAIN COMMITTEES SUCH AS NOMINATING. ASSOCIATE MEMBERS MAY SERVE ON (AND CHAIR) MOST COMMITTEES BUT CAN'T VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A OPERATOR MEMBERS MAY VOTE FOR NEW BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION OF NEW BOARD MEMBERS AND CHANGES TO BY-LAWS ARE VOTED ON BY OPERATOR MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DETAILED REVIEW OF THE 990 IS PERFORMED BY THE EXECUTIVE DIRECTOR & CEO AND VP FINANCE. THE 990 IS DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ASSOCIATION REGULARLY ENGAGES A SPECIALIST TO PERFORM A REVIEW OF ALL JOB DESCRIPTIONS AND SALARY RANGES IN THE APPROPRIATE METROPOLITAN AREA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN EXCHANGE GAIN (LOSS) 152. FORM 990, PART XI, LINE 6: IN-KIND SALARIES TO RELATED PARTY IBTTA FOUNDATION 1101 14TH STREET NW SUITE 625 WASHINGTON DC 20005 208809804 EDUCATION DC 501(C)(3) LINE 7 INTERNATIONAL BRIDGE TUNNEL & TURNPIKE 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 IBTTA FOUNDATION B 62000 CASH IBTTA FOUNDATION O 362108 CASH PART II, IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: IBTTA FOUNDATION DIRECT CONTROLLING ENTITY: INTERNATIONAL BRIDGE, TUNNEL & TURNPIKE ASSOCIATION