North American Insulation Manufacturers Association Inc
- Assets
- $2.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Leland, NC
- Founding
- 09/1942
- Data as of
- 12/2022
- EIN
- 13-1087340
Organization Overview
North American Insulation Manufacturers Association Inc is located in Leland, NC. The organization was established in 1942. 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 12/2022, North American Insulation Manufacturers Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Insulation Manufacturers Association Inc 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 12/2022, North American Insulation Manufacturers Association Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 0.8% 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.
Since 2014, North American Insulation Manufacturers Association Inc has awarded 46 individual grants totaling $1,338,225. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ENERGY EFFICIENCY, ENVIRONMENTAL PRESERVATION & SAFE PRODUCTION & USE OF MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIR HANDLING - PROMOTES THE USE OF FIBER GLASS INSULATIONS IN DUCT SYSTEMS AND CREATES A POSITIVE ENVIRONMENT OF ACCEPTANCE BY ALL USERS OF FIBER GLASS AIR HANDLING PRODUCTS.
METAL BUILDING - PROMOTES THE USE OF FIBER GLASS INSULATION IN METAL BUILDING APPLICATIONS AND DEVELOPS HIGH PERFORMANCE SYSTEMS TO MEET ASHRAE 90.1 AND UPGRADED R-VALUE REQUIREMENTS.
COMMERCIAL AND INDUSTRIAL - PROMOTES THE PROPER USE OF FIBER GLASS, ROCK WOOL AND SLAG WOOL INSULATION PRODUCTS IN COMMERCIAL, INDUSTRIAL, MANUFACTURING, INSTITUTIONAL AND SPECIAL APPLICATIONS.
BUILDING INSULATION - PROMOTES THE USE OF FIBER GLASS AND ROCK/SLAG WOOL INSULATION MATERIALS IN THERMAL AND ACOUSTICAL APPLICATIONS IN RESIDENTIAL AND COMMERCIAL BUILDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Rich President, Ceo, & Treasurer | Officer | 34 | $737,999 |
Angus Crane Secretary | Officer | 34 | $310,863 |
Michelle Bunch Vp, Finance & Administration | Officer | 32 | $216,611 |
Charles Haack Vp, Technical Services | 35 | $184,186 | |
Stacy Fitzgerald-Redd Director, Communications | 35 | $163,747 | |
Patrick Kiker Vp, Marketing & Communications | 35 | $159,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icf Communications Consulting | 12/30/21 | $176,071 |
Stone Mattheis Xenopoulos & Brew Pc Energy Consulting | 12/30/21 | $115,000 |
Cardno Chemrisk Llc Engineering Consulting | 12/30/21 | $104,884 |
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 | $4,122,368 |
| Investment income | $11,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,234,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $179,103 |
| 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. | $1,455,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,802 |
| Pension plan accruals and contributions | $88,623 |
| Other employee benefits | $118,942 |
| Payroll taxes | $100,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,014 |
| Fees for services: Accounting | $56,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,389 |
| Advertising and promotion | $0 |
| Office expenses | $29,800 |
| Information technology | $169,170 |
| Royalties | $0 |
| Occupancy | $169,002 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $209,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,605 |
| All other expenses | $61,752 |
| Total functional expenses | $4,076,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,587,749 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $764,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,351,926 |
| Accounts payable and accrued expenses | $5,634 |
| 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 | $8,335 |
| Total liabilities | $13,969 |
| Net assets without donor restrictions | $2,337,957 |
| 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 | $2,351,926 |
Grants Awarded
Over the last fiscal year, North American Insulation Manufacturers Association Inc has awarded $173,103 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE TO SAVE ENERGY PURPOSE: TRADE ALLY SUPPORT | $110,000 |
RESNET PURPOSE: TRADE ALLY SUPPORT | $20,000 |
SOUTH-CENTRAL PARTNERSHIP FOR ENERGY EFFICIENCY AS A RESOURCE PURPOSE: TRADE ALLY SUPPORT | $16,103 |
AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY PURPOSE: TRADE ALLY SUPPORT | $12,000 |
BUSINESS COUNCIL FOR SUSTAINABLE ENERGY PURPOSE: TRADE ALLY SUPPORT | $15,000 |