International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $10.0m
- Revenue
- $3.7m
- Investments
- $6.7m
- Employees
- 18
- Location
- Boston, MA
- Founding
- 11/1940
- Data as of
- 05/2023
- EIN
- 04-1472045
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Boston, MA. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 05/2023, International Association Of Heat & Frost Insulators & Allied Workers employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Heat & Frost Insulators & Allied Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 05/2023, International Association Of Heat & Frost Insulators & Allied Workers generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.0m during the year ending 05/2023. While expenses have increased by 5.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNION PROVIDES COLLECTIVE BARGAINING AND OTHER REPRESENTATIONAL BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST ITS MEMBERSHIP IN SECURING EMPLOYMENT, TO DEFEND THEIR RIGHTS AND ADVANCE THEIR INTERESTS AS WORKING MEN AND WOMEN, AND BY EDUCATION AND CO-OPERATION, RAISE THEM TO THAT POSITION IN SOCIETY TO WHICH THEY ARE JUSTLY ENTITLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lister Business Manager/fin Sec (p) | OfficerTrustee | 40 | $96,416 |
Jeffrey Saliba Business Manager/fin Sec | OfficerTrustee | 40 | $139,901 |
Tom Wall V.p./business Agent | Trustee | 40 | $127,785 |
Wayne Ortiz President | OfficerTrustee | 2 | $10,014 |
Steven Sargent Executive Board/union Trus | Trustee | 2 | $0 |
Scott Conway Union Trustee/executive Bo (p) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,408,200 |
| Investment income | $155,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,729,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,425 |
| Grants and other assistance to domestic individuals. | $60,625 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $527,654 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,467 |
| Pension plan accruals and contributions | $213,698 |
| Other employee benefits | $103,770 |
| Payroll taxes | $57,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,651 |
| Fees for services: Accounting | $18,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $82,209 |
| Office expenses | $60,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $20,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,544 |
| Interest | $0 |
| Payments to affiliates | $779,745 |
| Depreciation, depletion, and amortization | $20,356 |
| Insurance | $21,968 |
| All other expenses | $5,602 |
| Total functional expenses | $2,960,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,959,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $88,686 |
| Investments—publicly traded securities | $1,177,498 |
| Investments—other securities | $6,735,665 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,966,512 |
| Accounts payable and accrued expenses | $8,304 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,604 |
| Total liabilities | $56,908 |
| Net assets without donor restrictions | $3,553,737 |
| Net assets with donor restrictions | $6,355,867 |
| 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 | $9,966,512 |