International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $454.5k
- Revenue
- $196.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Des Moines, IA
- Founding
- 11/1940
- Data as of
- 12/2023
- EIN
- 42-6076559
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Des Moines, IA. The organization was established in 1940. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2023, 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 12/2023, International Association Of Heat & Frost Insulators & Allied Workers generated $196.7k 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 (10.4%) each year. All expenses for the organization totaled $250.0k during the year ending 12/2023. 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
TO PROMOTE AND PROTECT THE INTERESTS OF ITS MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST WORKERS UNDER ITS JURISDICTION FOR THE PURPOSE OF IMPROVING WAGES, HOURS, AND WORKING CONDITIONS. PROGRAM EXPENSES ARE NOT APPLICABLE AS THIS IS A LABOR UNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bo Modlin Secretary Treasurer | OfficerTrustee | 40 | $66,707 |
Chris Thompson President | OfficerTrustee | 3 | $3,008 |
Cory Boyd Vice President | OfficerTrustee | 0.5 | $369 |
Derek Donaldson Union Trustee/executive Bo | Trustee | 0.5 | $0 |
Robert Roberts Union Trustee/executive Bo | Trustee | 0.5 | $0 |
Jonathan Dagnillo Union Trustee/executive Bo | Trustee | 0.5 | $119 |
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 | $161,210 |
| Investment income | $12,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,013 |
| Net Gain/Loss on Asset Sales | $1,970 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,856 |
| 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. | $127,656 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,059 |
| Pension plan accruals and contributions | $820 |
| Other employee benefits | $2,244 |
| Payroll taxes | $6,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,976 |
| Fees for services: Other | $12,621 |
| Advertising and promotion | $4,878 |
| Office expenses | $5,298 |
| Information technology | $728 |
| Royalties | $0 |
| Occupancy | $15,090 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,869 |
| Interest | $0 |
| Payments to affiliates | $39,909 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,236 |
| All other expenses | $5,537 |
| Total functional expenses | $250,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,862 |
| Savings and temporary cash investments | $3,426 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $358,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,456 |
| Accounts payable and accrued expenses | $8,917 |
| 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 | $8,917 |
| Net assets without donor restrictions | $445,539 |
| 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 | $454,456 |