International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $4.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Highland Park, NJ
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 22-0743980
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Highland Park, NJ. 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 12/2022, International Association Of Heat & Frost Insulators & Allied Workers employed 9 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 12/2022, International Association Of Heat & Frost Insulators & Allied Workers generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE IAHFIAW WORKERS LOCAL UNION NO. 32 WAS ESTABLISHED TO PROVIDE FOR BETTER WORKING CONDITIONS, WAGES, AND BENEFITS FOR MEMBERS OF THE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HFIAW WORKERS LOCAL UNION NO. 32 WAS ESTABLISHED TO PROVIDE FOR BETTER WORKING CONDITIONS, WAGES, AND BENEFITS FOR MEMBERS OF THE UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Dwyer Jr Business Manager/fst | Officer | 40 | $160,202 |
Paul Legrand Former Business Agent | Officer | 40 | $77,313 |
Jeramiah Farmer Business Agent | Officer | 1 | $92,656 |
Marvin Lowery Recording Secretary | Officer | 1 | $0 |
Stephen Sullivan E. Board/organizer | Officer | 1 | $130,388 |
Dominick Boldi Executive Board | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,799,119 |
| 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 | $1,799,119 |
| Total Program Service Revenue | $4,613 |
| Investment income | $9,884 |
| 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 | $2,089,339 |
| 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 | $41,636 |
| Compensation of current officers, directors, key employees. | $562,885 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,589 |
| Pension plan accruals and contributions | $32,733 |
| Other employee benefits | $541,778 |
| Payroll taxes | $70,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,185 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,950 |
| Advertising and promotion | $0 |
| Office expenses | $27,532 |
| Information technology | $16,673 |
| Royalties | $0 |
| Occupancy | $50,724 |
| Travel | $22,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,788 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,859 |
| Insurance | $50,032 |
| All other expenses | $23,953 |
| Total functional expenses | $2,191,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,293,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,605 |
| 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 | $30,661 |
| Net Land, buildings, and equipment | $1,171,329 |
| Investments—publicly traded securities | $451,258 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,847 |
| Total assets | $4,131,843 |
| Accounts payable and accrued expenses | $39,515 |
| 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 | $128,511 |
| Total liabilities | $168,026 |
| Net assets without donor restrictions | $3,963,817 |
| 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 | $4,131,843 |