International Assn Of Heat & Frost Insulators & Asbestos Workers L-41
- Assets
- $1.6m
- Revenue
- $790.6k
- Investments
- $220.9k
- Employees
- 5
- Location
- Fort Wayne, IN
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 35-1392794
Organization Overview
International Assn Of Heat & Frost Insulators & Asbestos Workers L-41 is located in Fort Wayne, IN. 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 12/2021, International Assn Of Heat & Frost Insulators & Asbestos Workers L-41 employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Assn Of Heat & Frost Insulators & Asbestos Workers L-41 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, International Assn Of Heat & Frost Insulators & Asbestos Workers L-41 generated $790.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $871.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRAIN AND MAINTAIN CONTRACS FOR LOCAL UNION MEMBERS AND ORGANIZING UNION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNION ORGANIZATION FOR TRAINING AND ORGANIZING MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Meehan Business Man | Officer | 40 | $72,432 |
Paul Davis Exec Board/o | Trustee | 40 | $61,836 |
Brock Meehan President | OfficerTrustee | 10 | $8,022 |
James Daylan Rose Vice Preside | OfficerTrustee | 1 | $0 |
Nick Shepler Financial Se | OfficerTrustee | 1 | $0 |
Tanner Zweibel Seargant At | OfficerTrustee | 1 | $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 | $789,936 |
| Investment income | $702 |
| 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 | $790,638 |
| 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. | $142,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,066 |
| Pension plan accruals and contributions | $104,400 |
| Other employee benefits | $31,420 |
| Payroll taxes | $15,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,802 |
| Fees for services: Accounting | $7,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,156 |
| Office expenses | $8,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,546 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,286 |
| Interest | $0 |
| Payments to affiliates | $145,103 |
| Depreciation, depletion, and amortization | $9,856 |
| Insurance | $5,825 |
| All other expenses | $3,580 |
| Total functional expenses | $871,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,037,098 |
| Savings and temporary cash investments | $0 |
| 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 | $18,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,505 |
| Net Land, buildings, and equipment | $335,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $220,939 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,613,788 |
| Accounts payable and accrued expenses | $47,001 |
| 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 | $0 |
| Total liabilities | $47,001 |
| Net assets without donor restrictions | $1,566,787 |
| 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 | $1,613,788 |