American Society Of Heating Refrigerating & A-C Engineers
- Assets
- $58.8m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 120
- Location
- Peachtree Corners, GA
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 13-5675095
Organization Overview
American Society Of Heating Refrigerating & A-C Engineers is located in Peachtree Corners, GA. The organization was established in 1973. 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 06/2021, American Society Of Heating Refrigerating & A-C Engineers employed 120 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Society Of Heating Refrigerating & A-C Engineers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Society Of Heating Refrigerating & A-C Engineers generated $23.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $20.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE HUMANITY BY ADVANCING THE ARTS AND SCIENCES OF HEATING, VENTILATION, AIR-CONDITIONING, REFRIGERATION AND THEIR ALLIED FIELDS.
Describe the Organization's Program Activity:
PUBLISHING AND EDUCATION - INCLUDING ELECTRONIC COMMUNICATIONS, HANDBOOK, PROFESSIONAL DEVELOPMENT, PUBLICATIONS AND SOCIETY PROGRAMS.
MEMBERS' COUNCIL - INCLUDING ADMISSIONS AND ADVANCEMENT, REGIONAL CHAPTERS, HONORS & AWARDS AND MEETINGS
RESEARCH - INCLUDING ALTERNATIVE REFRIGERANTS, INDOOR AIR QUALITY, ENERGY CONSERVATION, DESINGING TOOLS, HEALTH & SAFETY, REFRIGERATION AND FOOD PROCESSING AND PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff H Littleton Secretary | Officer | 60 | $395,365 |
Craig Wright Director Of Finance & Admi | Officer | 40 | $187,701 |
Kim Mitchell Chief Development Officer | Officer | 40 | $186,653 |
Vanita Gupta Director Of Marketing | Officer | 40 | $186,620 |
Joyce Abrams Director Of Member Service | Officer | 40 | $172,992 |
Mark Owen Editor/group Manager Speci | Officer | 40 | $165,628 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lane Press Printing And Mailing Journals | 6/29/21 | $402,534 |
Creative Solar Usa Installed Solar Panels | 6/29/21 | $423,147 |
Ntt America Solutions Inc Installed Audio And Video Equipment | 6/29/21 | $395,230 |
Dekalb Office Environments Installation Of New Office Furniture | 6/29/21 | $286,918 |
Skanska Usa Building Construction | 6/29/21 | $4,988,968 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,215,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,038,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,253,746 |
| Total Program Service Revenue | $13,489,082 |
| Investment income | $518,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,531,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,960,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,570 |
| Grants and other assistance to Foreign Orgs/Individuals | $82,608 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,582,246 |
| Compensation of current officers, directors, key employees. | $575,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,477,377 |
| Pension plan accruals and contributions | $251,455 |
| Other employee benefits | $1,156,492 |
| Payroll taxes | $632,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,153 |
| Fees for services: Accounting | $94,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,662 |
| Fees for services: Other | $1,770,423 |
| Advertising and promotion | $0 |
| Office expenses | $1,224,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $680,706 |
| Travel | $38,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $373,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $666,702 |
| Insurance | $0 |
| All other expenses | $61,511 |
| Total functional expenses | $20,049,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $8,109,641 |
| Pledges and grants receivable | $3,731,094 |
| Accounts receivable, net | $1,363,744 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $574,466 |
| Prepaid expenses and deferred charges | $454,613 |
| Net Land, buildings, and equipment | $23,992,190 |
| Investments—publicly traded securities | $20,553,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,779,760 |
| Accounts payable and accrued expenses | $5,080,747 |
| Grants payable | $0 |
| Deferred revenue | $5,481,051 |
| 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 | $4,551,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,464,166 |
| Total liabilities | $17,577,454 |
| Net assets without donor restrictions | $41,202,306 |
| 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 | $58,779,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Society Of Heating Refrigerating & A-C Engineers has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $10,341,829 |
| Earnings | $2,751,078 |
| Net Contributions | $666,168 |
| Grants | $433,644 |
| Ending Balance | $13,325,431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Motor & Equipment Manufacturers Association Research Triangle Park, NC | $37,966,318 | $17,239,678 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |