International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $10.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Tinley Park, IL
- Founding
- 07/1967
- Data as of
- 12/2023
- EIN
- 36-0750325
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Tinley Park, IL. The organization was established in 1967. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Association Of Heat & Frost Insulators & Allied Workers employed 20 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 12/2023, International Association Of Heat & Frost Insulators & Allied Workers generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE WORKERS FOR THE ECONOMIC, MORAL, AND SOCIAL ADVANCEMENT OF THEIR CONDITION AND STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcgrath Business Manager | Officer | 50 | $175,143 |
Brian Keane Business Agent | Officer | 50 | $173,713 |
James Mcmanus Secretary Treasurer/ba | Officer | 50 | $173,713 |
Kevin Lindsey Business Agent | Officer | 50 | $173,713 |
Robert Flynn Organizer | Officer | 50 | $164,527 |
Robert Fogarty Executive Board | Officer | 2 | $4,710 |
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 | $10,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,225 |
| Total Program Service Revenue | $4,770,434 |
| Investment income | $223,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,111,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,790 |
| Grants and other assistance to domestic individuals. | $42,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $54,000 |
| Compensation of current officers, directors, key employees. | $1,804,287 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,922 |
| Pension plan accruals and contributions | $51 |
| Other employee benefits | $0 |
| Payroll taxes | $84,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,546 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,956 |
| Fees for services: Other | $5,241 |
| Advertising and promotion | $2,583 |
| Office expenses | $131,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,120 |
| Travel | $42,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,763 |
| Interest | $0 |
| Payments to affiliates | $857,330 |
| Depreciation, depletion, and amortization | $192,191 |
| Insurance | $53,696 |
| All other expenses | $212,274 |
| Total functional expenses | $5,005,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,968 |
| Savings and temporary cash investments | $1,553,433 |
| 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 | $9,930 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,050,239 |
| Investments—publicly traded securities | $5,654,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,681,312 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,587 |
| Total liabilities | $6,587 |
| Net assets without donor restrictions | $10,674,725 |
| 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 | $10,681,312 |
Grants Awarded
Over the last fiscal year, International Association Of Heat & Frost Insulators & Allied Workers has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: CONTRIBUTION FOR SUPPORT | $12,000 |
ARISE CHICAGO PURPOSE: CONTRIBUTION FOR SUPPORT | $5,000 |