Air-Conditioning Heating And Refrigeration Institute
- Assets
- $51.7m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 127
- Location
- Arlington, VA
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 26-1558777
Organization Overview
Air-Conditioning Heating And Refrigeration Institute is located in Arlington, VA. The organization was established in 2008. 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, Air-Conditioning Heating And Refrigeration Institute employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air-Conditioning Heating And Refrigeration Institute 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, Air-Conditioning Heating And Refrigeration Institute generated $38.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $38.2m during the year ending 12/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AIR-CONDITIONING, HEATING AND REFRIGERATION INSTITUTE SERVES THE PUBLIC AND THE INDUSTRY BY PROMOTING RECOGNITION OF THE BENEFITS OF AIR-CONDITIONING, HEATING AND REFRIGERATION AND BY PROMOTING CONFIDENCE IN THE PERFORMANCE OF THE INDUSTRY'S PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANDARDS AND CERTIFICATION - AHRI DEVELOPS AND PUBLISHES A LARGE NUMBER OF PERFORMANCE RATING STANDARDS FOR INDUSTRY PRODUCTS. THERE ARE MORE THAN 100 AHRI STANDARDS AVAILABLE. THESE STANDARDS ESTABLISH RATING CRITERIA AND ASSIST IN CERTIFYING PRODUCT PERFORMANCE. AHRI MANAGES THE LARGEST CERTIFICATION PROGRAM IN THE WORLD FOR THE HVACR AND WATER HEATING INDUSTRY RELATED TO PERFORMANCE STANDARDS.
OTHER PROGRAM SERVICES INCLUDE ENGINEERING AND RESEARCH.
POLICY AND GOVERNMENT RELATIONS - THESE DEPARTMENTS PROVIDE A WIDE RANGE OF SERVICES ON A VARIETY OF DOMESTIC, TRADE AND INTERNATIONAL ISSUES. HVACR AND WATER HEATING PRODUCTS ARE COMING UNDER INCREASING SCRUTINY FOR THE ENERGY AND REFRIGERANTS THEY USE. THESE DEPARTMENTS REPRESENT THE INDUSTRY BY WORKING WITH DECISION-MAKERS TO DEVELOP POLICIES THAT RECOGNIZE THE BENEFITS OF AIR-CONDITIONING, HEATING, AND REFRIGERATION PRODUCTS.
MEMBERSHIP SERVICES - AHRI IS VIEWED AS A RESOURCE FOR INDUSTRY SHIPMENT DATA, EDUCATION AND WORKFORCE INFORMATION, AND RESEARCH. AHRI IS AN INDUSTRY POWERHOUSE, PROVIDING OUR MEMBERS WITH ONE INDUSTRY VOICE, BOTH DOMESTICALLY AND ABROAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Yurek Ahri President & Chief Executive Officer | Officer | 35 | $680,348 |
John Lanier Secretary & Chief Operating Officer | Officer | 35 | $370,653 |
Henry Hwong Senior Vice President, Global Operations | Officer | 35 | $286,532 |
Samantha Slater Senior Vice President, Government Affairs | Officer | 35 | $260,936 |
William Mcquade Vice President, Sector Services | Officer | 35 | $257,408 |
Vassilis Tritsis Vice President, Certification | Officer | 35 | $249,540 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intertek Testing Svc Na Inc Testing Service | 12/30/22 | $8,583,166 |
Hefei General Machinery Testing Service | 12/30/22 | $1,671,920 |
Ul Llc Testing Service | 12/30/22 | $970,290 |
Bracewell Llp Consulting | 12/30/22 | $545,628 |
Globalization Partners Consulting | 12/30/22 | $516,845 |
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 | $37,178,399 |
| Investment income | $954,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,655 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$110,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,104,556 |
| 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. | $3,515,004 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,805,600 |
| Pension plan accruals and contributions | $368,599 |
| Other employee benefits | $1,304,245 |
| Payroll taxes | $761,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,568 |
| Fees for services: Accounting | $197,344 |
| Fees for services: Lobbying | $863,073 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,851 |
| Fees for services: Other | $3,278,021 |
| Advertising and promotion | $228,088 |
| Office expenses | $375,691 |
| Information technology | $1,530,530 |
| Royalties | $0 |
| Occupancy | $1,369,453 |
| Travel | $553,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,695,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $655,475 |
| Insurance | $114,440 |
| All other expenses | $97,650 |
| Total functional expenses | $38,196,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,178,447 |
| Savings and temporary cash investments | $730,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,083 |
| 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 | $587,426 |
| Net Land, buildings, and equipment | $3,309,403 |
| Investments—publicly traded securities | $31,842,784 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,587,009 |
| Total assets | $51,666,075 |
| Accounts payable and accrued expenses | $3,903,830 |
| Grants payable | $0 |
| Deferred revenue | $6,435,849 |
| 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 | $13,849,259 |
| Total liabilities | $24,188,938 |
| Net assets without donor restrictions | $27,477,137 |
| 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 | $51,666,075 |