Heating Air Conditioning & Refrigeration Wholesalers Assoc
- Assets
- $6.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Columbus, OH
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 03-0443301
Organization Overview
Heating Air Conditioning & Refrigeration Wholesalers Assoc is located in Columbus, OH. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Heating Air Conditioning & Refrigeration Wholesalers Assoc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heating Air Conditioning & Refrigeration Wholesalers Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Heating Air Conditioning & Refrigeration Wholesalers Assoc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION - TO PROMOTE THE INTERESTS OF THE WHOLESALE HEATING, AIRCONDITIONING AND REFRIGERATION INDUSTRY BY UNDERTAKING SUCH PROGRAMS, SERVICES AND ACTIVITIES AS ARE LAWFUL AND CONSISTENT WITH ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION, CONFERENCES AND MEETINGS FOR MEMBERS PROVIDING EDUCATIONAL AND PROMOTIONAL SERVICES
SALARIES & BENEFITS - ALLOCATION OF ALL SALARIES AND BENEFITS FOR HARDI EMPLOYEES & OFFICERS THAT PRIMARILY RELATE TO THE PROGRAM SERVICE EXPENSES RELATING TO CONFERENCES AND OVERALL MEMBER SERVICES.
EDUCATION & TRAINING SERVICES - PROVIDES CONTINUINING EDUCATION AND SELF STUDY COURSE FOR MEMBERS ALONG WITH RELATED ACCREDITATION.
ALL OTHER EXPENSES RELATED TO PROGRAM SERVICES TO MEMBERS FOR HEATING, AIR- CONDITIONING, REFRIGERATION, DISTRIBUTORS INTERNATIONAL (HARDI)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Talbot Gee CEO | Officer | 40 | $293,058 |
Emily Saving Executive Vi | Officer | 40 | $194,947 |
Carlton Harwood Director | Trustee | 0.5 | $0 |
Mike Gallagher Director | Trustee | 0.5 | $0 |
Scott Weaver Director | Trustee | 0.5 | $0 |
Jeff Cherif Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $254,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,325 |
| Total Program Service Revenue | $5,242,044 |
| Investment income | $49,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,587,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,005 |
| Compensation of current officers, directors, key employees. | $242,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,157,970 |
| Pension plan accruals and contributions | $56,025 |
| Other employee benefits | $273,004 |
| Payroll taxes | $114,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,888 |
| Fees for services: Accounting | $11,115 |
| Fees for services: Lobbying | $66,866 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,914 |
| Advertising and promotion | $93,956 |
| Office expenses | $8,060 |
| Information technology | $167,581 |
| Royalties | $0 |
| Occupancy | $112,663 |
| Travel | $129,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,387,308 |
| Interest | $2,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,008 |
| Insurance | $14,464 |
| All other expenses | $0 |
| Total functional expenses | $4,995,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,922 |
| Savings and temporary cash investments | $2,366,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,220 |
| Net Land, buildings, and equipment | $388,346 |
| Investments—publicly traded securities | $3,028,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,122 |
| Total assets | $6,263,611 |
| Accounts payable and accrued expenses | $1,005,388 |
| Grants payable | $0 |
| Deferred revenue | $753,505 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $147,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,487 |
| Total liabilities | $1,941,285 |
| Net assets without donor restrictions | $4,322,326 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,263,611 |
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